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5 Things Your Renters Insurance Doesn’t Cover.

The devastation that natural disasters leave in their wake is a quick reminder that auto, home, or renters insurance is often an invaluable investment to help cushion any associated financial hardships. It is imperative to know exactly what your insurance policies cover to provide you the most peace of mind in the event of an accident and to keep money in your pocket when disaster strikes.

What Isn’t Covered by Renters Insurance?

While renters insurance covers a wide span of damages, there are a few things that it may not cover. Knowing what is and is not protected by your renters insurance policy can only help you. It also allows you to purchase any additional insurance you may want in order to put your mind at ease, knowing you’re covered. Here are a few things that likely aren’t covered in your renters insurance policy.

#1 Some Severe Natural Disasters

While most renters insurance covers fire and wind damage, there are a few types of natural disasters that typically are not covered. Earthquakes, flooding, and sinkholes are the common culprits that are often excluded from renters insurance policies, so you may want to seek additional coverage if those are a concern to you.

#2 Pest Property Damage

Rodent, bug, and other pest infestations are frustrating, and the damage they cause is typically not covered by renters insurance. A portion of your rent may be allocated for pest control, but that isn’t always the case. You can help avoid these pesky pest problems by setting up preventative measures throughout your rental property.

#3 High-Value Items

For coverage of any personal items, make sure you have proof that they were indeed purchased by you and owned by you. You can do this by taking photos, keeping receipts, and logging all of your valuables. However, some items are not necessarily covered by renters insurance. For example, your high-ticket items, like valuable jewelry, expensive cameras, tech, or artwork, are likely not covered by your policy.

#4 Your Roommate’s Things

While it may seem intuitive that everything in one unit is covered by one policy, that is not how insurance companies see it. No matter how many roommates you have, all of their items need to be independently insured. Get them on board with protecting their personal items early to avoid any conflict over unforeseeable circumstances. The only exception to this rule is if you are related to your roommate by blood, marriage, or adoption. In most cases, they can be covered under your policy.

#5 Damage from Terrorism or Nuclear War

This may seem outlandish to have in the first place, but it is important to note that this is no longer a standard coverage area for renters insurance. Like most other coverage types, you can purchase additional coverage if you would like. But with all of the variables, the best way to figure out what is right for you is to reach out to an experienced insurance agent.

Get Comprehensive Coverage for Your Renters Insurance

Life takes many twists and turns, and having the best insurance coverage can help soften the financial blow when accidents happen. To determine the best insurance coverage for your budget and needs, reach out to an insurance agency that can help you determine the best coverage for your belongings. At GWK Insurance, we believe that no two clients are the same. Contact us today to help get the best coverage and renters insurance for your specific needs.

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