Frequently Asked Questions

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Renters Insurance FAQ

What is renters insurance?

It protects renters personal property and liability. It also offers loss of use and medical payment coverage.

Why is it important?

Because it allows you to protect yourself from an unexpected event. Renters insurance is affordable and offers various types of protection.

Is it affordable?

Renters insurance is affordable. The average monthly payment for a renters insurance policy can vary. But in Illinois it’s $14.25 a month. Call one of our agents or use our website to get a renters insurance quote.

Does it have a deductible?

Yes, renters insurance has a deductible. A deductible is the out-of-pocket expense policyholders agree to pay. This is before the insurance company agrees.

Is it required by law?

It is not required by law. But some rental property landlords may require it.

Is it tax deductible?

It can be tax deductible. Only if you are using the rented space for business purposes

Who can get renters insurance?

Anyone that is a renter is eligible to obtain it.

Will renters insurance cover dog bites?

It does cover dog bites. As long as animal liability is on the insurance contract, there is coverage.

Will it cover hurricane damage?

There is no coverage for hurricane damage in renters insurance.

Will it cover flood damage?

There is no coverage for flood damage in this type of insurance.

Will it cover mold?

It all depends on the policy you buy. Mold coverage is not included in a basic insurance policy.

Will it cover hotel costs?

Renters insurance covers loss of use. In the event your home is not habitable due to damage caused by an insured peril.

Will it cover spoiled food?

It will cover spoiled food. As long as your policy has a refrigerated food endorsement.

Will it cover stolen cash?

Renters insurance will cover stolen cash. Only up to the stated policy limits.

When should I file an insurance claim?

There is a good rule to follow. You should file a claim when the amount of damaged property is more than the deductible.

Where can I get renters insurance?

You may get renters insurance with Insurance Navy at any of our offices. You can also go online, call over the phone or through our mobile app.

Can you cancel renters insurance?

You can cancel Renters insurance at any time you want. The company can cancel it at the customer’s request. As well as for non-payment.

More Information

Need more information about the importance of a security deposit, or what to do when receiving a written notice to vacate? Our agents and customer service representatives are here to help with your renters coverages questions. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

We also have a strong presence on social media. So, like or follow us on Twitter, Facebook, Instagram, or Pinterest. After that, we can keep you updated on helpful news and tips regarding rent payment, lease agreements for property owners, and much more.

Additionally, we can help you find an insurance quote right on our website. Because we want  to help you save money wherever possible, we offer our insurance quotes completely free of charge. By navigating our website, you can also inform yourself with many useful topics, such as property management insurance, liability coverage, application fees, etc.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From how often you should shop for car insurance, to information on the Uber rewards program.