Colorado Renters Insurance

No matter where you live in Colorado, it’s important to have adequate renter’s insurance to protect your personal property from loss or damage. Renter’s insurance is designed especially for those individuals who don’t own their own home but are leasing their place of residence. Whether you are renting an apartment, a condo, or a house, you should seriously consider purchasing Colorado renter’s insurance to safeguard your valued possessions in the event of theft, fire, or weather-related calamities.

Why It’s Important to Have Renters Insurance in Colorado
If you live in a rental property in Colorado, you may already be aware of the importance of having renter’s insurance. A comprehensive renter’s policy protects your personal property against damages and loss in the event of fire, theft, or natural disaster. It can also provide liability coverage in the event a visitor to your home or apartment injures themselves. Many people don’t think about the consequences of this happening, but unfortunately accidents do occur. Without the proper liability coverage, you can be sued for damages. This can put your income, your savings, your personal property and even your future wages at risk.

You may have many reasons for thinking you don’t need renter’s insurance. Perhaps you think it will be terribly expensive. Or maybe you think your personal property doesn’t add up to a very large amount of money. You might even assume that your landlord’s homeowner insurance policy covers you and your belongings in the event of theft, fire, or various natural disasters.

The fact is that Colorado renter’s insurance is affordable! The average cost of an annual premium is only about $210- or about $18 a month. When you consider that’s the price of about 4 or 5 lattes, you can appreciate that renter’s insurance is a real bargain.

It’s estimated that most people have at least $20,000 of personal property. This is a very minimum amount and the value of your belongings may be quite a bit higher. The best way to determine this is to take an inventory of what you own. This should include everything in your apartment or rental home- furniture, appliances, electronics, clothing, CDs and DVDs, jewelry, artwork and rugs. Some expensive pieces of jewelry, art or antiques may have to be covered under a separate policy but you can arrange that with your agent when writing up your personal renter’s policy. Now imagine that all of your belongings are damaged or lost. Would you be able to fully replace these items out of pocket? For most people, it would be impossible. This is why having Colorado renter’s insurance is so important.

Your landlord’s homeowner policy does cover the actual structure where you are living. But any property located within your apartment or home is strictly your responsibility to protect. The homeowner’s policy covers the building and land only.

You should also be aware that Colorado renter’s insurance normally does not include damage or loss due to earthquakes or floods. If you live in an area where these natural disasters might occur, you should inform your agent of this fact when formulating your renter’s policy.

We are available to assist you 24 hours a day. When shopping around for Colorado renter’s insurance, it is always a good idea to contact several different companies. This allows you to compare policies and get quotes so that you can make the best decision when it comes to getting renter’s coverage. Our trained staff can help you do this quickly and easily from the comfort of your home or office. Then you can choose a renter’s insurance policy which meets your personal needs at a price you can afford.