Those that live in the state of Colorado are going to have some personal insurance needs. If you are a renter in this state, you will need to have a renter’s insurance plan. There continue to be different reasons why taking out a renter’s insurance plan is a good idea.
A good reason to get a renter’s insurance plan is that it will cover your personal assets. When you move into a new rental home, you bring your personal belongings with you, including furniture and electronics. When this occurs, you will want to make sure that you protect these assets. You will have the coverage needed to replace these items with proper insurance if they are damaged or stolen.
Renters do take on some liability coverage. If you have a guest over that is hurt or makes a mistake that causes an accident that results in damages, you could be found liable. With a full renter’s insurance plan, you can get the coverage needed to offset this risk.
Finally, when moving into a new rental property, you must understand your lease obligations. In many cases, a landlord will require that you get a proper renters insurance policy. Landlords typically want you to have this coverage due to the valuable coverage it provides. If you are not insured during the lease term, it could invalidate your lease entirely.
Those who are moving into a new rental property need to make sure they have the right insurance coverage. The Colorado State Insurance team can help renters all over the state of Colorado pick and choose a renter’s insurance plan. If you sign a new lease, the Colorado State Insurance team will evaluate your insurance needs and plan options. We will then work with you to develop a plan that provides the ideal coverage for your situation. Contact our office to get a quote.