Getting renters insurance should be your utmost priority if you are the type that rents or leases properties. As a landlord or landlady, not only should you protect your home, but your rentals also need the right insurance coverage. State Farm is one of the best insurance companies that provide low-cost and affordable renters insurance to potential insureds.
Living in a rental apartment doesn’t stop you from getting an insurance policy to protect your property from damage or loss. Getting renters insurance is one of the best few decisions that you can make. Why? You ask because renters’ insurance will protect your property from damage by fire, weather conditions, and other unforeseen circumstances.
State Farm Renters Insurance covers everything you have in your rental home at an affordable price. It has some of the best-tailored renters’ insurance policies for people, along with discounts for a much cheaper price.
What Does State Farm Renters Insurance Cover?
Most landlords require that the tenants get a renters insurance policy before they can move into the building. This can be a little hard on most tenants because of the cost of the renter’s insurance. However, State Farm provides four types of coverage that suit every buyer’s needs for an affordable price and even offers discounts. This makes the renter’s insurance cost the same as a pizza.
Personal Property
Personal property coverage protects your property from accidents that are related to smoke, theft, fire, wind, water, or vandalism.
Loss of Use
This coverage will pay for the extra living expenses such as hotel fees if you need a temporary place to stay due to your home being uninhabitable because of a covered loss. Loss of use pays for the short stay while your home is being repaired for at least 24 months.
Liability
Liability protects you if someone hurts you in your home. If you damage someone’s property, this coverage will protect you from medical expenses and medical fees.
Medical Payments
This coverage pays for the medical expenses of people who get injured in your home, irrespective of who is at fault.
There are other coverage you can add to your renter’s insurance to make it suitable for you. Coverage such as:
Replacement Cost Coverage
This can be added to every State Farm Tenant Insurance Policy. It covers the market value of your properties regardless of how much they devalue.
Inflation Coverage
This can also be added to every State Farm Renters Insurance policy. It takes inflation into account and alters your property coverage. Most personal property like silverware, firearms, furs, and jewelry may also be subject to coverage limits.
Business Property Coverage
This coverage can be added to your State Farm Renters Insurance policy and it offers up to $1,500 of coverage for business property.
For a few extra bucks, you can add some other coverage options to your State Farm Renters Insurance. You can contact State Farm’s agent for assistance with your policy purchase.
- Waterbed liability coverage: This is for damage caused by waterbeds.
- Earthquake coverage: This coverage pays for any damage caused by the earthquake.
- Identity theft coverage: Pays for the cost related to cyber-attacks, or identity fraud.
- Nurses’ professional liability: This coverage pays for costs sustained through nursing activities by a licensed nurse or registered nurse.
- Sewer or drain backup coverage: It pays for damage caused by drains or sewers to your belongings.
- Additional insured coverage: This covers non-residents who have a financial interest in your property.
- Personal injury endorsement: This covers the cost of non-physical injuries.
- Additional business property coverage: This coverage protects your business properties. It also covers the injuries of people who work in your studio or office.
These are some of the additional coverages you can add to your State Farm Renters Insurance policy. As you can see, State Farm provides the best-tailored renter’s insurance to suit every policyholder’s needs.
Does State Farm Renters Insurance Cover Pets?
Are you wondering if your pet is covered by State Farm renter’s insurance? Well, it does. However, it doesn’t cover any damage done to your property by your pets. All pets are covered under the personal liability of the State Farm renters’ insurance policy.
Any damage caused by your pets to someone else’s property will be covered up to the limit of your policy liability. When getting renters’ insurance from State Farm, the breed of your pet doesn’t play a crucial role in your policy purchase. It would be advisable to raise your liability limits to cover your pet’s potential risks.
Before purchasing a renters insurance policy from State Farm, you should contact the agent to discuss the policy for other exotic animals because they may not be covered in the insurance plan. State Farm partners with Trupanion to provide pet insurance for your furry little companion. However, this deals with the medical cost of your pets and not any damage caused by the pets.
State Farm Renters Insurance Reviews
State Farm is one of the best insurers in the United States. They have a positive review which can be dated back to the 50s. State Farm provides the best insurance policies, which can be customized to suit every policyholder’s needs. It provides life, home, auto, and renter’s insurance.
Several bureaus rated State Farm Insurance with an A+ rating, and their customer service is exceptional, not to mention their cheap insurance costs, and only State Farm agents can sell their State Farm products, not through local agents like other insurers. These are only some of the things that make State Farm stand out from other insurers.
Policy purchasing has never been easier since State Farm offers assistance through their agent for people who want to buy any type of insurance policy. It is very easy to file a claim, and the financial strength of State Farm is durable.
State Farm Renters Insurance Cost
The price of State Farm Renters Insurance is much less when compared to other insurers. The cost also varies depending on where you live. However, the average cost of State Farm renters’ insurance is $15 monthly and $188.32 annually, for about $35,000 in coverage limits.
How to Get a State Farm Renters Insurance Quote
To get a quote for State Farm Renters Insurance, you need to head over to their official website and then follow the prompts.
- Connect to the internet
- Open your web browser and visit State Farm’s official website.
- Select ”Renters” from the product option.
- After that, enter your zip code and click on ”Start a quote”
- You will be taken to a new page
- Enter the address to insure, city, state, and zip code on their respective field.
- Then click on ”Continue”.
- On the next page, enter your full name, date of birth, email address, phone number, and phone type.
- Tap the Continue button.
- Include the number of people living in your home.
- Add another name to your policy.
After this, the next step is to choose which add-ons you would like to add to your State Farm renter’s insurance to suit your needs, and then you will have a quote ready for you.
State Farm Renters Insurance Login
To login to your State Farm account, follow the procedures below:
- Connect to the internet.
- Open your web browser and visit State Farm’s official website.
- On the homepage, tap the Log in button located at the top right corner of the page.
- Enter your user ID and password.
- Tap the Login button.
And that is it. You will be taken to your State Farm account.
State Farm Renters Insurance Claims
If you want to file a claim for your renter’s insurance, log in to your account and then follow the procedures below:
- Connect to the internet.
- Open your web browser and visit State Farm’s official website.
- On the homepage, tap the Claims tab.
- Choose ”File a Claim”.
- Login to your account.
- Choose the kind of claim you are filing.
- Provide the documents needed for the claim.
After filing your claim, State Farm will review it to determine if it counts as a protected event and then assess the damages. You will be contacted with more questions. The estimate and then the repair option will be sent to you before any payment is made.
Claims can also be filed on the State Farm mobile app. Provide all the documents required, such as when the incident occurred, the damaged property, contact information, cause of damage, and other injuries. Make sure you hold on to damaged items until you have spoken to an agent and then make a total estimate of your valuables because this will be crucial proof for your claim.
FAQs
Can I Get a Discount on State Farm Renters Insurance?
State Farm offers discounts to reduce the cost of your insurance policy. If you bundle the purchase of your auto and renters’ policies, you will save up enough to cover the cost of your renter’s insurance policy. State Farm offers a 17% discount for multiple insurance policies.
- Multiple policy discount: When you add two or more insurance policies, you get a discount.
- If your rented apartment has safety devices such as smoke detectors, deadbolt locks, and anti-theft alarm systems, you are eligible for a discount on home protection devices.
How to Cancel State Farm Renters Insurance
Several reasons might arise when you want to cancel your renter’s insurance policy. Whatever the reason may be, you need to be aware of State Farm’s cancellation policy. You can cancel your insurance policy on the phone, through the mail, or in person. Contact your agent and provide the number of your policy, date of birth, and name.
Canceling your renter’s insurance policy by phone is much faster than other methods. It takes place almost immediately or on the scheduled date. Alternatively, you can mail your information along with your signature and date two weeks before you cancel your policy. There is no fee for cancellation of the policy.
State Farm Insurance Near Me
If you want to purchase renters insurance from State Farm, you need to find an agent. The best and easiest way to find an agent is through the official website at www.statefarm.com. Enter your zip code and tap the search button. You will be provided with a list of State Farm agents closest to you.
State Farm Insurance Customer Service
State Farm customer service is always at your disposal whenever you need them. You can go to the State Farm official website if you have any complaints concerning your policy. All the contact numbers can be found on their official website, www.statefarm.com.
