Q: Where can you get renters insurance quotes?
A: Online quoting services can be useful if you know everything you need to know about balancing risk and premium. However, the cheapest policy may not be providing you the protection you need or want. Here is more advice:
I always recommend you check with a local independent agent who represents multiple companies. Also, one common mistake made when buying renters insurance is accurately valuing your personal property. A great (and FREE) tool is provided by the Insurance Information Institute. It is free downloadable software to help you figure out exactly what the replacement value of your belongings should be. See the link to the right.
Q: Can you share renters insurance with your roommates?
A: 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.
Q: Do you have to hire your insurance company's recommended adjuster?
A: Insurance companies investigating or handling a claim appoint an adjuster. I know of no instance wher an insured or claimant would hire an adjuster, other than a public adjuster to represent you against the company appointed adjuster.
Q: Does renters insurance cover your stuff when outside your house?
A:It depends on how your policy reads. Most policies cover up to 10% away from your house.
Q: Will your renter's insurance policy be cancelled if you buy a 30-gallon aquarium for your apartment?
A: It depends, you would need to read over your policy to see what the exclusions are. Most likeyl you wont be cancelled but just research your policy or even call your agent and ask them.
Q: Does renters insurance cover your rent if you lose your job?
A: Yes. there is renter's insurance that offers optional "Involuntary Unemployment" insurance coverage.
Q: Do you need to keep renters insurance on an apartment if you go out of state for a few months?
A: As long as it is just a visit, and your primary residence is still in the state where you rent, keep in the insurance as it will cover you in the United States.
Q: What happens if insurance replaces stolen items then the police recover and return the stolen items to you?
A: I recommend you contact your insurance company, and inform them of the recovered goods
Q: If you are renting a house and want to set up an above ground pool who's insurance needs to be notified the renters' or the home owners'?
A: The homeowners insurance would need notification.
I would notify both cause actually both the renter and the owner can be at risk as far as liability. I would recommend increasing your liability limit to at least 300K if its not there already.
Q: If a skylight was damaged in a fire in a rental house is that the responsibility of the renter or owner?
A: Most Renters Insurance has a Liability component as well as personal property coverage. So if the fire was the renters fault the landlord could sue the renter then the liability insurance would pay.
Q: Are you responsible for damage to personal property other than your own if water damage occurs in your apartment?
A: If you were aware of a leak....informed no one, took no steps to repair or prevent the water from escaping your apartment and damaging your neighbor's goods......you are. However, if you are talking of a sudden and accidental occurence....neither you, the neighbors or the owner/landlord had warning or knowledge of the potential water escaping...your insurance covers your property, the neighbor's insurance covers his etc...
Q: How much does renters insurance cost?
A: The answer completely depends on where the property is, how big it is, and all other kinds of actuarial data that insurance companies use. It is usually less expensive than both auto and homeowners in the same area. Best thing you can do is pick up the phone and call a few companies. If you don't know you're renting yet, just make up something similar to what you want to rent to get a ballpark number. Insurance agents can give you a quote in five minutes. Call more than one, but if you are comparing, make sure it's for the same coverages and deductibles.
Q: Who is resonsible for property damage if water heater pipe bursts in your bedroom closet but the water heater belongs to the apartment complex?
A: The apartment complex master policy
Q: If you share an apt. with your girlfriend and your renters insurance is just in your name is this a bad thing even if most of the contents are yours?
A: Each policy and each state is different. Sometimes living with someone constitutes common-law marriage. Most of the time, your policy will only cover your possessions, BUT the liability portion should cover ALL Accidents.
Q: Can you get renters insurance if you rent a room or a space above the garage mother inlaw space situation?
A: I would think so. Renter's insurance covers your personal property (clothing, furniture, any personal effects not used for business purposes) as well as providing liability coverage for you in the event you are liable for property damage or bodily injury to another. Where you rent should have little bearing on getting coverage.
Q: Is the tenant or landlord responsible for damages in an apartment fire?
A: From an insurance perspective the landlord should have coverage on the building and the tenant should have coverage on his/her contents. Legal liability may be a different issue depending on the circumstances of the fire.
Q: Can mandatory renter's insurance be required months after a lease has been signed which does not include it?
A: You should have it anyway!
Q: If a roofing company hired by the owner provides shoddy work and the ceiling collapses on your possessions who is responsible for the damages to the possessions?
A: The roofer will likley be held responsible in the end but the tenant has no relationship to the roofer. The tenant has a relationship with the landlord and it is the landlord's responsibility to see that a roof was in proper condition. The tenant will need to see redress from the landlord and it is the landlord's job to collect from the roofer.
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