Live Insurance News

Renters insurance in North Carolina to increase 13.2 percent

November 30, 2012April 30, 2013

Rates for homeowners policies will not be affected by this change. North Carolina’s Commissioner Wayne Goodwin has announced that he is stepping away from his decision for slightly decreasing rates for rental insurance and other types of coverage for properties that are not occupied by their owners, due to a court battle declared by the industry. An out of court settlement has now been reached for the case between the industry and the Insurance Department. A compromise was reached in the settlement that fell between the 2.6 percent decrease in…

Renters insurance customers can risk losing coverage

November 1, 2012October 29, 2012 Julie Campbell

Tenants who sublet their space may not be permitted in their policies. The growing number of people who are leasing apartments and are holding off buying homes has also increased the number of renters insurance policyholders that are risking their coverage by taking actions that are not allowed by the terms of their policies. Subletting is a common activity but is not one that is typically allowed in a policy. According to the statistics collected by a commercial real estate firm, Reis Inc., the average cost of rent in the…

Renters insurance available through a new insurer for Missouri residents

October 22, 2012April 30, 2013

Auto policy customers at Esurance will now be able to add tenants coverage in that state. Missouri auto coverage customers of Esurance are now being offered an add on renters insurance coverage that is designed to provide them with inexpensive protection in addition to further savings on their vehicle policies. Consumers in that state are being offered this add on from the insurer for the first time. According to the estimates that have been made by Esurance, the average cost of the add on renters insurance will be $16 per…

Insurance news for auto and homeowners shows roommates impact coverage

October 20, 2012April 30, 2013

The I.I.I. has released data showing the repercussions of cohabitation. The Insurance Information Institute has released its most recent insurance news, which involves the impact of the growing number of people in the United States who are living together as roommates or unmarried partners. One in eight American households include two or more non-related people. According to the U.S. Census Bureau, the current statistics show that over the decade from the year 2000 to 2010, there has been an increase of 5 percent in this living situation. This suggests that…

Renters insurance now available from Esurance in Illinois

October 15, 2012September 8, 2019 Ben Jones

Coverage premiums in the state will be starting as low as $16 per month. Although Esurance is best known for being an auto policy company that sells directly to the consumer, in Illinois, it is now also offering renters insurance to residents of that state. The policies are available to both existing and new customers of the insurer. This added renters insurance is being sold as an add-on to the auto coverage, which is the main product offered by the insurer. It is not, however, being sold as a standalone…