Best Renter's Insurance Companies in Boulder

Frequently Asked Questions

• What does a basic renters' insurance policy in Boulder cover?

  Renters’ insurance in Boulder typically comes with personal property, liability, and loss of use coverage. Personal property coverage pays for the repair or replacement of stolen and damaged personal belongings like appliances lost in a fire. Liability coverage helps pay for accidental damage you caused on others’ property and medical expenses when somebody gets injured on your rented property. Loss of use coverage reimburses additional living expenses like hotel bills when you have to move out of a damaged rental.

• Will your college kid’s renters’ insurance policy in Boulder cover belongings they bring during school trips abroad?

  Most renters’ insurance companies catering to students in Boulder cover personal belongings brought outside the rented dorm, apartment, or campus premises. The policy also protects the college kid’s belongings while traveling abroad for a school trip or vacation during the semester break. Some insurers provide coverage for items the student has left at home.

• What does it mean if the renters’ insurance you are buying in Boulder has “named peril” or “open peril” coverage?

  A renters’ insurance policy with named peril coverage will pay for losses caused by perils that are specifically listed in the policy. If the policy you are buying in Boulder indicates the perils of fire, theft, and vandalism, you can only make a claim if your belongings were damaged or stolen during these events. On the contrary, an open peril policy will cover all claims except those resulting from perils listed as excluded. Open peril policies usually give you more coverage.

• Which perils are commonly excluded from renters’ insurance policies in Boulder?

  Generally, a renters' insurance policy in Boulder will not cover losses resulting from floods, earthquakes, and pests. It will not cover intentional damage or your roommate’s belongings. The policy's liability coverage excludes damage or injury caused by certain dog breeds. Also, note that while renters’ insurance offers protection for art, collectibles, and jewelry, coverage is usually limited for expensive items like these. You can buy a rider that will reimburse the full value of expensive belongings in case of loss.

• If you move some personal belongings into a storage unit in Boulder, are those items still covered by your renters’ insurance policy?

  Yes. Renters’ insurance coverage extends to your belongings outside the rented property. Some insurers in Boulder put limitations as to how much you can reimburse for items damaged or lost while outside your residence. It can be a specific amount or a percentage of the policy’s personal belongings coverage. It's important to take an inventory of your belongings in the storage unit with photos/videos. This can serve as proof when you need to make a claim.