Homeowner's Insurance Information

Renter's Frequent Asked Questions

Does renters insurance cover all my possessions?
It depends. Some possessions - jewelry, computers, expensive cameras - are often subject to a per-category theft limit (for example, some policies have a $5,000 limit for computers). When seeking information on renters policies, ask about the various category limits and how they apply to expensive items you own. You may purchase a personal property rider, providing additional coverage for specific items not included in your basic policy.
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Is my property covered away from home?
Yes, but coverage may be limited. Restrictions in terms and the amount of coverage might apply (from 10 percent of your personal property coverage to full value). Ask your agent for details. Your liability coverage does not change.
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Can I purchase a renters policy with my roommates?
If you live in a group house or share an apartment and want to purchase renters insurance, be aware that the regulations vary state to state, and policies vary significantly from company to company. Find out what regulations apply in this state. Then, shop around to find an insurance company that can accommodate your situation. Also, find out whether your policy needs to be updated if you get a new roommate or if all your roommates need to be named under the policy. The individuals who rent an apartment together should be named on the policy, rather than the policy being in one person's name.
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What about unmarried couples?
Some insurance companies now allow unmarried couples who have been living together to obtain coverage. Some policies automatically extend coverage to any future resident of a policyholder's household who fits the definition of domestic partner.
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What happens if my rented or borrowed items are stolen?
Items that are "in your possession" are covered under a standard renters policy.
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What if my insurance company does not respond to a claim?
Your state insurance department or local consumer protection office can answer questions on filing claims and also take complaints.
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Is my bicycle or car covered by renters insurance?
Your bike is protected by a standard renters insurance policy. Motor vehicles are not covered. A separate insurance policy is needed to protect your car, van or motorcycle.
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