Flood Insurance for Renters
Flood insurance for renters may be a necessity if you live in an area prone to flooding. Most homeowners and renters insurance policies do not cover flood, and you may want to purchase an additional flood insurance policy for renters to protect your personal belongings. Refer to our guide below to compare flood insurance rates for renters from local providers.
Free Insurance Comparison
Secured with SHA-256 Encryption
UPDATED: Nov 16, 2020
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
Renters insurance is “contents-only” insurance, which means that it covers the same perils covered by a standard homeowners policy, except that it does not pay for repairs or replacement of any permanent structures.
Homeowners policies, renters insurance included, do not provide flood coverage by default. In most circumstances, you will only be able to get flood insurance through national programs such as the National Flood Insurance Program.
Water Damage vs. Flooding
Do not confuse water damage with flood insurance. Water damage is caused by an event or peril, such as a broken pipe or the water used to put out a fire. Flooding occurs when rising water overflows is boundaries, such as a dam giving way, excessive tidal surges, or heavy rains causing a river to rise. The difference is crucial, because water damage is covered by most standard home insurance policies, but flooding is always excluded.
Why Flood Insurance is Important
Flooding can happen in any location, and potential flood situations may happen unexpectedly. Without flood insurance, you would have to pay for the repair or replacement of your own property, up to and including a total loss of everything. Because the average person has thousands of dollars of personal property, paying for flood insurance, even for many years, will cost much less than the out of pocket expenses without insurance.
Where to Purchase Flood Insurance
Flood insurance is not available from most traditional insurance companies. Instead, you may have the option of purchasing from a high risk insurer, or even limited to the National Flood Insurance Program, NFIP, as your only choice. The best place to start looking for flood insurance is with your state’s Department of Insurance, where you can get information about flood potential for your location, insurance companies licensed to sell flood insurance in your state, and more.