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07-30-2008, 12:19 PM
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Senior Member
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Join Date: Jul 2008
Location: Connecticut
345 posts, read 124,773 times
Reputation: 201
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Your renter's insurance does not cove Flood, no homeowners policy will cover flood, that is seperate. However Renters will cover fire,theft,lightnig, and things like that. The only time water damage would be covered is if the damage is caused by an overflow of a sewer or drain, and often that has to be added seperatly.
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07-30-2008, 12:45 PM
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Sayer of true stuff
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Join Date: Oct 2007
Location: Wicker Park, Chicago, IL (finally!)
5,488 posts, read 3,189,828 times
Reputation: 944
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Are you sure about that? I was under the impression that my stuff is covered from damage no matter what happens. I'm not in a flood plain, but now I'm wondering.
I know homeowner's insurance doesn't cover floods.
OP, I would go ahead and check with your insurance company now. I doubt that you're fully covered as a renter here as well, but it's worth checking on.
But yeah, it's super cheap and 100% worth the cost.
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07-30-2008, 01:55 PM
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Senior Member
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Join Date: Jul 2008
Location: Connecticut
345 posts, read 124,773 times
Reputation: 201
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I'm positive I sell insurance, and people are always surpried, but no, any homeowners policy, and that includes someone who owns a home, a renter, and a condo policy do not include flood,ever. But in all a renters is policy is well worth it, for the price it will replace all of your belongings and pay for you to stay somewhere else.
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07-30-2008, 02:17 PM
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Real Estate Agent
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Join Date: Jan 2007
Location: SW Austin
2,174 posts, read 1,533,976 times
Reputation: 807
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Quote:
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I know homeowner's insurance doesn't cover floods.
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The instance in which a "flood" would in fact be covered is when a plumbing break or roof leak occurs and your house "gets flooded". I've had my rental properties "flood" due to a broken commode supply line, and it's covered by normal insurance.
For rising water that enters the house from outside, due to rain, broken levy, broken water main on your street, etc., that is a "rising water" "flood" and is not covered by renters or home owners insurance.
Steve |
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07-30-2008, 02:56 PM
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Sayer of true stuff
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Join Date: Oct 2007
Location: Wicker Park, Chicago, IL (finally!)
5,488 posts, read 3,189,828 times
Reputation: 944
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Thanks for the clarification.
I don't think there is any scenario where I could be flooded from the outside (even a water main wouldn't do it as I'm on the second floor)
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07-30-2008, 02:57 PM
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Mom
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Join Date: Jul 2008
1,310 posts, read 416,345 times
Reputation: 687
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I agree with everyone else. We have always had it just in case and it is so inexpensive, we have pretty substanial insurance to cover us and it only costs us $15 a month. We have ours through State Farm.
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07-31-2008, 02:33 PM
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Senior Member
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Join Date: Jul 2008
Location: Connecticut
345 posts, read 124,773 times
Reputation: 201
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You have to be carefule though most of time unless you specifically ask for water back-up coverage it is not included, or the coverage is limited.
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