Benefits of Having Renters and Car Insurance When Disaster Strikes

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Shivangi Gupta
Shivangi Gupta
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There are a number of benefits of having renters and car insurance if you live in disaster-prone areas. Cities like Texas, Florida, and Michigan have to deal with extreme weather conditions. In addition, they witness disasters like floods and hurricanes.

If you live in these states, who would know how important it is to have a car and renters insurance. Renters and car insurance are two different kinds of insurances that you must have. There are many insurance companies like GEICO, Allstate, MetLife, etc, that will offer you fairly good claims. You can even shop for insurance quotes online.

There might be many questions in your mind regarding the benefits of getting a rental or car insurance. Here, we will try to answer all your question.

Why is Car Insurance Expensive in Some States?

States like Michigan, Louisiana, Florida, Texas have expensive car insurance. There are many factors that affect the insurance rates in these states. Florida ranks third in the US for its high car insurance rates. Some points that affect these rates are:

  1. High-Risk Drivers
  2. Busy Roadways
  3. Uninsured Drivers
  4. Extreme Weather Conditions
  5. Disasters like Floods and Hurricanes

The average car insurance rate of Florida is $2,587 for full coverage. In Michigan, the average insurance rate is $2,105. It might be a little hard, but you can still find some cheap car insurance in Michigan, Texas, and other states as well. You can also fetch insurance discounts.

Moving ahead, lets get into the benefits of renters and car insurance if you live in a disaster prone areas.

Benefits of Having a Renters and Car Insurance

There are many benefits of having insurance if you live in a state when disaster is a common occurrence. Some of the disasters that Insurance covers are:

Car Insurance

  1. Flood
  2. Wildfire
  3. Hurricane
  4. Earthquake
  5. Hail
Benefits of car insurance when disaster strikes
Source: Insurance

Renters Insurance

  1. Hail
  2. Lightning
  3. Windstorms
  4. Wildfire
  5. Weight of ice, snow, or sleet

Insurance Coverage is a Safety Net

Insurance is one of the safest and easiest ways to limit your risks. You can get insurance for your home, car, boats, and more. When disaster strikes, your insurance will help you cover the damage caused by the accident.

Your house was damaged by a windstorm? Your insurance will save you. Got in a car accident? Your car insurance comes to the rescue by covering damages.

Insurance Coverage Safeguards you Against Lawsuits

If you ever get into a car accident or something goes wrong, you could be held liable for damage to other people‘s property. If the accident led to an injury or the vehicle is damaged you will be responsible for the repairs and the medical bills.

Similarly, if something happens in your home, you can be held responsible. However, if you had insurance prior to any accident, the insurance company will take care of all the damages. It will also help you to limit the legal risk caused by an accident.

Insurance Covers Additional Expenses

Suppose, due to a natural disaster your house caught fire and your car had an accident. But the disaster did not do any damage to the rest of the world. One way or the other you will have to spend time and money to fix your home and your car.

In such a case if you had car insurance or renters insurance it would become their responsibility to cover all the damages. In addition, most insurance plans also include coverage for rental cars, hotels, and all the temporary needs that you require till the time your house is fixed.

Extra Coverage: In What Ways Does Renters Insurance Help?

When disaster strikes it is not just a house or a car that faces damage, it is the life of people that is disturbed. Most of the Renters insurance also helps you pay for other expenses. These expenses include:

  1. Additional living expense coverage
  2. Debris Removal 
  3. Emergency Removal of Property 
  4. Power Interruption
  5. Temporary Repairs After a Loss 


Getting insurance is a wise decision that will help you in difficult times. These were some of the reasons why you must get car and renters insurance if you live in disaster-prone areas. There are certainly many insurance companies to choose from. These companies will take care of all the damages and repairs. It is better to be prepared than to suffer. Do your research vividly and set your property and assets secure. 

Feature Image Credits: LowestRates


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