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COLORADO RENTERS INSURANCE | ALLIANCE INSURANCE OF THE ROCKIES

COLORADO RENTERS INSURANCE OPTIONS

Renters insurance, also known as tenants insurance, is crucial in helping Colorado renters protect what matters most. It’s similar to a home insurance policy but is for those who rent instead of own. Renter’s insurance policies help replace and repair possessions and property if a renter experiences some unexpected damage.

Our knowledgeable team at Alliance Insurance of the Rockies will help you choose a renters insurance option suitable for your needs and your unique situation. Whether you live in a large apartment complex or rent a unit in a duplex, it’s crucial to have renters insurance in place to prepare for the future. 

Finding the cheapest renters insurance in Colorado that still protects a reasonable value can be complex. Our home insurance experts will help you compare your coverage options, determine what type of premium and deductible work best for you, and help you save money wherever possible.

So, partner with Alliance Insurance of the Rockies to discover the best renters insurance rates in Colorado Springs. As a full-service insurance company in Colorado Springs and leaders in the industry, we’re prepared to help you find the best renters insurance that provides the amount of protection you need for an affordable price.

A couple with renter's insurance.

Is Your Insurance Protecting You?

TYPES OF RENTERS INSURANCE IN COLORADO

In the case of the unexpected occurring, renters insurance policies help protect both you and your belongings. Depending on your situation, you can choose a few renters insurance options. You have to consider things such as wanting an insurance policy that will reimburse hotel costs if displaced from your apartment or wanting to afford to replace stolen belongings. Regardless of your needs, Alliance Insurance of the Rockies will help you find renters insurance in Colorado that is perfect for you!

Personal Property

This option provides personal property coverage for either destroyed or damaged items. For example, this type of renters insurance policy can cover anything from a home burglary of stolen valuables to a kitchen fire that eliminates all of your cooking appliances and kitchen furniture.

Medical Coverage

We all know that accidents happen, but having a renters insurance option with medical coverage will help you pay for those accidents. In addition, medical coverage policies cover minor injuries guests endure in your dwelling if the injured party agrees you’re not at fault.

Personal Liability

Personal liability insurance options are one of the most beneficial insurance options for renters. If you harm and cause bodily injury or property damage to someone else, having personal liability coverage will help cover any costs, usually up to a six-figure range.

Loss Of Use

Loss of use insurance options will pay for you to stay somewhere else in the event of a covered loss that prevents you from remaining in your home or apartment. The primary purpose of a loss of use option is to help individuals recover while retaining their standard of living.

POPULAR RENTERS INSURANCE COMPANIES IN COLORADO SPRINGS

The cost of renters insurance depends on various factors, including which company provides you with your Colorado renters insurance. Alliance Insurance of the Rockies will help you choose an affordable, comprehensive policy that fits your needs as a full-service insurance company. In Colorado Springs, the average cost of renters insurance is about $180. The listed companies provide some of the cheapest Colorado Springs renters insurance rates. Of course, the coverage you want determines the cost of your policy. The most common levels of insurance coverage for renters are $25,000 and $50,000.

The graphic shows a chart of different renters insurance rates in Colorado Springs.

RENTERS INSURANCE FAQ

You don’t need to buy renters insurance in Colorado, but some landlords may require you to have renters insurance to become their tenant.

Most renters insurance policies cover various items, including clothes, appliances, jewelry, furniture, electronics, firearms, and books.

If your landlord has an insurance policy in place, it’s still crucial for you to obtain your own renters insurance. Your landlord’s policy covers any damage to their building or property, but it doesn’t protect you or your personal belongings.

It’s essential to contact your insurance representative as soon as possible. If you need permanent repairs, contact your insurance company before taking any permanent measures. Insurance companies have the right to inspect your property in its damaged state. If you need to make emergency, temporary repairs, such as boarding up windows, you may. Contact the police, file a report, and contact your insurance representative if you had property stolen.

Yes, renters insurance covers your belongings regardless of their location. However, there are always limits and exclusions to insurance policies, so it’s important to discuss these with your insurance agent so you fully understand what is and isn’t covered.

While there’s no rule on if roommates need individual policies or not, usually, it’s best to all be on the same policy if possible. If something happens to your roommate’s property, but they’re not listed on your insurance policy, and you’re the only tenant with renters insurance, they’re not covered. If you’d all rather have your own renters insurance, that’s also an option.

The average rent in Denver is about $1,535 per month. The location of your place in Denver and the size of your apartment or house will help determine your rent. Your Denver rent can be drastically different from the city average, depending on where you live. For example, if you live in Westwood, your rent can be as affordable as $900. However, rent can jump to $2,225 for a home in Congress Park.

The average cost of rent for an apartment in Colorado Springs is about $1,075 per month. For a more affordable apartment, you may want to consider a place in Old North End. If you’re willing to spend a little more on rent, however, there are apartments in Flying Horse Ranch where the average cost of an apartment is $1,376 a month.

To lower your renters insurance premium and save money on your policy, you can raise your deductible, bundle your renters insurance policy, pay in full, ask about available discounts, and determine the value of your property.

Whether or not your child needs renters insurance depends on various factors, such as if your homeowner policy covers him and if he’s living on campus. Once we get a little information from you, we can help you decide if buying renters insurance for your child in college is worth it.

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Part of being a responsible renter in Colorado means understanding your insurance options.

At Alliance Insurance of the Rockies, we know how to help you choose a policy that suits your unique needs. With over 25 years of experience, we’re prepared to help you sort through your insurance options and help you choose a policy that will protect you, your personal property, and your family from fire, water damage, theft, and other unforeseen circumstances.

If you’re interested in learning more about your renters’ insurance options and possible insurance discounts, please fill out the form.

We look forward to working with you!