Renter's Insurance. Cover your junk.
Renter's Insurance. Cover your junk.
Your designer jacket? To the fire spreading from your neighbor's apartment, it just burns a bit slower than your pajamas. There is someone who'd truly appreciate it, though. A burglar. Whichever one comes first, keep your stuff protected through Waffle.
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Key plan features
Protects your stuff and provides Liability Coverage in the event of an accident occurring on your rental property.
Designed specifically for renters who occupy apartment buildings.(1)
You have complete flexibility to design the product to your needs (don’t worry, we’ll guide you through the process).
Coverage ranges from simple, Liability-only to comprehensive protection for all your possessions.
A wide range of limits and deductibles.
Deductibles (the initial amount you have to pay in the event of a claim) ranging from $250 to $1,000.(2)
Limits of up to $300,000 (Liability) and $40,000 (Contents).
The option to cancel on a monthly basis.
A wide range of optional add-ons.
Pricing from $5 per month.
Typical monthly cost is $5 - $40.
Why we chose the policy
The specific focus on apartment buildings (although anyone is free to get a policy).
The generous product flexibility.
The backing of both an established insurance provider in Markel and the technical expertise of Boost.
Considerations
May not be as competitive for those that don’t live in an apartment building.
The coverage limits may not suit everyone.
(1) This Program will have a credit for a preferred property in most states. To be eligible for the Preferred Property credit, the property must meet one of the following:
* Lease or rental agreement provisions require residents to have renters insurance; or
* Apartment community must meet the following criteria: Property must be more than 100 units at the same location. Property must have a paid resident manager living on site. Property must be well maintained with no special hazards and professionally managed. Gated security or other community protection measures may be required in urban areas. Facility age should not exceed 20 years without substantial updating.
(2) Includes a $1,000 wind/hail deductible. A wind deductible is not allowed in AR, CT, GA, NY, NJ, or OK.
How to get insured
Pick your product
After you’ve selected Renter’s Insurance on the product screen, you’ll have to answer a few questions to confirm that you live in an apartment building. You’ll be shown a number of options for your policy. These include:
Policy Type.
Liability Only.
Liability plus Contents.
Policy Limits.
Deductible Level.
Optional Add-Ons.
Dial it in
As you make changes, your quote will get updated in real time. Once you’re happy with your choices and accept the terms and conditions, you can proceed to payment. After you’ve signed up, you’ll receive emailed information about your policy. It may take a day or so to receive your policy document, but we’ll be in touch to confirm that the policy is in place.
In case of a claim
Claims can be submitted via the Claims section of the Waffle app.
