PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Will my two tenants each need their own renters insurance?
I'm going to rent out my property to two separate tenants. One will live in the basement and the other will live on the main two floors. Will they each need their own renters insurance, or will one policy cover them both?
Alexah Grinnell · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
While some carriers allow people occupying the same property to share renters insurance, it’s recommended that your tenants each get their own policy. This way, they can avoid disputes over claims, maintain control over their own insurance history, and avoid any complications should one of the tenants move out before the other. And renters insurance is very affordable for most people,
costing $100 to $300 per year
. View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies