If I allow roommates to move into my home, are their belongings covered under my home insurance?

If you have insured your home with Old Pueblo Insurance, you can feel comfortable knowing that your property and your personal belongings in Oro Valley AZ are protected in case of a major loss. As part of your family, your spouse and children will also have their belongings protected as part of your insurance policy. But what if the relationship of the person or people living in your home is a roommate, not family? Does insurance cover the personal possessions of people who are roommate where you are the property owner?

When there are other people in your home, they carry their own risks. While having roommates is a great way to save money, it can cause problems with your homeowner’s insurance if something goes wrong and you try to make a claim on your homeowner’s policy. For this reason, it is best for everyone involved if the roommates obtain their own renter’s policies.

There is no legal requirement to have renters insurance, but if a renter doesn’t carry a policy specific to their rental, they will have to pay for any losses out of their own pockets. They may even end up being liable for an accident if it happens because of them or in an area over which they had control. The risks can be large, and the price of a renters insurance policy is usually pretty small.

If you have any questions about your homeowner’s policy in Oro Valley AZ, or if you would like to find out about renters insurance, please feel free to call our representatives at Old Pueblo Insurance today.

Leave a Reply

Your email address will not be published.