Does Renters Insurance Cover Hotel Costs?
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482Check with your Insurance professional, but it might cover some hotel expenses, yes. Most policies include coverage for "Extra Expense" or "Loss of Use" which means that if your place is severely damaged and is un inhabitable as a result, these line item coverages in your policy is there to pick up the cost of temporary housing.Answered on May 5, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! I sincerely hope that you never need to find out. In many cases, the policy will cover some or all of the relocation expenses when the home is damaged and not useable. They may pay for a couple of days, they may pay until repairs have been completed or until you've found a new place to live. They may not cover it at all. Check with your agent and be certain what your specific policy will or won't cover. Thanks for asking!Answered on May 5, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaCoverage D of most renters’ policies covers additional living costs. This coverage pays for necessary and reasonable increases in the living costs you incur to maintain the normal standard of living of your household if part of the premises is made unfit for you to use because of an insured loss. The key here is the reason that you need the hotel room, the second is the suitability of the hotel room and the third is the reasonableness of the cost.Answered on May 5, 2014flag this answer
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