AllState

Renters insurance can provide stellar value to tenants renting a condo or an apartment. This type of insurance policy provides coverage for your personal property in the event of a covered loss, including fire, storm damage, or theft. Additional benefits of renters insurance include liability coverage for lawsuits and medical bills if a guest gets injured in your home. Renters insurance can also cover temporary living expenses such as food and lodging if your apartment is rendered unlivable due to a covered event. While there are many providers offering renters insurance, most do not provide sufficient coverage at competitive rates. However, Allstate is one of the leading insurers that offers a wide range of coverage for most customers, including renters.

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Overview of Allstate Renters Insurance

Allstate has been providing quality insurance to its customers since 1931. They initially offered Auto Insurance, but they have expanded to offer home and renters insurance over the years and much more.

Customers can access extreme policy customization through Allstate renters insurance. Most insurance companies will not cover luxury items or multiple properties, but Allstate will add these to a policy if the renter is comfortable paying a premium. Other add-ons include coverage for events such as explosions or even damage caused by Falling objects.

Allstate renters insurance offers other optional coverages such as identity restoration, which can offset the expense of identity theft, and high-value item coverage that can Pace replace expensive property or heirloom possessions.

If you are interested in an Allstate renters insurance policy, there are plenty of coverage options that range from comprehensive to completely custom. Depending on your renter Insurance history, you may even qualify for a discount.

What Does Allstate Renters Insurance Cover

The renter’s insurance policies offered at Allstate include the following:

Personal Property Coverage: Personal property coverage is the staple component of most renters insurance policies; this coverage will pay to repair or replace your belongings and personal property, including clothing, furniture, electronics, and more. Covered events and losses range from fire, theft, vandalism, and natural disasters.
Guest Medical and Liability Coverage: If somebody sustains an injury while at your home or apartment, you may be liable for their medical bills and any legal expenses if they file a lawsuit. Liability coverage will cover the legal costs, and the medical coverage will pay for any of their hospital and doctor bills.
Additional Living Expenses: If your apartment or home is damaged to the point where it is uninhabitable, additional living expense coverage will pay for temporary lodging and food while your home is being repaired.
Identity Restoration Coverage: If your identity is stolen, the Identity restoration coverage will give you unlimited access to a fraud specialist who can help you recover your identity and mitigate identity theft expenses.
Scheduled Personal Property: Standard personal property coverage may not extend to very expensive or rare belongings. Renters who own high-value items can add scheduled personal property coverage, which will ultimately pay to replace or repair high-value items.

How To Apply for Allstate Renters Insurance

Applying for a renters insurance policy quote from Allstate is simple and straightforward. However, applicants are advised to create an estimate of their property value beforehand. Having an estimate of how much your property is worth will help Allstate recommend the best policies to prevent over or underinsuring your policy. After you create your estimate and decide how much coverage you need, you can apply for a policy on the Allstate Renters Insurance website, and if you need any help, you can work with a dedicated agent.

* This content is not provided by the financial institution or the offer’s provider. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and does not constitute a financial or expert advice.