Thanks for stopping by to review our Chandler, AZ Renters Insurance Guide. We’re happy to share information on renters insurance in Chandler. If, however, you’re looking for the episode of a certain popular TV series that features Chandler, renters insurance, and Dr. Gellar, you might want to go here instead. But since we know you’re actually here looking for information on renters insurance in Chandler, AZ, you’ve come to the right place. Arizona Renters Insurance isn’t complicated, but many people don’t have much experience with it.
Chandler, AZ Renters Insurance
How Much Does Chandler, AZ Renters Insurance Cost?
For most people, Chandler, AZ renters insurance comes in at about fifteen dollars a month, in line with both the state and national averages. One thing to note however, is that renters insurance in Arizona can be impacted by external factors like an insurance score. In reality, however, if you’re a good credit risk for an apartment, Arizona Renters Insurance won’t be expensive.
Even if it went up by fifty percent because of your credit-based insurance score or past claims, that would bring you up to around $22.50 per month. That’s still pocket change, really, and you can often bring that cost down some by paying for six months or twelve months at a time.
Paying in advance also eliminates the number one reason claims get denied, non-payment cancellation. Because you pay in advance, you’re not worried about the check arriving on time or whether your spouse remembered to pay that particular bill in a timely manner. That leaves you free to live your life and know that you’re covered and that your family is protected the way they deserve to be.
Did Chandler Have Renters Insurance On Friends?
When he lived with Joey, no. When he moved in with Monica, he convinced her it was a good idea to have, though.
What Does Renters Insurance In Chandler Protect Me From?
There’s a long list of perils covered under renters insurance, but here are some of the ones that we see claims under most often:
- Fire: It doesn’t have to be your fire, it could be your neighbor’s fire. The impact is still there on your personal property and your ability to use the apartment.
- Smoke: Again, it could be smoke from almost any source, with industrial smoke as one notable exception. If your neighbor across the street has a fire, and your windows are open and the smoke damages your property, there could be coverage for that even though the fire didn’t directly impact you. That’s why smoke is listed as a separate peril from fire.
- Water: Whether it’s from a broken pipe or the water used to put out a fire in your building, it can cause serious damage to your personal property, especially to electronics. Water damage is generally covered.
- Theft: This includes theft from a vehicle, as long as you’ve used due care to secure the item, such as locking your doors and not leaving a box of fifteen iPads on your front seat in plain view. It also includes theft from your home or robbery on the street, potentially.
- Vandalism or Malicious Mischief: This covers everything from run of the mill vandals, kids with nothing better to do than destroy property, all the way up to possibly extending coverage for angry former lovers with no sense of boundaries who break in and destroy everything they can get their hands on.
What Doesn’t Renters Insurance In Chandler Protect Me From?
There’s really very little that’s excluded, but in light of the above, there are a few that we should point out.
- Industrial smoke: If you live next door to a coal fired power plant, there’s not much to be done about that. More importantly, you moved in knowing that the risk and the hazard were both present and you chose to live there anyway. That’s the sort of long term damage that renters insurance isn’t designed to cover.
- Long term water leaks: If you knew or should have known, for instance, that your window air conditioner was leaking, you should have mitigated the loss as soon as you were aware. That would prevent a claim from being necessary in the first place. Long term or repeated seepage isn’t covered, and the same concept extends to mold that results from it. If you see mold, have maintenance fix the leak, and then immediately remediate the mold, there could be some coverage. The problem comes in when you know it’s occurring and do nothing to stop it.
- Intentional acts: If you take an action and know or should have known that it was likely to result in bodily injury or property damage to someone else, there’s not going to be coverage for that. Why? Because renters insurance covers liability for your negligent acts, not for intentional acts of the insured. Insuring against intentional acts would create a moral hazard because you’d be willing to do things you shouldn’t do because you know there’s coverage. It’s worth noting, however, that children are covered under renters insurance, generally up to at least age 13, whether or not they knew the results their action would incur. That’s because children of that age generally are understood not to have the capacity for negligence, for lack of understanding serious consequences beyond “I’ll be punished.”
- Flood: Water moving along the ground, such as a flash flood or a river that overflowed its banks, is not covered. This is standard for all renters and homeowners policies nationwide. Water damage in general, however, is still covered, outside of floods.
While your policy document holds the ultimate answers, this overview should give you a good idea what’s covered and what’s not. Chandler renters insurance isn’t that complex, and if you want to know more about how the endorsements and policy fit together to offer, carve out, and carve back certain types of coverage, that’s why you work with the insurance experts at Effective Coverage.
Are My Roommates Covered Under My Renters Insurance?
That depends on the answers to two questions. First, are you related to them? If so, the answer is yes and you need not proceed. If you and your brother have an apartment together, he’s also covered under your policy because he’s a “resident relative,” which means he falls under the definition of “named insured.”
On the other hand, if it’s renters insurance for roommates or a partner who needs renters insurance coverage, then you need to look a little closer. Generally the right thing to do is to have everyone have a policy of their own, though in some cases you can add them as a named insured or endorse them on for a few dollars extra.
Your renters insurance expert at Effective Coverage can give you more information on the best way to cover everyone in your household, and if you even need to be concerned about it. One five minute phone call can get you the protection and peace of mind that you deserve, after a conversation with a staff member who’s passionate about insurance. Many of our renters insurance experts can recite the salient parts of an HO-4 policy form and a few endorsement from memory, that’s how much we live and breathe the topic.
Renting In Chandler, AZ
Renting in Maricopa County isn’t difficult, but there are a few things you should know before you go apartment hunting. Chandler is a city of about 250,000 residents in Maricopa County, AZ, and a major suburb of Phoenix. Many people live in Chandler and commute to work or school in Phoenix, and this has increased property values in the outlying community. What it hasn’t done, however, is increase rents. The median gross rent for Chandler still hovers around $1,100 a month, which is a steal for the area – especially if you have a roommate. One roommate would bring your share down to a median of $550 a month, which is far less than many areas of the country, even the less desirable ones.
While Chandler has many industries aside from “being a suburb of Phoenix,” and is a city in its own right, two of the major employers in town are Intel and Orbital Sciences Corporation. Orbital is a great company to work for, and competition can be high, even after their poorly considered decision to use forty year old Soviet engines. They’ve since realized the error of their ways, and the facility in Chandler is even busier now than it was, with work on a an improved engine well underway.
Chandler is a rare city, in that it’s reached its physical borders and doesn’t really have anywhere to expand outward. The Gila River Indian Community, Tempe, Mesa, Gilbert, and the City of Phoenix all surround Chandler. That’s forcing some reconsideration in the planning commission, with an expectation of building up, rather than outwards, in the future. This is likely to lead to taller buildings and the replacement of existing buildings. That will lead to more jobs in the trades and construction, which is always good for a city. Anything that leads to the sorts of jobs that can become careers or simply pay one’s way through school is always positive.
The median household income in Chandler is $70,460 and the median family income is $81,720. With rents hovering in the $1,100 a month range, the cost of living is somewhat lower than the median incomes might lead one to expect. One of the reasons for Chandler’s outward expansion that was thwarted by geographical boundaries is single family homes purchased by families with those higher incomes. That actually has eased the rental market somewhat, and increased the vacancy rate slightly which makes it easier to find an apartment in Chandler.
It’s easy to find an apartment here, and it’s a great place to live. Make sure you protect your new home with Chandler, AZ renters insurance from the experts at Effective Coverage!