Renters insurance provides financial protection in the event of a covered incident. If you rent an apartment, having renters insurance can save you money should you need to replace your belongings due to events like a fire or theft. If you need renters insurance, the professionals at Pethel Insurance Group servicing Kannapolis, NC can help. If your roommate also needs renters insurance, we can provide answers to help both of you get the coverage you need.
What Does Renters Insurance Cover?
Renters insurance covers the repair or replacement of belongings when a covered event occurs. For example, if a kitchen fire damages your apartment, your renter’s insurance will pay to repair or replace damaged belongings.
Every policy is different, but standard renters insurance typically covers events such as:
- Windstorm
- Fire
- Smoke
- Theft
- Vandalism
- Explosion
- Lightning
Your renter’s insurance policy may also cover certain types of water damage.
Will It Cover My Roommate’s Stuff?
If your roommate’s items are damaged in a covered event, they will not be covered by your renter’s insurance policy unless your roommate has been added to your policy. Most insurance companies require roommates to have their own separate insurance policy.
My Roommate Wants Insurance – What Should They Do?
If your roommate is interested in renters insurance, you can provide them with the contact information for Pethel Insurance Group servicing Kannapolis, NC. We offer renters insurance to clients who want to protect their belongings during a covered event. We work with a range of insurance carriers to make this possible so you and your roommate can find the best policy for their needs. Call today.
