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  Assurant Renters Insurance
Assurant Renters Insurance
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Assurant Renters Insurance

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in Renters Insurance from Assurant
SuperMoney Net Recommendation Score -67  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

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Highlights
Community Rating Strongly not recommended
Home and Renters Insurance Riders
  • Earthquake Coverage
  • Sewage and Drain Backup Coverage
  • Valuable Items
  • Identity Theft Protection
Home and Renters Insurance
  • Guest Medical Protection
  • Renters Liability Coverage
  • Personal Property Protection
  • Reimbursed Living Expenses
Financial Strength Rating A-
Number of Reviews 9

Assurant Renters Insurance Review

Assurant Renters Insurance is an insurance carrier based in New York, NY. The company was founded in 1892 and offers renters insurance in 50 states (and Washington, DC). 

Assurant Renters Insurance FAQ

What is the financial strength rating of Assurant Renters Insurance?

The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies.  SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

Assurant Renters Insurance scores an A- financial strength rating. Insurance companies with this score show an excellent ability to cover their insurance responsibilities.

What types of coverage does Assurant Renters Insurance offer?

Renters insurance includes a wide range of coverages. One of the best ways to save money on your policy is to only pay for the coverage you need. Assurant Renters Insurance offers the following types of renters insurance coverage:

Guest Medical Protection:

This helps visitors who are injured on your property. It can help cover the necessary medical expenses in an accident, regardless of who's at fault. Medical expenses covered usually include costs like ambulance rides, X-rays, surgical procedures, and hospital stays. Note that guest medical coverage doesn't apply to anyone who lives in the home or is listed on your policy.

Personal Property Protection:

  This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them.

Reimbursed Living Expenses:

This coverage reimburses the insured for the cost of maintaining a comparable standard of living following a covered loss that exceeds the insured's normal expenses. For example, it could include an insured's motel bill while fire damage to the home is being repaired or replaced or until the insured moves to a permanent residence.

Renters Liability Coverage:

If a claim is made against you or you are sued as a result of a covered occurrence, your renters personal liability coverage can help to cover the associated legal costs and related damages. For example, if a visitor accidentally trips and falls in your apartment and breaks a leg, your renters insurance policy may be able to help protect you.

Assurant Renters Insurance customers can also add the following riders or endorsements to their renters insurance policies:

Earthquake Coverage:

This covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property.

Identity Theft Protection:

This rider protects homeowners in the event of identity fraud and pays for the cost of restoring their identity.

Sewage and Drain Backup Coverage:

This coverage helps you repair water damage from overflowing drains and sewers, broken sump pumps, and damage that results from water moving from the ground up.

Valuable Items:

Valuable personal property coverage protects items such as expensive collections, engagement rings, watches, and other jewelry from theft, loss, or damage.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Our Editor

What we love about Assurant Home & Renters Insurance

Assurant Home & Renters Insurance offers some unique benefits that other insurers do not. For example, it gives customers the option to add unemployment coverage to their renter’s insurance plan. If you lose your job, this coverage will help you make rent payments to your landlord.

Assurant also offers coverages such as pet damage, identity fraud coverage, and sewer backup protection, which lets you get more protection from a single insurance policy.

With Assurant Home & Renters Insurance policies, you have a lot of flexibility to choose things like the coverage limit and deductible, so you can customize your monthly bill.

What could Assurant Home & Renters Insurance do better?

Assurant Home & Renters Insurance tends to be more expensive than many of its competitors, so if you’re looking for the least expensive insurance available, you’ll want to look elsewhere.

The company also has mixed customer satisfaction levels, especially when it comes to customer service. When you’re dealing with insurance, the last thing you want is to be fighting with the insurance company while trying to deal with major damage to your home, so this may give potential customers some pause.

Assurant Home & Renters Insurance’s backstory

Assurant got its start in 1892 as the LaCrosse Mutual Aid Association, offering disability insurance out of La Crosse, Wisconsin. The company later became the Time Insurance Company before becoming part of Assurant. The company is a global player in the insurance industry and has more than $30 billion in assets.

The Verdict

Assurant Home & Renters Insurance offers the protection that you need plus the option to add some unique additional protections. However, its high cost and mixed customer ratings mean that you may be able to find a better deal elsewhere.

Contact

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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Policy Discounts
  • Full Payment
  • Higher Deductibles
Home and Renters Insurance
  • Guest Medical Protection
  • Renters Liability Coverage
  • Personal Property Protection
  • Reimbursed Living Expenses
Home and Renters Insurance Riders
  • Earthquake Coverage
  • Sewage and Drain Backup Coverage
  • Valuable Items
  • Identity Theft Protection
Financial Strength Rating A-

Assurant Renters Insurance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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