Best Renter's Insurance Companies in Charleston

FAQs

• When renting out your Charleston property, should you demand that your tenants purchase renters' insurance?

  Yes. If you own Charleston real estate and plan to rent it out, it's a good idea to insist that your tenants have the proper insurance. As a landlord, requiring renters' insurance has many benefits, such as weeding out tenants who wouldn't be eligible for an insurance policy, lowering the liability that tenants may place on you for damaged property, and assuming a large portion of the burden that would otherwise fall on you to make up for losses.

• How can you lower the cost of your renters' insurance in Charleston?

  The following actions can lower your renters' insurance premium in Charleston and free up some additional cash for spending:

  • Inquire about possible savings from your insurer.
  • To reduce your monthly premium, increase your deductible.
  • Bundle other insurance policies with your renter's insurance policy.
  • Pay your premium in full by check or once a year.
  • Ascertain the worth of your personal belongings to obtain the right policy limit.

• Is it possible for you and your roommate to share renters' insurance in Charleston?

  Yes. In Charleston, you might be able to include a roommate on your renters' insurance coverage. However, consider it carefully before doing so. You may hit your coverage restrictions sooner because you'll essentially be covering twice as many possessions. Given the low cost of renters' insurance, it makes sense for each roommate to get a separate coverage that protects their personal possessions.

• What is covered by the liability part of a Charleston renters' insurance policy?

  If someone is injured on your rental property and sues you for damages, the liability coverage of a Charleston renters' insurance policy will help cover medical expenses and legal fees. It may also cover unintentional property damage to third parties that you or your family members cause.

• Is your personal stuff in storage facilities covered by your Charleston renters' insurance?

  Yes. Up to the limits of your policy and less any deductible, Charleston renters' insurance may protect personal belongings stored in a facility from theft, weather-related damage, and vandalism. Flooding, mold, and mildew damage are usually not covered. If you ever need to file a claim, having pictures, videos, and a home inventory of the things you have in storage could be helpful.