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Can my roommates and I get a group renter's insurance policy?

Hi, I'm going to be renting a house with 3 friends this semester, and I'm looking at renter's insurance. My current insurance company says they don't do policies that would cover the whole household. Is this just common practice, or is it possible with another company? Are we better off just getting individual insurance, or could it be cheaper to get one policy to cover the entire household?

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  • Gambit
    Lv 7
    1 decade ago
    Favorite Answer

    Most insurers won't insure YOU when sharing an house/apartment with one unrelated individual, I'm surprised they sold you a policy when you're sharing the place with three. No one is going to issue a tenant's policy with four unrelated individuals on the policy. The best you can do is find an insurer to issue four individual policies, however I'm sure they're going to restrict burglary coverage to theft (i.e. there must be signs of visible forced entry from the outside in order for coverage to apply). They do this because the more roommates you have the greater the chance that something of yours is going to mysteriously grow legs and disappear.

  • 7 years ago

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    RE Can my roommates and I get a group renter's insurance policy?

    Hi, I'm going to be renting a house with 3 friends this semester, and I'm looking at renter's insurance. My current insurance company says they don't do policies that would cover the whole household. Is this just common practice, or is it possible with another company? Are we better off just getting individual insurance, or could it be cheaper to get one policy to cover the entire household?

  • Anonymous
    5 years ago

    I suggest one to visit this web page where onel can get rates from different companies: http://quotes-for-insurance.net/index.html?src=2YA...

    RE :Can my roommates and I get a group renter's insurance policy?

    Hi, I'm going to be renting a house with 3 friends this semester, and I'm looking at renter's insurance. My current insurance company says they don't do policies that would cover the whole household. Is this just common practice, or is it possible with another company? Are we better off just getting individual insurance, or could it be cheaper to get one policy to cover the entire household?

    Follow 5 answers

  • ?
    Lv 6
    4 years ago

    I might suggest one to visit this web site where onel can compare quotes from the best companies: http://coveragequotes.net/index.html?src=5YAGFFICI...

    RE :Can my roommates and I get a group renter's insurance policy?

    Hi, I'm going to be renting a house with 3 friends this semester, and I'm looking at renter's insurance. My current insurance company says they don't do policies that would cover the whole household. Is this just common practice, or is it possible with another company? Are we better off just getting individual insurance, or could it be cheaper to get one policy to cover the entire household?

    Follow 7 answers

    Source(s): I might suggest one to visit this web site where onel can compare quotes from the best companies: http://coveragequotes.net/index.html?src=5YAGFFICI...
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  • Anonymous
    6 years ago

    For free insurance quotes

  • 1 decade ago

    You should each have your own rental policies to cover your belongings. Why would you want to cover someone else's things???

  • 1 decade ago

    I don't really think it's appropriate to take out "renting" insurance on other people.

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