Tempe, Arizona
Rental property insurance in Tempe, from student rentals to short term stays.
Renting to several roommates, renting by the room, or hosting short term guests changes the risk on a Tempe rental, and the policy should say so.
In short
Rental property insurance in Tempe, Arizona, can cover a home you rent out, including the building, loss of rents, and your liability as the owner. Renting by the room or to several unrelated tenants, as student rentals sometimes do, is worth telling your carrier about, and stays of less than 30 days need a Tempe short term rental license.
- Some carriers treat a room by room rental differently from a single household lease.
- Each tenant's renters insurance covers their belongings and liability, not your building.
- The City of Tempe requires a short term rental license for each property rented for less than 30 days.
- Arizona law requires rental homes to be registered with the county assessor, which for Tempe is the Maricopa County Assessor.
Renting by the room or to students
Near Arizona State University's Tempe campus, some owners rent to students, either on one lease for the whole house or by the room. Either way, the home has more people coming and going than a typical single household lease. Tell your carrier how the home is rented, because some carriers price or write room by room rentals differently, and some won't insure them.
Liability with several tenants
More tenants and more guests can mean more chances for an injury on the property. Check your liability limit, consider whether an umbrella policy fits, and keep stairs, railings, pools, and outdoor lighting in good repair.
Renters insurance for each tenant
Your landlord policy doesn't cover your tenants' belongings or their personal liability. Many landlords who rent to students ask each tenant to carry renters insurance, and some leases require it. It protects the tenant and can help sort out who pays after a loss.
Short term rentals in Tempe
The City of Tempe requires a short term rental license for each property rented for less than 30 days, separate from your insurance. A short term rental usually needs a policy written for guests, and Arizona law lets cities require liability insurance of at least $500,000, or listing through a platform with equal or greater coverage. Our short term rental guide covers what to look for.
Register the rental with the county
Arizona law requires residential rental property to be registered with the county assessor. Tempe is in Maricopa County, so rentals register with the Maricopa County Assessor.
How Everhold helps Tempe investors
Start with the free Portfolio Ledger: every property, policy, carrier, and renewal date on one screen, with each dwelling limit compared to estimated rebuild cost and the name on each policy checked against the entity on title. Then our 90/60/30 Renewal Protocol shops each renewal for you.
Quotes and coverage are subject to underwriting and carrier approval. City and state rules change, so check the official pages linked above. Everhold Insurance is a licensed insurance agency in the State of Arizona. License # 3004512575.
Questions Tempe landlords ask
Straight answers.
Does landlord insurance cover a house rented by the room?
It can, but tell your carrier first. Some carriers treat room by room rentals differently from a single household lease, and some won't write them, so the policy should say how the home is rented.
Should my student tenants have renters insurance?
It's a good idea, and many landlords require it in the lease. Renters insurance covers a tenant's belongings and their liability, which your landlord policy doesn't.
Do I need a license to rent my Tempe home short term?
Yes, for stays of less than 30 days. The City of Tempe requires a short term rental license for each property, so check the city's page for the current requirements.
What happens if a tenant's guest is hurt at my rental?
Your liability coverage may respond if you're found responsible, depending on the policy and the facts. That's why the liability limit and an umbrella policy matter more in a home with many guests.
The Free 2 Minute Portfolio Ledger
See every Tempe rental's coverage on one screen.
Ready within 1 business day. Free, before you move a single policy.
Prefer to talk to a real person? We reply within four business hours.