Do we need flood insurance in St petersburg/Tampa FL region for the rented apartments?

Question

per my understanding, home owners must have flood insurance in Tampa bay area, but is it required for renters? Who is responsible for the damage to the apartment in case of flooding?

Answer 1

Let me put it like this, homeowners are often required by their mortage holders to purchase flood insurance because of the location of their home. As a renter no one requires you to have flood insurance.

The owner of the apartment complex is required to have insurance and maybe flood insurance, based on location; but all that insurance covers is the owners property. Nothing owned by you is covered by the apartment complex insurance.

If you own anything you can't afford to lose you should look into renters insurance. The renters insurance company can advise/recommend if you need flood insurance based on your location. Since most of Pinellas County is barely above sea level, it would probably be worth your while to obtain the additional policy.

A friend of mine in Mississippi lost his home during Hurricane Katrina. His home was far enough from the water that he wasn't required to have flood insurance and didn't. The hurricane force winds didn't damage his home, but 18" of water throughout for a few hours pretty much destroyed everything. He didn't have flood insurance and his normal insurance didn't pay for any repairs. Long story short, he lost the house and is in debt.

Good Luck!

Many insurers in the US do not provide flood insurance in accordance to the risk factors established in some portions of the country. In response to this, the federal government created the controversial National Flood Insurance Program which serves as the insurer of last resort.

Answer 2

You aren't required to have flood insurance for the building itself, but renter's insurance is a great idea.

You would have to check with the insurance company to see if it covers 'flood resulting from high winds, etc, etc.

The landlord ONLY covers the building NOT the contents (your stuff).

If I remember hearing correctly some insurance companies were trying to deny claims from Katrina cause the flooding in some areas were from flooding due to wind - or flooding due to ______...

So make sure the flood coverage is for any possible type of flooding.

Answer 3

there's no such ingredient as a de facto executor. You were both appointed executor by way of the court docket or you've been no longer. you're literally not personally to blame on your mom's money owed. in the experience that they have got a declare it really is a declare adverse to the valuables and they can make that declare with the probate court docket. in case you do not commence a probate action, then the owner might want to could commence it herself, as a creditor of the valuables. no one needs to objective this. She is mendacity. If she had certainly consulted a criminal professional, the criminal professional might want to be contacting you straight away. more effective probably is she consulted a criminal professional and the criminal professional advised her there is no longer some thing to be carried out yet she is ignoring that suggestion. go ahead and call her and allow her comprehend that you is basically no longer paying a dime and that if she is going to proceed her contacts she will be able to pick to comply with the straightforward Debt sequence Practices Act.

Answer 4

No one requires renters to have insurance, but it's a good idea. The owner should insure the property itself. You just insure the contents that you own.