Am I Covered Under Roommate's Renters Insurance?

Source: InsuranceUSA

Sharing rooms has become common among many students and office going people who are based in different places, away from their hometown. Selecting a compatible roommate and a good accommodation is always considered to be a problem. However there are certain policies that are referred to as renter's insurance policies that are specifically designed for single individual families and also many traditional families. Hence, when two unrelated persons share a residence, there are many complications developed relating to the coverage of the insurance policy. There are different insurance laws, in different states, while the insurance policies also vary from one company to another. There are certain factors that all insurance companies try to maintain and this includes the maintenance of separate renter's insurance policy to cover the personal property insurance. It is always recommended that you create an inventory of your possessions so that a proper evaluation of all the assets are maintained, so that there is no question about the fact, that which insurance covers which of your items, in case you are required to file a claim. In such cases it becomes very necessary to maintain an inventory of all the assets of the household.


There are many insurance companies that have different insurance policies for all those people who share rooms. These all are listed in a single renter's insurance policy. In case your insurance company policies are structured in such a way, then you and your room mates can make a purchase of all the renters' policy in order to cover up all the possessions. It is very essential that each persons name is listed in the insurance policy, and the policy should be enough so that it is able to cover all the persons who are in the room. Another important factor that is required to be kept in mind in these circumstances is that, whenever a new room mate enters a room or another leaves the room, the insurance policy is required to be revised. It becomes a more complicated in the cases of couples who are not married, but are living together on a shared basis. Many insurance companies provide the facilities, of automatically extending the coverage to any resident of the policy holder's household, who can fit into the definition of a domestic partner. However, it is required that each of the partner have a separate insurance renters insurance policy in order to cover the personal property insurance. However, this is not considered to be a perfect solution, because even the unmarried couples are also having joint property. The best option is considered to be that, which makes a detailed record of the things that is actually purchased, and that which makes an accurate claim, whenever a need arises.