Albuquerque is a small, picturesque city located in the heart of New Mexico. But with a population of just over a half million people and a growth rate approaching 25%, it won’t be small for long! The cost of living is generally fairly low – the median home value in Albuquerque is $181,400, and considering the average wage, it makes financial sense to rent. One of the things you’ll encounter when trying to rent an apartment is that Albuquerque renters insurance is required by the vast majority of property management companies and landlords in the area. One of the many reasons for this is that since Albuquerque is so far from other major cities, people often travel for several days at a time. When people are away from their homes, risk is considered to be higher. Everything from fire to vandalism to plumbing leaks can happen when you’re away for an extended period of time.
Albuquerque Renters Insurance: Local Concerns
Although scorpions are not a covered peril, nearly any other risk you might encounter is! Albuquerque renters insurance is written on the “broad form,” meaning that the named perils are quite broad. Check out our video and post to find out exactly what renters insurance covers.
Because of the time people spend away from home and the inherently higher risk locally, it’s important to have Albuquerque renters insurance. It’s bad enough to get a call from your neighbor telling you there’s been a fire while you’re out of town, but it’s even worse to get the call and know that everything, except for what you took with you, is lost.
Do I Need Renters Insurance?
You need renters insurance wherever you happen to live. One of the great things about a policy is that liability coverage follows you wherever you go, and personal property coverage applies to your things wherever they happen to be. New Mexico Renters Insurance can be complicated, so it’s important to work with experts who have the answers you need.
Effective Coverage provides renters insurance in Albuquerque, across New Mexico, and nationwide. Call (800)892-4308 today or click above for a free online renters insurance quote. You’ll be glad you did.