Does my home insurance cover people living in the house who are not family?
I've offered to let my friend stay at my place until he finds work and gets back on his feet. Will my home insurance cover him?
Your home insurance only covers you and your family. The policy is not extended to others living in your home. This is because you do not have what’s called “insurable interest” in the belongings of other people who are not family. Insurable interest involves having a financial stake in something, and you would suffer a loss if it were damaged or destroyed. You can only insure what you have an insurable interest in.
To learn more about insurable interest, check out this article: What Is Insurable Interest? (Hint: It’s Probably Not What You Think).
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Are there any car-buying secrets that dealerships don't want the public to know about?
"I’m looking for any edge I can get to save money on my next car. Do you have any insight? "
Apr 09, 2021
"What do I do if I am financing more than I can afford to pay for a car loan? "
"I went to the dealership to get a newer car. I am 19 and have no credit, so my interest rate ended up being 20%. The monthly payments are not bad, but the interest puts me at a total cost of $14,000 for a $9,000 car. I am regretting the decision now and know that I have to get out of these payments as soon as possible. What should I do? "
May 11, 2021
Is it better to borrow from car loan companies or banks?
There are so many lending options for car loans that I don't know what to do. Should I get a loan from a car loan company or bank?
Mar 08, 2021