“Renters insurance is covering your contents. Since you don’t own the building that you’re staying in, that’s all you’re going to cover is just what you own. Homeowners insurance; you own the building and everything in it so a homeowners insurance will cover that structure as well as all of the contents in it,” explains James Grusheski, an Allstate Agent in Savannah.
Homeowners and renter’s insurance don’t cover everything though. For instance, water that comes into your house from the ground up…for that you’ll need a separate policy…for flood insurance.
If you have time, contact your agent. Review your policy. Make sure it’s up to date and that you understand your coverage. Some policies don’t cover hail or wind damage.
Also, do a home inventory. It can help the insurance adjuster understand exactly what you had so you can be fully compensated.
Next, make sure all of your important documents; financial papers, wills, contact numbers are in the same place so you can grab it and go.
And finally, if you’re ordered to evacuate, leave your home. Belongings can be replaced, you can’t be.
Tags: Flood, renters flood insurance