- Frugal Renters Insurance - 5 Updates
| BigDog811 <bigdog811@gmail.com>: Jul 28 04:40AM -0700 On Thursday, July 27, 2017 at 5:28:48 PM UTC-4, ItsJoan NotJoann wrote: > > Roommates are always involved. More people in and out of the house, for one. I had a roommate who found out I had renters insurance. His car got broken into and he filed a claim with MY provider. A few weeks later he got broke into again... with more stuff. My credit rating took a ding. > Why didn't he file a claim with his auto insurance? So HIS > insurance wouldn't take a ding? Because many (maybe most?) "full coverage" auto insurance policies exclude non-automotive contents. For example, if our your car is broken into and an installed stereo is taken it would covered. But the iPod you left in there to listen to on that stereo wouldn't be. Nor would a computer, camera, briefcase, tools (other than the jack, jumper cables, etc), the handful coins on the console, or anything else you carelessly left in there to attract a thief. Every policy I've ever owned has had that exclusion specified. And of course, minimum liability policies have no casualty loss coverage anyway. |
| BigDog811 <bigdog811@gmail.com>: Jul 28 05:11AM -0700 > The Beaver, > "And some of the questions the online quotes were hitting me with, like do you have a roommate? Well, yes but he won't be involved in the least." > Roommates are always involved. More people in and out of the house, for one. I had a roommate who found out I had renters insurance. His car got broken into and he filed a claim with MY provider. A few weeks later he got broke into again... with more stuff. My credit rating took a ding. Yep, that's they way it works. Homeowners/renters policies cover the premises, all contents, and all occupants regardless of who's name is on the policy, lease, or paying the premiums. Something to consider before taking on a roommate or renting out a room. Oh, by the way. Here's something that's even more important. If that roommate/renter stops paying you can't just change the locks and put their stuff out on the street. You have to go through a formal eviction process. That's always complicated, and depending on where you live can be expensive and time consuming. |
| Beaver_Fever@live.com: Jul 28 08:45AM -0700 On Friday, July 28, 2017 at 5:11:58 AM UTC-7, BigDog811 wrote: > > Roommates are always involved. More people in and out of the house, for one. I had a roommate who found out I had renters insurance. His car got broken into and he filed a claim with MY provider. A few weeks later he got broke into again... with more stuff. My credit rating took a ding. > Yep, that's they way it works. Homeowners/renters policies cover the premises, all contents, and all occupants regardless of who's name is on the policy, lease, or paying the premiums. Something to consider before taking on a roommate or renting out a room. > Oh, by the way. Here's something that's even more important. If that roommate/renter stops paying you can't just change the locks and put their stuff out on the street. You have to go through a formal eviction process. That's always complicated, and depending on where you live can be expensive and time consuming. I am probably going to pass on renter insurance. |
| ItsJoan NotJoann <itsjoannotjoann@webtv.net>: Jul 28 01:11PM -0700 > I am probably going to pass on renter insurance. Why? |
| Beaver_Fever@live.com: Jul 28 06:31PM -0700 On Friday, July 28, 2017 at 1:11:56 PM UTC-7, ItsJoan NotJoann wrote: > On Friday, July 28, 2017 at 10:46:02 AM UTC-5, Beaver...@live.com wrote: > > I am probably going to pass on renter insurance. > Why? I just want to protect my stuff and help me getting back on my feet in case of disaster. I don't want any drama or to give anyone a free ride on my back. |
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