Everett Insurance, serving the greater Glen Allen, VA community, proudly offers renters insurance to the local community. One of the questions that our insurance agency is often asked is whether one renter’s insurance policy covers all of the roommates or people living in a shared rental, such as an apartment or home, or whether each person needs their own renters’ insurance policy. Keep reading to find out the answer to this question. 

Does One Renters Insurance Policy Cover Every Renter in a Shared Space? 

Roommates can share one renters’ insurance policy if the roommates are all listed on the policy. If your name is not listed on the policy, you are not covered by the renters’ insurance policy. As such, it is always essential to ensure your name is listed.

Should You Purchase Your Own Renters Insurance Policy If Living In a Shared Space? 

Most insurance companies recommend that each renter have their own renters’ insurance policy, even if they have a roommate. This helps to ensure the policy fully covers you. When you share a policy, you are entrusting someone else to pay the bill and add your name to the policy. When you have your own, you know that you paid the bill, you know what the policy limits are, you do not have to worry about being added or dropped from the policy, and you can change insurance coverage limits. 

If you are looking to find out if a shared renters’ insurance policy covers you, or you are looking to purchase a new policy in the greater Glen Allen, VA region, Everett Insurance is here to help. Schedule an appointment with us today.