Best Renter's Insurance Companies in Pueblo

FAQs

• What can a standard renters' insurance policy in Pueblo include?

  A standard renters' insurance policy in Pueblo can include coverage for personal property, liability, additional living expenses, and medical payments. Personal property coverage pays for replacing damaged or stolen personal possessions, while liability covers expenses when the insured gets sued. The coverage for additional living expenses can be used to pay extra costs incurred when the rented space becomes unlivable. In addition, medical payment coverage can be used if a guest is injured on the property.

• Does renters' insurance in Pueblo cover your personal belongings even when you're on vacation?

  Yes. Your renters' insurance in Pueblo provides coverage for your personal belongings even while on vacation anywhere in the world. While the policy is written following the rules of Colorado, the coverage is still effective wherever you go. For example, if your laptop gets stolen from your hotel room abroad, the insurance company will pay for the cost of your laptop.

• Do landlords in Pueblo require renters' insurance?

  It depends. State laws do not require renters' insurance, but landlords in Pueblo can have such a requirement for their tenants. Most likely, a lease contract will stipulate that a tenant should get renters' insurance with certain liability coverage and provide proof of coverage before moving in. Some landlords would require their tenants to have liability coverage up to $100,000.

• Can a renter in Pueblo buy umbrella insurance coverage?

  Yes, renters in Pueblo can add umbrella coverage to their renters' insurance. The coverage works by paying for the extra costs incurred when a personal liability claim exceeds the policy's limits, which can be up to $500,000. For instance, if a renter with a liability coverage limit of $100,000—the most common limit—is sued for $200,000, the umbrella coverage will pay for the $100,000 difference.

• If you rent a property in Pueblo, is it necessary for you to purchase renters' insurance?

  Even though renters' insurance is not mandatory in Pueblo, it is recommended since it has higher crime rates than the national average. It also has twice as many crime incidents compared to the statewide average. Property crimes have been up more than 20% in recent years. The most dangerous neighborhood in the metro is on the east side. Because of this, renters are recommended to obtain renter's insurance, which can provide them with financial protection if their possessions are stolen or damaged.