The process of renting a home calls for a variety of costs and fees, which you may be correctly curious about. Some fees or utilities, such as electricity and water bills, may be provided by your landlord. Others, such as renters insurance, will depend on the lease you are signing. As an Atlanta moving and storage service provider, we wanted to discuss how renters insurance in the state of Georgia works and answer some general questions you may have.
Is Renters Insurance Required in Georgia?
Renters insurance is not mandated by any state. What states do mandate, however, is that you follow the terms of the lease laid out by your landlord. In most cases, landlords will require renters insurance from the renter. Make sure to carefully read your lease to see whether your landlord requires it, or contact your landlord to ask. Generally speaking, expect it to be a part of your lease requirements.
What Does Renters Insurance Cover?
Rental insurance coverage will depend on the provider and plan you select, though there are some general areas that most providers cover.
Personal Possessions Coverage
Most renters insurance providers will give you personal possessions coverage, which may reimburse you for your possessions and items if they are lost or destroyed in situations such as a fire or natural disaster. Insurances vary in the amount reimbursed and which items qualify for reimbursement, so be sure to check into your provider’s coverage specifications.
Liability protection covers injuries sustained in your home or apartment. Liability protection varies by provider. Make sure to view the specifications and coverage of your provider.
Accidental damage coverage covers any accidental damage that occurs on the property. Coverage and specifications differ by provider, with some providers even covering accidental damage occurring to a neighbor’s property that you are responsible for.
Additional Living Expenses
In case of a situation where you must vacate your home for some time, such as for renovations or exterminator visits, additional living expenses coverage would assist or fully cover the cost of these additional living expenses.
Pet liability covers some or all of the cost of pet-related bodily injury sustained on the property or property damage. Some exotic pets may be excluded from this coverage. While you will, of course, not have to pay for this coverage if you don’t own pets, some landlords will require it for renters that do have pets.
How Much Does Renters Insurance Cost in Georgia?
As of July 2021, the average cost of renters insurance in Georgia is $25 a month.1 This can change based on what provider and coverage options you select or are required to select by your landlord.
Moving to Atlanta, Georgia
While we cannot provide you with renters insurance, our qualified specialists can provide you with expert moving, packing, and storage services in the Atlanta, Georgia, area. Whether you are moving to or from Atlanta, and whether you require local or long-distance moving services, the Pack It Up Moving and Storage experts can provide you with secure, safe, and affordable solutions.
Our more than twenty years of experience in the industry allows us to carefully and quickly pack, store, and move even your most delicate belongings. We even specialize in hard-to-move items, such as our piano moving services to the greater Atlanta area. Contact us today for a hassle-free move.