You may think you don’t need insurance in Raleigh, NC because you don’t own your home. But if you’re renting an apartment, condo, or house, your landlord’s insurance only covers the building itself—not your belongings. Even if you’re recently on your own and have a few things of value, renter’s insurance is a must.
What is Renter’s Insurance?
Renter’s insurance is an insurance policy that covers your belongings in the event of certain disasters, such as a fire. It also provides liability coverage if someone’s injured in your home.
And, it can even cover your costs if you have to live elsewhere while your rental is being repaired. Your Craig Insurance Group agent can help you customize your policy to get the coverage you need.
Benefits of Renter’s Insurance
There are several reasons you should get renter’s insurance, even if you’re on a tight budget. For one, it’s relatively inexpensive—often just a few dollars a month. And, if something happens to your belongings, you won’t have to pay out of pocket to replace them.
But even if you have very little, a fire, flood, or other covered event can leave you with nothing. Many people don’t think about it.
Renter’s insurance also provides liability coverage, which protects you if someone’s injured in your home. This is important even if you don’t think you have anything worth suing for. And, if someone sues you, renter’s insurance can help pay for an attorney.
How Much Renter’s Insurance Do I Need?
We will be happy to help you figure out how much coverage you need. It’s a good idea to insure your belongings for their replacement value—what it would cost to buy them new.
You can also insure them for their actual cash value, which is what they’re currently worth. This option is often less expensive, but remember that it may not cover the total cost of replacing your things.
Contact Craig Insurance Group in Raleigh, NC today to get a quote on renter’s insurance. We’ll help you find the coverage you need at a price you can afford.
