Renters Insurance and Government Housing
If you reside in government housing, such as the housing that is provided on military bases, you need to know about renters insurance and government housing. Renters insurance and government housing go hand-in-hand. The military is not responsible for the loss of your personal property in the event of a disaster. Therefore, renters insurance is highly recommended.
The military recommends that their service men and women who reside in military housing purchase renters insurance. The military may find you are at fault for damages done to government housing property, but this will not affect your insurance company’s responsibility to pay for damages to your property.
In most cases, your renters insurance will cover you in the event that you, your spouse, or your child damage your quarters in anyway. The military will require you to pay for damages – and you can use your renter’s policy to do this, as long as your policy has adequate coverage. You need to discuss the possibility of this with your insurance agent.
The same holds true for private citizens who live in HUD subsidized housing. The government will hold you responsible for damages done to the property. If you have renters insurance, the policy should cover you for these damages – no matter who is at fault. However, if you purposely destroy your own belongings – belongings that are not attached to the structure that you live in – your policy will not cover these damages in most cases.
Your renters insurance will also protect you if somebody hurts themselves on your rented property – including property that is rented from the government, or provided by the government free of charge. If you don’t pay rent, but you are provided with housing, you can still carry a renters policy to protect your belongings that are housed on that property.
If you live in government housing of any type, you need to talk with an insurance agent immediately to learn more about renters insurance and government housing. Renting from the government is not like renting from a private landowner, and you need to ensure that you are totally protected for all possible events. Without renters insurance, you may find out too late that you are responsible for damages that you cannot afford to pay for!
