The Homesite Renters Express® (Renters Express)
product was developed to streamline the application process for
basic renters insurance. Renters Express is different from our
standard renters insurance product in that it is designed
particularly for those customers that reside in larger apartment
complexes and have basic coverage needs. Renters Express is
available to applicants who live in apartment complexes with greater
than four units, require coverage for their personal property of
$35,000 or less, and do not require any special endorsements or
coverages. The Renters Express is a more basic policy for customers
who neither need nor desire additional coverages. (See our Renters Product
Comparison for more information) This program will work in
tandem with our standard renters' product to provide greater
coverage and premium options to customers. Homesite plans to
introduce the Renters Express product through-out the country where
we are writing business. If the Program is available in your state,
during the initial quoting process you will be asked a series of
questions that will determine which product is available based on
your insurance coverage needs.
Understanding the Product
It is important to point out that there are some
important differences between our standard renters product and the
Renter's Express® product. For a full list of the
coverages and options, please review the Renters Product
- While the standard renters product offers many additional
coverages such as debris removal, coverage for trees, shrubs and
other plants, the Renters Express® policy only offers
coverage for reasonable and necessary repairs made to protect the
customers personal property from further loss. Since this product
is marketed towards renters in large complexes, these other
additional coverages are generally not needed.
- Renters Express® removes many of the sub-limit
restrictions that are contain in a standard renters policy.
Televisions, stereo equipment, radios, computers, personal
electronics, and other items are covered up to the policy limits.
- The Renters Express® product includes Personal
Property Replacement Cost on every policy.
- The Renters Express® product is a "named peril"
policy and insures against: Fire or Lightening (including smoke),
Windstorm or Hail, Burglary, and Accidental Discharge or overflow
of water or steam.
- Burglary is included in the Renters Express®
policy. Burglary is defined as a loss of personal property
resulting from a breaking and entering.
- Theft is an optional coverage that can be added to a Renters
Express® policy for an additional charge. Theft is
defined as the unlawful taking or removing of personal property
including mysterious disappearance and loss from
a known place when it is likely that the property has been stolen.
All coverage is subject to approval and qualification. Coverage
information is intended to be a summary and does not supplement or
replace specific language of the insurance contract.