Can Renters Buy Flood Insurance?

There are many misconceptions out there about renters and flood insurance. At Neff & Associates Insurance Services Inc, serving the greater Pismo Beach, CA area, we want to help debunk these misconceptions. Here are three common misconceptions about flood insurance and renters and the truth surrounding these misconceptions. 

Renters Cannot Buy Flood Insurance

One of the biggest misconceptions in regards to flood insurance and renters is a renter ability to buy flood insurance. Many renters do not think that they can buy flood insurance. They think that this is something that only homeowners can buy to help protect their dwelling from a flood. But this is not true. Renters can buy flood insurance to help cover their belongings in the event that a flood occurs. 

Renters Are Covered By Homeowners Flood Insurance

Another common misconception in regards to flood insurance and renters is that many renters think that they are covered by a homeowners insurance policy. If the owner of the home carries flood insurance, their policy will not cover your belongings or cover the cost of housing you if you are displaced. You must purchase your own policy in order to be covered. 

Renters Insurance Covers Floods

The last misconception that is common in regards to flooding and renters is that renters insurance covers flooding. The majority of renters insurance policies do not cover most types of floods in a home. You must purchase a supplement flood policy in order to be covered from flooding as a renter. 

If you are renting a home and do not have a separate flood insurance policy, now is the perfect time to obtain one. Neff & Associates Insurance Services Inc, serving the greater Pismo Beach, CA can help you obtain the insurance you need. Call us now for a quote.