Questions About College Student Renters Insurance In Raleigh, NC

Raleigh has a wide variety of educational opportunities, so we get a ton of questions about college student renters insurance in Raleigh.

Fortunately, the coverage is easy to understand and we’re always happy to answer questions.  This isn’t quite an FAQ, but it will cover a few of the most common questions we get.  If you have more questions, use our web chat or give us a call – as the renters insurance experts, we’re happy to take the time to answer your questions and make sure you understand your Raleigh, NC Renters Insurance.

Is College Student Renters Insurance In Raleigh, NC Expensive?

Nope.  The national average is about fifteen dollars a month, and in Raleigh you’re likely to pay less than that.  You’re also likely to pay it for the year, because who wants to get a monthly bill for ten bucks?  It just makes sense to pay it for the year.  And don’t worry, if your lease is for nine months, just let us know when you move and remaining unearned premium that you’ve paid can be refunded to you!

Do College Students Need Personal Property Coverage On Renters Insurance In Raleigh?

Well, have you seen the cost of a new phone off contract lately?  Or have you seen the total amount you spent on textbooks this semester?  What about replacing your laptop if it’s stolen?  All of these are very real risks that could set you back by thousands or even tens of thousands of dollars.  If you have personal property coverage with the replacement cost endorsement, a claim would pay you the amount you need to replace that textbook or laptop with a new item of like kind and quality.  If you just have liability coverage, or you set your deductible too high to save money, you’re not in a good position after a loss.

Can Paying A Renters Insurance Bill Help Build Credit For College Students?

Nope.  We don’t know where this myth originated, but it’s a myth nonetheless.  The only thing that builds credit is when people extend you credit.  In other words, insurance, utilities, cell phones, none of those things build credit because they’re not lending you money.  Paying your rent doesn’t build credit either, for the same reason.

You will find that if you build your credit it will help to improve the cost of your renters insurance, because there’s something called a credit-based insurance score that can impact price.  Its impact is pretty minimal on Raleigh Renters Insurance in most cases, but it definitely has an effect.

Can I Share A North Carolina Renters Insurance Policy With Roommates?

No.  Generally you each should have your own.  That means you’ll each get a claim check made out in only your name, you’ll each have the full limits of your own policy available in the event of a loss, and you’ll each have the full liability coverage of your policy if it’s needed.  The policy forms most carriers use in North Carolina don’t contemplate roommates, and the best practice is for everyone to get their own policy.  But that’s not a burden, because the policies are so affordable.  You can even all sit down at one computer and buy renters insurance online in sixty seconds each!

To find out more about how to get covered, or to get answers to questions about college student renters insurance in Raleigh, just call the insurance experts for NC renters at (800)892-4308 or click to get covered - whether you need Raleigh renters insurance quotes online or coverage anywhere else!

Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.

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Photo Credit: James Willamor Raleigh, NC CC BY SA 2.0