Renters insurance in Matthews, NC, can help cover the cost of replacing personal belongings or temporary housing if your home becomes uninhabitable due to damage from a covered peril. While renters’ insurance may cover hurricane damage, coverage often depends on several factors.

What Are Covered Perils?

Companies like Jim Boyce Insurance typically provide a list of covered perils, which are specific events your policy covers. Commonly covered events include damage caused by hurricanes, such as wind and water damage. However, it’s important to note that there are exclusions to this coverage.

What Are Common Exclusions?

Many renters’ insurance policies exclude damage caused by storm surges and flooding, even if these result from a hurricane. Some policies also exclude damage from named storms, requiring you to purchase additional coverage due to the severity of the damage. To avoid surprises, it’s essential to speak with an agent to understand what your policy covers before hurricane season begins.

Coverage can vary by company. Some insurers allow you to purchase additional coverage, while others may cover damage from any weather-related incident as long as it doesn’t exceed your coverage limits.

What Are Coverage Limits?

Every renters’ insurance policy has coverage limits, which are the maximum amount the insurer will pay for damages. For example, if your personal property sustains $26,000 worth of damage but your policy’s coverage limit is $10,000, the insurer will only pay $10,000.

To ensure adequate coverage, it’s important to create a list of your belongings and their replacement costs. Most policies reimburse the replacement cost rather than the item’s actual value. Once you’ve compiled your list, contact Jim Boyce Insurance. Our agents can help you secure the coverage you need. We proudly serve the Matthews, NC, area.