Common Questions about Renters Insurance

If you are renting in Myrtle Beach, SC, you may have questions about renters insurance.

Is renters insurance required?

Your landlord can require you to have renters insurance and it will depend on a case-by-case basis. Even if you aren’t required to have renters insurance in Myrtle Beach SC, you should still consider it for its many benefits.

What things does renters insurance cover?

Renters insurance covers more than just your belongings; many policies also cover liability if someone hurts himself or herself in your home. If you have to live away from your rental due to repairs following water damage, smoke, or fire, your insurance can cover the cost of accommodations as well. Many plans will also cover your belongings while you are on vacation or if they are in your car. An agent at Benefit Insurance Services can help you go over the fine print of your policy.

How do you determine how much coverage you should have?

Doing a home inventory and figuring out how much your stuff is worth can give you an idea of how much insurance you should have. Not having a proper inventory can hurt you in the long run and you always want to have receipts for big-ticket items and take photos.

Does your insurance also cover your roommate?

Some providers can allow you to add someone not related to you on your plan but it’s best if you and your roommate have separate policies. If you only have one policy then if a claim is made against your roommate, that will go on your insurance record as well and it could hurt you down the road.

Does renters insurance cover pets?

Those who have pets should definitely have renters insurance. If your dog bites someone, it is covered under your limits and if your pet ruins your friend’s couch, you may also have coverage. However, renters insurance won’t cover you if your pet ruins your own furniture.

Contact Benefit Insurance Services to get a quote on renters insurance.