Renters Insurance in North Carolina
Renter's insurance is not mandatory, according to the North Carolina Department of Insurance. However, individual landlords can require new tenants to purchase it if they choose. Fairway Insurance, located in Cary, NC, offers several policy options to help protect your personal property and liability in your new rental home. This includes the following four categories of loss in a rental dwelling outlined by the state insurance department:
- Personal property:This would include items such as clothing, computers, furniture, cash, collectibles, and dozens of other personal items that you would keep inside of your rental property. Damage to these items may occur due to fire, theft, severe weather, electrical malfunction, and several other causes. We will inform you of any restrictions on types of property or cause of loss when you apply for a policy.
- Personal liability: This category covers your losses for property damage or bodily injury when you or someone living in your South or North Carolina apartment or house causes the harm. Although this coverage provides a defense and some payment, it doesn't pay claims resulting from intentional acts.
- Loss of use: This category of renter's insurance provides you with funds for living expenses if you can no longer live in your primary dwelling due to damage. This could include new housing costs, food, and payment to store items you salvaged from your rental property.
- Medical payments to others: This pays reasonable medical expenses for people injured inside of your rental property, excluding you and anyone who lives with you. It does not cover injuries that occurred while the person was involved in any type of business activity.
Contact Us for a Free Quote
Fairway Insurance in Cary, NC is available now to create a renter's insurance policy that best meets your needs. We encourage you to contact us before your scheduled move, so you have one less thing to worry about as you get settled into your new home. Reach out to our agents for more questions.