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What Renters' Insurance Doesn't Cover

In the world of insurance, it pays to know exactly what your policy does and does not cover. That's especially true for renters' insurance policies — which can be confusing if you've never purchased one before.

Read on for an overview of what renters' insurance typically won't cover, so you get the most out of your policy.

Flood Damage

The majority of renters' insurance policies don't cover flood damage. Widespread flooding is a common occurrence in certain parts of the world. If you live in one such area, purchasing separate flood insurance is essential if you want coverage for this kind of damage. Your policy will only cover flooding if it's caused by a burst pipe or malfunctioning appliance.

Make sure to check with your insurer if they offer a discount when you bundle these two policies together. Usually, the insurance company will provide a lower premium if you have both renters' and flood insurance.

Rodent or Pest Infestations

Rodent or pest infestations are not usually covered by renters insurance. These kinds of problems are typically viewed as a direct result of poor maintenance or inadequate housekeeping habits, so they're the renter's responsibility.

However, some insurers may include coverage for rodent infestation as part of their policy, so make sure to double-check with your provider before signing up. But there are usually specific requirements that must be met for you to receive coverage. You might need to show proof that the infestation was caused by an external factor, like a nearby construction project.

If you're concerned about the possibility of a rodent or pest infestation, consider investing in an exterminator before signing your lease. This will help minimize the chances of a problem in the future.

Theft or Vandalism from Your Vehicle        

Lastly, renters' insurance does not usually cover theft or vandalism from your vehicle. So if you have valuable items in your car that you want to be protected, you should consider investing in auto insurance as well. This type of coverage will also help protect against any liability claims that may arise should someone be injured while driving your vehicle.

Some people might also think that their renter's insurance will cover them if their car is stolen, but this isn't the case. You'll need a separate policy to receive this type of coverage. Renter insurance will only protect you from theft or vandalism that occurs inside your home.

Renters' insurance is an important tool for protecting yourself and your property from unexpected losses. However, it's important to remember that it doesn't cover everything.

Read through the fine print carefully before signing up for a policy so that you know exactly what is (and isn't) included in the coverage plan. That way, you can rest easy knowing that your possessions are properly protected against any potential risks. 

For more info about renters' insurance, contact a local company like Del Toro Insurance.