It's critical to safeguard your property!



.Renter's insurance is not only necessary to secure your valuable personal property, but it is also required by many contemporary apartment complexes. Your personal property is not covered by your landlord's insurance, contrary to popular belief. This is untrue. The physical building is covered by the landlord's insurance, but the tenant's personal belongings are not.

A renter's insurance coverage protects your belongings from damages caused by a particular list of risks, such as fire, theft, hurricanes, and other natural catastrophes. You may add coverage for things like valuable personal belongings, identity theft protection, and enhanced extra living expense limitations if you have to move out of your apartment for repairs due to a covered loss with an endorsement/rider. You also have liability insurance to cover any mishaps that may occur during a visitor's visit, such as a slip and fall. Each insurer will provide various coverage levels and policy alternatives.

There are various aspects to consider when purchasing renter's insurance, including cost, policy options, financial soundness, customer service, and more. The following renter's insurance firms are among the top in the insurance industry for renter's insurance. J.D. Power & Associates, AM Best, Insure.com People's Choice Awards, Consumer Reports, the Better Business Bureau, and other rating agencies have all given them good marks.

Below you'll discover deals for renters insurance from our advertising partners, as well as a comprehensive list of the top renters insurance providers we've identified.


The 8 Best Rental Insurance Policies of 2022



BEST OVERALL CUSTOMER SATISFACTION
Erie Insurance

Customers choose Erie for a variety of reasons, including low prices, high customer satisfaction, and efficient claims handling. The J.D. Power 2021 Home Insurance Study1 placed Erie Insurance as the No. 2 renter's insurance business, with a 5-star out of 5-star power circle rating and a "A+" AM Best rating. 2 Pennsylvania is the home of Erie Insurance. Coverage is available in 12 states, as well as Washington, D.C.

The rental insurance policy from Erie provides guaranteed replacement costs for personal property, as well as supplementary coverage for identity recovery and valuable personal things. A multi-policy discount of up to 25% is available from Erie Insurance (this discount can range from 16 to 25 percent ).

If you already have Erie auto insurance, it's a good idea to see if you can save money by getting a renter's insurance quotation as well. The Erie renter's insurance policy will replace your belongings (televisions, furniture, electronics, and so on), pay for additional living expenses if you have to move while your apartment is being repaired, and provide liability coverage for injury or harm to other people or their property while they are visiting your home.

BEST TERRITORIES SERVED
State Farm

For most policyholders and clients, State Farm offers renter's insurance at a lower-than-average premium cost (there are many discounts available and you can find coverage in every geographic region of the U.S.). Within the insurance sector, State Farm has a stellar reputation. A.M. Best has given it a "A++" financial strength rating.

The renter's insurance coverage from State Farm covers full replacement cost and includes a special discount for home security equipment. The coverage also covers electronic equipment up to $5,000 and commercial property up to $1,500 if housed in your residence. In addition to the standard rental policy options, there are several unusual coverage options available, such as waterbed coverage.

BEST DISCOUNTS
Allstate

Allstate consumers like the multi-policy discount, safe house discount, simple pay plan, 55 and retired discount, and claim-free savings that come with its renter's insurance policy. Your rental insurance price will be reduced by up to 20% if you have never filed a claim.

There's also a wide range of insurance choices, like as coverage for high-value items like jewelry and coverage for sewage/water backup. Consumers Advocate ranked Allstate as one of the best renter's insurance providers because of their online tools and customer service.

BEST FOR COST
American Family

With well-below-average prices, American Family Insurance excels in the area of cost reductions for renters. The beautiful thing about an American Family renter's insurance policy is that you are not sacrificing value in exchange for a lower insurance price.

Coverage for gadgets and guns are among the benefits of the American Family renter's insurance. Mold damage is included, as is identity theft protection. AM Best5 has given American Family Insurance a "A" Excellent financial strength rating for 2021, and J.D. Power & Associates has given it the 6th best ranking.

BEST FOR CLAIMS SERVICE
Liberty Mutual

Liberty Mutual may not have the lowest renter's insurance coverage, but it has some of the best claims handling in the market. In fact, it is well-known for providing coverage in high-claims areas when other insurers may not. You may file a claim online or by phone 24 hours a day, seven days a week, and maintain your account online. AM Best has given Liberty Mutual Insurance a "A" Excellent grade for 2021.

A Liberty Mutual renter's insurance policy protects your personal property from theft or damage inside your apartment or car, as well as your liability in the event that someone else is injured or their property is damaged while visiting your home, and additional coverage for home computers and smartphones.


BEST FOR CUSTOMIZING YOUR POLICY
Farmers

When it comes to the deductible, renter's insurance isn't one-size-fits-all. This is the amount you must pay before the insurance company pays the rest of the claim. Many insurers only give one or two deductible options, but Farmers Insurance allows you to select from a variety of deductibles. For example, you may have a separate deductible for theft, wind/hail, or other areas besides your general deductible. This lets you to acquire more coverage and pay less for claims in places where you're more likely to suffer a loss.

You may also acquire extra coverage for valuable personal things like jewelry, laptops, or electronics, as well as replacement cost coverage, which means the insurance provider will pay to replace the destroyed property with the same materials and quality as before, with no depreciation deductions.

Farmers Insurance has won a customer service award from the Insure.com People's Choice Awards and is rated "A" Excellent by AM Best7. Farmers Insurance also achieved a 4-star rating for customer service out of a possible 5-star rating.

BEST FOR ADDITIONAL COVERAGE OPTIONS
Nationwide

Personal liability to cover bodily injury or property damage to others (an additional personal umbrella policy endorsement is also available to add more liability protection to your policy), water backup, credit card coverage (pays for unauthorized transactions on your credit/debit cards up to a specified limit), firearms coverage, and coverage for high-value items (computers, jewelry, electronics, etc.) are all available as nationwide renter's insurance coverage options. The renter's insurance policy from Nationwide includes a provision that replaces any things lost due to a covered risk with brand new ones.

Nationwide Insurance is a well-known and well-respected insurance provider. In a customer satisfaction survey conducted by J.D. Power and Associates, the firm achieved a "A+" Superior AM Best rating9 and a 3 out of 5 star rating.


BEST RENTER’S INSURANCE FOR ADDITIONAL LIVING EXPENSES COVERAGE
Travelers

Travelers Insurance Company's renter's insurance provides one of the greatest extra living expenditure coverages on the market in the event you are unable to reside in your apartment for an extended period of time due to an insured loss. Hotel stays, food, washing, and other living expenses are covered by additional living expenses. The loss-of-use coverage pays up to 20% of the personal property coverage, which is more than some other renters' insurance plans. It also covers the whole cost of computer replacement.

Travelers Insurance and its subsidiary firms have a "A++" exceptional grade from AM Best10, and a J.D. Power & Associates customer satisfaction study gave them a 4.5 out of 5-star rating for claims processing and customer service.