Renters Insurance in Arizona
Your belongings are important to you, so you should ensure that you're protected. If you live in a rental property in Arizona, now is a great time to consider renters insurance. Freedom Insurance Agency can help you find a policy that's right for you.
Do I Need Renters Insurance in Arizona?
You're not mandated by law to carry renters’ insurance in Arizona. However, landlords are permitted to require renters’ insurance coverage in terms of your lease, even for a building you already live in.
Beyond that, renters’ insurance can provide you with valuable protection. While your landlord is responsible for the building you live in, they're not responsible for your personal items. If your clothing, electronics, or other belongings are stolen, damaged, or destroyed, a renters insurance policy will help cover your losses.
What's Covered by a Renters Insurance Policy?
Renters insurance protects your personal property from theft, water damage, fire, and some natural disasters. If your belongings are damaged or destroyed, you'll receive a payout to help cover the replacement cost. Some of the personal belongings protected by renters’ insurance include:
- Tools and power equipment
- Medical supplies
In addition, renters’ insurance protects you from personal liability for accidents that occur in your rental. This could include medical payments for an injured visitor or unintentional damage to your property or a neighbor's property.
In Arizona, renters’ insurance can include "Loss of Use" coverage. This means that you'll be reimbursed for the cost of any increase in your living expenses if you're required to vacate your rental unit for repairs.
Freedom Insurance Agency will help you build a suitable renters insurance policy in Gilbert, AZ. While you may not be familiar with renters' coverage, we're here to answer your questions and give you the necessary information. Give us a call today to get a free, no-obligation quote!