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Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance.
As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy.
If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location).
Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.
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Is renters insurance included in your rent?
Chances are: no. Renters insurance covers your personal property and liability and not your landlords. As such they would have little reason to provide insurance on your behalf. Luckily, renters insurance is usually very easy to obtain and even more affordable. A quick google search for renters insurance will direct you to plenty of sites that can assist you with obtaining a policy.
Can you carry renters insurance over to a new home?
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
Can a landlord require that he be named as a beneficiary on renter's insurance?
Renters insurance covers only the renters stuff. You would not be covered as you do not have an insurable interest on his stuff.
Is renters insurance required in California?
Unlike auto insurance, there is no state law in California that requires a renter to carry insurance. However, there is a growing trend of Landlords requiring their tenants to carry renters insurance as a part of their lease agreement. Regardless of whether or not your landlord requires you to maintain insurance I would recommend looking into obtaining a renters policy for yourself. Renters insurance is usually very cheap in California. Many renters policies not only cover your personal property in your apartment, but anywhere in the world as well.
Does renters insurance cover items in storage?
most of the time NO renters insurance only covers whats in an APARTMENT. However you can get insurance from the storage unit to cover whats being stored in the unit..hope this helps
Do renters need homeowners insurance?
NO, But they can get Renters or Tenants insurance
What company offers E Renters Insurance?
There are many companies that offer renters insurance (there is no such thing as E renters insurance). Most major insurance agencies such as Allstate and State Farm will offer this.
What is the best renters insurance for a college student?
There are many companies that offer renters insurance. The best place to purchase renters insurance will depend on your location and individual situation. Some of the top rated renters insurance companies are Travelers Insurance, State Farm, Liberty Mutual, and Farmers Insurance.
What is Broad Form insurance for renters?
Multi Peril Renters Insurance policy...Coverage for your stuff.
How can I get great renters insurance?
You can get great renters insurance at the following sites...www.geico.com Get a Quote or personalinsure.about.com/od/renters/a/aa021107a.htm good luck
How much does the average renters insurance cost in PA?
In the average rates for renters insurance, auto insurance, and home insurance, Pennsylvania is usually lower! In 2007, the average rate for PA renters insurance was only $144!
What about renters insurance makes it a necessity?
Renters insurance provide protection to a person and their home. As of 2013, the rates for renters insurance are lower than before, which provide many great deals.
Does Farmers insurance offer inexpensive renters insurance?
Yes, Farmer does offer renters insurance. Most renters insurance is very inexpensive, you can receive an estimate by answering some simple question on Farmer's website.
What is the percentage on renters that actually get renters insurance?
About thirty percent get renters insurance. Renters insurance should be the top priority of any renter however. It helps just in case a strom, or anything else does damage to the place one is renting.
If you are driving your roommates car and damage it in your driveway whose insurance covers it?
Insurance follows the car. Your roommates insurance will cover the damage providing that he has "collision" coverage.
Where can I check the cost of insurance?
Renters insurance is a lot different than car insurance. You can find renters insurance from the State Farm Insurance website. Auto insurance is available on Progressive.
Where could a person buy renters insurance online?
Companies such as Wells Fargo and Progressive offer renters insurance online. Purchasing renters insurance is always a good idea, you never know what will happen.
