Does Homeowners Insurance Cover Renters Belongings?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIf you are renting a portion of a home occupied by the insured most companies will not cover your property unless you are named as an insured on the policy. If you are a guest in the home, the insured has the option to extend coverage to your personal property. If you are renting a residence, your property would not be covered. This is what a tenants policy is designed to do, cover your risks while you are occupying a rented residence.Answered on March 17, 2014flag this answer- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaWhile the property of a domestic employee or guest may be covered, the property of a tenant or renter isn’t. The renter can secure a policy of their own that will cover their property. These policies are relatively inexpensive and also provide liability coverage should the renter be sued for bodily injury or property damage.Answered on April 28, 2014flag this answer
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