My girlfriend and I are moving in together. I have renters insurance but she doesn’t. Do I need to do anything special besides changing my address? Is it difficult to get renters insurance for unmarried couples?
One of our customers wrote us with this great question. There are many different living arrangements to be found all over the country, and varying degrees of relationships, so this is a question we get a lot. Many people choose to live together before –or instead of– getting married. From simple roommates to domestic partners or common law marriage, there are plenty of living situations. So can an unmarried couple get renters insurance? Let’s find out with an analysis from our insurance experts.
How Can We Get Renters Insurance As An Unmarried Couple?
For a variety of reasons, more couples are living together prior to or in lieu of marriage than ever before. Most of them don’t have their renters insurance set up properly! Find out why…
Renters Insurance For Unmarried Couples: The Issues
Will there be coverage for both people? Is one person treated differently from the other? How are ownership concerns handled? These can be sticky issues if they’re not handled properly. What if a fire occurred? Would only half of your combined possessions be reimbursed?
A lot of times in this world, bigger breaks seem to be given to married couples, or people with children, but not everyone fits into these parameters. That’s why you should work with the renters insurance experts who know how to ensure there’s coverage for everyone in the household, regardless of the composition of the household. We here at Effective Coverage pride ourselves on being very knowledgeable about a variety of situations that apply to different people. We also have a post about insurance for same-sex couples that might be of interest as well.
There are two main ways to handle renters insurance for unmarried couples, and different insurance companies approach each situation differently. We’re not aware of any company that simply won’t write renters insurance for unmarried couples. We’d expect that would bring a whole host of concerns from the company’s legal department. Read on to see how you may be able to make a renters insurance policy work for you if you aren’t married, but cohabitating with your partner.
Renters Insurance For Unmarried Couples: The Rules and How to Bend Them
The person whose name is on the renters insurance policy is defined as the named insured individual. The named insured and their spouse or relatives who live with them are the only ones who would be afforded coverage on a policy. If you are the named insured, your boyfriend or girlfriend would not fit into either the spouse or relative category. Since they would not automatically be covered under the definitions and terms of your policy, they would not be afforded any protections.
Many insurance companies will allow you to add your unmarried partner to your renters insurance as an additional named insured. This way, the policy is written for two named individuals, and both will be protected equally. This is not to be confused with an additional interest, which means no protection at all would be provided to the person who was listed as the additional interest. This certainly wouldn’t accomplish your goal of adding your partner to your renters insurance. Additional interests are generally notified of any change or lapse in policy only, and not given any coverage at all.
If simply adding an additional named insured isn’t an option for your carrier, you can also endorse your partner onto the policy as a roommate. Generally, that costs a few dollars, but it’s a clear way to provide coverage to both of you. Renters insurance for unmarried couples is definitely an option (even though it may not seem clear at first). You can also contact us here at Effective Coverage–we provide renters insurance for unmarried couples (complete with additional insureds) and offer policies starting at under $15 a month!
Applying The Rules
It’s very important that you let your renters insurance company know about any change to your living situation. Policies are written with very specific language and are quite clear in their definitions. There is no coverage for anyone other than the named insured (you!), your resident spouse, or your resident relatives. Renters insurance for unmarried couples is not difficult to arrange, but you have to remember to address it.
Renters insurance for unmarried couples can be a complex subject if a loss occurs and one half of the couple isn’t protected. But it doesn’t have to be that way. Now that you know some options for working around traditional issues with renting together while unmarried, talk to us to see how easy it is to make sure everyone is protected. The renters insurance experts at Effective Coverage will make sure you have the coverage you need for both you and your partner. Effective Coverage focuses on the insurance needs of renters and customizes policies to meet the needs of our insureds. This includes providing renters insurance for unmarried couples.