RENTER'S INSURANCE
What You Should Know
None of us expect or want an unfortunate event to happen to us, but we can prepare ourselves in case something does occur. Renter's insurance offers peace of mind and allows you to relax and enjoy the things you care about most.
What is renter's insurance? Renter's insurance is insurance coverage designed specifically for renters. NCA Properties' insurance does not cover your personal belongings in the event of a disaster. If you do not currently have a renter's insurance policy, we highly recommend purchasing one.
What does renter's insurance cover and how much does it cost?
Policies can cover a variety of events including fire, lightning strike, vandalism and theft, to name a few. Prices vary, but most renters can obtain a policy for as little as $12 a month. Your premium will vary depending on the amount and type of coverage you choose. We recommend purchasing a policy that includes liability insurance.
Why is liability insurance important?
Liability insurance provides financial protection to you when you accidentally damage or destroy the property. For example, if you are at fault for a fire, then you are financially responsible for the damage to your apartment and any other apartments damaged by the fire. Unfortunately, accidents occur and liability due to resident negligence falls upon the resident. One unfortunate accident can make you liable for thousands of dollars.
How can I obtain renter's insurance?
You can usually obtain renter's insurance through the same company that provides your automobile insurance.