What is ResidentInsure?
ResidentInsure (now known as Homebody) is a service that provides renters insurance, offering coverage for losses related to fire and smoke damage, theft and burglary, among other things. It allows renters to replace their items like computers, furniture, TVs, jewelry, etc., without the significant expense and hassle that typically accompanies such losses. This insurance aims to make difficult situations less stressful by ensuring that renters have a policy in place to protect them from various risks.
ResidentInsure itself isn't an insurance company but rather acts as an insurance agency or broker. Here's a breakdown of its role in real estate:
For residents:
- Convenience: ResidentInsure offers a platform where residents can easily compare quotes and purchase renters insurance from multiple reputable insurance carriers. This can save them time and effort compared to contacting individual insurance companies.
- Streamlined process: They aim to make the insurance purchase process simple and efficient, often allowing residents to obtain coverage in minutes.
- Additional options: In addition to renters insurance, they may offer other products such as pet insurance, identity theft protection, and even homeowners insurance.
For property managers:
- Partnership: ResidentInsure can partner with property managers to offer convenient insurance options to their residents. This can be a valuable service for attracting and retaining tenants.
- Reduced workload: By providing a platform for residents to obtain insurance, ResidentInsure can reduce the workload of property managers who might otherwise be responsible for fielding inquiries and assisting residents with insurance needs.
ResidentInsure helps facilitate the process of acquiring insurance for residents in the rental market, offering them convenience and streamlined options, while potentially benefiting property managers with reduced workload and added value to their tenants.
FAQs
ResidentInsure (now known as Homebody) is a service that provides renters insurance, offering coverage for losses related to fire and smoke damage, theft and burglary, among other things.
How do I cancel resident insure? ›
If a cancellation notice is not received prior to a new billing cycle, you will not be refunded any amounts already debited from your account. To terminate these Terms, you must send your notice to cancellations@residentinsure.com or mail it to EIA Cancellations, 4205 Chapel Ridge Ln Lehi, UT 84043.
Is homebody insurance legit? ›
Homebody InsuranceAgency, LLC ("Homebody") is a licensed insurance agency.
Are renters insurance and homeowners insurance the same? ›
The main and most obvious distinction between renters insurance and homeowners insurance is that a homeowners policy safeguards the home's physical structure against covered perils while renters insurance won't protect the home or building occupied by the tenant.
How much is residentinsure? ›
Homebody renters insurance coverage starts as low as $7 per month. Factors that affect pricing include the property location, coverage limits and deductible. Homebody renters policies cover up to $50,000 in personal belongings.
Is renters insurance a real thing? ›
A renters policy provides financial reimbursem*nt for covered losses to your personal belongings. If a covered peril occurs, you'll file a claim with your renters insurance company to receive compensation for your loss, up to your policy's limits, sub-limits, and minus any deductible.
What is the most reasonable homeowners insurance? ›
State Farm is the cheapest home insurance provider in 22% of states and Allstate is the cheapest provider in 18% of states.
How do I file a claim with Homebody? ›
How do I file a claim? Call (877) 577-0850 and have your policy number ready. One of our agents will direct you to the right place.
Is house insurance even worth it? ›
Home insurance protects your house
So if a huge unexpected disaster takes place, like a fire or windstorm, you'll save hundreds of thousands (or millions depending on your house size) on out-of-pocket expenses.
Why is renters insurance cheaper than homeowners? ›
Costs of homeowners insurance vs. renters insurance. In general, you can expect your renters insurance quote to be less than for homeowners insurance. That's because homeowners insurance includes the building structure itself, which isn't the case for renters insurance policies.
Coverage C - Personal Property
This coverage provides protection for the contents of your home and other personal belongings owned by you and other family members who live with you. Coverage is limited on certain types of property that are especially susceptible to loss, such as: • Jewelry. Antiques. Furs.
What is coverage B on a homeowners policy? ›
Other structures insurance, also known as Coverage B, is the part of your home insurance policy that protects structures on your property other than your house. That includes: Fences. Sheds. Detached garages.
What does resident mean in insurance? ›
The language of the insurance contract will define who qualifies as a resident. Typically contracts require that an individual should physically reside at the same domicile, or permanent home, as the named insured.
What is the purpose of home renters insurance? ›
Renters insurance protects your personal property in a rented apartment, condo or home from unexpected circ*mstances such as theft, a fire or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property.
What is landlord insurance vs home insurance? ›
Think of it this way: You'll want landlord insurance: any time you are renting your entire premises long term and you are not occupying it. You'll want homeowners insurance: if you have a renter staying in part of your home while you still occupy it.
What is home owner insurance def? ›
Homeowner's insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a mortgage, your lender wants to make sure your property is protected by insurance. That's why lenders generally require proof that you have homeowner's insurance.
