{"id":6261,"date":"2023-11-13T12:50:30","date_gmt":"2023-11-13T12:50:30","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=6261"},"modified":"2023-11-20T13:44:48","modified_gmt":"2023-11-20T13:44:48","slug":"nationwide-home-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/home-insurance\/nationwide-home-insurance\/","title":{"rendered":"Nationwide Renters Insurance Review 2023: All to Know"},"content":{"rendered":"

Renters insurance covers your personal belongings in rented housing against unforeseen events like theft, fire, and sewer backup damage and reimburses you for lost or damaged items. If someone gets hurt on your property, it may also help shield you from liability. This article provides a review of Nationwide Renters Insurance and all the information you require regarding the insurance company in 2023.<\/p>

What is Nationwide Renters Insurance?<\/h2>

Nationwide Renters Insurance, originally known as the Farm Bureau Mutual Automobile Insurance Company and headquartered in Columbus, Ohio, began offering car insurance to farmers only in 1926. In 1955, the business changed its name to Nationwide Insurance. <\/p>

Today, Nationwide provides a comprehensive selection of personal and business insurance products, including coverage for automobiles, homes, businesses, farms, lives, pets, motorcycles, and boats. Mutual funds and other financial products are also available.<\/p>

Nationwide Renters Insurance Review <\/h2>

The typical protection offered by the majority of renters insurance policies, such as that for personal property, personal liability, medical expenses, and loss of use, is available on Nationwide. The business also provides extra protection for high-value things like jewelry, water damage from sewage or water backups, and earthquake damage. However, Nationwide does not cover a roommate’s goods or damage from floods, which is typical for renters insurance.<\/p>

Furthermore, renters have two options for submitting claims: either by phone or online. Customers can check online by entering their ZIP code to see whether a renters insurance quotation is available; they might need to call a Nationwide agent to get a quote.<\/p>

Overall, although Nationwide provides renters insurance in the majority of states, it does not do so in Alaska, Florida, Hawaii, Louisiana, Massachusetts, New Jersey, or New Mexico. <\/p>

What does Nationwide Renters Insurance cover?<\/h2>

The following categories of renter insurance coverage are provided by Nationwide Renters Insurance:<\/p>

#1. Guest Medical Protection:<\/h3>

This benefits guests who have injuries while on your property. Regardless of who is responsible for the accident, it can assist in paying the necessary medical bills. Ambulance rides, X-rays, surgeries, and hospital stays are frequently included in the list of medical expenses that are typically reimbursed. Please take note that anyone living in the house or listed on your insurance policy is not covered by the guest\u2019s medical coverage.<\/p>

#2. Personal Property Protection:<\/strong><\/h3>

Your home’s possessions, including your furniture, are covered by this insurance. Additionally, personal property insurance could assist you in covering the expense of replacement if they are destroyed or stolen.<\/p>

#3. Reimbursed Living Expenses:<\/h3>

After a covered loss that exceeds the insured’s typical expenses, this coverage pays the insured the costs of sustaining a comparable quality of life. For instance, it might cover a claimant’s hotel expenses while fire damage to their home is being fixed or replaced, or while they are waiting to relocate into a permanent home.<\/p>

#4. Renters Liability Coverage:<\/h3>

Your renter’s personal liability insurance can help pay for the relevant legal fees and damages if a claim is made against you or you are sued as a result of an insured event. Additionally, your renter’s insurance coverage might be able to help defend you, for instance, if a visitor falls and fractures a leg while unintentionally tripping in your apartment.<\/p>

Customers of Nationwide Renters Insurance may additionally include the following riders or endorsements in their policies:<\/p>

#5. Coverage of earthquakes:<\/h3>

This addresses some of the losses and harm that earthquakes may inflict on your residence, your possessions, and other structures on your land.<\/p>

#6. Prevention of Identity Theft:<\/h3>

This add-on guards homeowners against identity theft and covers the expense of identity restoration.<\/p>

#7. Coverage for Sewage and Drain Backup:<\/h3>

Your ability to fix water damage from failed sump pumps, overflowing drains and sewers, and damage brought on by water rising from the earth is made possible by this coverage.<\/p>

#8. Important Items:<\/h3>

Items like pricey collections, engagement rings, watches, and other valuables are protected from theft, loss, or damage by valuable personal property coverage.<\/p>

Nationwide Renters Insurance Cost<\/h2>

Neither Nationwide’s renters insurance is the most affordable nor the most expensive. According to the estimate, their charges will be in the region of $15 to $20 per month, which puts them at or slightly over average.<\/p>

The following factors will affect how much your renter’s insurance will cost:<\/p>