As a renter in the Mesa, AZ area, it is critical to carry renters’ insurance. However, it is equally important to understand what coverage your insurer may exclude from the policy. The experts at the Precision Insurance Team have put together the top coverage exclusions.
Renters’ Insurance Exclusions
Dog bites
If you have a dog, it is vitally important to make sure you have coverage under your renters’ policy. Many insurers opt to exclude the coverage altogether, while other insurers will have restrictions on breeds and weight. A dog bite lawsuit can be one of the most expensive as the medical bills quickly add up.
Flooding
So many renters assume that because the policy offers coverage for water damage, that flooding would be covered. However, damage caused by a flood is not covered under water damage coverage. Water damage coverage would offer you protection if you have a burst pipe or a leak from an appliance. If you live in a Mesa, AZ area that is prone to flooding, it is critical that you purchase flood insurance.
Luxury items
Most renters’ policies limit the amount that they will reimburse you for losses to luxury items. Luxury items can include fine art, jewelry, and even electronics. If you have a significant amount of luxury items, you will want to work with your agent at the Precision Insurance Team to make sure you have enough coverage for your luxury items. It is good to submit an itemized list with values to the insurance company.
Give Us A Call
If you live in the Mesa, AZ area and want to learn more about renters insurance, reach out to the Precision Insurance Team today.
