Renters Insurance in North Carolina

North Carolina has a history of small-town settlement. While cities like Charlotte, Wilmington, Durham, and Greensboro make up a large amount of the state’s urban population, North Carolina has an abundance of small towns. Naturally, it does not matter if you live in the Smokies or along the Coastal Plane, your house is your home and your possessions are worth protecting, renter or not.

If you have recently moved into a new rental, it is time to consider buying renters insurance. Since North Carolina experiences hurricanes and other extreme weather events, houses and flats in the country are at an elevated risk of harm, and so are your possessions. Though it is not mandatory, having tenant’s insurance ensures your possessions are protected from specific catastrophic events.

How much does renter’s insurance cost in North Carolina? (Good news!)

Thanks to the North Carolina Insurance Commissions Office, renter’s insurance in North Carolina is among the cheapest in the USA. The rating bureau regulates the prices an insurance company can bill by setting the maximum rates each company is allowed to charge for each policy. This is great news for consumers as you will know immediately how much you will pay at worse and is a refreshing breath of certainty in an otherwise highly variable system.


However, companies are still allowed to charge more than this amount. How they do this is through a “consent to rate” document. If for one reason or another an insurer finds you too risky to insure, they may send you this document which essentially asks for your permission to be charged higher than the ones set by your insurance commissioner. As always, we recommend reading every single document from your insurer, and clarifying with a trusted representative, friend, or family member what certain clauses mean if you are uncertain.  

This is a unique quirk to North Carolina’s insurance law.

Renters insurance is economical in many areas as it is not covering the structure of the dwelling. Thanks to the regulation, it even less costly in North Carolina due to the unique system of price regulation just mentioned. The national average price for tenants insurance is $15-$20 a month. In North C, renters insurance prices range from $10-$12 per month in most cases. For this price, you get the same high quality of coverage from other more expensive national providers!

If you need help picking an insurance provider, we recommend using SuperMoney’s smart search option to choose a provider that can best fit your needs.

What is Covered in North Carolinian Renters Insurance


Private Property

Separately, your possessions may not look as though they cost a good deal. In the case of a catastrophe like a house fire, you might quickly find that your possessions are more valuable than you may have thought. Luckily, the private property policy of your tenant’s insurance North Carolina lets you replace them with no hefty expenses.


Private property coverage covers the expense of mending or restoring personal belongings affected by unforeseen incidents like storms, theft, and breakage. It includes practically everything in your rental home, from furniture to your clothes.


However, there are limitations like any other policy; namely, it cannot cover the entirety of your lost or damaged belongings. Various possessions, like jewellery, for instance, may require extra coverage.


By moving over the tenant’s or renter’s insurance coverage, you’ll have the ability to decide on a personal property policy limit that’s suitable for your financial situation. You have to place the maximum quantity of coverage and what the coverage might or might not insure. Besides, you get to determine the kind of coverage you’ll get: cash value or replacement price. (link)



Fire, hurricanes, water leakage, theft, and destruction aren’t the only surprising things that might happen in your leased house. You could also encounter accidents that result in injury or harm to property. Sometimes, you may be legally accountable for medical bills or fixed expenses. The liability policy of your tenant’s insurance can allow you to pay for these expenditures without it hurting.


As an example, at the time of publication my bicycle got stolen a ridiculously short time after I purchased it, despite securely locking it up.

After following all the steps and submitting what I needed, my bank account bounced back, and it was like the theft never happened. Contents insurance saved my butt!


Another type of coverage included is liability coverage. Liability coverage is a sort of security that usually includes the tenant’s insurance coverage. It shoulders the fixed costs once you inadvertently damage another individual’s property. Additionally, it absorbs and takes on the medical expenses of a guest whose injuries have been sustained on your rental home.


Liability policies generally have a fixed limit and a specific scope and do not bail you out no matter what the problem is (as nice as that would be), so be sure to check before you commit.

Additional Living Expenses Coverage

Unexpected events, like fire or water damage, can make your rental house uninhabitable. In these scenarios, you need to search for a temporary place to save or spend more on food than you usually would. Your renter’s insurance might consist of extra living expenses policy to shoulder these expenses.

These might consist of hotel bills or food costs or restaurant foods, storage charges, and other relevant added expenses. The policy alleviates the weight and anxiety of not remaining in your place.


Your renter’s insurance protects your possessions through private property, liability, and other living expenses policy. Remember, it doesn’t pay for the actual building you’re staying in. Your landlord is the only accountable for protecting the arrangement so that it isn’t comprised in the tenant’s insurance plan.

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