Renters Insurance

Renters Insurance Policy for Westminster, CO

If you don't own your home, condo, or apartment, you may not think you need homeowners insurance - and, technically, you'd be correct because you don't own the property. However, you do need renters insurance.



In Broomfield, CO, renters can work with Kyle Insurance Group to find renters insurance policies that meet their needs, protect their belongings, and fulfill landlords' requirements.

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What's the Difference?

Homeowners insurance covers the property, the dwelling, and any outbuildings. Renters insurance is unique in that it doesn't cover the physical structure or property you live on; it only covers your belongings and the people on your property. If you're a renter, your landlord has insurance that will cover the property and dwellings. You are only responsible for insuring your own belongings.



And because rental insurance only covers your belongings and person, it costs much less than homeowners insurance. In Colorado, the average yearly premium is less than $200, and if you pay monthly, you should budget about $17 a month.

What Does It Cover?

Most renters insurance companies offer policies with three types of coverage: personal property, liability, and additional living expenses.


Personal property coverage is fairly self-explanatory: it covers your belongings in the event of a disaster, damage, or burglary. Liability coverage protects you in the event of damage to another person or their property, including your landlord. If a visitor is injured or if your pets damage the property, your liability coverage will kick in.



Additional living expenses reimburses you for the cost of living if you are forced to evacuate from your rental. For example, if the owner failed to repair a leak, resulting in mold damage, this coverage could pay for your hotel room or temporary rental while the mold is dealt with.

How Can We Help?

If you're a renter in Broomfield, CO, and you need renters insurance, call Kyle Insurance Group today at 303-465-9500.

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