It is generally not possible to have two separate renter's insurance policies for the same rental property. Renter's insurance is designed to cover the personal property and liability of the policyholder at a specific rented residence. Having multiple policies for the same property can lead to over-insuring, which is generally not allowed. Additionally, insurance companies may consider it a form of double-dipping, where the policyholder could potentially make a claim on both policies for the same loss, leading to ethical and legal issues.
However, there are situations where a tenant may need additional coverage beyond what a standard renter's insurance policy provides. In such cases, it's advisable to speak with the insurance provider to explore options for additional coverage or endorsements to the existing policy. This could include adding specific coverage for high-value items, additional liability coverage, or coverage for specific risks not included in the standard policy.
It's important to review the terms and conditions of the existing renter's insurance policy and consult with the insurance provider to understand the available options for additional coverage. This can help ensure that the tenant has the necessary protection without the complications of having multiple separate policies for the same rental property.