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I'm moving to an apartment complex in FL next month which requires renter's insurance before move in. I've done more than enough apartment hunting these past few months to see that there is a trend with apartment complexes to steer you to a particular e-insurance company where the application for renter's insurance is done online.
My question is this:
With plane fare, the rule of thumb is that best day to reserve a flight on line is on a Tuesday to get the lowest fare. With apartment complexes, the rental rates change daily based on "market value." Would purchasing rental insurance from a website be subject to similar practices, i.e. is there a "best day/time" to apply for renter's insurance online?
is there a "best day/time" to apply for renter's insurance online?
No.
The rates will be the same regardless of when you apply.
They will, however, differ slightly between insurance companies, so shop around but check with your auto insurance agent to see if there are any discounts involved by putting it with the same company as your auto insurance.
Make sure you tell your agent where you are moving to and when. If you are moving from a state other than Florida there may need to be a significant change in your policy.
Which means you'll have at least a few days after you apply to get it done.
Call your auto insurance carrier. Do both at the same time.
The auto insurance carrier I was considering said basically said that FL was a "unicorn" (my term) and they don't deal with renter's insurance for FL. That being said, I'm researching both renter's and car insurance so I still might be able to strike some sort of deal.... (see //www.city-data.com/forum/tampa...as-county.html)
Thanks to all who have responded--all input has been helpful!
Very very few carriers in FL do both Auto and Property. Quite honestly, you’ve got a 99% chance of finding the best deal by splitting them. I’d recommend you find one of the local independent agents to shop your policy.
I’d stay away from e-renters. They tend to have very little coverage for your belongings, along with a number of odd policy provisions.
I seriously doubt it. I can tell you that I get a really good rate from Farmer's insurance, compared to the AARP The Hartford, who treated me horribly when I had a claim. I get better coverage now from Farmer's at about half the cost. And Farmers has a good reputation on the state insurance commissioner's website, whereas the AARP The Hartford has a horrible rating. Wish I'd known that before I signed up with them the last time.
Don't know if it would be different where you are, but in CA, Farmer's has a good reputation. I get good coverage, including earthquake insurance with a low deductible and I only pay around $10/month.
Never go to an insurance company recommended by an interested party to a transaction.....not unless you have a day or two to read every page of the policy For all you know, you are agreeing for all checks to be paid to the landlord.
Never go to an insurance company recommended by an interested party to a transaction.....not unless you have a day or two to read every page of the policy For all you know, you are agreeing for all checks to be paid to the landlord.
This is a good point. You want the kind of policy that simply notifies your landlord if you have a lapse in coverage, but not the kind that actually puts them on your policy. I forget the correct terms, but your agent should know how to set it up that way.
And yeah, I'd never sign up for anything where someone might be getting a kick-back, like that. I do my own shopping, thanks.
Very very few carriers in FL do both Auto and Property. Quite honestly, you’ve got a 99% chance of finding the best deal by splitting them. I’d recommend you find one of the local independent agents to shop your policy.
I’d stay away from e-renters. They tend to have very little coverage for your belongings, along with a number of odd policy provisions.
I don't think your 'very few' statement is accurate; unless of course you have data to back that up.
when I read 'very few', I think less than 3 and I again, I think you're way off.
I don't think your 'very few' statement is accurate; unless of course you have data to back that up.
when I read 'very few', I think less than 3 and I again, I think you're way off.
Just because you assume the market is smaller than it is, doesn’t make your number right. I’ve been in this industry for over 20 years, and I can tell you that the number of carriers that are writing both products on their own paper across the state is probably below 10 right now.
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