Tucson is 51.8% owner-occupied, so nearly half of its 228,020 households rent. Most buy whatever satisfies the leasing office, which is a figure chosen to protect the building owner.
A lease minimum is the landlord’s requirement. It is not a calculation of what you need.
Three things about buying a policy because somebody told you to.
A lease that demands a hundred thousand dollars of liability chose that number to cover damage to the building. It says nothing about your belongings, nothing about where you would live if the unit burned, and nothing about a claim larger than the building repair. Meeting the requirement and being adequately insured are two different exercises.
Policies sold purely to satisfy a leasing office often settle contents at depreciated value, which on several years of furniture and clothing is a fraction of replacement. The premium difference to replacement cost is small and it is the single most worthwhile upgrade on a renters policy.
Where a leasing office is named as an interested party, they receive notice of cancellation. That is reasonable, and it means a policy allowed to lapse becomes a lease problem as well as an insurance one.
The difference between compliant and adequate.
The upgrade that matters most and costs least on this product.
Raising it is usually a few dollars a year and it is the part that faces a real claim.
Set up correctly so the leasing office is satisfied without surprises.
Send what the lease requires. We will quote that and tell you what we would actually carry.
We satisfy the lease and then tell you where it leaves you short.
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