When looking for renters insurance in Peoria, AZ, most renters want to know what it covers. What coverage renters get will depend on the exact policy they purchase from their renters insurance agency. To give you a general idea of what is covered, we will talk about a standard policy.
Personal Property
When it comes to personal property, your standard policy issued by a renters insurance agency will reimburse you for the destruction or loss of personal items. To receive that reimbursement, though, it has to be due to a qualifying event. What qualifies is:
- Theft
- Fire
- Lighting
- Hail or windstorm
- Smoke
- Malicious mischief or vandalism
- Falling objects
- Volcanic eruptions
- Riots or other civil commotions
- Explosions
- Freezing of specific appliances or household systems
- Accidental discharge of steam or water from specific appliances or household systems
- Falling objects
- Damage from aircraft or vehicles
- Damage caused by the weight of sleet, ice, or snow
Loss of Use or Additional Living Costs
If you can’t stay in your residence due to an event covered under your renters insurance in Peoria, AZ, they will cover the cost of any additional living expenses. They will only cover these costs during the repairs. Extra fees cover anything you wouldn’t usually pay if you were still living at home, including hotels, meals, and more.
Liability Coverage
This protects you if you are sued by somebody who was injured at the place you are renting. This portion covers property damage and bodily injury incurred by others. It also covers any damage you accidentally do to somebody else.
Medical Coverage
This one is similar to liability, as it pays out if somebody is injured on your property. The difference is the medical payments are paid regardless of who is at fault for the injury. Liability only pays if you are the one responsible.
