|According to Mary Jo Hudson, former director of the Ohio Department of Insurance,
and Cincinnati attorney William J. Reynolds of Fifth Third
Bank, some natural disasters, such as floods and earthquakes, are not
generally covered by a renter’s or homeowner’s insurance policy. However, fires, lightning, windstorm, hail, some water
damage, thefts, and many other things are included in even the most
Most homeowners carry a mortgage and must buy homeowner’s insurance as a
requirement of their loan. Renters, however, have a choice, unless
purchasing insurance is required under the terms of their lease.
choose to go without renter’s insurance, even though they have many of
the same risks as homeowners when it comes to protecting possessions or
being liable for home accidents.Check out the Law You Can Use column "What you need to know about renter's insurance" to find out more.