I Have 2 Roommates In An Apartment. Do All 3 Of Us Need To Get Renters Insurance? 
Talk to your Insurance Professional , but in my experience , yes , you would each need to obtain your own policies . Though you all will be living together and no doubt sharing some of each other 's things , none of you have any `` insurable interest '' in each other 's personal property . The above examople of a loss to three separately owned TV 's is a very good example . Likewise , if one of your room mate 's negligence causes property damage or injury to another person , the fact that you happen to share an apartment does not necessarily hold you and your other room mate legally liable for the action of your buddy . That person 's policy and insurance company claims professional then would be handling the claim , not yours . 