The Importance of Having Renter's Insurance (For Tenants)

John Doss • August 25, 2024

Protection for Your Personal Property

One of the primary benefits of renters insurance is coverage for your personal belongings. Contrary to popular belief, the landlord’s insurance policy does NOT cover your personal property. Many tenants underestimate the value of their possessions, but when you add up the cost of your clothing, furniture, electronics, and other items, it can quickly amount to thousands of dollars.
  • Renters insurance typically covers losses to your personal property from a wide range of perils, including:
  • Fire or lightning
  • Windstorm or hail
  • Theft
  • Vandalism
  • Smoke damage
  • Water damage from plumbing issues
Without insurance, you'd have to pay out of pocket to replace these items if they're damaged or stolen. Your landlord's property insurance does not cover your personal belongings.

Liability Coverage

Renters insurance provides liability protection, which is often overlooked but extremely valuable. If someone is injured while visiting your rented home, you could be held liable for their medical expenses and other damages. Your policy can cover these costs and provide legal defense if you're sued. If you have a pet, make sure your insurance agent is aware, and ensure that your policy includes protection in the event your pet was to bite someone.



Emergency Living Accommodations

If your rental becomes uninhabitable due to a covered event (like a fire), renters insurance can cover the cost of temporary housing and additional living expenses. This can be a financial lifesaver in emergency situations.



Affordability

One of the most compelling reasons to get renters insurance is its affordability. The average policy costs between $15 to $30 per month, making it a relatively small expense for the protection it provides.



Coverage Beyond Your Home

Renters insurance often provides coverage for your belongings even when they're not in your home. For example, if your laptop is stolen while you're traveling, it may be covered by your policy.


Potential Discounts

Some insurance companies offer discounts if you bundle renters insurance with other policies, like auto insurance. This can make the already affordable coverage even more cost-effective.


In conclusion, renters insurance is a small investment that can provide significant financial protection and peace of mind. Given its affordability and the comprehensive coverage it offers, it's a wise choice for any tenant looking to safeguard their belongings and financial well-being.

Get Ready for Winter: Preparing Your Home for Inclement Winter Weather

By Alina Spaulding • July 6, 2025
As winter approaches, it’s time to make sure your home is ready for whatever the season brings. Whether you’re new to North Carolina winters or a seasoned pro, a little preparation goes a long way in keeping you safe, warm, and comfortable. Here’s how you can get your single-family rental home winter-ready—and avoid some of the most common cold-weather headaches. 

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By John Doss • July 6, 2025
Summer in North Carolina often means sunny days and warm evenings, but it can also bring sudden, powerful thunderstorms. These storms can pop up quickly and sometimes come with strong winds, heavy rain, lightning, and even hail. Preparing your home ahead of time helps keep you, your family, and your belongings safe—while also protecting the property. Here’s how you can get ready for whatever the summer skies bring.

Spring Cleaning for Residents: A Thorough Guide & To-Do List

By John Doss • July 6, 2025
Spring is the perfect season to refresh your living space, improve air quality, and fulfill lease obligations that help protect your security deposit. For tenants in single-family homes, spring cleaning goes beyond surface tidying—it’s about deep cleaning, organizing, and ensuring your home is in top shape. Here’s a comprehensive guide and actionable checklist to help you tackle spring cleaning efficiently.

Summer Maintenance: Protecting Your Investment & Keeping Tenants Satisfied

By John Doss • June 25, 2025
As we move into the heart of summer here in Greensboro, NC, property owners and managers have a unique set of challenges—and opportunities—to keep their investments running smoothly. At Doss & Spaulding Properties, we believe proactive summer maintenance is not just about fixing problems, but about creating long-term value and tenant satisfaction. 

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By John Doss • June 16, 2025
Student housing has long been a unique and attractive niche within the real estate investment world. With the steady influx of college students each year and the potential for higher-than-average returns, it’s no wonder many investors are drawn to properties near universities and colleges. However, student housing also comes with its own set of challenges and risks. Here’s a detailed look at the pros and cons of investing in student housing to help you decide if it fits your investment strategy. 

Creating a Pet-Friendly Rental Policy Without Sacrificing Your Investment

By John Doss • June 16, 2025
With nearly three-quarters of renters in the U.S. owning pets, offering a pet-friendly rental can give your property a significant edge in the market. Pet-friendly rentals attract more applicants, boost occupancy rates, and foster longer tenancies—especially among working professionals and families. However, opening your doors to pets also introduces risks like property damage, noise, and liability concerns. The key is to craft a smart, balanced pet policy that protects your investment while welcoming responsible pet owners. 

The Pros & Cons of Furnished vs Unfurnished Rentals

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How to Market Your Rental Property Online for Maximum Exposure

By John Doss • May 25, 2025
In today’s digital-first rental market, getting your property noticed online is essential for attracting quality tenants quickly. While hiring a professional property management company is the most effective way to maximize your property’s exposure and streamline the leasing process, many landlords choose to manage marketing themselves. If you’re taking the DIY approach, here’s how to ensure your rental stands out and reaches the right audience. 

Tips for Long-Distance Landlords: Managing Properties from Afar

By John Doss • May 25, 2025
Being a long-distance landlord can be both rewarding and challenging. Whether you’ve relocated, invested out-of-state, or simply want to expand your portfolio beyond your local area, managing rental properties remotely requires a strategic approach. The most advisable option for long-distance landlords is to hire a reputable local property management company. A professional manager can handle tenant relations, maintenance, emergencies, and legal compliance—giving you peace of mind and freeing up your time. However, if you intend on managing your property yourself, here are the key things you should keep in mind to ensure your investment stays secure and your tenants remain satisfied:

Basic Landlord Rights in North Carolina: What Every Owner Should Know

By John Doss • May 11, 2025
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