What People Are Saying
Thanks for making it easy to find the cheapest renters insurance. Knowing our stuff is always protected gives me peace of mind.
Matt and Bethany, Charleston SC
RENTAL INSURANCE COMPANIES
Rental insurance companies are coverage agencies that specialize in providing financial security to those currently renting their home. Many renters assume that all companies are the same- they will offer the same quote for the same service - but this is actually not the case. Rental insurance companies differ in a number of ways, including their size, their coverage selection and their customer service. It is up to you as the renter to find the most suitable renters coverage company for your needs.
Online Rental Insurance Companies
When looking into coverage companies, including rental insurance online, it is important to compare more than just the premium. Although price is important, there are several other factors to be aware of. All rental insurance companies are different. While some work at the national level, others only represent renters in certain states or even specific towns. Are you looking for a national company or would you prefer a smaller provider? Are you looking for that localized and personalized support or are you hoping for a more universal coverage provider? You should also determine whether or not you want to use the same provider for all your insurance needs, from your income protection to your vehicle coverage. Some companies specialize in only handling renters insurance while others will handle claims from all coverage types and offer a number of bundling and group packages.
While all renters insurance companies strive to offer the best customer service around, some are clearly better at it than others. One of the most important things you want to be sure of when it comes to choosing rental insurance companies is that their service is up to par. After all, if you are struck with disaster, you want to be insured with a company that offers compassion and support during this difficult time. You do not want a company that is rude or unreliable. One way you can be sure that your company will be there when you need them is to check testimonials as well as how many years they have been in the business. A company with a number of years experience handling rental claims will most likely be able to provide you with excellent customer service and support when you need it most.
Deals on Rental Coverage
Another important thing to consider when comparing rental insurance companies is the level of coverage you need. This will depend on your current living situation, including how many people are in your family, what kind of rental property you are living in, where you are living and what you want to insure. A student living in an off campus share house may only want a basic coverage to take care of his computer and other electronics while a family living in a luxury condominium may want a more extensive plan. A family living in a high crime area may also want more protection than a family living in one of the safer neighborhoods. A senior citizen with a townhouse full of antiques may want higher limits than someone just starting out in a studio loft. A recently divorced man moving into his own apartment will most likely require less coverage than when he was married and living with his wife and young children in a condo.
In general, you can expect three different coverage options when comparing rental insurance companies - contents insurance, loss of use coverage and physical liability protection. All rental insurance companies are different and thus may have different names for this coverage, but, in general, you can expect the following: Contents coverage is a type of protection that will pay to replace or repair any moveable objects in your rental home in the event of a disaster. This includes furniture, electronics, jewelry, clothing, toys, paintings, area rugs and anything else that is moveable. Loss of use coverage comes into effect if your rental home is damaged in an accident and rendered unlivable. Instead of worrying about paying for additional accommodation in a hotel and finding a moving van at short notice, your loss of use coverage will pay for these unexpected expenses. Physical liability protection comes into effect if someone if seriously injured in your home and can pay for the medical expenses including rehabilitation costs, surgery and loss of income in most plans.
Compare Home Renters Insurance Companies
Regardless of what level of coverage you are looking for, it is important that you always look around and not only compare prices but also rental insurance providers. After all, you never know what could be just around the corner. With an online search of rental insurance companies, you will have instant access to providers in your area and their best policy options. You can browse through the discounts, compare companies and purchase a policy from a provider that you feel confident with.