Why Do I Need Phoenix, AZ Renters Insurance?
Phoenix, AZ renters insurance is a great way to protect yourself. Whether you have a sudden water leak because your air conditioner got overwhelmed, or there’s a theft issue, or someone falls on your sidewalk that you’re supposed to be responsible for, you have protection. Arizona Renters Insurance provides personal property and liability coverage to protect your stuff and yourself.
What Else Does Renters Insurance In Phoenix Do For Me?
We’re glad you asked! You’ll find that, in addition to personal property coverage and liability protection, you’re also covered against medical payments to others and loss of use. Medical payments to others is a small no-fault coverage so that if someone is injured on your property it can be taken care of quickly if the injury doesn’t rise to the level of a liability claim.
Loss of use is another benefit in your Phoenix, AZ renters insurance policy. If you lose the use of your home on a temporary basis due to a covered loss such as a fire, loss of use coverage makes sure you have a place to stay and pays for your additional living expenses.
Do I Really Need All That Coverage?
Yes! Some people think that $100,000 of $300,000 of liability sounds like quite a bit of money. It may be, but it’s certainly an amount that you could easily be sued for if you negligently started a fire that damaged the apartments and caused bodily injury, for example.
Base coverage on personal property is $15,000 and that’s probably the minimum that anyone should ever have. Remember that you get renters insurance replacement cost on your policy. Even if your things are old and didn’t cost much, replacement cost means that you get the chance to replace them with new items of like kind and quality. That means that after a fire, you’re shopping in a store, not at the thrift store. That’s important and speeds up the recovery of your life.
Who Do I Call For Phoenix, AZ Renters Insurance?
Effective Coverage has been helping renters meet their insurance needs for years. We understand the needs of renters and the types of coverage that are important. With one five-minute phone call, you can get the coverage you need, as well as proof of coverage for your landlord, and the peace of mind you deserve, all at the right price!
Renting In Phoenix, AZ
Renting in Phoenix, AZ is not too difficult, but remember that as the capital of Arizona, it has quite a few people renting. That tends to tighten up the market a bit, especially in busy times like government intern season. Phoenix is a beautiful city, and the rental market can actually be kind of fun to navigate if you do it correctly and use the right resources.
1.5 million people live in Phoenix, making it roughly the size of Philadelphia, PA. This leads to great cultural opportunities and varied neighbors. Phoenix is a multicultural city with diversity that rivals anywhere else in America. The metropolitan area, the Valley of the Sun, is the 13th largest metro area by population in the US, which about four million people call home. It’s also the county seat and one of the largest cities in the US by sheer land area.
The Phoenix metro area has grown in population by nearly 4% a year. This is good for the city, obviously, although it tightens up the rental market a bit. On the other hand, more people in the risk pool helps to make Phoenix, AZ renters insurance a little bit cheaper than the national average. That’s good news for renters in Phoenix!
Phoenix has been growing ever since it was settled in 1867 as an agricultural outpost. At the meeting of the Salt and Gila rivers, it was a natural place for agriculture and thus a city to grow up. In the northeastern part of the Sonora desert, those rivers were important not only for the fertile river deltas, but also for the water they brought to an area that didn’t have much to begin with. In addition to agriculture, some of the major forces behind the economy remained until after the wars, when high tech industries began to take over. Today, Phoenix is often referred to as “Silicon Valley’s Little Brother.”
There are only five cities in the United States with larger populations than Phoenix, which allows for some great things to happen here. You get the best of the culture and entertainment of a world class, cosmopolitan city, without the troubles of living somewhere like New York or Los Angeles. You even have easy access to those places and the rest of the world with flights daily from Sky Harbor Airport to nearly anywhere else you could want to go.
Since Phoenix is technically in a desert, you might expect huge temperature fluctuations. That’s not the case, because Phoenix is a large enough city to hold in most of the heat at night. Structures retain the heat and slowly release it over the course of the evening, ensuring that the city stays warm and comfortable.
Phoenix was hit hard by the sub-prime mortgage crisis, but it bounced back. If anything, the mortgage crisis actually allowed for additional rental stock to become available, because investors bought some of the houses that were lost in the crisis. While a painful period, this has helped to make Phoenix what it is today, a great place to live with a vibrant rental market.
No matter where you live in the city, you still need Phoenix, AZ renters insurance and the best way to get that is by calling Effective Coverage for a five minute quote! Effective Coverage knows how to match you and a policy to get the best coverage and the best price, and our core values include efficiency and education about what it is you’re buying. No one works harder to make sure you understand the product you need and the product you’re buying.