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What is additional interest on renters insurance?
I’m moving into an apartment next month and have been looking into buying renters insurance. I keep on seeing the term “additional interest”. What does additional interest on renters insurance mean?
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s great that you’re looking into renters insurance!
An additional interest on
renters insurance
is a party who will be notified of any modifications to your policy. Cancellations, lapses in coverage, claims, and renewals are typically the information additional interests can access. That said, an interested party can’t make changes to your policy.
A landlord will normally want to be listed as an additional interest to ensure you comply with the lease agreement. Otherwise, it can be difficult for a landlord to confirm you have active renters insurance coverage.
Since you’re moving into a new apartment, check your lease agreement. Your lease will list your landlord’s requirements for renters insurance.
If you want cheap renters insurance quotes fast, go to
Jerry
. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and helps to cancel your old policy. Even better—Jerry will help you bundle your home and auto policies for maximum savingsView full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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