Most landlords are missing key protections. Learn how to close coverage gaps in your Colorado investment property policy—before it’s too late.
If Your Property Burned Down Tonight, Would Your Insurance Cover It?
What would you do if your investment property went up in flames tonight—and your policy didn’t cover half the loss?
That’s not a scare tactic. It’s a real scenario we’ve seen happen to property owners in Colorado and Wyoming who thought they were fully covered.
At Summit Insurance, we help real estate investors protect what matters—without the guesswork, gimmicks, or gaps. If you own rental homes, flips, or long-term investment properties, it’s time to make sure your insurance plan holds up when it counts.
Real Estate Insurance Gaps Most Owners Never See Coming
We’ve helped thousands of landlords recover from unexpected claims. But the ones who came out ahead? They had coverage built for what-if scenarios—not just what was “required.”
Let’s walk through the four biggest exposures you face as a property owner—and how the right insurance plan can save your investment when disaster strikes.
1. Property Coverage: Not All Policies Protect the Structure
This one seems obvious—until it’s not.
Many landlords assume their property is covered because they have a policy. But what they don’t know is what type of coverage they have.
- Basic or broad form coverage only protects against a short list of named risks.
- Special form cause of loss coverage protects against nearly all perils—unless specifically excluded.
If your property is a:
- Rental
- Vacant flip
- Renovation in progress
…and it’s not covered under a special form policy, you could be out tens or hundreds of thousands of dollars if something happens.
2. Liability Coverage: Lawsuits Aren’t Always Your Fault
Let’s say:
- A contractor gets injured on-site
- A tenant’s guest trips on loose flooring
- There’s a firearm discharge or assault incident on your property
Even if it’s not your fault, you could be the one getting sued.
Your liability coverage needs to account for what others do—because you’re still the owner. That’s why at Summit, we build policies that go beyond the basics, protecting against:
- Assault and battery
- Premises liability
- Firearm incidents and more
3. Lost Income: Your Mortgage Doesn’t Pause for Repairs
Your property becomes unlivable after a fire or vandalism. Now your rental income stops—but your mortgage, taxes, and bills keep coming.
Most investors don’t realize loss of income isn’t automatically included in standard policies.
If you’re counting on monthly cash flow, this is non-negotiable. The right investment property insurance in Colorado or Wyoming should:
- Cover lost rent
- Cover extended vacancy due to repair timelines
- Keep your portfolio stable through temporary loss
4. Lender Compliance: One Missed Clause Can Kill a Deal
If you work with:
- Fannie Mae or Freddie Mac
- Private lenders or syndicates
- Commercial lenders
…you already know the fine print can make or break a deal.
Miss a required clause, coverage limit, or notification deadline? Your loan can fall apart, or worse—your claim can be denied.
At Summit, we speak lender fluently. We ensure your policies meet lending standards without creating extra work or missing a detail that costs you later.
What Most Landlords Overlook
You’re at risk if:
- You haven’t reviewed your policy in the last year
- You’re using a personal homeowner’s policy on a rental
- You’re assuming “some coverage” is better than none
- You’re building a portfolio without a scalable insurance strategy
Investment property insurance in Colorado and Wyoming isn’t a checkbox. It’s a system. And the wrong setup could cost you everything you’ve built.
How Summit Insurance Protects Real Estate Investors
At Summit, we don’t write generic policies. We build real protection around real portfolios. Our process includes:
✅ Custom Coverage Mapping
We align your policy to property type, location, and tenant risk—so you’re protected from top to bottom.
✅ Proactive Risk Audits
We review gaps in liability, income loss, and rebuild costs—before the claim hits.
✅ Compliance-Ready Setup
We match your policy to lender requirements with speed, clarity, and experience.
We’ve helped thousands of investors build smarter portfolios—without losing sleep over what-if scenarios.
Let’s Make Sure Your Next Claim Goes Right
Insurance doesn’t protect your investment unless it’s set up the right way. And by the time you file a claim, it’s too late to fix the gaps.
Request a quote from Summit Insurance Agency today.
Let us review your investment property insurance and make sure you’re protected—not just insured.