Can I Add a New Roommate to an Existing Renters Insurance Policy?

If you have never had a renters insurance policy before, you may have a plethora of questions about this type of insurance policy. Here at Benefit Insurance Services, serving Myrtle Beach, SC, we often hear questions about who can be added to the policy and when. If you are wondering if your roommates can be added to an existing renters insurance policy and when they can be added, here are the answers you are looking for. 

Can Roommates Be on a Renters Insurance Policy With You? 

Roommates can be on a renters insurance policy together. The roommates do not have to be related, they simply have to be sharing a space together, such as a condo, house or apartment. Many insurance companies require all people who are trying to get coverage together to be listed on a rental lease together. As such, you cannot simply add your boyfriend who sometimes sleeps over to your policy or a friend who is just crashing on the couch. 

Can You Add New Roommates to an Existing Renters Insurance Policy?

Roommates may come and go. One roommate may move out, and a different one may move in. If you are in the middle of a renters insurance policy, you may wonder if you can add or change the roommates on the policy. Insurance companies will allow you to add or remove covered individuals in the event of move-in and move-outs. 

You are able to have roommates on a renters insurance policy with you, and you are able to change the people listed on the policy when needed. Having a lease that lists the covered parties is important. If you are in the market for a new renters insurance policy in the greater Myrtle Beach, SC area, let Benefit Insurance Services help you. Call us now to learn more.