Frequently Asked Questions

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What is renters insurance?

Renters insurance is insurance that protects renters personal property and liability and offers loss of use and medical payment coverage.

Why is renters insurance important?

Renters insurance is important to protect yourself from an unexpected event. Renters insurance is affordable and offers various types of protection.

Is renters insurance affordable?

Renters insurance is affordable. The average montly payment for a renters insurance policy in Illinois is $14.25 a month.

Does renters insurance have a deductible?

Yes, renters insurance has a deductible. A deductible is the out-of-pocket expense policyholders agree to pay before the insurance company agrees

Is renters insurance required by law?

Renters insurance is not required by law but some landlords may require it.

Is renters insurance tax deductible?

Renters insurance is only tax deductible if you are using the rented space for business purposes.

Who can get renters insurance?

Anyone that rents is eligible for renters insurance.

Will renters insurance cover dog bites?

Renters insurance will cover dog bites only if animal liability is on the insurance contract.

Will renters insurance cover hurricane damage?

Renters insurance does not cover hurricane damage.

Will renters insurance cover flood damage?

Renters insurance does not cover flood damage.

Will renters insurance cover mold?

This depends on your policy. Mold coverage is not included in a basic renters insurance policy.

Will renters insurance cover hotel costs?

Renters insurance covers loss of use if your home is not habitable due to damage caused by an insured peril.

Will renters insurance cover spoiled food?

Renters insurance will cover spoiled refrigerated food if your policy has a refrigerated food endorsement.

Will renters insurance cover stolen cash?

Renters insurance will cover stolen cash, up to the stated policy limits.

Will renters insurance cover car damage?

Your renters insurance will only cover stolen personal belongings inside that car, not the actual car itself.

When should I file a renters insurance claim?

A good rule to follow is to file a claim when the amount of damaged property is more than the deductible.

When does renters insurance take effect?

Where can I get renters insurance?

You may get renters insurance with Insurance Navy at our offices, online, over the phone or through our mobile app.

Can renters insurance be cancelled?

Renters insurance may be cancelled at any time at the customer’s request or for non-payment.