Write a research paper on Why is it important for people who rent to have insurance? Does the building owner’s property insurance ever cover the tenant’s personal property? What is the difference between cash value and replacement value? When shopping for renter’s insurance, what coverage features should you look for? Complete four of the following activities and write an essay describing what you found: Survey friends and relatives to determine the types of insurance coverages they have. Also, ask them about the process they followed when selecting and comparing various insurance coverages. Talk to a financial planner or an insurance agent about the financial difficulties faced by people who lack adequate home and auto insurance. What common coverages do many people overlook? Survey several people about their household inventory methods. In the event of damage or loss, would they be able to prove the value of their personal property and other belongings? Contact two or three insurance agents to obtain information about homeowner’s or renter’s insurance. Use Sheet 49 in the Personal Financial Planner to compare the coverages and costs. Talk to several homeowners about the actions they take to reduce the cost of their homeowner’s insurance. Locate websites that offer information about reducing homeowner’s insurance costs.