Renters Insurance Coverage Exclusions to Know About

new renters reviewing insurance, what renters insurance doesn’t cover

What renters insurance doesn’t cover.

If you live in a rented apartment or home, then you know how important it is to protect your belongings and personal liability with the right renters insurance.  However, like all insurance policies, renters insurance does come with certain coverage limits and exclusions.  To ensure that a gap in your policy doesn’t catch you by surprise, here’s what renters insurance doesn’t cover.

  • Certain Natural Disasters

While renters insurance offers protection against most natural disasters, there are certain extreme events that are excluded from coverage.  For instance, some policies may exclude coverage for tornadoes and hurricanes.  Almost all renters policies will exclude coverage for earthquake or flood damages.  If you need to fill gaps in your coverage, then you have the option to secure policy endorsements or separate insurance policies to secure additional protection.

  • Your Security Deposit

Many renters assume that their insurance will reimburse them for any money that their landlords deduct from their security deposit when they leave a rental.  Unfortunately, this isn’t the case.  Since your security deposit is actually a form of insurance against any damage you might cause to the rental property, this money cannot be insured.

  • Pest Infestations

While your renters insurance is designed to protect your belongings, your policy will not cover damages related to pest infestations.  This is because insect and rodent infestations are considered a standard maintenance issue that falls under the responsibility of the renter, not their insurance provider.

  • Your Car

While your car is technically a belonging, it’s important to understand that your renters insurance will not provide any coverage for your vehicle.  Securing the right auto insurance is necessary to protect your car from damage and yourself from personal liability issues and accident-related injuries.

This is what renters insurance doesn’t cover.  Do you have additional questions about your renters coverage?  If so, then contact the experts at Udell Family Insurance.  We are ready to assist you with all your insurance needs today.

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