One of the biggest American insurance companies, State Farm, provides many renter coverage options. And give its customers the ability to bundle different insurance types. This insurer offers renters insurance policies in all states except Rhode Island and Massachusetts. State Farm Renters Insurance provides affordable coverage for renters. Offering protection for personal belongings in case of theft, fire, or other covered events.
With this insurer, renters can customize their coverage based on their needs and budget, ensuring they only pay for what they need. It also offers liability coverage, which helps protect renters in case someone is injured while visiting their home. Additionally, renters can benefit from State Farm’s exceptional customer service and easy claims process, making it a reliable choice for renters seeking peace of mind and financial protection.
With the plans offered by this company, renters can protect themselves with amazing policy options. From standard personal property, loss of use coverage, and liability to specialty add-ons, your mind will be at rest knowing your belongings are protected. With very few customer complaints, the ability to get quotes quickly. With the ability to manage claims online and a huge coverage option to select from, State Farm’s renter insurance is an amazing option.
State Farm Renters Insurance Coverage
Landlords sometimes require their tenants to buy a policy with a good amount of renter’s liability insurance. But otherwise, the coverage you go for is totally up to you. The following are the four types of coverage included in most standard renter’s policies:
- Personal property: this helps to cover your furniture, clothing, electronics, and other personal belongings.
- Liability: This helps to pay if you are responsible for property damage or bodily damage. It covers the cost of the lawsuits or medical expenses.
- Loss of use: It pays for restaurant meals, hotel stays, and other expenses if you have to move out of your home while it undergoes covered repairs.
- Medical payments: This covers the medical payments if a guest gets injured in your home, regardless of who is at fault.
Besides the standard options, you can tweak your State Farm renters insurance with more coverage choices. You can get replacement cost coverage, meaning your belongings are insured for their current value, not what they were originally worth. If you run a business from home, your policy might already include coverage for business stuff.
You can also add on extra coverage for things like waterbed damage, identity theft, or backup from sewers. Plus, there are options for covering valuables like jewelry or fine art if the basic limits aren’t enough.
What does it not cover?
Most renters insurance policies, like State Farm’s, don’t cover damage to the building since that’s the landlord’s responsibility. Damage from floods, earthquakes, or landslides isn’t covered either.
If you have roommates, they can be included in your policy, but it’s usually better for each person to have their own policy to ensure full coverage.
How Much Does State Farm Renters Insurance Cost?
Based on information from Quadrant Information Services, State Farm renters insurance typically costs around $10.50 per month. Or $126 per year on average. Their rates are the lowest among the providers we’ve looked into, being 26% less than the national average for renters insurance. Your quote may be lower or higher based on certain factors. These factors include location, size, personal information, policy customization, age, construction, and other personal information. Top of Form
How to Get a Quote for State Farm Renters Insurance
Getting a quote for this insurer, Renters Insurance, is simple and can be done online or over the phone. To begin online, visit statefarm.com and go to the Renters Insurance section. Just enter your ZIP code to start the process. Alternatively, you can use their phone number to speak with an insurance agent and begin the quoting process.
You’ll need to provide some basic information about your rental unit and your insurance history. This includes details such as the number of people living in your apartment, any business activities conducted from your rental, the value of your personal belongings, safety features in your rental unit, and your insurance history.
Having this information ready will help streamline the process, whether you choose to get a quote online or over the phone. If you decide to proceed, you’ll fill out an application and pay your premium to activate your coverage.
