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Assurant Renters Insurance Review 2020

Assurant renters insurance coverage comes with two sorts of protection: private property protection and private legal responsibility protection. It additionally presents additional safety from pet harm, id fraud expense, earthquakes (solely in Washington State and California) and involuntary unemployment for those who lose your job.

Assurant is understood for below-average customer support, and there aren’t many reductions obtainable, like from a few of its opponents. That mentioned, in case you have automotive insurance coverage by means of Geico, you possibly can bundle your Geico coverage along with your Assurant renters insurance coverage and get a 3% low cost in your automotive insurance coverage coverage. Nonetheless, your month-to-month premium in your automotive insurance coverage would should be over $400 for this low cost to offset the worth you’ll pay to your Assurant coverage.

Discover the Finest Renter Insurance

Enter your ZIP code beneath and you’ll want to click on not less than 2-Three corporations to seek out the perfect charge.

Value Charges embrace:
$50,00Zero legal responsibility; $250 deductible

$100,00Zero legal responsibility

$300,00Zero legal responsibility

Alternative value is included in quotes. You possibly can pay month-to-month, quarterly or yearly (greatest
worth). For extra particular particulars, get a quote from Assurant.

Finest for Somebody who needs specialty protection
Not for Somebody who picks insurance coverage primarily based on buyer critiques
States served All 50 states and Washington, DC
Reductions Multi-policy
AM Finest Score A
Standout options Lengthy listing of specialty coverages

The specs

Assurant presents two renters insurance coverage insurance policies: “Shield your belongings” or “Simply cowl the fundamentals.” Pricing beneath is predicated on protection for an condominium in California with specialised protection for an earthquake.

The declare

Assurant makes just a few standout statements regarding its renters insurance coverage.

You possibly can add your roommate to your coverage. That manner, you share the price of your protection for private belongings and legal responsibility.

Assurant consists of a number of sorts of protection that you just’d most likely pay additional for, and it additionally presents choices you received’t normally discover from opponents.

Is it true?

1. Sure. Your roommates are lined by Assurant renters insurance coverage at no extra value. The Higher Enterprise Bureau (BBB) provides Assurant Group an A+ ranking.

2. Sure. Assurant renters insurance coverage consists of protection for:

  • Fireplace
  • Theft
  • Smoke
  • Plane
  • Automobiles
  • Lightning
  • Freezing
  • Explosion
  • Vandalism
  • Pipe bursts
  • Energy surge
  • Windstorm or hail
  • Riot or civil commotion
  • Volcanic eruption
  • Ice, snow or sleet
  • Cracked AC, water or heating system
  • Earthquakes
  • Pet harm
  • Meals spoilage
  • Mattress bugs
  • Floods
  • Falling objects

Opponents don’t all the time contemplate a few of these gadgets.

Our deep dive

As a result of Assurant’s focus is on rental insurance coverage fairly than all different insurance coverage, it might probably supply inviting optionally available coverages that few different insurance coverage carriers present. It additionally has low deductible plans which can be additionally considerably unusual.

Assurant’s renters insurance coverage protection is consistent with competing corporations with just a few notable add-ons, and it additionally provides you the flexibleness to customise the bounds of your coverage.

Assurant renters insurance coverage protects your belongings from a regular set of perils:

  • Theft
  • Smoke
  • Burst pipes
  • Explosions
  • Fireplace and lightning
  • Windstorm and hail
  • Vandalism and malicious mischief

Additionally, renters can complement their coverage with optionally available coverages for a further charge:

  • Alternative value protection that may pay for the complete substitute value of an merchandise.
  • Sewer backups that cowl harm to your property because of a clogged sewer or drain.
  • Pet harm protection to restore or substitute any gadgets your furry buddy damages
  • Lease insurance coverage in case you lose your job and might’t pay your hire for a month or extra.
  • Id fraud protection that may pay all prices you incur because of id theft or fraud.
  • Earthquake protection that pays for harm to your property (solely obtainable in Washington State and California).

Value rundown

Assurant renters insurance coverage has lower-than common deductible choices, starting from $250 to $500. The coverages include choices between $5,00Zero and $95,000, that are equally as versatile. Renters can get private legal responsibility protection for as much as $300,000. Renters who select to reap the benefits of Assurant’s unemployment insurance coverage possibility can obtain a most of $500 a month for as much as two months.

The principle reductions you get with Assurant is thru the cost plan you select. However you’ll get the very best charge by paying to your protection in full, making 4 quarterly funds or bundling along with your Geico automotive insurance coverage coverage.

Cheaper alternate options

When in comparison with different corporations that supply renters insurance coverage, Assurant was constantly larger. For instance, this are charges for protection for a single 32-year previous feminine, dwelling in an condominium in Chicago with one pet.

Allstate Assurant State Farm
Deductible $500 $500 $500
Protection 30,000 30,000 30,000
Yearly value $212 $307 $136

Each State Farm and Allstate supply a reduction to bundle your renters and your automotive insurance coverage insurance policies. Assurant presents a reduction for those who bundle your Geico automotive insurance coverage along with your renters insurance coverage.

The competitors

Each State Farm and Allstate are opponents of Assurant, and each supply decrease charges for a similar protection as Assurant. Lemonade additionally gives renters insurance coverage for as little as $5 per thirty days. Assurant does supply a deductible as little as $100. The bottom deductible supplied by Lemonade is $250. 

State Farm’s lowest deductible is $1,000. A low deductible gives just a few benefits to renters. First, for those who make a declare, you sometimes get a much bigger test. As an example, for those who had a hearth in your condominium and also you lose $3000 price of your belongings, Assurant can pay you $2,900, whereas State Farm will solely pay $2,000.

Reductions can even add up. Like all three insurance coverage carriers, American Household presents one of many highest reductions on renters insurance coverage–30% for those who bundle your coverage with different insurance policy from the corporate.

J.D. Energy & Associates provides State Farm 5 stars for total satisfaction, coverage choices, value, the billing course of and interplay. It provides Allstate two stars for total satisfaction, value, billing course of and interplay, three stars for coverage choices and 5 stars for claims. American Household will get 5 stars throughout the board, as does USAA insurance coverage. Assurant isn’t listed.

AM provides Assurant it’s Finest “A” ranking for an insurer’s means to fulfill its monetary obligations to its clients.

What others are saying

For customer support, Assurant has blended critiques for making a declare or contacting a supplier. Renters additionally mentioned they’d hassle canceling a coverage, which may’t be achieved on-line. In line with Client Affairs, Assurant renters insurance coverage has an total satisfaction ranking of 1 ½ stars primarily based on 112 rankings submitted within the final yr.

On the Higher Enterprise Bureau, Assurant receives 1 star primarily based on 114 buyer critiques.

The underside line

Assurant has reasonably priced primary and add-on protection in all 50 states and Washington, DC. It presents a usable and complete web site with quite a lot of data. Protection and pricing meet most each renters wants with specialty protection obtainable for a value. Assurant doesn’t supply any reductions aside from the small low cost for bundling your renters insurance coverage with Geico automotive insurance coverage. In comparison with the 30% low cost given by American Household, the three% bundling low cost is small.

Assurant additionally falls quick with regards to pleasing its clients, with extra complaints than praises throughout the board. It’s additionally dearer than the businesses we in contrast. However in order for you additional protection in case your pet eats your couch or unemployment safety in case you lose your job, Assurant can assist, whereas its opponents could go away you hanging.

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