What does renters insurance through ePremium cost?

The agency says the average policy runs $11 to $22 a month, depending on the state and the coverage level selected. A price for a specific rental location is available by phone on (800) 319-1390.

Can a policy start the same day it is purchased?

No. The earliest available start date is 12:01 AM Central on the day after purchase, and the fulfillment document confirms the effective date of coverage.

What is the eDeposit security deposit alternative?

It is an alternative to a traditional security deposit, bought for a one-time, non-refundable fee. Residents may choose either option, and both satisfy the security deposit requirement in the lease. It is only offered at participating locations.

Does a resident still owe for damage above the deposit amount?

Yes. To the extent the community requires it, the resident remains responsible for damage exceeding the security deposit amount, and for other fees or charges assessed at move-out. A processing fee, usually $5, may be included in the purchase.

Is renters insurance needed when the landlord already has cover?

Yes. The landlord's policy covers the building, not a resident's belongings, and a resident who damages the rental or other property may be liable for the repairs. Many communities require liability coverage as a condition of residency.

Tenant programs

ePremium Insurance Agency

ePremium Insurance Agency, LLC is an insurance agency in Mason, Ohio that specializes in renters insurance for multifamily and single-family rental properties. It works through property management companies, which offer its policies to residents as the way to satisfy a lease's insurance requirement, and it says it has partnered with thousands of management companies.

The agency procures policies from national carriers with coverage enhancements aimed at the damage patterns common at rental properties, and residents at partnered communities are pre-qualified for a preferred partner group rate. Enrollment is online by ZIP code or by phone. Coverage does not start the same day: the earliest effective date is 12:01 AM Central on the day after purchase, which matters when a lease starts immediately.

Alongside renters insurance the agency distributes eDeposit, a security deposit alternative provided by ePremium Services, LLC under the RentersPLUS program. It is bought for a one-time, non-refundable fee in place of a traditional deposit, is available only at participating locations, and requires the resident to hold a qualifying renters or renter liability policy through the agency first. Other products sold through partners include auto insurance, an auto warranty, jewelry cover through Jewelers Mutual, device protection through bolt, term life, and final expense insurance.

The agency is an Ohio limited liability company and a licensed insurance producer in all states, with NPN 9925625, California license OG66570, and Texas license 1549460, operating from 4605 Duke Drive in Mason. Service hours are Monday to Friday, 8am to 8pm Eastern, on (800) 319-1390. An eDeposit certificate stays in force for a maximum of five years and may lapse if the community is sold or changes management, so confirm how that is handled in your own program.

Best for

Multifamily and single-family operators who want a renters insurance program their residents enroll in directly, with a deposit alternative attached. Operators who need the deposit alternative to stand alone should note it requires a policy first.

What they do

Renters insurance for multifamily and single-family rentals
Resident liability coverage for lease compliance
eDeposit security deposit alternative
RentersPLUS program for partnered communities
Proof of coverage upload for residents
Auto insurance and auto warranty programs
Jewelry insurance through Jewelers Mutual
Term life and final expense insurance

Details

Attribute	Value
Licenses	NPN 9925625, CA license #OG66570, TX license #1549460
How they charge	Renters policies average $11 to $22 per month depending on state and coverage level; eDeposit is a one-time, non-refundable fee.

What stands out

A licensed insurance producer in all states, NPN 9925625, operating from Mason, Ohio.
Renters policies average $11 to $22 a month depending on the state and coverage level selected.
Coverage cannot begin the same day; the earliest effective date is 12:01 AM Central the day after purchase.
eDeposit protection stays in force for a maximum of five years and may end if the community is sold or changes management.
eDeposit requires no extra underwriting or screening once the community has approved the resident and a policy is in place.

Common questions

What does renters insurance through ePremium cost?: The agency says the average policy runs $11 to $22 a month, depending on the state and the coverage level selected. A price for a specific rental location is available by phone on (800) 319-1390.
Can a policy start the same day it is purchased?: No. The earliest available start date is 12:01 AM Central on the day after purchase, and the fulfillment document confirms the effective date of coverage.
What is the eDeposit security deposit alternative?: It is an alternative to a traditional security deposit, bought for a one-time, non-refundable fee. Residents may choose either option, and both satisfy the security deposit requirement in the lease. It is only offered at participating locations.
Does a resident still owe for damage above the deposit amount?: Yes. To the extent the community requires it, the resident remains responsible for damage exceeding the security deposit amount, and for other fees or charges assessed at move-out. A processing fee, usually $5, may be included in the purchase.
Is renters insurance needed when the landlord already has cover?: Yes. The landlord's policy covers the building, not a resident's belongings, and a resident who damages the rental or other property may be liable for the repairs. Many communities require liability coverage as a condition of residency.