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Coverage Limits
Policyholders have restricted leeway when altering their coverage limits.
ePremium units most of the options, akin 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 sort of completely $100,000.
ePremium consists of 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 damage.
One of many distinctive presents is pest injury remediation, which property managers will both embrace within the base coverage or function as an add-on.
Endorsements, akin to identification theft and water injury, high out at $5,000 per declare.
Earthquake insurance coverage additionally has a $5,000 restrict however is simply 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 probably the most costly choices available on the market.
Tenants ought to anticipate to pay $185 to $322 for $10,000 and $50,000 price of protection, respectively. Most competing insurance coverage suppliers provide 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 presents 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 residence might have a $400 deductible for widespread perils whereas one other residence 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 provide reductions to customers.
The corporate solely sells renters insurance coverage, so there isn’t a method to bundle insurance policies for a decrease charge.
ePremium additionally doesn’t incentivize including security options, akin to carbon monoxide detectors or safety alarms, that scale back the probabilities of a declare.
Safety Deposits
ePremium presents 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 ends up in much less paperwork and fewer bills.
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