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Littleton Real Estate: Top Reasons to Have Renter’s Insurance


February 22, 2017

If you’re looking to find prime Littleton real estate for rent, there are a lot of things to consider. Often, renters go through the same search criteria that prospective homeowners do. Is there the right number of rooms, is the kitchen the right size - things like that. Still, homeowners have proper insurance, but as a renter, you need renters insurance as well. The homeowners’ insurance will only cover damage to their physical property in the case of a natural disaster, burglary, or other factors out of their control, including issues that renters create. None of that protects you as a renter. Here are some top reasons to have renters insurance.
  1. Theft Protection
    If you don’t have renter’s insurance, you are not protected in the event of a burglary. The homeowners are not responsible for your personal property, so you will be out in the cold in the event of a robbery or in-home vandalism. If you have renter’s insurance, you can insure all of your valuables in the event of a theft.
     
  2. Natural Disaster Protection
    Yes, in the event of a flood or a fire, the homeowners have insurance out on the residence itself. This protects them if the home or the surrounding property is seriously damaged by a natural disaster. However, this does nothing for your personal property. For similar reasons as theft protection, it is necessary to insure your property. While thieves may not ransack all of the items you have stored in your basement, a natural disaster is less particular. Say the basement or the shed or the kitchen gets flooded, and all of your items are now ruined. You need insurance on them so you can replace it in these situations or you will have to purchase all new items out of your own pocket. Ouch!
     
  3. Damage Protection
    If you end up accidentally damaging the home you are renting, your renters insurance should pay some of the cost to get you out of financial hot water with the homeowners. Sometimes accidents happen. You could accidentally burn the carpet or damage the wood floors, or your children could somehow wreck the walls. You need the insurance to help you out in these instances.
Those are the top three reasons to have renter’s insurance to back you up in case of any kind of emergency. There are many great ways to pick the best renters insurance for you. Consumer Affairs, a reputable website to consult for checking on all kinds of consumer services you might need, allows you to compare reviews for the best renters insurance available. While renting has it’s pros, buying a home in Colorado is the best value. With interest rates at an all time low, and rent skyrocketing, you will want to think about purchasing your own home. Colorado Home Sales can help you buy prime real estate in Littleton, CO. We can help you find the home of your dreams. To get started on the journey to finding your ideal home contact us today!