Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

EPremium renters insurance review

Last updated:  

Get coverage you might not find anywhere else — if your rental community qualifies.

  • Get a quote if your community is a partner.
  • Pick something else if you need a more customized policy or lower rates.
  • Renters of all backgrounds and claims histories accepted within partnering communities.

All 50 states

Available states

24/7 claims

Online quotes

Details

Pros

  • Liability covers damage you cause to the rental
  • Guaranteed approval within partnering communities
  • Worldwide contents protection
  • Covers roommates added to your policy

Cons

  • No same-day coverage
  • Payment processing fees
  • Coverage limits set by your community
  • Limited coverage information online
New home discount discount No
New homeowner discount No
Home safety features discount No
New policy discount No
Bundling discount No
No claims discount No
Other discounts No
Personal property coverage Yes
Valuable personal property Yes
Theft coverage Yes
Fire coverage Yes
Flood coverage No
Identity theft coverage Yes
Homesharing No
Dwelling coverage No

Expert review

Sarah George

Review by


Sarah George is a writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on CarInsurance.com. You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.

Expert review

Epremium has unique features you won’t get with other providers, like coverage to help you pay your security deposit and damage you cause to your space. Other add-ons don’t cost much extra per month either, like water backup or identity theft protection.

However, your community manager sets the types of coverage, policy limits and deductibles. That means not all the coverage listed above will be offered, and you can’t adjust deductibles as you would with other insurers.

Despite those downsides, this policy may work for those wanting the unique features when they’re available or those looking to add roommates to their renters insurance. Otherwise, another renters insurance policy may work better.

What renters insurance coverage does EPremium offer?

EPremium beefs up standard coverage to include damage you cause to your rental, and sometimes even pet damage. Plus, you can protect your belongings no matter where you travel in the world. Coverage includes:

  • Personal liability. This coverage protects you for damage you cause to someone else’s property or for legal expenses.
  • Medical payments. Pay medical bills for others injured at your rental home or apartment.
  • Pet liability. In some areas, you can cover expenses or legal fees if your pet causes damage or injuries. This may also include damage your pet causes to the rental.
  • Personal contents. Protect your personal belongings anywhere in the world.
  • Water damage from backups. Pay as little as $1 per month for water damage protection if it’s caused by drain backups or sewer overflows. That includes damage caused by residents.
  • Contents replacement cost. Some policies replace your belongings at today’s cost of buying another similar item.
  • Loss of use. Reimburse extra living expenses if you have to move out of your rental because of damage.
  • Identity fraud. Pay as little as $1 extra per month to protect against fraudulent charges and expenses related to your stolen identity.
  • Bed bug remediation. Pay to remove bed bugs from your furniture and rental property using professional services.

What renters insurance discounts can I get with EPremium?

EPremium doesn’t list any discounts. The company likely adjusts rates to your specific area and coverage chosen.

How does EPremium renters insurance work?

EPremium partners with apartment, condo and housing communities in your area to offer policies as an option to its residents. EPremium works with the property manager to set the coverage, options, policy limits and deductibles. Its policies are backed by a number of companies, but one of its underwriters is Millennial Specialty Insurance or MSI.

Your community may decide to offer basic coverage with low limits or allow you to customize some aspects of the coverage. Other communities may include limited coverage with your rent. In these cases, you only need a policy if you prefer separate coverage or higher coverage limits.

What is EPremium security deposit insurance?

EPremium also offers an option to help you pay your security deposit. You may pay a few hundred dollars to get security deposit coverage up to the amount required by your property manager. If you cause damage, EPremium pays for the damage up to the limit. However, you’re responsible for any damage that exceeds the limit.

Again, this policy depends on whether your rental community accepts this coverage. The amount paid is also nonrefundable, even if you don’t cause any damage to the rental property. The benefit of this coverage is that it lowers your upfront moving costs.

Pros and cons of EPremium renters insurance

Pros

  • Offers security deposit insurance. Take out a policy to cover your security deposit and pay for damage to your rental, a coverage not offered by other providers.
  • Guaranteed approval. The company claims that every applicant is accepted, but eligibility depends on whether your community partners with EPremium.
  • Worldwide contents coverage. Travel with protection for your belongings anywhere you go.
  • Can cover roommates. Your roommates may be eligible for coverage if you add them to your policy.

Cons

  • No same-day coverage. Your policy won’t start immediately, a perk that some other insurers offer.
  • Rates aren’t the cheapest. On its site, EPremium claims average rates are around $11 to $22 per month. But if your rate is on the higher end of that range, you could find lower rates from another insurer.
  • Payment processing fees. You’ll pay $1 each month for monthly payments or $5 for annual payments.
  • Coverage not always customizable. When applying online, EPremium states the coverage and limits available to you based on the limits selected by your community. You have little room to adjust for your needs.
  • Confusing website information. The company’s website has limited information about coverage. Also, it guarantees approval but only for residents within partnering communities.

What do customers say about EPremium renters insurance?

Customers rate the company about 4 out of 5 stars with over 70 Google reviews as of November 2019. However, the reviews are mixed. Some residents find it difficult to cancel their policies, criticize the high prices and claim the company has a long wait time.

Other residents and managers tout the company’s quick claims process and helpful staff, calling out specific representatives they enjoy working with. The company holds an A+ business rating from the Better Business Bureau, but it doesn’t have customer reviews on the BBB.

How to apply for EPremium renters insurance

EPremium keeps its applications simple with a few steps online or by phone:

Online

  1. Go to the EPremium website and enter your ZIP code. Click View prices.
  2. Select your apartment community from the dropdown. Click Enroll now.
  3. Choose a policy start date and upload proof of your current renters insurance coverage, if applicable. Click Continue.
  4. View the coverage offered by your property manager or landlord. Click Continue.
  5. View your initial quote and fill in your personal information. Click Continue.
  6. Fill in your payment information and click Continue.
  7. Review your completed application and finalize.

Phone. Call 800-319-1390 to talk with a customer representative.

What info do I need to apply for renters insurance?

Keep basic details on hand for a speedy renters application process:

  • Name
  • Address
  • Phone number
  • Email
  • Spouse or roommate names
  • Apartment or housing community name
  • Policy start date
  • Coverage needed
  • Payment details

Alternatives to EPremium

Name Product Storm & water backup Valuable property Enhanced rebuild Homeshare coverage Available states
Policygenius home insurance
All 50 states
This online marketplace does most of the work for you, matching you with quotes from 14 highly rated home insurers.
Hippo home insurance
AL, AZ, CA, CO, GA, IL, IN, MD, MN, MS, MO, NV, NM, OH, PA, SC, TN, TX, UT, WI
Get an online quote in 60 seconds and find out how much you could save with Hippo.
Kin home insurance
AL, FL, GA, TX
Get coverage fast with policies designed to protect coastal homes.
Progressive home insurance
All 50 states
Protect your home and auto insurance with Progressive to save a bundle.
Allstate home insurance
All 50 states
Protect your home and belongings and save even more by bundling insurance with Allstate.
Liberty Mutual home insurance
All 50 states
Invest in affordable insurance that protects your home and your property from damage no matter where you live.
loading

Compare up to 4 providers

Frequently asked questions about EPremium renters insurance

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site