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What Does Renters Insurance Cover

Ronnie Said:

Does renters/condo insurance usually cover damage caused by a leaking water pipe?

We Answered:

There is usually $5000 in coverage for the structure. Basically you own the walls in on a condo. Condo Owners Insurance is usually named peril, so you just need to see if water damage due to plumbing problem is one of those perils.

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