(NC) If you’re renting, you may not realize that your landlord’s insurance policy won’t cover your property and personal belongings if a fire or other damaging incident happens. Only tenant insurance can do that.
To make sure you’re covered, you’ll need a policy that suits your unique needs. Here’s what you should keep in mind if you’re buying tenant insurance:
You’re worth more than you think. Many people underestimate the value of their belongings, sometimes thinking they don’t need to insure them at all. To understand the true value of your possessions, start by taking inventory of everything you own. Their costs will add up quickly.
Know what you need to be covered. Not every insurance policy is the same, and getting the wrong policy could leave you exposed. For example, a policy that covers flooding or water damage or insures your bicycle may be a priority. Insurance providers like Belairdirect make it very easy to understand what’s covered and what’s not and will help you navigate your needs.
Subletting doesn’t let you off the hook. Even if you are subletting instead of renting, you still need to ensure your belongings are insured. That could mean getting your own policy or being added to the original tenant’s policy; speaking with an insurance provider can help you figure that out.
Find more information online at belairdirect.com.
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