180 homeless after fire near Myrtle Beach, reinforces importance - WCBD-TV: News, Weather, and Sports for Charleston, SC

180 homeless after fire near Myrtle Beach, reinforces importance of renter's insurance

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Firefighters are still on the scene in Carolina Forest near Myrtle Beach after a weekend fire left close to 200 people homeless. The fire destroyed more than 25 buildings including more than 100 apartment units.

In the aftermath of such a horrifying incident there is a reminder about the importance of protecting your property with renter's insurance.

It is estimated that 3 out of every 10 people do not have renter's insurance. The reasons vary from concerns about expenses to disbelief that it is even necessary.

"Renter's insurance is very inexpensive. It's almost like purchasing a DVD. The average renter's policy costs about $200 a year," Mount Pleasant State Farm agent Scott Walker said.

If choosing to get the insurance, renters should make an inventory list of all important items. But, there is only a certain amount of coverage under the renter's policy. Renters may need a separate policy called a "personal articles" policy. It is for full coverage on specific expensive items.

"Usually jewelry or furs... like an engagement ring or a fur coat. Even some antique paintings. Something that is valuable to you," Walker said.

Some apartments are now requiring insurance. Renters should make sure it is not just landlord insurance.

"That usually covers the outside or the physical structure that you may be renting. It doesn't cover your personal items," Walker said.

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