Owning rental property in Colorado means dealing with risks most homeowners never think about — tenant damage, liability claims, lost rental income, and hailstorms that can wreck a roof overnight. Sierra Insurance Group shops multiple carriers to find landlord coverage that actually protects your investment without overcharging you for it.
Rental property insurance built for Colorado landlords — from dwelling protection to lost rent coverage.
Covers the cost to repair or rebuild your rental property after fire, hail, wind, vandalism, or other covered events. Colorado's severe weather makes dwelling coverage a must for any landlord with property along the Front Range.
If a tenant or visitor is injured on your rental property, liability coverage pays for legal fees and medical costs. Slip-and-fall claims, dog bites, and ice-related injuries are common in Colorado — this coverage keeps you from paying out of pocket.
When a covered event like a fire or major storm makes your property uninhabitable, lost rental income coverage replaces the rent you would have collected while repairs are underway. Your mortgage does not pause — this coverage keeps you from falling behind.
Landlord insurance rates vary widely between carriers. We compare quotes from multiple top-rated insurers to find the best combination of coverage and price for your rental property — so you do not have to call around yourself.
Colorado does not legally require landlord insurance, but your mortgage lender almost certainly does. Beyond that, a standard homeowners policy will not cover a property you rent to tenants. A landlord policy — typically a DP-3 or DP-6 — is built for rental properties and covers risks your homeowners policy specifically excludes.
Landlord insurance covers the dwelling itself, other structures on the property, liability if a tenant or visitor is injured, and lost rental income if a covered event makes the property uninhabitable. Many policies also cover landlord-owned appliances and equipment inside the unit. Tenant belongings are not covered — that is what renters insurance is for.
Colorado landlords typically pay between $140 and $220 per month depending on the property value, location, coverage limits, and deductible. Properties in hail-prone areas like Denver may cost a bit more. We shop multiple carriers to find you the best rate, so your actual cost could be lower than the state average.
No. Homeowners insurance is designed for a property you live in. Landlord insurance is built for properties rented to tenants and includes coverage for lost rental income and liability risks specific to being a landlord. If you rent out your home and only carry a homeowners policy, your claim could be denied.
Standard landlord policies cover sudden and accidental damage — like a kitchen fire a tenant starts — but typically do not cover intentional destruction or normal wear and tear. For extra protection against malicious tenant damage, ask us about endorsements that expand your coverage beyond the standard policy.
Colorado landlords face a specific set of responsibilities and risks that standard homeowners insurance does not cover. If you rent out a property — whether it is a single-family home in Arvada, a duplex in Park Hill, or a condo in Capitol Hill — you need a landlord policy, typically written as a DP-3 or DP-6. A DP-3 is the broader form, covering your dwelling against all perils except those specifically excluded (similar to an HO-3 for owner-occupied homes). A DP-6 is a named-perils policy that only covers events listed in the policy — fire, lightning, windstorm, hail, and a handful of others. DP-3 costs more but provides significantly better protection, and for Colorado rental properties exposed to hail, wind, and tenant-related risks, the broader coverage usually pays for itself.
Colorado tenant law adds another layer that landlords need to account for. Under HB19-1170, landlords must return security deposits within 60 days of lease termination (or 72 hours if the lease specifies). There is no statutory cap on deposit amounts, but the return timeline is strict. Habitability requirements under Colorado law mean you are responsible for maintaining a safe, functional property — working heat, plumbing, electrical, and structural integrity. If a tenant is injured because of a maintenance failure you knew about, your landlord liability coverage is what stands between you and a lawsuit. Slip-and-fall claims on icy walkways, dog bite incidents, and stairway injuries are among the most common landlord liability claims in Denver.
Hail affects rental properties the same way it affects owner-occupied homes, and Colorado landlords should know about Class 4 impact-resistant roofing discounts. Replacing your roof with Class 4 shingles after a hail claim can reduce your insurance premium significantly, since these shingles resist the kind of damage that triggers repeat claims along the Front Range. Loss of rental income coverage is another piece that many landlords overlook — if a covered event like a fire or major storm makes your property uninhabitable, this coverage replaces the rent you would have collected while repairs are underway. Your mortgage payment does not pause, so this coverage keeps you from falling behind. Sierra Insurance Group shops landlord policies across multiple carriers and pairs them with your auto insurance for a multi-policy discount. Call 303-824-3430 or stop by our office at 200 Quebec St in Denver.
I started Sierra Insurance Group to help Denver families find coverage that actually fits — at a price that makes sense. We take the time to understand your situation and match you with the right protection, not just the first quote.
