Find The Best Insurance Policy For Your Home In 2022!

Last Updated: 30th January, 2022

What Is Covered In 2022?

Accidentally burn down the house – COVERED. 

As per the Allstate claims data, the median cost of a fire-related holiday claim is $10,149. Fortunately, standard homeowners policies cover this type of damage! Always look for an agent with access to multiple carriers to provide you with the best deals that fit your budget.

Sets you from garden aflame – COVERED.

When decorating outside, use lights and extension cords specified for the outdoors. Don’t overload outlets, as this can result in electrical fires that are expensive to fix! Claims increase by 22% during the holiday season, with the median claim costing $22683.

Santa left under the tree – COVERED.

As the holidays were coming close, people were stuffing their house by getting expensive gifts for their loved ones. Likewise, burglaries increase by 6% in the holiday season.

What if you had to choose between the contents of your home and all those memories? The average person spends 90% of their life inside a house, so we must protect what’s most precious. You can do this by purchasing homeowners insurance, covering your belongings at 50%-70%.

Medical bills? – COVERED.

Homeowners’ policies provide liability coverage, which can protect you against lawsuits for bodily injury or property damage.

Homeowners insurance is a great way to protect yourself against financial ruin in the event of accidents. It will cover medical expenses and damages on your property. Still, there are limits for both types- $1K-$5k per person & no fault committed by you or anyone else involved with coverage!

Does each person need renters insurance?

In the short term, sharing the best renters insurance in Florida with a roommate might save you money. But it might not always be a brilliant idea. Several insurance providers will let you join a roommate to your policy. However, you should first consider the benefits and drawbacks of joint renters insurance.

Pros And Cons of Sharing Renters Insurance With Roommate

You can know about the pros and cons of renters insurance roommates Reddit as well.

There are several dangers of having roommates share renters insurance. Many insurance providers sell roommates’ best renters insurance in Florida. But there’s no assurance that splitting a policy would save you money over the long term.

Another hazard: If the roommate is liable for the insurance money but fails to pay, you can find yourself uninsured.

According to NerdWallet‘s rate study, the best renters insurance in Florida costs $168 for a year, or $84 per person, when split between two roommates. It’s possible that saving $7 a month isn’t worth the costs of sharing a scheme.

Even the most friendly roommates will have disagreements. The net value of your accumulated belongings, for example, is used to calculate the cost of insurance. However, what if one roommate has extra valuable possessions than the other, increasing the policy’s cost? It doesn’t seem fair to break the expense 50/50.

best renters insurance
do both roommates need renters insurance

More Things To Consider While Sharing the Best Renters Insurance for Roommates in Florida

Furthermore, roommate arrangements will change as a job or additional opportunities present themselves. If your roommate leaves before your policy expires, you’ll need to reapply for insurance or amend your current policy. During the insurance careers of brokers, they understand how to become insurance brokers who can fulfill your insurance needs. Since they have a valid insurance license, they have access to insurtech. As a result, you can have a smooth insurance process.

If you travel every year or two, you may want only to have your own scheme. That way, you won’t have to rewrite your best renters insurance in Florida if you or they pass.”

Likewise, if you and your roommate are in a stable relationship and own much of your movables and other possessions together, sharing an insurance policy gives more insight.

Sharing the Best Renters Insurance in Florida with your Roommate: Some Pointers

Here’s what you should do first if you plan to buy renters insurance with a roommate:

Consider your Roommate

Is it someone you’ve known for a long time? Can you rely on them to pay their money on time and divide demand payments fairly? Before tying your assets and insurance records to someone else’s by sharing the insurance, think twice.

Have an Open and Frank Conversation with your Roommate

“What would be a reasonable billing date for us? And what is a reasonable budget for us? What exactly are we looking for in terms of coverage? If one of you has more belongings than the other, consider this scenario: If your home and everything inside is lost in a fire, how will claim money be divided?

Speak with a Representative

An insurance provider will determine how much coverage you need. And also, discuss the benefits and drawbacks of sharing the best renters insurance in Florida with a roommate. You can easily find insurance agents or representatives in the insurance directory.


Q. Do both roommates need renters insurance?

If you want to protect your belongings and make sure there’s compensation if anything happens, then yes!

It may seem like an awkward question. You’re probably wondering why I would buy this coverage if my roommate doesn’t have any of their property worth protecting. However, the answer is simple: accidents can happen at any time, so it pays off financially for individuals who take steps now before something goes wrong.

Q. Can I add somebody to my renter’s insurance policy?

Yes, it’s possible. Call your agent or use the search bar on our website and type in “renters insurance” – we’ll show you how! There might be an additional charge if this person has never used coverage by a previous renter’s plan but usually not.

Q. Should each roommate have renters insurance?

If you’re expecting a friend to move in with, it might be worth checking whether their own insurance will cover anything they could break or lose. You can also get personal effects coverage on your renter’s plan if needed at an additional cost – but don’t forget about these risks before inviting someone over!

Q. Is renters insurance split between roommates?

Renters insurance does not cover your roommates unless they are listed on the policy. However, it recommends that each tenant purchases their own policy. Additionally, state and insurance company regulations may prevent you from adding roommates to a renters insurance policy.

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Renter’s Insurance Agency Suwanee

Suwanee, GA 30024 


Business Hours: 

Monday: 9am-6pm 

Tuesday: 9am-6pm 

Wednesday: 9am-6pm 

Thursday: 9am-6pm 

Friday: 9am-6pm 

Saturday: Closed 

Sunday: Closed