Renters Insurance FAQ
Have some concerns about your coverage? QuoteHaven’s got the answers for commonly asked questions about Renters Insurance.
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Usually not. Your landlord may have insurance, but it’s meant to cover the structure and land, not your personal belongings.
You may have $2,000 worth of personal belongings, or maybe $20,000. Either way, you should be protecting them in the event there is a disaster.
The good thing about Renters Insurance is that it’s quite affordable. In most cases, combining your Auto Policy with Renters will bring your Renters policy down to just a few dollars.
- Damage from wild animals and pests
- Highly valuable items, like jewelry, or art. However, you can add endorsements to cover these.
- Your car
- Your roommate’s possessions
Yes, you can do this. It’s not usually recommended because roommates come and go, making the contractual process difficult or causing frequent modifications as they buy and sell their possessions.
Most Insurance Providers will give you a one-time freebie. If you miss another payment, expect to pay penalties or have your policy cancelled altogether.
Renters Insurance covers the Liability of your pets injuring someone or damaging property. Your pets are not covered directly, though. You would need Pet Insurance for this.