Do You Need It?
This is a good question to ask because if you do not need it you do not need to pay for it. There are benefits to having renters insurance, especially if you are a student or renting a nicer place. Most of the time, the real answer to do you need it is yes. Yes, you will want renters insurance, especially if you are renting for the long term.
The State of Arizona does not require you to have renters insurance when you are renting. This is nice if you want to take the risk and not pay for renters insurance. You can get by without renters insurance just fine but you run the risk of losing possessions to theft or damage.
Basically, you will want renters insurance. It helps give you peace of mind if something does happen to your possessions. It allows you to have coverage and a team of professionals on your side.
Long Term vs Short Term AZ Renters Insurance
Yes, there is such a thing as short-term renters insurance. This is a pay-by-day option that is perfect if you are traveling. Usually, the policies cover just the part that you are renting, so a single room or the whole house. This is a great option if you do not want your stuff stolen but it does while you are on vacation.
Long-term renters insurance is anything over a month. So if you are staying in a rental for a semester or a year-long contract, it is considered long-term. There are different prices for the long term versus short term so ask your insurance professional what the differences are in pricing. This way you know you are getting the best price.
Finding The Best Option
Depending on what city you plan on living in, your monthly insurance could be more expensive than in a smaller city. This is something you may want to play around with if you can move to a smaller city. You will have to weigh the options of commuting and amenities but it is something to consider.
Another option that could be the best fit for you is to bundle your insurance packages. If you are paying for your car or auto insurance, see if you can bundle them. This allows you to combine the two and it also means you get extra cash in your pocket. Although it may not be a lot of money, any extra money at the end of the month is a good thing.
If you are curious about how to bundle your insurance packages, give your insurance agent or broker a call. They can help point you in the right direction. If you do not have an insurance agent or broker, feel free to call us at IPA. We would love to answer your questions about bundling AZ renters insurance.
Not every renter’s insurance package is going to be the same. The same is true for how much each insurance package costs as well. Luckily in Arizona, the average for renters insurance is about 120 dollars per month. Each package will vary and some may be higher depending on what you want in your AZ renters insurance package.
The good thing is that getting an insurance broker will help you make sure you are getting the best price. At Insurance Professionals of Arizona (IPA) our professional staff will look at all of the available options and make sure you are getting the best price for your needs.
There may be odd situations where you have something that is very valuable or different assets that you need to be insured. Working with a professional broker will make this easier. It also allows you to not stress so much about all of the details.
Make Changes When Needed
There are a lot of different situations where you need to make changes to your AZ renters insurance. If you are a college student you may be moving a lot every year. This is normal for college students but you will need to contact your insurance broker. Your broker will be able to point you in the right direction. They will let you know if you need to make another call or if you do not need to make any changes and just need to update your address.
If you are not a college student and moving, it is time to give your insurance company or broker a call. They will know who you need to contact to start the process of changing your insurance plan. The sooner you start the process the easier it will be with you. There is nothing worse than paying for something that you do not need, so plan ahead by switching your insurance plan.
Talking to your broker is another good way to see if you even need to change your plan. If you do not, that is one less headache that you have to deal with. If you do need to change your plan, keep in contact with your broker to know what is going on.
Ready to find AZ renters insurance? Give Insurance Professionals of Arizona a call to find the right package for you and your renting needs.