Renters Insurance

No matter where you live in South Carolina, it’s important to have adequate renter’s insurance to protect your personal property from loss or damage. Renter’s insurance is designed especially for those individuals who don’t own their own home but are leasing their place of residence. Whether you are renting an apartment, a condo, or a house, you should seriously consider purchasing South Carolina renter’s insurance to safeguard your valued possessions in the event of theft, fire, or weather-related calamities.

Why You Need Renters Insurance in South Carolina
If you currently rent your home or apartment, you may already be aware of the importance of having renter’s insurance. A comprehensive renter’s policy protects your personal property against damages and loss in the event of fire, theft, or natural disaster. It can also provide liability coverage in the event a visitor to your home or apartment injures themselves. Many people don’t think about the consequences if this occurs, but unfortunately accidents do happen. Without the proper liability coverage, you can be sued for damages. This can put your income, your savings, your personal property and even your future wages at risk.

Often people assume that the landlord is responsible for all insurance coverage. It is true that the landlord or property owner is required to carry homeowner’s insurance on the property. But this only covers the actual structure (building) itself and the land on which it is built. The personal property which is inside the apartment or rental home is strictly the responsibility of the renter. Because of this fact, many landlords and leasing companies today require all tenants to provide proof of renter’s insurance before they can lease and move into a property.

Probably the number one reason people don’t buy renter’s insurance is because they think it will be too expensive. The fact is that most renter’s insurance policies cost between $200 and $300 for an annual premium. This breaks down to around $18-$25 per month, depending on the value of an individual’s personal belongings, where the rental property is located, and other factors. In the scheme of things, this is really a bargain. For this price you can normally get $30,000 of personal property coverage against theft, fire and natural disasters along with $100,000 of liability coverage.

Most people seriously underestimate the monetary value of their personal possessions. A great reality check is to make a complete inventory of everything you own. This includes all the big items such as furniture, appliances, electronics, etc. Then include the smaller items- dishes, glassware, CDs, DVDs, jewelry, carpets, and clothing. You will probably be amazed at the number of things you own. Then imagine having to replace all of these items out-of-pocket at today’s prices. That is exactly what you will be faced with if your personal property is lost or damaged due to theft, fire, or weather-related issues. Now you can begin to understand the importance of having an adequate renter’s insurance policy and the peace of mind which it brings.

Ways to Save on Your South Carolina Renters Insurance
There are additional ways you can save on the cost of your annual premium:

  • If you are comfortable having a higher deductible, choose this option. This means you will pay more upfront in case of loss or damage but it will keep the price of your renter’s policy lower.
  • Most insurance companies offer discounts for bundling policies. If you have all of your policies (renter’s, life, and car) with the same company, you should receive a nice discount.
  • Non-smokers generally have lower rates for renter’s insurance.
  • If your apartment or rental home has deadbolt locks, a security system, and smoke detectors, these safety features can bring down the cost of your annual premium.

Act Now
Our trained agents are available 24 hours a day to assist you in finding the best South Carolina renter’s insurance policy for the money. No one likes to think about losing their possessions to theft or fire or some other disaster. We can help you navigate through the many plans and options available so that you get the coverage you deserve at a fair price. Start enjoying the peace of mind that comes from knowing that your personal property is protected by renter’s insurance coverage. Contact us today!