The Benefits Of Renter's Insurance

What Isn't Covered

There’s a lot renter's insurance might not protect, and it’s important renters know this information as it applies to their policies. A typical renter’s insurance policy does not include coverage for natural disasters such as flooding, earthquakes, and even hurricanes. If a renter wants coverage for their personal property because they live in a place that sees a lot of natural disasters, they must have an additional policy to cover this type of damage. Furthermore, pest damage, terrorism, and nuclear war are not covered under a traditional rental insurance policy either. If a renter has items of high value such as family heirlooms in the form of artwork or jewels, they must be protected with separate insurance policies. No policy will cover anything that costs more than the standard amount listed in a renter's insurance policy. For example, a policy might protect jewelry up to two thousand dollars, but anything more valuable is not protected. Finally, renter’s insurance only covers the items the renter owns, and any roommates must have their own policy if they want their belongings covered.