Want this question answered?
That depends. If the renter has their own flood insurance then the renter could certainly file a claim on it they have a flood loss. If your asking can the renter file a claim on the Property owners flood insurance then the answer would be no. The owners flood insurance would be specific to the owners property, not property belonging to a tenant.
Flood insurance can be purchased from the government from the national flood insurance program (NFIP). If your community participates you can purchase flood insurance from your insurance agencie through the national flood insurance program.
Beacon Insurance offers personal insurance, renter's insurance, commercial Insurance, flood insurance, disability income insurance, life insurance, and auto insurance.
Purchasing flood insurance would depend on where you live in Texas. Dallas and Fort Worth, for example, employ many people to restore damage done by water and have been named in state disaster declarations in the past, so the purchase would be wise in these locations.
Commercial Space Rental and InsuranceWhat you would need to buy for a commercial space is called Commercial General Liability Insurance. AnswerThere is a big difference between Retail and Renter's insurance. Retail insurance is for any type of basically a retail business that has an inventory used for retail purpose. Renter's insurance is used for a private individual or family that is renting a home or apartment and wants to protect their belongings from fire/flood/etc. You cannot use renter's insurance to protect a retail space which is considered business. Retail insurance does cost more. But to get the best answer to this question consult your insurance agent.
Renters insurance will cover your belongings in the house, and will also cover you for any legal mishaps you have with the landlord. It is prudent to have it as if for example there is a flood your belongings would not be covered by the landlords house insurance.
No, you are not protected from a flood with your basic homeowners insurance. Most companies that sell homeowners insurance will probably sell flood insurance as well, but it will be it's own purchase.
Renter's Insurance is best suited to the residents of rented property.There are affordable options available from the trusted insurers for Tenants in the event of theft, fire, storm, earth quake or flood. Its easy and simple to apply online.
This obviously depends on your location, not only geographically but topographically as well. You should consult your insurance agent or other resources in your area to determine the best route for flood insurance.
No. Several insurance companies offer flood insurance apart from the National Flood Insurance Program.
If your property is in a flood plain or your mortgagor requires flood insurance, no, you cannot cancel flood insurance.
Flood insurance is generally not included in homeowners insurance policies, so you may want to consider flood insurance. Flood insurance is required in some flood zones. Contact your local insurance agent to find out if your vacation home is in a flood zone that requires flood insurance.