Any recommendations for a few good renters insurance companies? I have properties in Alabama and was curious.

Also, what minimum coverage requirements are typical these days? Thanks in advance!

I don't have preference on company, but checkout Assurant.  The property management software I utilize recommends them, and allows sign-up during electronic lease signing.  Otherwise, we recommend tenants check with company who provides their auto insurance. 

I'm wondering what minimums others require.  

That sounds great that you can get a policy while lease signing. Which software program do you use? I’m assuming you manage your own rentals? Thank you!

@Christopher B. From what I’m gathering the absolute minimum for liability is $100k and personal property varies and is up to the tenants preference but $5k seems to be standard (a couple of agents recommended $15k for personal property but if the price difference is minimal then that may be the move).

Price per month ranged from $20-25 which is pretty good. Greatly appreciate the help, sir!

Originally posted by @Paige Hutchinson :

That sounds great that you can get a policy while lease signing. Which software program do you use? I’m assuming you manage your own rentals? Thank you!

I utilize TenantCloud.  Yes, we keep management internal for now.  As we grow, we may outsource, but we will see how much time it is consuming.   

Thank you!

@Guy Davis , I just did a quick estimate on Assurant's own site, and it came back with this.  I input the address for a vacancy we just filled, so this quote may vary from location to location, and apartment to apartment, but maybe it's a good approximation for you to start with.  Check with your own auto insurance for a coverage estimate also perhaps.  

Coverage Estimator

Coverage Start Date

3/01/2021

Your Liability

$100,000

Personal Belongings

$10,000

Replacement Cost

Water Sewer Backup

Added

Deductible

$250

Total:

$13.17/MO

Amount based on a monthly pay plan (excluding fees).

@Christopher B. Super cheap!