If you rent a house, apartment, or condo, you may not think that you need insurance coverage. While it’s a common misconception to believe that renters can avoid insurance policies, the reality is that you have valuable belongings and financial assets to protect. If the worst happens, you want to be sure you have a reliable renters insurance policy to fall back on.
What Does Renters Insurance in Denver Cover?
Coverage for your personal belongings
– If your personal possessions get damaged or destroyed by a covered peril, you can turn to your policy for help repairing or replacing them. This coverage works to protect your furniture, clothing, electronics, and more.
– Liability covers you against lawsuits for bodily injury or property damage that you or your family members cause to others. This liability coverage will defend you in court and any court awards, up to the limit of your policy.
Additional living expenses (ALE)
– ALE pays the additional costs of living away from home if you can’t live there due to damage from a covered peril. It helps to pay for hotel bills, restaurant meals, and other expenses incurred while in a temporary location.
Optional coverage includes:
Scheduled personal property
– Have high-value belongings? If so, then your standard renters insurance policy may not adequately cover them. Ensure they have plenty of coverage that can protect your assets if they are lost or damaged.
Excess liability coverage
- In this litigious society, it is worth securing excess liability cover that protects your finances if you are sued.
Whether you rent an apartment, condo, or house, we recommend having a renter’s insurance policy you can rely on. Let us find coverage to suit your needs.