Make Sure You Have Flood Insurance for Your Basement or Storm-Prone Apartment

Renter's insurance is worth your money, and you may be able to get it for free, but there is one thing it doesn't cover: flooding and water damage, as many people learned in the wake of Hurricane Sandy.

One writer at Investor Junkie explained that Sandy dropped a bunch of water on a tenant renting an apartment from him, and while she had renter's insurance, her losses weren't covered because they were due to a flood. Even worse, he didn't have flood insurance either, so he'll have to pay to clean up the mess.

If you rent an apartment, especially in a storm or flood-prone area, or a basement apartment in a city, and you have renter's insurance, you're already doing a lot correctly, but if your basement has a history of flooding or even you're worried the next big storm might come through and dump a foot of water on your floor, you need flood insurance as well. It's a painful lesson that many people?especially in the wake of Hurricane Sandy?have learned already, but it's worth emphasizing.

Renter's Insurance Doesn't Cover Floods | Five Cent Nickel

Photo by dvidshub.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/hZI881IzeyM/make-sure-you-have-flood-insurance-for-your-basement-or-storm+prone-apartment

alcatraz cruise ship martin luther king jr. zappos john elway john elway i have a dream speech