Did you know that buying renters insurance is one of the easiest and most cost-effective ways to make sure the belongings in your apartment are protected? Renters insurance ensures that your stuff is covered in case of a fire, theft, or even if your crazy ex decides to get revenge with a baseball bat to your car. It even provides protection from lawsuits resulting from bodily injury or property damage you inadvertently cause. Plus, any time you are displaced from your home due to a loss, like a fire, your renters insurance policy can also help cover expenses like hotel bills, home rentals, or even restaurant bills during the period of time when your apartment is out of commission or while you find a new place, if it comes to that.

Before you run out to buy renters insurance, which we know you’re about to do, here are a few things to know, especially when it comes to getting a policy when you have roommates.

• A single renters insurance policy can cover a maximum of 2 people. If you have more than 1 roommate, they will need to purchase their own policies.
• Adding a roommate onto your policy will not change your premium, meaning sharing a policy with your roommate can be very cost effective.
• Even if your roommate is not on the lease for your apartment, they can still be added onto your renters insurance policy.
• When you make a claim, any check you receive from your insurance company will be made out to all parties on the policy. This means that even if the check is to cover damages or losses to only your belongings, your roommate will still have to co-sign the check. So choose your policy buddy carefully!
• In the event that your roommate damages your belongings, these losses will not be covered if they are on your policy. Again, make sure you can trust your roommate before adding them onto your renters insurance policy!

Sounds good right? Call Lighthouse today at 617-464-3777 or visit our website to learn more about renters insurance along with all of the possible discounts you could qualify for.