Coverage Limits
Policyholders have restricted leeway when altering their coverage limits.
ePremium units most of the options, equivalent to deductibles, earlier than providing renters insurance coverage to tenants.
Private property safety ranges from $10,000 to $75,000, and private legal responsibility is nearly completely $100,000.
ePremium contains most of the normal perils related to renters insurance coverage.
Policyholders can file a declare for loss or injury associated to fireplace, water injury, wind, or private harm.
One of many distinctive provides is pest injury remediation, which property managers will both embrace within the base coverage or function as an add-on.
Endorsements, equivalent to identification theft and water injury, prime out at $5,000 per declare.
Earthquake insurance coverage additionally has a $5,000 restrict however is barely accessible in California and requires a $750 deductible.
ePremium treats bedbugs and pet injury with reimbursements starting from $500 to $1,000.
Coverage Costs
ePremium renters insurance coverage constantly ranks as one of the vital costly choices in the marketplace.
Tenants ought to anticipate to pay $185 to $322 for $10,000 and $50,000 value of protection, respectively. Most competing insurance coverage suppliers supply comparable choices for 30% much less.
Lemonade and State Farm are two of the preferred renters insurance coverage manufacturers.
Lemonade policyholders pay $60 and $159 for a similar protection.
State Farm provides barely extra protection, so coverage costs are $130 and $226.
Deductibles
ePremium works with property managers to find out premiums earlier than tenants take out insurance policies.
One house might have a $400 deductible for widespread perils whereas one other house has a $500 deductible
The variations in premiums are expensive for some policyholders, who might pay extra upfront for a declare.
Particular Reductions
ePremium doesn’t supply reductions to customers.
The corporate solely sells renters insurance coverage, so there isn’t a technique to bundle insurance policies for a decrease charge.
ePremium additionally doesn’t incentivize including security options, equivalent to carbon monoxide detectors or safety alarms, that cut back the possibilities of a declare.
Safety Deposits
ePremium provides an eDeposit, so that you pay much less upfront to your lease.
You pay ePremium a one-time price while you conform to buy renter insurance coverage.
ePremium pays the safety deposit for you, which leads to much less paperwork and fewer bills.