Looking for a Better Renters Insurance Policy in Colorado?
You have a lot of things that are important to you – from your clothes and furniture to your sound system, sports gear, and computer. You want to feel confident everything you’ve worked for is not at risk. Fortunately, you do not need to own a home to protect all your belongings. If you’re renting, renters insurance is available and highly recommended (often required by associations) for any apartment or condo dweller, and luckily, renters insurance is much cheaper than homeowners insurance since you do not need to insure the building itself.
At Centennial State Insurance Agency, we can help you find coverage options that protect you, your family, and your personal property. Let us help make sure you’re properly covered!
What You Need to Know
Your renters policy covers your personal property against theft or damage subject to the limits and deductibles you select. The coverage applies even when you are away from home. This means that even if someone steals your phone while you are out and about, your renters insurance will cover you!
Although not required by law, many property owners will require you to prove proof of insurance before they let you sign a lease. Usually, it is left up to you. If you happen to be a college student, there is a possibility you will not need renters insurance even if it is required if you are covered as a dependent in a homeowners policy of your parents or guardians.
Keep in mind that it is the landlord’s or owner’s responsibility to secure coverage for the building itself, but it doesn’t mean you’re off the hook for everything. If a storm damages the building, the landlord is responsible, but if your contents or belongings are harmed as well, then you are fully responsible for covering the replacement costs; the owner has no obligation to cover those costs. Renters insurance protects your belongings in this event.
Unless you go in on a policy together, you and any roommates you may have will need your own policy, which may or may not be allowed depending on providers or possibly your landlord or HOA’s rules. When in doubt, it’s best to have your own policy to ensure all your own things are covered.
For a small additional premium, you can choose to carry full value coverage on your personal property, which ensures that you will be paid the full replacement cost of items that are damaged or stolen without deduction for depreciation.
Protect Yourself and Your Guests
Your renters insurance policy also protects you and your family against certain bodily injury and property damage claims for which you are liable. Legal defense is also provided in the event you are sued after a covered loss, subject to the limits you have selected.
In addition, you can select medical payments coverage which will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. This can include coverage for dog bites or any damage you may have accidentally done to others. Various limits are available. Let us help you find the right amount of coverage to suit your insurance needs!
Most people don’t put much thought into what they would do if they were suddenly without a place to live. Renters insurance can provide funds for staying in a hotel and even recoup some of the costs of restaurant meals in the event of the loss of use of your home.
The Right Coverage, The Right Price
Whether you’re starting out, between homes, or downsizing, we’ll help you pick the best renters insurance coverage that best fits your needs. Even if you think you don’t own that much, renters insurance is a relatively inexpensive way to protect your belongings and finances wherever you are.
Be sure to ask about available discounts including burglar alarm credits and account credits for customers who package their auto and/or umbrella policies with their renters insurance policy.
Renters Insurance Denver: Start Your Obligation Free Quote Today!
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