Assurant Renters Insurance: How to Calculate Your Renters Insurance Coverage
About Assurant Renters Insurance : Assurant Renters Insurance is a resident experts company in Renters Insurance. They make getting affordable coverage something you can do with just a few clicks and a couple of questions.
Assurant Renters Insurance handles the hard work — like sending proof of coverage to your landlord — Over 2 Million of renters trust them and they have been in business for over 125 years
Donated $4 Millions Annually In grants, disaster relief, matching gifts and in-kind support, 1,100 Charities Supported worldwide in 2018 alone, $9 million Invested in social impact projects, with 6,000+ Volunteer hours reported by their employees
With Assurant renters insurance your apartment insurance is made easy for you
Video: Who is Assurant Renters Insurance?
- 1 What Assurant Renters Insurance policy covers
What Assurant Renters Insurance policy covers
Renters Insurance protects your belongings, home and personal liability, and meets your lease requirement. You can choose the amount of coverage you need for your belongings and add upgrades for custom coverage.
Your renters insurance policy covers damage to your home or neighboring property for any accidents caused by fire, water, smoke or explosion. But they also protect your belongings for even more reasons
What Does Renters Insurance Cover?
Assurant Renters Insurance list below details what Renters Insurance protects
Fire: Assurant Renters Insurance know you won’t play with fire but, just in case there’s an accident like a grease fire, it’s covered.
Lightning: Lightning strikes and damages your favorite things? We’ll help you in a flash.
Smoke: Just like we take care of burnt belongings, we’ll take care of any items that are ruined because of smoke damage.
Explosion: They support the world of science and innovation, even if your your model volcano accidentally explodes all over your furniture. We’ll be there to help replace your stuff.
Theft: As long as you aren’t a robber in disguise, if your belongings are stolen from your car, home or anywhere else in the world, you’re covered.
Windstorm or hail: If a bad storm happens and hail or wind ruins your patio furniture, we’ll take care of the damage.
Vandalism: Rogue teenagers, spray paint, toilet paper and general mischief are no match for your policy — we’ve got you covered.
Falling objects: Is it a bird? Is it a plane? Or is it some random object falling from the sky, crashing through your roof and damaging your things? Whatever it is, our renters insurance does cover the damages.
Ice, snow or sleet: If any of these pile up on your roof and you end up with a snowman on your couch, we’ll be there to take care of your things.
Pipe bursts: This coverage takes care of your belongings if something like a pipe bursts in the wall of your apartment.
Cracked AC, water or heating system: If you notice your water heater has a large crack, we’ll help replace it before you end up with an indoor-living-room-pool.
Freezing: If your plumbing, heating or air conditioning units freeze over, you don’t need to knit sweaters to keep them warm. We’ll take care of it.
Vehicles: Don’t worry about anyone’s bad driving. If someone runs over and ruins your belongings, you’re covered.
Power surge: If your surge protector doesn’t prevent your lamp, espresso machine or something else you love and own from frying, we’ll be there to help you repair or replace your things.
Riot or civil commotion: Neighbors fighting for their right to party? No big deal. We’ll cover any damages to your belongings.
Aircraft: In the off chance a plane, self-propelled missile, or spacecraft (may or may not include UFOs — we’ll have to call the FBI for that one) crash into your couch or other belongings, you’re covered.
Volcanic Eruption: Just in case your floors ever really turn into lava and melt your belongings, you’ll be covered..
Video: What Assurant Renters Insurance Does
Assurant renters insurance: How to Calculate Your Renters Insurance Coverage
Confused about how much apartment insurance you really need? Here, Assurant Renters Insurance break down the basics of how to determine coverage.
Many people often think of their belongings as just their furniture, appliances and electronics — big-ticket items that are costly to replace. But what about your dishes and silverware? Your clothes and shoes? Your well-coordinated and nicely organized office supplies? The little things add up and should be considered, too.
1. Start by documenting the large expensive items you have.
2. Then, room by room, evaluate the smaller things.
3. Try to create an estimate for how much it would be to replace every item in every room.
4. Have children or adding a roommate to your policy? Be sure to include their belongings in your estimate as well.
Understand the limits of your policy.
While your couch may be covered, your grandfather’s timeless watch may not be. Oftentimes, things like jewelry, watches, firearms and electronics are only covered up to a set amount. If you have something worth a couple thousand (like an engagement ring), you’ll want to subtract that from the overall coverage amount you’re selecting. Instead, you’ll add protection for these specific items later on.
Keep in mind the difference between replacement cost and actual cash value.
We keep things really simple. All of our policies include replacement cost, which means you’ll get cold hard cash for what it actually costs you to replace your belongings.
But if you like to do math, keep an eye out for policies that use “Actual Cash Value” to determine the worth of your things. ACV looks at the value of your items as they are today. So if you spent $500 on an espresso machine three years ago, you’ll only get the depreciated value of that machine. Consider lowering your coverage amount if you’re looking at a policy with ACV.
Choose your deductible carefully.
Your deductible is what we’ll subtract from your cash payout — not something you have to pay upfront. So if you have a table that’s worth $800 and choose a $250 deductible, we’ll give you $550 back. A higher deductible will lower your monthly payment, but also means you’ll receive less for a covered loss.
Add additional protection
Earlier, they talked about adding coverage for specific items, like your engagement ring. In the insurance world, we call this “scheduling personal property.” So how do you do that? There are just a couple of extra steps you’ll need to complete.
GET AN APPRAISAL
Make sure it has the name of the appraisal company and the business address, phone number and signature of the appraiser. Include any certificates of authenticity you used while getting the appraisal. (This is more typical for jewelry.)
SNAP A PIC!
Place your items next to something with a date on it, like a newspaper or magazine or receipt.
FILL OUT THIS FORM
Download the form to do this here. If you’re in Maryland, you’ll need to fill out this form.
PRINT, SIGN AND MAIL!
It’s that simple!
Video: Assurant Renters Insurance Recovery Solutions
General Policy Assurant renters insurance
Assurant renters insurance questions and answers.
Can I get a policy for less than a year? How about more than a year?
Right now we only offer yearlong policies. But if your lease is shorter than a year, just make sure you set a reminder to cancel (we won’t charge you any penalties or fees). Have a longer lease? We automatically renew your policy each year so you don’t have to worry.
Can I buy a policy even if my lease hasn’t started?
Absolutely! You can choose your coverage start date when you go to buy a policy.
Can I make changes to my policy after I buy? Like adding a roommate, an upgrade or changing my coverage amount?
With a Renters Insurance policy, you’re in control. You can make changes like this at MyAssurantPolicy.com and you should be all set.
I’m subleasing an apartment. Can I still get renters insurance?
You absolutely can. Just set a reminder to cancel once your sublease is up, since we only offer yearlong policies (you won’t be charged any fees to do so).
When and how will I receive my policy documents? And what if I need another copy?
Depending on what you chose when you bought a policy, we’ll either email you your documents within 2 business days or you’ll see them in your mailbox within 3 to 5 business days. You can also get a copy of your policy or proof of coverage at MyAssurantPolicy.com.
Do I need to list my spouse/partner/children on my policy to cover their belongings?
A Renters Insurance policy automatically covers your belongings and those of family living with you — free of charge! And you can add a roommate to your policy at no extra cost to cover their stuff, too. Just write their name down at checkout.
How do I file a claim?
Where can I find my proof of coverage?
If you have a copy of your policy, look for a Declaration page. Or you can log in at MyAssurantPolicy.com to get proof of coverage. (Psst, if you’re in one of our partner communities or added an Interested Party at checkout, we’ve sent proof to your landlord/property company. See if you’re in our partner community by typing in your address here. A note will pop up if you are.)
Can I buy a Renters Insurance policy if I own my home?
If you’re a homeowner or mobile home owner, you won’t be eligible for Renters Insurance. But if you switch to something like renting a fancy loft downtown (or anything else), we’ll be there to cover you!
Will my policy cover my home if I use it as an Airbnb? Or can I get renters insurance for an Airbnb that I’m staying at?
Unfortunately, if you use your home as an Airbnb, it counts as a business instead of a home, so your insurance policy won’t cover any damages caused by Airbnb guests.
We currently don’t offer a temporary insurance plan if you’re staying at an Airbnb for a couple of nights. However, if you rent an Airbnb and that Airbnb becomes your long-term residence, you can get a Renters Insurance policy.
What do I do if I don’t have a U.S. phone number?
If you’re an international customer that doesn’t yet have a U.S. phone number, please use the phone number of your apartment complex/leasing office/property management company. But don’t forget to update your number by visiting MyAssurantPolicy.com as soon as you have one!
Read: 9 Best Cheap Car Insurance for New Drivers
Does my policy cover rented furniture?
Yup! As long as you have Renters Insurance, your rented furniture is covered, too.
What happens when I move? Can I keep my coverage?
We’ll make sure your coverage moves with you. Just visit MyAssurantPolicy.com and update your address in advance.
Assurant renters insurance: Payment, Billing and Cancellation Information
What forms of payment do you accept?
Assurant renters insurance accept Mastercard, Visa, American Express and Discover. You can also use a check by typing in your bank routing number and account information into Bank Account instead of Credit/Debit at checkout.
Do you have multiple payment plans?
They offer three payment plans: Monthly, 4-Pay and Annual.
How do I cancel? Is there a fee?
• You can cancel at any time and we won’t charge you any fees. So, for example, if you purchase an annual plan but cancel after six months, we’ll refund you for those last six months you already paid for.
To cancel, visit MyAssurantPolicy.com or call our 24/7 automated system at 1-800-432-8612. Live agents are available Monday through Friday, 8 a.m. to 8 p.m. EST.
Do I have to be enrolled in autopay and autorenewal?
Assurant renters insurance only offer autopay, so you have one less thing to worry about. Whichever card or checking account you use to make your payment is what we’ll use in the future. We’re required by law to automatically renew your policy each year, but we’ll send you a friendly reminder before that happens.
Can I pay off my policy early even if I selected a monthly plan?
Yes, you can — and you’ll avoid billing fees! Just visit MyAssurantPolicy.com.
How do I update my address?
Spin around three times, jump once and give one of our team members a hug and we’ll update your address.
Just kidding. All you have to do is visit MyAssurantPolicy.com if you’re a Renters Insurance policyholder.
How can I change my billing or card information?
You can update all of your information at MyAssurantPolicy.com.
Can I purchase insurance for myself or someone else if I’m not on the lease?
• Kids going off to college, for example? You can purchase a policy on their behalf. Be sure to include their information throughout and add yourself as an Authorized User. Not on a lease but still need coverage? No problem, go ahead and purchase a policy.
Assurant renters insurance: Landlord/Property Management Company/Interested Party
Do you send proof of insurance?
• Assurant renters insurance will take care of sending your landlord or property management company proof of insurance as long as you’re in our partner community or list them as an Interested Party. So go ahead and mark it off your checklist. That’s what we’re here for.
How do I know if I’m in a partner community?
Plug in your address here and look for the statement, “Looks like you’re in our partner community …” at the top of the page.
Does my landlord require a minimum amount of coverage?
If you’re in one of our partner communities you don’t need to worry about the minimum liability coverage you’re required to have. Our policies are custom-made for you, so you know you’re getting the right protection.
But, if you’re not, you may need to talk to your landlord to see what’s required.
Assurant renters insurance Phone Numbers and Help line
Purchase a Policy
Monday – Friday | 8 a.m. – 10 p.m. EST
Saturday | 10 a.m. – 5 p.m. EST
Assurant renters insurance Submit a Claim
Monday – Friday | 8 a.m. – 8 p.m. EST
Assurant renters insurance Customer Care Contact
Monday – Friday | 8 a.m. – 8 p.m. EST
Assurant renters insurance Login and Registration
Visit MyAssurantPolicy.com to manage your policy, make payments, and file a claim.
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