What type of coverage do you need?

Orlando, Fla.  8/2/2017 9:13:27 AM— August has finally arrived! So fast —some of us haven’t really had the time to think through some important aspects of our kids leaving to college. Some kids will choose to live in campus dorms where most probably their parents’ homeowners insurance policy may get them covered. Others will prefer to pursue their dream apartment which may be considerable more expensive and the only way to make that dream come true may be, sharing it with a roommate.

As much as we want to think our kids are both emotionally ready and have become exemplary citizens, things out of their control will happen, and right now is the time to foresee a response plan.



It is hard to ignore why renters insurance is extremely important to protect your belongings in cases of disaster or theft. It also protects yourself in some cases of negligence. But, when you share the apartment with a roommate in college, who gets insurance and who gets covered?

Simple, in the cases where one of the tenants gets the insurance and the policy is large enough to cover the place, you still would need to be included on the policy in order to be covered. If you are not named, even though the policy would be enough to respond for all loss and/or damage you will not be entitled to any of its benefits.

 Renters insurance is truly affordable and is extremely important to protect your possessions in cases of disaster or theft, and yourself, in some cases of negligence.

However, when one of the roommates have more valuables than the other, the one with more belongings or more expensive property, would need to pay a higher premium for a higher coverage. It doesn’t necessarily make sense for the one who needs less. Not to mention, when one of the tenants is affected by an accident or incident, but the other one doesn’t, the premium cost will raise at the expense of one side, not the other.

This is exactly the reason why it is best to get individual renters coverage.

We all know relationships can be challenging, all types of relationships require give and take, and there can be moments when tensions are higher and communication may end up not at its best.

These young adults are just about to enter the most grueling learning curve — when tolerance, patience, and personal values will be tested. If they were exposed to siblings through childhood they may get a better idea but when they start their own separate life in college with no mom or dad to arbitrate the story will be so much different.

As parents, we want our kids to learn from their personal experiences but also we must prepare them to be ready for a possible “worst case scenario.”

Some difficult situations they may face could be what are Florida roommate laws when one of the roommate failed to pay rent and utilities.

Sending your daughter or son to their apartment with proper insurance coverage with an individual  renters policy will take care of a good part of the not so good situation among parties. Should they need to part ways, your child will not need to depend on the other side to take the responsible steps necessary to receive continued benefits.

According to real estate experts on lawyers.comBefore you choose to a roommate, be sure to ask questions about everything important to you in a living situation, such as standard of cleanliness or neatness, acceptable noise levels, and frequency of overnight guests. Particularly if you’re considering sharing a rental with a stranger you found online, ask for and check references from former roommates or landlords.

If you are interested in knowing all your options available for student apartment rental coverage, contact one of our insurance specialists at Orlando Insurance Center  to schedule an initial free consultation.


Posted 11:04 AM

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