Need Renters Insurance In Scottsdale, AZ?

Tatum Insurance LLC is an independent insurance agency which provides renters insurance services in Scottsdale, Arizona. As such, we offer unbiased advice because we represent multiple carriers. Our team of experts will explain complex insurance terms in simple language that you understand.

We simplify the buying process for you and answer your questions while clarifying the grey areas. Tatum Insurance LLC follows best practices to make sure that you are adequately covered while saving you money.

Why You Need Renters Insurance In Scottsdale

When it comes to renters insurance, there are two main myths about it. The first myth is that tenant insurance is not needed. The second myth is that it is too expensive, nothing could be further from the truth.

Renting a house without renters insurance is a huge gamble because you can never predict the future. In the event of a life-changing occurrence such as a fire or theft, you could be faced by hefty costs associated with replacing your personal belongings.

Moreover, you could find yourself in a lawsuit for an accident, which you might be held legally responsible. This may have happened in your residence or somewhere else. In most cases, you can protect your valuables for less than a couple of hundred dollars a year.

What Is Covered By Renters Insurance?

When you rent an apartment, the responsibility for maintaining the property belongs to your landlord which includes insurance for the structure. However, the landlord’s insurance does not cover the tenant’s valuables.

For your belongings to be protected by insurance in the rented property, you will need a renters insurance policy. Renters insurance protects you by offering the following coverage:

• Personal Property Damage
• Liability Coverage
• Additional Living Expenses(ALE)

Personal Property Damage

If unfortunately your personal belongings are destroyed or damaged in a covered peril, your renters insurance pays for the property. However, the cost to repair or restore your valuables is determined by set limits in your policy.

A covered peril is an event that causes loss, and it is listed in your policy. Some of these events may include:

• Vandalism
• Theft
• Fire
• Lightning
• Wind
• Hailstorms
• Smoke Damage
• Explosions
• Water Damage
• Mold
• Volcanic Eruptions
• Falling Objects
• Snow

Liability Coverage

Liability coverage protects you from medical bills and lawsuits which may occur as a result of an accident which happens to a guest in your apartment. For instance, you may be hosting a party, and unfortunately, a guest trips on the stairs and fractures an arm. If the victim takes you to court for the injury, this policy will pay for your defense.

Additional Living Expenses (ALE)

Additional living expenses (ALE) coverage is part of your renters insurance policy. It helps to pay for the extra cost which you may incur when your home becomes uninhabitable due to a covered peril.

For example, when a windstorm or fire damages your house, and you have to find temporary shelter while it is being repaired.

Additional living expenses coverage includes:

• Extra MileageAccommodation
• Storage Fees
• Laundry
• Pet Boarding
• Restaurant Meals
• Displacement Cost or Moving
• Furniture Rental

It should be noted that an assessment will always be done to find out how claimed cost compare to the usual price of the policyholder’s lifestyle. ALE is meant to pay for the price difference between what you would normally pay and what you are paying away from your home.

The Tatum Insurance main office is located in Scottsdale, Arizona. We are here to educate the members of the Scottsdale community about the benefits of renters insurance. Our team of professionals will help you in the buying process. We will ensure that you find a suitable policy to provide adequate coverage and save you money.