5 renters insurance myths that cost denver tenants real money

More than half of renters carry no insurance at all, and the reasons people give are remarkably consistent — and remarkably wrong. Let's retire the big five.

myth 1: "my landlord's insurance covers me"

Your landlord's policy covers the building. Your laptop, furniture, clothes, bike and kitchen do not appear anywhere in it. If the unit floods or burns, the landlord's carrier rebuilds the walls — and you replace everything you own at your own expense.

myth 2: "my stuff isn't worth insuring"

Walk through your apartment with a calculator: phone, laptop, TV, mattress, couch, wardrobe, kitchenware. Most "I don't own anything" renters cross $20,000 before the closet. Replacing all of it at once, after a fire, on a Tuesday — that's the scenario renters insurance exists for.

myth 3: "it only covers theft"

The quietly valuable part is liability coverage: if your overflowing tub damages the unit below, or your dog bites a guest, or a visitor is injured in your place, renters insurance defends and pays where you'd otherwise be personally on the hook. It also typically pays for a hotel if your unit becomes unlivable — ask anyone who's been displaced by a building fire how much that mattered.

myth 4: "it's expensive"

In the Denver metro, solid renters coverage commonly runs $15–$25 a month — and bundling it with your auto insurance often discounts the auto policy by nearly enough to cover it. Net cost of being covered: sometimes close to zero. This is the easiest math in insurance.

myth 5: "i'll deal with it when i have time"

It takes one phone call and about ten minutes. Bring nothing; we already know the questions. Start a renters quote or call (855) 212-0324 — and if you've got roommates, ask us how policies should be split (another thing the internet gets wrong).