Renters insurance is available from many companies. They offer competitive rates, practical coverage and reliable customer service. You can also get a policy quickly and easily.
Lemonade State Farm and Farmers Insurance are three companies that we recommend as the best for value and convenience. Each company has apps that allow you to quickly get an insurance quote and apply.
Also, they offer discounts for receiving a quote before you buy the policy, signing up to paperless billing and enrolling into auto-payment. It's also a good start if your goal is to bundle other insurance policies with your renters coverage, such as auto, home and umbrella.
Renters Insurance will protect all your belongings, and you are protected against any liability that may arise if an accident occurs on your property. Your possessions will be replaced up to the limits of your policy if stolen or damaged.
You may be able to add optional coverage if you own expensive jewelry or collectibles. Some companies offer coverage for additional living expenses or loss of usage if you have to leave your apartment because of a covered peril.
There are many rental insurance companies to choose from, including some big names in the business such as State Farm and Farmers. While some renters are hesitant to switch from their landlord's insurance to another company because of the potential inconvenience, it is an option that can be worth exploring.
The amount of liability and the types of damages that you might be required to pay should a lawsuit proceed are important factors to consider. You can compare quotes from several insurance companies and see which one provides the cheapest rates for the level of coverage you need.
You should also consider the complaint ratio of an insurance company when evaluating their renters policies. This is a comparison of their number of complaints to their size. Complaints can be an indication of whether an insurer is financially stable, so it's a good idea to take them into account when shopping for your coverage.
Some insurance companies handle claims better than others. It's possible that a company that receives a large number of complaints will be less likely pay out on time.
Also, consider the number of ways that you can make a complaint and the ease with which it can be done. Some insurers are more likely to visit your home or send a claims adjustor, while other companies allow you to file a claim online or via a mobile phone app.
You should ask if your company provides renters' insurance for areas affected with flooding, if you are in an area prone to floods. This is an extra that you might not be able to get elsewhere and it might save you a significant amount of money on your premium.
Some insurance companies have a deductible that decreases over time. This means you will reduce your deductible every year as long as you continue to pay your premium. This can be a very important benefit, especially for people with poor credit or those who are worried about the safety of their home.