Is renters insurance required in Colorado

Renting in Centennial, CO puts you in a wonderful area for enjoying the great outdoors. The mountains offer year-round access to nature. Whether you hike, bike or ski, you will find plenty of good reasons to call this area home. At Atrium Insurance Group in Centennial CO, we believe that the secret to a thriving business is giving our customers quality products at the best price. We will take the time to get to know you so that we can provide what you need. 

Renters insurance is not required by the state of Colorado but it may be required by your landlord or management company. Be sure to read your lease and understand the requirements. But even if it isn’t required, having it is a good idea and offers many benefits. 

You may think that your landlord has insurance that protects you, but he doesn’t. He only cares about his building, you are on your own to cover your personal property. 

Renters insurance offers three types of coverage:

• contents
• liability
• loss of use

Contents

Everything you own is probably in your rental and if it was destroyed or you were robbed, you could lose quite a lot. With renters insurance, you would be able to replace some of the things you need and get back to life as usual. 

Liability

If someone is injured while visiting your rental, you could be liable for medical expenses and potential legal action against you. Renters insurance would help with the cost. 

Loss of use

If your rental is damaged and you are not able to stay there, you will need somewhere to live. Loss of use coverage will help with a hotel or a temporary rental until you can go back home. 

Contact Atrium Insurance Group in Centennial, CO to discuss why renters insurance may be right for you.