ResidentShield
ResidentShield presents renters insurance coverage in most U.S. states.
- No credit score test required to get a coverage.
- Your price gained’t go up when you file a declare.
- Bedbug protection could also be accessible.
- Animal legal responsibility protection could also be restricted.
ResidentShield
ResidentShield presents renters insurance coverage in most U.S. states.
- No credit score test required to get a coverage.
- Your price gained’t go up when you file a declare.
- Bedbug protection could also be accessible.
- Animal legal responsibility protection could also be restricted.
ResidentShield isn’t an insurance coverage firm. It’s an company that works with third-party insurers to seek out you a renters coverage, with availability in most U.S. states.
ResidentShield companions with sure condo communities throughout the nation. In case you dwell in a kind of communities, the corporate will make your life somewhat simpler by prefilling sure components of your software. However you don’t have to dwell in a associate advanced to get ResidentShield renters insurance coverage.
Insurance policies from ResidentShield stand out in a few methods. First, the applying course of doesn’t contain a credit score test. That’s helpful for renters with poor credit score, who typically pay greater renters insurance coverage charges in most states.
Second, ResidentShield guarantees that your premium gained’t go up when you file a declare. That’s a uncommon perk within the renters insurance coverage business.
However pet homeowners will wish to take an in depth have a look at ResidentShield’s animal legal responsibility protection, which can fall wanting what you’d discover elsewhere.
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State availability
ResidentShield sells renters insurance coverage in Washington, D.C., and each state aside from Alaska and Hawaii.
ResidentShield renters insurance coverage protection
Landlords generally require tenants to buy a coverage with a minimal quantity of renters legal responsibility insurance coverage, however in any other case, the protection you select is usually as much as you. Beneath are the 4 forms of protection included in most traditional renters insurance policies:
Covers your clothes, furnishings, electronics and different belongings. |
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Pays for lodge stays, restaurant meals or different bills if you must dwell elsewhere whereas your house undergoes lined repairs. |
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Pays out when you’re chargeable for accidents to different folks or harm to their property. |
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Covers accidents to different folks in your house, no matter fault. |
One good characteristic of a ResidentShield coverage is that it covers your private belongings on a substitute value foundation. With such a protection, the corporate pays you adequate after a declare to purchase new replacements for broken or stolen gadgets.
Some renters insurance policies pay solely the precise money worth of misplaced gadgets, which displays depreciation. As a result of issues like furnishings and electronics are likely to lose worth over time, having precise money worth protection means your declare payout may come up properly wanting what it is advisable to purchase new gadgets.
Relying on the place you reside, you could possibly add some or the entire following to your coverage:
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Water and sewer protection, which pays for harm to your belongings if a water line or sump pump backs up into your house.
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Pet harm protection, which pays to restore issues like carpet stains or scratch marks out of your furry buddy.
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Further animal legal responsibility protection for medical and/or authorized bills in case your pet injures somebody or damages their property. (The private legal responsibility protection included along with your coverage could also be restricted for eventualities involving animals.) Be taught extra about canine legal responsibility insurance coverage.
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Tools safety protection, which pays for bodily harm to laptops, telephones and different digital devices.
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Tenant harm protection, which pays for property harm you trigger to your rented home or unit.
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Earthquake protection to restore or substitute your belongings after an earthquake (accessible in California solely).
Reductions
ResidentShield presents a reduction of as much as 20% for renters in a senior residing group. You may additionally be capable of lower your expenses by paying your renters insurance coverage premium in full, relatively than in installments.
Shopper expertise
Web site: You should utilize the ResidentShield web site to get a renters insurance coverage quote, file a declare or see fundamental details about the corporate’s insurance policies.
Claims: You possibly can file a declare on-line or name 800-822-2997. In accordance with the corporate, your premium gained’t go up after you file a declare, which is uncommon within the insurance coverage business. Charges sometimes go up practically 19% on common after a renters insurance coverage declare, in response to UM’s price evaluation.
Customer support: For assist, e-mail [email protected], name 800-566-1186 or use the corporate’s chat characteristic, which presents each automated and dwell help. Customer support is accessible on weekdays from 7:30 a.m. to 7 p.m. CT.
The place ResidentShield stands out
Alternative value protection for private belongings. Many insurance coverage insurance policies cost further for such a protection, whereas ResidentShield consists of it.
No penalties for poor credit score or prior claims. Renters with a patchy credit score historical past or a previous insurance coverage declare usually pay extra for his or her coverage. That’s not the case with ResidentShield.
The place ResidentShield falls quick
Animal legal responsibility protection. Most renters insurance coverage covers canine bites and different animal legal responsibility claims as much as your full private legal responsibility restrict (usually $100,000). However lots of the quotes we received from ResidentShield had decrease ranges of animal legal responsibility protection, akin to $10,000, until we have been prepared to pay further. The typical value of a canine chew declare was greater than $64,000 in 2022, the newest information accessible, in response to State Farm and the Insurance coverage Data Institute.
Availability in Alaska and Hawaii. Renters in these states might want to look elsewhere for protection.
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UM ranking
4.5 /5 |
UM ranking
4.5 /5 |
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Complaints to NAIC No information |
Complaints to NAIC Near anticipated |
Complaints to NAIC Greater than anticipated |
Protection choices No information |
Protection choices Greater than common |
Protection choices Greater than common |
Reductions No information |
Reductions Nice set of reductions |
Reductions Common set of reductions |
Backside line ResidentShield presents renters insurance coverage in most U.S. states. |
Backside line Renters insurance coverage protection with a number of helpful add-ons. |
Backside line Simple insurance policies from a tech-centric, mission-driven firm. |
Different renters insurance coverage corporations to think about
Not able to decide? It’s possible you’ll be curious about these different renters insurance coverage corporations:
What different forms of insurance coverage does ResidentShield supply?
Can I embody my roommate on a ResidentShield coverage?
How a lot is ResidentShield renters insurance coverage?