Why do some apartment complexes require tenants to have renters insurance?

Owners of apartment complexes buy insurance policies for their liability in order to cover their buildings and personal property. However, these policies do not cover any of the tenant’s property or liability. By requiring their tenants to have renters insurance, the apartment owner is assured that the tenants will not mistakenly believe the apartment complex [...]

How does a renters insurance policy protect my personal property?

A renters insurance policy provides named perils coverage. This means that the policy only pays when your property is damaged or destroyed by any of the ways specifically described in the policy. These usually include: Fire or lightning Windstorm or hail Explosions Riots Aircraft Vehicles Smoke Vandalism or malicious mischief Theft Falling objects Weight of [...]

Why would I want to buy renters insurance?

If you live in an apartment or a rented house, renters insurance provides important coverage for you and your possessions in Scottsdale, AZ. A standard renters insurance policy protects your personal property in many cases of theft or damage, and may pay for temporary living expenses if your rental is damaged. It can also shield [...]

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