For example, Northwest Columbus tenants should be aware of the fact that their renters insurance policy will not cover the personal
possessions of their roommates, and their roommates will have to purchase their own policy.
The answer to this question is typically no, a Bowling Green renters insurance plan will not cover
the possessions of your roommates as well as your own.
For one, unless they are immediate family,
the possessions of your roommates will not be covered by your policy.
Not exact matches
While I have never touched alcohol and don't take part in these parties, can I still be held responsible for my
roommates and possibly be charged with
possession of alcohol as a minor?
The amount
of Liability coverage you may want to purchase depends on the value
of your
possessions and your net worth, as well as your living situation (
roommates, pets, additional risk factors, etc.).
One important thing to understand is that your policy is only going to cover your personal
possessions, and not the belongings
of your
roommates.
In terms
of protecting your
roommate's
possessions, it is less
of a legalistic headache for your
roommate to have their own renters insurance policy than be named onto yours.
Value
of property: If your
roommate's
possessions have a higher value than yours, a 50/50 split on the bill may not be fair.
Have an honest discussion with your
roommate about the value
of your
possessions and determine a fair way to split the cost
of the policy.
While it may be possible to add your
possessions to the renters insurance
of your
roommate, you may have a hard time doing so.