Renters insurance<\/a> protects your rental unit or home from damage and this includes personal property and liability insurance for unpredictable events such as vandalism. Renters insurance provides a high level of coverage, similar to homeowners insurance. HO-4 renters insurance policies have three levels of coverage: Personal property, liability insurance, and loss of use<\/a>. If your apartment unit was vandalized by a thief or a violent mob, you can likely claim insurance for all repairs necessary that will include personal property. This guide will focus on the way insurance companies handle vandalism, what qualifies as vandalism, and how to file a successful claim.<\/p>\n\n\n\n
The official stance by insurance companies is that they cover vandalism<\/a> for all rental units and homeowner property. This applies to condos, houses, townhouses, temporary rentals, and other housing you insure on under an HO-4 policy. Rental insurance policies have 8 named perils on average and “vandalism” is a named peril. This means that if your rental unit is vandalized, you have grounds to file a claim with the company. <\/p>\n\n\n\n
The following are the most common forms of vandalism that you and your landlord can file claims for:<\/p>\n\n\n\n
Harmful acts against the property you rented will be sufficient for vandalism claims and you’ll be able to get reimbursed for the damages. If a rental property is vandalized, the landlord is responsible for fixing the damage.<\/p>\n\n\n\n
Renters insurance will provide multiple levels of financial protection for a vandalized home. The landlord<\/a> will be responsible for fixing the damage while you’ll be paid out for all personal property that was damaged in the act. The following levels of protection will kick in:<\/p>\n\n\n\n
There are certain limits that will apply for replacements and you’ll be able to claim between $1,000-2,000 per item. This amount should be enough to replace most vandalized property inside the home. Alternatively, you can insure separate high-value items by purchasing riders with the company. If you store valuables such as cash and jewelry in the home, consult the insurer to list those under your inventory at full replacement cost.<\/p>\n\n\n\n
Note: Each insurance provider will have sub-limits on different types of property. For example, they may have a $3,000 limit on appliances. Moreover, they’ll only pay out the current market value of the vandalized property. If a damaged laptop cost $1,000 to purchase but is now worth $400, the insurance company will only pay $400. This is called an “Actual Cash Value” payout. The only way to get around this is to purchase replacement cost riders that cover you for the original value you paid.<\/em><\/p>\n\n\n\n
If your home was vandalized and you have a renters insurance policy<\/a>, you’ll have to provide basic evidence to the insurance company to make your claim. This claim is essentially a request for the insurer to compensate you for a certain loss. You can make a claim for personal belongings<\/a>, liability insurance, and living expenses at the same time. Here’s how you should file a claim for vandalism step by step:<\/p>\n\n\n\n
Filing a claim for vandalism can be a lengthy process if you have to visit the PD for a report, but as long as you have all the documentation, you should be able to persist in the claim successfully.<\/p>\n","protected":false},"excerpt":{"rendered":"
Renters insurance protects your rental unit or home from damage and this includes personal property and liability insurance for unpredictable events such as vandalism. Renters insurance provides a high level of coverage, similar to homeowners insurance. HO-4 renters insurance policies have three levels of coverage: Personal property, liability insurance, and loss of use. If your … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":177591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"generate_page_header":""},"categories":[89],"tags":[],"ppma_author":[117],"acf":[],"authors":[{"term_id":117,"user_id":1,"is_guest":0,"slug":"admin","display_name":"Homeowners Insurance Cover","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/cef015578ecb5bf0b81c951a3f88b627?s=96&d=https%3A%2F%2Fhomeownersinsurancecover.net%2Fwp-content%2Fuploads%2F2023%2F02%2Fcropped-insurance-house-icon-min.png&r=g","description":"","first_name":"","last_name":"","user_url":""}],"_links":{"self":[{"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/posts\/177589"}],"collection":[{"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/comments?post=177589"}],"version-history":[{"count":0,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/posts\/177589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/media\/177591"}],"wp:attachment":[{"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/media?parent=177589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/categories?post=177589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/tags?post=177589"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/homeownersinsurancecover.net\/wp-json\/wp\/v2\/ppma_author?post=177589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}