Condo & Renters Insurance in Colorado

If you reside in Colorado and wish to secure your possessions and safeguard yourself from potential legal obligations, it is essential to have condominium or renters’ insurance.

 Condominium insurance (also known as HO-6) covers personal belongings and liability claims not covered by the condo association's primary policy. The insurance usually costs around $11 per month or 0.78% of the average rent and can assist you in planning for unforeseen emergencies and events.

At 3R Insurance Agency, we strive to provide the best insurance coverage at a competitive rate. Our team of knowledgeable and experienced agents is available to help you find the right condo or renters insurance to fit your needs and budget. We are unique because:

• We provide industry-leading coverage tailored to your specific needs.
• Our team of certified professionals make finding the perfect insurance easy and stress-free.
• We offer competitive rates to ensure you get the most value for your money.
• Top-notch companies back our policies so you can trust your coverage is secure.
• We make it easy to switch carriers if you are unhappy with your current provider.
• We are always available to answer questions and provide guidance.
• We offer a variety of discounts such as multi-policy, age, and loyalty.
• We have a long list of satisfied customers that vouch for our services.

Our commitment is to provide you with the best service possible when looking for the right condo or renters’ insurance in Colorado. 

Contact us today and let us help you find the perfect policy!

Both condominium and renters’ insurance cover personal belongings, liability protection, and additional living expenses. The exact coverage and limits vary depending on the policy, but it typically includes:

Personal Property 

Personal property coverage under condominium and renters’ insurance in Colorado covers your possessions, including furniture, electronics, clothing, jewelry, artwork, etc. It reimburses you for losses or damages caused by disasters such as fire, theft, vandalism, and storms. Examples of items typically covered under personal property include:

• Furniture (sofa, bed, etc.)
• Electronics (television, laptop, etc.)
• Clothes
• Jewelry
• Artwork
• Appliances (refrigerator, microwave, etc.)
• Books
• Musical instruments
• Collectibles
• Sports equipment

The coverage can also include items like cash, valuable papers, home office equipment, and more. Depending on the policy, some of these items may be covered at no additional cost or for an additional premium.

Liability Protection 

Liability protection is also included when you purchase condominium or renters insurance in Colorado. This coverage shields you from financial losses if someone sues you for damages or injuries that occur on your property. Examples of incidents covered under liability protection include:

• Slip and fall accidents
• Property damage
• Injuries caused by pets
• Lawsuits for negligence or carelessness
• Damage to another person's property
• Injury to another person while they are on your premises
• Medical expenses for a guest injured on property
• Libel or slander
• Copyright infringement
• Damage caused by guests on the property

Depending on the policy, liability protection may also cover legal fees or court costs. It is important to talk with your agent about all of the coverage options available and what is right for your situation.

Additional Living Expenses 

Condo and renters’ insurance in Colorado can also provide coverage for additional living expenses if you need to relocate temporarily after a covered loss. This includes costs such as food, transportation, lodging, and other expenses that arise from a covered loss. Examples of additional living expenses include:

• Hotel or motel bills
• Temporary housing
• Meals
• Transportation costs
• Pet boarding fees
• Laundry expenses
• Temporary storage fees
• Phone and internet services
• Additional fuel costs (if necessary)
• Lost wages (if applicable)

These costs are typically covered up to your policy limits, so make sure to read the fine print and discuss your options with your agent.

Depending on the policy, condo and renters’ insurance may also cover some parts of the dwelling or building for which the policyholder is responsible. There are three main types of dwelling or building property coverage in condo and renters’ insurance:

All-inclusive or all-in coverage 

This is the most comprehensive coverage covering everything inside and outside the dwelling or building, including walls, floors, ceilings, fixtures, appliances, cabinets, plumbing, wiring, etc. It also covers items such as window treatments, carpeting, decking, and other structural components. This type of coverage usually requires a higher premium but provides the most complete coverage.

Single entity coverage

This less extensive type of coverage covers only the original features and structures of the dwelling or building, such as walls, floors, ceilings, etc. It does not cover any improvements or additions made by the policyholder or previous owners, such as fixtures, appliances, cabinets, etc. The policyholder may need to purchase additional coverage for these items separately.

Bare Walls Coverage

The most limited type of coverage, bare walls coverage only covers the structure itself and does not cover any fixtures or improvements made by the policyholder or previous owners. This coverage is often less expensive than all-inclusive or single-entity coverage, but the policyholder may have to purchase additional coverage for items such as fixtures, appliances, and other components.

It is important to discuss your coverage options with your agent to determine the best coverage for your situation. Having the right Colorado renters and condo insurance policy will help provide you with peace of mind and financial protection in case of a loss.

Generally, condo and renters’ insurance does not cover certain types of losses such as floods, earthquakes, government-related events, war or nuclear accidents, and intentional acts. Additionally, most policies also do not cover property damage due to normal wear and tear or mechanical breakdown. It is important to read your policy and discuss any exclusions with your agent.



In addition, most policies also do not cover certain types of personal property items such as collectibles, artwork, jewelry, and other high-value items. It is important to discuss these items with your agent and determine if you need to purchase additional coverage.

Colorado renters and condo insurance policies typically offer optional coverage options such as additional liability coverage, personal property replacement cost coverage, and additional dwelling coverage. These optional coverages can provide additional protection in the event of a loss.

You can add additional coverage to your policy depending on the company and your specific needs. These include:

• Water backup coverage: Covers losses caused by backed-up sewer or drain systems.
• Loss of use coverage: Covers additional living expenses if the insured dwelling becomes uninhabitable due to a covered loss.
• Scheduled personal property coverage: Covers losses to specific items such as jewelry, artwork, and other high-value items.
• Identity theft coverage: Helps protect you from financial losses due to identity theft.

Other coverage options may be available depending on the company and your specific needs.

The cost of your Colorado renters or condo insurance policy depends on a variety of factors, such as the amount of coverage purchased, the company offering the policy, and your location. Basic renters or condo policies typically start at around $11 per month and can go up depending on the coverage purchased.



To get the best rate for your Colorado renters or condo insurance policy, it is important to shop around and compare quotes from multiple companies. Additionally, you may be eligible for discounts if you bundle your policy with other insurance policies, such as auto insurance.

The amount of coverage you need depends on your individual needs and circumstances. Generally, it is recommended to have enough coverage to replace any personal belongings and cover liability for injuries to others that occur in your home.

To get the most out of your Colorado renters or condo insurance policy follow these 7 tips:

• Make a home inventory of all your belongings.
• Review your policy yearly to make sure you have enough coverage.
• Check for discounts such as bundling multiple policies.
• Review your coverage for any exclusions or limits.
• Discuss any high-value items with your agent to determine if additional coverage is needed.
• Ask about optional coverages such as water backup coverage and loss of use.

It's also important to review your policy and ensure you know what is covered and what is not. This will ensure that you have the protection you need in the event of a loss.