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1) it covers your valuables
inside the home and out
Lose your laptop after locking it in the car? For an average cost of under $1 a day, renters insurance can help you replace it. Same goes for valuables stolen or damaged at the gym, at the coffee shop, or at a friend's. Renters insurance provides a percentage of coverage even for items far from home.
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2) it can pay additional living expenses
(if something happens to your place)
If your apartment's damaged by fire, you're going to need a
place to crash while the landlord takes care of business. Loss-of-use coverage kicks in at this stage, and it helps cover
the cost of additional living expenses, like your hotel room.
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3) it can help you recover from
identity theft
Here's a little-known bonus: Renters insurance can help you recover when your identity or credit has been stolen. When you purchase optional identity theft coverage, your renters provider will work with credit card companies,
credit bureaus, and other institutions to help rectify any damage done to your name. Certain legal fees associated with identify theft can also be covered — check the specifics of your policy to find out more.
You can rely on Esurance
You can depend on a renters policy that covers your belongings, whether it's on your desk, under your couch, or in your car's glove box.
Each renters policy comes with convenient payment options and customer service you can count on.
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What's covered
Renters insurance typically covers you and your personal property
when you're renting a house or an apartment. That means your clothes,
sports equipment, laptop, TV, and more are insured — whether or not
you're at home.
Specifically, your renters policy can also include:
- Loss-of-use coverage, which helps pay additional living expenses if you need to live somewhere else due to a covered incident
- Personal liability coverage
- Coverage for certain accident-related medical expenses
- Identity theft coverage
- Replacement cost coverage (for your personal things)
- Off-premises coverage for your property
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Renters insurance 101
Your landlord should have insurance that protects the building itself, but that won't include anything you bring in with you. That's where renters insurance steps in to save the day in case of fire or robbery, for example.
Here's how the average costs of policies purchased through Esurance break down*:
|
Average cost per month |
Average annual payment |
|
$17.07 |
$204.87 |
The amount you pay for your policy will vary, but this should give you a good idea of the general affordability of renters insurance.
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Contact info
If you have questions about an existing renters insurance policy, here's how you
can get in touch.
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*Average monthly cost and annual premium figures based on renters insurance policies purchased between 1/1/2011 and 10/31/2011. Your premium will depend on the details of your selected coverage and your specific property.
Renters insurance policies are underwritten by one or more of the Safeco Insurance companies, one or more of the Assurant Specialty Property companies, or Security First Insurance Company. This page provides a summary of typical coverages and is not meant to describe actual coverage under any individual renters insurance policy. Coverage for certain categories of property, like jewelry and electronics, may require that such items be specifically scheduled and subject to additional premium. Coverages, discounts, and billing options are subject to state availability, individual qualification, and/or the insuring company's underwriting guidelines. Terms, conditions, limits, and exclusions will apply. Rates are subject to change.
Policies purchased by residents of FL are underwritten by Security First Insurance Company, and policies purchased by residents of all other states are underwritten by the Safeco Insurance companies or the Assurant Specialty Property companies. Renters insurance claims are processed and paid by the underwriting company. Esurance provides customer service for policies underwritten by Security First Insurance Company, but does not underwrite or pay claims for those policies. Esurance does not underwrite, provide customer service, or pay claims for any renters policies underwritten by Safeco Insurance companies or the Assurant Specialty Property companies.
Answer Financial Inc. offers, among other insurance products and services, the renters policies underwritten by the Safeco Insurance companies through its licensed affiliate, Insurance Answer Center, LLC (California License #OB99714), in New York as Insurance Answer Center, LLC, an Insurance Agency; in Michigan as Insurance Answer Center, LLC, an Insurance Agency; and in Missouri as Answer Financial Inc. Esurance Insurance Services, Inc. (California License #0G87829), offers, among other insurance products and services, the renters policies underwritten by the Assurant Specialty Property companies and Security First Insurance Company.