For those renting a home or an apartment there is really no law that requires you hold any sort of insurance policy to protect belongings. In the cases where individuals do not have any policy, they take the risk of having to deal with the consequences should something terrible happen to their rented home. There are ways to prevent this type of issue however with a simple renter’s policy. For those that live in the Littleton, CO area, the agents with Front Range Insurance Services can help.
Renter’s insurance first and foremost acts much like a homeowner’s policy would should there be something like a fire, a break in, or other destruction of personal belongings. When you enter into a lease agreement the land lord is not responsible for the cost of replacing your items should they become destroyed. It is always helpful to have a renter’s policy in place to protect your property.
A renter’s policy covers things like personal property up to a certain dollar amount, it may help cover the cost of a hotel room or temporary housing until you find a new place to live, it will help cover medical costs and more. These are all things that you should think about if you are renting as you will have to pay out of pocket if you do not have any coverage.
A renter’s policy is an easy and often inexpensive way to prevent total destruction of your personal property and the need to start over again if something were to happen. You can speak with an agent at Front Range Insurance Services if you live in the Littleton, CO area to find out more about what type of renter’s policy is right for you and your particular needs and situation.