This has to do with the way that renters insurance (and most personal lines insurance) is regulated in North Carolina. Under the current system and the manner in which it is implemented, carriers are largely forbidden from charging prices appropriate for certain types of risk. That has led many insurance companies to stop doing business in the state altogether because it’s simply not sustainable from an actuarial standpoint. But the winds of change are blowing, and it’s possible North Carolina renters insurance consumers might have some additional options in the future. What might be changing, and why? Read on to find out more about this exciting change.
Fortunately, The Capri Apts require Phoenix Renters Insurance, but were all the affected residents in compliance? It appears not, because the Red Cross had a significant number of requests for assistance. Whether those residents weren’t covered or just weren’t familiar with their coverage is not immediately apparent. Why is that important? Read more to find out!
Even a small fire can cause a significant number of people to have to spend time in a hotel and to incur additional costs, and the coverage was crucial here. One unit at the Woodlake Apartments was heavily damaged, with most damage on the top floor of the building, but that doesn’t mean other apartments didn’t suffer and don’t need the protection that renters insurance in Albany, NY provides.