Will my policy cover items stolen or damaged outside my apartment?

Alliance General Insurance Agency knows that if you are renting a home or apartment in Denver, CO, you probably realize you need a special renter’s insurance policy to protect your belongings in case of theft or damages.

Whether or not your possessions will be covered by your insurance policy depends mostly on what your insurance policy says. There are some general rules, but to make sure, you need to read your contract and talk to your agent to guarantee you understand the terms.

Normally, your belongings will be covered under your renter’s insurance policy if, for instance, you leave them in your vehicle outside and someone breaks into your car and steals them. Items like laptop computers are portable, and you may think they’re safe for a short time. The damage to the vehicle itself will not be covered, as that will need to be covered under a separate auto insurance policy.

On the other hand, your possessions may not be covered at a storage facility. However, you should either be able to add coverage to your existing renter’s insurance policy or obtain a separate coverage to protect your valuables in the off-site storage facility. Just keep in mind that if you are using your renter’s policy at a storage unit, the coverage might be limited.

It is often necessary to have your possessions away from your home, and you want to be sure you’re protected. If you want to discuss your options, our representatives at Alliance General Insurance Agency will be happy to talk to you about your rental situation in Denver, CO.