Thanks for taking a few moments to review our Raleigh, NC Renters Insurance Guide. In line with our core values, we believe in educating renters on how they can get coverage quickly and easily to meet their needs. Did you know that only forty-four percent of Americans have coverage currently? With North Carolina Renters Insurance and beyond, we aim to get 40% of Americans insured with the provider of their choice by the end of 2017, through our 40% Challenge.
Effective Coverage works to bring together renters, the expertise they need, and the insurance they need in a simple, straightforward way. We’re not here to hard sell additional products and services on you, and we’re not here to sell your information. You won’t get calls from 70 different agents when you work with Effective Coverage. You’ll get strong knowledge, renters insurance wisdom, and the coverage you need at the price you deserve.
Raleigh, NC Renters Insurance
Why Do I Need Raleigh, NC Renters Insurance?
First and foremost, because your landlord requires renters insurance in Raleigh. It’s just par for the course, nearly every landlord has this requirement. It goes along with you accepting liability for the condition of the premises subject to the NC statute that requires you to either affirmatively accept liability or be absolved from it. Guess which one your landlord wants.
Beyond that, your landlord and neighbors will expect you to pay for damages caused through your negligence. Just because your apartment was the only one a fire burned doesn’t mean that everyone else in the building doesn’t have smoke and water damage! They’ll come after you for those costs, or their insurance carriers will come after you to recoup the money they paid out for those costs. You need renters insurance in Raleigh because the liability coverage protects you from those lawsuits.
On top of that, if you are sued for damages you cause through negligence, your policy doesn’t just pay the cost of the damages. Your policy also provides for defense against the claims, at the expense of the insurance company. You know how quickly legal bills can add up, and Raleigh renters insurance is a great way to protect yourself from those costs if you are sued for something you did.
Don’t forget that 95% of Americans couldn’t afford to replace all their family’s personal property if it were all destroyed in a fire or other significant loss. Renters insurance in Raleigh also provides coverage for that personal property against renters insurance perils. This means that if you suffer a loss to your personal property as a result of one of those perils, there is coverage for that property. This prevents you from having to cover that loss out of pocket, which most people simply can’t do. Property of your family and children is also covered, as well. If you’ve ever carried a diaper bag, you know just how much stuff kids need. That can be expensive to replace, and it has to be replaced quickly. That’s where your North Carolina Renters Insurance kicks in to protect you.
Do I Need Raleigh Renters Insurance If I Own A Home Somewhere Else And Have Homeowners Insurance On It?
Yes! It’s crucial to have renters insurance in Raleigh. Your coverage on the home you own elsewhere extends minimal, if any, coverage to another residence premises. In a best case scenario, you’d have ten percent of the coverage you get on your homeowners policy. In a worst case scenario, you’d have no coverage at all.
Since most landlords require renters insurance in Raleigh, you need to make sure the coverage actually applies to you. That’s why you need a separate policy for your apartment. We understand that many people divide their time between two locations for work, family, or other reasons. That can get expensive, and can lead people to wonder if they really need to spend the money for both policies. The answer is yes. Even though it can be expensive to divide your time between those two locations, it’s still important to make sure you have coverage at both of them. You wouldn’t want someone to sue you for damage you caused in Raleigh and try to take your house in Jacksonville, would you? Of course not! Having insurance coverage at both locations helps to mitigate this risk and allows you to sleep peacefully at night, knowing you’re protected.
Does Renters Insurance In Raleigh Cover Fire?
Yes! Raleigh renters insurance covers a number of perils named in the policy. Fire, theft, and vandalism are the most common ones, but there are several others as well. While fire insurance is the predecessor of modern homeowners and renters insurance, today the “broad form” covers so much more than just fire. So yes, Raleigh renters insurance covers fire along with many other perils.
Is It Hard To Find Renters Insurance In Raleigh?
Not at all! Renters insurance in Raleigh is easy to find if you work with Effective Coverage. It’s been said that property and casualty coverage is difficult in North Carolina in general, and that’s not untrue. For a variety of regulatory reasons, there are a number of big name insurance carriers who want nothing to do with single line home policies in NC. But there are also carriers that specialize in exactly that, and want that business. Effective Coverage works hard to place your business with the right insurance, at the right price. It doesn’t have to be hard to find Raleigh renters insurance, all it takes is reaching out to Effective Coverage.
Renting In Raleigh, NC
With a 53% increase in population since 2000, Raleigh is a city of explosive growth. The median home value is $210,000, just high enough to make renting an affordable choice, with a median gross rent of just $881. As the state capital of North Carolina and the Wake County seat, Raleigh has a great deal to offer its residents. The city is known for its tree lined streets, earning it the name “City of Oaks”.
North Carolina State University calls Raleigh home, and the Research Triangle area is centered on Raleigh, along with Durham and Chapel Hill. Most of the city lies in Wake County, though parts of it spread into Durham County. Nearby suburbs include Cary, Wake Forest, and Rolesville. Raleigh is one of the first planned cities in the US, laid out as a grid with the State Capitol in its midst. During the Civil War, very little damage was done here, but the economy was ravaged nonetheless. The Research Triangle has helped to boost the city’s economy and improve living conditions citywide.
Raleigh isn’t just universities and research, however. It’s also known for its culture and history. The North Carolina Museum of Art is here, as is the NC Museum of History and the NC Museum of Natural Sciences near the Capitol. Raleigh is also home to the first historically black university in the South, Shaw University. Shaw is also where the Student Nonviolent Coordinating Committee was founded, a crucial part of the civil rights movement of the 60’s. Raleigh can even lay claim to being the birthplace of a President, Andrew Jackson.
If you’re not originally from Raleigh, you might not know this, but the city gets an average of about six inches of snow each winter! Sleet and freezing rain are not unheard of, but since they’re uncommon we suggest you be careful on the roads when they do hit. Back in January of 2000, way back at the turn of the century, Raleigh had one storm drop more than twenty inches of snow on the city! Tornadoes aren’t unheard of, either, and the same goes for hurricanes. Snow, tornadoes, and hurricanes are generally all covered perils on renters insurance in Raleigh, which is one of the reasons that coverage is so important to have. Hurricanes haven’t had a major impact on Raleigh since Isabel in 2003, but ten years ago is a short enough time to still be in recent memory.
It’s easy to find the perfect home here, and it’s easy to protect it with Raleigh renters insurance. Just reach out to Effective Coverage for more information!