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Numerous renters within Mesa, AZ have realized that protecting their belongings means getting renters insurance instead of relying on their landlord’s policy. Due to this, you will be required to understand various attributes of renters insurance, from what it covers to the terms that each requires. Before settling for your cover, Precision Insurance Team details some tips to use when getting a renters policy.

Understand the Different Insurance Policies

Renters insurance comprises various policies, with some being content coverage and additional living expenses coverage. While the first option ensures that your personal belongings are protected when covered perils arise, the latter provides compensation when your home is deemed uninhabitable. With these differences in mind, make it a point to understand what each entails before signing up for any policy.

Be on the Lookout for Exclusions

Renters insurance will often have exclusions, meaning various types of emergencies will not be covered. If, for instance, you experience damage from flooding or earthquakes, you will likely need separate cover for these events. In addition to this, various personal possessions may also not be covered, with an example of this being expensive items like art and jewelry. To avoid any inconveniences, ask for the different exclusions that your renter’s policy comes with.

Ask For Discounts Where Possible

Discounts may be the last thing on your mind when getting renters insurance but they will come in handy when you need to get various policies at a go. Depending on your preferred choices, you can bundle your renter’s policy with other covers such as auto insurance. In addition to this, numerous policies may also come with discounts due to additional home security measures. Be on the lookout for such offers to ensure you get suitable coverage for the long term.

If you need renters insurance within Mesa, AZ, call Precision Insurance Team today. Our agents will guide you through different policies for your renting needs.

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. 

Mesa, AZ is located west of Phoenix. It is the second-largest city in the Phenix metro area and the third-largest in the state. It has a history that goes back more than 2000 years. Rental prices are among the lowest in the valley, making it an attractive option for those wanting an affordable home or apartment. Many renters wonder why they need renters insurance in Mesa, AZ. Doesn’t the landlord or management company have insurance? For answers to questions about renters insurance, the Precision Insurance Team is the one to talk to. 

You may wonder why you should have renters insurance since you don’t own the building. That is true, of course, and it is up to the landlord to protect their building, but you can benefit from the other types of coverage that a renters policy offers. 

Contents

Your rental contents belong to you, and your landlord’s insurance will not replace it. If you don’t have renters insurance, you will lose everything and replace it yourself out of your savings. Consider all the things you own, your furniture. Kitchen contents, clothes, and electronics. It is thousands of dollars of possessions. 

Liability

If someone is visiting you at your rental and is injured, they rightfully will expect you to pay for the medical cost associated with that injury. They may even sue you, and without insurance, this can be devastating. 

Loss of use

If your rental is damaged and you can’t live in it for a time, how will you pay for your accommodation? Renters insurance can help with that as well. It makes a bad situation less stressful. 

In Mesa, AZ, Precision Insurance Team is ready and available to speak to you about renters insurance benefits. Give us a call or stop into our office and let us give you a free quote for this valuable protection.