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| Review of Liberty Mutual Renters' Insurance |
Liberty Mutual provides standard renters insurance with several options for customization.
Liberty Mutual, one of the nation's largest insurers, provides standard renters coverage with some customizable options. Customers can easily find the right coverage for their needs thanks to Liberty Mutual's user-friendly website and app.
What exactly is renters insurance?
Renters insurance protects tenants who live in an apartment, condo, or house. It typically covers your belongings against fire and smoke damage, vandalism, theft, and some weather-related incidents. It also financially protects you if a visitor to your home is injured and files a lawsuit.
Renters insurance is distinct from home and landlord insurance, which are both intended for property owners and do not provide the specific coverage that a renter requires.
What is the scope of renters insurance?
Renters insurance typically covers the following items for a renter:
- Clothing
- Electronics
- Furniture
- Jewelry
- Accidental damage
- Temporary living costs
Additional renters coverages, such as coverage for jewelry and/or other high-value items, can be added to a policy.
Is my renters insurance going to cover my belongings outside of my rental unit?
Yes! Your personal property is protected no matter where you are. Renters insurance is portable protection.
- In your vehicle. Despite the fact that you hid your tablet and camera under the seat, both have been stolen.
- I'm on vacation. Sprinklers go off in your hotel room, causing your laptop to be destroyed.
- On the move. Moving? Your belongings will be covered for 30 days from the start of the move under your policy.
How much does renters insurance cost?
Renters insurance from Liberty Mutual is a surprisingly cheap and affordable way to keep the things you love safe and protected for as little as $5 per month.
However, the amount you pay is determined by a variety of factors, including where you live, the value of your belongings, and the amount of coverage you desire. Renters insurance should not be one-size-fits-all, which is why it is critical that your specific needs are considered. When you get a Liberty Mutual renters quote, we'll make it simple to understand the coverage that's right for you, so you only pay for what you need.
Who should get renters insurance?
It's simple: renters insurance is appropriate if you rent your home and want to protect your belongings. Some landlords or property management companies may even demand it before you sign your lease.
We provide coverage for all types of rental properties, including:
- Apartments that are small
- Apartments that are large
- Homes that stand alone
- Townhouses
- and much more
The amount of coverage you require is determined by how much property you own and wish to protect, not by the type of home you rent.
Liberty mutual renters insurance phone number
- Call for a quote : 1-800-295-1739
- 24/7 Roadside Assistance : 1-800-426-9898
How much renters insurance do I require?
While the amount of coverage you need ultimately depends on how much stuff you need to protect, coverage of $15,000 for personal belongings and up to $100,000 in liability coverage, with the option to add on additional coverages, is often adequate.
The amount of renters insurance you require is determined by how much property you need to protect.
Your possessions
The more valuable your possessions, the higher the limit you should consider. Take an inventory of your belongings before requesting a quote so that you have a better general idea of the coverage limit you want to choose. This includes clothing, electronics, furniture, kitchenware, jewelry, and other personal items.
Your legal responsibility
A Liberty Mutual Renters policy includes liability coverage as standard. This coverage protects you if you, a family member, or your pet injures or damages someone else's property.
Consider no-fault medical coverage, which means your insurance company will pay for someone else's medical bills if they are injured in your home.
The liability portion of your policy may also cover the cost of a lawyer to defend you in court as well as the cost of court awards, up to the limit of your policy. These limits typically begin around $100,000, but you can choose to purchase more coverage. 1
Finally, here's a useful way to consider the cost of your renters insurance:
- More coverage plus a lower deductible equals a higher premium.
- Lower premium = less coverage + higher deductible.
Liberty Mutual Insurance Company
Liberty Mutual is one of the country's largest property and casualty insurers. Liberty Mutual, founded in 1912 to provide workers compensation, now offers insurance products to meet a variety of needs.
The company has vehicle plans, including specialty vehicles such as boats, ATVs, and antique cars. It also provides life insurance, pet insurance, and accident insurance, as well as business insurance policies. Liberty Mutual offers personal property insurance plans for renters, homeowners, and landlords, as well as plans for specific situations such as flood insurance and mobile home insurance.
Renters insurance rates from Liberty Mutual
For overall performance, Liberty Mutual renters insurance received four out of five stars. Our editorial team determines NerdWallet's ratings. The renters insurance scoring formula considers policy coverage options and discounts, the ease of filing a claim, website transparency, the company's financial strength, complaint data from the National Association of Insurance Commissioners, and other factors.
Pros:
- All 50 states and Washington, D.C. are covered.
- There is coverage for replacement costs available.
Cons:
- Water damage coverage is not included in the standard policy.
- Not all areas have earthquake coverage.
Liberty Mutual is one of only a few insurance companies that provides coverage in all 50 states as well as Washington, D.C. Aside from a quick online quote process, what distinguishes this insurer is the number of discounts available to policyholders. You'll be able to find common multi-policy and claims-free discounts, as well as discounts for enrolling in autopay, completing the purchase process online, and receiving a quote before your current policy's expiration date. You can communicate with Liberty Mutual almost entirely without calling a representative thanks to its mobile app and online claims process.
According to Liberty Mutual, policy premiums begin at $5 per month, but standard coverage does not include water damage coverage. However, the average cost of our sample policies was $20.13. What is and isn't covered varies by state, so it's best to get a quote to see what you'll get.
What Is Included in Liberty Mutual Renters Insurance Coverage?
A typical renters insurance policy will cover:
- Furniture, clothing, electronics, and valuables up to a certain amount are examples of personal property.
- Medical bills for a visitor who is injured in your rental unit
- Repairs required if someone else's property is damaged as a result of an accident on your property.
- If your home becomes uninhabitable due to a covered reason, you will be reimbursed for your living expenses.
- Liability, including legal fees, if the policyholder, a family member, or a pet causes an injury on the rental property.
Where Does Liberty Mutual Renters Insurance Coverage Exist?
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| Review of Liberty Mutual Renters' Insurance Coverage |
Available in:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- The District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York,
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
What Renters Insurance Discounts Does Liberty Mutual Provide?
Renters can save money on renters insurance by working with Liberty Mutual. Discounts are available for:
- Combining multiple Liberty Mutual insurance policies, such as renters and auto insurance.
- You haven't filed a claim with your previous insurance company in at least five years.
- Obtaining a Liberty Mutual quote before your current policy expires
- Enrolling in bank-account-linked automatic payments
- Buying a policy online
- Selecting electronic delivery of policy documents
What Renters Insurance Packages and Bundles Does Liberty Mutual Provide?
Liberty Mutual, like many other insurance companies, offers a multi-policy discount to customers who have multiple insurance policies with the company, such as renters insurance and car insurance.
What Additional Renters Insurance Coverages Does Liberty Mutual Provide?
Liberty Mutual adds the following coverage options to its standard renters insurance:
- Blanket Jewelry provides additional protection for your jewelry.
- Earthquakes
- Personal property replacement expenses
How Do I Purchase a Liberty Mutual Renters Insurance Policy?
The following are the steps to getting a Liberty Mutual renters insurance policy:
- To get a quote for renters insurance from Liberty Mutual, enter your ZIP code on their website. You can also contact customer service representatives.
- Provide information such as your name, address, date of birth, whether you have any existing policies with the insurer, the approximate value of your belongings, and the number of people who will be covered by the policy.
- Liberty Mutual will provide you with a quote after you provide the necessary information. Once you've finalized your policy, you can customize it to your liking and provide payment information.
How Do I Submit a Claim to Liberty Mutual?
Policyholders can file a claim online (you must log in to your account) or by calling Liberty Mutual at any time. Your policy number, as well as details on when and what happened, are important pieces of information to have on hand. After you file your claim, Liberty Mutual assigns you a claim number that you can use to track the status of your claim. In some cases, additional documentation such as photos and receipts may be required, as well as an interview with a representative. The insurer will also inform you of the next steps in processing your claim.
Nationwide vs. Liberty Mutual
Liberty Mutual provides more discount options than Nationwide, which only provides discounts for bundling policies, being claims-free, and installing protective devices on rented property. Furthermore, Nationwide coverage is not available nationwide. Their standard coverage, however, is comparable, and both insurers provide mobile apps and the ability to obtain insurance quotes online. Nationwide had an average monthly price of $13.43, while Liberty Mutual had an average monthly price of $20.13. The prices shown here are the averages of our four sample quotes.
Lemonade vs. Liberty Mutual
Policyholders at both Liberty Mutual and Lemonade can handle the majority of their business online. Lemonade's policies are less expensive, averaging $16.15 per month compared to Liberty Mutual's $20.13. These prices are the mean of four sample quotes. Despite the fact that both companies claim that their renters insurance policies start at $5 per month. Lemonade also donates unused premiums to non-profit organizations of customers' choosing. Liberty Mutual is available nationwide, whereas Lemonade is available in slightly more than half of the states. It also provides more discount opportunities, which may result in lower premiums for factors such as claims-free status and policy bundling.
How to Make a Claim for Renters Insurance
As soon as it's safe to do so, file it. The sooner you report a theft or damage to your home, the sooner your insurer can assign an adjuster to your claim and begin processing it. Some companies allow you to file claims online or through their app, while others require you to call your agent or insurer. Keep your policy number on hand.
Take pictures of the damage. Take photos or video of all damage to support your claim. If you suspect that something has been stolen, contact the police before contacting your insurance company. Your insurer might request a copy of their report.
Prevent further harm. After you've photographed everything that's broken or destroyed, take precautions to prevent further damage, such as placing a tarp over a broken window to protect your belongings inside. Keep all receipts for any supplies you purchase, as your insurance company may reimburse you later.
Liberty Mutual Renters Insurance Frequently Asked Questions
Is water damage covered by Liberty Mutual renters insurance?
Under certain conditions, Liberty Mutual renters insurance may cover water damage. A standard plan does not include water damage coverage by default.
Is theft covered by Liberty Mutual's renters insurance?
Theft is covered by Liberty Mutual renters insurance. However, keep in mind that every policy has limitations. If you're concerned about high-value items being stolen, you may want to consider adding additional coverage packages for items like jewelry.
Is flooding covered by Liberty Mutual's renters insurance?
Natural flooding damage is typically not covered by renters or homeowners insurance policies. Flood insurance is available through Liberty Mutual, but the coverage is ultimately provided by the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA).
Is Liberty Mutual renters insurance valid for broken windows?
Broken windows are typically not covered by renters insurance. Renters insurance is intended to protect your personal belongings rather than the structure in which you live. Because windows are a structural component of the structure, they are covered by your landlord's homeowners insurance rather than your renters insurance.
Is Liberty Mutual's renters insurance fire-proof?
In some cases, Liberty Mutual renters insurance may cover fire damage. If you are concerned about fire damage, you can purchase additional coverage to cover costs above the automatic standard plan.
Is Liberty Mutual's renters insurance effective against bedbugs?
Liberty renters insurance, like most providers of renters insurance, does not cover bedbugs. Insects and other pests are not covered by renters insurance policies because pest control is considered standard maintenance and is the responsibility of the homeowner.
Is mold covered by Liberty Mutual's renters insurance?
Mold damage is only covered under certain conditions by Liberty Mutual renters insurance. Mold will be covered if it is directly caused by a covered event, such as a storm. It will not be covered if it is caused by something like flooding, for which you must purchase separate insurance.
How do I cancel my Liberty Mutual renters insurance policy?
Call the Liberty Mutual customer service number to cancel your renters insurance.
Is there a Liberty Mutual mobile app, and what can you do with it?
Yes. Customers can use the mobile app to pay bills, file claims, and view identification cards and policy information.
Is Liberty Mutual paying dividends?
Liberty Mutual does not consistently pay dividends to shareholders.
What other distinctive services does Liberty Mutual provide?
Optional policies from Liberty Mutual can be purchased in addition to or separately from renters insurance. Tuition insurance is one of the most unusual, as it covers illnesses, unexpected accidents, and mental health conditions such as anxiety and depression.
Is Liberty Mutual insurance available for college dorm rooms?
Liberty Mutual renters insurance covers college dorm rooms — the policy is the same as if you lived in an apartment. Parents with college-age children can choose to provide coverage through their homeowners insurance, though coverage is limited.
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