New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Some insurance companies will allow you to name an additional insured online; others will want a phone call or even a fax — it depends on your company. State Farm, founded in 1922, is one of the leading providers of insurance in the United States. Both the renter and the landlord benefit from the protections of renters insurance -- and for a relatively inexpensive price. Choose the Right Renters Insurance Deductible. He's being pretty slow about responding though and as move-in day looms closer I'd rather know sooner rather than later. So, unfortunate as it may be, it's out of the picture. When you get a renters quote with Liberty Mutual we’ll make it easy to understand the coverage that’s right for you, so you only pay for what you need. The designation is designed to ensure that a third party (the property owner in this scenario) is notified should the policy cancel or non-renew. Grand Rapids, Keller Williams Realtor Michelle Gordon from The Gordon Group (www.distinctivehomesgr.com) interviews Bill Cole from State Farm Insurance East Grand Rapids on the reasons one should have renters insurance and how one might be able to transfer renters insurance to a homeowners policy. What we like about State Farm renters insurance Customizable coverage . If they want to protect their building they need to have homeowners (if a private home) or a rental dwelling policy (if a non-owner-occupied rental property). Here are your options in the order that I would recommend them. Brantley started his full-time writing career in 2012 and has written for a variety of financial websites, including insurance, real estate, loan and investment sites. You simply contact your insurance company and say that you want to add an additional interest. I'm moving into my apartment in a couple weeks and I would like to go with State Farm but I can't seem to confirm or deny whether they list as Additional Insured (and my apartment complex requires it). Adding a renters insurance interested party is typically free. At just $16 a month, a cheap renters insurance policy is well worth the peace of mind. Does State Farm list others as Additional Insured for renter's insurance? State Farm's renters insurance policy offers a wider range of deductible options than other companies, allowing customers to reduce their premium costs by choosing higher deductibles. They won't give you a different rate (but that's probably a good thing), but they will at least serve you at the standard I would expect. You'll just need to provide your landlord's contact information, including their name, address and email. And if the former, why? State Farm renters insurance is available in every state. Auto Adjuster - my posts are my opinion only. Is there anyone who has State Farm or knows them well enough who can confirm this? Renters insurance is optional under many rental contracts, but some landlords require it. I can't seem to find this anywhere. All coverages are subject to all policy provisions and applicable endorsements. Landlords require tenants to buy renters insurance for several reasons. I appreciate your insight though. I would try asking your roommate's agent for assistance. A landlord named as an "additional interest" can monitor the state of the policy and make sure it stays in force. Find out!A renters insurance interested party is No matter which part of the country you live in, State Farm is an option. State Farm Renters Insurance customers can also add the following riders or endorsements to their renters insurance policies: Earthquake Coverage: This covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property. EDIT: I forgot to mention, I DID talk with an agent on the phone, however they told me that Additional Insured is not something they do. Renters insurance is designed to cover your possessions in the event … Not all insurance companies have this as an option, however. Have you asked your agent. State Farm renters insurance review Find out how State Farm stacks up when it comes to renters insurance. It should be as simple as letting your agent know, or adding your landlord’s name and address online. Value Penguin: Average Cost of Renters Insurance (2019). So, it kind of depends on the exact terms your landlord wants—do they want to be an additional insured or an additional interest? State Farm is a leading insurer in the United States. Umbrella insurance is additional personal liability coverage that can offer an additional layer of protection beyond what your renters insurance can provide. What is an interested party on renters insurance? 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