Renting an apartment for the first time comes with a lot of freedom, but there’s also new responsibility. You have to pay the bills, and you have to replace damaged or stolen property if something happens.

Renters insurance is a necessity for any renter who wants to protect their belongings from situations, like a break-in, burst pipe, or fire. Yet many people forget about it. They assume nothing will happen to them or that their landlord's homeowners insurance will cover them. If you rent a property, your landlord's insurance covers the property, not your personal property or liability.

MetLife is known for its workplace policies, however it also offers many different insurance products to individuals, including coverage for automobiles, personal property insurance and pet insurance.

Metlife Auto & Home provides renters insurance for renters to cover their belongings and offers policies at a low cost. Many policies cost less than $200 a year, which can also be compared to replacement cost coverage for all your items.

Its renters policy has identity theft protection, and the insurance costs are similar to the national average cost, making it a great choice for renters looking for standard coverage at an affordable price. Although its auto and home insurance is acquired by Farmers Insurance, MetLife still offers renters insurance under its own name.

When renting an apartment or other property, your landlord typically isn't responsible for the damage or theft of your personal belongings, no matter the circumstance. Your landlord is only responsible for repairs to the structure of the building and the appliances they own within it, leaving you to foot the bill for any personal losses.

Renters insurance is typically affordable, with an annual average cost below $200. Many Clearsurance reviewers talked about how inexpensive MetLife renters insurance was for them, one saying, “When I first need renters insurance I checked around at a lot of places but MetLife had the cheapest prices with the best plans.”

What is MetLife renters insurance?

MetLife renters insurance provides coverage for your personal items if they're lost or damaged in different situations, such as a fire, tornado, or theft. Metlife renters insurance provides replacement cost coverage to pay you for the actual cash value of your losses, less the deductible. It also provides personal liability protection, which covers you if a guest is hurt while in your apartment, or if you cause damage to another property and are held responsible for it. If you have to leave the property temporarily to relocate due to a covered loss, MetLife renters insurance will cover additional living expenses.

You can also purchase an insurance rider to protect an item that is valued more than your MetLife renters insurance coverage amount, like a sound system, a specialty musical instrument, or piece of jewelry. In certain instances, you may want to get a formal appraisal to back up the stated value of the item.

MetLife renters insurance policies are unique from other renters insurance providers because it comes with Identity Protection coverage included in each of its policies. This service monitors your identity and notifies you if it detects any suspicious activity. In the event your identity is compromised, MetLife Identity Protection Services works to help you get back on your feet quickly and restore your identity.

There is also a limited optional coverage that offers four specialty packages that expand coverage on specific expensive items like sports and recreational equipment, electronics, instruments, or luxury items. All of these packages have a $100 deductible and will pay to repair or replace damaged or stolen items.

You can find a full list of covered perils on MetLife’s website.

One Clearsurance user summed up their experience with MetLife renters insurance simply and said, “I'm a very loyal customer of MetLife, I would and have recommended them to a lot of my friends and family. I have also recommended them online through social media. I like them because, I have never had any problems with them, no secret additional charges, they are affordable and have very well trained employees that know how to treat customers right.”

What do Clearsurance users say about MetLife renters insurance?

As of December 22, 2020, Metlife renters insurance has a Clearsurance score of 3.69. For the most up-to-date rankings, visit our renters insurance rankings.

When choosing a renters insurance company, it's important to feel confident in the event you have to make a claim, the process will be simple and helpful to you. When writing a review about their MetLife renters insurance experience, no Clearsurance users mentioned a claim dispute. One Clearsurance user said, “My basement flooded and this company provided me with the means to replace important valuables. Quick process.”

How can you save on a MetLife renters insurance policy?

MetLife Auto & Home provides a range of insurance products that can be bundled. Auto and renters policies are among the most common combinations. You can also shop for homeowners if you have other properties and more.

Bundling your MetLife renters insurance can make the cost extremely low, sometimes next to nothing. One Clearsurance reviewer who bundled their MetLife renters insurance said, “We received renter's insurance for free, since it was bundled with our auto insurance and we got a bundle discount on auto insurance equal to the price of the renter's insurance."

Additionally, MetLife offers discounts to policyholders who haven't ever had to file a claim with the company. Metlife also offer discounts for renters insurance policyholders who install security devices in their home. These security devices can be anything from security cameras to fire extinguishers. Essentially, if you reduce their risk, they give you discounts.

If you add higher coverage limits on expensive items, personal property replacement, etc., you can expect your insurance rates to go up.

How can you save on a MetLife renters insurance policy?

MetLife Auto & Home provides a range of insurance products that can be bundled. Auto and renters policies are among the most common combinations. You can also shop for homeowners if you have other properties and more.

Bundling your MetLife renters insurance can make the cost extremely low, sometimes next to nothing. One Clearsurance reviewer who bundled their MetLife renters insurance said, “We received renter's insurance for free, since it was bundled with our auto insurance and we got a bundle discount on auto insurance equal to the price of the renter's insurance."

Additionally, MetLife offers discounts to policyholders who haven't ever had to file an insurance claim with the company. Metlife also offer discounts for renters insurance policyholders who install security devices in their home. These security devices can be anything from security cameras to fire extinguishers. Essentially, if you reduce their risk, they give you discounts.

If you add higher coverage limits on expensive items, personal property replacement, etc., you can expect your rates to go up.

How can MetLife renters insurance help you?

Some landlords require their tenants to purchase at least some kind of personal property coverage in order to have protection in the event of an emergency. Even if your landlord doesn't require it, you should still strongly consider buying renters coverage. Even if you may think you'll never end up making a claim, you can never know when disaster will strike, and leave you footing the bill for your belongings. Even basic renters insurance has policy features that can make it worth the money for customers, and you may even be able to benefit from a multi-policy discount if you have auto coverage, life insurance, or another type of insurance with the carrier you choose. MetLife has great financial strength ratings meaning you can count on them when you need them.

Things like your furniture, electronics, jewelry, and any other personal possessions cost you money. You don't want to lose the money you spent on those items in case of theft, vandalism, or some kind of weather risk, like tornadoes, hail, or a flood. Renters insurance coverage is designed to help you feel safer where you live or study because if something happens to your belongings, you will get compensation as long as it is a covered event. There are other benefits, too, with additional coverage options. You could get help with medical payments, additional living expenses, and even pet insurance.

Having renters insurance through a company like MetLife is the responsible choice for any renter. Learn more about why people choose MetLife by reading MetLife insurance reviews. Also, make sure to check out Clearsurance's renters rankings page for the best renters insurance in your area.

The content on this site is offered only as a public service to the web community and does not constitute solicitation or provision of legal advice. This site should not be used as a substitute for obtaining legal advice from an insurance company or an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter. The comments and opinions expressed on this site are of the individual author and may not reflect the opinions of the insurance company or any individual attorney.