If you’re renting out a room in your house in Albany, NY, you may be wondering if you need to change your home insurance. Unfortunately, there’s no consistent answer because home insurance policies differ widely on this one. Sometimes policies from the same insurance company even differ, so be careful about googling for an answer.
We recommend checking in with a qualified insurance agent at M&K Dignum Insurance Agency Inc. agents to see what your policy covers before renting a room in your house. That doesn’t mean you can’t get a roommate, but you may need to purchase additional coverage or a separate policy if you want to be sure that you’re covered.
To determine the best coverage, here are some things to keep in mind when renting out a room:
- Does my current policy cover roommates?
- Do I need to purchase additional coverage or a separate policy?
- What kinds of things will my new policy cover?
- How much will it cost to add this coverage?
Get The Right Insurance Coverage For Your Needs Today
There’s no one-size-fits-all answer when it comes to changing your home insurance policy if you’re renting out a room in Albany, NY. It depends on your insurance company and your policy. Some policies cover roommates, and some don’t. It’s a good idea to check with M&K Dignum Insurance Agency Inc. to see what your policy covers before renting a room in your house. You may need to purchase additional coverage or a separate policy if you want to be sure that you’re covered.
