Renewal time is a good time to add a roommate and typically results in a new lease with both of your names on it. Just be careful and confident they’re responsible and trustworthy. Come renewal time, management may update the language of the lease. It’s incredibly important to read the lease closely and compare it with your current one. Price isn’t the only factor when negotiating with your landlord. If the building offers more desirable units, ask to move into one for the same price.
No, Assurant automatically covers relatives living with you for liability and for their personal belongings. Protect your home and auto insurance with Progressive to save a bundle. Many customers leave positive reviews on Trustpilot, praising the company’s quick claims. However, customers also leave negative reviews on the Better Business Bureau for a rough claims process, including over 1,200 complaints filed as of November 2019. Assurant includes several types of coverage you’d normally pay for and offers options you won’t find everywhere else. Pay for professional bed bug treatment, additional living expenses and damaged belongings.
With just a few clicks you can look up the GEICO Insurance Agency partner your Professional Liability Policy is with to find policy service options and contact information. With just a few clicks you can look up the GEICO Insurance Agency partner your General Liability Policy is with to find policy service options and contact information. With just a few clicks you can look up the GEICO Insurance Agency partner your Business Owners Policy is with to find policy service options and contact information. Helpful life insurance agents, who can assist you in servicing your policy, are just a phone call away.
According to the investigation, McCliggott totaled a 2014 Dodge Challenger in Spokane that was insured by a family member. He filed a claim with Progressive, the car’s insurer, for medical expenses. Progressive denied the claim because the policy didn’t have personal injury protection that would cover the medical treatment for the car’s driver. The family member falsely told the insurer that McCliggott was a passenger in an attempt to get them to cover the medical treatment, even though McCliggott’s health insurance paid for the treatment. All insurance products are governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy.
The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar. Geico is not the only option for renters insurance available. Here are a few competitors that you can also get quotes and information from. This covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property. You don’t have to worry about your insurer denying legitimate claims because they ran out of money. The insurance industry has a lot of safeguards that prevent that from happening.
The company assumes your full risk and pays you directly if you file a covered claim. USAA’s renters insurance is regarded among the best in the industry. The list of personal belongings that its standard policy covers is comprehensive, as is the list of circumstances under which those items are protected. Our reporters create honest, accurate, and objective content to help you make decisions. To support our work, we are paid for providing advertising services.
You need to know how much stuff you have, as well as what it would cost to buy it all again at retail. That’s the amount of personal property coverage that you need on your policy. GEICO offers a standard renters insurance coverage package, as well as add-on coverages that help protect your belongings. Replacement cost coverage means you would get the money necessary to replace your belongings at today’s cost. Scheduled personal property lets you add expensive jewelry and other pricier items into your coverage. GEICO has gained a lot of exposure in recent years for its clever television commercials, but GEICO was offering quality services long before those ads started airing.
GEICO is always committed to providing members of the Military like you the service and respect that you deserve. Our mission is to help people keep more of their hard-earned money. We offer low rates, and policyholders could save even more by qualifying for discounts, premium reductions, and special programs.
Geico Renters Insurance Review 2021
Navy Federal members can save on auto insurance with GEICO1and may also be eligible for a special member discount.2See how much you could save. See how much you could save with a special, member-only discount on auto insurance. When it comes to protecting your belongings, as a renter, you may think you’re fully covered if you have renters insurance. Read on to find out in what ways your belongings may not be covered for theft. From jewelry to collectibles, you may have more valuables than you realize.
Review your policy or talk with your agent to see if your property is insured while in transit or storage. We offer special discount programs and payment options to fit your unique lifestyle. It’s our way of recognizing your important service to our country. We support you whether you are deployed domestically or abroad, in peacetime, or in times of conflict.
When I reported the incident to them assurant told me they’ll open a claim and it takes 24 hours to open it. Next day when I called the rep told me no claim has been opened. Whether you own multiple rental properties or need to sublet your home for a year, a landlord insurance policy will help you rent your property with confidence.
Uninsured Motorist Coverage
The advantage that Allstate has over Lemonade is that Allstate policyholders have many more coverage options to choose from. While Lemonade offers the basics, Allstate offers coverage that is hard to find elsewhere, including flood insurance, a personal umbrella policy, and identity theft restoration. Additionally, Allstate gives policyholders to bundle their auto and renters insurance, unlike Lemonade. This feature might draw you more toward Allstate, since you can save significantly by having one insurance provider for multiple policies. Nevertheless, Lemonade is still a great option for renters insurance if you are looking for the basics at an affordable price. Although better known for their auto insurance policies, GEICO Corporation is also a leading property and casualty insurer offering basic homeowners and renters insurance coverages.
The best time to cancel your Geico policy is at the end of the policy term. An independent agent in our network can help you assess your needs and risks and choose the coverage amounts that are right for you. J.D. Power scores are based on surveys for customer satisfaction and product quality.
The price of renters insurance depends on several factors, including your location, distance from the coast, proximity to a fire station, and more. The best way to get an accurate price is to get a quote by clicking the button below. Assurant provides the manufactured housing industry with insurance products, extended service programs and unmatched support services. We awarded higher scores to renters insurance providers with the most channels for customer support. Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews. Instead, the company serves as an agency to help place landlord coverage with a network of partner carriers based on individual landlord needs.
We’ve made it our mission to provide quality, affordable coverage. That way, our policyholders can rest assured they’ll be taken care of in the event of a loss or an accident. In doing so, we’re committed to making everything insurance-related as easy as possible. Giving back and making our communities stronger is important to us. Providing outstanding community service is as critical as providing excellent customer service to our policyholders. We encourage the good works being done by many of our 42,000 associates in neighborhoods across the country.
Find Out What Makes Geico Our First Choice For Car Insurance
Earthquake insurance for renters is not required in California, unlike automobile liability insurance. Loss of Use not only covers temporary housing rent but also additional items, including food, moving, and storage expenses, and other essential tasks. Get a quick earthquake insurance price estimate using our premium calculator. And, talk to your residential insurer about a California earthquake insurance policy for renters that fits your needs and budget.
Earthquake insurance covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property. If you’re sticking to the decision to switch carriers, initiate your new coverage before you cancel the Geico policy. Provide the new insurer with any outstanding documents or information needed, such as proof of vehicle ownership, any lienholder information, your driver’s license number, plus a form of payment. Once coverage begins, you should receive temporary proof of coveragefrom the carrier within a day.
Covers vehicle breakdowns, including jump starts, spare tire installation, repair shop towing and lockout services. Protects you from financial burden in case the at-fault driver has inadequate or no insurance. Covers expenses related to car damage caused by a collision or rollover, no matter who is at fault.
Then shop around to find a company that will give you the policy you want. Geico is a competitor with USAA, so generally, they’re competing in price—if that’s your concern. Geico also provides basic renters insurance for $12/month—again this will depend on location, the amount of coverage you want, and your elected deductible.
That company will write your policy, and if you have to file a renters insurance claim, they’re the ones who will review it and decide whether or not to pay you — not GEICO. If you own expensive items such as jewelry, art or musical instruments, renters insurance pays to replace them if they are stolen or damaged by a problem covered by your policy. Keep in mind, you may need to “schedule” certain types of items if your policy has sub-limits. For example, your renters insurance policy might have a $1,000 limit for stolen jewelry. This will be the maximum amount the insurance company will pay, so it should cover the amount you would need to replace all your belongings, from furniture to clothes to kitchenware.
Waiting until after an earthquake to buy insurance is not a good idea. Also, after an earthquake, insurance companies often do not sell earthquake coverage for a certain period. And when they start to sell it again, the premiums may be higher.
All insurance products advertised onReviews.comare underwritten by insurance carriers that have partnered withHomeInsurance.com, LLC. HomeInsurance.com, LLC may receive compensation from an insurer or other intermediary in connection with your engagement with the website. As a rule of thumb, you should have enough personal property insurance to cover your personal belongings’ value and enough liability insurance to cover the value of your assets .
i feel this. the girl above me must really enjoy tap dancing at 4am
— Christian (@cgattorna) December 8, 2020
After submitting your claim, you will hear from an adjuster within 1 to 2 business days. If your payment is approved, it is processed immediately and applied to any outstanding/remaining balance. Checking account payments are applied immediately but take 10 to 15 days to settle with the bank. Your agent is located in the policy summary section after logging in.
GEICO Renters Insurance https://t.co/rnQfMoxQc5
— Clarence Thomas (@Clarenc68924032) November 21, 2020
Then, decide if you want coverage to replace items at current market value or their actual cash value. Choosing replacement value may cost you a bit more in premium payments but in the event of a covered loss, you’ll be able to cover the cost to replace your items with comparable new ones. Because Geico and Progressive sell renters insurance policies from other companies, complaints can vary. To compensate for this we used Geico and Progressive’s policy renewal scores in place of complaints.
You must cancel in writing and that they make difficult and delay responses. Meanwhile they keep collecting your monthly fee even three months after you informed Geico you moved out of that residence. With just a few clicks you can look up the GEICO Insurance Agency partner your landlord insurance policy is with to find policy service options and contact information. Did you know that when you rent your home, your belongings aren’t covered by your landlord’s policy? A renters insurance policy is an affordable way to ensure the things you work so hard for are protected. This is the portion of the payment that you are responsible for in the event of damages or a loss before your insurance company will pay for a claim.
We found this was a significant downside to their renters insurance. Get to know the difference between homeowners and renters insurance coverages. You’ll typically have a choice between replacement cost coverage and actual cash value . Replacement cost coverage is more expensive but it provides better coverage because it doesn’t take depreciation into account. For example, if you bought a laptop for $2,000 three years ago and it’s stolen, replacement cost would pay to replace the laptop at today’s retail prices . This coverage type covers your personal property—your furniture, jewelry, rugs, clothing, dishes, pots and pans, electronics and other times.
Generally, natural disasters such as earthquakes and flooding are excluded, however, specialized policies may be available for these events. There may be other events that aren’t covered under your policy. You should always review your policy documents and contract to be sure. These natural disasters are not generally covered by a renters insurance policy. If you believe you may be subject to these risks, ask your insurance agent or company if your policy fully protects you or whether you need to purchase additional coverage. Please refer to the product pages for applicable states of coverage.
Keep reading for our full USAA vs Geico renters insurance review. The average renter in New York can receive renters insurance for $14 a month ($168 annually). For New Yorkers looking for the most affordable renters insurance, Lemonade is the winner, at an average of $10 a month. The average price of GEICO renters insurance in New York is $17.
Insurance fraud costs the average family $400 to $700 per year in increased premiums. Consumers can report suspected insurance fraud on the Insurance Commissioner’s website. Customers who are part of certain professional and alumni groups and organizations are also eligible to receive a discount. Power Auto Claims Satisfaction Study, Geico received a rating of 3/5, which is a score that is considered about average among other providers. When it comes to large insurers offering a satisfying purchasing experience, Geico is ranked number one. Nationwide and State Farm rank second and third respectively.
Insurance companies also look at your credit score, the amount of coverage you want, the value of your personal belongings and your chosen deductible. The cost of renters insurance is different for everyone based on their unique circumstances. Whether you rent a room, apartment, or house, OCCSS recommends investing in a renter’s insurance policy.
Under a renters policy, you may apply up to 10% of your personal property coverage to repair or replace improvements made by you or acquired at your expense if damaged by a covered loss. Theaverage cost of renters insuranceis typically cheap, unlike most homeowners insurance policies. A GEICO renters insurance policy can be obtained for as little as $12 per month. That doesn’t mean everyone who signs up will get that rate, however. Those who live in high-crime areas or sections of the country that are prone to flood will have higher rates.
Wherever he is, I hope that Sam from Kansas City who sold me my @GEICO renters insurance in July is having the best day ever.
— Your HighBMIness 👑 (@inbetweenqueen_) November 30, 2020
Event Liability Insurance can protect you in case there is a claim for bodily injury or property damage at your event. Without this insurance this claim could otherwise cause you or your business a huge financial hardship. Event Liability Insurance is most often purchased to meet the requirements in the rental agreement of the venue.
- He filed a claim with Progressive, the car’s insurer, for medical expenses.
- Homeowners, renters, condo, flood, identity theft and term life coverage are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc.
- Additionally, you won’t lose coverage if you decide to rent your RV during times that it’s not in use.
- Plus, when you bundle your homeowners and car insurance you could save even more!
We may also share data with other companies that provide marketing services on our behalf or as part of a joint marketing agreement for products offered by us. We will not share your personal data with others for their own marketing purposes. This notice applies to you if you are a California resident and are contacting us to learn about our products, to buy insurance for yourself , or if you are filing a claim against a policy. In this notice, we explain how we gather, use, share, and protect your data. The University of Washington Alumni Association has partnered with GEICO to save you even more on car insurance with a special Alumni Association discount.
Lemonade is an app-based company that specializes in homeowners and rental insurance, primarily targeted at young renters and urban-dwellers. GEICO has also committed to offering maximum flexibility to policyholders the general insurance quote who need special payment options and adjusting policies for customers driving less because of stay-at-home directives. Agent—A person who is paid by an insurance company to sell their insurance.
A driver can purchase a standard policy for basic protection or buy a liability insurance or full coverage plan that provides additional coverage. Make sure you understand what each plan covers, so you know you’re getting everything you need. Power, AM Best and the National Association of Insurance Commissioners , rank carriers to help determine the country’s best car insurance companies. GEICO auto insurance ranks average in most categories but high in financial strength.
Again, we recommend carefully researching your provider before finalizing your purchase. Navy Federal does not provide, and is not responsible for, the product, service, overall website content, security, or privacy policies on any external third-party sites. The Navy Federal Credit Union privacy and security policies do not apply to the linked site.
However, most policies cover the property itself, personal injury to tenants or their guests deemed the landlord’s fault, and personal property to a small degree. While USAA provides rental property insurance to landlords who qualify for membership, very few details about their coverage are publicly available. We were able to confirm that landlords can insure up to 10 rentals with a single policy and get coverage for both the property itself, lost rental income for covered events, and personal liability. Landlords can also get custom home-sharing coverage if they only want to rent out a part of their primary residence.
Some insurance companies might only provide this insurance through the purchase of additional coverage. Your landlord has insurance for damage to the building and protection for lawsuits filed against the landlord but that insurance does not cover renters. If you purchase an auto insurance policy with Geico, you can protect your vehicle best auto insurance companies with collision and comprehensive coverage. Collision coverage typically pays for damage to your vehicle when you hit another vehicle or object, or vice versa. A. You can buy a CEA earthquake insurance policy through one of ourparticipating residential insurance companies. Learn more about how to buy a CEA earthquake insurance policy.
You see, the fine print on GEICO’s website mentions something about homeowners coverage actually being written through non-affiliated insurance companies, such as those listed above. That means GEICO claims for homeowners are also handled by someone else. You can add your roommate to your policy so you can share coverage for liability and personal belongings. Add your roommates to your policy so they’re covered for liability and damage to their personal belongings up to the policy limits. While it’s not recommended, sharing a renters insurance policy with your roommate is possible. Before you do so, make sure you’re on good terms and have an honest conversation regarding expectations.
Host Liquor liability is often included in Event Liability Insurance should damage or injury be as a result of alcohol at the event. If you are using someone else’s space to hold a meeting, throw a party or host a wedding ceremony, then yes, you need Event General Liability insurance. Most venues require the coverage to protect you and them from claims of injury to attendees or damage to the venue. Often we are asked why the venue requires their renters to get Event Liability Insurance when the venue should have their own insurance. The venue’s insurance is not going to cover the renter if they are responsible for the injury or damage.
When you have been in an auto accident you may have a lot of questions about the process, especially if you have never rented a car before. If you don’t find answers on our pages, see questions others have on renting after an accident. No early return fees and our rates are valid until your vehicle is repaired.
Disney offers various discounts for those employed in service industries or military occupations. The registered nurse discount is automatically applied when you go through the quote process via telephone or online. But you can also save on a range of services and goods throughout the rest of the year just by flashing your nurse discount at stores. 1 Tell us about your event Enter your contact info, venue location & basic details about your event.2 Review & Purchase Policy All major credit cards are accepted.3 Download documents You’re done! Also, keep in mind that credit-based insurance scores typically can’t be used as the sole reason for denying a policy or hiking your insurance premiums. However, having good credit could potentially improve your chances of scoring a lower rate in most states.
Get a renters insurance quote today and we’ll show you how easy and affordable it is to protect what you care about. Geico offers insurance products in all 50 states plus the District of Columbia. Policy options include vehicle, property, business, umbrella and many more. The insurer’s bread and butter, however, is its auto insurance coverage, which has a market share in the U.S. that’s second only access insurance to State Farm. Renter’s insurance provides you, the tenant, coverage for loss or damages to property, etc. if there is an incident in your apartment or on the apartment property that leads to this damage. Many tenants believe their personal belongings are insured under their landlord’s policy and any injuries sustained in their rental unit will be the responsibility of the building’s owner.
Note that while these reviews refer to Geico in general, they might also apply to renters insurance too. Power’s study in recent years reinforces the fact that Geico probably doesn’t provide the same level of quality, price and service other insurance companies do in the renters insurance category. Geico is well known for offering a wide range of insurance options at an affordable price. But compared to other providers, Geico’s renters insurance policies are average. We are an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which TheSimpleDollar.com receives compensation.
Get a free quote from Roamly in less than 60 seconds and be on your way to having cheaper RV insurance that’s right for you. Roamly was created specifically for RV owners, so you get great coverage tailored to your specific needs. Additionally, you won’t lose coverage if you decide to rent your RV during times that it’s not in use.
Dig out your homeowner’s insurance policy and read it carefully. You will likely see the name “GEICO General Insurance Agency” or something similar on the top or bottom of the page in large letters and a different company’s name in smaller font somewhere else. Yes, your renters policy includes coverage for furniture you rent while living in your apartment or rental home.
But renters should keep in mind that rental insurance policies are managed by partner companies, not GEICO. Sometimes this means that the customer service quality takes a hit, depending on which company your policy is managed by. Geico offers up to a 25% discount when you bundle your renters insurance with other insurance products like auto insurance or life insurance. You can also get a discount for having certain safety features already in your home, like a security system or smoke detector. Protect your home and belongings with affordable property insurance from GEICO.
Military images used for representational purposes only; do not imply government endorsement. Optimize Your Security Learn what we’re doing—and what you can do—to ensure your accounts are safe and secure. Send Money Easily with Zelle® It’s easy, fast and secure to send and receive money with your friends and family using Zelle. Direct Deposit Send funds directly to your account to ensure seamless deposits while you’re deployed or traveling.
Make the most of your apartment space with these handy tips designed to maximize space, improve storage and aesthetically organize your belongings. Check the state requirements for vehicle registration and driver’s license, and make a trip to the DMV. Every state has a different window for when you need to make these transfers, so put this high up on your list. Also be sure to check the DMV website to see what steps can be completed online.
That being said, common coverages include personal liability, personal property, loss of use, and medical payments. Renters insurance protects the apartment, condo, or home you’re renting and your personal belongings from unexpected events like fire and theft. Geico is one of the best renters insurance companies in the industry, providing coverage for personal property, liability, loss of use, and medical payments to others.
Been with the GEICO since 1995 and renters insurance since 2018. To make a payment you’ll need to contact the GEICO Insurance Agency partner that your policy is with. Once you have that, you can find all of our partners’ contact information on the partner policyholder page. Vandalism damage or if items you own are stolen from the property. You’ve worked hard to buy your home and the things you own, so make sure they’re protected. Get affordable mobile home coverage with a personalized policy.
This report covers the recent COVID-19 incidence and its impact on Renters Insurance Market. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Renters Insurance Market. The study highlights how competition will change dynamics in the coming years and why players are preparing themselves to stay ahead of the curve.
It also covers a tenant’s liability in the event that a visitor is injured on the premises. If the injured person chooses to file a law suit against you, your renters liability insurance would pay for your legal defense, up to the limits set on your policy. If you do not have renters insurance, these costs would be your responsibility to pay out of pocket. Property Claims Satisfaction Study, USAA took the top spot, with a score of 904/1,000.
Because price is affected by things like your age, gender, accident history, and the type of car you drive, the best way to estimate your monthly payment is to get a free quote. Unless you’re in the military or have a family member with USAA, we think Geico provides some of the cheapest car insurance policies around. The average annual premium with Geico for experienced drivers with clean driving records is around $1,470, according to our cost research. Need insurance for your motorcycle, RV, boat, house or rental unit? GEICO can help you find great coverage at an affordable rate.
CEA offers earthquake policies, for homeowners, mobilehome owners, condo unit owners and renters. You cannot buy earthquake insurance directly from CEA you buy it directly from insurance companies that are members of CEA. That way, you can quickly review the coverages — to verify they’re all the same — and the associated premiums. Plus, you can stash any other notes and additional information in that same folder. For example, you should extend your research beyond the cost of premiums and look into insurers’ track records on customer service and claims processing. Most renters insurance policies do not cover damage caused by floods.
A property manager’s protection strategy covers the structure, yet not your own things. On the off chance that you lease a loft, condominium, house, and so on, you need leaseholders protection. You can get leaseholder protection quotes online and you can find out how simple and moderate it is to protect what you care about. Renters insurance basically protects your valuables inside the home, even your car depending on the provider you go with.
Auto Insurance Satisfaction StudySM, Geico came in first place in the North Central and Northwest regions for customer satisfaction. GEICO allows policyholders to file a claim online through its website. Those who are more comfortable with the mobile app can also submit a claim there. Another option is to call the customer service number of the company. To keep track of the status of the claim, check the Claims Express section online or through the mobile app.
The amount you agree to be deducted in the case your insurance provider will pay out will also determine how much your coverage will cost. So, if you’re in the market for renters insurance, the best option is to talk with an actual representative who can let you know what you need and how much. “Your GEICO policy will cover a rental vehicle if you have rental reimbursement coverage. This is an optional type of coverage that helps pay for a rental car while your vehicle is being fixed under a covered claim. The most effective way to get an accurate quote on renters insurance is by using a site that will compile a list of local providers and their rates.
Initially started in 1936, Geico was created to provide auto insurance for federal employees and military members at reduced rates. It has since expanded, however, and now offers its customers coverage for a variety of vehicles, including ATVs, motorcycles, boats, and RVs. However, we found that Geico offers more add-on policies than USAA. Geico customers can supplement their renters insurance policy with incidental business liability coverage, business merchandise coverage, replacement cost coverage and a few others. GEICO is one of the most popular insurance carriers in the United States.
Whether it’s reading, teaching, walking, volunteering, or fundraising, GEICO associates help support schools and disaster relief efforts, as well as national and local charities. Insures your home against water damage, which is crucial if you live in a flood-prone area.GEICO offers flood insurance in compliance with the National Flood Insurance Program . Get discounts on premiums rate bundling different GEICO insurance policies. Part of the way GEICO allows customization of insurance policies is through optional features.
As a part of Berkshire Hathaway, Geico wrote over $34 billion in premiums in 2019 according to the National Association of Insurance Commissioners. Any way you look at it, moving insurance can provide some protection during an extremely stressful time. To learn more about protecting your next move, visit the Federal Motor Carrier Safety Administration’s The Household Goods Program.
FraudFraud Division OverviewThe Fraud Division investigates suspected fraud committed by consumers or organized criminal elements perpetrated against insurance companies. Producer Mailing ListsMailing lists for active individuals, agencies, and insurance companies and order forms. Updating Licensee InfoReport a change of address, email address, add an endorsee to a business entity, and producer licensing background review guidelines. Virtual Viewing RoomThis virtual viewing room allows you to see insurance company rate filings, examination reports, and related information. As long as you have replacement coverage in place, it only takes a phone call to cancel your Geico auto policy. If you’re moving or getting married, get a quote from Geico using your new information.
They employ tried-and-true tactics to persuade you to accept a small portion of what you want to collect from your insurance coverage. Our clients may rest easy knowing that we’re taking care of every part of their case and getting the recompense they deserve. According to research, the insurance business in the United States earns a brilliant trillion dollars in annual premiums. GEICO has received a lot of positive feedback from financial and credit rating agencies. Customers of the carrier, as well as websites that collect consumer feedback, are less enthusiastic.
GEICO Renters Insurance is an insurance carrier based in Chevy Chase, MD. The company was founded in 1936 and offers renters insurance in 50 states . If you have a mortgage on your rental property, your mortgage lender will likely require you to get landlord insurance. Even if your tenants get renter’s insurance, there are still some things that you’ll be liable for. Damage due to things like electrical fires can be a big source of liability for landlords, especially if a tenant gets hurt as a result. Trusted Choice is a national nonprofit insurance agency that was founded in 2001.