{"id":1250,"date":"2018-12-27T17:08:37","date_gmt":"2018-12-27T21:08:37","guid":{"rendered":"https:\/\/www.protectiveagency.com\/blog\/?p=1250"},"modified":"2024-02-23T17:21:30","modified_gmt":"2024-02-23T21:21:30","slug":"roommate-need-renters-insurance","status":"publish","type":"post","link":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/","title":{"rendered":"Does My Roommate Need Renter\u2019s Insurance Too?"},"content":{"rendered":"<p>Whether you\u2019re renting a house or an apartment, having a roommate to split bills and responsibilities with can be quite helpful, as long as each person pulls his or her own weight. Yet it\u2019s important to remember that insurance works a little differently than utilities and the other stuff you\u2019re sharing. There are specifics in <a href=\"http:\/\/www.protectiveagency.com\/services\/renters-insurance-north-carolina\/\">renter\u2019s insurance policies about what and who will be covered<\/a>, and under what circumstances. Here\u2019s a look at some things to keep in mind about this type of coverage.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Who and What Your Renter\u2019s Insurance Policy Covers<\/strong><\/h2>\n<p>When it comes to who can get benefits from a specific renter\u2019s insurance policy, it is quite simple. Only the policyholder is covered, in addition to any individuals listed as insured on the policy. So, if the roommate isn\u2019t listed, they cannot reap any benefits from it or have any of their possessions covered by it. The following lists several examples of what will generally be taken care of through the most basic renter&#8217;s insurance.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Damages to your belongings due to some natural disasters, but not all (earthquakes or floods may require additional coverage)<\/li>\n<li>Housing costs to provide a temporary place to stay in the event your rental home is damaged to the extent that it is not livable<\/li>\n<li>Loss of your valuables and material possessions from burglary or theft<\/li>\n<li>Damages and loss from fire, smoke, or explosions<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Personal liability coverage in a renter\u2019s insurance policy could also pay for medical and legal costs in case one of your guests or another visitor is injured at your rental home.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>What\u2019s Not Covered?<\/strong><\/h2>\n<p>While most renters\u2019 insurance policies cover a lot for the average tenant, make sure you understand what is excluded. Some of these situations and belongings require additional coverage or riders to be purchased.<\/p>\n<ul>\n<li>Earthquakes or floods<\/li>\n<li>Expensive collections or high-value items<\/li>\n<li>Sewer\/drain issues<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Pros &amp; Cons of Sharing a Policy <\/strong><\/h2>\n<p>In some states and through certain insurance carriers, it is possible to share renters insurance with your roommate. If it is allowed in your situation, you want to be sure you\u2019ve considered these benefits and risks before making that decision.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Benefits<\/strong><\/h2>\n<ul>\n<li>You can split the cost of the insurance premium.<\/li>\n<li>You know for sure that you each have coverage.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Risks<\/strong><\/h2>\n<ul>\n<li>If you end up having to make a claim, the reimbursement check would be made out to both of you, even if the claim was only involving your possessions.<\/li>\n<li>Any claims made will go on the insurance records for all who are on the policy, regardless of whose claim it was.<\/li>\n<li>If you add a roommate to the policy, their possessions must be accounted for as well, or the amount covered may not go up. Confirm these details before committing to a policy.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Reasons to Have Individual Policies<\/strong><\/h2>\n<p>One reason sharing such a policy is only allowed in some states, and not others are that dividing the benefits can get confusing and mixed up. That fact alone can help you decide whether to get your own policy or not.<\/p>\n<p>Here are some other great reasons for each roommate to have his or her own individual renter&#8217;s insurance policy and coverage:<\/p>\n<ul>\n<li>The premium amounts for these types of policies are generally affordable for an individual.<\/li>\n<li>If a roommate is on your policy and then steals from you, the loss wouldn\u2019t be compensated for.<\/li>\n<li>You wouldn\u2019t have to worry about a reimbursement check needing your roommate\u2019s signature for the bank because it would only have your name on it. (If you shared a policy, you would both have to sign the check to receive the funds.)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Final Thoughts<\/strong><\/h2>\n<p>Remember, it can be a good idea for your financial coverage and security <a href=\"https:\/\/www.protectiveagency.com\/blog\/is-my-roommate-covered-under-my-renters-insurance\/\">for each roommate to have his or her own renter&#8217;s insurance policy<\/a>. The landlord\u2019s insurance will only cover certain costs. If water leaks into your apartment from your neighbor\u2019s apartment, you and your roommate(s) will have to replace or repair any damaged belongings, not the landlord. The landlord\u2019s insurance policy can cover the apartment itself, not the items in it that belong to you. Many landlords require that tenants have renter\u2019s insurance, but some don\u2019t. It\u2019s wise for every renter to get it, regardless of the requirements. If each have your own policy, you can have some degree of confidence about unexpected accidents and disasters.<\/p>\n<p>&nbsp;<\/p>\n<p>To learn more about the benefits of renter\u2019s insurance, contact the professionals with <a href=\"http:\/\/www.protectiveagency.com\/\">ProtectiveAgency.com<\/a> at (877) 739-9367. Our licensed, friendly insurance team will be happy to answer any questions you have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re renting a house or an apartment, having a roommate to split bills and responsibilities with can be quite helpful, as long as each person pulls his or her own weight. Yet it\u2019s important to remember that insurance works a little differently than utilities and the other stuff you\u2019re sharing. There are specifics in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renters-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Renters Insurance Coverage Works if You Have a Roommate.<\/title>\n<meta name=\"description\" content=\"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Renters Insurance Coverage Works if You Have a Roommate.\" \/>\n<meta property=\"og:description\" content=\"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Protective Agency\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-27T21:08:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-23T21:21:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"protective\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"protective\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/\"},\"author\":{\"name\":\"protective\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/#\\\/schema\\\/person\\\/9f53257d169e59e15e7f2a142eda6341\"},\"headline\":\"Does My Roommate Need Renter\u2019s Insurance Too?\",\"datePublished\":\"2018-12-27T21:08:37+00:00\",\"dateModified\":\"2024-02-23T21:21:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/\"},\"wordCount\":793,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/does-my-roomate-need-renters-insurance.jpg\",\"articleSection\":[\"Renters Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/\",\"url\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/\",\"name\":\"How Renters Insurance Coverage Works if You Have a Roommate.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/does-my-roomate-need-renters-insurance.jpg\",\"datePublished\":\"2018-12-27T21:08:37+00:00\",\"dateModified\":\"2024-02-23T21:21:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/#\\\/schema\\\/person\\\/9f53257d169e59e15e7f2a142eda6341\"},\"description\":\"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/does-my-roomate-need-renters-insurance.jpg\",\"contentUrl\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/does-my-roomate-need-renters-insurance.jpg\",\"width\":1000,\"height\":668,\"caption\":\"Does My Roommate Need Renter\u2019s Insurance Too?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/roommate-need-renters-insurance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Does My Roommate Need Renter\u2019s Insurance Too?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/\",\"name\":\"Protective Agency\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/#\\\/schema\\\/person\\\/9f53257d169e59e15e7f2a142eda6341\",\"name\":\"protective\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g\",\"caption\":\"protective\"},\"url\":\"https:\\\/\\\/www.protectiveagency.com\\\/blog\\\/author\\\/protective\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Renters Insurance Coverage Works if You Have a Roommate.","description":"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/","og_locale":"en_US","og_type":"article","og_title":"How Renters Insurance Coverage Works if You Have a Roommate.","og_description":"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.","og_url":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/","og_site_name":"Protective Agency","article_published_time":"2018-12-27T21:08:37+00:00","article_modified_time":"2024-02-23T21:21:30+00:00","og_image":[{"width":1000,"height":668,"url":"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg","type":"image\/jpeg"}],"author":"protective","twitter_card":"summary_large_image","twitter_misc":{"Written by":"protective","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#article","isPartOf":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/"},"author":{"name":"protective","@id":"https:\/\/www.protectiveagency.com\/blog\/#\/schema\/person\/9f53257d169e59e15e7f2a142eda6341"},"headline":"Does My Roommate Need Renter\u2019s Insurance Too?","datePublished":"2018-12-27T21:08:37+00:00","dateModified":"2024-02-23T21:21:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/"},"wordCount":793,"commentCount":0,"image":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg","articleSection":["Renters Insurance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/","url":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/","name":"How Renters Insurance Coverage Works if You Have a Roommate.","isPartOf":{"@id":"https:\/\/www.protectiveagency.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#primaryimage"},"image":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg","datePublished":"2018-12-27T21:08:37+00:00","dateModified":"2024-02-23T21:21:30+00:00","author":{"@id":"https:\/\/www.protectiveagency.com\/blog\/#\/schema\/person\/9f53257d169e59e15e7f2a142eda6341"},"description":"When you are sharing a rental home with roommates, it\u2019s important to know who should get renters insurance and learn what is covered under the policy.","breadcrumb":{"@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#primaryimage","url":"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg","contentUrl":"https:\/\/www.protectiveagency.com\/blog\/wp-content\/uploads\/2018\/12\/does-my-roomate-need-renters-insurance.jpg","width":1000,"height":668,"caption":"Does My Roommate Need Renter\u2019s Insurance Too?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.protectiveagency.com\/blog\/roommate-need-renters-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.protectiveagency.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Does My Roommate Need Renter\u2019s Insurance Too?"}]},{"@type":"WebSite","@id":"https:\/\/www.protectiveagency.com\/blog\/#website","url":"https:\/\/www.protectiveagency.com\/blog\/","name":"Protective Agency","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.protectiveagency.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.protectiveagency.com\/blog\/#\/schema\/person\/9f53257d169e59e15e7f2a142eda6341","name":"protective","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3985c39fc730d5417ef54e2bc675b81edbf72c9869bfc3edb190925fd0f5d2d3?s=96&d=mm&r=g","caption":"protective"},"url":"https:\/\/www.protectiveagency.com\/blog\/author\/protective\/"}]}},"_links":{"self":[{"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/posts\/1250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/comments?post=1250"}],"version-history":[{"count":4,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/posts\/1250\/revisions"}],"predecessor-version":[{"id":1350,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/posts\/1250\/revisions\/1350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/media\/1262"}],"wp:attachment":[{"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/media?parent=1250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/categories?post=1250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.protectiveagency.com\/blog\/wp-json\/wp\/v2\/tags?post=1250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}