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Renters/Homeowners Insurance FAQ
  1. I've purchased an expensive bicycle. Will my homeowners or renters insurance cover it?

  2. I planted several expensive shrubs and trees in my yard. Are these covered under my homeowners insurance?

  3. I want to rent my home. Are there insurance issues to consider?

  4. Can I get specific insurance for jewelry or art? Would that be covered under a homeowner's policy?

  5. My neighbor's tree fell across my fence. Will their insurance cover the damage?

  6. I'm building a new home. Do I need to insure it while it's under construction?

  7. My child is heading off to college this fall. What property insurance issues does this raise?

  8. My friend and I share an apartment. Will her renter's policy cover my possessions?

  9. Will my homeowner's policy cover me for losses that occur outside of my home?





  1. I've purchased an expensive bicycle. Will my homeowner's or renter's insurance cover it?

    Like most of your personal property, your bicycle should be covered under the named perils section of your homeowner's or renter's insurance policy for both on and off premises damage. But keep in mind that your deductible may exceed the cost of the bicycle.

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  2. I planted several expensive shrubs and trees in my yard. Are these covered under my homeowner's insurance?

    Homeowner's insurance does provide coverage for damage to trees, shrubs, plants and landscaping. However, the amount of coverage can vary significantly from one policy to another.

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  3. I want to rent my home. Are there insurance issues to consider?

    As you might have guessed, rental property owners have unique insurance needs. A standard homeowner's policy isn't appropriate for rental property, because (1) you don't need to insure the contents of the house unless you provide furnished accommodations; (2) you need to be more concerned about liability issues; and (3) you need to protect yourself against the loss of rental income.

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  4. Can you get specific insurance for jewelry or art? Would that be covered under a homeowner's policy?

    Homeowner's insurance does provide coverage for personal property, but this coverage is limited. Under a standard homeowner's policy, the coverage for all your personal property is limited to 50 percent of the coverage amount on your home. You can increase your personal property coverage by purchasing either an additional endorsement or a rider.

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  5. My neighbor's tree fell across my fence. Will their insurance cover the damage?

    In most cases, your insurance will be the one to cover the damage. Although the tree fell from your neighbor's property, the damage affected your property. Your homeowner's insurance covers damage to your property, so you should file a claim with your insurance company.

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  6. I'm building a new home. Do I need to insure it while it's under construction?

    You should consider insuring your new home during construction. Otherwise you may be exposing yourself to a great deal of risk if a fire, theft or other event damages or destroys your partially completed home.

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  7. My child is heading off to college this fall. What property insurance issues does this raise?

    Check your homeowner's policy to be sure your child's possessions are covered. If your child lives in a dorm or other university housing, their personal property will typically be covered under your policy. Check for coverage limitations on computers and stereos, if your child can't live without these. Once students move out of the dorms and into apartments, they are usually no longer covered under your policy. Off-campus students should purchase renter's insurance to cover their possessions.

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  8. My friend and I share an apartment. Will her renter's policy cover my possessions?

    Unfortunately, renter's insurance and other homeowner's insurance policies are designed for single individuals and traditional families. So when unrelated individuals share a residence, insurance coverage can become complicated. Insurance companies suggest that each person buy renter's insurance policies. Insurance policies vary from one company to the next, so be sure to pose this question when applying for the coverage.

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  9. Will my homeowner's policy cover me for losses that occur outside of my home?

    Check your policy. Homeowner's policies regularly provide protection for off-premises destruction or theft, which covers your possessions while they are outside your home. If your policy does not contain off- premises protection as part of your standard coverage, you may be able to purchase this coverage for an additional charge.



NOT A DEPOSIT NOT FDIC INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
MAY LOSE VALUE NOT GUARANTEED BY THE BANK


Insurance products are available through U.S. Bancorp Insurance Services, LLC, in Montana U.S. Bancorp Insurance Services of Montana, Inc., and in Wyoming U.S. Bancorp Insurance & Investments, Inc. All are licensed insurance agencies and subsidiaries of U.S. Bancorp and affiliates of U.S. Bank. U.S. Bank is not responsible for and does not guarantee the products and services, or the performance of the products or services, offered by its affiliates or by third parties. Policies are underwritten by unaffiliated insurance companies and may not be available in all states. CA Agency Number 0E24641.

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