The share of households renting in Omaha is slowly rising: As of 2017, it’s right around 35 percent, according to the U.S. Department of Housing and Urban Development.
Renting an apartment or home frees you from many of the responsibilities of homeownership, like maintenance issues. But you still need to be prepared in case your personal property is damaged or stolen or if you are held legally responsible for an accident. Usually, the landlord’s insurance will not help in these situations.
The standard renters insurance in Omaha comes with three different types of coverages.
|Coverage type||What it covers|
|Personal property||Actual cash value or replacement costs of your personal belongings if a peril (e.g., fire or smoke, theft, lightning, windstorm) causes damage or loss, home or away|
|Liability||Legal costs, medical bills and property repair or replacement if you, a child or pet is responsible for accidental bodily injury or property damage|
|Additional living expenses||Necessary living costs (e.g., hotel, meals) beyond your normal spending if a covered event forces you out of a rental|
Each type of coverage carries a total limit the insurance company will pay out. Personal property coverage also has a deductible and may cap per-item coverage. When choosing a policy:
How much is renters insurance in Omaha?
Renters insurance in Omaha costs, on average, $12 - $13 per month. Your monthly premium depends on where you live, the coverage types and limits, the deductible, and your claims and credit history.
Omaha renters should ask about discount opportunities. Renters insurance companies in Nebraska offer savings for bundling renters and auto policies, having home safety features, paying premiums automatically or being claim-free.
When you buy renters insurance in Omaha, be aware that most policies do not cover floods. Omaha’s location in the Missouri River Valley means renters’ personal property is vulnerable to flood damage. Ask an agent about the option of purchasing a separate flood insurance policy.
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