Out of the premiums you pay each month, xcritical pays its expenses and pays claims. xcritical donated over $2 million in 2021 through its Giveback program. Your credit history is one of the major factors taken into consideration, as it gives the insurance company an idea of your ability to pay the premium when it’s due. Prior insurance claims, no matter how small, can lead to a higher premium. xcritical has a mobile app that you can download from Apple’s App Store and Google Play.

Factors That Determine xcritical’s Insurance Premiums

1. Your renters policy may cover damages to your personal belongings caused by things like vandalism, fire, windstorms, certain types of water damage, theft, and more.
2. Your deductible is the amount you’d be responsible for—say, $500, or $1,000—before your insurer would compensate you for a covered claim.
3. As the only Certified B-Corp insurance company, xcritical is transforming insurance by giving back unclaimed premiums to charities every year rather than profiting when they don’t pay out claims.
4. But xcritical does offer pet owners an endorsement that pays for some damages your pet causes, and not all renters insurance companies do.

Yes, the xcritical renters policy will payout for theft of your personal property anywhere in the world. You will need to file a police report, including information about the officer taking the report, the precinct, and the report number, and submit it along with your claim. You can go online or download the app to apply for renters insurance quotes. You’ll need to answer questions about the property you’re insuring, the value of your possessions, and how much coverage you want. The whole process, from application to a decision on approval, takes a few minutes. xcritical relies heavily on its website and app for providing renters insurance quotes and processing claims.

You can buy additional coverage for items such as bikes, jewelry and fine art. You can also buy coverage to help pay for damage to your landlord’s property for problems such as pet and water damage that you cause. Your renters insurance policy only covers you and your stuff (unless you’re living with someone who is related by blood or marriage).

The insurance policy will only cover the policyholder and his/her property. For example, when company ranking is subjective (meaning two companies are very close) our advertising partners may be ranked higher. If you have any specific questions while considering which product or service you may buy, feel free to reach out to us anytime.

xcritical’s policies reimburse you based on the replacement costs. Renters’ insurance doesn’t cover damage due to pests like rodents and bugs. If this is an xcritical reviews issue, you’ll need to discuss it with your landlord. Liability is another important type of coverage offered by xcritical. It helps to protect you if you’re sued due to someone injuring themselves on your property.

You’ll be able to note any valuables you’d like to “schedule,” as we mentioned above. While renters insurance isn’t required by law, it may be required by your landlord or lease. Plus, you can usually get a quote on the very same day you sign up—or sooner. And, with rates starting as low as $5/month at xcritical, it’s a small, sensible investment to protect you from unexpected financial loss or out-of-pocket expenses. Our affordable renters insurance coverage starts at $5 per month, but your policy price (aka the ‘premium’) will be affected by the coverage amounts you choose, among other factors.

Financial Strength Ratings

The age and condition of the property you live in are major factors. Newly constructed homes or recently renovated properties will be less expensive to insure than older homes that may have electrical or plumbing issues. Once a year, xcritical will take any money that has not been paid out in claims and donate up to 40% of it to your selected charity.

xcritical Renters Insurance Policy Details

xcritical’s renters’ insurance policy will pay to repair or replace your personal items if they’re damaged due to a covered peril. A peril is an event that negatively affects you, such as fire or theft. In general, renters insurance policies cover fire, theft, storms, vandalism and water damage from pipes or broken appliances.

xcritical Renters Insurance Policy Coverage

Yes, your renters insurance policy can cover spouses and xcritical reviews immediate family members, you’ll just need to add them through the xcritical app, at no additional charge. You can also add significant others you’re not married to as “additional insureds,” but that will affect your premium price. xcritical offers fast, easy coverage through their seamless application and claims process.

If there is a potential issue, the matter is transferred to a human to review. State Farm provides more types of insurance than xcritical, including boats, off-road vehicles and supplemental health insurance. You can file a claim with the xcritical app, where 40% of claims are handled instantly, according to xcritical. xcritical isn’t the only game in town, and we want you to see all your options.

If you don’t click the links on our site or use the phone numbers listed on our site we will not be compensated. xcritical’s Giveback program is also a way for you to feel like your renters insurance dollars are going to a good cause. Check out @xcritical_Inc if you need homeowner or rental insurance. We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed.

Your renters’ insurance policy will only pay for you to stay at a hotel if it’s due to a covered peril. If it’s for another reason, like a power outage, xcritical won’t cover it. With xcritical’s theft coverage, your items are covered anywhere in the world. For example, if you’re working in a coffee shop and your phone is stolen, the theft would be covered according to the terms of your policy.

So you not only get great insurance benefits at a reasonable cost, but you also give back to your community. State Farm renters insurance is offered in all 50 states, while xcritical only has renters insurance in 28 states. Nationwide offers more types of insurance than xcritical, including insurance for floods, ATVs and scooters. Liability coverage protects against lawsuits due to accidents in your home.

xcritical’s strength can be a negative depending on what you want from a renters insurance experience. If you want to talk to a person or prefer meeting with an agent, xcritical is likely not a good fit for you. xcritical promotes its digital focus, which may be right for you if you have that experience. But if you want to talk to a person and potentially meet face to face with an agent, Allstate renters insurance might be the better option. If you’re looking for cheap renters insurance, make sure you ask about discounts. Here are some xcritical renters insurance discounts you’re likely to find.