For many renters in the Raleigh area, the prime concern can simply be finding a good place to stay. With many secure apartment units in Cary and other suburbs, renters often feel a good sense of security in their surroundings. However, it is impossible to tell when disaster or an accident may strike, and this can lead many residents to seek out renters insurance as a means of protecting their property.
Looking At Renters Insurance – Raleigh, Garner, Durham, NC
There are several homeowners insurance policy forms that do apply specifically to renters, although the use of a Homeowners Broad Form that has been slightly modified can also apply. Primarily, renters insurance will cover:
- Personal property – this includes any goods within the apartment or rented home, but extra insurance may be taken out on property that is high in value, such as jewelry or rare paintings.
- Loss of use – in the event that the rented apartment or home is no longer habitable, and the renters need to find other accommodations during repair, this coverage will apply to costs that are incurred due to these circumstances. Renters can receive some financial relief during this stressful time, and also have the security of a place to stay.
- Personal liability – this applies to any injuries that members of the home sustained, and provides cost coverage for personal medical charges.
- Medical coverage for others – this applies to outsiders who are injured within the structure due to the event. Although property owners will often be held accountable for this, renters can be taken to court for these types of injuries, and this insurance provides a cushion.
While there are also a variety of factors that are considered as viable reasons for entering a renters insurance claim, making sure to have the coverage in the first place can eliminate a lot of stress. Contacting Amistad Insurance Services today can give you the knowledge you need to make an educated choice on your renters insurance.
