Any coverage is better than no coverage. However, after filing 2 personal claims (both currently open for almost 9 months and have been unnecessary delayed due to limited staff. Low price and and the ability to easily obtain coverage should not be confused with having good coverage. At the end of the day you obtain coverage for peace of mind. There are so many terrible stories with lemonade. I’m an attorney and one of the types of matters I handle is renter’s insurance claim, the firm has almost always had terrible experiences with Lemonade (especially with bigger claims).

Earthquake coverage is always separate 😂

😊 thank you!! I’m glad it is helpful. Welcome to the insurance biz! :0)

@@ThinkInsurance Would you mind clarifying some thing for me, if you don’t mind? I am a disabled person that is renting an apartment in California. The apartment management company forced us to get renters insurance, so I did so through AAA. Not even a full two weeks later, a disaster struck in my apartment! It is Wednesday night right now, and just this last Monday I was woken up in the morning with water dripping on my face from the upstair’s apartment. An old cheap water pipe that was located in that apartment was so decayed that a hole developed in it and it led to a massive water leak that ended up going through his floors, the ceiling, and into my place, causing a MASSIVE disaster zone in my apartment. The worst bit is the fact that the ceiling is the popcorn ceiling kind that has asbestos in it because our complex was built in either the late 60s or very early 70s, and the maintenance guy drilled like a good 20 holes in my ceiling to get all the water out and ventilate it with the dehumidifier machines as much as possible to try to prevent mold. The apartment management told me that I have to use _MY_ renter’s insurance to cover this crap, and would only give me $50 a day in “rent credit“ during the time that they are fixing it. AAA said that my deductible alone is $1500, _AND_ my premium will go up. As I said before, I am disabled, so I don’t have the money to afford this at all because I live on Social Security income alone. The $50/day rent credit is so beyond ludicrous… It costs $110 a night at the cheapest motel near me (Motel 6) as it is (I have been staying at one since Monday night because I don’t have anywhere else to go), not to mention all of the electricity costs that will be coming from running these massive dehumidifier machines in my place, as well as who knows how much of my property has been destroyed in this… I already know that some of my irreplaceable artwork has been destroyed, etc. Shouldn’t it be _THEIR_ insurance that covers all of this, including covering a motel for me to stay in?? If they can’t blame any of this on me at all, then shouldn’t it be considered illegal to force me to use my own insurance policy to pay for all of this? And they also tried to say that my place is livable right now because I have a one bedroom apartment and they said I could stay on my couch in my living room, which is a complete joke. Not only is it nearly 90° in my place because of all the equipment running and I can’t open my windows because of it, but my couch is like 20 years old with all the upholstery worn off of it so it feels like cloth and metal at this point… I never use it anymore. I need an actual bed to be in, because my disability is for a disastrous back surgery that put me out of work and made me bedridden most of my days and nights with 24/7 chronic pain. They offered to move my bed into the living room, but my bed is MASSIVE and huge, and won’t fit in the living room and I’m scared they would destroy it just in taking it apart… Not to mention the fact that it is still unfit to stay in my place with equipment and wires to trip over everywhere, the temperature, the loudness of the equipment, and the asbestos ceiling dust and particles that is literally everywhere in my bedroom and hallway with the equipment fans blowing it around everywhere. Sorry that ended up being so long… But can you tell me if you have an idea what they should be legally responsible for financially in such a situation as mine? I thought I heard you say that they won’t pay for us to live elsewhere, but there’s nowhere else for me to live… I don’t have family to live with, and I haven’t had a social life in eons because of my disability, so I don’t have friends to stay with either… I have to stay in a hotel/motel. And the estimates of how long is going to take also seem shady… They originally said 4-5 days to fix it, and then said 5-7 days, and then a different tenant I am friends with told me that the same thing happened with them and it ended up taking THREE weeks to fix it! That would be a lot of money in a motel 6! I don’t have the money for this and I am currently charging my credit card right now but won’t be able to afford the minimum payments for it when it is time to pay. How much do you think they should be responsible for when none of this is my fault? Sorry for any typos… I am so exhausted from all of this and just don’t feel like proofreading at the moment.

Glad it was helpful!

Same with square one insurance for anyone in Canada. Missed a payment after being with them For 4 years because I lost my wallet and forgot to change my card number. And they literally don’t care they cancel right away.

🤣

Thanks for sharing. Those are great points to know about in Massachusetts

Good points. We just moved from California to Iowa so I will definitely be calling the Attorney General’s office to ask if they have one. Thanks

Good to know so don't invest in rental property in Massachusetts.

Duuuuude, thanks for the USAA reminder! I’ve had a bank account with them for years and literally never do anything with other services they offer. Peace.

I don’t see where insurance would cover that. You can call them to ask but insurance only covers sudden and incidental. The smoke is over time like mold would be. Now, if the manager can’t take the steps to insure your safety/health that might be something they or their insurance would be liable for. It might involve you calling a lawyer, but I can’t honestly say what I would do. I would probably let the manager know that if they tenant below doesn’t stop, you’ll have to hold them responsible. That being said, it’s not worth staying if your health is at risk. You may have to make the choice for your health over your apartment. 😞

@@ThinkInsurance thank u. I cant move right now might have to have surgery on leg again. This landlord is in a contractual agreement w all.her tenants SHE NEEDS TO ENFORCE IT. I talked to.a lawyer and she said almost all managers/ owners are slumlords these days. The people below me are NASTY people and need to be removed.

You’re welcome

That should fall on your landlord

You’re welcome

The great news for you, all policies are an open ended contract. Even if it’s for a year you can cancel it anytime. If you paid ahead of the time you cancel, you’ll get any un-earned premium refunded.

I had the same question. Glad I read the comments!

@@briannar6843 Love comments like yours, RTFM. So condescending. I bet you live on a perch.

They’re a decent company. I wouldn’t shy away from them if they have a good price

Technically the storm is liable 🫣 unless the window’s integrity was compromised from lack of maintenance and the landlord ignore it then, it could fall to them.

I bet the ones that claimed it were glad they had it!

40k almost nothing for insurance company, how much you got money from renters :)

yea, you paid 40K because you denied most claims. 40K is chump change to a company. Be more specific, what was the total claims, what was denied.

Allstate has been a good company overall

Allstate doesn’t cover floods due to weather

Allstate renters insurance burned me when my apartment developed mold. They denied the claim and blamed it on water damage to weasel out of the claim, saying that they don't cover flood. The damage was not caused by flood. Total loss of furniture and belongings. They gladly took my premium payments and I walked away with zero and had to start all over.

@@IggyBea maybe if you checked your things that wouldn’t have happened. Mold doesn’t appear over night

@@jf8188mold can be invisible most times, especially if it’s between the walls. Then tons of moisture will bring it out. So no, “checking” your stuff doesn’t always work.

You’re welcome

You’re welcome

You’re welcome

@@ThinkInsurance Hi, thanks for the info also. I'm in a big high rise in a big city. The building is about 20 years old , mainly expensive but with a potion stabilized. I'm in one of the stabilized apartments and for many years have had no renters insurance. But now in the lease there is a new document seemingly not distinguishing between people who pay full and people who are stabilized. This document begins with saying they want proof provided of $100k insurance prior to move in. However I've been here for years. Then at the end where they want an acknowledgement signature to the effect that your insurance must meet their minimum requirements or it may not cover everything. In the original booklet that came on moving in is said renters insurance "strongly recommended" . But now there's this page in the lease worded such that it assumes I have insurance. So now do I have to get $100K coverage insurance so the landlord will sign the new renewal lease? I signed all the usual documents and asked in an email if they could reword that document so that it says it's optional but they said no, claiming it was standard now for all tenants. My property here is worth maybe under 8K and their deadline for the lease renewal completion is later in the month. If I don't sign that can I be evicted? What do you recommend? thanks

In the United States when you rent an apartment or house etc.. there is insurance to protect your belongings or liability if something happens that you’re liable for. Sometimes the land lord will require you to buy it in order to rent their space. It’s pretty inexpensive ($10-$15/month)

@@ThinkInsurance ohh ok. We have that type thing hwre. But we just call it house insurance

We have house/home insurance but only when you own it. It’s renters insurance if you don’t own. They are coded, Home insurance: H03, Renters insurance: H04.

@@ThinkInsurance oh okay i see

Most companies are decent for renters. Doing $30k+ on your contents isn’t very costly either. Flood is not covered under home or renters but a pipe burst usually is. You can ask them before hand to verify.

They’re ok. They tend to be most competitive with higher risk areas and drivers

You’ll have to read your policy or talk to the agent. Most companies will cover that unless they requires an endorsement. Of its off the property, it’s not uncommon for it to be covered for up to 10% of your personal property limits

It does happen and a lot of companies offer a coverage for this but you’ll want to call and find out if there’s an endorsement your company offers.

It’s cheaper because statistically, the more products a customer has with the same company, the longer they’ll stay with that company. It’s an incentive to bundle it.

@@ThinkInsurance so, in lamer terms, I have to stay 1 year with the company?

You can check anytime and if it’s cheaper for the same or better coverage and they have good claims process then switch away. The best times to switch is 6 months, 3 years and 5 years

How may I help?

Call 911 man.