How To Get Renters Insurance In 2021
By Martin Dasko
Published on June 7, 2020
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How To Get Renters Insurance
Are you looking for renters insurance at the moment?
When you first start thinking about renters insurance, you may be confused as to where to get it and how to go about signing up for it.
The good news is that you’re not alone.
Many have gone through this process before you and it’s easier than ever to get renters insurance.
I recommend you start your journey with a free renters insurance quote by state.
How can you get renters insurance in 2021?
We had to update this article with how to get renters insurance in 2021 since everything has changed in the last year.
Obtaining a renters insurance policy is now easier than ever. Most insurance companies have staff working from home and you don't have to leave your home either to obtain a bunch of quotes.
With so many companies looking for your business, you can simple obtain a bunch of quotes from your own couch as you look for another show to binge.
You don't have to deal with a pushy salesperson nor do you have to wait around for hours to obtain a quote. The entire process of purchasing renters insurance can be done in minutes from your phone.
Since you're likely spending more time at home, this also means that it's easier for you to do a home inventory checklist. This means that you can tally up the value of your items to see how much renters insurance you truly need so that you don't pay for more coverage than you need and so that you have the right amount of coverage for your situation.
It's more important than ever to protect everything that you worked so hard to procure. Keep on reading to find out more on how you can get renters insurance in 2021.
You don’t have to feel intimidated about the process nor do you have to stress about spending a fortune on renters insurance.
Let’s look at where you can purchase renters insurance so that you know exactly what to do to protect your valuables and your finances.
Where Can I Get Renters Insurance?
When you first hear about renters insurance, you may worry about looking for the right provider.
I know how stressful it can feel to try to shop around for insurance when you already have enough going on in your life.
A study done on renters insurance discovered that many young people simply didn’t know what is renters insurance and how it works.
They were confused about the process of signing up for a renters insurance policy.
They also thought that they were covered by their landlord’s insurance (link to cover), that they didn’t have enough possessions, and they were even worried thinking that renters insurance would cost over $1,000.
It’s important to know that you don’t have to worry about renters insurance costing you a fortune because it is pretty cheap.
You also don’t have to stress about the process of buying renters insurance as it’s not as stressful as you may think it is.
Let’s dive into purchasing your first renters insurance policy.
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Where Can I Purchase Renters Insurance?
Here’s a breakdown of the best places to purchase your renters insurance plan:
I’ve have already done all the research and have found the best renters insurance rates and coverage for you. Stop the search and click here for the top rated renters insurance options.
Another great option is to bundle your car insurance with your renters insurance. To see your car insurance and renters insurance bundle options, click here.
Contact your friends to see if they have any experience with local insurance companies. Get on the phone. Ask for discounts. See what’s available. Just please keep in mind that this may be time-consuming. I’ve already done the research for you if you don’t want to spend hours on the phone.
Hopefully that helps answer the question about where you can purchase renters insurance.
"The whole process was so simple. Other insurance companies need to step into the current century!"
How Long Does It Take To Get Renters Insurance?
I know how intimidating and annoying it can feel to apply for insurance.
You may be putting off purchasing renters insurance since you don’t have the time or have the money.
The good news is that signing up for a renters insurance policy isn’t as time consuming as you may think it is and can be done for less than $20 a month.
How long does it take to get renters insurance?
The entire process will depend on your needs and how much shopping around you’re willing to do.
You’re going to want to spend a majority of your time looking for the ideal insurance company.
The comparisons of insurance policies and shopping around will depend on how much you want to look into finding the right renters insurance plan.
Or you can rely on the hundreds of hours I’ve spent reviewing rental insurance options.
I’ve included the top rated renter insurance companies in this article, to get started, simply click below.
The application process takes just a few minutes (we dig into this later) and then your insurance policy can become effective almost immediately.
Renters Insurance Starting at $5/month
No brokers, no paperwork, get a policy in seconds. Zero Hassle, zero paperwork, zero worry. Join now! Starting at $5/month.
It's free to apply!
Can I Get Renters Insurance Online?
Chances are that you’re busy enough and the last thing you want to do is spend an entire day dealing with paperwork.
I personally am not a fan of paperwork.
I know what it’s like to put off mundane paperwork when you have plenty of other tasks on the never ended to-do list.
Here’s how to get renters insurance online:
Option 1 (estimated time 15 minutes):
- Prepare all of your information in advance (everything regarding your possessions, liability needs, and your unit).
- I’ve spent hundreds of hours researching the best rental insurance companies. Select one of our top rated renters insurance options and get covered today.
Option 2 (estimated time 3 days or more):
- Prepare all of your information in advance (everything regarding your possessions, liability needs, and your unit).
- Go shopping for renters insurance by checking out a comparison site.
- Compare different policies and levels of protection.
- Apply for the policy that offers you the best insurance rates with a deductible that you can afford.
That’s how to get renters insurance online in less time than it takes for your UberEats to show up.
Pro Renters Insurance Tip
Renters insurance doesn't just cover the replacement of your belongings, but also protects you if someone gets hurt on your property. Limits usually start at $100,000.
How to Get Renters Insurance For An Apartment
You may be confused about renters insurance if you live in an apartment building.
The process of getting renters insurance is similar regardless of the type of unit.
The pricing of the renters insurance will change depending on the type of the unit and the location though.
We do a deep dive later in this article in how to find renters insurance online.
Here’s what you should keep in mind when looking for how to get renters insurance for an apartment:
- Check out our top insurance companies since the research has already been done. You have enough to worry about.
- See if there’s an insurance company that’s popular in your apartment building. You may find out that there’s a company that insures many units in your building.
- Calculate the value of your possessions (more on this later).
- Shop around until you find an insurance plan that provides you with enough coverage for what you can afford.
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Can You Have Two Renters Insurance Policies?
Some people have considered getting two renters insurance policies for additional coverage and protection.
The logic is that you’re fully protected so that you have that extra peace of mind.
You don’t need two renters insurance policies.
You may need additional insurance coverage or your roommate may need their own insurance policy.
The only time where you may have two renters insurance policies would be in the event that you were moving and your new landlord required proof of renters insurance.
How do you calculate your renters insurance needs?
There isn’t an exact formula or a simple one-size-fits-all answer for calculating how much coverage you should get since we all have different needs and budgets.
The following piece of advice from US News stuck out to me:
“When comparing policies, whether from competing insurance companies or the same company, only look at those that provide the amount of renters insurance you actually need. The best approach is to figure out how much your belongings are worth and buy enough coverage to be fully reimbursed if you lose everything in a disaster.”
What this means is that you should complete an inventory of your possessions to see how much coverage you need based on how many items you would like to have insured.
You’re going to want to take pictures and write down your valuables so that you can see what they’re worth and how much coverage you would need to replace these items if they were to get damaged or stolen.
You don’t want to miss anything because you want to ensure that everything you own is covered. Then you’re going to want to assess your liability.
Renters insurance will cover you in the event that something were to happen to you or a guest at your place.
When you assess your liability it’s important to consider if you have any pets or children and the community that you live in.
You want enough liability coverage for your situation.
The next step requires you to choose the right deductible so that you can afford the renters insurance rate while still being able to pay the deductible if you were to make a claim on a damaged or stolen item.
Some folks will get a higher deductible so that they can pay a lower premium. While this is one way to save money, please remember that this could cost you more money in the future.
Once you complete an inventory of your possessions and assess your liability, you may feel like you require additional coverage.
At this point, you’re going to have to find supplemental coverage if necessary for additional protection on your items and your personal liability.
Now it’s time to apply for renters insurance.
What You Will Need To Apply For Renters Insurance?
As you prepare to sign up for a renters insurance plan, there are a few things that you’re going to need to apply so that you find the best plan possible.
Here’s what you will need to apply for renters insurance:
- A list of what you want insured. It’s important to complete an inventory of your possessions so that you know exactly what you need to have insured because you don’t want to find out that your watch wasn’t covered. You should take pictures of everything valuable that you own (clothing, jewelry, art, electronics, and anything else you think is important) so that you can write down the value of each so that you know how much insurance coverage you need.
- Information about your unit. You’re going to be asked about the location and structure of the unit (apartment vs house vs renting a room in a basement), any existing damages to the structure, if you have any pets (it’s important that you claim everyone and every pet living with you), and if there will be any business use of the place.
- A look at your previous claims history. The insurance company will look at your track record when calculating your renters insurance premium.
The insurance provider will go over all options with you.
It’s important that you look at your policy so that you know exactly how much coverage you have.
You may want to look into your more expensive possessions (art pieces, technology, and so on) to see if there’s a limit and what the replacement value would be.
Renters Insurance Starting at $5/month
No brokers, no paperwork, get a policy in seconds. Zero Hassle, zero paperwork, zero worry. Join now! Starting at $5/month.
It's free to apply!
Take Action
Hopefully you found this article on how to get renters insurance helpful. I tried to answer all of your questions on how to get renters insurance.
Now it’s time to sign up for renters insurance so that you have financial protection and can move on with your life.