Why Renters Submit Insurance Claims

Renters insurance is an inexpensive way for tenants to protect their belongings in the event of a loss. There are a variety of reasons why a renter might submit a claim to his or her insurance company.

Theft

Whether the theft occurs during a burglary or a cocktail party, renters are likely to report theft claims to recover stolen property. These losses can include stolen jewelry, cash or other valuable items.

Property Damage

While most insurance policies exclude damage caused by the insured, renters may still file a claim if their personal property is damaged or destroyed by someone else. Personal property can include clothing, electronics, furniture and even appliances.

Liability

Renters often file claims to indemnify those who are injured in their homes. Liability coverage can also be used to repair or replace the property of others when damaged by a policyholder.

Fire

Renters may file claims to repair or replace property damaged in a fire. Consumers should know that insurance companies will strongly consider the source of the fire when choosing whether to pay a fire damage claim.

Natural Disasters

Many insurance companies exclude natural disasters, or "acts of God," from the list of covered perils under a renter's insurance policy. However, there are companies that will cover claims for flood or wind damage when filed by a policyholder.