How much does renters insurance generally cost in North Carolina?
Renters insurance in North Carolina can cost as little as $16 a month (or $194 per year) for around $35,0001 in coverage, according to a 2023 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). Keep in mind that insurance premiums in most states have changed since then. Also, your cost may be different, depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your location.
What does North Carolina renters insurance typically cover?
Typically, renters insurance policies in North Carolina can provide coverage against damage to or loss of personal belongings if caused by events such as:
- Windstorms
- Hail
- Lightning strikes
- Fire
- Vandalism and theft
- Explosions
- Falling objects
- The weight of snow or ice
Flooding — a common risk in North Carolina — is not covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available for renters.
Is renters insurance required in North Carolina?
No state laws require you to have renters insurance in North Carolina. However, landlords can require you to have a renters policy as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance provides coverage for the building itself, but this likely does not include your personal belongings.
Is renters insurance beneficial?
Even if you don’t own a lot, what you do have can be worth protecting. If you splurged on a high-end bike and it disappears from the rack outside your favorite cafe, renters insurance can help pay to replace it. Without renters insurance, repairing or replacing your belongings is up to you if something happens.
Dogwood
The true flower of a dogwood is yellow-green and insignificant. The beautiful white or pink blooms we admire are actually the bracts. — University of Kentucky Department of Agriculture
More coverage options in North Carolina
Auto Insurance
Find out minimum state requirements for auto insurance in North Carolina, available discounts and more.
Home Insurance
Learn about home insurance in North Carolina, available discounts and more.
Learn From Experience
Do you have more questions about renters insurance? We have answers.
Would Renters Insurance Be Worth It if I Don't Own Much?
Even though you’re just getting started, your personal possessions are probably worth more than you realize. Now imagine you have to run out and replace everything at today’s prices. That’s going to be a very expensive shopping trip — unless you have renters insurance to help cover the cost.
Does Renters Insurance Cover Theft?
Your renters policy helps cover the contents of your apartment for a number of perils — including theft. If someone walks off with your laptop or sound system, your policy can help cover the cost to go out and buy a new one.
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