How to Choose the Right Renter’s Insurance Policy in Centennial, Colorado

What would you do if the house you were renting in Centennial, Colorado burned down in a fire, or if the apartment above yours sprung a leak and dumped water all over your most prized possessions? If you didn’t have renter’s insurance, you would be in a tough spot. Even though you don’t have any financial liability for the physical home itself, your personal belongings are your responsibility to replace. That’s why it’s so important to have renter’s insurance. When you’re looking into getting a policy, there are a few things you should do to get the right one.

1. Calculate the value of your possessions. Walk though your house, condo or apartment room by room, adding up what it would cost you to replace all of your belongings in that room, including things like furniture, housewares, clothing, and electronics. The total is the amount of renter’s insurance you should buy to fully protect yourself. While you’re at it, take pictures of your belongings to help you in the event you have to make a claim.

2. Gather quotes for this amount of coverage through an independent agent. Because this type of agent does not work with just one insurance company in Centennial, Colorado, you’ll get an unbiased view of all of the options available to you. Once you have the prices, you can compare them to pick the insurance carrier that is likely to be best for you.

3. Discuss with the independent agent whether you should add any riders to your policy. These provide additional coverage for specific types of items, like jewelry, electronics, and other valuables. Depending on the type of policy you are getting, these may have only limited coverage under the standard policy. Adding riders ensures that your most valuable possessions are protected.