Do I Need Flood Insurance For My Rental Property

This article discusses the importance of flood insurance for landlords, tenants and rental properties. It highlights the fact that conventional insurance policies usually do not cover flood damage and that flood insurance is necessary, especially for those who reside in high-risk areas. The article suggests that tenants should consider adding a flood insurance clause to their renter’s insurance policy to cover their personal belongings in the event of a flood caused by a storm or natural disaster. Additionally, landlords are advised to consider adding a flood insurance rider to their policy to cover the cash value of their rental properties, not just the replacement cost. The article concludes by emphasizing the importance of calling professionals like Rainbow Restoration to help with water removal, structural drying, repairs and restoration in case of a flood.