Does Renters Insurance Cover Flood?

1. 

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   Ted Ratliff

   Owner, SFS Associates,

   To have flood covered by any type of renters or homeowners coverage, you must have a special flood policy.  Your homeowners and renters will cover water damage due to sewer backup, burst pipes, or rain damage from a leaking roof, it will not cover flood.  There is a special Federal Flood Insurance program you can look in to if you live in a flood zone.
    

   Answered on April 23, 2013

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2. 

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Renters insurance will not cover flood damage. Neither will homeowners insurance. Flood insurance is a completely separate policy that is regulated by the federal government. Flood policies can be a little pricey. Depending on you geographic location if you are a homeowner you may be required by your lending institution to carry flood insurance. Renters on the other hand would not be required to carry such coverage unless specified by the rental agreement.

   Answered on August 5, 2013

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Flood is one of the leading causes of property loss in the United States.  The problem is so great that the Federal Government has a program to provide that coverage.  Private insurers, normally exclude damage caused by water entering the residence from the outside and in particular by flood.  Your current insurance agent can probably give you specific information about the flood program in your area.

   Answered on June 23, 2014

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