Renters and Disasters

What You Should Know About: Natural Disasters and Renters Insurance

If you rent a home in a natural disaster-prone area, make sure you know what is and isn't covered under your Renters Insurance

Three things you should know:

  1. Renters Insurance includes three key types of financial protection: coverage for personal possessions, liability protection and additional living expenses (ALE).
  2. The average yearly premium for Renters Insurance is $169 in Washington, $166 in Oregon and $155 in Idaho, according to the Insurance Information Institute (I.I.I.).
  3. Most renters insurance policies do not cover earthquakes, floods or landslides/earth movement.

Renters Insurance is designed to protect your personal possessions against covered losses like fire or theft, and to help defend you against liability claims made by others, like if someone is injured in your home. However, just like a standard Homeowners insurance policy, specific natural disasters like floods, earthquakes and landslides are excluded from most Renters Insurance policies. Additional coverage can typically be purchased, however, if necessary. Contact your insurance representative about your insurance coverage and options.

For more information about Renters Insurance, visit our page Renters Insurance: What You Should Know.

*Some information provided by Insurance Information Institute