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Compare Renters Insurance

Nearly all homeowners recognize the need for insurance on their houses, townhomes or condos. But most renters fail to realize that they need insurance to cover their living spaces as well. While it’s true that the landlord is responsible for services and repairs such as broken windows or malfunctioning heat, your personal possessions are your personal responsibility. Likewise, if a guest is injured inside your residence, you may be financially responsible for dealing with his or her medical bills.  Fortunately, renters insurance covers such circumstances, and relatively inexpensively. The categories listed below can aid in the selection of appropriate renters insurance policies.

Property Damage and Theft

You come home from a long day at work – or back from vacation, to face a nightmare.  Your home has been burglarized.  While your landlord will likely be willing to replace the locks and repair damage to the residence itself, replacing any property that was stolen from the residence by the thieves is on you. Likewise, if your ceiling leaks and destroys your couch – the landlord will fix the leak, but you’ll still be left with a damp, moldy couch.  Renters insurance policies routinely cover both theft and property damage that would otherwise have to be covered out of pocket.

Liability and Supplemental Coverage

Liability coverage eliminates the worry concerning accidents that occur inside your home. Likewise, if you inherited your grandma’s diamonds or have an extensive collection of high-end electronics, supplemental coverage should definitely be on your wish list.  You don’t want to find out after the fact that you can’t afford to replace your sweet surround sound system because of inadequate insurance coverage.

Living Expense Reimbursement

Every day, there are news reports about fires and natural disasters that force apartment dwellers to abandon their homes – either temporarily or for good. Policies that include coverage for living expense reimbursement take the bite out of the expense for hotel rooms and additional expenses associated with displacement due to a covered event.

Discounts, Services and Perks

Many of the discounts available to homeowners who take proactive steps such as installing smoke detectors or supplemental locks are available to renters.  Useful conveniences to look for include provisions for automatic withdrawal for payment premiums, mobile apps and endorsements that allow you to add coverage to your rental insurance policy online, without calling an agent.  One handy perk includes coverage for your property while you’re away from home. Discounts may also be available for combining rental and auto insurance policies.

Support and Tools

General support should be available by telephone and email. Online chat is also a desirable feature. Many renters’ insurance policies allow individuals to obtain quotes online; some allow prospective policy holders to submit applications online, along with making an initial payment for instant activation. You should also be able to file claims 24/7 by telephone or online.  

Compare Renters Insurance

Nearly all homeowners recognize the need for insurance on their houses, townhomes or condos. But most renters fail to realize that they need insurance to cover their living spaces as well. While it’s true that the landlord is responsible for services and repairs such as broken windows or malfunctioning heat, your personal possessions are your personal responsibility. Likewise, if a guest is injured inside your residence, you may be financially responsible for dealing with his or her medical bills.  Fortunately, renters insurance covers such circumstances, and relatively inexpensively. The categories listed below can aid in the selection of appropriate renters insurance policies.

Property Damage and Theft

You come home from a long day at work – or back from vacation, to face a nightmare.  Your home has been burglarized.  While your landlord will likely be willing to replace the locks and repair damage to the residence itself, replacing any property that was stolen from the residence by the thieves is on you. Likewise, if your ceiling leaks and destroys your couch – the landlord will fix the leak, but you’ll still be left with a damp, moldy couch.  Renters insurance policies routinely cover both theft and property damage that would otherwise have to be covered out of pocket.

Liability and Supplemental Coverage

Liability coverage eliminates the worry concerning accidents that occur inside your home. Likewise, if you inherited your grandma’s diamonds or have an extensive collection of high-end electronics, supplemental coverage should definitely be on your wish list.  You don’t want to find out after the fact that you can’t afford to replace your sweet surround sound system because of inadequate insurance coverage.

Living Expense Reimbursement

Every day, there are news reports about fires and natural disasters that force apartment dwellers to abandon their homes – either temporarily or for good. Policies that include coverage for living expense reimbursement take the bite out of the expense for hotel rooms and additional expenses associated with displacement due to a covered event.

Discounts, Services and Perks

Many of the discounts available to homeowners who take proactive steps such as installing smoke detectors or supplemental locks are available to renters.  Useful conveniences to look for include provisions for automatic withdrawal for payment premiums, mobile apps and endorsements that allow you to add coverage to your rental insurance policy online, without calling an agent.  One handy perk includes coverage for your property while you’re away from home. Discounts may also be available for combining rental and auto insurance policies.

Support and Tools

General support should be available by telephone and email. Online chat is also a desirable feature. Many renters’ insurance policies allow individuals to obtain quotes online; some allow prospective policy holders to submit applications online, along with making an initial payment for instant activation. You should also be able to file claims 24/7 by telephone or online.  

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Company

Reviews

Financial Strength Rating

Additional Details

Company Website

Lemonade

Lemonade

189
 
36
228 total votes
Financial Strength Rating N/A Financial Strength Rating
  • Property Damage
  • Liability
  • Personal Property Protection
Show Additional Details
  • Property Damage
  • Liability
  • Personal Property Protection
Allstate

Allstate

1
2
2
5 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Liberty Mutual

Liberty Mutual

Be the first to rate

Be the first to rate

Financial Strength Rating
A
Excellent
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Available 24/7 by Phone
USAA

USAA

1
1
4
6 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Esurance

Esurance

Be the first to rate

Be the first to rate

Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
State Farm

State Farm

3
7
3
13 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Nationwide

Nationwide

 
5
2
8 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Mercury

Mercury

 
4
1
5 total votes
Financial Strength Rating
A+
Superior
  • Available 24/7 by Phone
Show Additional Details
  • Available 24/7 by Phone
Trov

Trov

 
1
 
1 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Personal Property Protection
Show Additional Details
  • Property Damage
  • Personal Property Protection
The Hartford

The Hartford

1
2
3
6 total votes
Financial Strength Rating
A+
Superior
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Property Damage
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Reimbursed Living Expenses
  • Available 24/7 by Phone