Renter's Insurance - Coverage question

 Hi,

I just opened a policy for renter's insurance for my new two bedroom
apartment in the Boston area. It is a $25K policy for less than $400/
yr. I'm living with my girlfriend, who doesn't have her own policy. If
something were to happen, would my policy cover her possessions as
well, seeing as I am insuring the contents of the apartment?

Thanks for your help, it's the first time I have bought this type of
insurance.

 

It's been a long time, but my recollection is that you have to have an
"insurable interest" - that is, you have to own or have a stake in something
to be able to insure it and collect in the event of loss.  You should be
asking your agent.

 In article
 kdwolski@gmail.com wrote:


The easiest and most accurate way to find an answer to your question is
to read your insurance policy, then ask your insurance provider if the
policy isn't clear on that issue.

 In article
 kdwolski@gmail.com wrote:


Holy crap! I pay $99/year for over $35K worth of coverage through
Costco, including special item coverage. We rent a refurbished 3-bedroom
three-story vintage farmhouse in Wisconsin. The policy covers all kinds
of loss: medical coverage liability, burglary, fire, storm damage and
much more. About the only thing it doesn't cover is intentional damage
and flood damage.


Well, especially after reading the first part of your post, it's hard to
say. The Costco agent asked if there was anyone living with us who we
wanted covered, but the answer was no. You should call and ask your
agent.


Dude, you should definitely shop around. I bet you can get a much better
policy at a much better price.

 
Maybe, but keep in mind, the OP said he lives in Boston. You said you
live in Wisconsin. The price of renters insurance varies widely based on
several factors and city vs. rural can have a big impact on rates.