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5 User Reviews
LAST UPDATED: May 4th, 2021

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.

Read Assurant Renters Insurance Reviews

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The Good

  • High Financial Strength Ratings
  • Renters Insurance Coverage
  • Replacement Cost Coverage
  • Liability Only Option
  • Additional Benefits
  • Multiple Payment Plans
  • Automatic Proof of Insurance to Landlord

High Financial Strength Ratings

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.

Renters Insurance Coverage

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:

  • Belongings — personal property is covered if stolen or damaged (whether they are in a storage unit or friend’s apartment)
  • Personal and Property Damage Liability — takes care of damages to a home or neighboring property due to fire, water, smoke, or explosion, or if a guest gets hurt
  • Replacement Cost — customers will be reimbursed for the cost to repair or replace things
  • Mold — replace damaged belongings damaged by dry rot, fungus, or mold
  • Roommates — ability to add roommates to the policy

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.

Replacement Cost Coverage

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.

Liability Only Option

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.

Additional Benefits

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.

Multiple Payment Plans

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.

Automatic Proof of Insurance to Landlord

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.

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The Bad

  • Additional Benefits Cost More
  • Limited Customer Insight

Additional Benefits Cost More

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.

Limited Customer Insight

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.

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The Bottom Line

Assurant personalized coverage is excellent for those with pets and those wanting a low deductible. The renters insurance company does allow customers to set their deductible as low as $100 — this is one of the lowest deductibles throughout the industry.

Although we can't make a recommendation based on the customer experience, Assurant is worth considering for the features that stand out as an insurance carrier like coverage for mold, flood, and bed bugs.

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5 Reviews

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Review Source

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Rocio Diaz Tallahassee, FL

Assurant has broad coverage and relatively low prices. The payments can be made monthly or a lump sum. The lump-sum package is cheaper but monthly payments range from 15 to around 30 dollars. Not too expensive. Really good coverage.

1 year ago

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Review Source

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Karen Torino Tallahassee, FL

This was the first ever insurance i've bought on my home. it was really easy to pick a plan and choose the options i wanted. Luckily I havent had to file any claims yet! but the sign up process was really easy.

1 year ago

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Syl North Port, FL

I bought renters insurance from Assurant for two consecutive years. It offers competitive prices with better coverage. My rate has never gone up, and renewing is so simple.

1 year ago

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Kyle Johnson Portland, OR

My wife and I use Assurant for our renters insurance. They have very competitive pricing.

8 months ago

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Review Source

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Danielle Powell Long Beach, MS

This company was super helpful. I was able to purchase my plan over the phone. Never had an issue with it

1 year ago

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