Nationwide Renter’s Insurance Policy

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Nationwide Insurance has been in business for over 80 years and is a well-known name in insurance made familiar by its commercial jingle “Nationwide is on your side.” The company provides coverage in 32 states and the District of Columbia. It is ranked in the Fortune 500 with assets of over $135 billion. Many people think that if they rent, their belongings are covered by their landlord’s insurance.

However, this is not the case and you may need to buy a renter’s policy to protect your valuable personal belongings. Nationwide Insurance offers its customers a renter’s policy that is ranked among the best in the category of pricing by J.D. Power & Associates in a 2014 U.S. Household Insurance Study on Renter’s Insurance.

Financial Strength and Customer Service

Financial strength is one thing you can depend on from Nationwide Insurance. You don’t have to worry that your insurance company won’t be around tomorrow when you have a claim or need assistance with your policy. Here is how some of the top insurance rating organizations rate Nationwide Insurance:

J. D. Power and Associates gave Nationwide Insurance a 3 out of 5 rating in a customer claims satisfaction survey.

Better Business Bureau Rating

Nationwide Insurance has been a BBB accredited business since 1955 and has an “A+” rating.

 There are a total of 100 customer reviews; 1 positive, 3 neutral, and 93 negative reviews. Nationwide received a  composite rating 3.71 out of 5 stars based on 100 customer reviews. There are a total of 412 customer complaints; advertising/sales issues-17, billing/collections issues-102, delivery issues-3, problems with product/service-273.

Of the 395 complaints received during the last three years, 109 have been closed in the last 12 months.

Nationwide Renter’s Policy

Nationwide offers an attractive feature for their personal property coverage called brand new belongings. What this feature does is replace any belongings that are damaged, stolen or destroyed by a covered peril in the policy with brand new items.

Your Nationwide renter’s policy provides you with property coverage for your personal belongings, personal liability insurance to cover damage to others or their property your are liable for as well as medical payments for others injured due to an accident on your property. There are endorsements that can be added to provide more coverage for an additional premium. Not all options are available in every state.

 Discounts Available Include:

  • Multiple policy discount
  • Protective device discount
  • Claims-free discount

Getting a Quote

To get a quote for renter’s insurance from the Nationwide Insurance website, you will begin by entering your zip code and then enter other personal information including name, address, date of birth, insurance coverage and claims history. You will need to report any property insurance claims you’ve had within the last three years.

There are also some questions to answer that could qualify you for special renter’s insurance discounts such as if you belong to any type of professional, charitable or alumni associations. Later, you’ll be asked about anything special types of security devices installed such as burglar alarms, fire sprinkler systems or fire alarms. Any of these will add additional discounts to your renter’s insurance premium.

Finally, you’ll need to tell the company about what type of renter’s coverage you need and any valuable personal belongings you have. If you are unsure how much your belongings are worth, there is a tool there to help you determine how much renter’s insurance you may need.

You can choose your deductible amount, the higher your deductible, the less your policy premium will be. However, this also means that you would have to pay more out of pocket in the event of a claim.

Once you receive your quote, you can save it and even purchase the policy online if you wish. If you prefer to talk to an agent first, you can use the agent locator to find a local Nationwide Insurance agent and go over your coverage options.

Pros and Cons

Pros

  • Excellent financial strength ratings
  • 24/7 claims service by telephone or online
  • Mobile insurance application
  • Attractive Discounts

Cons

  • Not all coverage options are available in every state.

Contact Information

To learn more about Nationwide renter’s insurance, to receive an insurance quote or find out about other insurance products, you can visit the Nationwide Insurance Website, a local Nationwide office or call 1-877 On Your Side (1-877-669-6877).