Renter’s insurance is one of the most affordable types of insurance. However, it can save you extraordinary amounts of money, time, and headaches should something happen. Generally, three categories are covered: liability, contents, and additional living costs. When shopping for renter’s insurance in the Charlotte and Waxhaw, NC areas, there are a variety of details to look out for.
Below are some of the most common ones:
Items Your Coverage Excludes
When disaster strikes, the last thing you want is to learn that your policy doesn’t cover your priceless paintings or family heirlooms. It’s vital that you take the time to ensure that the renter’s insurance you purchase is able to cover everything you may need by asking for a list of items that the policy excludes.
Whether or Not You Can Afford Your Deductible
Deductibles are an often overlooked part of buying insurance. In most cases, a higher deductible can lower your monthly premium. But when faced with a loss, you may be looking at a significant out-of-pocket expense before you can claim the remaining losses. This might not be feasible depending on your finances.
Coverage That Includes Events in Your Area
If you live in an area prone to natural disasters, it’s crucial to ensure that your renter’s insurance policy covers those disasters. For instance, if you live in a flood-prone area and your policy excludes flood damage, you’ll need to make sure you are prepared to cover the costs in other ways.
Hausmann Insurance & Financial Services is Here To Help!
Here at Hausmann Insurance & Financial Services, we strive to help those in the Charlotte and Waxhaw, NC areas find the renter’s insurance that they need at a price they can afford. Give us a call today to learn more about our services and get started!