How Renters Insurance Works with Water Damages

If you are renting your home, damage can occur, resulting in significant financial loss. Water damage is among the most destructive types of losses.  Fortunately, there are many instances where a renters insurance policy may cover water damage.

Does Renters Insurance Cover Water Damage? 
Incidents such as pipe bursts or bathtub overflow are common scenarios where renters insurance might help you cover water-related expenses. With the right renters insurance policy you can, limit the out-of-pocket costs you have to pay.

What Does Renters Insurance Cover? 
Renters insurance policies can vary but commonly include coverages such as the following:

• Personal property coverage helps cover the cost of damaged or stolen items kept inside your dwelling.
• Personal liability coverage helps cover medical expenses and legal fees if someone is injured or their property is damaged while on the premises of your rented property.
• Additional living expense coverage helps pay for temporary living arrangements if you cannot live in the place you’re renting because it was damaged.

Some policies might be tailored to include additional or alternative coverages. Contact McCartan Insurance Group to learn about your policy options.

Should I Get Flood Insurance? 
Most renters insurance policies typically do not include flood protection. Because of this, you may want to consider flood insurance. Purchasing flood insurance can provide financial protection against flood-related losses if you live in an at-risk area. To see if your area is at risk for flooding, consult the National Flood Insurance Program.

Learn More 
To learn more about renters insurance and potential coverage options near West Des Moines, Iowa, reach out to the experienced agents at McCartan Insurance Group today at 515-633-2273. We look forward to hearing from you.

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.