As an apartment renter, you might experience unwanted water damage. Whether from a natural event like a storm, excessive rain, a water leak, or a burst pipe in your apartment, a renters insurance policy may help if a covered event damages your personal property. Water can be destructive regardless of the cause, and you want to ensure you are adequately insured.
Since 1993, Peachstate Insurance has helped thousands of Georgia residents with insurance for their financial protection. Our team can help protect you with renters insurance tailored to your needs.
What Is Renters Insurance?
Renters insurance is a package policy that includes liability and personal property damage coverage. The liability portion of your policy may protect you against claims that you caused third-party bodily injury or property damage and may help pay medical bills if there’s an injury inside your rental. The property damage portion of your policy helps cover your personal property if it’s damaged or stolen due to a covered incident.
If a covered flooding incident damages your belongings, you may be able to recover financially with renters insurance. This is vital protection for renters since landlords don’t insure their tenants’ belongings.
Does Renters Insurance Cover Water Damage?
You and your insurer must discuss what water damage is covered—and what isn’t—by your specific renters insurance policy. Because your policy includes liability and personal property damage, you may have coverage for repairing or replacing items that became water-damaged following a water leak or burst pipes. However, depending on what caused the water damage, your landlord may be liable for the damages. In addition, if you have water in your apartment that damages your neighbor’s apartment, the liability portion of your renters policy may offer financial protection to replace their items.
Every policy is different, and what is or is not covered under your policy is unique to your policy. Talk with your insurer to ensure you know your policy’s specifics.
Does Renters Insurance Cover Flooding?
If your apartment is in a flood-prone area or a zoned floodplain area of Georgia, you may experience potentially detrimental water damage at some point. Renters insurance does not cover flood-related damage to your personal property. A flood insurance policy may be necessary to gain coverage for your personal property, especially if you live in a flood-prone area. We can help you navigate your flood risk and determine whether you need to purchase a flood insurance policy.
Essential Protection for Your Peace of Mind
Please don’t wait until it’s too late to get your needed coverage. Peachstate Insurance can help you navigate your renters insurance and flood insurance needs to help you get the essential protection you need for peace of mind.
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.