Best Renters Insurance Companies in Saint Paul, MN

Saint Paul, MN Renters Insurance FAQs

• Can renters' insurance also cover your roommate in Saint Paul?

  It depends. If your roommate is a relative, your renters' insurance may provide coverage. Otherwise, your roommate must get their own insurance. If you have a standard renters' insurance policy in Saint Paul, this means the coverage can only be for your own personal belongings and liabilities. A standard policy may also pay for the cost of living in another place when the place you are renting gets damaged.

• In Saint Paul, is damage from frozen pipes covered under the renters' insurance?

  Water damage from frozen pipes will most likely be covered under the renters' insurance in Saint Paul. This is because frozen or busted pipes are usually accidental in nature, which in most cases is covered by insurance companies. Damage from negligence, poor maintenance, and normal wear and tear are not going to be covered.

• Is renters' insurance in Saint Paul expensive?

  According to the Minnesota Commerce Department, the average cost of renters' insurance in the state ranges from $15 to $30 a month. However, the actual cost of such insurance in Saint Paul would depend on the ZIP code, the rental unit's size, and the value of the renter's personal properties. The chosen deductible and liability coverage amount and whether the policy is an actual cash-value or replacement cash-value policy can also affect the cost.

• Can landlords in Saint Paul require a renter to get insurance?

  Yes. There are no laws in the state that prohibit landlords from requiring their renters to have insurance. However, the requirement can be more binding if it is incorporated into the lease contract. In general, renters' insurance can help both the landlord and renter in Saint Paul. For example, it can provide financial benefits if the renters' personal properties get damaged or stolen, potentially preventing disputes between the landlord and renter.

• Should you add a rider to a renters' insurance policy in Saint Paul if you have jewelry?

  Consider a rider to your renters' insurance policy if you own expensive items, such as jewelry, collectibles, and artwork in Saint Paul. This is because policies usually cover expensive items up to a certain limit. In some policies, the limit is a specific amount, such as $1000. Another name for adding a rider is scheduling an item or getting an endorsement.