Roost Renters Insurance Review: Pros & Cons, Pricing, and Features

Studenomics Score:  3 Out of 5 Stars

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Who is Roost Renters Insurance?

Who is Roost Renters Insurance as a company?

In our research, we couldn't find much about Roost since they only work with property managers who use the Appfolio software.

Appfolio is the parent company of Roost and they offer online services for property managers.

Your rental unit has to be in the Appfolio database for you to purchase a renter's insurance policy. As a result of this, there isn't much information available to the public about Roost Renters Insurance.

According to the official website of Appfolio, here's what they had to say about the software:

"AppFolio offers two tiers of mobile property management software that allows residential, commercial, student housing, and community association property managers to more effectively market, manage and grow their business efficiently with AppFolio Property Manager and AppFolio Property Manager PLUS."

We're going to take a deep dive into the renter's insurance policies that are offered by Roost Renters Insurance.

How Does Roost Renters Insurance Work?

Is Roost Renters Insurance Good? 

We always do our best to conduct a thorough investigation of every renters insurance company that we review. With minimal public information available about the company we decided to look at Roost Renters Insurance and the Appfolio property management software that's used by them.

What we liked is that Roost allows you to cover your roommates (saving you money), that they provide coverage for water damage, and that you can replacement cost value coverage on your prized possessions. 

According to the official website:

"With Roost, you'll also receive Replacement Cost Value (RCV) coverage, which pays the cost to replace your items with new ones. Roost Renters Insurance is dedicated to offering you convenient options, reliable service, and robust coverage."

Is Roost Renters Insurance legit?

Our goal is to discover if every renters insurance company that we cover is legit or not.

We look at the pricing, customer service, policy options, and the financials of the company. 

Let's see what we were able to find about Roost Renters Insurance and Appfolio.

It wouldn’t be fair to write a Roost Renters Insurance review without looking at the price of an insurance policy. 

We regret to inform you that it's challenging to obtain a quote through the website since you must be a property manager using the Appfolio software.

The fact that you can save money with many tenants under one policy was helpful. However, we try to be fully transparent when writing a renters insurance review. 

How Much Is Roost Renters Insurance?

When going over Roost Renters Insurance, we couldn't find any public quotes. We did find conversations about Roost Renters Insurance, but we couldn't nail down any specifics when it comes to actual numbers and figures. 

Roost Renters Insurance Quotes.

We normally would share Roost Renters Insurance quotes here. In the case of Roost Renters Insurance, you're going to have to speak with your property manager. 

Is Roost Renters Insurance Cost Worth It?

Should you sign up with Roost Renters Insurance?

It depends on your situation. We found Roost to be ideal for the following folks:

• College students living together.
• Those who need renters insurance for landlord requirements.
• Anyone looking for water damage protection.

There are cheaper renters insurance companies out there so you're going to want to look around for a few quotes before you sign up with Roost Renters Insurance.

Can I Bundle My Roost Renters Insurance With My Auto Insurance?

The bad news is that Roost Renters Insurance doesn't offer auto insurance so you would have to find a separate policy here. 

We looked through Glassdoor, BBB, and Reddit to see what regular people had to say about Roost Renters Insurance.

We scored a 3 here because there isn't much available on Roost Renters Insurance and Appfolio had many complaints against them. 

We also didn't like the fact that there's no number to contact for customer service and you have to email.

The following scores are for Appfolio since that's the software company that property managers use for Roost Renters Insurance.

This conversation reminded us that many college students will likely be using Roost Renters Insurance since they want to save money. You can really save a lot of paperwork and hassle by putting your roommates under one policy.

Notable Quote From Value Penguin against Roost Renters Insurance:

"Roost Renters Insurance give you standard coverage with guaranteed replacement cost coverage included, but its lack of transparency and poor customer satisfaction reviews make it hard to recommend."

We discovered a similar problem in looking for information on Roost Renters Insurance. We wish that the company was more transparent with its renters insurance policies.

How Do You File a Roost Renters Insurance Claim?

Let's say that something happens and you have to file a renter's insurance claim with Roost Renters Insurance, what's the process like?

You have a few options when it comes to filing a renters insurance claim with Roost Renters Insurance:

• Go online through the portal here (https://msimga.com/).
• Call (844) 788-0877.
• Speak with your property manager.

Please remember to contact your landlord and the police when a situation occurs so that you have the proper paperwork in case it's needed from you. 

If there's a theft, you're going to need a police report so that you have your paperwork in check.

What Isn’t Covered By My Roost Renter's Insurance Policy?

Now that you know what’s covered with your Roost Renters Insurance policy, it's important to see what isn't covered.

Here's what you have to look into when you speak with your property manager:

• Running a business from home isn't typically covered.
• There will be limits on jewelry and electronics.
• Not all natural disasters are covered.

As always, we suggest that you go over your renters insurance policy to see if you need any modifications based on your unique situation.

The graphic below shows an example of what's covered and what's not covered with your Roost Renters Insurance policy.

Can I Add My Roommate?

Are you looking to add your roommate to your renter's insurance policy?

We have good news here. You can have a bunch of roommates under one renter's insurance policy with Roost.

We always look at the financial strength of a renter's insurance company because we want you know that you're going to be covered in the future if you were to file a claim.

While Roost doesn't have an A.M Best score, we were able to find out that Millennial Specialty Insurance has a score of A+.

Why does this matter? According to Roost:

"Roost Renters Insurance policies are serviced by Millennial Specialty Insurance, LLC (doing business in California as Millennial Insurance Agency, LLC), a leading provider of HO4 renters insurance products for the multi-family housing market."

This means that Roost Renters Insurance is backed by an established company.

Pros and Cons of Roost Renters Insurance?

We browsed around to try to see what the pros and cons of Roost Renters Insurance are. Here's what we were able to come up with.

Those are the pros and cons that we want you to think about before deciding to use Roost Renters Insurance.

Does Roost Offer Insurance In My State?

The good news is that it looks like Roost Renters Insurance is offered in all 50 states. If your property manager uses the Appfolio software, then you could obtain a Roost Renters Insurance quote.

You can also check the best renters insurance rates by state using the map below.

How can you cancel Roost Renters Insurance?

Final thoughts on Roost Renters Insurance...

That’s our review of Roost Renters Insurance. We really wish that we could add more information in here because Roost looks promising, but the company simply doesn't share enough information online.

If you're looking for amazing customer service or renters insurance quote comparisons, you're going to want to look elsewhere.

Roost Renters Insurance seems to be ideal for anyone who has an applicable property manager and is looking to share a renter's insurance policy with their roommates.