Flood Insurance: What Renters Can Do

What your clients don't know may just come back to haunt them. In the real world, when people don't know what their insurance does and doesn't cover, the resulting bill can be shocking. We're here to share common misconceptions about renting and flood insurance and provide an easy-to-digest solution to each.

Misconception #1: Renters Insurance Covers Flooding

• Your clients may mistakenly think their renters insurance is the end-all be-all for their problems. Without you to remind them of their policy limitations, they might think of themselves as protected against any act of nature. Most renters insurance doesn't cover flood damage, but a flood insurance policy does.
• The solution? Simply talk to your clients about their flood risk and how a flood insurance policy can be used to help rebuild after a flood.

Misconception #2: A Landlord's Flood Insurance Covers a Renter's Personal Property

The best time to talk to your clients about flood insurance is when they buy or renew their renter's insurance policy. Being insured with a contents-only flood insurance policy can mean the difference between an easy recovery and paying out of pocket to replace their water-damaged valuables.

Share this with your clients, so they can read up on what contents-only coverage is available to them as a renter. Don't let misunderstandings leave them with out-of-pocket costs.