Although the belongings of a short-term guest in your home is usually covered under a Concord, North Carolina homeowners insurance policy, a roommate does not have the same level of protection. The reason is that the risk of their belongings being lost or stolen is much higher than a guest who is staying for a short period of time. If that individual is not listed on your policy, then it is unlikely that your roommate’s belongings are covered.

Renter’s Insurance

If you do not feel comfortable putting a roommate on your policy and you are renting a room, then that individual may be able to obtain renter’s insurance to protect her belongings. Her personal belongings are her responsibility and your insurance many not provide any protection as long as she is not listed.

Listing Individuals

Unless your roommate is also a family member, you may not be able to list her on your policy. Although insurers have different rules and company policies that they follow, the options to protect your roommate’s personal belongings may not include listing her on your policy.

Family members who move into your home, such as a sibling, a parent or even a cousin, might be eligible for you to list on your policy. Before you assume that your insurance will cover them, contact your insurer and read through your policy for any exceptions or details.

In most cases, a roommate is not covered under your home insurance policy. You may or may not be able to list the individual, depending on the situation, but it is usually a good idea to suggest that your roommate obtain renter’s insurance, which will protect her belongings and provide some liability protection. To learn more about homeowner’s insurance, contact us to talk to an independent agent.

When you purchase homeowners insurance for your apartment in Matthews, North Carolina, you may worry about what is covered and what is not. Although the specifics of your policy will vary based on the insurer and the amount of coverage that you purchased, your home coverage may protect the contents of your apartment as well as the property.

Basic Coverage

Coverage for a home may include several factors. In most cases, insurers will protect your personal belongings if they are stolen or damaged from a situation that is beyond your control.

Theft may be covered, but the amount of coverage will vary. Depending on your policy and the type of protection plan that you purchased, you may be reimbursed for the full replacement value or the value after depreciation.

Making a Claim

When you determine that the contents of your apartment are covered under your plan, it is time to make a claim on your policy. Before you contact your insurer, call the police and make a formal report. A police report is proof of the theft and the damages to your apartment.

Call the insurer and explain the situation. The insurer may ask you to send a copy of the police report and any documents that prove that you owned the items, such as a receipt or a picture.

In most cases, insurers will protect your personal belongings and reimburse you for the loss as long as you have a record to prove that you owned the item and you have a policy that protects your contents as well as the structure. The amount of coverage you have may vary, so it is important to read through your policy. To learn more about your policy or coverage plan, contact us to speak to an independent agent today.