Updated April 13, 2022
Reading time: 4 minutes
Most landlords require tenants to purchase a renters insurance policy. It provides valuable coverage for the following:
Personal property coverage, which can help you replace your belongings if they are stolen or damaged by a covered peril
Additional living expenses coverage, which can help pay for alternative accommodations if your apartment becomes uninhabitable
Liability coverage, which pays for legal expenses and other costs associated with an accident or injury that occurs in your home or is caused by you or your pet
Without this protection, you could be on the hook for thousands of dollars if the unexpected occurs. Fortunately, a renters policy is very affordable. The average premium is just $180 per year, and you could potentially pay even less if you shop around for the best rate.
If your property manager is partnered with ePremium, it’ll probably provide the easiest path to securing rental insurance online since the enrollment process is convenient and your approval is guaranteed. But there are some drawbacks. To find out if ePremium is the right carrier for you, continue reading our ePremium insurance review.
If you can’t afford your security deposit, ePremium offers an easy way to get around paying the full amount that could make it your top choice for renters insurance. But you’re not obligated to purchase an ePremium policy just because your property manager has partnered with the agency. So if you have the cash on hand, you should compare the cost of ePremium with quotes from other insurance companies. You might be able to get a cheaper policy that meets all your insurance coverage needs.
Unfortunately, ePremium doesn’t offer deals or discounts. Some other providers offer multi-policy discounts, safety feature discounts, claims-free discounts, and automatic or prepayment discounts.
The best way to compare insurance quotes for home, life, and auto insurance is to use Insurify . You’ll only need to enter your information one time, and our artificial intelligence technology will get to work finding the best deals for your individual needs.
While you’re shopping around for renters insurance, it’s a good idea to get quotes for your other insurance needs since you can apply any savings toward your renters insurance premium. For example, you can use Insurify to get car insurance quotes that could potentially save you hundreds of dollars.
It’s a good idea to check your rates with Insurify every six months since individual circumstances can change and so will your quotes. But don’t worry — you won’t need to carve more than 10 minutes out of your life to compare policies. That’s because Insurify uses your personal info to grab quotes from up to 20 providers on your behalf, customized for you. Try shopping with Insurify today!