Won’t my Home Owners insurance cover my stored property?
Some Home Owner insurance policies cover what is in storage, but some do not. If your policy does cover what is in storage, there may be stipulations as to what types of property may be covered. Home Owners insurance policies are issued in many levels. If you are unsure of the coverage with your Home Owners policy, check with your insurance agent.
Is flooding covered through SBOATI?
Similar to homeowners and renters insurance policies, damages from rising waters or floods is not covered. Specific flood insurance can be obtained with a separate policy through your Home Owners Insurance company.
What is the difference between burglary and theft?
Burglary is when there are visible signs of forced entry, such as, a cut lock or hasp. Theft does not require forcible entry. Theft is not covered by the SBOATI.
When does my coverage start?
Your coverage will start when you have completed and signed the addendum and paid your first month’s premium.
When does my coverage stop?
This is a pay-with-rent program and is renewed each month when your monthly rent and premium is paid. If and when you terminate your lease and move out of your unit, the coverage will end at that time.
What if I want more than $5,000 worth of coverage?
If you require more than $5,000 worth of coverage, you can contact a customer service agent toll free at 1-888-288-9148 to obtain up to $20,000 in coverage.
If I store my motorcycle in my unit is it covered?
SBOATI does not cover vehicle storage. even if your motorcycle is in an enclosed space with your other items, it will not be covered in the event of an unexpected incident.