Welcome to our Durham, NC renters insurance guide. With only forty-four percent of renters having renters insurance, Effective Coverage is committed to educating renters about the importance of insurance. Our North Carolina Renters Insurance is just one of the many policies we offer. Did you know that the national average cost for a renters insurance policy is just $180 a year, and it’s even less in NC? Call Effective Coverage, the only full service insurance provider in the country dedicated specifically to renters. With our expertise, knowledge, and core values, we’ll make sure that you receive an affordable quote in less than 5 minutes.
We’ve worked hard to create multiple guides to educate renters of the importance of renters insurance. Residents deserve to be protected. We’ve created a unique page for each state in the country, along with guides for over 100 cities. Catastrophe can occur, that’s why we provide affordable renters insurance in Durham to you along with your new apartment. The insurance experts here at Effective Coverage aren’t interested in selling you unrelated additional services or products because we’re passionate about giving you the protection you deserve, at the price you deserve.
Durham, NC Renters Insurance
How Much Does Durham, NC Renters Insurance Cost?
Durham, NC renters insurance is not expensive at all. While the national average cost for renters insurance is about fifteen dollars a month, renters insurance in Durham averages even less. About ten to twelve dollars a month is a fair approximation for most people. That’s right, $125 a year for renters insurance in Durham. It’s so cheap that everyone can budget renters insurance.
It’s so inexpensive that it’s often better to just pay for the policy for the year and be done with it. You often save money on renters insurance in Durham by doing that, and it’s one less bill or automatic debit to deal with on a monthly basis. $125 a year can protect your family from many different types of renters insurance perils as well as give you liability coverage. Damage from an accidental fire can easily go into the six-figure range, which is one of the reasons that liability coverage is so crucial.
Can I Get Renters Insurance In Durham If I’ve Had A Claim?
Absolutely you can get renters insurance in Durham if you’ve had a claim. While the North Carolina FAIR plan doesn’t write North Carolina Renters Insurance, only homeowners insurance, there are companies willing to take on people with a claims history. The first thing to remember is to be honest with the company. When issuing a policy, companies generally pull a report listing previous claims on both the risk location and the subject, or proposed insured. That report will show claims activity you’ve had in the past.
If you state that you have not had claims and something comes back on the CLUE report, you might actually be surcharged higher than if you had simply admitted the claim and been rated on it based on your admission. Not all companies selling Durham renters insurance will pull those reports at the time the policy is issued. Some companies will pull them in batches, weekly for example. There’s a period of time after binding the policy during which the carrier has the right to due diligence and cancel the policy for any reason, including material misrepresentation.
The only thing worse than getting denied for claims history is getting that cancellation notice because you misrepresented the risk. When that happens, you have to disclose to other carriers that your policy has been canceled by another company, and that makes the risk even less desirable. But if you’re upfront and honest about past experience, you can easily get Durham renters insurance.
If Flood Covered On Renters Insurance In Durham?
That depends on what your definition of “is” is, sir. With no Clinton-esque sidestepping, it really is a two-part answer. Water damage from broken pipes, a neighbor’s negligence, and the like is generally covered on renters insurance in Durham.
On the other hand, flood insurance is a separate product and has been for many years. Renters insurance flood coverage is not a part of the policy, though it can be added on. A flood is “water moving along the ground” such as a river that’s overflowed, or water that’s poorly drained and pools high enough to get under your door.
You can get contents flood policies to cover that risk, but the price can vary widely based on location and actual flood risk. Rest assured, however, that water damage other than flood is generally covered under your policy. One of the worst kinds of water damage is the water damage that comes with putting out a fire. That damage would be covered, as would damage from the fire itself.
Does Durham Renters Insurance Cover Theft?
Absolutely. North Carolina Renters Insurance covers theft of your personal property. The next question is where theft is covered. The answer is found in the beginning of the standard HO-4 policy form often used to write renters insurance policies. “We cover your personal property anywhere in the world.” While there are limits for items in storage or at a second home, your property is protected from theft by Durham renters insurance.
Renters insurance in Durham will cover items stolen from your vehicle as well, as long as you used due care. Don’t leave your iPad on the seat with the windows down, obviously, but if you acted reasonably and the property was still stolen, coverage could be available. This is important because theft of property from autos is almost as common as theft of property from homes, and your auto insurance will not cover that loss. Your renters insurance in Durham, however, will. Make sure you and your family are protected from one of the largest risks that people face with theft coverage.
How Can I Get Renters Insurance In Durham Since Many Companies Don’t Want To Issue Policies Anymore?
It’s actually very easy! Call Effective Coverage, and we’ll be happy to help. With direct access to underwriters who actually want your North Carolina Renters Insurance business, Effective Coverage can bind your policy in real time and get proof of coverage to your leasing office immediately.
Renting In Durham, NC
Durham is among one of North Carolina’s most booming cities with 28 percent growth in the last 15 years. Its population is currently at 240,000, and there are thousands of new affordable homes, as well. The median house value is only $174,500, and the average rent per month is $831. With plenty of great reasons to live in Durham, we agree that you made the right choice to become a resident. With its tropically warm temperatures, you won’t have to worry about snow as it will quickly melt throughout the course of the winter. Durham is a great location for the summer heat you demand.
Durham is located in the east-central part of the Piedmont region. Like much of the area, its geography is typically flat with some small hills. Durham is a great place for biking as it has a large network of bicycle routes and trails and has been recognized with a Bicycle Friendly Community Award. Don’t forget that the nationally known Eno River that passes through Durham along with several other small creeks is another great feature for boating.
The city places emphasis on quality education. It is the home of Duke University and North Carolina Central University. Duke University’s research, medical, and teaching efforts are all among the highest-ranked in both the United States and the world. In December 2007, Forbes.com ranked Durham as one of the “Top 20 Places to Educate Your Child”, Durham was the only area from North Carolina to make the list. Public schools in Durham have an amazing reputation and are run by Durham Public Schools, the eighth largest school district in North Carolina. The district runs 46 public schools, consisting of 30 elementary, 10 middle, 2 secondary, and 12 high schools.
Durham also has a rich history. North Carolina Central University is known for being a public HBCU located in the southeastern side of Durham. The University is the number 1 Public HBCU in the nation according to the U.S. News & World Report 2010 and 2011. The city is a part of the vertices for the Research Triangle area (Research Triangle Park) too, a prestigious achievement only a few cities are among.
Effective Coverage is dedicated to protecting you, and your personal property. We’re sure that you’re enjoying your new apartment in Durham, NC. That’s why you need affordable renters insurance to protect you in case of a disaster.