Progressive Renters Insurance Quote: Everything You Need to Know

For renters, protecting your belongings and liability is crucial. A renters insurance policy can offer coverage for damages or theft to your personal property as well as financial protection from liability claims. With Progressive, you can easily get a renters insurance quote and purchase a policy online. In this article, we’ll explore everything you need to know about Progressive renters insurance quote.

What is Progressive renters insurance?

Progressive renters insurance is a policy that offers coverage for a renter’s personal property, liability, and additional living expenses in the event of a covered loss. The policy provides financial protection to renters for their belongings, which may include furniture, appliances, electronics, and other personal items.

The liability coverage included in Progressive renters insurance can provide financial protection for renters in the event that they are found responsible for damage to someone else’s property or bodily injury. Additionally, the policy can offer coverage for additional living expenses if the renter’s home becomes uninhabitable due to a covered loss.

What does Progressive renters insurance cover?

Progressive renters insurance can offer coverage for:

What is not covered by Progressive renters insurance?

Progressive renters insurance does not cover:

• Damage to the rental property itself
• Damage caused by floods or earthquakes
• Damage caused by intentional acts or negligence
• Damage or loss of property from wear and tear or mechanical breakdown
• Damage or loss of property from war, nuclear hazards, or government seizure

How to get a Progressive renters insurance quote

Getting a Progressive renters insurance quote is a quick and easy process. Here’s how:

Step 1: Visit the Progressive website

Go to the Progressive website and select “Renters” from the drop-down menu under “Insurance”.

Step 2: Enter your information

Enter your information, such as your address and the value of your personal property. You can also select the coverage limits and deductible that best fit your needs and budget.

Step 3: Review and purchase your policy

Review the quote and purchase your policy online. You can customize your policy by adding additional coverage options, such as jewelry or electronics coverage.

FAQ

Is renters insurance required by law?

Renters insurance is not required by law, but it may be required by your landlord or apartment complex. Even if it is not required, renters insurance is highly recommended to protect your personal property and liability.

How much renters insurance do I need?

The amount of renters insurance you need depends on the value of your personal property and your liability risk. A general rule of thumb is to have enough coverage to replace all of your personal belongings in the event of a covered loss.

How much does renters insurance cost?

The cost of renters insurance varies based on several factors, such as the value of your personal property, the coverage limits you select, and your location. On average, renters insurance costs between $15 and $20 per month.

What is a deductible?

A deductible is the amount you pay out of pocket before your insurance coverage kicks in. For example, if you have a $500 deductible and your claim is for $1,000, you would pay $500 and your insurance would cover the remaining $500.

Can I cancel my renters insurance policy?

Yes, you can cancel your renters insurance policy at any time. However, you may be subject to a cancellation fee or a prorated refund depending on the terms of your policy.

Conclusion

Progressive renters insurance can offer financial protection for renters from personal property and liability losses. Getting a quote and purchasing a policy is a simple process that can be done online. Be sure to review the coverage options and limits to ensure you have the right coverage for your needs and budget.