

Imagine waking up to find your apartment flooded after a heavy storm, with water soaking your furniture, electronics, and personal belongings – only to learn that your landlord’s insurance won’t pay for any of it. This is where renters flood insurance can step in to help.
Do renters need flood insurance?
While flood insurance is not legally required for renters, it’s a smart investment. Many renters falsely believe that their landlord’s insurance will cover flood damage. A landlord’s policy will only cover the building itself, not your personal belongings. Additionally, your standard renters insurance policy will only cover your personal belongings from theft, fire, or wind damage. Flood damage is not usually covered.
What does renters flood insurance cover?
A renters flood insurance policy is designed to protect your personal belongings from water damage caused by flooding. It typically covers:
- Furniture: Beds, couches, dressers, tables, and chairs.
- Electronics: TVs, laptops, gaming consoles, and home entertainment systems.
- Clothing: Shoes, accessories, and everyday items.
- Appliances: Portable appliances such as a microwave or mini fridge.
- Valuable items: Jewelry, artwork, and collectibles can be covered under some policies depending on their coverage limits.
What factors influence the cost?
The cost of renters flood insurance can vary depending on several factors. On average, policies can range from $100 to $300 per year, but your rate depends on:
- Location: If you live in a high-risk flood zone then premiums may increase. Living in a lower-risk area will be more affordable.
- Coverage limits: Higher coverage limits may increase your premium, but it will provide better protection.
- Type of building and floor level: If you live in a ground-floor or basement apartment, your risk of flood damage is higher, which can affect pricing. Upper-floor apartments will have lower premiums.
Let’s talk
Floods are the most common natural disaster in the United States, and they do not only affect homeowners. Contact one of our Avery Hall agents today at 410-742-5111 for our Salisbury office, 302-684-3413 for Milton, and 302-536-9470 for our Seaford office for a free consultation.