Does Each Person In An Apartment Need Renters Insurance?

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   Pete Wittman

   President, The Wittman Group, Tennessee

   If you are referring to a room mate situation, then it would be wise for each person to have renter's insurance.  If a husband & wife, then it is not needed on each person.  Insurance is based on an insurable interest.  For example if I had a room mate, my room mate has no insurable interest in my stuff or my liability.  There is one other option, the renter's policy could be endorsed to insure the room mate as an additional insured.  The room mate's contents would not be covered, but at least the room mate would have liability coverage.  (see some of my other answers regarding renter's insurance).

   Answered on April 21, 2014

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