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Craig Insurance Group Inc

309 W Millbrook Rd, Suite 151
Raleigh, NC 27609

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Choosing a Renter’s Insurance Policy

You may think you don’t need insurance in Raleigh, NC because you don’t own your home. But if you’re renting an apartment, condo, or house, your landlord’s insurance only covers the building itself—not your belongings. Even if you’re recently on your own and have a few things of value, renter’s insurance is a must.

What is Renter’s Insurance?

Renter’s insurance is an insurance policy that covers your belongings in the event of certain disasters, such as a fire. It also provides liability coverage if someone’s injured in your home.

And, it can even cover your costs if you have to live elsewhere while your rental is being repaired. Your Craig Insurance Group agent can help you customize your policy to get the coverage you need.

Benefits of Renter’s Insurance

There are several reasons you should get renter’s insurance, even if you’re on a tight budget. For one, it’s relatively inexpensive—often just a few dollars a month. And, if something happens to your belongings, you won’t have to pay out of pocket to replace them.

But even if you have very little, a fire, flood, or other covered event can leave you with nothing. Many people don’t think about it.

Renter’s insurance also provides liability coverage, which protects you if someone’s injured in your home. This is important even if you don’t think you have anything worth suing for. And, if someone sues you, renter’s insurance can help pay for an attorney.

How Much Renter’s Insurance Do I Need?

We will be happy to help you figure out how much coverage you need. It’s a good idea to insure your belongings for their replacement value—what it would cost to buy them new.

You can also insure them for their actual cash value, which is what they’re currently worth. This option is often less expensive, but remember that it may not cover the total cost of replacing your things.

Contact Craig Insurance Group in Raleigh, NC today to get a quote on renter’s insurance. We’ll help you find the coverage you need at a price you can afford.

How to Shop for Renters’ Insurance

At Craig Insurance Group in Raleigh, NC, we want everyone to have the insurance coverage they need at a price they can afford. Knowing how to shop for insurance is the first step to getting a good deal. Each type of insurance is unique, but these steps will help you when shopping for renters’ insurance.

Assess Your Valuables

You don’t necessarily need to inventory the items in your rental, but it will absolutely help you find a renters’ insurance policy that fits your needs. Get receipts if you can, especially for more expensive items. Take pictures of everything, and store them somewhere you can reach them if you lose everything else. Online storage is a good option, but you should keep multiple backups. Feel free to bundle less expensive or bulk items together on your list.

Research Renters’ Insurance Providers

Even if you have a working relationship with one provider for another type of coverage like your auto policy, you should research potential providers through the lens of renters’ insurance. Look for their renters’ insurance options. Reviews from customers who had renters’ insurance through those companies can sometimes be helpful, but they’re not always unbiased.

Ask for a Quote

Once you’ve decided which providers you’d like to try, it’s time to get quotes. Few insurance providers will give you more than the basic idea of their coverage options without more details. Price quotes you see in reviews are not very reliable for that same reason. Once the provider has your details, they apply their company policy to the details to determine your premium, liability limits, and other policy factors.

Get an Agent’s Help

An insurance agent specializes in helping pair people with an insurance provider. Craig Insurance Group can help Raleigh, NC renters compile their asset information, add insight into insurance providers, and get quotes from multiple providers with less hassle.

Renters’ Insurance for Any Rented Home

If you rent a home, it doesn’t matter which type of home it is. You need renters’ insurance. Many people think about renters’ insurance when they rent a house, but it’s also important to have it for apartments, condos, trailers, and more. If you don’t yet have renters’ insurance, contact us at Craig Insurance Group in Raleigh, NC.

Protect Your Belongings

One of the types of coverage included in a renters’ insurance policy is coverage for your possessions. All of the items inside your rented home are insured when you have a renters’ policy. The best practice is to create an inventory of what you own and keep it in your rented home soon after moving in. This can be done by making a list of all of your major possessions and filming yourself going from room to room so that there is a video record of what you own.

Protect Your Home

Another type of coverage included in a renters’ policy is protection if something should happen to your home that renders it uninhabitable. Several disasters, accidents, and calamities can happen that leave a rented home unlivable. If this should happen, your renters’ policy will pay for you to move to a different residence while yours is being rebuilt or repaired. This protects your standard of living. 

Protecting Your Finances

Renters’ insurance also contains some protection against your liability. If someone comes to your home and gets sick or injured, this insurance will pay for their medical bills and lost wages. This keeps you from being sued in the event of an accident or illness. 

Get Your Renters’ Insurance Policy

If you rent your home and don’t yet have the renters’ insurance policy you need, call us at Craig Insurance Group in Raleigh, NC.

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