What Does Denver, CO Renters Insurance Cover

The best question to ask yourself when considering renter’s insurance is how much it would cost to replace everything you own? If you are a young professional with just a few personal items, then you may not find the monthly payments for renter’s insurance worth the benefits. However, if you have an established apartment or house with many expensive and important personal items and electronics, then renter’s insurance may be a very, very good idea.

This is because despite what you might have been told, your landlord’s insurance policy will not reimburse you for any property that is stolen or damaged. Your landlord’s insurance policy also won’t reimburse you for any expenses you have should your home suddenly become unlivable due to a disaster like a water line break or fire. But a renter’s insurance policy will.

The Big Benefits of a Denver, CO Renter’s Insurance Policy

Landlord and commercial property insurance policies typically cover only building materials and public spaces (such as elevators or stairwells). Anything within the confines of your apartment is typically not covered. For that, you need renter’s insurance. A standard Alliance General Insurance Agency renter’s insurance policy will provide the following coverage:

  • Personal property contents coverage. This offers financial coverage for any personal property and belongings in the event of theft, fire, water damage not related to flooding, and more.
  • Living expenses due to peril. If an event like a fire or burst water pipe makes your home unlivable, then your policy will reimburse you for expenses necessary (i.e. hotel) until the situation is resolved. 
  • Premises medical coverage and liability. If someone is injured in your home, such as by a dog bite or a trip and fall, then your renter’s insurance will pay for medical expenses and protect you in the event of a lawsuit. 

Sign Up for Your Denver, CO Renter’s Insurance Today

Renter’s insurance can provide you with an excellent safety net in the event of a disaster. Learn more by contacting our team at Alliance General Insurance Agency.