Does Renters Insurance Move With You?
- 18 POINTSview profileLezlee LiljenbergAgency Owner, Lezlee Liljenberg Agency, Arlington, TexasWithin your state you should be able to just change the address but it could vary in price depending on the area. Every state can vary but that's the way it works in Texas. Keep the insurance though no matter where you move. Also remember the price varies due to the risk in an area....are you moving into a neighborhood with higher violence or perhaps more storms? It all plays a factor in pricing So dont get mad at the insurance agent or company they cannot control humans or Mother Nature.Answered on April 19, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaGenerally your renter’s policy will extend coverage to your new residence for a brief period of time (typically 30 days.) The company may just change the address and consider the policy shifted but it could be that the fire rating or some other underwriting requirement is different at your new residence causing a re-writing of the policy.Answered on August 5, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The answer depends upon your individual policy. Some companies will allow for a short extension of your coverage to your new place, typically about a month. Others will not, as the new place has new risk variables, and they will not want to pay for a claim filed in the new apartment. Check with your agent, and find out if your policy will cover you. Good luck, happy moving, and thanks for asking!Answered on August 6, 2014flag this answer- 617 POINTSview profileWaltere KotiPrincipal Agent, First Insurance Agency Inc, United StatesRenters may move with you if all other underwriting guidelines remain the same. I am assuming that you are moving withing the state and not across state lines. I am assuming that you are not moving to flood zone within the state that require flood insurance. You are also not moving from an apartment to a mobile or trailer home. All things being equal your your renters insurance moves with you.Answered on May 12, 2015flag this answer
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