Renter's Insurnace when there are multiple tenants

[David Tang]

What are people's thoughts around tenant's Renter's Insurance in Chicago? We recently signed a lease with tenants (2 people - Person A & B) where they have 1 renter's insurance. Person A has the renter's insurance while Person B does not, but Person B's belongings is "mostly covered" by Person A's Renter's Insurance. I think it is fine as long as their belonging are covered under someone's renter's insurance, but would most people request each individual tenant's have their own Renter's Insurance?

[Nathan Gesner]

Every tenant should have their own policy. Unless they are married, they need their own policy.

Make sure you are added as "additional interest" on each policy so you can track it. If the tenant ever cancels coverage, you will be notified.

Here's an article explaining: https://www.credible.com/blog/home-insurance/additional-insured-vs-additional-interest/#:~:text=Additional%20insured%20is%20only%20available,t%20collect%20a%20claim%20payout.