Can You Get Renters Insurance On An Illegal Apartment?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA renter’s policy does not provide coverage for the residence. It only covers the personal property of the insured. There aren’t any questions on the application about the legal status of the apartment. It just has to have an address. The coverage is for what you own, not what the landlord owns.Answered on May 1, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! A better one would be why would you want to risk living in one? In almost every case, if an insurance company finds that there were laws being broken in the event that causes the claim to be filed, they will delay, or deny the claim pending an investigation of the circumstances. If it turns out you were living at great risk for a claim in an apartment that you shouldn't legally have been in, I'd expect them to be slow to pay, and quick to deny. Please rethink your idea of living there, okay? Thanks for asking!Answered on May 7, 2014flag this answer
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