How to Find the Best Renters Insurance ?

Tuesday, March 7th 2017. | Renters Insurance

If you’re a renter, renters insurance is a must. It doesn’t cost much and it makes sure your property is covered in case something unfortunate happens, like a fire or robbery. The Simple Dollar’s Andrew Hansen breaks down how to choose the best policy, and which provider comes out on top.

With the growing popularity of renting, I conducted some research to determine which carriers provide the best renters insurance. After analyzing several national and local companies, Allstate stands out as the best renters insurance provider. Continue reading and I’ll explain why you need renters insurance and discuss the major components of a solid policy.

Selecting Allstate as the best ultimately boils down to three important factors:

Policy Management

The other national renters insurance providers that rank just behind Allstate are:

Liberty Mutual
American Family

Who Needs Renters Insurance?

To put it simply, if you’re currently renting an apartment or home, it’s in your best interest to get a renters insurance policy. It’s easy to get a free online quote and learn exactly what your rates will be. Once your policy is purchased, you then have the assurance of knowing your possessions are protected.

Some people mistakenly assume that a landlord’s home insurance policy includes coverage for your personal property. In most cases, this is not true. Chances are, your landlord’s policy does not cover your personal possessions.

All of the best insurance companies provide a similar set of basic coverage options. Knowing that you can get the basics covered, factors like price and the ease of policy management start to take on more importance.

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