Renters insurance does not always cover roommate theft. Renters insurance will not cover roommate theft if you and your roommate share a policy or if the theft appears to be part of a civil dispute. For your renters insurance coverage to kick in, the theft must be a criminal matter. That means you will need to file a police report and press charges.
In most cases, renters insurance will not cover being scammed. The exception would be if the scam itself involves theft, and, even then, coverage may be limited. For instance, most renters policies will only cover $200–$250 of stolen cash, and your deductible will likely exceed that amount.
Yes, Lemonade renters insurance will cover items stolen from cars. The car itself would be covered by your auto insurance policy.
Yes, renters insurance covers theft of jewelry. However, coverage limits and sub-limits may apply. To ensure that jewelry will be fully covered, you may need to purchase what’s called a floater, which includes a schedule of your individual valuables.
A floater is slightly different than adding an endorsem*nt or rider to your existing renters policy. Depending on the replacement value of your jewelry, you may also want to consider purchasing a separate policy from an insurer that specializes in fine jewelry coverage.
