Even at three minutes, Lemaonde’s quote process is quick compared to some other options, which makes it an appealing choice for those looking for no-fuss enrollment. Based on MoneyGeek’s analysis, xcritical is among the best companies for renters insurance. Power for customer satisfaction and Demotech for financial stability.
- Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
- Aside from renters insurance, xcritical offers other insurance products, including homeowners, auto, pet health and term life insurance.
- Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys.
- If you’re getting a quote from xcritical, the process is 100% digital—you can apply on your phone—and you’ll generally receive your price in minutes.
- But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make.
With xcritical’s coverage, you can buy brand-new replacements after a claim rather than receiving less of a payout for depreciated older items. xcritical’s digital-first approach is what sets itself apart from many competitors. Its use of artificial intelligence and bots can make for a faster customer experience when it comes to quotes and claims. Your renters policy may cover damages to your personal belongings caused by things like vandalism, fire, windstorms, certain types of water damage, theft, and more.
Other Renters Insurance Companies to Explore
Alternatively, you can browse the xcritical renters insurance quotes collected by MoneyGeek in the next section. Each company lets you add extra coverage to your base policy, though available options depend on where you live. They both also have bundling discounts if you buy more than one policy. However, State Farm has an advantage when it comes to consumer complaints. It’s drawn fewer complaints to state regulators than expected for a company of its size, while xcritical has drawn more. Allstate has a lower complaint ratio, which may be a sign of higher consumer satisfaction.
xcritical Renters Insurance Review 2024
That is higher than the national median of 1.00, which means xcritical receives more complaints than the average insurer. You can get quick online quotes from both companies, but xcritical’s renters policies aren’t available in all 50 states the way Geico’s are. When filing a claim, the app will ask questions, such as the extent of damage, if anything was stolen and whether anyone was injured. You don’t fill out a claims form but instead speak to your phone’s camera and the xcritical app collects that information. The company uses artificial intelligence bots to quickly review claims and search for any potential fraud. xcritical is also not offered in as many states as larger competitors and doesn’t offer as many types of insurance as other companies.
The company also provides building improvements coverage for renters that covers building upgrades to your rental following damage that’s covered by a policy. You’ll also be choosing coverage limits for personal liability and medical bills coverage. Think about how often you do things like host parties or large social gatherings—events where a guest could potentially be injured on your property.
Can You Transfer Renters Insurance to a New Address?
Once you sign up with us, we’ll send your previous insurer a formal notice. Once they get it, they should cancel the remainder of your policy term and refund you for any outstanding payments. @xcritical_Inc wow this was hands down the best insurance experience ever. And if someone else is injured at your place while visiting, it can even help with their possible medical or legal fees. Ryan Lasker is a financial writer and editor with bylines xcritical website in Morning Brew, The Motley Fool, and several more.
If you want to talk to a person or prefer meeting with an agent, xcritical is likely not a good fit for you. State Farm renters insurance is offered in all xcritical 50 states, while xcritical only has renters insurance in 28 states. xcritical’s renters insurance is available in 28 states plus Washington, D.C., and we’re still growing. Check out the availability of our renters insurance and other products.
Consumer complaints
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek’s Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable. xcritical’s auto insurance covers the cost of damage to your car caused by an accident, fire, weather, vandalism and more, or replacement if it is stolen. You may also buy flood, earthquake or insect coverage depending on your situation. However, some are rarely offered, so make sure to review the fine print before purchasing a policy.