Savvy savers in the Windy City know that to get the best insurance rates, you need to shop around.
If some time has passed since you last looked at policies for renters insurance, Chicago residents can find significant savings and comprehensive coverage by getting a few quotes.
In a rush? We found that Lemonade Insurance is the best overall company for Chicago renters.
Read over our reviews below to see how we came to this decision.
Best For Discounts
Progressive is best for discounts and they have A+ ratings from both BBB and A.M. Best and is our third pick.
Click below to get an accurate quote.
Best For Educational Sources
QuoteWizard is an insurance marketplace that helps you compare quotes across several companies.
Click below to get an accurate quote.
Is Renter's Insurance Required in Chicago?
While renters insurance is not a requirement in Chicago, your landlord or homeowner's association may require it.
That said, it is smart to have coverage in case the unexpected happens.
Does Chicago Renters Insurance Cover Floods?
No, renters insurance does not cover flood damage.
A policy will cover water damage from a burst pipe or a leaky roof; however, flood damage would require a separate policy.
THE SIMPLY INSURANCE WAY
Renters Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. But, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid excessive sales calls.
Coverage in minutes.
You can get renters insurance coverage within minutes of getting your quotes and applying.
What Does Chicago Renters Insurance Cover In 2020?
Renters insurance covers damage, theft, or destruction of your personal property, as well as the accidental injury of your guests.
Don’t know what that means? Let’s review it.
Personal Property
This part of your policy covers the damage or destruction of your possessions. It also covers theft.
You choose the value of your coverage when you purchase your policy.
Personal Liability
If a guest receives an injury while visiting you, this part of your plan will cover any resulting lawsuits. It may also include the cost of their medical expenses.
This part of your policy also covers accidental damage to your guest's possessions while in your home.
Loss of Use
Loss of use kicks in if you are unable to live in your home or use your possessions due to a covered incident.
This part of your policy can cover hotel costs and related expenses.
How Much Does Renter's Insurance Cost in Chicago for 2020?
Depending on your location and the liability limits you choose, renters insurance can cost as little as $5 a month up to over $30 per month.
Will Renter's Insurance Cover My Roommate?
No. Your renter's insurance policy only covers the people specifically named on the policy and their guests.
Your roommate should purchase their own policy.
How Do I apply for Chicago renters insurance?
To buy Chicago renters insurance you should follow the below steps.
View Your Instant Quote
First, you want to click here or any of the above buttons to start the quote process, you won't need any personal information other than the address to get your quotes fast. Once you have your quotes and pick the coverage option that works best for you, it's time to get covered.
Get Your Personal Information Together
You will need your name, address, and Social Security number. The online forms guide you through several questions to learn more about the rental you will be living in and what coverage you need.
Start Your Online Application
Once you have all of your personal information together, your next step will be to start the application. This will be easy by just following the prompts after you complete your quote.
Know The Safety Features Of Your Rental
The application might ask about smoke detectors, sprinkler systems, and deadbolts. The best renters insurance will offer discounts for those features.
Sometimes, the intake form may also ask if you have pets, especially certain dog breeds. Overall the process can take less than five minutes.
Answer Your Questions Honestly
Be sure to answer every question, truthfully. If you do not, and something happens, the company may deny your claim. Even if they do not deny your claim, you still may be committing fraud.
Add Any Additional Interest
Some landlords may require you to add them as an additional interest; this will let them know if the policy has lapsed or when you have renewed your policy. Most companies can add this during the application process or immediately afterward.
Print Your Proof Of Insurance
Once your policy has been approved and paid for, simply print out your proof of insurance, and you're covered.
RENTERS INSURANCE WHERE YOU LIVE
Renters insurance by state.
As a home renter, there are insurance policies available for you.
With quality Renters Insurance, you can protect your home and everything inside it. For more information, click on your state.
Take Action
We know which companies offer the best renters insurance for Chicago and for that reason we chose Lemonade as our winner.
They simplify the process while providing excellent pricing.
Don't waste any time thinking about this, if you need renters insurance, we’ve done the hard work for you get your free renters insurance quote today.
