Best Renter's Insurance Companies in Greenville

FAQs

• Which kinds of renters' insurance policies are available for purchase in Greenville?

  There are two kinds of renters' insurance policies available in Greenville: actual cash value and replacement cost. Up to the coverage maximum, actual cash value pays to replace your belongings less a depreciation reduction. In contrast, replacement cost pays the whole cost of replacing your belongings up to the policy's maximum, without taking depreciation into account.

• If your landlord does not insist that you purchase renters' insurance, do you still need to have one in Greenville?

  Yes. Just because your landlord in Greenville doesn't demand it doesn't mean you don't need renters' insurance. Never forget that having renters' insurance can help you avoid losing thousands of dollars in the case of an emergency or accident. Loss of personal belongings, medical costs, living expenses until your home or flat is deemed habitable again, and third-party injury liability are all covered by renters' insurance.

• Will your Greenville renters' insurance cover the cost of a new TV if an earthquake destroys your old one?

  No. Standard renters' insurance policies in Greenville do not cover earthquakes, so if an earthquake destroys your old TV, your coverage usually does not pay for a new television. However, if you have additional earthquake coverage via an endorsement or a separate policy, your renters' insurance will pay for this kind of damage.

• When does your renters' insurance in Greenville not cover your bicycle?

  Renters' insurance in Greenville does not cover losses or damages to your bicycle that do not fall within the named hazards. Examples of such losses and damages include regular wear and tear, inadequate bike maintenance, and flood damage. Similarly, if you overexpose your bike to severe weather and damage the paint, your renters' insurance will not pay for the repairs.

• If poor weather causes a tree to fall on your rental property and destroys your personal possessions, can your Greenville renters' insurance cover the loss?

  Yes. Renters' insurance in Greenville would cover any harm a fallen tree might have caused to your personal property. In the event that your house becomes uninhabitable, your renters' insurance will also cover your expenses for temporary accommodation. Renters' insurance will not, however, cover any damage to the physical building; instead, your landlord's insurance policy will take care of it.