Although Assurant may not be the most well-known insurance company, its renters policies are worth looking into. Renters insurance from Assurant includes coverage that other insurance companies don’t offer or charge more for, which gives you more value for your premium.
Renters who live in Assurant’s partner properties may need less coverage. Assurant offers a “Liability Only” policy that provides bare-bones coverage.
Overall performance, Assurant Renters Insurance earned 4 stars. Our editorial team determines NerdWallet’s ratings. The scoring formula considers coverage and discounts, ease of filing claims, website transparency, financial strength and complaint data from National Association of Insurance Commissioners.
Assurant renters insurance coverage
Assurant renters insurance covers you for all the usual things, including your personal property and liability for any injuries to your property. However, it also covers a few extra items that most insurers do not cover.
For example, the policy offers replacement cost coverage for your personal belongings rather than actual cash value. This means that if you file a claim, you will get enough money to purchase brand-new items and not a lower amount reflecting the depreciated value. Insurance companies often charge additional for replacement cost coverage.
Although most renters insurance doesn’t cover bedbugs, in some states Assurant’s policies will pay for extermination and other bedbug-related costs. You may be eligible for food spoilage if the power goes out, or additional living expenses if you are forced to move due to flooding. (Note that the policy doesn’t include coverage for flood damage — you’ll need to purchase separate flood insurance for that.)
To pay for these scenarios, you can add optional coverage on your policy.
- Pets can cause damage.
- You can be sued for identity theft.
- If you are laid off, rent payment
- Earthquake damage
- A clogged drain or sewer can cause damage.
Are you looking for renters insurance that is cheaper? You can choose the Liability Only policy if you reside in one of Assurant’s partner properties across the U.S. This policy covers damage you cause to neighbor’s property (such as a broken pipe or running the water heater). If your dog bites someone, it will also cover some of your personal liability costs.
Assurant renters insurance discounts
You may qualify for a discount depending on your location if you have safety and security devices like sprinkler systems or fire alarms. Assurant offers credit to renters who have to purchase renters insurance because of their leases.
Customer satisfaction and assurant complaints
According to data from the National Association of Insurance Commissioners, Assurant received far more home insurance complaints than it expected. This was despite having a much smaller company. (The NAIC’s home-insurance complaints include renters and condo insurance.
Learn more about Assurant
Website:Assurant’s website allows you to get a quick quote for renters insurance and provides useful information about your policy. After you have been insured by Assurant, you will be able to log in to the portal to make a claim, update and track your claim progress, as well as view your policy documents.
State availability:Assurant offers renters insurance in all 50 States.
Insurance:Assurant offers renters insurance as well as the following policies (mostly through agents or partners):