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As a renter, your insurance needs differ from those of landlords. Often, renters lack coverage for personal property in the event of a flood. While renters aren’t responsible for structural damage, it doesn’t mean they should overlook insurance.
Does Renter’s Insurance Cover Flood Damage?
Renter’s insurance is a popular choice among renters. This insurance often covers theft and damage to personal property, such as in the event of a fire. However, many renters’ insurance policies exclude natural disasters, including floods.
Renters’ insurance may provide limited coverage. Many policies have limits that only cover a portion of your valuables, because this insurance isn’t designed to replace all your belongings. Other types of insurance can provide additional protection.
Renter’s Flood Insurance
Most renters in Folsom, CA, don’t realize they can also get renters’ flood insurance. A renter’s flood insurance policy is typically a contents-only policy, meaning it covers your personal belongings but not structural damage, which is typically covered by homeowner’s insurance.
Renter’s flood insurance can provide renters with a sense of security. They’ll know that they can easily replace personal belongings when disaster strikes. It’s specially designed to cover flood damage, so you don’t have to worry about natural disasters being excluded.
However, some policies exclude things stored in basements. Every policy also has coverage limits, so it’s crucial to work with an agent at T.D. McNeil Insurance Services to understand your policy limitations.
Many flood insurance policies have exceptions and exclusions. Here at T.D. McNeil Insurance Services, we believe in transparency. You won’t be left wondering what’s covered if there’s a flood. Contact our experienced customer service representatives today to learn more about our policies. We’re currently serving the Folsom, CA area.
