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Assurant Renters Insurance Review 2020

Assurant renters insurance coverage comes with two varieties of protection: private property protection and private legal responsibility protection. It additionally gives additional safety from pet harm, identification fraud expense, earthquakes (solely in Washington State and California) and involuntary unemployment if you happen to lose your job.

Assurant is thought for below-average customer support, and there aren’t many reductions accessible, like from a few of its rivals. That mentioned, if in case you have automobile insurance coverage by way of Geico, you’ll be able to bundle your Geico coverage together with your Assurant renters insurance coverage and get a 3% low cost in your automobile insurance coverage coverage. Nonetheless, your month-to-month premium in your automobile insurance coverage would should be over $400 for this low cost to offset the worth you’ll pay to your Assurant coverage.

Discover the Greatest Renter Insurance

Enter your ZIP code under and you should definitely click on a minimum of 2-Three corporations to seek out the easiest 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’ll be able to pay month-to-month, quarterly or yearly (finest
worth). For extra particular particulars, get a quote from Assurant.

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

The specs

Assurant gives two renters insurance coverage insurance policies: “Defend your belongings” or “Simply cowl the fundamentals.” Pricing under relies on protection for an condo in California with specialised protection for an earthquake.

The declare

Assurant makes a number of standout statements regarding its renters insurance coverage.

You’ll be able to add your roommate to your coverage. That method, you share the price of your protection for private belongings and legal responsibility.

Assurant consists of a number of varieties of protection that you simply’d most likely pay additional for, and it additionally gives choices you gained’t normally discover from rivals.

Is it true?

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

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

  • Hearth
  • 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 take into account a few of these objects.

Our deep dive

As a result of Assurant’s focus is on rental insurance coverage moderately than all different insurance coverage, it could possibly provide inviting optionally available coverages that few different insurance coverage carriers present. It additionally has low deductible plans which are additionally considerably unusual.

Assurant’s renters insurance coverage protection is consistent with competing corporations with a number of notable add-ons, and it additionally offers you the pliability to customise the boundaries of your coverage.

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

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

Additionally, renters can complement their coverage with optionally available coverages for an extra price:

  • Alternative value protection that may pay for the total substitute value of an merchandise.
  • Sewer backups that cowl harm to your property on account of a clogged sewer or drain.
  • Pet harm protection to restore or change any objects your furry good friend damages
  • Hire insurance coverage in case you lose your job and might’t pay your lease for a month or extra.
  • Id fraud protection that may pay all prices you incur on account of identification theft or fraud.
  • Earthquake protection that pays for harm to your property (solely accessible 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 choice can obtain a most of $500 a month for as much as two months.

The principle reductions you get with Assurant is thru the fee plan you select. However you’re going to get the perfect charge by paying to your protection in full, making 4 quarterly funds or bundling together with your Geico automobile insurance coverage coverage.

Cheaper options

When in comparison with different corporations that supply renters insurance coverage, Assurant was constantly greater. For instance, this are charges for protection for a single 32-year outdated feminine, residing in an condo 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 provide a reduction to bundle your renters and your automobile insurance coverage insurance policies. Assurant gives a reduction if you happen to bundle your Geico automobile insurance coverage together with your renters insurance coverage.

The competitors

Each State Farm and Allstate are rivals of Assurant, and each provide decrease charges for a similar protection as Assurant. Lemonade additionally gives renters insurance coverage for as little as $5 monthly. Assurant does provide a deductible as little as $100. The bottom deductible provided by Lemonade is $250. 

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

Reductions may also add up. Like all three insurance coverage carriers, American Household gives one of many highest reductions on renters insurance coverage–30% if you happen to bundle your coverage with different insurance policy from the corporate.

J.D. Energy & Associates offers State Farm 5 stars for total satisfaction, coverage choices, value, the billing course of and interplay. It offers 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 offers Assurant it’s Greatest “A” score for an insurer’s potential to satisfy its monetary obligations to its clients.

What others are saying

For customer support, Assurant has combined evaluations for making a declare or contacting a supplier. Renters additionally mentioned they’d hassle canceling a coverage, which might’t be executed on-line. In keeping with Shopper Affairs, Assurant renters insurance coverage has an total satisfaction score 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 evaluations.

The underside line

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

Assurant additionally falls quick in the case of pleasing its clients, with extra complaints than praises throughout the board. It’s additionally costlier than the businesses we in contrast. However if you’d like additional protection in case your pet eats your couch or unemployment safety in case you lose your job, Assurant may help, whereas its rivals could go away you hanging.

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