With the rain we got two nights ago, a ceiling leak occured which ruined our mattress. We have renters insurance but dont want our rates to rise. There was a water spot (small) originally there (past leaking maybe) so I am thinking they fixed it and coverd it up. Problem is though they are saying they dont cover damages to personal property. Is there a specific regulation we can defer to to get them to own up to what is their fault on poor maintenance or are they right and they dont need to worry about the rentee's property?
Man, if you can avoid filing the claim, DON'T FILE! My homeowners got dinged because a renter's insurance claim 5 years ago.
I have renter's insurance as well. Luckily haven't had to claim anything yet. Hopefully it stays that way.
how much is the mattress worth and what is your deductible? Any plans to buy a house in the next 5 years?
Renters insurance covers your personal property and personal liability. Your apartment complex/landlord is responsible for roof damage. Your deductible is usually 1% of your personal property coverage, but some companies have a fixed amount deductible. Check with your agent, or look at your declarations page. Chances are you'll have to cut your losses and buy a new mattress, it's not worth filing a claim. Sorry bro.
Gotta love insurance. Something happens and the oh no don't make a claim because then they will really screw ya.
I do not understand why premiums would increase for prior claims. Shouldn't any potential claims already be included because of actuary's estimates. The customer should not be faulted for an accident.
Maybe among other reasons. Exactly so you will not make a claim so the rates do not go up. Like someone said they made a renters insurance claim and 5 years later it is affecting there home insurance rates. Yahhh that's related. Do actuaries also look at every possible way a corporation can save money, or am I wrong??
I've never heard renter's insurance NOT covering personal property. The deductible on renter's insurance usually ranges from $100-1000. Most common I see is $500 deductible. If you file a claim on home or renters insurance it's going to be on your loss history report for 5 years. That's 5 years of paying higher rates prior to filing the claim. The point of having home/renters insurance is for major claims like a total loss due to fire, theft, or major damages from wind or rain for example. If it's a simple thing like a mattress. I'd replace the mattress out of pocket as much as it may suck and then have the landlord make sure to fix the ceiling.
