Anytime you are renting a property, no matter what the size, you need a renters' insurance policy. If you don't have a renters' policy, give us a call at our Integrity First Insurance offices in Englewood, CO and Fargo, ND. We offer renters' insurance to those who live in Colorado, North Dakota, and Minnesota.
Renters' insurance is much like homeowners' insurance. However, with a renters' policy, the dwelling itself is not covered. The owner of the home will have its own insurance policy that covers the structure. However, there may be exceptions if you, as a renter, make small changes to the dwelling. Those generally have to be maintained and insured by the renter. Renters' insurance will also pay for you to lodge elsewhere if the building becomes uninhabitable.
Renters' insurance is mostly about your personal belongings. It covers them if they are damaged or destroyed by specific perils named in your policy. Some policies also have a liability component to cover you if there is an accident in the home you're renting. When you rent a house, apartment, condo, or other homes, the owner of that dwelling is not responsible for the personal belongings you have inside.
Another difference between renters' and homeowners' insurance policies is that a renters' policy costs much less than a home policy that protects the entire dwelling. Because these policies only protect the belongings inside, they are available at highly affordable prices compared to a policy covering an entire dwelling. This insurance can help you continue your lifestyle for a small premium after you've had a major loss.
To find out more about how renters' insurance can serve you, call us at Integrity First Insurance in our Englewood, CO or Fargo, ND offices. We serve residents of Colorado, North Dakota, and Minnesota with the insurance policies they need.
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