If you rent an apartment, a multi-family residence, or a single-family home in Decatur, AL, having renters’ insurance is essential for protecting your personal belongings. Because the area frequently experiences severe storms, this coverage can make all the difference when recovering after a disaster. If you’re unsure what your renters insurance policy protects, Will Wright Agency Inc. can help you choose coverage that meets your needs.
Storm Damage Basics
Renters insurance typically covers two key areas related to storm damage: your personal belongings and loss of use if your home becomes uninhabitable. Whether your policy will pay for damages depends on how the loss occurred. The covered perils listed in your policy outline outline which situations qualify for payment.
Common covered perils include:
- Wind and hail damage
- Lightning strikes
- The weight of the snow or ice is causing damage
- Falling objects, such as tree limbs
If storm-related damage results from one of these covered perils, your policy will typically provide compensation for your belongings.
Loss of use coverage, sometimes called additional living expenses, can be invaluable after a major storm. This portion of your policy helps pay for temporary housing if your rental unit becomes uninhabitable due to a covered event. It may also cover storage fees for your belongings or increased living expenses during repairs.
Storm Damage Exclusions
The most significant exclusion to be aware of is flooding. If rising groundwater causes damage during heavy rain, renters’ insurance will not cover your belongings. A separate flood insurance policy is required for that type of protection.
Other exclusions typically include damage from earthslides, mudslides, and sewer backups. Flood and sewer backup protection can often be purchased as additional policies or endorsements.
Renters should also remember that their policy does not cover structural damage to the building. The property owner’s insurance handles repairs to the structure itself.
To understand exactly what your renters’ insurance policy covers during severe weather, contact Will Wright Agency Inc., serving Decatur, AL, to schedule an appointment and review your options.
