Bed Bug Insurance

Bed bug insurance allows the property manager to simply turn the problem over to their insurer.

Bed bug insurance.

That s because in most cases renters insurance only covers loss when it s a direct physical loss. Bed bugs are a nightmare no landlord wants to deal with. Bed bug infestations are considered a matter of home upkeep whereas fire damage or lightning strikes are not. Get an instant renters insurance quote.

Because a bed bug infestation occurs over time it s not considered a direct or sudden loss. If you have a situation where you discover you have bed bugs you might wonder if your renter s insurance covers bed bug infestation. Please note the combined maximum coverage limit of extermination cost and lost business income is 15 000. Bed bugs are often listed under policy exclusions on renters or landlord insurance.

Here is what you need to know about bed bugs your insurance and what s covered or not. Bed bugs termites and other pests are excluded from homeowners insurance policies because they are seen as a preventable hazard. A landlord or homeowner should routinely inspect for pests and put the proper control procedures in place. This is partially because they are preventable.

Landlords can and should acquire bed bug insurance due to the ever present threat of these parasites particularly in densely crowded housing units. Renter s insurance like home and condo insurance covers sudden and accidental damages caused by insured perils. Much like taking care of repairs covered under a home insurance policy for a small amount each month a property manager can set aside the worry of dealing with this costly problem should it arise. The proper endorsement pays up to one week s worth of lost business income as a result of the bed bug claim.

Your renters policy doesn t cover standard maintenance. Bed bugs are almost always listed as an exclusion in both all risk or named peril policies. Although a bed bug infestation may feel like sudden and accidental damage it is not covered by renter s insurance or by other home insurance. The policy will help with extermination and cover any displacement costs that arise from moving the tenant.

Fudge insurance offers an affordable bed bug insurance program at 2 per night which the landlord can incorporate into rental fees. All you have to do is save your receipts. Unfortunately the vast majority of renters insurance companies do not cover bed bugs.