It’s always a great idea for anyone who rents an apartment or house to get renter’s insurance. After all, you don’t own the property itself but you do own the valuables inside it. If there is a natural disaster, if you experience theft, or even if something unusual happens (like a power surge causing damage to electronics), it’s always a relief to know that someone has your back. However it’s incredibly surprising to see the number of people who opt not to get renter’s insurance or who ignore it completely, especially in Raleigh, North Carolina. There are many myths circulating about renter’s insurance, and we’d like to bust a few of the most common ones.
Myth #1: It’s As Expensive As Homeowner’s Insurance
Homeowner’s insurance and renter’s insurance are completely different beasts. While both are worthwhile investments, renter’s insurance in North Carolina is incredibly affordable to the point where there’s almost no reason not to get it. Depending on your coverage and the amount of the belongings you want to cover, it can be a few hundred dollars annually.
Myth #2: A Landlord’s Or Roommate’s Insurance Will Cover You
Unfortunately, your belongings are not their responsibility, so no—you need to have your own insurance. In the case of a roommate, sometimes the plan will cover the other person, but you really do need to check before an incident occurs. It’s also important to agree on the deductibles and limits that get paid out.
Myth #3: “I Don’t Have That Much Stuff”
Ah, the minimalist in us all wants to think we live on very little, but chances are, you own more than you think. Every sweater, every electronic device, every piece of furniture, every home decor item—they all add up! Take some time and list out all of your belongings, from the small and cheap to the big and expensive ones, and you’ll quickly see the value in insurance.
Myth #4: It Only Covers Your Belongings
Yes, renter’s insurance mostly focuses on protecting your possessions, but it can come in handy in other situations, too. Let’s say your bathtub overflows, leaks to the apartment below you, and damages some of their furniture. Or imagine you’re hosting a party and someone trips and falls, injuring themselves. Your policy can cover this damage up to your liability limit.
Myth #5: I’m In A Safe Place
Bad things can happen even in the safest of neighborhoods. While you might feel comfortable going without renter’s insurance now, you’ll definitely be mad at yourself later when something bad does happen. The unexpected can occur at any time: theft, earthquakes, fires, and flooding. On top of the loss of your things, it would be awful to have to be held responsible for replacing those items, which could easily total thousands of dollars. Don’t hesitate any longer! Get a quote today through Amistad Insurance Services for your Raleigh renter’s insurance.