These days, nearly every type of property can be insured and every kind of property dweller can enjoy the benefits of financial assistance. Renter’s property insurance in New Jersey from companies like newjersey-insurance.net has become an essential for many tenants who want to make the most of the money they spend on the space they’re renting out. There are a few questions that are frequently asked by tenants however and it is in understanding the answers to these common queries that you can get a better idea of what to expect with your tenants insurance.
Common Questions for Renter’s Property Insurance in New Jersey
- Will My Bike Be Covered? – As long as your bike is stored in the property then yes, it will be included in your coverage. This also applies for other recreational equipment like gym equipment or sporting equipment. If you want more extensive coverage to answer for any damages associated with these items, you can buy a completely separate policy for them as well.
- Will My Car Be Covered? – Regardless of whether or not your car is present in or around the property, it will not be covered by your renter’s insurance. When you buy property insurance in New Jersey, the coverage only extends to certain possessions and excludes cars from protection. If you want to protect your car from potential losses, you can buy automobile insurance for it as a separate policy.
- I’m a Student. Does My Parent’s’ Insurance Cover Me, too? – If your parents have renter’s insurance, if you still live in their home however reside in a dorm to attend school, and if you are still a member or resident of your parents’ household, then yes, you are covered by their renter’s insurance. If however, you live in an apartment, house, or condo unit outside of campus, you might need to buy separate insurance to cover you.
- Will Renter’s Insurance Cover my Domestic Partner? – There are certain rules and regulations that surround the coverage of domestic partners, and these change from state to state. Ask your insurance provider if they allow domestic and live-in partners to be included in their policies and if they will be able to receive the same extensive coverage that blood relatives and family members are given.
- I Borrowed a Friend’s Thing and It Was Stolen. Is that Covered? – If an item is in your possession and it gets broken, damaged, lost, or stolen, it will be covered. This includes anything that you have bought, rented, or borrowed, as long as it’s in your possession.