1. 165 POINTS
    Eddie Arriola
    President and Agent, Bow Tie Financial Group,

    The companies that rent out their dwellings have landlord policies.  Those policies usually only cover damage to the structure from outside sources and not from the tenants.  If you're responsible for a stray candle or a stove fire which burns the house, condominium, or apartment complex down, you'll be sued to cover those damages.

    Renters insurance provides liability coverage for just that situation.  That liability coverage also protects you if someone gets hurt over at your place, if someone sues you because they think you said something wrong, or even if your animal attacks them.  Renters insurance is also the insurance that you would need should your personal property get stolen or damaged in a loss like fire.

    So yes, it is legal to require renters insurance in Arizona.  The good news is that it's not only a really good option to have, but it's also extremely affordable.  If you want, we can even draft up a quote for you.  Please reach out to us at www.insuranceeddie.com.  Thank you.
    Answered on March 13, 2014
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