Assurant is a global provider that strives to protect what matters most for millions of people around the world. Assurant renters insurance provides consumers with a variety of coverage options including a liability only policy and coverage for mold and bed bugs.
Assurant stands out for its online application and purchase process, automatic landlord notification, and optional coverage.
Assurant has received high financial strength ratings, which indicates its stability and ability to meet claims obligations.
These ratings are important to note when choosing an insurer.
Depending on the amount of coverage needed, Assurant customers can personalize their renters insurance policy and protect their personal belongings, home, or neighboring property.
Here's what Assurant customers can expect their policy to cover:
Some Assurant customers may also receive flood, food spoilage, or bed bug coverage depending on where they live.
It's uncommon for flooding, mold, and bed bugs to be covered by a renters insurance policy, so the availability of these coverages makes Assurant advantageous.
Assurant's policies offer replacement cost coverage, which is different from covering the actual cash value.
The actual cash value takes depreciation into account, whereas the replacement cost replaces the item fully even if the replacement cost is more than the item was currently worth. Getting personal property coverage that pays the replacement cost can alleviate financial strain if you need to replace everything.
While liability insurance is included in an Assurant renters insurance policy, the insurer also offers a Liability Only insurance policy.
This coverage option is only available through its partner communities and doesn't cover personal belongings. The plan covers damage due to fire, water, smoke, or explosion.
Everyone on the lease is covered, and personal liability coverage is included - meaning if a guest gets hurt on the property, Assurant will take care of the necessary medical payments and legal expenses.
This offering of liability only coverage makes Assurant stand out from other insurance providers.
In select states, Assurant customers can add more benefits to their policy. Additional benefits include pet damage, water sewer backup, identity fraud expense, rent protection, and earthquake insurance.
The insurance company's pet damage benefit is somewhat unique throughout the industry, as many insurance companies do not provide coverage for damage caused by a pet.
Assurant's rent protection coverage also stands out because it covers your rent if you lose your job. This coverage can offer peace of mind and financial stability during stressful life transitions.
Another benefit of choosing Assurant is that you can add roommates to your policy at no extra charge.
Assurant currently offers three payment plans: Monthly, 4-Pay, and Annual. This payment flexibility lets you choose a payment schedule that works for you.
There is no charge for canceling a renters policy, so customers who purchase an annual plan but cancel after six months will be refunded for the last six months from the insurance provider.
Assurant automatically delivers proof of insurance to your landlord. If you're landlord has an insurance requirement, Assurant makes it easy to show your landlord you meet the requirement.
While Assurant offers some great additional benefits, customers should be prepared to pay extra for coverage. To see how much the additional coverage adds to their monthly insurance cost, Assurant customers will need to fill out the form and get an online quote.
Assurant does not have very many reviews on BestCompany.com. While we cannot make a clear recommendation for Assurant based on customer reviews, Assurant offers several unique coverage features and makes purchasing renters insurance easy.
Rocio Diaz Tallahassee, FL
3 years ago
Karen Torino Tallahassee, FL
3 years ago
Syl North Port, FL
3 years ago Edited September 14, 2021
Danielle Powell Long Beach, MS
3 years ago
Kyle Johnson Portland, OR
2 years ago