Question

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? A)Your basement floods, causing you to loose a valuable collection. B)A fire destroys almost all your possessions. C)A tree branch breaks your bedroom window during a storm. D)A burglar makes off with your laptop while you're out of town.

Answer 1

I would say that B), C) and D) would apply as events that would be covered by one's own homeowner insurance for sure. The flooding, as long as it wasn't one's own fault, ie it was the neighbour's fault or it ingressed from outside for example should be covered by the building insurance if it is a strata complex and if one has a deductible for flooding in case of one's fault, that will help too.

Answer 2

Hello there,

Statement:Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?

Answer: C. A tree branch breaks your bedroom window during a storm.

Explanation: A renters insurance consists of all the things that the renter owns but the owners insurance consists of all the damage that is done to the house itself and not the possessions. In this case, the tree destroys the window that is part of the house and not the renters possession, therefore its will come under the home owners insurance.  

Thanks for asking