Yes you can purchase Renter’s insurance that covers your personal property and also provides liability.
No they are not but coverage can be purchased separately through AISC.
The insurance companies utilize a replacement cost estimator to figure out how much to insure your home for and they may also do an inspection to verify that number.
They should be added when they get their Driver’s license.
You can start by identifying what you want your life insurance to do. For example, if you’re a breadwinner, you probably want your life insurance to replace your income for a certain number of years in case something happens to you. Most experts say you should consider life insurance coverage worth five years of your current income.