Will renters insurance cover my roommates belongings?

As a renter, you have personal belongings that have both actual and sentimental value. Renter insurance, like homeowners’ insurance, protects your belongings. It’s safe to say that renters’ insurance is a renter’s form of homeowners insurance. Your items are protected if stolen or damaged by a covered incident. Our team at Wichalonis Insurance Agency is committed to helping Cumming, GA renters understand renters insurance.

What is renters insurance?

Renters’ or tenants’ insurance is designed to cover your personal belongings while you rent. However, renter insurance doesn’t cover the dwelling or structure of the rented space, just your belongings. However, like any form of insurance, anything that happens to your belongings must be a covered incident for your renter’s insurance to pay for the repair or replacement of your items. Renters’ insurance may sometimes cover small changes or alterations made to a rented space. Renters insurance also pays for any items stolen from your car as well. 

Will renters insurance cover my roommate’s belongings?

No. Unless your roommate is on your renter’s insurance policy, her items aren’t protected by your insurance policy. Although you share the same rented space, only your items are insured. Your roommate will need to get her own policy or perhaps put it on your policy for their personal belongings to be covered. It should also be noted that renters’ insurance will not cover personal items you accidentally break or that break due to poor quality. Call us if you have questions about renters insurance and what’s covered. We’d be happy to answer your questions and explore your options.