The Considerations of Renting

Renting allows you to move any time you choose, and getting renters insurance is much cheaper than home coverage. You can also experiment with housing types and neighborhoods. Getting a rental requires a few landlord checks, and buying a home involves lender approval and loans. Renting also makes the landlord liable for making repairs, while owners must handle them personally.

What To Know About Home Ownership

Owning a home allows you the freedom to change the home without landlord approval. It should also be considered that a homeowner can sell the property anytime, forcing you to move to a new home. One of the best perks of owning a home is that you are making an investment that can be sold at any time or passed on to a relative if you desire.

Home and Renters Insurance Are Essential

While renting and owning have benefits and drawbacks, having insurance is a must. Home insurance covers the owner’s interiors and exteriors to minimize out-of-pocket expenses. Renters’ insurance protects the tenants’ possessions should an incident occur. Both policies should cover the inside and outside of the home. Coverage should also protect the occupants’ belongings and persons against injuries.

Insure Rental and Homes with Exceptional Coverage

Regardless of whether you opt to rent or own, it’s important to have the correct type of insurance in place. Rental policies differ from homeowner policies, so be sure to discuss these with one of our experienced agents at Lee Insurance Agency LLC in North Carolina. We’ll help you find the coverage that best suits your needs.

Lee Insurance Agency LLC assists residents throughout North Carolina by offering them different types of insurance coverage. We strive to offer our clients personalized policies designed to help them protect their assets and make life a little bit easier.

Home Insurance

Every year, thousands of people are moving to North Carolina. If you have recently purchased a home in the state, insurance allows you to protect your investment. Home insurance covers your property if it is damaged or vandalized. Your personal items are also covered if you are a victim of theft. If you have friends over to your home, liability coverage will protect you if someone suffers an injury on your property. While you are researching different policies, avoid some of these popular home insurance myths.

Flooding Is Covered

Your policy does not cover any damage caused to your home or personal items due to flooding. You’ll have the look into another type of insurance coverage.

My Luxury Items Are Protected

This is incorrect. If you have scarce luxury items at your home, you’ll have to amend your policy to cover those items. Do not assume that those items are automatically protected if they are stolen or vandalized.

I’m Covered If I Have An Issue With Insects

It’s important that you take care of your home. Maintaining proper maintenance will decrease the likelihood of you having to deal with uninvited guests in the form of insects. Your policy does not auto cover damages caused by insects. 444444

My Policy Doesn’t Cover Natural Disasters.

This is incorrect. Your home is covered if it is damaged by a natural disaster such as a hurricane or tornado. Research your policy carefully to see if your home is covered if an earthquake or landslide occurs.