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Can you share renters insurance with your roommates? |
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This question is two fold. Yes you can, if there is a claim. HOWEVER, the check would only be in YOUR name, not your roommates.
SECOND, there is NO COVERAGE for your roommates personal liability. This is even worse than not having coverage for your personal possessions due to what if your roomie is at the grocery store, wheels around the corner with his cart and knocks down a pregnant lady and she SUES him or her because her baby is LOST to a tune of $300,000?
You do the math, is it really saving you that much to not have your own policies? Better yet, have them put on your policy! It would not cost anything with most companies.
One more thing, don't let your roomies drive your car. They live in your household and theirfore specifically excluded from driving your vehicle unless named on the policy. So if your roommate wrecks your car, there is NO COVERAGE!!! Get it out and read it, it's in there.
First answer by Richard Etchell. Last edit by Independent Agent. Question popularity: 154 [recommend question]
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