Best Renter's Insurance Companies in Augusta

FAQs

• How does a renters’ insurance policy differ from your landlord’s insurance policy in Augusta?

  Your renters' insurance only protects what belongs to you, and the landlord's insurance what belongs to them. Your renter’s insurance policy pays for your damaged personal belongings, liability to others when injured on the rented property, and additional living expenses when the rented property in Augusta becomes uninhabitable due to damage. Meanwhile, the landlord’s insurance takes care of damage to the dwelling/building itself and their belongings on the property. It will not pay for the tenant's losses.

• How much do tenants in Augusta pay for renters’ insurance?

  According to data analyzed by financial research company Value Penguin, the average monthly cost of a renters’ insurance policy in Georgia is $27. This is significantly higher than the national average of $18. The price of renters’ insurance in Augusta is among the highest in the state at $320 per year. Warner Robins has the lowest average annual cost at only $281.

• If you share an apartment in Augusta, will your renters’ insurance policy also cover your roommate’s belongings?

  Only the personal belongings of the policyholder are covered. Most insurance companies in Augusta do not cover roommates unless they are related to you, like your spouse or child. The insurer may allow you to add roommates to your policy, but it's not advisable, especially if one roommate has more belongings or expensive items. Claiming reimbursement for these items may use the shared coverage limits, leaving little protection for the other roommate's belongings.

• Is having renters’ insurance enough protection if you have high-value belongings like art and collectibles in your rented condo in Augusta?

  The standard renters’ insurance policy does cover expensive items like art, collectibles, and jewelry, but only up to a certain amount. If the value of your luxury goods exceeds your policy’s limits, you can purchase a “rider” or “endorsement” specifically designed to insure high-value items at their full value. The insurer may require each of your art or collectibles to be appraised before providing coverage. This rider is not offered by all insurers in Augusta.

• Does your renters' insurance policy cover personal items you bring with you when you travel outside of Augusta?

  Yes. In general, renters’ insurance policies include off-premises coverage. If your luggage gets stolen while traveling, your insurer can compensate you for the loss. Your renters’ insurance also covers the personal belongings you have in your car. So, if your laptop gets stolen from your car while parked in your office building in Augusta, you can claim reimbursement. Some insurers extend this coverage to items you have transferred into a storage unit.