Renters insurance

[Anonymous]

Hi guys,

I'm not sure where to post this, but here goes. 

I'm looking for a good renter's insurance. I'm not looking for the cheapest, but rather the best when it comes to paying up and servicing claims. Also need one that offers replacement value coverage. 

I have heard a lot of bad things about Nationwide. Any experience with Liberty Mutual, State Farm or others for Renter's or Home owner's insurance (where you actually had some claims that got serviced)?

[Skye12329]

IMO it doesnt matter whom you go to, or hear things anyways. Like everyone has their own opinion, i think it depends on the people.

Like i have State Farm (car and renters insurance) and my renters insurance is $4 a month because i have auto insurance with them. Well i purposely chose a smaller State Farm and the people are really nice. So i dont think i will have a problem filing a claim if ever need be. So far i have not needed to.

[compassion101]

Are you planning on getting robbed?

[Imperfectfuture]

Some rentals require renters insurance, cheaper for the landlord, etc. becoming much more the norm. I still carry mine, even though this property doesn't require.

[DantGwyrdd]

I've had Geico when I had them for auto and now I have Progressive since I'm with Progressive for auto, it's about $12/mo + a discount on auto as well with above minimum protection (landlord required). In either case it's actually underwritten by a third party. I had tried researching it, but, like for everything online, got very mixed reviews so I just went with wherever my auto was both times for the multipolicy discount.

[Anonymous]

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@Imperfectfuture wrote:
Some rentals require renters insurance, cheaper for the landlord, etc. becoming much more the norm. I still carry mine, even though this property doesn't require.

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The landlord insures the building and general liability. Contents of tenant's is generally the responsibility of the tenant. That is why we read many stories where a residential building burns and the tenants are not covered because they did not obtain insurance. For my various rentals, I paid generally $100 to $150 per year so it was not all that expensive.

[Callandra]

My boyfriend and I have Sallie Mae renter's insurance (well kind of..it was through their website but our area did not qualify so we got linked to something similar). It's only about ~$17 a month so it's not like it breaks the bank. Our apartment is in a complex managed by a real estate agency (?) and they just started requiring it last year. It meets their requirements and it's way cheaper than the insurance they were offering (my guess is the real estate agency gets a cut). 

[Anonymous]

Nationwide is NOT on your side.

Honestly, I'd go with whoever you have your auto insurance with. You'll get a multi-policy discount and you obviously trust them already with a vehicle.

If you are a non-car owner... forgive my presumption and ignore my advice.

I have USAA for both, but I haven't ever had a claim on Renters and my last claim on my own auto policy was over 15 years ago (was with Progressive and had no problems).

edited to correct my math - Damn, I'm getting old.

[disdreamin]

I'd just do some comparison shopping and make sure you specify replacement cost, as well as limits. I've used (and had claims with) Nationwide and State Farm. No issues with either, in my experience. I shop for rates every few years to make sure wgat I'm paying is still competitive. I won't switch for a few dollars, but significant savings are a different thing.

[Bearclaw]

Are you planning on getting robbed?

Renters insurance is less about losing valuables and more about liability. Landlord deems you responsible for charges or something breaks and you're due to pay the money.