Understanding Renters Insurance Coverage Exclusions

Common renters insurance exclusions.

All insurance policies have certain coverage exclusions, and your renters insurance is no different.  To ensure that coverage gaps do not catch you by surprise, review your policy for these common renters insurance exclusions.

  • Terrorism and Nuclear Warfare

Since 9/11, most renters insurance policies specifically exclude coverage related to acts of war.  This type of exclusion is also common in homeowners insurance policies.  If you are concerned about the damage caused by acts of terrorism or war, then you should speak to your insurance provider to learn about your supplemental coverage options.

  • Your Security Deposit

Many renters assume that their insurance will reimburse them for any money that their landlords deduct from their security deposit when they leave a rental.  Unfortunately, this isn’t the case.  Since your security deposit is actually a form of insurance against any damage you might cause to the rental property, this money cannot be insured.

  • Pest Infestations

While your renters insurance is designed to protect your belongings, your policy will not cover damages related to pest infestations.  This is because insect and rodent infestations are considered a standard maintenance issue that falls under the responsibility of the renter, not their insurance provider.

  • Your Roommate’s Belongings

If you share your rented space with a roommate, then your policy will not automatically provide coverage for their belongings.  If your roommate wants protection, then you have some options.  You can opt for a joint policy that will offer coverage for multiple renters.  However, if you choose this option, please be aware that you may be higher rates, especially if your roommate owns high-value items.  This coverage option can also cause issues if you or your roommate decides to move out.  Generally, roommates are encouraged to secure their own renters policies to avoid unnecessary complications.

These are some of the common renters insurance exclusions that you should know about.  Need help securing the right renters coverage?  Then contact the experts at Mike Leonard Insurance Agency.  Our dedicated team is eager to find you the right coverage from one of our many carriers, including: Kemper, MetLife, Nationwide, Travelers, Safeco Insurance, Progressive, and American Strategic Insurance.