Are you one of the growing number of renters in Colorado? Have you already considered the price of buying a home in the booming Colorado market and decided to rent for now? You’re not alone, and in fact, many experts now say it’s a better investment to rent in cities like Denver vs. own right now. If this is the path you’ve chosen, there is still an important investment you can make. Today we’re talking about renters insurance and why absolutely everyone who rents should have it. Let’s break down the benefits of renters insurance in Colorado and discuss why you shouldn’t skip this important coverage.
Renters insurance is an easy and inexpensive way to protect your valuables should anything happen to them in your apartment or rental house. However, most people just pay the yearly premium and then forget all about the rental insurance unless they need it. If you haven’t given any thought to how to prepare for and file a renters claim in the event of a burglary or unexpected damage, now is the time to take a few minutes and think about the “what if’s.”
While most people would never dream of owning a home without insuring it, countless renters pay no mind to renters insurance every year while living as a tenant in a building they don’t own. Yet everyone owns valuable things, and everyone is most certainly in need of the protection that renters coverage provides. So why is it that so many choose to skip renters insurance? Is it the cost? Do they believe that their landlord’s insurance will protect them in the event of a calamity like fire or severe weather? Let’s examine exactly why you can’t afford not to have renters insurance.