Dependable Renters’ Insurance for Residents of Raleigh-Durham, NC

Protect Your Lifestyle from Unexpected Tragedy

The Basics of Renters’ Insurance

Everyday Protection for Everyday People

Renters’ insurance in Raleigh-Durham, North Carolina, is an insurance policy specific to individuals leasing their living space. Many types of spaces are available to rent, including single-family homes, individual rooms, or townhomes. However, apartments are by far the most common kind of space insured by renters. Although unexpected damage can occur at all these locations, people living in apartment buildings are at a higher risk. While you may be overly careful about preventing catastrophe, you cannot control the actions of your neighbors. Anyone can grant access to seedy characters looking to cause mischief or allow a leak to go unattended until it has soaked through your ceiling and caused extensive damage.

Many states require building managers and landlords to have dwelling insurance that covers the building’s structure. However, this type of insurance does not pertain to anything inside the walls of your unit. That means the water damage from your neighbor’s unattended leak is now your problem, not the owner’s. It also means that you are on your own if someone breaks into your apartment or car. The building’s insurance policy does not cover your personal property; therefore, you alone are financially responsible for replacing it.

Additionally, building owners are not responsible for an injury that occurs in your unit. Say you have a guest over who is injured in some way, either by the building’s integrity or even your dog. You are held liable. Renters’ insurance intercedes if you are sued for this injury and will cover costs associated with hospital bills or court hearings.

As a renter, coverage is not just a good idea but can be the difference between a minor inconvenience and a major financial crisis. Often, leasing insurance is the cheapest and most accessible type of policy to obtain. Generally ranging between 5 and 25 dollars, there is no reason to forgo the benefits of renters’ assurance. 

Barber Insurance Agency is committed to giving you the best coverage for your money. So leave behind the risk of renters’ liability and call one of our qualified agents today.

Are You Covered?

What Renters’ Insurance Does and Does Not Cover

Renters’ insurance policies typically have three main sectors: personal property coverage, personal liability coverage, and additional living expense coverage.


Personal property coverage ensures everything you own, from a single pair of socks to a high-dollar computing system. It takes on the financial risk of theft or damage due to fire, lightning, smoke, or water damage. Most policies ensure personal property up to a certain dollar amount. If you have a large volume of high-priced items, it may be beneficial to purchase additional coverage. 

Personal Liability Coverage is one of the most critical aspects of your renters’ insurance policy. Insurance will cover the associated costs of an injury in your unit for any reason or if you damage someone else’s property. In addition, many plans include medical payments coverage in this section where harmed persons can submit medical bills directly to the insurance company instead of filing a lawsuit.

Additional Living Expense Coverage pays your bills if a covered claim displaces you from your dwelling. For example, it may cover fees associated with hotels, meals, and any other living expenses that arise while your apartment is under repair.

Not Covered

Renters’ Insurance policies are typically named peril agreements meaning they only provide coverage for risks and perils outlined explicitly in your contract. Still, there are threats excluded from coverage by name. More often than not, policies will not cover personal property damage from perils, including floods, earthquakes, pests, and intentional or nuclear damage.

Additional coverage can extend your policy’s reach if you live in an area prone to flooding or natural disasters. Insurance companies may also exclude certain breeds of dogs, such as pit bulls or german shepherds, from personal liability coverage because they are more prone to aggression.

It is also important to note here that personal property belonging to your roommate is not covered under your policy, regardless of how it is damaged or stolen.

Are You Covered? Find Out!

Cashing In On Your Renters’ Insurance Policy in Raleigh, NC

How to Get Reimbursed for Damaged or Stolen Items

An insurance payout on personal property is only as good as your ability to verify the value of your items. Keeping an updated list noting what you own, when you bought it, how much you paid, and how much it would cost to replace it today is invaluable in the event of fire or theft. It may seem excessive to keep receipts for every purchase, but this, too, will go a long way in validating your claims. Keeping a list is easy with the help of an app or computer program like google sheets. Keeping this inventory list in a safe place, like a safety deposit box or in the cloud, ensures you have access if ever needed. It is also a good idea to keep several copies in different places.  

Keep in mind that your coverage should match the value of your property. Renters’ insurance policies will only cover your belongings to a specific dollar amount; more often than not, people find their coverage insufficient. Knowing whether you have a replacement cost policy or an actual cash value policy also helps. Contracts based on actual cash value will only reimburse you for the value of an item on the day of the claim. This is because it considers depreciation, which is how much a thing is worth based on age and use, meaning that a 5-year-old computer may be worth little and, therefore, not grant enough payout to afford a replacement. Replacement cost, on the other hand, provides a payout based on what the computer was worth when you bought it, allowing you to replace it with similar quality. 

When it comes to getting the most out of your personal property coverage, you want to know the value of your things and what kind of policy you hold. Failing to do so may cause you to take on greater financial liability in the event of an accident and leave you with few options.

Frequently Asked Questions

Everything You Need to Know About Your Renters’ Insurance Policy

As with other types of coverage, renters’ insurance can come with a lot of question marks. Small details need answers before you can faithfully commit to a policy, much less an insurance agency. Leasing coverage is one of the cheapest policies to obtain compared to health, auto, or even homeowners insurance. Still, that does not make it an easy decision when so many “qualified” companies are fighting for your attention. 

Below are some of the most frequently asked questions about renters’ insurance policy concerning renters’ coverage.

The state of North Carolina does not require an individual to obtain insurance as a condition for renting. That said, leasing agents and landlords have the right to require coverage as a condition to lease.

Coverage on your rented space works for the good of both landlords and tenants. The typical landlord dwelling insurance does not cover the inside of your unit or any of your personal belongings. Requiring renters to obtain insurance protects you from financial risk or liability for an injury in your unit.

Additionally, a lesser-known reason behind requiring coverage is that it helps leasing agents determine whether a tenant can pay rent on time. 

Renters’ policies do cover accidents that happen on someone else’s property. However, because most leasing policies are named peril contracts, the damage must have been caused by an event named explicitly in your contract.

You can cancel your policy anytime; however, there are risks. Failing to maintain renters’ insurance will, more often than not, put you in violation of your lease terms and lead to your eviction. Additionally, say no one notices, and everything is going okay. If you need to file a claim, you are now at risk of being sued by the apartment owner and eviction.

Dependable Renters’ Insurance Done Right

Discover the Barber Insurance Way and Never Look Back!

Barber Insurance cares about your needs. We understand that renters have their own unique needs when it comes to coverage. So our first goal is always to help identify and educate you on those needs. From there, we build you the perfect policy so you never have to question where you stand with renters’ insurance.

We have been known in Wake County for more than 20 years as experienced, knowledgeable, and genuinely helpful insurance agents. We understand the needs of renters in Raleigh, North Carolina, well and will only stop once you are satisfied.

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