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Last updatedMarch 2024

Best Renters Insurance Virginia 2024

Cover your space & everything in it

Enjoy peace of mind knowing your belongings are covered. Compare top providers and choose the best renters insurance for your every need.

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1
Our Top Pick
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9.3
BestMoneyscore
Popularity
Based on visits in the past 7 days
10.0
Brand Reputation
Based on web trends
9.1
Features & Benefits
Based on our editorial reviews
8.0

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Our Top Choice
Customizable renters insurance
Flexible plans
Worldwide coverage
A Farmers Insurance company

943 peoplevisited this site today

VIEW RATES
Read Review
2
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8.8
BestMoneyscore
Popularity
Based on visits in the past 7 days
9.0
Brand Reputation
Based on web trends
9.3
Features & Benefits
Based on our editorial reviews
8.0

QuoteWizard

Compare options to find the lowest rates
Comprehensive online resources
40 million people have used QuoteWizard
A LendingTree network company
Read Review
3
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7.9
BestMoneyscore
Popularity
Based on visits in the past 7 days
7.5
Brand Reputation
Based on web trends
8.7
Features & Benefits
Based on our editorial reviews
8.0

National Home Quotes

Helping Americans find affordable home insurance
Get the lowest rate
Quick process and fast quotes
Connect with trusted insurance professionals
Read Review

3,069 visitors

connected with insurers in the past week

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BestMoney Total Score
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BestMoney measures user engagement based on the number of clicks each listed brand received in the past 7 days. The number of clicks to each brand will be measured against other brands listed in the same query. Therefore, the higher the share of clicks a brand receives in any specific query, the higher the Click Trend Score. BestMoney accepts advertising compensation from companies, which impacts their (and/or their products’) position, and in some cases, may also affect their Click Trend Score.
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Our Top Choice for Renters Insurance March 2024

Most Popular On BestMoney
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9.3
BestMoneyscore
Popularity
Based on visits in the past 7 days
10.0
Brand Reputation
Based on web trends
9.1
Features & Benefits
Based on our editorial reviews
8.0

Toggle

Our Top Choice
Customizable renters insurance
Flexible plans
Worldwide coverage
A Farmers Insurance company

943 peoplevisited this site today

VIEW RATES
Read Review
Your littlest roommate needs coverage, too!
Take out a pet health insurance policy to cover your vet bills
Most Popular on BestMoney
lemonade logo image
9.8
BestMoneyscore
Popularity
Based on visits in the past 7 days
10.0
Brand Reputation
Based on web trends
9.7
Features & Benefits
Based on our editorial reviews
9.6

Lemonade

Our Top Choice
Customized pet coverage to meet your specific needs
Multi-policy discount
Plans starting at $10/mo.
Easy access through mobile app
Multi-policy discounts available
Super fast claims payout: get paid in minutes
VISIT SITE
spot-pet-insurance logo image
9.2
BestMoneyscore
Popularity
Based on visits in the past 7 days
9.0
Brand Reputation
Based on web trends
9.1
Features & Benefits
Based on our editorial reviews
9.6

Spot Pet Insurance

Customizable coverage for puppies and kittens
Up to 90% reimbursement
VetAccess™ 24/7 vet helpline
Save 10% for eligible multiple pets
Optional accident-only and wellness plans
855-677-8978
aspca-pet-health-insurance logo image
8.8
BestMoneyscore
Popularity
Based on visits in the past 7 days
8.8
Brand Reputation
Based on web trends
9.6
Features & Benefits
Based on our editorial reviews
8.0

ASPCA Pet Health Insurance

Choose complete or accident-only coverage
Online member center
10% discount for multiple pets
Customize a plan specifically for your pet

Choosing the Best Renters Insurance Company

If you're one of the vastly growing number of people who are renting property, you would be wise to consider getting renters insurance. Many renters think that their landlord's home insurance covers their possessions, and only find out the truth when it's too late. Some landlords also require you to get renters insurance as part of your contract.

If your home is burgled, or there’s a fire or natural disaster that destroys or damages your things, you want to know that the best and most reliable renters insurance has got your back.

Here are a few points to look for when choosing the best home insurance company for renters:

  • How much do premiums cost, and what is the size of the deductible?
  • What is the maximum claim amount? Check that you can claim enough to cover the cost of replacing or fixing your possessions if anything should happen.
  • Does the insurance company respond quickly when you make a claim and process the details speedily? You don't want to spend months hanging around waiting for your claim to go through to be reimbursed.
  • Is the insurance company supported by reliable underwriters who are not likely to go bankrupt?
  • If there are specific add-ons that you need, check that your company offers them.

Types of Renters Insurance Policies

There are almost as many different kinds of renters insurance policies in the US as there are for homeowners insurance. The most common type of renters insurance policy is called HO-4. It's designed to cover damage caused by something known in the insurance industry as the "16 perils." Each "peril" is an incident that can cause damage to your possessions and is covered by your policy. They include:

  • Natural disasters like hail, lightning, volcanic smoke
  • Human-related incidents like theft or vandalism
  • Damage caused by equipment, like a burst mains pipe or fire caused by a short circuit

The Basic Renters Insurance Plans

A basic renters insurance plan covers 3 different types of risk, which are likely to occur during your regular life. The three basic renters insurance plans cover:

  • Personal property plans cover the cost of replacing or repairing your possessions if they get damaged, destroyed, or stolen. For example, if a water pipe were to burst in your bathroom and flood over into your kitchen, ruining your new laptop, personal property coverage will pay to replace the laptop.
  • Liability plans include the cost of fixing someone else's property if you damage it, or paying for someone else's medical bills if they get injured in your home. For example, if your child throws a ball through the window, smashing the glass, liability insurance will pay to fix the window.
  • Living expenses means that if something happens to make your home uninhabitable, your insurance company will pay for you to stay somewhere else. For example, a fire breaks out in your apartment, and you can't live there until the smoke damage has been treated. Your living expenses insurance plan will pay the cost for you to stay in a hotel until you can return to your apartment.

The Add-Ons

Insurance plans don't usually include events that are extremely unlikely, like damage from a tsunami if you live in Idaho. They only cover common perils. If you live in a place that is at risk from uncommon threats, it's wise to buy an add-on policy to cover those situations. Here are some common add-ons for renters insurance:

  • Earthquakes. If you live in an earthquake zone like California, you'll probably want to buy an add-on renters insurance policy to cover your possessions in case of damage due to an earthquake. Look for companies that have experience in dealing with earthquake claims.
  • Floods. Standard renters insurance covers you for damage due to a burst pipe within your home, but not for flood damage from outside your home. If you live in a hurricane zone, for example, you might want to buy a flood damage add-on policy, and a policy for hurricane wind damage as well.
  • Replacement costs. Although your basic renters insurance policy covers the cost of replacing or repairing your possessions, the insurance company might decide to only pay you the actual cash value of your item instead of the replacement value. If your possessions are very old or depreciated, you might not get enough money from the insurance company to be able to replace them. You can choose to upgrade to a replacement cost value plan, which guarantees to replace that item with a new or similar item, no matter how old it is.

How to Save Money on Renters Insurance

Everyone wants to find ways to pay less for their renters insurance. One of the best options is to bundle together more than one insurance plan at the same time. Often, insurance companies will give a discount if you buy both your renters insurance and your car insurance from them, for example.

Another approach is to find ways to make your home more secure. Insurance companies may give you a discount on your premiums if you have a working security system, smoke detectors, burglar alarms, and other measures to minimize the risk of damage to your possessions. If your home doesn’t have any of these security features, it’s worth talking to your landlord to see if they’d agree to install them.

Regulation Information and Underwriting

Renters insurance is like homeowners insurance and other types of insurance, so it’s regulated by state law, not federal law. As a result, each state can have different regulations for renters insurance, so make sure that you know what the requirements are in your state.

Usually, underwriting for renters insurance is broadly similar to that for other types of insurance. The underwriter might consider issues like where your home is located and what natural disasters are likely in your region. They will also look at your history of previous insurance claims, any claims by previous tenants in your home, and sometimes also consider any hazards in your home or building, like the pet you own, a nearby swimming pool, or a trampoline in the garden.