Colorado · A rental is not an HO-3
A house you rent out needs a landlord form. Loss of rent pays only after a covered peril makes the unit unlivable. Colorado does not set a homeowners dollar minimum the way it sets an auto floor.
An owner-occupant policy assumes you live there. Once a tenant does, the building, the lost rent, and your liability as a landlord belong on a dwelling form. The tenant’s renters policy covers their belongings and their liability. It does not rebuild your house. A lease can require them to carry liability. Naming you as an interested party gives you notice if they cancel. It does not insure the building, and it does not make you an additional insured. A personal umbrella is not a landlord umbrella, and it does not insure the building or the lost rent.
The Colorado pages: landlord insurance in Colorado, what moves the cost, and Colorado Springs rentals. The lease is not the policy: landlord-tenant law. The product: landlord insurance and what it is for. Weather and price, without a fake discount: wildfire and how people shop a higher rate.
