An all-perils renter's insurance policy does cover water damage, if the damage is a result of a water leak inside the structure, like from a burst pipe or faulty water sprinkler, say. Damage caused by rising water from an exterior source, such as a flood, would not be covered by renter's insurance. Separate flood insurance would need to be purchased through the National Flood Insurance Program or a private carrier that offers flood insurance in the region where the dwelling is located (though you need only buy coverage for your belongings, not the building itself).
Products underwritten by Nationwide Mutual Insurance Company and Affiliated Companies. Not all Nationwide affiliated companies are mutual companies, and not all Nationwide members are insured by a mutual company. Subject to underwriting guidelines, review, and approval. Products and discounts not available to all persons in all states. Nationwide Investment Services Corporation, member FINRA . Home Office: One Nationwide Plaza, Columbus, OH. Nationwide, the Nationwide N and Eagle, and other marks displayed on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise disclosed. © 2017 Nationwide Mutual Insurance Company.