The standard renter’s insurance policies include coverage for fire, hail, wind, or falling objects related to hurricanes. However, renters insurance is not responsible for and does not cover flood damage from a storm or hurricane. Instead, renters’ insurance covers hurricane damage under personal property coverage and loss of use coverage.
Meaning victims of the hurricane are only compensated for damages incurred on their personal property due to the wind, hail, or other non-flood-related damage during a hurricane. Furthermore, emergency funds are set aside to handle expenses incurred if your rental home is uninhabitable by hurricane damage and you must stay elsewhere.
When Does Renters Insurance Cover Hurricane Damage?
Renter’s insurance consists of personal property coverage and loss of use coverage. This means the victim(s) will be compensated if personal belongings are damaged during a hurricane by perils like wind or hail. Unfortunately, renters insurance does not cover damages to the structure or building.
Facts About Renters Insurance
Renter’s insurance covers hurricane-related perils such as wind and hail. For instance, if wind destroys the window in your home, causing damage to appliances or furniture, your policy will be compensated for the loss of personal property. In severe damage, your home may become uninhabitable, and you may need to make other living arrangements. In such cases, your renter’s policy will cover additional expenses incurred due to loss of use.
When Doesn’t Renters Insurance Cover Hurricane Damage?
The renter’s insurance policy can’t be responsible for covering flood damage caused during a hurricane. Therefore, you will not be reimbursed if your personal property gets damaged by flood water during a hurricane. This is proof that flood damage is typically not included as a standard coverage in a renter’s policy, but you can purchase it in a separate policy. The renter’s insurance will also not cover damages to the building or structure itself because it does not include dwelling coverage.
How to Protect Yourself From Hurricane Damage
Because hurricanes are natural disasters, it’s essential to be fully protected, especially if you live in the area prone to hurricanes. Unfortunately, renters insurance typically does not include coverage for hurricane-induced flood damage. However, you can protect yourself by buying a separate policy for flood damage. In addition, the National Flood Insurance Program (NFIP) can also get flood insurance.
Take Safety Measures To Minimize The Impact On Your Rental Home
Following all safety measures can help reduce the risk of hurricane-induced damage.
Get flood insurance
Hurricanes often cause flooding, but your renter’s insurance does not include coverage for flood damage. However, you can purchase a separate insurance policy to cover flood damage to your personal property.
Cover your high-value property
Suppose you have high-value property such as jewelry, furs, or antiques. In that case, you can ensure they are covered by purchasing scheduled personal property coverage as an add-on to your renter’s insurance policy. If hurricane-induced perils like hail, wind, or fire damage your valuables, you should be compensated for the loss.
Where to Buy Renters Insurance
Mila Realty always requires its residents to obtain a rental insurance policy before the move-in and maintain it active during the tenancy. There are insurance companies on almost every turn in the United States as this industry is the biggest. Plus, thanks to technological advancements, you can get hold of any insurance firm with a click on your keyboard or smartphone. Instead of moving around, you can use the search tag “best insurance companies near me” and browse for the firms with the most reviews online before making your choice. Also, referrals are a fun way to get the best insurance service providers when in need.