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Wheat Ridge, CO 80033

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Five Things to Keep In Mind When Choosing a Home Insurance Policy

Purchasing a home is a life-changing decision. It, therefore, calls for serious considerations, such as how your investment would be protected in case of an emergency. One of the best ways to protect your home is to get home insurance coverage. Insurance may not help prevent emergencies such as fires and floods, but it can provide much-needed financial resources to rebuild after such crises. This article looks at some things to remember when buying a home insurance cover in Wheat Ridge, CO.

1. Consider Different Types of Insurance

There are several types of homeowners insurance policies. These include:

  • Basic Policy Form: The HO-1 policy covers your home and personal property for their actual price.
  • Broad Form Policy: This policy covers your home from specific perils, as covered in the form. It is also referred to as the HO-2 policy.
  • Special Form Policy: Covers your home against all perils except those specifically listed as exclusions. It is also known as the HO-3 policy and is among the most popular.
  • Comprehensive Policy: Also referred to as HO-5 policy, it covers your home against all perils except those specifically listed as exclusions. These assets are covered for their replacement cost.
  • Modified Coverage Form Policy: This policy covers your home from perils specifically listed in the policy form. It is also called the HO-8 policy.

2. Ensure Correct Valuation is Done

Correct valuation of your home is a critical step when buying home insurance cover. If your home is undervalued, you get less than the replacement value at the time of claim in the case of an emergency.

3. Consider the Deductibles

Deductibles are the amount you pay out of pocket at the time of claim. It is important to go for an affordable deductible.

4. Consider Discounts

Several things can help you earn discounts on your insurance. These include safety installations such as CCTVs, proximity to police stations, etc.

5. Get Advice from a CO Insurance Specialist Agent

One of the most important things you should do is consult a CO Insurance Specialist. Located in Wheat Ridge, CO, these agents have an immeasurable wealth of knowledge and experience in the Colorado insurance industry and can guide you to getting the best fitting cover for your home.

Contact CO Insurance Specialist today for more information on how to get the best insurance cover for your home.

Homeowners Insurance: How You Can be Spared When Disaster Strikes

Homeowner’s insurance is something that many people take for granted until the time comes when they need it. A homeowner’s insurance policy can help cover losses and expenses when disaster strikes. The right policy protects from losses due to fire, theft, vandalism, falling objects, and more.

Natural disasters happen more often in Wheat Ridge, CO than some think. When you experience such a traumatic event, there’s a good chance that your home won’t be the only thing damaged. Many homeowners insurance policies today offer protection from damage to personal belongings, such as clothing, furniture, and electronics. They may also cover expenses that may come with a crisis, such as hotel stays for displaced residents or money for food when kitchens are no longer usable. In the event of a loss, your insurance company may also cover the costs for damage to your property.

Homeowners insurance can help you recover financially after a disaster, but you need to ensure that enough insurance covers you to protect your house and property. You’ll want to ensure that you have replacement coverage, which will help pay to replace your property if it’s damaged or destroyed. You’ll also want to ensure that you have liability coverage in case someone is injured while on your property. Another important type of coverage is personal property coverage, which will help pay to repair or replace your belongings if damaged or destroyed. You may even want to add a floater policy if you own certain valuables, such as jewelry and collectibles.

To ensure that your coverage is sufficient in case of home or property damage, reach out to CO Insurance Specialist today. We can inform you of available policies, add-ons, and more.

How Can I Get The Best Deal On Condo Insurance?

Some condos may not be covered at all by some insurers. In most cases, an individual who owns a single-family home must purchase home insurance, and a condo owner buys condo insurance. 

There are many factors to consider when shopping around for condo insurance, including the type of coverage you need and the price you are willing to pay. It’s best to start by speaking with an agent to get more information. If living in Wheat Ridge, CO, talk to CO Insurance Specialists. 

Best Deal on Condo Insurance 

Every condo owner wants the best deal on their condo insurance, but how can you identify the best deal without getting scammed? Look for a company that offers specialty insurance for your specific needs. For example, if you own a single-family home, you probably don’t want to buy home insurance to protect your investment property. 

Instead, you can buy a specialty policy that protects your investment property. If you own multiple properties, make sure you’re getting the best rate for various properties. Most condo owners will receive a rate per unit instead of a rate per property. 

For the best deal, shop around, compare rates, and ensure you’re getting the right amount of coverage for your situation. If you own a condo and have tenants, ensure you’ve renter’s insurance to protect your tenants in the event of a fire or other catastrophe. 

Parting Remarks 

Some insurers may offer lower rates on a particular type of policy, and others may not offer a policy at all. Most companies will offer something labeled “rates” that may look low, but it likely includes things that make your condo more expensive to insure. 

Shop around. The same company can offer different offerings that you didn’t know about. Confer with CO Insurance Specialists if dwelling in Wheat Ridge, CO.

Tips for making your home a safer place

Making your home a safer place can mean different things to different people. It can be making sure that the house’s interior is safe from things that can endanger the occupants, or it can be keeping it safe from things outside your home or even a combination. At CO Insurance Specialists in Wheat Ridge, CO, we help our customers understand the coverage they have with their home insurance and make sure it is precisely what they need. 

Add a home security system.

It has never been easier or less expensive to have a home security system. Many of them are easy to install in only a few minutes, and they allow you to monitor your home 24/7 from wherever you are with your cellphone. You can opt for monthly monitoring or not. You will never wonder who is at your door again. 

Add and use deadbolts.

If you don’t currently have deadbolts on your home, you should. Not only should you have them, but you also need to use them every day. 

Use window locks

People forget that windows have locks, and intruders often find their way in through either left open or left unlocked windows. 

Cut back high bushes.

Keep the bushes close to your home small. You don’t want to give an intruder anyplace to hide. 

Use motion-activated lights

Place motion-activated lights so that if anyone approaches any of the doors on your house, they will turn on. It may be annoying because any animal who crosses the path can turn it on, but it is worth having the light you need. 

Contact CO Insurance Specialists in Wheat Ridge, CO on the phone, at our office, by text, video chat, or email for all of your home insurance needs. 

Are There Additional Homeowner’s Insurance Coverages I Should Get?

You may be glad you have a homeowner’s insurance policy that protects your home from unanticipated problems, such as a fire or a theft of your belongings. You may feel even better if you find out about the additional coverages you may need since a standard policy may not give you the compensation you deserve if you have a problem. 

You may need information about extra content coverage, personal property extensions of coverage, flood insurance, and earthquake insurance. The CO Insurance Specialists in Wheat Ridge, CO could be the insurance company that helps you with these additional items because they care about giving you the answers you need because you need this to protect your most expensive asset. Call them today to get the help you need with your policy.

Additional Contents Coverage

You can increase the coverage amount of your belongings if you need this additional coverage. Usually, your policy will give you content coverage that is a percentage of the value of your home. For example, 50 percent coverage of contents will protect your belongings with an amount equivalent to half of your home’s value. 

Personal Property Extensions of coverage

You may need additional coverage for specific types of your belongings, such as jewelry and computers. 

Flood Insurance

If you live in a flood-prone area, you may need flood coverage. This is an additional type of insurance that would need to be added to your homeowner’s policy. 

Earthquake Insurance

Your insurance company offers an earthquake policy that will protect you if an earthquake damages your home for an additional premium. 

Call CO Insurance Specialists in Wheat Ridge, CO today to get the help you need with your policy and additional coverages.

3 Ways to Make Your Home Greener

There are numerous ways in which you can create an eco-friendly home in Wheat Ridge, CO. Some ways are easier than others. However, if you are interested in sustainable living and going green, you will want to speak to an insurance agent at CO Insurance Specialist to ensure you are properly covered based on the changes you make. In the meantime, here are a few ways you can make your home greener.

Switch Out Incandescent Lights with LEDs

Who doesn’t like to save money? Well, you can save money on your utility bills while also saving the environment. LED lights tend to use approximately 75 percent less energy and can potentially last up to 25 times longer. To make things even more efficient, install motion sensors or automatic timers to ensure you don’t use the lights more than necessary.

Install a Smart Thermostat

With the installation of a smart thermostat, you can save money by heating and cooling your home while also reducing your energy emissions. You will want to create a schedule for your smart thermostat so it will operate accordingly. You can set it so that the thermostat kicks off in the morning when you leave for work and comes back on about an hour before you should arrive home. You can also set the thermostat to reduce its temperature at bedtime. Did you know if everyone were to use a programmable thermostat, it would be possible to offset about 13 billion pounds of greenhouse gases annually?

Use More Cold Water

A significant portion of your home’s energy goes toward heating water when you wash your clothes in hot water. You can reduce your energy use by 50 percent if you switch to warm water. However, if you want to save even more energy and money, switch it to cold water. Instead of using your dryer, opt to hang your clothes up to dry.

When you make technological upgrades to your home in Wheat Ridge, CO, reach out to CO Insurance Specialist to ensure they are covered by your home insurance policy.

Does Your Colorado Home Insurance Cover Roof Damage?

When you have suffered roof damage, the first worry is the expense. Your Colorado home insurance can cover it, depending on how the damage was caused. If there were falling or flying objects, or severe weather, your home insurance could cover it.

At CO Insurance Specialist, we want Wheat Ridge, CO residents to have the coverage they need when life crises hit. 

Roof Damage and Home Insurance

When you have damage to your roof, the kind of damage will determine what you can get from your home insurance claim. If there is weather damage such as hail, or an object has fallen on the roof, your home insurance will cover it.

The dwelling coverage of your home insurance policy will protect the structure of your home, and that includes your roof. You will have specific perils covered in your home insurance policy. If the cause of the roof damage is one of those perils, you can submit a claim on your home insurance. 

The extent of the damage is also important here. If there is some property or contents damage when your roof is damaged, you can submit a claim through your home insurance. 

If you have other structures on your property, and that roof is damaged by a covered peril, that will be covered by any other structures coverage that you have with your home insurance.

Yes, your roof damage will most likely be covered by your home insurance. Update your policy to have all perils coverage and you will not worry about this again.

Get a Quote

When you have roof damage on your home, it’s natural to worry about how it will be paid for.  At CO Insurance Specialist, we want Wheat Ridge, CO homeowners to feel secure with their home insurance policy. Call us for a quote to update your policy today.

Colorado Homeowners Insurance FAQs

Purchasing homeowners insurance in Wheat Ridge, CO, can bring up a lot of questions. Homeowners often wonder about how much insurance coverage they need and what type of insurance policy is best for them. Continue reading to learn more about some frequently asked questions about homeowners insurance in Colorado, then call the experts at CO Insurance Specialist. 

What Does Colorado Homeowners Insurance Cover? 

Homeowners insurance protects you against the many risks that may cause damage to your home. Most standard homeowners insurance policies cover the structure of your home, other structures (sheds, pools, fences, etc.), and personal property. Homeowner’s insurance policies also offer liability protection and medical protection when someone becomes injured on your property. 

Is Homeowners Insurance Required? 

The state does not require you to purchase homeowners insurance; however, your lender may require you to buy an insurance policy. Though not required by law, having homeowners insurance protects you against paying for repairs and medical bills out of pocket. 

How Much Home Insurance Do I Need? 

When purchasing a homeowners insurance policy, the amount of coverage you need depends on many factors. You want to ensure you are protected against any scenario, including extreme weather and accidents on your property. Additionally, you want to factor in how much it would cost out of pocket if you were to pay for repairs and damages to your home. Finally, consider the value of your personal property and ensure you have enough coverage to replace or repair your home’s contents. Homeowners with pets often purchase additional liability coverage in the event their pet bites someone.

Homeowners in Wheat Ridge, CO, need to consider their options when purchasing homeowners insurance. For answers to your questions, call the experts at CO Insurance Specialist today. 

Why Every Homeowner Needs Home Insurance

If you are a homeowner, you need to have home insurance in place as soon as you buy your home. It’s vital coverage that is likely required by your lender if you have one. If not, it’s still a bad idea to go without this valuable coverage for even a day. If you need home insurance, give us a call right away to talk to a CO Insurance Specialist in Wheat Ridge, CO.

Your Home Is Covered

The house itself is something you have invested in, and it can cost a lot to repair or even rebuild it if the worst were to happen. With your home insurance policy, you are covered for a number of calamities and disasters that can happen. If your home were to be damaged or destroyed, this policy is there to pay for it to be rebuilt or fixed. Without this coverage, your house could be a total loss and you would likely be unable to rebuild it. 

Your Belongings Are Covered

Everything that is inside your house is also important to protect. The home insurance policy that you have also covers your possessions. This coverage comes in extremely handy if there is a disaster or accident that causes a lot of damage to your things. Without this policy, you would be on your own to replace everything that was ruined. 

Your Liability Is Covered

As with your auto insurance, your home insurance comes with liability coverage. That means that if you are held liable for an accident that someone has an accident in your home, the policy would pay for the medical bills instead of you. With medical bills so expensive, it’s always wise to have this coverage. 

Get Your Home Policy

If you are in need of home insurance, call us now to talk with a CO Insurance Specialist in Wheat Ridge, CO.

Should new home owners buy home insurance immediately?

Should new homeowners buy home insurance immediately?

Buying a new home comes with many considerations to make—the size of the home, location, proximity to social amenities, entertainment features, and the house’s overall design.  With a whole load of paperwork to do and boxes to move and sort, it’s easy to get carried away and forget about essentials like home insurance. Most Wheat Ridge, CO insurance experts recommend buying home insurance early to give your insurer time to underwrite and determine the appropriate coverage level for you.

Should you buy insurance when buying a home?

It depends on your finances. If you are buying your home on a mortgage, your mortgage company will want to see proof of insurance days before the closing.  The CO insurance Specialist recommends shopping around for home insurance around 30 days before the closing to avoid insurance-related delays. The earlier you begin shopping, the faster you become familiar with your policy.

Buy early and secure your home

Don’t wait till accidents start happening to buy insurance. You might not get the chance to buy the policy when a fire burns your entire home down.  Home insurance is a critical family coverage that protects you, your home, and your loved ones. Liability coverage protects you against legal action when someone gets hurt on your property. If a guest decided to sue you for an injury they sustained when they visited you at your housewarming party, your policy could come in and cover the medical bills and lawsuit.

Shopping early comes with benefits

Buying your policy early means learning what is covered in your policy and what is not. Home insurance policies in Wheat Ridge, CO, cover a wide range of perils but not all of them.  For instance, mold, pest infestations, leaking roof, and normal wear and tear are not covered.  If you buy your policy early, you can learn what is not covered, adjust your policy and avoid filing uncovered claims, which can raise your premiums.

Looking to buy home insurance? Let CO Insurance Specialist help you protect what matters to you most. Call us today!

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