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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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Product

Reviews

Financial Strength Rating

Additional Details

Product Website

Lemonade Renters Insurance

Lemonade Renters Insurance

254
 
52
310 total votes
Financial Strength Rating N/A Financial Strength Rating
  • Liability
  • Personal Property Protection
  • Property Damage
Show Additional Details
  • Liability
  • Personal Property Protection
  • Property Damage
Liberty Mutual Renters Insurance
Financial Strength Rating
A
Excellent
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Available 24/7 by Phone
USAA Renters Insurance

USAA Renters Insurance

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

Nationwide Renters Insurance

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

Trov Renters Insurance

 
1
 
1 total votes
Financial Strength Rating
A+
Superior
  • Personal Property Protection
  • Property Damage
Show Additional Details
  • Personal Property Protection
  • Property Damage
State Farm Renters Insurance

State Farm Renters Insurance

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

Allstate Renters Insurance

 
2
4
7 total votes
Financial Strength Rating
A+
Superior
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Reimbursed Living Expenses
  • Available 24/7 by Phone
Mercury Renters Insurance

Mercury Renters Insurance

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

Assurant Renters Insurance

1
 
1
2 total votes
Financial Strength Rating
A-
Excellent
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Guest Medical Protection
  • Identity Theft Insurance
  • Liability
  • Personal Property Protection
  • Property Damage
  • Available 24/7 by Phone