Find the Best Renters Insurance in Tucson, AZ

How to choose rental insurance in Tucson

Renters insurance is critical because a landlord’s insurance usually doesn’t extend to a renter’s belongings. Some landlords will require their tenants to have renters insurance, but otherwise, it’s up to you if you opt for coverage and how much you choose to purchase.

Renters insurance safeguards renters against financial loss resulting from things like theft. In Tucson, crime rates are 77 percent higher than the state average and 121 percent higher than the national average.

What does renters insurance cover in Tucson?

A typical renters insurance policy will cover:

• Personal property: Most policies offer coverage for your belongings when events out of your control occur, such as theft, power surges, water damage, fire and vandalism.
• Liability: Liability coverage will pay for bodily injury and property damage caused by negligence.
• Living expenses: If you must leave your home after a covered event, your renter’s insurance will pay for your increased cost of living.

Levels of personal property coverage vary. After a covered event, some plans will provide you with the actual cash value of the item, and others will provide the full replacement cost. Actual cash value is the depreciated value of what the item was worth before the covered event, but replacement cost is what you will have to pay to buy a new version of the item. Replacement policies will cost more but offer increased protection.

Also, your insurance company may offer additional coverage to protect you against things like financial fraud attempts or medical bills, regardless of who is at fault.

Renters insurance policies in Tucson usually won’t cover damage from floods, earthquakes and mudslides. Likewise, expensive items, like an engagement ring or customized computer, will only be covered up to a limit set by your insurance company. If you own valuable items like these, you should consider purchasing extended coverage, often referred to as a rider or floater policy.

How much does renters insurance cost in Tucson?

The national average cost of renter’s insurance is $15 per month. Renters in Tucson can expect to pay between $12 and $16, depending on the neighborhood and coverage limits. Several factors influence the cost of renters insurance including:

• How much total coverage you need
• The amount of your deductible
• Coverage type (cash value or replacement cost)
• Your neighborhood

In Tucson, Feldman’s, North University and Jefferson Park have a high concentration of rental apartments with affordable rates for renters insurance.

Most companies offer discounts when you bundle two insurance policies with them, such as your car and renters insurance, or if your apartment has safety features like deadbolt locks and smoke detectors.