ePremium Renters Insurance Review [2024]
ePremium is an agency that partners with many rental companies to offer renters insurance for residents. ePremium renters insurance rates are competitive, and its policies cover basic renters insurance needs.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- ePremium renters insurance partners with rental companies to provide cheap renters insurance
- ePremium renters insurance is a convenient option for inexpensive, basic renters insurance
- You are likely to find better deals on renters insurance by seeking an independent company
If you have encountered ePremium renters insurance, then it is likely that your rental company has partnered with this insurance provider. ePremium renters insurance is an inexpensive and very basic renters insurance option. This company’s rates are very competitive, but coverage options are lacking.
Shopping for insurance can be a hassle, but renters insurance is an important necessity for protecting your belongings. If you are seeking suitable renters insurance for your situation, then ePremium might not be the best option. To find affordable renters insurance with comprehensive coverage, you should compare quotes from at least a handful of insurance companies.
What is ePremium renters insurance?
ePremium is not a renters insurance company, but rather an agency. When you purchase a policy through ePremium renters insurance, you are actually buying renters insurance underwritten by another company. ePremium sells insurance policies underwritten by companies such as Kemper and Century-National.
This insurance agency partners with many rental properties throughout the United States. For rental properties that require residents to hold renters insurance, they may offer ePremium renters insurance as a convenient option. There are benefits to securing your renters insurance policy through ePremium, but sometimes the cons outweigh the pros.
If you are presented with the option to purchase your renters insurance policy through ePremium, you should first compare quotes. With a slight amount of research, you are likely to find a more comprehensive renters insurance policy at a comparable price point.
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Where is ePremium renters insurance available?
ePremium renters insurance is available through rental companies nationwide. This insurance agency currently operates in Washington D.C. and in 49 U.S. states, excluding Alaska. You will only be able to purchase ePremium renters insurance if you partner with your rental company.
Many rental companies currently partner with agencies similar to ePremium to provide a convenient option for renters insurance. Usually, you can opt into this renters insurance coverage when you sign your lease. Your renters insurance rates can be paid up front for the year, or you can pay the monthly rates alongside your rent.
If you are shopping for renters insurance through ePremium’s website, you will need to enter your address. If there are no results for your residence, it indicates that your rental company does not partner with ePremium insurance. In that case, you will be unable to purchase a policy through this company. Instead, you should explore renters insurance options from other popular insurance companies.
Is ePremium renters insurance a good option?
There are both benefits and significant drawbacks to purchasing a policy through ePremium. While this renters insurance option is very convenient, the coverage is limited. Let’s explore the most notable pros and cons for choosing an ePremium renters insurance policy.
ePremium Renters Insurance Pros
Convenience. It is very easy to purchase a policy through ePremium renters insurance. If your rental property partners with this agency, all you need to do is follow the link to their website. On the ePremium website, you simply input your address and select your deductible and personal liability. Typically, your leasing office can bundle your payments in your monthly rent if you prefer this payment method.
Affordability. ePremium offers competitively-priced renters insurance plans. ePremium policies range from $11 – $22 per month, which is standard for renters insurance. Policies purchased through ePremium are very basic, but they will meet the minimum requirements for renters insurance at your residence.
Accessibility. Arguably, the most significant benefit of purchasing a policy through ePremium is the approval process. ePremium renters insurance approves all applicants regardless of their credit rating. This lack of a credit check is great for individuals with a checkered credit history. Generally, people with lower credit scores pay higher rates on renters insurance. ePremium rates are fixed and do not increase as a result of poor credit.
ePremium Renters Insurance Cons
No customization. ePremium renters insurance policies are very basic. There are very few options for customization or add-ons. Furthermore, not everyone can choose their own deductible. Some properties set different deductibles for various claim types ranging from $200 – $1,000. Your coverage is limited by the terms that your rental company establishes.
No discounts. ePremium renters insurance policy prices are competitive, but no discounts are available. You will pay the quoted rates for your property, no matter what discounts you would qualify for from other renters insurance providers.
Availability. ePremium renters insurance is only available through select rental properties. If your rental company does not partner with ePremium, then you will not be able to purchase a plan through this agency.
In most cases, you are better off comparing quotes on your own. If you purchase renters insurance from a leading insurance company, you will receive comparable rates with more extensive coverage.
What are ePremium’s renters insurance reviews and ratings?
The customer reviews for ePremium renters insurance are consistent with the national average. Because ePremium is an agency instead of a direct renters insurance provider, reviews and ratings will vary based on the underwriter for individual policies.
ePremium renters insurance works with Millenial Specialty Insurance (MSI), which writes their policies. Millennial Specialty Insurance then, in turn, works with underwriters to provide the actual renters insurance coverage.
The National Association of Insurance Commissioners reports a complaint index for ePremium renters insurance underwriters ranging from 0.0 – 1.34. The average complaint index for insurance companies is 1.0, which places ePremium slightly above or below average. A complaint index score above one indicates that the insurance company receives more negative reviews than their market share would suggest. You should research your policy’s specific underwriter to gauge whether it is well received.
Customers cite fast response times and easy claims handling.
The Better Business Bureau (BBB) provides an A+ rating for ePremium renters insurance. This company has been accredited with the Better Business Bureau since 2015. There are very few customer reviews on the BBB website, but those present are negative.
ePremium’s renters insurance customer service generally has favorable reviews elsewhere online. Customers cite fast response times and easy claims handling. However, there are some negative reviews from customers, so you should do some research. Most negative reviews express difficulty with canceling policies.
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Is ePremium renters insurance right for you?
Like most insurance policies, Renters insurance is something you purchase hoping never to need it. Finding the right renters insurance policy can be a hassle. If your rental property has partnered with ePremium renters insurance, you may be tempted to select a policy through them. This setup is a convenient, affordable option that does not require a credit check.
If you are seeking more comprehensive coverage, then you should shop around. ePremium renters insurance is very limited, and the rental company typically sets their policies. Most major insurance companies offer renters insurance as a bundling option. If you already have car insurance through a leading brand, you might examine their renters insurance policies.
Before you decide on a renters insurance provider, it is important to compare your options. You can acquire the right coverage at an affordable price by shopping around. Compare quotes from a handful of insurance companies to find the best deal for your situation.
Frequently Asked Questions
What does ePremium Renters Insurance cover?
ePremium Renters Insurance provides coverage for a wide range of events and perils. It typically includes protection for your personal property against losses caused by fire, theft, vandalism, water damage, and other covered perils.
How can ePremium Renters Insurance benefit me?
ePremium Renters Insurance offers several benefits to renters. Firstly, it provides financial protection for your personal belongings, ensuring that you can replace or repair them in case of damage or theft. Secondly, it offers liability coverage, which can help protect your assets and cover legal expenses if you are sued for property damage or injuries that occur in your rental unit. Lastly, the policy may include coverage for additional living expenses, ensuring that you have a place to stay and maintain your standard of living if your rental becomes uninhabitable.
Is ePremium Renters Insurance required by law?
While ePremium Renters Insurance is not required by law in most states, many landlords and property management companies may require renters insurance as a condition of the lease agreement. Even if it is not mandatory, having renters insurance is highly recommended to protect your belongings and minimize financial risks in case of unexpected events.
How do I purchase ePremium Renters Insurance?
Purchasing ePremium Renters Insurance is a simple process. You can typically obtain a quote and purchase a policy online through their website or by calling their customer service. You will need to provide information about your rental property and the value of your personal belongings to determine the appropriate coverage amount.
Can I customize my ePremium Renters Insurance policy?
Yes, ePremium Renters Insurance policies often offer some level of customization. While there may be standard coverage options, you can typically choose the coverage limits that suit your needs. You may have the option to add additional coverage endorsements or riders to enhance your policy, such as coverage for high-value items or identity theft protection. It’s important to discuss your specific needs with an ePremium representative to tailor the policy to your requirements.
Can I cancel my ePremium Renters Insurance policy?
Yes, you can generally cancel your ePremium Renters Insurance policy if needed. The cancellation process and any associated fees or refunds may vary, so it’s important to review the policy terms and conditions or contact ePremium’s customer service for detailed information. Keep in mind that maintaining continuous coverage is advisable to protect your interests and meet any lease requirements.
Compare Insurance Providers Rates to Save Up to 75%
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.