Do Renters Need Flood Insurance?

Flooding is a growing concern for many renters in North Carolina, especially those living near the coast or in areas prone to heavy rainfall. While you may think your standard renters insurance policy has you covered, it’s important to understand its limitations when it comes to flood coverage.

What Does Standard Renters Insurance Cover?

Typical renters policies can cover your belongings in case they are stolen or damaged by specific risks such as fire, vandalism and certain types of water damage. It can also be helpful if you’re held liable for third-party losses, or a covered risk renders your home temporarily uninhabitable and you must pay for additional living expenses.

On the other hand, damage from rising water, storm surges or overflowing rivers is typically not included. If your rented property is affected by a flood, your belongings may not be protected unless you have a separate flood insurance policy.

Why Flood Insurance Matters for Renters in North Carolina

North Carolina’s coastline and frequent storms may put many communities at risk for flooding. Unexpected weather events can still bring floods even if you live in a low-risk area. Flood insurance can help cover the cost of replacing your personal items lost to floodwaters, as well as property damage after a flood.

How Much Does Flood Insurance Cost?

Several factors can influence the cost of a policy, including:

• Location
• Property characteristics (e.g., building value, elevation, replacement cost)
• Policy source (NFIP or private insurers)
• Coverage amount
• Deductible

How Our Team Can Help

Darden Insurance Agency understands the flood risks facing renters in North Carolina. Our team can help you assess your exposure, explain your coverage options and secure a flood insurance policy that fits your needs and budget. We’re here to help you in case you need to file a claim and offer support as your needs change.