Mesa, AZ is a Phoenix suburb and has been named one of the top places to live. It is 5% less expensive than the average city in the U.S. About 40% of residents rent the dwelling they live in. You may wonder why you should have renters insurance if you don’t own the building you live in. At Precision Insurance Team in Mesa, AZ, our experienced team provides world-class service and many carriers to choose from.
Does my landlord have insurance on my unit?
Yes, your landlord is likely to have insurance on your unit, but not on you or your possessions. That leaves you out in the cold if there is a fire, theft, or other covered peril affecting your unit.
Does rental insurance protect my computer if it’s in my car?
Yes, your renter’s insurance does cover your possessions even if you are traveling with them away from home. But it won’t cover any damage done to your vehicle to gain entry. Never leave valuables visible to thieves in your vehicle.
What protection does renters insurance provide?
Renters insurance offers several valuable protections:
- Personal property – you have two options with this coverage, replacement cost or actual value. It will provide reimbursement for items you lose, like clothes, furniture, and electronics. Some categories have a cap on the amount paid to you.
- Liability coverage – protects you and your family member against legal action and medical bills if someone is injured while visiting your rental. It also protects against injury from a family member away from home.
- Loss of use – helps pay for a place to stay when your unit is not habitable.
Why do I need liability insurance as a renter?
If you have any assets, you are in danger of being sued and forced to pay medical bills and legal expenses.
Contact Precision Insurance Team in Mesa, AZ with all your renter’s insurance needs.