Get the Best Renters Insurance
Rates and Coverage in the Industry
North Carolina is a state that experiences a wide range of elements; from tornadoes in the spring to hurricanes in the fall, frequent heavy rain and the winter snow. Your rental structure may be protected by your landlord’s insurance, but when there is damage to your belongings during a storm or flood, you are not covered under that policy. Your valuables such as jewelry, furniture, and computers are left unprotected and uninsured—even in case of theft or burglary. With renters insurance, you can protect what you own within your rental home, as well as your liability.
What is renters insurance
If you are renting your accommodation, you don’t need all the coverage that a homeowner needs. However, there are still some risks that you face as a tenant. Your landlord may not accommodate these risks in their own policies and you need to be in a position to cover any unforeseen costs if they should arise. A renters insurance policy is thus quite similar to a homeowners insurance policy, except that it does not include provisions for the dwelling or structure itself. What it does cover is liability insurance and personal property protection in case your possessions get damaged or are lost as a result of theft, fire or vandalism. Many rental contracts may actually require you to have renters insurance. It is a good way to maintain your peace of mind, knowing that any damage to your property is covered, regardless of any action (or lack thereof) taken by the owner of your property. Renters insurance can also cover temporary living expenses should your property become uninhabitable.
How much does renters insurance cost?
It is difficult to predict exactly how much your renters insurance policy will cost until you receive a detailed quote from one of our agents. The area and city in which you live will play a major role in determining the cost of your renters insurance. The size, value or type of property makes very little difference, on the other hand, since it is your personal property that is being covered, not the building in which you live. All that being said, there are very reliable stats on the average monthly payment per state, according to data from the Insurance Information Institute. The findings from the Institute’s research suggest that the average cost of renters insurance in North Carolina is $13 per month ($156 per year). The exact amount will differ depending on the specific value of the belongings you are insuring.
Why Consult Tom Needham Insurance Agency
for Your Renters Insurance?
Don’t risk your belongings assuming you are protected by the landlord’s insurance policy. Call the Tom Needham Insurance Agency now at 336-855-1223 or request a Renters Insurance quote online.
Call us now at 336-855-1223 or contact us for an insurance quote online and one of our agents will be in touch with you shortly.
Tom Needham Insurance Agency – Offering You Better Prices and the Best in Service!