https://www.idealins.com/renters-insurance - At Ideal Insurance Agency, we know that you’ve most likely invested a lot of time and money in your personal property, and it’s up to you to take care of it. Having a Renters Insurance, or Tenants Insurance, the policy can pay for the cost of replacing your belongings if they are damaged due to a covered accident, or if they’re stolen. Depending on your policy, your insurance will pay to replace items using one of two methods: Actual Cash Value (ACV) or Replacement Cost.