Best Renter's Insurance Companies in Fargo

FAQs

• What is a special coverage limit on a renter's insurance policy in Fargo?

  Boats, firearms, fur, silverware, and jewelry are typically subject to a special coverage limit under the Fargo renter's insurance. The limit also applies to the theft of collectibles such as comic books, stamps, and trading cards. Special coverage limits apply to traveler's checks, gift cards, and securities. The limit can range from $1000 to $2500, depending on the item covered.

• Does renter's insurance in Fargo also cover family members?

  Yes, Fargo renter's insurance covers the insured and their household. This means that the insured and their family members can obtain coverage for personal belongings losses as well as liability claims involving property damage and bodily injury. For instance, if the insured's child inadvertently damages a neighbor's expensive rug, the insurance will cover the cost of the damage.

• Is flood damage covered by renter's insurance in Fargo?

  Not at all. Most renter's insurance policies exclude flood damage. For the aforementioned coverage, a separate flood insurance policy must be purchased. The National Flood Insurance Program may be able to provide low-cost insurance to renters. Contact the FEMA Mapping and Insurance eXchange Center at 877-336-2627 for more information on such insurance. For more information on flooding, contact the city's Engineering Department at 701-241-1545 or visit its office at City Hall, 225 4th Street, North Fargo, ND 58102.

• Does identity theft protection qualify as a provision of renter's insurance in Fargo?

  Most standard Fargo renter's insurance policies do not cover identity theft losses. However, any standard policy can include identity theft coverage by adding an endorsement, which can cost up to $25 per year. When the insured reclaims their stolen identity, the endorsement provides financial benefits. Notary fees and the cost of sending dispute letters to credit bureaus are examples of such expenses.

• Is a renter's personal belongings in storage covered if they move to another location in Fargo?

  Yes, personal belongings deposited in a Fargo storage unit are covered by renter's insurance. Nonetheless, the items may only be covered up to a certain limit, which could be a fixed dollar amount or a percentage of total coverage for all personal belongings. In general, renter's insurance can provide financial protection for the insured's belongings, no matter where they are in the world.