Bed Bug Insurance

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.

Bed bug insurance.

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. Get an instant renters insurance quote. All you have to do is save your receipts.

That s because in most cases renters insurance only covers loss when it s a direct physical loss. A landlord or homeowner should routinely inspect for pests and put the proper control procedures in place. Bed bugs are often listed under policy exclusions on renters or landlord insurance. The policy will help with extermination and cover any displacement costs that arise from moving the tenant.

Here is what you need to know about bed bugs your insurance and what s covered or not. Bed bugs are almost always listed as an exclusion in both all risk or named peril policies. Bed bugs are a nightmare no landlord wants to deal with. The proper endorsement pays up to one week s worth of lost business income as a result of the bed bug claim.

Unfortunately the vast majority of renters insurance companies do not cover bed bugs. Bed bug insurance allows the property manager to simply turn the problem over to their insurer. Bed bugs termites and other pests are excluded from homeowners insurance policies because they are seen as a preventable hazard. Other types of renters insurance may only cover sudden physical 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. Bed bug insurance allows owners to deal swiftly with the problem and turn their expenses over to their insurance agent. 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.

Bed bug infestations are considered a matter of home upkeep whereas fire damage or lightning strikes are not. Because a bed bug infestation occurs over time it s not considered a direct or sudden loss. Not only is this a short term rental industry first but we believe bed bug insurance coverage is an insurance industry first.