Renters insurance can provide peace of mind for renters, similar to what a homeowners’ policy provides for homeowners. However, renters insurance differs in that it only provides coverage for the renter’s personal belongings, not the rented structure. As a result, it’s a good option if you have items you want to protect. Our team at Atrium Insurance Group is dedicated to helping Centennial, CO renters get the coverage they need.

What is renters insurance?

Renters insurance is designed to protect your personal property from theft, damage, and vandalism. This protection is extended to renters who rent a home, apartment, or any kind of inhabitable structure. Renters also have liability protection as well as protection from any number of unexpected events that could happen. As a renter, you make monthly payments to keep your insurance current and pay a deductible or file a claim if you experience a loss that is covered by your renter’s insurance policy. The liability protection protects your guests while visiting you in your apartment or rented space. If someone is hurt or experiences property damage while in your space, they can be compensated by your policy. Your policy may also cover lost items as well.

Will renters insurance cover my roommate’s items as well?

No. Unless your roommate is on your policy, your renter’s insurance will not cover their property. However, if your roommate’s property is damaged due to something involving you, your liability coverage may compensate them. However, your roommate will need to get their own insurance policy to cover their items. Your renter’s insurance policy will not cover your roommate’s personal belongings. If you have questions about renters insurance, call us. We’d be happy to answer all of your questions.