What You Should Know
- Renters insurance is often required and can protect you and your possessions from damage or theft
- You might save money by canceling with Assurant, but it might not be worth it if something goes wrong
- You can cancel your Assurant renters insurance policy online or over the phone
If you need to cancel your Assurant renters insurance, there is a simple set of steps to follow that we will walk you through. Before you do so, you might want to have a look at just how important renters insurance is. That way you can be certain that canceling is the right move for you before it's too late.
Renters insurance is usually a wise investment. It is relatively affordable and often required by your leasing agent, and renters insurance provides protection against a number of possible tragedies. You should find that your personal property, injuries, and damages are covered by your renters insurance policy, so it can come in handy.
Even so, there may come a time when you need to cancel your Assurant renters insurance policy for any one of several reasons, and if that is the case we are here to help. If you are looking for a better deal on renters insurance, enter your ZIP code here to compare the best rates around.
How to Cancel Assurant Renters Insurance
Assurant renters insurance department allows customers to cancel at any time for any reason. If you have decided to cancel your policy, the first thing to do is contact customer service at Assurant. From there, you will find a few options to talk to someone about your renters insurance policy. Choose the method that suits you best.
Assurant Renters Insurance Customer Service
If you visit Assurant online, you can begin your cancellation by logging in to your Assurant account. Once logged in, you can navigate to customer support and begin the cancellation process. From there, you can utilize the customer service department at Assurant renters insurance to guide you on your way.
Assurant offers cancellation via an email address available once you have logged into your account. Fill out all the necessary information, include your policy number for reference, and be specific about when you want the cancellation to go into effect.
If you would prefer a conversation with a real person, give Assurant a call at 1-800-432-8612. Be prepared with your policy number and any relevant personal information. Let the agent know you intend to cancel and make sure you get a confirmation number and the date of your last charge.
You Might Get a Refund for Canceling Your Policy
If you have paid for coverage beyond a date in the future and are canceling your policy before that date, you may be entitled to a cancel policy refund. Whether you are canceling online or over the phone, don't forget to ask that your unused payments be refunded to you.
If you pay for your Assurant renters insurance monthly, you may not be entitled to a refund.
Why You Might Want to Cancel you Assurant Renters Insurance
While your Assurant renters insurance is useful in many ways, it does not cover you in every situation. Here are some times when it might be wise or even necessary to cancel your policy.
You Might Change Living Situations
Generally, your Assurant renters insurance will cover personal property of anyone in your household, but roommates may be different. If you start living with a roommate, they may not be covered by your current insurance, so you may need to get a new policy. You may be able to add a roommate to your policy, so ask Assurant before you cancel.
Likewise, if you get married, neither your spouse nor their belongings will be covered under your original policy. You will need to add your spouse to your coverage, and cancellation may be a better option in this circumstance.
If you move in with your parents or other relatives, you may be covered by their renters insurance as a family member, but it depends on the insurance provider. It is likely that you will want to cancel your personal coverage in this situation. Renters insurance covers everyone in the household, so you likely don't need to be named on the policy.
You Might Stop Renting
If you buy a house or other property, you will no longer be a renter. There is no need to maintain renters insurance at that point. Before you cancel, check with Assurant to see if they can help you with homeowners insurance. You may be entitled to discounts or other offers if you stay with the same company.
You Might Want to Save Money
Obviously, if you cancel your Assurant renters insurance policy, you will not be making payments anymore. That is a surefire way to save money, and sometimes we have to save wherever we can. You should be advised that saving money in the short term may end up hurting you in the end.
Damage to your property from natural disasters or theft can result in the kind of losses you can't repay. If you are subject to any of those tragedies, you will likely lose a lot more than you saved by canceling your policy.
It's also likely your landlord requires, or at least encourages, you to keep a policy active. You could end up paying extra fees or losing your lease altogether if you cancel your renters insurance.
If Assurant renters insurance is too expensive, shop around to see if you can get cheaper renters insurance before you cancel.
Once you have researched all of your options, you may conclude that canceling your Assurant renters insurance is the right move for you. If so, then you can follow these simple steps to get that process completed.
Why Renters Insurance is Important
Before we discuss why and how to cancel your Assurant renters insurance, it might be helpful to review a practical guide for understanding renters insurance..
When renting a property from a landlord, the property itself will generally be covered by insurance that is carried by the landlord or prperty owner. That means that the building you live in and the surrounding private property will be insured should an accident occur. However, your particular apartment and the items contained inside it are not covered by your landlord's policy.
To get your possessions and personal items covered, you need renters insurance. A good way to start your search is by comparing our list of renters insurance reviews. Now, let's have a look at exactly what is covered by renters insurance.
What Renters Insurance Covers
If your rental property is subjected to a flood, fire, or aother natural disaster, any damage caused will be covered. If you are injured in these events, you may also be covered.
Beyond structural damage, your personal property within the apartment will be insured should you be the victim of a robbery. The same goes for damage to your property resulting from a natural disaster.
Renters insurance doesn't just cover you where you live. If you keep your policy active, it can cover your personal possessions when it comes time to move. Depending on your policy, renters insurance can protect your belongings should damage or theft occur during the move.
If the move is temporary or you are just downsizing, you may want to put some of your things in storage. Some renters insurance policies will protect your possessions while they are in storage as well.
Renters insurance can provide you with peace of mind knowing you and your valuables are protected after unforeseen tragedies. This is an important reason to carry renters insurance. Even so, there may come a time when you need to cancel.
After You Cancel Your Assurant Renters Insurance
Life changes fast, and we all need to find the best way to navigate it. When you decide to cancel your renters insurance policy with Assurant, you may be looking for a better policy somewhere else. If so, have a look at some of the best renters insurance providers around, as ranked by our customers.
If you are renting your home and need to find the best rates for renters insurance in your state, enter your ZIP code here to get started.