For the price of a weeks worth of coffee (or less) a renters insurance policy can be purchased through your existing auto insurance coverage for roughly $240 per year; that's approximately $20 a month.
Policies typically cover the following:
Loss of personal property stemming from unforeseen circumstances
Liability coverage for damages - when something you own causes damages to another persons property
Theft protection - replacement expenses for stolen property during a burglary
Displacement - should your home become uninhabitable due to a fire, flood, etc.
In North Carolina, landlords can require tenants to purchase renters insurance as part of their lease. Not only is renters insurance inexpensive, it protects both parties in the event of damage to the dwelling. A landlord's homeowner policy does not cover damage to your belongings or provide alternative housing if you are displaced.
What to consider when purchasing renters insurance?
What do you own
What type of coverage do you have
How much will it cost to replace your belongings
What about liability
Check with your insurance provider today to see how much coverage you need and how much will it cost you. Should a tragic event occur, you'll be grateful you did.