Archdale, North Carolina
11324 N Main St.
High Point, NC 27263
336-434-­2111

Your Renter's Insurance FAQ Answered May 29, 2018

Archdale, Randolph
Your Renter's Insurance FAQ Answered, Archdale, North Carolina

One of the benefits of renting your home is not having to worry about maintenance or repairs after a major disaster. But what about your stuff inside? Your landlord’s policy will pay for any damage to the building, but without renter’s insurance, you’ll be left paying for your belongings out of your own pocket. Below are some answers to common questions about what these policies cover and why you need one.

Answers to Some Common Renter’s Insurance Questions

What Events Does Renter’s Insurance Cover?

renter's insuranceThe standard renter’s insurance policy protects against a broad range of disasters, including everything from fire and broken water pipes to volcanic eruptions and riots. Floods and earthquakes are specifically excluded, though, so you’ll need a separate amendment if you live in a vulnerable area.

Will Renter’s Insurance Protect Me From Theft?

Fortunately, the umbrella of protection provided by renter’s insurance also covers losses due to theft and vandalism. However, if you have especially valuable items like jewelry or expensive electronics, you may need to extend your coverage.

Does It Come With Liability Protection?

Just like homeowner’s insurance, a renter’s policy includes liability protection that shields you from lawsuits stemming from an accident caused by you or someone in your family. If your kids break a neighbor’s window or your dog gets into a fight, your renter’s insurance policy will pay for damages and your legal expenses.

Isn’t It Expensive?

Compared to the cost of replacing everything you own, renter’s insurance is actually extremely affordable. Most people will be able to get all the coverage they need for just a couple hundred dollars per year.
 

As a Nationwide® Insurance office, Phillip Kent Beck Agency provides industry-leading coverage to customers throughout the High Point, NC, area. They pride themselves on providing customized solutions to every customer and will take the time to find a policy tailored to your specific needs. For your free renter’s insurance quote, visit their website or call (336) 434-2111, and follow their Facebook for more news and updates.

Other Announcements, Events and Deals from Phillip Kent Beck Agency
The 5 Types of Business Insurance Your Restaurant Needs, Archdale, North Carolina
Your restaurant may be a creative outlet for you to delight diners with recipes that show off your artistic flair. However, it’s still a commercial enterprise, and to be success...read more
3 Types of Insurance Business Owners Often Overlook, Archdale, North Carolina
As a business owner, you might have insurance to cover your company’s assets and a liability policy to shield you from lawsuits, but sometimes a risk falls in between coverage scenar...read more
Top 4 Questions About Auto Insurance for Business Vehicles, Archdale, North Carolina
Entrepreneurs who rely on business vehicles to transport their products and make deliveries understand how valuable their fleet is for sales and profits. Just as important is having ...read more
3 Common Insurance Questions for Small Businesses, Archdale, North Carolina
As a small business owner, you know that protecting your enterprise is crucial. Securing the right insurance coverage is vital to this cause because it protects you against personal ...read more
5 Factors That Influence Car Insurance Rates, Archdale, North Carolina
The state of North Carolina requires drivers to register their vehicles and maintain certain minimum amounts of auto insurance. However, not every driver pays the same premiums,...read more