What’s a file?
What does renters insurance actually cover?
Your landlord’s insurance doesn’t cover your stuff, and “water damage” doesn’t mean every kind of water. Here’s what a real policy covers, what it costs, and how to check yours in 10 seconds.
Jump to a section
A real renters (tenant) policy has three parts: your stuff (even outside your home), somewhere to live if your place becomes unlivable, and liability if you hurt someone or damage their property.
Your landlord’s insurance covers their building, not one thing you carried in. Water from inside (a burst pipe) is usually covered. Water from outside (a flood) usually isn’t, unless you add it.
In the US it averages about $14 a month.
The verdict
Updates as you answerNo verdict yet.
Answer Part B to see if your tenant insurance actually covers you.
Typical price: about $22 a month in Canada (APOLLO Insurance, insurer data).
The 5 mistakes that cost Jordan (and his friend Dex) everything
Ticking the building’s box without asking what it covers
When a lease says “insurance required”, what the landlord often needs is liability coverage: protection for their building in case you damage it.
And it won’t put you in a hotel either.
Government of Canada · “Be a flood ready renter”
“In most cases, your landlord’s insurance policy will cover their property and the physical building you’re renting, but not your personal property.”
canada.ca (opens in a new tab)This isn’t just a story. In 2024, a couple in Georgia came home to the same thing: a pipe burst in the unit above them. They had the policy their complex required. It was liability only. Their stuff wasn’t covered.
Atlanta News First · “Here’s why couple’s renter’s insurance won’t cover their flooded apartment” (news report)
From the broadcast, about a couple on the bottom floor whose apartment flooded when a pipe ruptured in the unit above: “Complexes only require renter’s liability insurance.”
youtube.com (opens in a new tab)The 10-second check: your declarations page
Every policy has a declarations page. It’s usually the first page. Open yours and look for three lines:
| Line | What it should say | Jordan’s |
|---|---|---|
| Personal property | a dollar amount that matches your stuff | $0 |
| Loss of use (additional living expenses) | a dollar amount | $0 |
| Liability | $100,000 or more, protecting you | $100,000, protecting the landlord |
- What it should say
- a dollar amount that matches your stuff
- Jordan’s
- $0
- What it should say
- a dollar amount
- Jordan’s
- $0
- What it should say
- $100,000 or more, protecting you
- Jordan’s
- $100,000, protecting the landlord
If personal property isn’t there, or it says zero, your stuff isn’t insured.
Thinking “insurance” means your stuff is insured
“It’s the building’s. They do this for a living.”
That’s what Jordan said. It’s what almost everyone assumes.
But here’s the part almost nobody knows: your landlord’s insurance covers their property. The walls, the floors, the roof. Not a single thing you carried in.
When Jordan’s ceiling came down, the building’s insurance paid to fix the ceiling. His bed? Not the building’s problem.
Insurance Information Institute (Triple-I) · “Renters insurance”
“your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.” / “fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.” / “if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.” / “It also pays for damage your pets cause.” / “The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage” / “a domestic partner is usually not automatically insured … He or she must be specifically named.”
iii.org (opens in a new tab)Most people skipping it didn’t do the math. They just assume the landlord has them covered.
No loss-of-use coverage, so nowhere to sleep
Night one after the ceiling came down, Jordan asked the obvious question: “Where do I sleep?”
The answer: “We don’t provide hotels.”
In many places, the landlord isn’t required to put you up. That’s what loss of use (also called additional living expenses) is for: it pays the extra cost of living somewhere else while your place is fixed. The hotel. The meals.
Insurance Information Institute (Triple-I) · “Renters insurance”
“your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.” / “fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.” / “if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.” / “It also pays for damage your pets cause.” / “The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage” / “a domestic partner is usually not automatically insured … He or she must be specifically named.”
iii.org (opens in a new tab)Buying a policy after the disaster
This one’s short, because it’s brutal.
At 2 a.m. on Maya’s couch, Jordan bought a policy on his phone and tried to file a claim for the burst pipe.
Claim not eligible. Insurance only covers things that happen after your policy starts.
Thinking “water damage” means any water
Jordan’s friend Dex did have renters insurance. His basement apartment filled with water from rain and melting snow.
He called his insurer. They asked where the water came from. He said “the rain.” They said: “That’s a flood.”
| Water from inside | Water from outside | |
|---|---|---|
| Examples | A pipe bursts. The water heater gives out. The unit above overflows. | Rain, rivers, melting snow rising in. |
| Standard renters policy | Usually covered (it has to be sudden and accidental) | Not covered. That’s a flood. |
| How to get covered | Already in a real policy | A separate flood policy (US) or an overland water add-on (Canada) |
- Water from inside
- A pipe bursts. The water heater gives out. The unit above overflows.
- Water from outside
- Rain, rivers, melting snow rising in.
- Water from inside
- Usually covered (it has to be sudden and accidental)
- Water from outside
- Not covered. That’s a flood.
- Water from inside
- Already in a real policy
- Water from outside
- A separate flood policy (US) or an overland water add-on (Canada)
NAIC · “Flood Insurance”
“Flooding is the most frequent and expensive natural disaster in the United States. Yet, flood peril is not typically covered through most homeowners and renter’s insurance policies.” / “more than 20 percent of the National Flood Insurance Program’s (NFIP) claims coming from outside high-risk flood areas”
content.naic.org (opens in a new tab)Two more surprises:
- Sewer backup (water coming up through the drains) usually needs an add-on.
- Slow leaks that rot things over months usually aren’t covered.
In the US: renters can buy separate flood insurance from the government’s National Flood Insurance Program (NFIP). It covers up to $100,000 of your belongings, with a 30-day wait before it starts. In a basement, coverage is limited to a washer, a dryer, a freezer and the food in it.
Almost nobody does this: renters are about a third of US homes (34.8%) but only 0.2% of the program’s home coverage. And over 20% of flood claims come from outside high-risk zones.
In Canada: ask for the overland water and sewer backup add-ons on your tenant policy. Your landlord’s insurance won’t cover your belongings damaged by overland flooding.
What a real policy covers: the 3 parts
So what did Maya have that Jordan didn’t? A real renters policy. Every real one has three parts.
| Part | What it pays for | Example |
|---|---|---|
| 1 · Your stuff (personal property) | Your belongings, if damaged or stolen by a covered event, even outside your home (usually up to a smaller limit) | Maya’s laptop, stolen from her car |
| 2 · Somewhere to live (loss of use / additional living expenses) | The extra cost of living elsewhere after a covered disaster: hotel, meals | Jordan’s three weeks on a couch |
| 3 · Lawsuits (liability) | Injury or damage you (or your pet) cause to other people | Your guest slips. Your dog bites a neighbour. Your tub floods the unit below. |
- What it pays for
- Your belongings, if damaged or stolen by a covered event, even outside your home (usually up to a smaller limit)
- Example
- Maya’s laptop, stolen from her car
- What it pays for
- The extra cost of living elsewhere after a covered disaster: hotel, meals
- Example
- Jordan’s three weeks on a couch
- What it pays for
- Injury or damage you (or your pet) cause to other people
- Example
- Your guest slips. Your dog bites a neighbour. Your tub floods the unit below.
Covered events in a standard policy: fire, smoke, lightning, vandalism, theft, explosion, windstorm, certain kinds of water damage, and others listed in the policy. Floods and earthquakes are not covered.
Insurance Information Institute (Triple-I) · “Renters insurance”
“your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.” / “fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.” / “if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.” / “It also pays for damage your pets cause.” / “The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage” / “a domestic partner is usually not automatically insured … He or she must be specifically named.”
iii.org (opens in a new tab)Covered or not? (the video’s quiz)
0 of 3 checkedWho pays when the unit above floods you?
“Can’t I just make him pay?” Jordan asked about the guy upstairs. The honest answer: somebody has to owe you, and that depends on fault.
| Door | What happened | Who might pay you |
|---|---|---|
| 1 | The neighbour was careless (left the tub running, ignored a leak) | Their liability coverage, if they have any |
| 2 | The building was careless (knew about a bad pipe and didn’t fix it) | The landlord may owe you |
| 3 | Nobody’s fault (the pipe froze and cracked) | Nobody. That was Jordan. |
- What happened
- The neighbour was careless (left the tub running, ignored a leak)
- Who might pay you
- Their liability coverage, if they have any
- What happened
- The building was careless (knew about a bad pipe and didn’t fix it)
- Who might pay you
- The landlord may owe you
- What happened
- Nobody’s fault (the pipe froze and cracked)
- Who might pay you
- Nobody. That was Jordan.
And even with doors 1 and 2, you have to prove it. Months of back-and-forth, maybe small-claims court, while you sleep on a friend’s couch.
With your own policy, it goes like this:
You might even get your deductible back.
Policygenius · “My neighbor flooded my apartment”
“your insurance company is going to try to recoup their loss from the at-fault party. This process is called subrogation”
A secondary source, used to explain how the process works, not for a statistic.
policygenius.com (opens in a new tab)And if it’s YOUR fault?
Flip it: your tub floods the apartment below. That’s the liability part, and it’s where the big money is.
Why Maya got a new laptop (and Jordan wouldn’t have)
Maya’s laptop was four years old. Insurance bought her a new one. Here’s why.
| Actual cash value | Replacement cost | |
|---|---|---|
| Pays | what it’s worth today, after wear and tear | what it costs to buy it new today |
| This laptop | maybe $400 | $1,200 |
| Price | cheaper | usually only about 10% more |
- Actual cash value
- what it’s worth today, after wear and tear
- Replacement cost
- what it costs to buy it new today
- Actual cash value
- maybe $400
- Replacement cost
- $1,200
- Actual cash value
- cheaper
- Replacement cost
- usually only about 10% more
The deductible
The deductible is the part you pay first. Usually $500 to $2,000. A bigger deductible means a cheaper policy, but pick one you could actually pay tomorrow.
SDSU Extension / UW–Madison / MSU Extension · “Renters insurance fact sheet”
“Deductibles can range from $500 to $2000. The bigger the deductible, the lower the premium” / “Accidental discharge of water or steam from within certain household systems or appliances”
climate.extension.wisc.edu (opens in a new tab)One more honest thing
- Lots of small claims can push your price up at renewal. Save your insurance for the big stuff.
- Cheap usually means missing pieces. Dex’s nine-dollar special had low limits, actual cash value and no flood. Compare what’s covered, not just the price.
What it costs (and is it worth it?)
| Typical price | |
|---|---|
| US average | about $14 a month ($165 a year) for $30,000 of stuff, $100,000 liability and a $500 deductible |
| Canada | usually around $20 a month (one insurer’s national average: $21.74) |
| Jordan’s real policy, after | $15.50 a month |
- Typical price
- about $14 a month ($165 a year) for $30,000 of stuff, $100,000 liability and a $500 deductible
- Typical price
- usually around $20 a month (one insurer’s national average: $21.74)
- Typical price
- $15.50 a month
Could you skip it? If you own very little, the stuff part matters less. But the liability part doesn’t care how little you own. So for almost every renter: yes, it’s worth it. Just get the right one.
Get the right policy in 5 steps (15 minutes)
Know what your stuff is worth
Walk through your place with your phone recording. Open the closets. Say the brands out loud. Five minutes. Then add it up, room by room. That number is your personal property coverage.
Jordan thought he owned “like, three thousand dollars of stuff.” His list after the flood: laptop $1,200, bed $900, couch $1,400, clothes $2,600, rug $350, TV $800, and the rest. $9,800.
Save the video somewhere that isn’t your apartment. It’s your proof, and proof is what gets you paid fast.
Free tool · Renters Insurance CheckupAdd up your stuff, room by roomChoose replacement cost
Not actual cash value. A new laptop, not a check for an old one.
Liability: at least $100,000
That’s where most policies start. And pick a deductible you could pay today.
The water check: 3 questions before you buy
The 3 water questions
0 of 3 checkedMake it yours
- Your own name on it. Roommates usually need their own policy (a partner or roommate usually isn’t covered unless they’re named).
- Get quotes from at least 3 insurers. Start with whoever insures your car: bundling often lowers both bills.
- Upload your proof to your landlord, instead of ticking their box.
FILE 002 · The renters insurance checklist · theadultfiles.com
The renters insurance checklist
0 of 12 checkedWhat’s in the file
- 01Your landlord’s insurance covers the building. Not you.
- 02The box you tick might only protect them. Check the declarations page for personal property.
- 03Water from inside is usually covered. Floods from outside aren’t, unless you add them.
- 04Buy it before you get the keys. Choose replacement cost. And film your stuff.
Prefer video? Watch the story
Your turn: do you have renters insurance? Have you ever actually checked if it covers your stuff? Tell us in the video comments: yes, no, or checking right now.
One useful file a week.
One useful file a week: the problem, the real numbers and the free tool that goes with it. Nothing you didn’t ask for. Unsubscribe anytime.
FAQ
Does my landlord’s insurance cover my stuff?
No. It covers their property and the building. Not your belongings, and usually not your hotel.
Is the renters insurance my lease offers enough?
Check what it covers. Some lease policies are liability only, protecting the landlord. If personal property says $0 or isn’t listed, your stuff isn’t covered. Most leases let you upload your own policy instead.
Does renters insurance cover water damage?
Sudden, accidental water from inside the building (a burst pipe, an overflowing unit above) usually yes. Floods from outside, sewer backup and slow leaks usually no, unless you add them.
Does renters insurance cover floods?
No. In the US, buy separate flood insurance (NFIP: up to $100,000 for belongings, 30-day wait). In Canada, ask for the overland water add-on.
Does renters insurance cover theft from my car?
Usually yes, your belongings are covered outside your home too, often up to about 10% of your limit. (The car itself is car insurance.)
How much renters insurance do I need?
Add up what it would cost to replace your stuff, room by room. The average renter owns more than $20,000. Liability: at least $100,000.
How much does renters insurance cost?
About $14 a month on average in the US; usually around $20 a month in Canada.
Is renters insurance worth it?
For almost every renter, yes. Even if you own little, liability protects you from claims that can reach tens of thousands of dollars.
Replacement cost or actual cash value?
Replacement cost. It pays to buy the item new, and usually costs only about 10% more.
Can I buy renters insurance after something happens?
You can buy it, but it won’t cover anything that happened before it started.
Does my roommate’s renters insurance cover me?
Usually not, unless you’re specifically named. Each roommate should have their own policy.
Will a claim raise my price?
It can, especially several small claims. Save it for the big stuff.
Sources
Official and government data first. Every quote is word for word; follow the link to check it yourself.
Government of Canada · “Be a flood ready renter”
“In most cases, your landlord’s insurance policy will cover their property and the physical building you’re renting, but not your personal property.”
canada.ca (opens in a new tab)Government of Canada · “Overland flood insurance”
“your landlord’s insurance will not cover damages to your personal property caused by overland flooding.”
canada.ca (opens in a new tab)Insurance Information Institute (Triple-I) · “Renters insurance”
“your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.” / “fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.” / “if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.” / “It also pays for damage your pets cause.” / “The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage” / “a domestic partner is usually not automatically insured … He or she must be specifically named.”
iii.org (opens in a new tab)Triple-I · “Your renters insurance guide”
“Additional living expenses (ALE) coverage provides coverage if your home is destroyed by an insured disaster and you need to live elsewhere for a time.” / “A floater is a separate policy that provides additional coverage for more costly valuables if they are lost or stolen.”
iii.org (opens in a new tab)Triple-I · “Facts + Statistics: Homeowners and renters insurance”
Table “Average Homeowners Losses, 2019-2023”, Liability row: “Bodily injury and property damage 0.06 37,174”
The columns are claim frequency and claim severity (the average claim, in dollars). Home insurance: the table covers homeowners policies and excludes tenants policies.
iii.org (opens in a new tab)Triple-I / State Farm · “US Dog-Related Injury Claim Payouts Hit $1.57 Billion in 2024” (press release)
“The average cost per claim increased from $58,545 in 2023 to $69,272 in 2024.”
iii.org (opens in a new tab)NAIC · “Flood Insurance”
“Flooding is the most frequent and expensive natural disaster in the United States. Yet, flood peril is not typically covered through most homeowners and renter’s insurance policies.” / “more than 20 percent of the National Flood Insurance Program’s (NFIP) claims coming from outside high-risk flood areas”
content.naic.org (opens in a new tab)NAIC · “Will my homeowners insurance policy cover water damage from a burst pipe?”
“Homeowners policies cover damage from a “sudden and accidental” discharge from a plumbing system.”
content.naic.org (opens in a new tab)SDSU Extension / UW–Madison / MSU Extension · “Renters insurance fact sheet”
“Deductibles can range from $500 to $2000. The bigger the deductible, the lower the premium” / “Accidental discharge of water or steam from within certain household systems or appliances”
climate.extension.wisc.edu (opens in a new tab)FEMA, National Flood Insurance Program · “Flood Insurance for Renters” (brochure)
“up to $100,000 of tenant-owned property” / “limited to a washer, a dryer, a freezer and the food in it” / “NFIP policies have a 30-day waiting period after purchase before they take effect”
agents.floodsmart.gov (opens in a new tab)Harvard Joint Center for Housing Studies · “Renters Vulnerable to Climate Disasters Amid Insurance Gaps”
“An estimated 55 percent of renter households nationwide have renters insurance” / “While approximately 34.8 percent of occupied residential units are occupied by renters, only 0.2 percent of all residential NFIP coverage covers renters’ assets or belongings.”
jchs.harvard.edu (opens in a new tab)NerdWallet · “How Much Is Renters Insurance?”
“The average renters insurance cost in the U.S. is $165 per year, or about $14 per month, according to NerdWallet’s rate analysis.” / “We based this estimate on a policy with $30,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.”
nerdwallet.com (opens in a new tab)APOLLO Insurance (insurer data) · “The Cost of Tenant Insurance in Canada in 2026”
“National Average (excluding Quebec & Yukon) $21.74 (per month)”
An insurer’s own data: the average tenant policy it issued between July 1, 2025 and June 30, 2026.
apollocover.com (opens in a new tab)Oklahoma Insurance Department · “Don’t underestimate the value of renters insurance”
“According to Bankrate, the average renter has more than $20,000 in possessions.”
oid.ok.gov (opens in a new tab)Atlanta News First · “Here’s why couple’s renter’s insurance won’t cover their flooded apartment” (news report)
From the broadcast, about a couple on the bottom floor whose apartment flooded when a pipe ruptured in the unit above: “Complexes only require renter’s liability insurance.”
youtube.com (opens in a new tab)Policygenius · “My neighbor flooded my apartment”
“your insurance company is going to try to recoup their loss from the at-fault party. This process is called subrogation”
A secondary source, used to explain how the process works, not for a statistic.
policygenius.com (opens in a new tab)Insurance Bureau of Canada · “Water Damage and Flood Protection”
“Damage caused by the backing up of sewers and drains is typically not covered by a standard policy.” / “Optional sewer backup is offered by most insurers” / “Overland flooding, which occurs when bodies of fresh water, such as rivers or dams overflow onto dry land, is typically not covered by a standard policy.”
ibc.ca (opens in a new tab)Government of Canada · “Be a flood ready renter”
“In most cases, your landlord’s insurance policy will cover their property and the physical building you’re renting, but not your personal property.”
canada.ca (opens in a new tab)Government of Canada · “Overland flood insurance”
“your landlord’s insurance will not cover damages to your personal property caused by overland flooding.”
canada.ca (opens in a new tab)Insurance Information Institute (Triple-I) · “Renters insurance”
“your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.” / “fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered.” / “if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.” / “It also pays for damage your pets cause.” / “The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage” / “a domestic partner is usually not automatically insured … He or she must be specifically named.”
iii.org (opens in a new tab)Triple-I · “Your renters insurance guide”
“Additional living expenses (ALE) coverage provides coverage if your home is destroyed by an insured disaster and you need to live elsewhere for a time.” / “A floater is a separate policy that provides additional coverage for more costly valuables if they are lost or stolen.”
iii.org (opens in a new tab)Show all 17 sources
Triple-I · “Facts + Statistics: Homeowners and renters insurance”
Table “Average Homeowners Losses, 2019-2023”, Liability row: “Bodily injury and property damage 0.06 37,174”
The columns are claim frequency and claim severity (the average claim, in dollars). Home insurance: the table covers homeowners policies and excludes tenants policies.
iii.org (opens in a new tab)Triple-I / State Farm · “US Dog-Related Injury Claim Payouts Hit $1.57 Billion in 2024” (press release)
“The average cost per claim increased from $58,545 in 2023 to $69,272 in 2024.”
iii.org (opens in a new tab)NAIC · “Flood Insurance”
“Flooding is the most frequent and expensive natural disaster in the United States. Yet, flood peril is not typically covered through most homeowners and renter’s insurance policies.” / “more than 20 percent of the National Flood Insurance Program’s (NFIP) claims coming from outside high-risk flood areas”
content.naic.org (opens in a new tab)NAIC · “Will my homeowners insurance policy cover water damage from a burst pipe?”
“Homeowners policies cover damage from a “sudden and accidental” discharge from a plumbing system.”
content.naic.org (opens in a new tab)SDSU Extension / UW–Madison / MSU Extension · “Renters insurance fact sheet”
“Deductibles can range from $500 to $2000. The bigger the deductible, the lower the premium” / “Accidental discharge of water or steam from within certain household systems or appliances”
climate.extension.wisc.edu (opens in a new tab)FEMA, National Flood Insurance Program · “Flood Insurance for Renters” (brochure)
“up to $100,000 of tenant-owned property” / “limited to a washer, a dryer, a freezer and the food in it” / “NFIP policies have a 30-day waiting period after purchase before they take effect”
agents.floodsmart.gov (opens in a new tab)Harvard Joint Center for Housing Studies · “Renters Vulnerable to Climate Disasters Amid Insurance Gaps”
“An estimated 55 percent of renter households nationwide have renters insurance” / “While approximately 34.8 percent of occupied residential units are occupied by renters, only 0.2 percent of all residential NFIP coverage covers renters’ assets or belongings.”
jchs.harvard.edu (opens in a new tab)NerdWallet · “How Much Is Renters Insurance?”
“The average renters insurance cost in the U.S. is $165 per year, or about $14 per month, according to NerdWallet’s rate analysis.” / “We based this estimate on a policy with $30,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.”
nerdwallet.com (opens in a new tab)APOLLO Insurance (insurer data) · “The Cost of Tenant Insurance in Canada in 2026”
“National Average (excluding Quebec & Yukon) $21.74 (per month)”
An insurer’s own data: the average tenant policy it issued between July 1, 2025 and June 30, 2026.
apollocover.com (opens in a new tab)Oklahoma Insurance Department · “Don’t underestimate the value of renters insurance”
“According to Bankrate, the average renter has more than $20,000 in possessions.”
oid.ok.gov (opens in a new tab)Atlanta News First · “Here’s why couple’s renter’s insurance won’t cover their flooded apartment” (news report)
From the broadcast, about a couple on the bottom floor whose apartment flooded when a pipe ruptured in the unit above: “Complexes only require renter’s liability insurance.”
youtube.com (opens in a new tab)Policygenius · “My neighbor flooded my apartment”
“your insurance company is going to try to recoup their loss from the at-fault party. This process is called subrogation”
A secondary source, used to explain how the process works, not for a statistic.
policygenius.com (opens in a new tab)Insurance Bureau of Canada · “Water Damage and Flood Protection”
“Damage caused by the backing up of sewers and drains is typically not covered by a standard policy.” / “Optional sewer backup is offered by most insurers” / “Overland flooding, which occurs when bodies of fresh water, such as rivers or dams overflow onto dry land, is typically not covered by a standard policy.”
ibc.ca (opens in a new tab)