{"id":5946,"date":"2023-11-15T15:09:22","date_gmt":"2023-11-15T15:09:22","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=5946"},"modified":"2023-11-15T15:09:25","modified_gmt":"2023-11-15T15:09:25","slug":"assurant-renters-insurance-review","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/home-insurance\/assurant-renters-insurance-review\/","title":{"rendered":"Assurant Renters Insurance Review: Cost & Coverage 2023"},"content":{"rendered":"

Assurant costs between $14 and $22 a month and provides coverage for liability and property damage, as do most renters insurance providers. Customers may purchase Assurant’s renters insurance, inquire about coverage, and submit claims by calling or visiting the company’s website. You can also bundle your auto<\/a> insurance through GEICO with Assurant Renters and save money.<\/p>

In addition, Assurant Renters Insurance protects pet owners from involuntary unemployment if they become unable to pay their rent following a job loss.<\/p>

Assurant Renters Insurance<\/span><\/h2>

You can get renters insurance coverage from Assurant in every one of the 50 states and the District of Columbia. Customers may purchase insurance, inquire about coverage, and submit claims by calling or visiting the company’s website. In addition to providing renters’ insurance, Assurant also offers extended warranties<\/a> and replacement plans for a wide variety of consumer electronics, automobiles, and more. On the other hand, the NAIC complaint index shows that the company’s complaint volume is significantly higher than the industry standard.<\/p>

Assurant’s website provides a thorough breakdown of both the basic and optional renters insurance policies they offer. Renters insurance quotes do not take long to get and do not need a lot of information.<\/p>

Since Assurant is not a typical property insurer, renters insurance from them cannot be combined with auto insurance for savings. Assurant also does not offer standard discounts like those for safety equipment or claim-free driving.<\/p>

Assurant Renters Insurance allows you to include your roommate at no additional cost on your policy. You need to only make a note of their name at the time of policy purchase. Since roommates are typically required to have their insurance policies, this is a good opportunity to save money.<\/p>

Assurant Renters Insurance Coverage <\/span><\/h2>

Renters can get comprehensive protection from Assurant, which includes protection against dry rot, fungi, and mold, as well as coverage for their pets and against earthquakes. Customers can pick the policy deductible and extra coverage that work best for them, and the company’s coverage is available all across the country. With Assurant, you can choose from policy limits between $20,000 and $95,000. Coverage limits vary by a total of $5,000. Standard renters insurance from Assurant includes the following protections:<\/p>

#1. Personal Property Coverage<\/span><\/h3>

Personal property coverage will repair or replace any items in your rental home damaged or destroyed by an insured event, depending on the policy’s limits. Damage from things like fire, lightning, smoke, windstorms, hail, theft, vandalism, and burst pipes is covered by Assurant renters insurance.<\/p>

In addition to the usual perils of theft and fire, a power surge or being run over by a car are also covered by Assurant’s policy. Limits on personal property range from $5,000 to $95,000.<\/p>

Assurant’s standard policy includes replacement cost coverage, which ensures that you will get the full cost to repair or replace your property rather than just the depreciated value. However, the maximum payout from Assurant renters insurance will be the cost of replacing your belongings minus your deductible, so pick an amount that does not leave you short.<\/p>

#2. Property Damage Liability<\/span><\/h3>

If a fire, flood, smoke, or explosion causes damage to your rented home or the property next door, your Assurant renters insurance policy will pay for the repairs. Anyone on your lease, including a roommate, is covered if they cause damage.<\/p>

Additionally, policies cover legal and medical costs if a guest gets hurt while staying at your rental home or if you hurt someone else. Accidents resulting from reckless driving, for example, are not covered unless they are preventable.<\/p>

#3. Mold Damage<\/span><\/h3>

The insurance policy covers the replacement cost of personal property that has suffered mold, dry rot, or fungi damage. In addition to that, it is liable for any associated injuries.<\/p>

Additional Coverage<\/span><\/h2>

In some states, renters insurance from Assurant may allow you to add the following protections:<\/p>