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!
Rental prices have continued to rise nationwide, leading renters to search out the smartest solution to help stretch their budgets. One of these solutions is to find affordable coverage for personal property and potential damage so the renter is never left owing unexpected and significant bills. But just what does protection this rental insurance actually provide? Learn more about renters’ insurance policies with Hausmann Insurance & Financial Services, serving the greater Charlotte and Waxhaw, NC communities, according to the North Carolina Department of Insurance.
What’s covered by North Carolina renters’ insurance?
Personal Property Rental Coverage
Landlords typically insure their building, not your belongings. Don’t risk your personal items from wallet to TV to your favorite art print. Instead, get renters’ coverage to help cover your own items too.
We all know weird weather is becoming more and more common. Peril insurance basically protects you from loss and liability due to those "Acts of God" like lightning strikes, flooding, hurricanes, and fire. Peril insurance can even cover things like broken steam pipes, volcanoes, and airplane impacts. It’s important to review peril insurance with a qualified professional. Your unique location in the state may suggest specific insurance that is tailored to you specifically.
Liability and Medical Coverage
If something happens, you don’t want to have to pay for that accident. Personal liability helps protect you against accidents that happen in your unit to people who don’t live there or because of damage to that person’s property. Medical coverage of this nature can help cover potentially expensive medical bills in the event of an accident such as a trip and a fall on the stairs.
Get Renters’ Coverage Today
For more about renters’ insurance policies and how to protect your investment, contact Hausmann Insurance & Financial Services, serving Charlotte and Waxhaw, NC, for a quote today.
Going to college can be an exciting time. You can finally go off on your own and live your life. However, with that comes responsibility. You have to find a place to live and start acting like an adult.
Part of that includes getting insurance. Here are some reasons why you should think about renter’s insurance.
Your landlord may require it. If you live off of campus, your landlord may require you to have renter’s insurance to protect you (and him or her).
It will protect your belongings. Many college students take everything they own with them when they go to school. This may include plenty of clothing, computers, printers, cell phones, and many other possessions that they can’t live without. If anything is stolen or damaged due to theft, fire, storms, and other disasters, renter’s insurance will cover these costs. That being said, if you have a lot of expensive pieces, you may need additional coverage.
It also covers liability. If someone gets injured when they come to your apartment, you could be held liable for their medical bills. This can quickly add up, so you should have insurance to help pay for these expenses. If someone keeps something at your place, and it gets damaged, it will also cover those costs.
Renter’s insurance will cover emergency housing. If your rental gets damaged, and you can’t live there for an extended period of time, your renter’s insurance will cover the costs of relocating until you can move back in.
If you are unsure about whether or not you need renter’s insurance, don’t hesitate to contact us today at Hausmann Insurance & Financial Services serving Charlotte and Waxhaw, NC.
Getting renters insurance can protect your Charlotte or Waxhaw, NC area rented house or apartment stay safe. However, what happens if your policy is not up to date or if you’ve let it lapse? We’ve seen this happen at Hausmann Insurance & Financial Services, and the results are never good.
What Happens If Your Policy is Not Up to Date?
Your renter’s insurance policy is designed to protect your belongings in a rented home and help when you experience a total loss scenario. For example, if a house burns down, and you’re renting it, the landlord’s home insurance won’t help you. But your renter’s insurance policy will kick in and give you the help that you need to minimize the potential for a total loss that you’d otherwise experience.
However, if you let your insurance policy lapse or get out of date, you won’t have any coverage on your belongings. Even if your insurance has lapsed a short period, you may have no coverage. Some companies or policies have a grace period after your insurance is out of date, during which it will still cover you. Unfortunately, not all companies provide this option, and you may end up stuck.
So, how can you tell if your policy is up to date? First, check your insurance paperwork and see when you need to make your next payment. You can also contact your insurance agent and ask them if you are behind in any fees or if you need to upgrade your policy for better coverage.
Help is Available for You
As you can see, keeping your insurance policy up to date is critical for your overall financial needs. So, if you live in Charlotte or Waxhaw, NC, or the surrounding area and need insurance help, please contact us at Hausmann Insurance & Financial Services right away to learn more about your options here.
Many uninsured renters in Charlotte and Waxhaw, NC, live under the belief that their landlord insurance shields their possessions against calamities. The ultimate truth is that your landlord policy does not protect tenants. To this end, you need renters insurance, which is a form of coverage that safeguards your personal belongings against unpredictable calamities such as electrical surges, fire, and vandalism.
No matter the location of your apartment or condo in Charlotte or Waxhaw, NC, your renters’ insurance policy can protect your finances if disasters strike. Connect with us at Hausmann Insurance & Financial Services today for a customized quote, and learn more about selecting the perfect renters’ insurance policy that befits your needs and budget.
What is renters insurance?
Renters insurance plan protects tenants and their personal belongings against perils like:
Renters insurance gives you inner peace of mind by knowing that your belongings get shielded if they are stolen or damaged by covered perils. Visit us today at Hausmann Insurance & Financial Services offices and talk to our passionate agents about acquiring renters’ insurance coverage.
What does renters’ insurance cover?
Renters insurance provides the below protection:
- Content coverage: This form of policy protects your clothing, furniture, and other possessions from covered disasters such as lightning, windstorm, explosion, and vandalism.
- Additional living expenses (ALE): It pays for reimbursement for additional living expenses when your apartment is uninhabitable after a covered calamity strikes.
- Personal liability coverage: Covers property damage or inflicted bodily injuries that arise from an accident at your premises. It also pays for damages that your household pets have propagated.
- Medical payments coverage: It reimburses medical expenses for anyone injured while on your premises.
What does renters insurance not cover?
While renters insurance protects you against several perils, it won’t cover the below:
- Valuables like jewelry
- Home business
- Motorized vehicles
Are you seeking renters’ insurance in Charlotte and Waxhaw, NC? Call or visit our Hausmann Insurance & Financial Services offices for a quote.