Colorado Landlord Insurance
Colorado rental properties face hail exposure, wildfire risk, and vacancy clause pitfalls that standard homeowners policies do not address. We specialize in landlord coverage for El Paso County, Denver, and the Front Range.
4–6
Hail events/year in El Paso County
NOAA Storm Events data
12 mo.
Standard loss of rental income period
Most DP-3 policies
30–60
Days before vacancy clause activates
Varies by carrier
20+
Carriers in our landlord network
RightQuote carrier appointments
Why this market is different
Colorado landlord insurance considerations
Hail exposure: The same risk as homeowners, different policy
Colorado rental properties face the same hail exposure as owner-occupied homes — but landlord policies have their own deductible structures, coverage provisions, and carrier appetite. The percentage wind/hail deductible problem that affects homeowners policies applies equally to landlord policies. We review deductible structures on every landlord policy and offer buy-down endorsements where available.
Loss of rental income: The coverage most landlords undervalue
If a hail storm, fire, or other covered loss makes your rental property uninhabitable, loss of rental income coverage pays the rent you would have collected during repairs. Without it, you are paying your mortgage on a property that generates no income. Most landlord policies include 12 months of coverage, but the limit should reflect your actual monthly rent — not a generic estimate.
Vacancy clauses: The provision that catches landlords off guard
Most landlord policies include a vacancy clause that limits or excludes coverage after the property has been vacant for 30–60 days. Between tenants, during renovations, or during seasonal vacancy, your coverage may be significantly reduced without a vacancy permit endorsement. We flag vacancy clauses during our policy review and add endorsements proactively for landlords with known vacancy periods.
DP-3 vs. DP-1: Which landlord policy form is right for Colorado?
A DP-3 (dwelling fire form 3) is an open-perils policy — it covers all causes of loss except those specifically excluded. A DP-1 is a named-perils policy — it covers only the causes of loss specifically listed. In Colorado, where hail, wind, and wildfire are real risks, a DP-3 provides meaningfully broader coverage.
Most landlords in Colorado should be on a DP-3. If your current landlord policy is a DP-1, you may have significant coverage gaps you are not aware of. We review policy forms on every landlord policy we write.
Liability coverage for Colorado landlords
Landlord liability covers claims that a tenant or visitor was injured on your property due to your negligence — a slip on an icy walkway, a fall on a broken step, or a dog bite if you allow pets. Standard landlord policies include $100,000–$300,000 in liability coverage.
For landlords with multiple properties or significant personal assets, a personal umbrella policy provides an additional $1M–$5M of liability coverage above your landlord policy limits. We recommend umbrella coverage for most Colorado landlords with more than one rental property.
Multi-unit properties: When a landlord policy is not enough
Standard landlord policies are designed for 1–4 unit residential properties. If you own a 5+ unit apartment building, a commercial property policy is typically required. The coverage structure, pricing, and carrier market are different for commercial residential properties.
We write both residential landlord policies and commercial residential policies and can help you determine which structure is appropriate for your portfolio.
What RightQuote does differently
- DP-3 open-perils form on every landlord policy
- Loss of rental income limits verified against actual rent
- Vacancy clause review and endorsements added proactively
- Short-term rental coverage available
- Umbrella coverage recommended for multi-property landlords
- Independent — no carrier quotas
Frequently asked questions
Get a Colorado landlord insurance quote
We compare coverage and pricing across our network of 20+ A-rated carriers to protect your Colorado rental property investment.