Get free, no obligation quotes from multiple providers

State Farm Insurance Allstate Insurance Farmers Insurance American Family Insurance Unitrin Insurance Travelers Insurance

BOULDER RENTERS INSURANCE

Boulder renters insurance is an important form of coverage for residents renting a home in Boulder, CO. Renters insurance is an optional form of protection, not legally mandated like some other policies. Yet it is critical for tenants to have in many different circumstances, simply because no other policy will protect you in these circumstances against uncompensated loss. A rental policy includes personal property and personal liability protection, making the plan twice as valuable and protecting the policy holder in a wide range of situations. Boulder residents are wise to look into this valuable and versatile coverage.

Personal Property Coverage Basics

Personal property coverage is an essential part of a Boulder renters insurance policy. As a tenant in a rented Colorado house or apartment, you do not have any protection against personal property loss supplied by the landlord or homeowner. Their insurance plans focus on the real estate property, the physical structure of the building and the grounds. The contents of the building you bring in as a renter are not covered by a landlord's policy. To protect yourself, you need a Boulder renters insurance personal property plan.

In the event of any covered loss event, you can make a claim on your plan and recover damages for your loss, less your policy deductible. These plans are great because they can provide comprehensive protection for all of your personal things for just a small fee. Most policies only cost a few hundred dollars per year, a nominal price in comparison with what it would cost to replace everything in a total or catastrophic loss.

Personal property protection in a Boulder renters insurance plan covers your things in a wide range of different circumstances. Many renters in Boulder think of these policies as fire or theft protection, and it is true that your coverage does shield you from uncompensated losses from these sources. But your Boulder renters insurance does more than just protect against fire and theft. Many different loss types are covered, from vandalism to storm damage. Contact a Boulder, Colorado insurance provider for more details.

Personal and Family Liability Protection

Renters in Boulder, CO who opt to insure against risk in their life as tenants in their condo or loft get an additional benefit from the price they pay for coverage. The premium you pay for this important protection can also include personal and family liability protection. Liability issues can affect anyone at any time. It is no different at home.

If you have some friends over at your condominium and someone gets injured, even if you had nothing to do with it directly, you still may very well be found liable for the cost of care. The expense of medical transport, ER and doctor visits, rehabilitation, and even lost wages and pain and suffering could end up being your responsibility. Granted, there is no guarantee that anything like this will ever happen in your rented dwelling, but for a very small premium cost, it is much better to be prepared ahead of time. In many cases, if you have a good liability plan, you can not only save yourself from having to take on all these expenses, but can also avoid court altogether. Most of these cases are settled by the insurance companies, saving you time and money on your end from lost wages and so on.

Additional Benefits of Renters Coverage

Personal property and liability coverage are great for affording you the kind of peace of mind you can't get as a renter without a good insurance policy. Whether you're the head of a large household or a single renter on your own, this peace of mind is priceless. But there is even more than meets the eye when it comes to Boulder renters insurance.

Other available features like loss of use coverage enhance the value of your Boulder renters insurance policy. You can be compensated for the cost of moving if forced out of your townhouse or other rented home, and helped out with additional living expenses if a covered loss leads to the Boulder, Colorado home being uninhabitable.

Renters in Colorado need to take a good look at this option for protecting themselves and their family. Both the property and liability areas extend to all household members and not just the policy holder. Your little ones and your college student are all covered under a Boulder renters insurance plan.

Renters insurance is not mandated by any state law. It is a matter of individual choice for tenants to decide on. People of all ages can benefit from this protection, however, and the coverage far outweighs the nominal cost. A young single renter and a senior citizen enjoying retirement can both benefit equally from the safeguards put into place by purchasing Boulder renters insurance.