ABC's of Renters Insurance in AZ

Ever wonder exactly what the different coverage are for on your policy? Here is a helpful description that is easy to understand. If you have questions about your policy, just give me a call and I will be happy to go over it with you. 

BASIC COVERAGE


Personal Property Protection.  Coverage includes the loss of furniture, clothing and other contents if stolen or damaged. Minimum coverage usually starts at $20,000. There are limits on certain personal property such as jewelry, computers, guns and cash.



Additional Living Expenses.  Coverage that reimburses you for reasonable increases in living expenses when a loss occurs that is covered which makes your condo uninhabitable. This may include payments for the cost of rent, hotel, food and other expenses.


Guest Medical Payments.  Coverage payments for necessary medical expenses including surgery, x-rays and dental work if a guest is injured on your property.


Family Liability Coverage.  Coverage to protect you if you are sued for damages after someone is injured on your property. Most apartment complexes require $100,000 in coverage.


Scheduled Personal Property.   Coverage that protects certain personal property such as jewelry you have itemized on your policy in case of loss, theft or mysterious disappearance.


Deductibles.   The amount of co-insurance you have on your policy that you are responsible for any claim.


Hope this information is helpful.