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8500 Menaul Blvd NE Ste B555
Albuquerque, NM 87112

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Renters Insurance Requirements for New Mexico and Arizona

In New Mexico and Arizona, a renters insurance policy is a good idea to have to help cover incidentals. Here’s what you need to know about renters insurance in both these states, and how J.B. Martin Insurance Agency can help.

Is Renters Insurance a Requirement?

No. Renters insurance is not a requirement in Arizona or New Mexico, but it’s a good type of insurance to have because it helps cover the cost of incidental damages, such as theft, water backup damage, and specific natural disasters. Although your landlord may have insurance coverage for their property, you will want to have a policy of your own to cover the instances your landlord’s policy does not.

What Does Renters Insurance Include?

When you have an active renters insurance policy, you will have coverage for your belongings for instances that include:

  • Smoke damage
  • Fire
  • Theft
  • Vandalism
  • Windstorm
  • Water damage
  • Guest injuries

Standard Renters Insurance Coverage Options in New Mexico and Arizona

Standard renters insurance coverage options in New Mexico and Arizona include:

  • Personal property
  • Liability
  • Loss of use

Personal property coverage gives you coverage for furniture, appliances, electronics, and clothing. If you have jewelry, collectibles, or art, you will need a separate insurance policy to cover these items. Liability coverage helps handle any injuries that occur in your residence. Loss of use coverage is beneficial in the event your residence becomes inhabitable and is a covered loss. This type of coverage helps cover lodging and grocery expenses.

At J.B. Martin Insurance Agency, we are dedicated to providing you with excellent customer service and a variety of insurance policies to meet your needs. Contact us today to learn more about our insurance services and how we can help.

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