What Won’t Be Covered With Renters Insurance?

While renters insurance may provide crucial financial support for your rental home and belongings, many tenants are surprised to learn about significant exclusions in their policies.

What Does Renters Insurance Cover?

A standard renters insurance policy may cover your personal belongings against fire, theft, vandalism and certain types of water damage. It also typically includes liability protection if someone gets injured in your rental unit and needs medical attention. Your policy may also help with temporary living expenses if your rental becomes uninhabitable due to a covered event, and may cover your belongings even when they’re outside your home, such as while in your car or at a hotel.

What Does My Policy Exclude?

Your renters insurance policy may have several important exclusions. Generally, standard policies won’t cover the following:

• Flood damage—Standard policies don’t cover flooding from natural disasters or rising water. You’ll need separate flood insurance for this.
• Earthquake damage—Like flood coverage, earthquake protection requires a separate policy, even in areas prone to seismic activity.
• High-value items—Expensive jewelry, art collections or rare collectibles often exceed standard coverage limits and require additional riders or separate policies.
• Pest infestations—Damage from bedbugs, rodents or other pests isn’t covered, as it’s often considered a maintenance issue.
• Roommates’ belongings—Your insurance only covers your personal property unless roommates are listed on your policy.
• Vehicle damage—While items stolen from your car might be covered, damage to the vehicle itself falls under auto insurance.
• Business equipment—Items used for business purposes typically need separate commercial coverage.

Apply for Coverage Today

Don’t wait until it’s too late to discover gaps in your coverage. Contact ABC Insurance Services today to review your renters insurance needs and find your ideal policy.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.