Best Renters Insurance Companies in Portland, OR

Portland, OR Renters Insurance FAQs

• Does renters' insurance cover natural disasters like earthquakes or floods in Portland?

  Generally, a standard renters' insurance policy in Portland does not cover natural calamities such as earthquakes and floods. You may need to get separate earthquake and flood insurance if you want coverage for your belongings when renting an apartment or house. Federal loans through FEMA are made available for people with inadequate or no insurance at all in the event that a natural disaster hits your area.

• Do you have loss-of-use coverage in your renter's insurance in Portland?

  Loss-of-use coverage is typically not an automatic feature in your renter's insurance in Portland. This coverage covers any expenses that come from not being able to use your rental unit during a major disaster or wildfire. It may incur an extra cost on your monthly premium, but it will protect you from financial burden in any unforeseen event. 

• Will your renters' insurance in Portland cover your losses if you are a victim of burglary?

  Yes. Your renters' insurance will cover your losses if you become a victim of a break-in or burglary in Portland. It pays for the cost of replacement for your appliances, furniture, clothes, and other personal belongings, including your vehicle and storage unit. Take note that your landlord's insurance policy will not be able to cover losses in cases of burglary.

• How long does it take for a renters' insurance claim to be processed in Portland?

  The processing time of a renters' insurance claim in Portland will depend on the surrounding circumstances of your case. However, insurance companies are given 30 days to acknowledge any insurance claims from a tenant and provide any necessary forms. The investigation by the insurance carrier will also need to be completed within 45 days and maintain an open line of communication with the claimant.

• Can you transfer your renters' insurance to a new rental property in Portland?

  Yes. You can transfer your renters' insurance policy to another rental unit in Portland. You do not have to cancel your existing rental property policy if you will be transferring to another location. However, transferring to another location may raise your monthly premiums, depending on the location and type of property.