Is renters insurance required in Asheville, NC?

Asheville, NC is one of the prettiest places to live in the United States. Nestled in the Blue Ridge Mountains, it is home to vineyards, Biltmore, and countless local markets. Being a renter in Asheville offers endless possibilities and unfortunately, like everywhere else, there are risks that could damage or destroy your rental. At Asheville Insurance Center we are a family-owned independent insurance company with many years of experience.

Having renters insurance is not mandated by the state of North Carolina or the city of Asheville. It is optional coverage. It is possible that a landlord or management company may require that you carry renters insurance, but in general, you don’t need to carry it. 

Is it a good idea not to have renters insurance? No, it isn’t. In spite of that, more than 60% of renters don’t have it. Given how affordable it is, that doesn’t make good sense. Some renters are under the impression that they don’t need renters insurance, that their landlord has insurance that covers them. This is misinformation. Your landlord does have insurance without doubt, but their insurance is to protect their building and that does not include your contents. 

Renters insurance in most cases includes three types of coverage. 

  • Contents
  • Liability
  • Loss of use

Content coverage like all similar insurance comes in two types; replacement cost and actual value. You decide what kind of coverage you want. Liability protects you in the event someone is injured while visiting your rental or by a member of your family. It pays for medical expenses, a judgment against you, and legal fees. Loss of use will help you to pay for a place to stay when your rental is not habitable. It also pays for food as needed. 

Contact Asheville Insurance Center in Asheville, NC for all your renters’ insurance needs.