Renters insurance policies are all relatively similar to one another, but there are policies that might be better suited for some individuals – especially those who are technology-savvy.
All renters insurance policies cover a policyholder’s personal property, gives them liability protection and offers loss of use coverage, in case a rental become uninhabitable. The policies might have slightly different coverage, category limits, endorsements or exclusions – and those should be taken into consideration when shopping for a policy – but for people glued to their phone or tablet, some renters insurance might be better than others.
These are three carriers that offer renters insurance, charge premiums on par with the average cost of renters insurance, and have great mobile applications for all kinds of tasks. If technology matters to you as a renter and you’re trying to decide which policy is the best, GEICO, State Farm and Allstate are a good place to start.
Keynote, which ranks customer-facing digital experiences of financial services companies, recently ranked the GEICO app #1 on their 2016 Mobile Insurance Scorecard.
GEICO Mobile is a single mobile application available for iOS and Android devices but it has a lot to offer. GEICO policyholders have access to a digital ID card to review and share information, they can communicate directly with agents, and request accident or roadside assistance if they have an auto policy.
For renters, the two best features are the text message alerts and the ability to chat with representatives.
Within the app, policyholders can set up text message alerts to notify them of payments due, a policy expiring and credit card expiration. This is perfect for the policyholder always on the go and who might forget to pay their premium.
The ability to chat with a representative could be useful to anyone who might have a question about their coverage but either can’t or doesn’t have the time to make a phone call.
If a renter has a GEICO auto insurance policy, the proof of insurance with the digital ID card is a very handy, too. More and more states are allowing them as proof-of-coverage so there’s no need to worry about misplacing a card in your vehicle.
State Farm’s Mobile Devices
State Farm doesn’t just have one mobile app, it has seven. Unfortunately for those who only have State Farm renters insurance, there really are only two apps they will find useful.
The flagship Pocket Agent app allows policyholders to do a number of different things. If they have one, they can access their State Farm Bank account, view their insurance card and even submit a claim.
It also provides easy access to the contact information of the policyholder’s agent. Remember, State Farm has captive insurance agents who serve as a point of contact and advisor to their assigned policyholders.
The second State Farm app renters might find useful is Move Tools, which is designed specifically for tablets and helps users organize for a move. It allows users to make a list of items packed for specific rooms, build checklists and even create box labels.
Allstate Mobile and Digital Locker
Allstate also has a number of separate mobile applications and there are two that renters would find very useful.
Allstate Mobile is the company’s primary app and it is similar to GEICO Mobile and State Farm’s Pocket Agent. It enables Allstate policyholders to store agent information, policy documents, manage claims and has a digital ID card, amongst other features.
But the app that is most impressive and useful to renters is Allstate’s Digital Locker, which is free for anyone to download and use. Within the app, users can easily create an inventory of their personal belongings and manage it, in addition to add photos and an assign the dollar value of each item. All of the information can be exported as well.
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