At Brevard Insurance Agency Inc, we can help people in Brevard, NC, and the surrounding area gets renters insurance. Even if you live with your family and rent a room, you might still want this type of insurance.
Renting From Family is Still Renting
When you rent a room from a family member, you put yourself in a unique situation. While you may be related to each other (even in a parent-child relationship), you do not own the home. Unless the homeowner claims your items as belonging to them, what you own is not covered.
As a result, if a severe accident impacts you and you don’t have renters insurance, you’re going to be in a challenging situation. We understand that it might not seem necessary or wise for you to get this kind of protection. However, it is essential to do things right in this situation.
What Renters Insurance Covers
Renters insurance will cover anything that belongs to you in a home. It does not cover the house’s structure (the homeowner’s insurance policy covers that) but protects anything you own while you rent from others. This can include clothing, televisions, books, and much more.
Thankfully, this type of policy is surprisingly inexpensive and can be adapted to suit your needs. Many people often find that this policy is an excellent choice until they move out of their family’s house, at which point they’ll need another type of policy to ensure that they are protected from damage.
Get Help Today
Do you need renters insurance that meets your needs? Are you ready to stay protected and safe in your Brevard, NC rented room? Then please don’t hesitate to call us at Brevard Insurance Agency Inc to learn more about how we can help.
Many renters have the common misconception that their belongings are covered under a policy if their landlord has insurance. However, that is not true because homeowner’s insurance only covers the homeowner’s belongings. Generally speaking, renters insurance is optional; however, your landlord may require that you carry a policy within the lease terms required to sign. Landlords require renters insurance because it limits the likelihood that a tenant will sue them for liability costs or damage to their personal property should an incident occur.
Renters insurance may only be required in certain situations, but that doesn’t mean you shouldn’t have coverage. The general property, loss of use, and liability coverage that are generally found on all renters insurance policies are exceptional value for minimizing the financial loss associated with an unexpected event that damages your belongings or leaves you liable for someone else’s medical bills. While policies vary depending on the coverages chosen, generally, each renters insurance policy will cover the following:
- Personal Property Damage: Pays up to your policy limits to replace your belongings that are destroyed by a covered event.
- Personal Liability: Protects you from legal liability if an accident occurs to a third party at your home or apartment.
- Loss of Use: If the place you are living is uninhabitable due to a covered event, your renter’s insurance policy will pay for your expenses.
- Medical Protection: Pays for medical expenses incurred by someone injured at your residence.
When it comes to offering peace of mind, renters insurance is a no brainer. At Brevard Insurance Agency Inc. in Brevard, NC, our talented team of insurance experts will help crunch the numbers, answer your questions, and customize a renters insurance policy that exceeds your expectations.