Holy Smokes! While you were making homemade funnel cakes, a small grease fire broke out in the kitchen of your apartment. A few cabinets were charred ind there was smoke damage to your living room furniture, resulting in $2,500 of total damages. Your policy has a $200 deductible and requires 10% co-insurance payment. Type of insurance required: Total Cost to the Policy Holder: Renter's Insurance