MANAGEMENT

Detailed explanation-1: -Yes, renters insurance protects your belongings if they’re damaged by leaks from the ceiling. For example, if water drips from another apartment or comes through the roof, and damages your couch or television, renter’s insurance can help replace your items. In this case, you’d want to make a claim with your insurer.

Detailed explanation-2: -Your homeowners insurance policy should cover any sudden and unexpected water damage due to a plumbing malfunction or broken pipe. However, most home insurance policies exclude damage to your home that occurred gradually, such as a slow, constant leak, as well as damage due to regional flooding.

Detailed explanation-3: -Most homeowners policies cover water damage from leaks and broken pipes, but there are exceptions. Always read your policy to see what’s covered. If you rent, the owner’s policy won’t cover your furniture, electronics, clothing, or other personal items. Consider buying renters insurance to cover your things.