If I have a roommate or roommates, does renters insurance cover them?

Renters insurance only covers renters policy holder(s) and not roommates, so each roommate needs their own policy and coverage. You may consider listing your roommates as additionally insured on your renters insurance policy, which has the advantage of reducing the cost of your monthly insurance premium, , but comes with risks. Policy holders tarnish their claim history with each claim filed, including claims filed by anyone else listed on the policy, which can affect future costs of other lines of insurance.