Austin Renters Insurance Programs
Programs for Property Managers
Higher Coverage. Greater Flexibility.
Regarding renter’s insurance, not all programs are created equal. You need a solution and benefit structures tailored to reduce risk exposure and improve NOI. So that’s what we made. As the underwriter of our products, we can develop unique solutions that meet your needs, from flood and pet damage to bed bugs and food spoilage. Plus, we’re A-rated, which gives us more flexibility to develop custom coverages when you need them and more robust support even when you don’t.
Higher coverage for you that’s affordable for your residents
One of the market’s most comprehensive, flexible, and affordable programs
Award-winning Industry-leading claims and service experience
Austin Renters Insurance Programs
Boost Participation Rates with Hassle-Free Tracking
24/7 presents a hassle-free approach to paying renter’s insurance premiums, either in whole or a short payment plan. This seamless process keeps each policy in place without constant tracking, reducing your time and effort. Our innovative system guarantees a decrease in participation and eliminates coverage gaps. We offer high coverage insurance at an affordable rate, ensuring record participation for properties. Let us help you simplify insurance payments and increase tenant engagement.
Ensure compliance and minimize gaps in coverage with automated tracking that requires no extra work from your leasing team.
All tracked policies come with guaranteed coverage, and resident enrollment is a breeze.
Plus, our streamlined opt-in process helps you increase ancillary revenue.
And for residents with lapsed coverage, we offer liability-only policies to help keep everyone protected.
Offer Affordable and Customizable Coverage with Renters Preferred
At Renters Preferred, we aim to provide you with the best coverage that meets your protection requirements while being affordable. With us, you can set your minimum liability requirement, and your residents can choose between a comprehensive Renters Insurance (HO4) policy or a liability-only policy that suits their needs. Rest assured that we have got you covered!
Our coverage options are fully customizable, allowing residents to protect all their belongings or essentials.
Liability coverage can be written individually to all on the lease.
You can set the minimum liability requirement, ranging from $100K to $500K.
For those with pets, optional coverage is available for any damages they may cause.
Additionally, our industry-leading benefit structure creates ancillary revenue opportunities that are highly adaptable to your needs.
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Get the answers you’re looking for: Renters Insurance
How much is your stuff worth?
Well, you’re in luck because we have an easy way of estimating the value of all those items. Our Personal Property Insurance calculator will help make it simple and allow us to find out what kind of coverage would best suit you.
I am a renter, not a homeowner. Do I still need insurance?
Yes, renters insurance is recommended for when you live in someone else building structure or other rented living space. Without renters insurance to protect your belongings from damages caused by events such as fire or theft, you might potentially be responsible for paying out of pocket to replace them.
Doesn't my landlord's insurance covers my personal belongings?
While your landlord most likely does have insurance, Your insurance is not the same. Landlord insurance only covers the physical structure of the building but not your personal belongings within it.
I live in an apartment with roommates. Do we each need a renters policy?
Yes, renters insurance covers your belongings but also if you happen to be the cause of the accident that places your roommates’ stuff in harm, they might want to be compensated or might end up suing you for damages.
Having renters insurance would ensure that you would all be covered separately if something happened. Any time you create a claim it shows on your record, you dont want to carry claims from someone else fault.
Does renters insurance cover my stuff while it's being used?
Coverages vary for renters insurance, but they include Personal Property and Contents Coverage. If you happen to be using or taking part in an activity that puts your Personal Property at risk, renters insurance might kick in and protect you.
Who decides how much my property is worth??
Settling on property damage coverage is based on the actual cash value rating of your renter’s policy. Renters insurance protects you from incurring a financial loss when your property is lost or damaged in an unforeseen event. Using the calculator above will help us determine what dollar value rating best fits your needs.
- Actual Cash Value (ACV) – The amount it would cost to repair or replace your renter’s belongings after depreciation.
- Replacement Cost Coverage (RCC) – The amount it would cost to repair or replace your renter’s belongings, regardless of depreciation. With renters insurance, you’re not required to settle for the actual cash value of the property if it’s damaged.
Does my renter's insurance cover my possessions even when I go on vacation?
You might think that renters insurance is only applicable if you live in an apartment building, but it’s not. It provides coverage for all your possessions, no matter where they are. Whether or not the location matters about a covered event happening at home – as long one has paid up his monthly premium beforehand!
What if I am sued or found responsible for injuring another person?
Under renters insurance coverage, you are insured if someone sues you. insurance liability also covers legal expenses, up to the limits of your renter’s policy, should you be found liable for injuring another person or damaging another person’s property.
How do I create an inventory after getting renters insurance?
This may not be the most fun part of renters insurance, but creating an inventory could save you money in the long run. There are great renters insurance checklist templates to make it easy for you.
Does a college student need insurance for their apartment?
Yes, renters insurance is an excellent option for college students! In the unfortunate event that they have to make a claim, you will want to look into coverage limit. This type of policy covers items such as furniture and clothing even if they’re lost in a fire or damaged by severe wind or hail.