Esurance Renters Insurance Review

Typically, renters' insurance does not cover water or flood damage. Water damage is due to a pipe burst, roof leakage, sewage backup or flood in the basement, whereas, flood damage is due to water coming from outside or underground sources. Water or flood may cause structural damage, such as loose or buckling floors and roof or foundation cracks. You don’t want to see shocking repair bills. You might think: Do Esurance renters insurance cover flood damage or water damage? So, in case you live in an area prone to floods or other natural disasters and you have liability coverage in your insurance policy then there is comprehensive coverage that can provide additional financial protection to you. Contact an Esurance agent to discuss adding optional flood coverage to your renters' insurance policy.

Always thinking of buying pets but afraid of property damage? Does Esurance renters insurance cover pet damage? The short answer is “Yes”. Your renter insurance covers some type of pet damage. Property damage (to other’s people property) or liabilities for issues such as injuries or other lawsuits are the things that might go wrong with a pet. Luckily, these are covered under renters insurance. In case of property damage, let assume your dog is chasing a squirrel and causes damage to your yard. In this case, if the yard belongs to your neighbour then he would file a claim through your insurance company. The same rules apply in case of injuries. Your insurance company will cover the costs only if you are found liable. Other than this, there are exclusions where certain animal breeds cannot be covered such as exotic animals. In case of doubt or clarification, it is best to speak with your independent Esurance agent and asked what types of pet damage covered in your insurance policy.

Now it’s time to get the Esurance renters insurance renewal. But before renewal, do you have an updated inventory? Have you compiled serial numbers and receipts? There are some quick tips which will help you in renewing the insurance policy. First of all, make a list of all your belonging and keep a copy of it in a secure location such as a safe deposit box. After that, create a log book with serial numbers and receipts for as many items as possible. Take photographs of items to understand the exact condition of the item. Keep aside your emergency fund for your deductible amount in the event of a claim. Update your inventory by eliminating or adding items once a year. Review your policy and pay attention to limits, deductibles or any other information that reflects the policy coverage. Always pay attention to any valuables that may need additional insurance such as artwork or other items that increase in value then you may need to buy additional coverage.

Renters insurance not just protect your belonging but also cover liability claims, pay for a hotel when you are outside your home or pay the medical bills of your injured guest. There are many reasons to cancel Esurance renters insurance such as you are moving, you bought homeowners insurance, you are moving in with a roommate etc. Esurance renters insurance cancellation policy is simple and easy. Cancellation terms are mentioned in your renters' insurance policy. It is just contacting the company and letting them know you want to end the policy. You can contact them online through their website or by sending an email. You can also talk to an agent over the phone in order to cancel your policy. We never recommend cancelling the policy without replacing the coverage. If you don’t like your policy or if it is too expensive to afford then there are good alternatives we have for you to not cancel your policy. You can talk to the insurance company and adjust your coverage, payment terms and also get a quote for a new renters insurance policy which may lead to significant savings.