The 21st century is no longer quite as straightforward as previous centuries when it comes to living options. We now live in a world where sometimes it makes much more financial sense to rent a house, apartment or condo than it does to own one. This is especially true in the core of urban areas, where home prices can be astronomical and the spaces you get in return are very small.
So if you’re renting, you’re set, right? Not only do you not have to worry about maintaining the integrity of the unit or building yourself, in some cases, you might even have utilities taken care of by the landlord. There’s nothing to worry about!
Unfortunately, that’s not true, and that’s where renter’s insurance comes in.
How It Works
Obviously, you don’t have to worry about what happens to a home or apartment unit in the event of a fire or a flood. The landlord or company that owns the building is insured, and will cover that cost. But that only applies to the actual structure itself. In the event that something happens to a home, condo or apartment, whatever is inside it is still your responsibility, and the owners have no legal or financial obligation to reimburse you for that. In other words, if something happens, anything inside the home is covered by your own bank account.
Renter’s insurance helps with that. It not only covers you in the event that something happens to a building, but it can help with instances that home insurance might not at all, such as burglary that results in the theft of your belongings.
If you have certain belongings, like a rare collection, or some vintage artifacts that you want to make sure have full coverage, you’ll want to consider renter’s insurance. At Amistad, we can help you to find the perfect policy to make sure that while your building owner or landlord is looking after the structure you live in, we’re protecting what’s in it.
Contact us for a renters insurance NC quote at 919.926.7166.