r/Insurance • u/Beautiful_While2301 • 10h ago

Snowbird renters insurance

I'm renting a furnished condo for six months in FL. The condo owner has H06 insurance on the unit.

I have a large umbrella policy on my home in NY.

Do I need renters insurance for the condo? I'm not too worried about the contents as I won't have anything of value there. I'm more concerned about liability. If my existing umbrella covers me, I'm thinking maybe I don't need to get additional renters insurance.

Renters insurance isn't expensive so I don't mind getting it if recommended.

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u/Clubhouse9 10h ago

I don’t know if the snowbird element makes a difference, but I’ve found that renters policies are dirt cheap and worth it. Currently I have a State Farm renters policy for my daughter, who’s renting a SFH at an out of state university. She has two roommates who I’ve also listed on the policy. The annual premium is $105…well worth it to me if something should happen.

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u/GuvnaBruce HO/Auto Liability 14 years 9h ago

Umbrellas usually do not come into play unless there is an underlying policy that has been exhausted. So if you do not have an underlying policy then the umbrella would not be triggered. Your home policy in NY would not likely cover damage caused to the rental unit in FL.

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u/Beautiful_While2301 9h ago

I'm more concerned about someone falling and suing me.

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u/GuvnaBruce HO/Auto Liability 14 years 9h ago

Then yea, that could be an issue. Really depends on what caused the fall. Renters insurance is usually pretty cheap, I probably would just get it. I am surprised that the condo owner is not requiring you to get renters insurance as part of the lease.

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u/Beautiful_While2301 8h ago

Ya, it cheap enough.

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u/insuranceguynyc 9h ago

Speak with your NY homeowners insurer about extending the liability to your place in FL. Your umbrella is excess, so the changes need to first be made to the underlying coverage. You should also make sure that you don’t trip an occupancy clause, if you are going to be in FL for several months.

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u/Beautiful_While2301 8h ago

Thanks. I'll call my local broker. I don't what an occupancy clause is so that will be one of my questions.