Renters Insurance Quotes
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The Best Renters Insurance Quotes
You may not own the house you are living in, but it’s still your home. Your landlord’s insurance policy won’t cover your personal belongings, so this is where Renters Insurance kicks in. So if you want to find the best Renters Insurance quotes today, you can use our FREE online quote tool or call one of our licensed agents, it only takes a few minutes!
Renters Insurance Explained
Renters Insurance v’s Homeowners Insurance
The main difference between homeowners and renters insurance is that a renters policy doesn't cover the actual house, this is covered by your landlord's policy. A typical landlord insurance policy doesn’t cover your personal items. You need to have a separate renters insurance policy to cover your own property from damage, theft, or loss. So what do you need to think about when looking for renters insurance?
Cost
The more cover you require, and the value of your items, the more expensive your policy is. If you own an expensive bike or wedding ring, this can increase the cost of your premium.
Type of Cover
Be sure to list all of the valuable items to protect yourself from fire, theft, or damage. If you leave out that expensive pair of limited edition sneakers, they won’t be replaced or you won’t be reimbursed for them in the event of them being destroyed or stolen.
Policy Excess or Deductible
Insurance policy excess or deductible is the amount of money that you have to pay on any insurance claim. For example, if your claim is $5,000 and you have a deductible of $500, you will pay $500 and the insurance company will pay $4,500. Like car insurance, the higher your excess, the lower your premium, so make sure you can afford to pay the excess as stated on your renters’ insurance policy.
What’s not covered?
It’s important to consider what a typical renters insurance policy does not cover. Renters insurance doesn't protect anything that you don’t own. The building or structure is not covered by renters insurance, only your personal belongings will be covered.
Renters insurance doesn’t cover damages caused by floods or earthquakes. Some insurance carriers offer additional earthquake insurance, while flood policies are typically handled through the Federal Emergency Management Agency (FEMA).
Need more info? Check out our Renters Insurance Guide >>
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Compare Renters Insurance
Why do you need to compare renters insurance? What’s the easiest the way to compare policies?
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Renters Tips and Hacks
Check out some money-saving hacks before you buy your next renters insurance policy.
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Sneaker Insurance
Protect your investment in limited-edition sneakers and make sure that you have the correct coverage.
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Cost of Renters Insurance
How much does renters insurance cost? Does it cost more for renters insurance if I live in a certain state?
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Lemonade Renters Insurance
Have you heard of Lemonade? Read our review on Lemonade’s renters insurance to see if it’s worth it.
Do I need renters insurance?
Whether you need renters insurance or not depends on your specific situation and needs. However, renters insurance can be a valuable investment that can provide you with financial protection in case of unexpected events.
Renters insurance typically covers your personal belongings, liability protection, and additional living expenses if your rental unit becomes uninhabitable due to a covered loss such as a fire, theft, or water damage. It may also cover damages or injuries caused by your pets.
If you have valuable items such as electronics, jewelry, or artwork, renters insurance can provide coverage for those items as well. Additionally, if someone gets injured in your rental unit or you accidentally damage someone else's property, renters insurance can help cover the costs of legal fees or damages.
The cost of renters insurance is usually quite affordable and can vary based on your location, the amount of coverage you need, and other factors. It's important to compare quotes and the level of cover before you purchase. Speaking with one of our independent agents is a good start as we work with a number of different insurance providers to ensure you're getting more choices.
Overall, renters insurance can be a good investment for protecting your personal belongings and providing you with peace of mind.