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What is an additional interest on renters insurance?
I’m moving into a rental home in the next few months and have been looking to get renters insurance. I keep on seeing the term “additional interest” being used everywhere—what is an additional interest in renters insurance?
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Buying renters insurance is always the smart choice, and doing some proactive research will only make the process easier!
When you buy a
renters insurance
policy, you can name an additional interest, otherwise known as an interested party or party of interest.Changes to your renters insurance policy, such as cancellation or non-renewal, are communicated to this third party.
The most probable party to request inclusion as an additional interest is your landlord or property management company. This will make sure they’re notified if you choose to lower your coverage, cancel your existing policy, or don’t renew it.
While you’re looking ahead to obtaining renters insurance, now is also a good time to make sure the rest of your insurance suits your needs. If you want the best policies at the best price, check out
Jerry
.Jerry will handle all phone calls, paperwork, and renewals for your top choice after presenting you with the best plans across providers. Jerry can even help you bundle your
auto insurance
to save even more money!Congratulations on the big move!
MORE: How to settle into a new house
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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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