In-Full Payment
If you pay in full for your renters insurance, the entire cost of the policy will be drawn from your card upon add-on. There will be no recurring charges.
Monthly Payments
If you are on a monthly payment schedule* for a renters insurance policy from Rhino, you will be charged for your first month immediately when you complete enrollment with Rhino or add renters insurance to your existing policy.
For the second, and all recurring payments, you will be charged according to the following schedule:
Policies purchased on or after August 30th, 2022:
You will be charged automatically 15 days from the original policy purchase date on the card used to complete enrollment. This will be the date you will be charged every month thereafter.
For example, if you purchase renters insurance on March 20th, the first charge will happen immediately. The recurring auto-charge will be initiated on the 4th of each following month. If any payment issues come up, the renter will have between the charge date (the 4th), and the purchase date (the 20th) to resolve it. If payment is not resolved by the purchase date, the policy will expire. Be sure to check your email to see notifications about payment failures and policy expiration.
Policies purchased before August 30th, 2022:
You will be charged automatically 25 days from the original policy purchase date on the card used to complete enrollment. This will be the date you will be charged every month thereafter.
For example, if you purchase renters insurance on March 20th, the first charge will happen immediately. The recurring auto-charge will be initiated on the 14th of each following month. If any payment issues come up, the renter will have between the charge date (the 14th), and the purchase date (the 20th) to resolve it. If payment is not resolved by the purchase date, the policy will expire. Be sure to check your email to see notifications about payment failures and policy expiration.
Payment schedule if you add renters insurance at enrollment:
Add renters insurance at check-out to purchase both security deposit insurance and renters insurance.
If you are on a monthly payment schedule* for security deposit insurance, then your card on file will automatically be charged monthly for renters insurance.
If you are paying for your security deposit insurance in full, then you will be automatically charged in full for renters insurance.
Payment schedule if you add renters insurance to your existing Rhino security deposit insurance policy:
Visit your Renter Dashboard and click "See pricing" under "Get renters insurance", or navigate to the My Policies tab and click “Get covered now" under “Need renters insurance?”
Get your personalized quote by answering a couple of questions.
You will either pay in full or be charged monthly, depending on the payment cadence for your security deposit insurance*.
If you are on a monthly payment schedule for your renters insurance policy, the monthly rate includes a $1 fee.