Tatum Insurance LLC is an independent insurance agency based in Scottsdale, Arizona. We sell a variety of insurance policies from multiple service providers. At Tatum Insurance, our team of skilled professionals will help you find the right renter’s insurance for your needs and lifestyle. We will ensure that you enjoy value for your money.
We will elaborate on the complexities of renter’s insurance into simple, understandable terms to help you make smart decisions. Whatever you need we have it; whether it is a claim or a billing concern, or you just need to change your cover.
Tatum insurance LLC seeks to help all renters feel protected from risks and dangers they may not even know they have? Thus, we give you a Renter’s Insurance.
What’s a Renter’s Insurance?
Do you have a landlord? If you do, you are a renter, also called a tenant. Anyone who does not own the place they live in is a renter.
As a renter, you know that your landlord, most likely, has an insurance policy. But the sad truth is that this insurance policy only covers the property that you live in. It does not include anything which belongs to you as the renter.
You are on your own, particularly when an unexpected loss occurs.
This is where a renter’s Insurance coverage comes handy. Designed around the needs of tenants, renter’s insurance is a policy that covers tenants, their belongings, and potential liabilities that may occur on the property in which they live in, while they are living in it.
Who Needs Renters Insurance?
The shortest answer is a renter or a tenant. All tenants need renter’s insurance coverage. It is probably not a requirement that you must have renter’s insurance, but should you? If you rent, yes, you should, especially if you are in the following categories:
- Tenants in most types of rental housing
- Tenants in apartments
- College students living in dorms rooms
- College students living off-campus in rental house or apartment
- Renters in high-crime areas
- All renters in disaster-prone areas
- Renters in senior living complexes
- Pet owners
- Seniors renting in an assisted living rental
What is Covered by Renter’s Insurance?
Also known as home and contents insurance, a renter’s insurance covers all your house-belongings in case of damage or theft. It also provides protection in the event of an injury to another person that occurs on, or in your rental property.
Simply put, you are protected from unexpected accidents in your rental home including:
- Financial compensation for lost property in cases of vandalism and fire or other natural disasters.
- Additional living expenses such as hotel accommodation and restaurant meals in the event that your rental home isn’t livable after a disaster.
- Personal liability (no-fault medical coverage) such as medical bills for injuries, which occur while on your rental property.
- Lawyer’s fee or settlements in the event of an injury that occurs while you are on your rental property and you need the services of an attorney.
Personal property coverage is also called Chattel.
Here is a point to note:
Personal property is classified as any renter’s property that is unattached to a building in the real estate level or structure. A Renters Insurance Policy covers theft and personal property classified as personal possessions such as:
- Electronic appliances
- Fine art and collectibles
- Jewelry and watches
- Drapes and linen
- Sporting equipment
These personal properties are the standard items covered under a typical renter’s policy. Your particular policy may not cover all of these items, though. If your policy does not list items in your coverage, then you should not assume that it is covered.
What your specific policy covers largely depends on the type and amount of coverage you have. Renter’s insurance may vary, which makes it important to ensure you are choosing Tatum insurance, we offer the best coverage for your needs.
Tatum Insurance LLC conducted extensive research on what tenants need and want out of their Renter’s Insurance policy. We know that as a renter, you are bound to specific needs far much different from apartment complex owners or homeowners.
We acknowledge, therefore, that you need a particular insurance policy that addresses those needs, without extra add-ons that do not benefit or consider you. As experts of Renter’s Insurance, Tatum Insurance LLC provides you the best insurance protection at an affordable rate.
Where Can You Find Us?
You can visit our headquarters in Scottsdale, AZ, to find out more. Alternatively, you can visit our office locations Norman, OK, and Dallas, TX., or you can complete our online quote to get started today.