Renters Insurance in North Carolina
Renters insurance is not legally required in the state of North Carolina; however, it is a good idea to have this coverage for your personal belongings and liability in the case of an accident. Most renters believe that the landlord carries an insurance policy that covers them as tenants. The landlord's liability insurance does not cover renter's personal items that can have great sentimental value to them.
What Does Renters Insurance in North Carolina Cover?
When you purchase renter’s insurance from Griffin Insurance Agency, you can rest assured that you have liability and personal item protection. In the case that your apartment is broken into, this insurance policy covers the cost of replacing all of your belongings that are stolen. It can also cover damages that occur to your dwelling from fire or vandalism.
Renters insurance also covers any valuables that are left inside your cars such as tablets or phones. It also covers your belongings outside of your home such as a bicycle that is parked outside of any establishment. Renters insurance policies cover property damage liability and will pay for damages caused by your children should they damage property in a store.
Your renter's policy will also pay medical costs if someone is hurt in your apartment from a liability standpoint. It will cover damages you cause accidentally too, such as a water leak when you forget to turn off the bathtub's water. First, the landlord will likely use your security deposit for payment, and then the renter's insurance will pay for the rest of the repairs. Also, this insurance will cover damages to other apartments that you caused from the water leak.
In case of fire or storm damages to your dwelling that you rent, your renter's policy has you covered with a temporary hotel stay if the apartment is not livable while making repairs.
The critical items to know about your renter's insurance policy include information that it could pay you for the actual cash value of your items or pay you the replacement cost of your items. At Griffin Insurance Agency, we are here to help you with your renter's insurance needs to make sure you are covered. Visit us at our office or give us a call to talk to a knowledgeable agent