What to Know About Erie Renters Insurance
For almost a century, Erie has established a reputation as one of the most reliable insurance companies in America since it was founded in 1925. Erie offers Renters insurance, business insurance, along with options for home and life insurance amongst its many services. Erie's Renters insurance provides competitive coverage for its clients who want to protect their personal effects but do not own a home. In the event of a fire, theft, or any other damages, Erie Renters insurance ensures that your personal effects are replaced according to the amount stated within policy limits and in exchange for an affordable premium. Erie has built a solid reputation for itself over the years, with its excellent customer service and affordable pricing. Erie manages up to 5 million insurance policies and holds an A+ rating with the BBB. Presently, it is one of the largest U.S. insurers, with consumers in up to 12 states including the District of Columbia
What Erie Renters Insurance Covers
Amongst what Erie Renters insurance covers are Personal Property which includes the cost to replace or repair your personal effects, such as apparel, furniture, and electronics, up to the limits in your policy. It also covers liabilities; the cost of repairs in the event that you accidentally damage another individual's property or the individual's medical bills if you are found responsible for their injuries. Additional costs that you might incur, like hotel bills, are also covered if the residence you rent is damaged by you and thus rendered uninhabitable. Erie's Renters insurance also includes Personal Property Coverage which will help replace your stolen items. This coverage often protects personal effects stolen after a breach at your rented property or even effects taken outside of your premises. However, it is necessary to take into consideration that personal property coverage is subject to a deductible which means you would have to pay in advance for the covered effect's replacement or repair before the loss is recouped.
Erie Renters insurance does not cover flood damage. It is a natural disaster that can happen at any time and even in places where no one would think a flood can occur. Also repairing damage from floods can be very costly to bear. However, a separate Flood damage insurance can protect you from the crippling costs. Flood damage insurance covers damage from thunderstorms, hailstorms, and melting snow, blocked storm drainage systems, or any other similar situations. You are given the coverage that would otherwise be unavailable through the other Renters, business, or home insurance. However, if the water damages you experience is from a leaking water pipe or anything related, then your existing policies may cover the damages. If the leaks you experience are in your building foundation, or as a result of a natural disaster like floods, then that is not covered. If the damage is as a result of a leak that had not been attended to or any maintenance issue then it is not covered either.
While Erie Renters insurance does cover some types of pet damage, there are a lot of exceptions to the rule. First, you are required to disclose that you own a pet without which your coverage might be null and void and there would be no cover for anything related to your pet. Predictably, there are a lot of details to this which means your coverage is partial and not complete. The reason for this is simple. A pet is a complex possession. Being a living thing, it can cause property damage to other individual's property and cause liabilities for issues that could easily translate to lawsuits. Erie's Renters insurance policy would normally cover both of the aforementioned risks but when it is caused by an animal, other details of the coverage begin to arise that cannot be ignored. The most important thing to note from the beginning is that we naturally provide a type of pet liability coverage. However, even those policies won't cover everything.
Erie Renters Insurance Review and Costs at a Glance
ERIE Renters Insurance cost offers extensive insurance coverage and currently has more than 5 million policies in circulation. ERIE’s Renters insurance prices are very affordable and cover most of what Renters need. Their excellent customer service has earned great reviews and high ratings with the Better Business Bureau (BBB). To access Erie's Renters insurance, you would need to reside in their covered areas which include Indiana, Washington D.C, New York, and 12 other states. Erie's Renters cost information can be accessed from a drop-down menu on their official website where customers can select their state and city to contact a local Erie insurance office. Erie's Renters cost includes a base coverage of a $500 deductible based on a $20,000 estimate for personal effects and loss of up to 12 months. This base coverage is attached to a $160 annual premium. Their Home and Family Liability Protection includes a personal liability of $100,000 for each occurrence and medical payments to others at $1,000/person. The total quote sums up to an impressively affordable $325 premium for the year at a monthly cost of approximately $27.
| Erie Renters Insurance Stats Overview | Stats |
|---|---|
| Average Cost in the U.S for Erie Renters Insurance Annually | $104.37 |
| Average Cost in the U.S for Erie Renters Insurance Monthly | $8.70 |
| Erie Renters Insurance JD Power Rating | 3/5 |
| BBB rating for Erie | B+ |
How Much is Renters Insurance Through Erie in Your State
The national average policy costs per year are about $186 which adds up to a little over a monthly cost of $15 for liability coverage ranging between $30,000 to $50,000 (depending on location), with a deductible that ranges from $500 to $1,000. Erie Renters insurance is less expensive than that with Pennsylvania being the least expensive and New York having the highest policy costs. Erie's Renters insurance has one of the most competitive and affordable costs in the country.
| Erie Renters Insurance Prices by State | Avg. Costs Per Month for Erie Renters Insurance | Costs Per Year for Erie |
|---|---|---|
| Illinois Renters Insurance | $7.51 | $90.13 |
| Indiana Renters Insurance | $6.61 | $79.37 |
| Kentucky Renters Insurance | $8.50 | $101.97 |
| Maryland Renters Insurance | $8.79 | $105.54 |
| New York Renters Insurance | $9.39 | $112.67 |
| North Carolina Renters Insurance | $7.57 | $90.88 |
| Ohio Renters Insurance | $5.57 | $66.83 |
| Pennsylvania Renters Insurance | $6.51 | $78.16 |
| Tennessee Renters Insurance | $9.04 | $108.51 |
| Virginia Renters Insurance | $8.73 | $104.76 |
| West Virginia Renters Insurance | $7.82 | $93.81 |
| Wisconsin Renters Insurance | $5.69 | $68.26 |
How to Get a Erie Renters Insurance and Auto Insurance Discount
When you are purchasing your Erie Renters insurance, it is best to also get an auto insurance policy. It is even better to get Erie's Renters insurance and auto insurance discount. The process of bundling both policies is very simple. The company will usually ask you when you are in the process of purchasing a Renters policy if you would like to bundle your policy with the other policy. You find yourself in a more flexible situation if you do not have either policy because you have the chance to negotiate better terms with your local service provider. It is very likely that you already own a car insurance policy since auto insurance is compulsory everywhere. If you do, you have to get a Renters quote from Erie and see what discount you can receive. We give you the opportunity to bundle the two policies. Erie's Renters insurance and auto discounts are one of the most impressive in the industry.
How Much Does Erie Renters Insurance Cost Versus Competitors
Taking into consideration that Erie Renters insurance doesn't offer additional options to its policies. Erie's Renters insurance costs are one of the best and arguably the most affordable in the country. Erie Renters insurance average price per year is $140 makes it up to 14% cheaper than the other average cost that a customer might find among rival brands. Erie Renters insurance offers extensive insurance coverages of liability, personal property, and loss of use, however, they don't offer any additional options.
Getting in Touch with Erie Renters Insurance
You can call Erie Renters Insurance Phone Number: (800) 367-3743 for 24/7 support. You would be given different options to select from; Option 1 is for reporting any windshield or auto-related incident; Option 2 is for any roadside assistance you might need in the event you got stranded and this is provided by Agero; Option 3 is for making claims that are related to workers’ compensation; Option 4 is for newcomers who want to make their first claim or for an existing user who want to make a new claim; Option 5 allows you to speak to our representatives about any previously reported claim; and Option 6 is a direct line to our dedicated Customer Care for questions on payments, billing, and any policy information. If you want to make a claim for a life insurance policy or an annuity contract, you can call Erie Family Life at (800) 458-0811. They are committed to helping you stay abreast of any situation that is important to you. You can check at any time to inquire about the state of your auto, home, or property on your online account.
To access an Erie Renters insurance renewal, there are a few steps you must take. First, you have to take inventory of your personal effects and if you live with a roommate then make sure that you clearly define what belongs to each person. Next, you have to make a compilation of all serial numbers and receipts for as many items you have. This becomes very valuable if your items get stolen. Then you should take photographs of your belongings because they will help you stay organized and show the condition of each of your items. Now you have to review the policy you have. Pay special attention to its limitations, deductibles, and any other important information. Having done that, set aside an emergency fund for it. Update it once a year and constantly revise the list to update it. Tag or engrave every item you possess to assist in the event they are lost or stolen. Now renew while double-checking your deductibles and replacement value amount for errors.
If you want to know how to cancel Erie Renters insurance, then you are in the right place. You can easily cancel your Erie Renters insurance policy by getting in touch with your policy agent. You will be asked to send an official cancellation request email and after this is approved, Erie will immediately cancel your policy and offer any refunds of unused premiums. There are no cancellation fees when you choose to cancel Erie Renters insurance and you will be asked for some personal information like name, policy type/number, address, social security number etc. while your request is processed. You can also stop by the Erie Renters insurance office to cancel your insurance policy in person. If you want to cancel Erie Renters insurance policy online, then you can easily chat with a customer service agent who will direct you on the necessary steps to take to terminate your policy and receive your refund.
Getting a Erie Renters Insurance Quote and Deciding Whether Erie is Right for You
You might think that you don't need an Erie insurance policy because you don't have your own house but what if your rented apartment suddenly caught fire and all of your belongings went with it or worse, you now, as a result of the fire, have no place to live. Let's imagine a thief were to break into your residence and that thief carted away with your TV, cell phone, jewelry, or laptop. What if an artisan working in your apartment were to slip, fall, and then sue you for their injuries. If you found yourself in that situation without an Erie Renters insurance, you'd have to replace your personal items by yourself even though it wasn't your fault. Take a moment to think about how much it would cost to replace your wardrobe, laptop, and furniture. However, if you had an Erie Renters insurance policy, it would be our responsibility to cover any Fire, smoke, or water damage to your residence. They would be in charge of providing temporary living expenses, liability protection, and at an affordable premium. Erie Renters insurance is worth a few hundreds of dollars to save the stress of the thousands of dollars you would have to bear without insurance. Get your Erie Renters insurance quote today and be covered.
