eRenterPlan Renters Insurance Review (2024)

Finding cheap car insurance and renters insurance can be challenging. If you are considering eRenterPlan insurance, it might be a good fit for you if you prefer to get things done online instead of going through an agent, or if you favor low rates over reputation. However, if you would feel more comfortable going with a renters insurance company that has several great ratings and online reviews to read through, there are several other great options out there that are just waiting to be discovered.

What You Should Know About eRenters Plan

eRenterPlan is certainly not one of the nation’s top insurance providers or one of the most well-known insurance companies. But it does offer some of the most competitive rates in the market. This is partly due to the fact that its insurance plans are provided by LeasingDesk Insurance Services.

LeasingDesk Insurance Services, also known as LeasingDesk, is a licensed insurance agency that holds various non-resident insurance agency licenses and offers renters insurance policies in all 50 states. The actual policies are written by other companies.

Some important things about eRenterPlan insurance that you should take note of are:

• eRenterPlan insurance options are flexible. The company offers a variety of flexible payment options that enable its policyholders to pay either monthly or annually. In addition, eRenterPlan insurance will allow you to add up to 4 additional residents to the policy for free. Lastly, the company allows its policyholders to cancel at any time.
• There are no company ratings. Since eRenterPlan uses LeasingDesk Insurance Services, there are no company ratings to boost the company’s reputation. If you are on the hunt for renters insurance and you are currently researching the company to make an informed decision, this could negatively impact your decision.
• eRenterPlan shares your data with other companies. In order to provide eRenterPlan renters insurance, the company has several partnerships and affiliated companies it works with. This means your personal information, such as your name, address, banking information, and IP address may also be distributed to these businesses. According to a consumer privacy survey conducted by Cisco, one-third of consumers are privacy actives who have stopped doing business with organizations over Data Privacy concerns. This may intimidate potential eRenterPlan insurance policyholders from taking things a step further.
• eRenterPlan insurance has unfavorable reviews online. Another strike against the company’s online reputation is its unfavorable reviews. Many of eRenterPlan policyholders are turning to popular review sites to complain about some of the same things, difficulty canceling renters insurance plans, and inattentive customer service agents.

Of course, what matters to you when you choose an insurance company will vary, and some or all of these factors above may not matter to you.

eRenters Plan Insurance Coverage Options

According to PEW Research Center, America has more renters than it has seen in over 50 years. Such a large amount of renters could mean a greater demand for renters insurance coverage in the future.

With eRenterPlan insurance, you can get a competitive rate on your renters insurance (which you may also hear referred to as HO4, regarding home insurance types) that works with your budget, benefits that suit your lifestyle, and so much more.

Some of the coverage eRenterPlan renters insurance includes are:

• Personal liability – This coverage applies if you are found liable for injuries or damage to someone else.
• Personal property coverage – This coverage applies in the event that your personal items have been stolen, lost, or damaged, and no proof of forced entry is required to file a claim.
• Water damage coverage – This coverage applies in the event that your property becomes damaged as a result of a water-related incident.
• Pet damage – This coverage applies in the event that your pet does damage to your home and there are no breed restrictions. (You can also check with eRenterPlan regarding exotic pet ownership.)

One of the greatest advantages to choosing eRenterPlan renters insurance is that no rate increases will ever occur after a claim has been filed. If you need to file a claim for whatever reason, you can rest assured that if you choose eRenterPlan renters insurance, the cost of your renters insurance will not increase as a result.

Another advantage that its policyholders love is the way eRenterPlan renters insurance handles personal property coverage. Unlike other renters insurance companies that use depreciated value, eRenterPlan insurance provides replacement cost coverage for your items.

eRenters Plan Insurance Rates Breakdown

Fortunately, renters insurance is much more affordable than home insurance. (For other advantages to renting, see our article Renting vs. Buying: Is it better to rent or to own a home?)

How much does eRenterPlan renters insurance cost?

Your landlord may not currently require you to have renters insurance, but they can. According to Rental Housing Journal, only 41% of renters have renters insurance. Individuals who have yet to invest in renters insurance may not have a choice for long.

Many landlords are making it a requirement. If you’re a landlord mulling Airbnb vs long-term rental and leaning toward the latter, partnering with LeasingDesk for eRenterPlan could make renters insurance convenient for your tenants to acquire.

Average Cost of Renters Insurance Per Month

While the average eRenterPlan renters insurance coverage can run you about $15-$20 per month, the price you pay may vary based on the type of coverage you choose. There are several renters insurance plans available, and the best way to determine which one would be the most cost-effective is to compare your options.

If you are a property investor mulling Airbnb vs long-term rental, one advantage of a long-term rental is tenants getting rental insurance. eRenterPlan renters insurance could be an option

How does eRenterPlan billing work?

If you are considering eRenterPlan renters insurance, it’s important for you to understand how the eRenterPlan’s billing process works. That way you can determine if it will be a good fit for you and if you can meet the billing deadlines.

Upon signing up, eRenterPlan policyholders will receive monthly reoccurring payments that will begin automatically. Two important things to note about this process are that eRenterPlan policyholders will not receive a bill in the mail before receiving the first charge, and they will typically be billed one month in advance.

That means, if you cancel the month prior, you will not be charged automatically for a new month. Another important procedure to note about eRenterPlan renters insurance is that your billing date will always be two weeks before the next coverage date.

The eRenterPlan’s online platform also makes it convenient to make changes, such as insurance updates after marriage.

How can I cancel eRenterPlan insurance?

Canceling eRenterPlan insurance is a simple process. There are two simple ways for eRenterPlan insurance policyholders to cancel their renters insurance:

1. Call the eRenterPlan insurance phone number at (888) 512- 4204 to speak with a representative and let them know that you would like to cancel.

2. Use your eRenterPlan insurance login to cancel your eRenterPlan policy online.

eRenterPlan cancellations are quick and easy. However, your plan will not officially be canceled until an agent has responded to your request to cancel. Another important thing to remember about eRenterPlan insurance is that it will not cancel unless you initiate a cancellation, except in the event of non-payment.

The only way policyholders can ensure that their policy has been fully canceled is through their eRenterPlan insurance login or by speaking with an agent for confirmation.

eRenters Plan Discounts Available

Renters insurance with eRenter Plan doesn’t feature traditional insurance company discounts. Still, you can save money by paying an annual premium upfront, by sharing costs with roommates since there is no charge for adding up to four or increasing your deductible.

How eRenters Plan Ranks Among Providers

eRenterPlan operates in a competitive market within the renters insurance industry, facing competition from several notable competitors. Some of the main competitors of eRenterPlan include:

• Allstate: Allstate is another prominent insurance company offering renters insurance to protect personal belongings and liability needs. With a focus on personalized coverage options and exceptional customer service, Allstate competes with eRenterPlan by providing renters with reliable and comprehensive insurance solutions.
• Geico: Geico, part of Berkshire Hathaway, is a major player in the insurance industry offering renters insurance among its other products. With competitive rates and discounts, Geico competes with eRenterPlan by providing renters with affordable insurance options backed by a trusted brand.
• Lemonade: Lemonade is a digital insurance company that offers renters insurance with a focus on simplicity and transparency. With an easy-to-use online platform and AI-powered claims processing, Lemonade competes with eRenterPlan by providing renters with affordable and hassle-free insurance options. Learn more about Lemonade renters insurance.
• Progressive: Progressive, known for its auto insurance offerings, also provides renters insurance to protect renters’ personal property and liability needs. With competitive rates and bundling options, Progressive competes with eRenterPlan by offering renters a convenient way to bundle multiple insurance policies for added savings and convenience.
• State Farm: State Farm is a well-established insurance company known for its wide range of insurance products, including renters insurance. With a strong presence across the United States and a reputation for excellent customer service, State Farm renters insurance competes with eRenterPlan by offering comprehensive coverage and personalized insurance solutions to renters.

These competitors, along with other regional and national insurance providers, contribute to a competitive marketplace where eRenterPlan must continuously innovate and differentiate its offerings to attract and retain renters seeking reliable insurance coverage for their rental properties.