A Texas law (House Bill 531) emphasizes that renters insurance coverage doesn’t pay for flood injury.
Renters insurance coverage, out there for about $20 a month, pays to restore or substitute the belongings you personal in the event that they’re broken by hearth, smoke, theft or vandalism, and sure sorts of water injury.
However most renters insurance policies don’t pay for losses attributable to floods.
Renters frightened about flooding ought to contemplate shopping for a separate flood coverage. Ask your agent in the event that they promote flood insurance coverage. If not, you should purchase a coverage from the National Flood Insurance Program. It’s also possible to name them at 877-336-2627.
Landlords are actually required to:
- Inform potential renters in the event that they know the dwelling is in a 100-year flood plain.
- Inform potential renters in the event that they know the dwelling had flood injury at the very least as soon as within the earlier 5 years.
- Encourage renters to purchase flood insurance coverage.
Even when your house isn’t in a flood plain, you would possibly need to contemplate a coverage. Flooding can occur anyplace at any time. Poor drainage programs, damaged water mains, neighborhood building, and summer season storms can lead to flooding.
