I’m moving, and I need to know what’s covered by renters insurance when moving. Do I need to tell the company? What coverage do I have while my property is in transit?
That’s one of the most common questions that we get, and it’s also often misunderstood. Your Greensboro, NC Renters Insurance covers you while you’re moving, but… Covers you against what, exactly?
Does My Usual Coverage Apply When Moving?
Yes. Your renters insurance offers the usual coverage and protection while moving. In fact, it can cover you at either location while you’re moving your principal residence.
If your personal property is damaged by fire, theft, vandalism, or another named peril contained in the policy, you’ll be able to replace that property. We specify that the damage has to come from a named peril beause most renters insurance covers a list of perils. That list is long, but not all-inclusive. Open perils coverage is available, and often quite affordable.
What If Movers Steal Something?
If you hire movers and they steal something, you could make a renters insurance claim. Your policy could respond to the loss. But you also could potentially make a claim on the insurance carried by the moving company. Your success there will depend on the type and amount of coverage the moving company has.
Never give your property to a moving company not insured, bonded, and licensed per your state’s requirements. It’s important to verify that coverage. A policy number painted on the side of a truck does not guarantee that the coverage is in force. Get a current certificate of insurance from the movers, or call the insurance company to verify.
Does Renters Insurance Cover If Movers Break Something?
No. Whether movers break something or you break something, there would not be coverage. That is not one of the perils renters insurance protects against.
How Do I Move My Renters Insurance Policy?
That’s easy! Just call Effective Coverage. If you move within the same state, it’s a simple address change. If you move to another state, we can rewrite the policy in your new state. Both are quick and easy changes.
Moving is a great time to review your coverage, as well. Take an inventory of your personal items, since it’s all in a box anyway. Figure out what everything is worth. Compare that number to the coverage on your renters insurance policy. Are you underinsured, or is your coverage just right?
Effective Coverage renters insurance experts can help you to determine what types of coverage might be relevant to you. We can also help you to understand the different types of coverage that are available. When working with insurance, you want to be sure to understand what’s covered. This helps to avoid surprises, because you are responsible to know what’s in the policy.
If I’m Moving In With Someone, Can I Share Their Policy?
In most states, you could be added as an additional named insured if you’re moving in together. This doesn’t usually change the price. It does mean that the policy or a check for a claim equally belong to both of you.
You should consider the amount of coverage, as well. One of you may have had adequate coverage, but by adding another person you need to cover more personal property. For more information, see our articles on renters insurance and moving in together and renters insurnace for unmarried couples.
My New Landlord Wants To Be An Additional Interest On My Renters Insurance.
This is quite common. If your new landlord wants to be an additional interest on your Greensboro, NC Renters Insurance policy, that’s perfectly normal. Additional interest just means they get notified of policy status changes. We know that you will keep your policy in force, but not everyone is quite so conscientious.
I Read Somewhere That Moving To North Carolina Means I’m Not Responsible For Damage To My Apartment. Is That True?
Well, it would be true… If your landlord had been born yesterday. What you’re referring to is NC GS § 42-10. It says, in essence, that tenants aren’t responsible for actual damage. It’s also one of the few laws under which you can contract away your rights.
You may safely assume that any residential lease in North Carolina will include a section waiving those provisions. As a result, you are responsible for accidental damages to the rental. Often, contracting away your rights is ill-advised. In this case, you probably won’t be renting an apartment without doing so. Fortunately, you’re contracting to be in the same position you would be in anywhere else, not a worse position.
Yes, you’re responsible for damages to the rental unit in most cases. That’s why you have renters insurance. Your policy pays for property damage or bodily injury that you negligently cause to others, including your landlord. It also pays to defend you against claims of damage or injury. Both have the potential to save you a great deal of money and heartbreak.
Renters insurance in North Carolina is cheaper than most other states. It’s also easy to get. Just call (800)892-4308 or click to get covered - whether you need Greensboro renters insurance quotes online or coverage anywhere else!
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