EPremium Renters Insurance Review 2024

Headquartered in Mason, Ohio, ePremium is a licensed renters insurance agency available in all 50 states. EPremium specializes in renters insurance for multifamily and single-family rentals.

EPremium sells renters Insurance in all 50 states.

Renters insurance isn’t required in any state, but some landlords may require that tenants have renters insurance. Here’s a breakdown of what a standard renters insurance policy includes.

Coverage type	What it covers
Personal property coverage	Pays for damage to your possessions, such as clothing, furniture and other items. It’s sometimes called contents coverage.
Personal liability coverage	Pays for others’ injuries or property damage for which you’re responsible. It will also pay for your legal defense if you’re sued.
Additional living expenses	Pays your extra costs, including hotel bills and restaurant meals, when you can’t live in your apartment because of damage caused by a problem covered by your policy.
Medical payments coverage	Covers other people’s small medical costs if they blame you for their injuries because of your actions (or someone in your household) or your pet’s, without determining actual fault.

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EPremium renters insurance can provide a range of liability coverage options. Policies start with $25,000 of liability coverage, but you can add extra coverage. Policies can also include replacement cost coverage, which pays for the replacement of damaged items with new ones. That’s different from actual cash value coverage, which takes into account depreciation when reimbursing you for property

Depending where you live, ePremium sells optional coverage that you can add to a policy, including:

• Bed bug remediation: Pays you for expenses related to bed bug issues, offering up to $1,000 of coverage.
• Biohazard cleanup coverage: Covers damages related to biohazard cleanup, with a limit of $2,000.
• Pet damage coverage: Covers repairs for damage done by your pet to the rental, providing up to $500 per occurrence.
• Resident-caused water damage coverage: Pays for repairs to water damage to the rental caused by you.

Renters insurance policies don’t usually cover the following:

• Damage caused by power failure that happens outside of the building.
• Damage to the structure of your rental.
• Earthquakes.
• Floods.
• Government action.
• Intentional loss.
• Landslides and mudslides.
• Mold.
• Neglect.
• Nuclear hazard.
• Ordinance of law.
• Roommates (unless they are on the policy).
• War.

Renters insurance costs an average of $14 a month for a policy with $15,000 of personal property coverage, according to our analysis. EPremium renters insurance is an agency that offers policies from multiple insurance companies and says it sells policies that typically cost between $11 to $22 per month. Your exact cost will depend on the insurer you buy from, your age and claims history, your location and other factors.

Renters insurance discounts vary by company. Because ePremium is an insurance agency, the discounts you get may vary by company.

Common renters insurance discounts include:

• Bundling, also called a multi-policy discount, can save you money when you buy two or more policies from the same company, like renters and car insurance.
• Claims-free discounts may be available if you haven’t filed a claim in a certain amount of time, such as five years.
• Home safety discounts can result in lower rates if your apartment has safety features like sprinklers or deadbolt locks.
• Loyalty discounts are price breaks for long-time customers.
• Paperless discounts can bring small savings if you choose to have your bills and policies delivered electronically.
• Pay in full discounts are often available if you pay for a year’s worth of renters insurance rather than in monthly installments.

EPremium offers a Renters Plus program that includes an alternative to safety deposits: EDeposit is a one-time nonrefundable fee that ePremium says is “considerably less than the money required for a traditional security deposit.”

EPremium says the lower deposit amount means you have more money for your move to a new apartment. You’re responsible for damage beyond your traditional security deposit, and eDeposit is good for up to five years. Your property’s landlord must take part in the program for you to take advantage of eDeposit.

To buy a renters insurance policy from ePremium, visit the website and enter your ZIP code. You’ll then provide additional details about your coverage preferences, living situation and payment information to finish the application process.

To initiate the claim filing process, contact the ePremium office at (800) 319-1390. After submitting your claim, ePremium says it could take up to 72 hours for an adjuster to be assigned to your case.

EPremium vs. Lemonade Renters Insurance

Features	ePremium	Lemonade
Availability	50 states	28 states
Default liability coverage	$25,000	$100,000
Extra coverage you can add	Coverage for pet damage, water damage, biohazard cleanup, bed bug remediation	Covers you if a pet damages the landlord’s stuff and for replacing personal belongings damaged by water from drains or sewers.

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EPremium vs. Allstate Renters Insurance

Features	ePremium	Allstate
Availability	50 states	50 states
Default liability coverage	$25,000	$100,000
Extra coverage you can add	Coverage for pet damage, water damage, biohazard cleanup, bed bug remediation	Covers identity theft restoration, business property, flood insurance and building improvements to renters
Type of company	Renters insurance agency that sells other company’s policies	Renters insurance company

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EPremium vs. State Farm Renters Insurance

Features	ePremium	State Farm
Availability	50 states	50 states
Default liability coverage	$25,000	$100,000
Extra coverage you can add	Coverage for pet damage, water damage, biohazard cleanup, bed bug remediation	Covers cyber attack coverage, extortion and identity restoration
Type of company	Renters insurance agency that sells other company’s policies	Renters insurance company

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EPremium sells renters insurance from multiple insurance companies but those companies’ consumer experiences vary.

Here’s a look at the complaint levels for five of those companies. The National Association of Insurance Commissioners collects complaint data nationwide, which reflects customer satisfaction.

The industry average ratio is 1.00, which means a ratio of under 1.00 is better than the industry average.

EPremium renters insurance policies have replacement cost coverage, allowing you to replace damaged items with items of a similar value. You can enhance coverage with options for water damage, pet damage, biohazard cleanup, bed bug remediation and additional living expenses.

The application process is simple and coverage is available in all 50 states.

EPremium has lower personal liability limits when compared to other insurance companies. Renters insurance policies typically offer a liability amount averaging $100,000. If you want more coverage, you’ll have to pay more.

EPremium is an agency. The renters insurance company you end up getting isn’t ePremium. Companies can differ in multiple ways, including costs, discounts, claims processing and customer satisfaction. Before choosing an insurer through ePremium, make sure to look into the individual insurance company to make sure you’re happy with the coverage and company.

The best renters insurance companies to check out include:

• Allstate
• American Family
• Auto-Owners
• Country Financial
• Nationwide
• State Farm
• USAA
• Westfield