http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html Renters guide to solving problems, saving money, and living better. Sat, 7 Nov 2009 21:51:21 +0000 http://wordpress.org/?v=2.6.2 http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6524 Guest Wed, 13 Feb 2008 16:32:14 +0000 http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6524 Vernonia Oregon Renter. Well we hope to be able to get back into our rental house the first of the month, obviously we will definately need rental and flood insurance since we are having to replace everything. My husband would like to have the policy in effect shortly after we move in, but we can't purchase anything yet as we have no place to put it. Do we just need to wait until we finish replacing everything before trying to get a policy or should we try to find a blanket policy that will cover a certain amount. We would like to have replacement costs covered as we won't always be able to take out a loan to replace everything. Vernonia Oregon Renter. Well we hope to be able to get back into our rental house the first of the month, obviously we will definately need rental and flood insurance since we are having to replace everything. My husband would like to have the policy in effect shortly after we move in, but we can’t purchase anything yet as we have no place to put it. Do we just need to wait until we finish replacing everything before trying to get a policy or should we try to find a blanket policy that will cover a certain amount. We would like to have replacement costs covered as we won’t always be able to take out a loan to replace everything.

]]> http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6526 Guest Sat, 09 Feb 2008 23:42:02 +0000 http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6526 When you go to purchase renter's insurance, your carrier/agent very likely will run a CLUE report to see if there have been prior losses. If any are found, you will have a hard time getting coverage. Much of the time, other people's losses are not held against you- however any sane insurer that sees 5 losses in 8 months will be reluctant to issue a policy for you. Please also be advised that "flooding" or seepage of water from the outside of the building to the inside is NOT covered by a renter's insurance policy. If that's what you are concerned with, you need flood insurance in addition to a renter's policy. "Water Back Up" is only covered if you pay extra for a specific endorsement. When you go to purchase renter’s insurance, your carrier/agent very likely will run a CLUE report to see if there have been prior losses. If any are found, you will have a hard time getting coverage.
Much of the time, other people’s losses are not held against you- however any sane insurer that sees 5 losses in 8 months will be reluctant to issue a policy for you.
Please also be advised that “flooding” or seepage of water from the outside of the building to the inside is NOT covered by a renter’s insurance policy. If that’s what you are concerned with, you need flood insurance in addition to a renter’s policy. “Water Back Up” is only covered if you pay extra for a specific endorsement.

]]> http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6525 Guest Thu, 25 Jan 2007 11:42:19 +0000 http://ohmyapt.apartmentratings.com/renters-insurance-coverage.html#comment-6525 Need your advise. My apartment has flooded 5 times in 8 months due to falty plumbing. I have not bought property insurance because after the first time, my property would not be covered by any insurance company. Also, after the first time of filing a claim, wouldn't continued floods cancel my coverage? I need to move out but have been unable due to lack of funds, hospitalizations and death in family. What can I do? Need your advise. My apartment has flooded 5 times in 8 months due to falty plumbing. I have not bought property insurance because after the first time, my property would not be covered by any insurance company. Also, after the first time of filing a claim, wouldn’t continued floods cancel my coverage? I need to move out but have been unable due to lack of funds, hospitalizations and death in family. What can I do?

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