Your Renters Insurance coverage Questions, Revealed • Lemonade

What does renters insurance coverage cowl, you ask? First issues first, it protects you from three several types of issues:

1. Issues that occur to your stuff

2. Issues that different individuals maintain you answerable for (and anticipate you to pay for)

3. Issues that drive you out of your house

Now, what’s coated (and what’s not) is a bit trickier.

For instance, in case your upstairs neighbor forgets to show off the water of their tub and your house is flooded, you’re most definitely coated. Nevertheless let’s say your house is flooded due to a freakish storm surge – something broken is on you, and isn’t coated by your insurance coverage company.

You’re in all probability pondering, “Wait, it’s all water, so what provides?” Nicely, insurance coverage offers protection for dangerous issues – ‘named perils’ in insurance coverage lingo – and it simply so occurs that unintended flooding is certainly one of them, whereas pure disasters aren’t.

Seems, lots of your coverage is full of bizarre exceptions and guidelines. That is principally as a result of the business is so outdated and lots of guidelines and laws had been established when telephones held on partitions and letters had been the principle medium of writing to somebody (i.e. not for our electronics-driven lives in the present day).

To not fear, although. We’re right here to offer solutions to a number of the high q’s renters are asking about what’s and isn’t coated by their insurance coverage.

Right here’s a fast preview of what we’ll cowl:

does renters insurance cover flooding - lemonade blog

1. Does renters insurance coverage cowl flooding?

As we talked about above, renters insurance coverage doesn’t cowl flooding. Bummer? Nicely, not fully. Whereas flooding refers to weather-related occasions, points that contain water injury to your house that aren’t attributable to mom nature are most definitely coated by renters insurance coverage. In different phrases, you’re not coated for flooding from the outside-in, however your insurance coverage coverage has your again throughout flooding from the inside-out, like burst pipes, that overflowing bathtub we talked about earlier, leaky AC models, and so forth.  

Whereas the federal government is the only real supplier of flood insurance coverage, you may often add on one of these protection by means of your insurance coverage supplier. In the event you stay in an space liable to flooding (i.e. you personal a sump pump or use the phrase ‘levee’ incessantly), we advise you take a look at your group’s flood map and significantly take into account getting flood insurance coverage in case you’re in an at-risk space.

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