Does My Renters Insurance Cover Flood Damage?
1615 POINTSview profileRyan AndrewPresident, The Andrew Agency, Richmond, VAFlood damage is excluded on just about every home, condo and renters policy. In order to have coverage for flood damage you need flood insurance which is a separate policy. The cost for flood insurance depends on your area and flood zone. FEMA regulates flood insurance so rates are the same with all companies who service flood insurance.Answered on September 12, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482The short answer is no. Flood is a common exclusion in property coverage of all kinds, whether renters, condo unit owners of Homeowners. It is also excluded from commercial property forms. The only way to have coverage from flooding is to purchase a Flood Insurance Policy. This is a federal program managed by FEMA. The amoount you may pay for such coverage is based upon the location of your property as to what particular flood zone it may be situated.Answered on September 12, 2013flag this answer
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