Colorado Renters Insurance
While most homeowners carry insurance, a majority of renters do not have coverage for their possessions.
Over half a million people in Colorado rent their place of residency, yet two-thirds do not have any renters insurance. There are many reasons why someone chooses not to purchase renters insurance. Many people just never think about the need, others mistakenly think that their landlord’s homeowner’s policy will cover them. The fact is, if you own anything of value and keep it in your rental space, you need your own renters insurance. If something were to happen to your apartment, condo, or house rental, your landlord’s policy will only cover the building. It will not cover your possessions if they are destroyed or damaged.
In Colorado, renters face the same types of perils as homeowners – heavy snowfall, wildfires, severe weather, and more. Only renters insurance can protect your belongings if a catastrophe were to occur. If your belongings are damaged for any of your covered reasons, your policy will cover the losses.
Renters insurance can also protect you against liability issues. It can cover any accidents that you are responsible for and will take care of expenses you may be liable for. This will also help you avoid lawsuits if someone is hurt in your rental space.
If you are renting in Colorado, you need to protect yourself and your property with renters insurance. If you still think you don’t need insurance, take an inventory of all your possessions and figure out how much it would take to replace everything. Then call Dagley Insurance and Financial Services and one of our agents will walk you through the process. For a very little amount of money, renters insurance can cover everything you own and protect you against liability.