State Farm is another popular insurance company that is best known for homeowners insurance, but it also has renters insurance policies. Below are some examples that show how renters insurance is generally a useful purchase and worth the investment, no matter who you are. Finding the best renters insurance policy will depend largely on your particular living situation and your coverage preferences. Consequently, renters insurance seems like an afterthought for the company, as the application site is difficult to navigate and find information on.
In addition to replacing your personal belongings, renters insurance also provides coverage for incidents affecting your guests. Although not mandatory, anyone renting any type of long-term residence, whether it is a flat or a single-family home, should strongly consider purchasing a renters insurance policy. MetLife’s renters insurance also protects against a wide range of natural catastrophes, such as tornadoes, hail and fire, as well as theft and vandalism. The company offers a range of discounts, including common options (a discount for having car and renters insurance with American Family) and unique ones (a generational discount for renters between the ages of 18 and 30 whose parents are also insured with American Family).
Renters insurance is a type of personal property insurance that is designed for those who live in a rented residence. Be sure to enter the same limits for each type of coverage when shopping for renters insurance quotes for a direct comparison. To discover the most affordable options in your state or metro area, check out NerdWallet’s best cheap renters insurance. EPremium is another not-so-well-known company that is trying to offer some different variations on renters insurance.
It is not uncommon for a landlord to require renters insurance, but fortunately, the best renters insurance companies make it easy to compare quotes online and purchase a policy. Assurant is not the most well-known company, but they have been doing renters insurance for a while and have some great options. This may cause you to look for a provider that specialises in tenants insurance for the company’s personal property. However, many landlords require renters insurance in their leases, and you have to comply with the terms of your lease.