I Live With My Girlfriend. She Has Lancaster, PA Renters Insurance. Am I Covered?
Do you need Lancaster, PA Renters Insurance if you live with someone who already has coverage? Since the definition of named insured on a renters or homeowners policy is commonly “named insured, resident spouse, and resident relatives,” the answer is yes!
If you significant other owns the housing, you need to do one of two things. You should either be listed on their homeowners policy or you should have your own renters policy. Listing someone on your homeowners insurance is a big step not to be taken lightly, perhaps bigger than moving in together. Why? Because a named insured on a homeowners policy is forever a named insured. There generally is no way to remove that person without cancelling and rewriting the policy.
If the policy is an older form, or there have been changes to the program that the carrier offers in the state, they may have to pay more if that happens. It’s also possible that the company no longer writes in your state, or no longer writes a standalone policy in your state. That starts the homeowners insurance shopping process all over again, which almost no one enjoys.
If you don’t remove someone who has moved out from your homeowners insurance, a claim check would be paid in both names. Whether you can be listed on the policy as a non-owner will vary by company underwriting standards, so the best thing to do is to get Lancaster renters insurance of your own. This would cover your liability, possibly even to the owner that you live with should you damage the unit – that’s complicated.
Lancaster renters insurance is quite affordable, starting at around fifteen dollars a month. There are often discounts if you bundle it with auto or the homeowners policy in question.
If your significant other rents, you can either be added as a named insured to their policy or get your own. If you’re added as a named insured, see above for the difficulty in later removing someone from a policy. If you get your own renters insurance in PA and things go south, you can move the policy with you – no one wants to consider that eventuality, but it’s important to consider all possible consequences with insurance.
You can also be listed as a roommate, but that costs half the price of a policy of your own and limits your coverage as well as limits your rights to the policy and to proceeds of a claim. That also doesn’t give you additional coverage for your personal property, which is an important consideration. Your best bet by far is to get your own renters insurance. You can do that in just three minutes on the phone or sixty seconds online with Effective Coverage, and save money in the process. Just call (800)892-4308 or click to get covered - whether you need Lancaster renters insurance quotes online or coverage anywhere else!
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Photo Credit: David Wilson 25 Penn Square CC BY 2.0