I live in a house in DC-proper with three other people. We're all on the lease and it's all on the up-and-up. We're looking to get renter's insurance and are a bit confused on what we need, since not a single one of us has every done this before. Can you walk me through it?
So far, we've called around a bit and found that policies only allow 2 people on each plan, so we can't get a single plan for the house (i.e. all four of us). Would it be in our best interest to get two different plans from a single provider? Or are there providers that allow four people on the same plan?
Also, does anyone have any recommendations for insurance companies that do renter's insurance? This question
has answers that suggested Safeco and Erie, but that was two years ago and tangential to the actual question. Are those still good? Does it actually matter?
Will this insurance actually cover my possessions if they get damaged/stolen (computers, bicycles)? Is there anything else that I need to know about this?