The Best Way to Get Renters Insurance Online

Known technically as a HO-4 Homeowners policy, renters insurance is a plan that protects the contents of an apartment, townhouse or condo.  It does not cover the building or property, only the items housed inside.  Renters will want to insure their belongings to protect them in case of a fire, flood or theft.  Renters don’t even need to leave the comfort of their home; they can get renters insurance online.

1. Look at the website for your current auto or life insurance company. See if your company offers renters insurance.  Most companies offer various lines of insurance.  If you do not have a current insurance company, search MerchantCircle for a company that sells renters insurance in your location.


2. Request a quote for renters insurance online.  You will need to fill out a form on the webpage.  This form will ask you for your name, address, phone number, email address, date of birth and age.


3. Continue filling out the form by adding an estimated value of the belongings in your home.  Think about how much it would cost to replace all the items if they were destroyed tomorrow.  The total of these costs will be how much renters insurance you will want to purchase.


4. Choose your deductible.  A higher deductible will result in a lower premium.  A lower deductible will result in a higher premium.  You need to decide what you can afford to spend if you need to file a claim.


5. Consider purchasing additional coverage for certain items.  Many renters with an HO-4 plan will carry additional coverage for loss or theft of wedding rings, computers, jewelry or other expensive items.  These items will not have a deductible and are insured based on value.


6. Submit your information online by clicking the “Submit” button.


7. Watch for a quote to arrive in your email.  You may be asked to provide proof of the value of certain objects that you wish to ensure.  You may have to wait for a representative to contact you.  Most of the work can be done online; however, some situations require a representative to complete the policy.


8. Purchase the policy if you are satisfied with the quote.  You will need to pay your premium.  This can also be completed online.