Renters Insurance in Henderson and Asheville, NC

Belongings Hold Memories. Make Sure They’re Safe.

As a renter, even though you may not be responsible for insuring the physical structure of your rental, you probably have personal items that need protecting, and it’s unlikely your landlord will insure these belongings. Renters insurance can protect your belongings in a covered event such as fire, smoke, vandalism, theft or water damage. 

What Is Renters Insurance? 
Renters insurance usually provides liability and property damage coverage. The liability portion of your renters insurance policy can help protect against claims of third-party bodily injury or property damage that you or another person listed as insured on your policy may cause. It can also help pay for medical bills if someone has an injury in your home. The property damage portion of your renters insurance can help protect your personal belongings.  

Two personal property coverage options are available with renters insurance: replacement cost value or actual cash value. If you insure at replacement cost value, you can replace your purchased belongings at today’s prices. If you opt for the actual cash value, you can get the replacement cash value minus depreciation at the time of your loss.  

Some renters insurance policies also will pay the reasonable costs of temporarily living away from your home if you must move out due to a fire, severe storm or another insured disaster. Your policy may cover hotel bills, temporary rentals, restaurant meals and other living expenses. We can help you explore your policy inclusions. 

How Much Insurance Do I Need? 
The amount of your renters insurance depends on the value of your belongings and what you want to insure. There is no required amount since coverage is optional, but you can obtain a suitable amount of coverage by properly valuing your belongings.  

To get appropriate coverage, it’s a good idea to inventory your personal belongings, adding up the value of everything you’d want to replace if it were damaged or stolen. If possible, record model numbers, dates and places you purchased items and take photographs or videos of your items. Store a copy in a safe place away from your home. 

Renters insurance typically doesn’t cover floods, earthquakes or routine wear and tear. Depending on your needs, you may need to buy separate insurance policies for flood and earthquake damage. 

How to Get Renters Insurance 
At Barnette and Coates Insurance, we can help you with renters insurance that gives you the protection you need for your belongings. Call us today at 828-692-8277 to get the insurance you need for peace of mind.