How Do I Get Renters Insurance When Moving In With A Partner? Img ©
I’m Moving In With A Partner, Can We Share Renters Insurance?
Actually, that depends! Often, you’ll be able to list both partners as named insureds. Insurance companies understand that some people don’t want to get married yet, or ever, and can make accommodations for that.
Do be aware that it’s somewhere between difficult and impossible to remove a named insured. That’s not a concern for most people moving in with a partner, but it’s something to keep in mind. The reason for this is that the policy belongs to everyone who is a named insured.
By listing both of you as named insureds, you’ll have coverage for both of your stuff, but you’ll also have coverage for both of your liability. In addition, the policy would pay to defend both of you if there were a liability loss that resulted in you being sued. That’s a valuable part of your policy that most people don’t give much thought to. Defense costs against a liability claim can be significant, and your insurance company has vast experience with defending against such claims.
When Moving In With A Partner Can We Have Two Renters Insurance Policies To Be Twice As Covered?
Sort of. All policies contain a provision that says the policy will not pay for a loss where there is other insurance in force. You obviously can’t make the same claim on both policies. If you were just roommates, it would be appropriate to have two separate policies, that would actually be the best way to cover both of you. But if you’re moving in with a partner, you’re able to list both of you on the same policy.
Often this can save you money, especially since your auto insurance will want to list both drivers in most situations when you’re moving in with a partner. It’s assumed that you’ll both have access to each others’ vehicles. When you’re moving in together is actually a great time to reevaluate all of your insurance and make sure you have the coverage that you need.
One call to Effective Coverage can get you quotes on the renters insurance you need, the auto policy, and even an umbrella to protect you against liability. Renters insurance in Oregon is inexpensive, and you’re able to save even more by bundling your auto insurance in with it. Since you need to call your insurance anyway, call Effective Coverage first and see what the best options are to put everything together and save even more.
What Else Should I Do When Moving In With A Partner So I Can Be Protected?
Home Inventory When Moving In With A Partner
Everything is in boxes, right? It has to come out of those boxes and be put away, right? You should do a home inventory. You can make a list in a cloud document of everything you have and what it would cost you to replace it. Since it’s in a cloud document, it’s off site and therefore safe from whatever loss might impact your property. Doing a home inventory when moving in with a partner allows you to be sure you have enough coverage, as well.
Additional Coverage To Consider
Do you have jewelry that needs to be declared separately on your Beaverton, OR Renters Insurance? If you’re not sure, just call and ask. Most policies have sub-limits for jewelry and other classes of valuable property, so it’s always a good idea to ask the question.
Do you have kids together, or does one of you have kids? You might want to think about increasing the liability. Renters insurance does cover damage from your children, and liability claims can quickly become significant if there’s bodily injury involved.
What about coverage for personal injury? Most people find they don’t need the endorsement, but for some it’s wise. The personal injury endorsement covers things like libel, and it’s one of those types of coverage that if you need it, you need it badly, so it’s well worth considering.
There are a number of other optional types of coverage that are worth considering as well, such as water backup. Just ask your renters insurance expert at Effective Coverage to help you get the right coverage for your needs.
How Can I Buy A Policy That Covers Both Of Us When Moving In With A Partner?
When you call Effective Coverage, we’ll ask you a few basic questions about what kind of coverage you’re looking for. That’s when you’ll want to mention that you’re moving in with a partner. We’ll add them to the quote, and we can also review your coverage needs in the context of your relationship and any liability exposures you might have.
You’ll be working with an insurance expert for renters who’s paid by the hour and not by the policy. That ensures they’ll be able to take all the time you need to create the ideal policy that protects you from your unique risk profile, and to answer all of your questions. Effective Coverage was founded on core values like education and increasing the number of renters who have the insurance coverage they need.
Did you know that only forty-four percent of renters have renters insurance? That means that roughly half the country is completely exposed and would have no coverage whatsoever in the event of a loss. Don’t force yourself to resort to crowdfunding your recovery from a disaster, let Effective Coverage get you the protection you deserve at a price you can afford.
Renters insurance in Oregon is cheap and easy. If you’d rather do it online, click above and you can be covered in just sixty seconds. If you want to call and speak with someone, that option is always available as well to make sure you get the answers you deserve. Feel free to browse the site, as well, where you’ll find many answers to a wide variety of commonly asked insurance questions.
When you’re ready to quote your policy, just call (800)892-4308 or click to get covered - whether you need Oregon renters insurance quotes online or coverage anywhere else!
Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.
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Photo Credit: rick unpacking awaits CC BY 2.0