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CO Insurance Specialist

6990 W. 38th Ave. #200
Wheat Ridge, CO 80033

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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!

Who should get home insurance in Wheat Ridge?

For those that are moving to the state of Colorado, Wheat Ridge, CO can be a great place to live. This community is near Denver and the local mountains, which offers plenty of options for recreation. When you are looking to purchase a home in this area, you will want to know that you are properly covered at all times. There are many situations in which a property owner should get a home insurance plan. 

Those that Want to Protect Asset

A situation when it is a good idea to get a home insurance plan is when you want to protect your property. Your home will likely be the most valuable asset that you will ever own. Due to this, you need to ensure that you protect this asset as well as possible. Those that get home insurance are going to have coverage if their home is damaged or destroyed. 

Those that Want Liability Protection

Anyone that owns a home will have some personal liability risk. If there is ever an accident that happens in your home and someone is hurt, you could be responsible for the damages. When you get home insurance, there will be components of coverage that will offer protection against this risk. This could prove to be very helpful in some challenging situations. 

Anyone that is looking to get a home insurance plan in the Wheat Ridge, CO area should speak with the team at the CO Insurance Specialist. If you are going to call the CO Insurance Specialist you are going to receive great support and guidance. The team here is able to provide you with personalized guidance and support, which ensures you will be able to pick an insurance plan that covers your home and provides you with comfort. 

Home Insurance Requirements and Coverage Options

One of the largest, most exciting investments you will make in your lifetime is the purchase of your home and you will want to protect it properly through an excellent home insurance policy. The agents the CO Insurance Specialist in Wheat Ridge, CO are prepared to help you create the best home insurance policy for you and your situation.

If you have a mortgage or second mortgage on your home, you will probably be required to have a home insurance policy by your lender and even if you do not, it is a good idea to have a home insurance policy in place anyway.

Coverage Options of Home Insurance

Home insurance is designed to protect your investment in your house if it is damaged or destroyed by a fire, natural disaster, or vandalism. It will also cover your personal property, including your clothing, appliances, and furniture. It also includes liability insurance so that you are covered if someone is injured while visiting your home due to some sort of accident or mishap. If your home is broken into and items are stolen, your home insurance will help replace those items.

You and your home insurance agent can determine if other buildings and structures on your property are going to be covered. This part of your policy can include coverage for structures, such as sheds, decks, and garages.

Call for a Quote Today

To create the best home insurance policy for you and your situation, call upon the agents at the CO Insurance Specialist in Wheat Ridge, CO for a quote and an appointment to get your policy started so your beautiful home is covered and you have the solace in knowing that your investment is safe.

Who in Colorado needs home insurance?

In the Wheat Ridge, CO area, owning a home can be a great long-term investment. Not only will it ensure that you have a stable place to live, but it can also provide you with a great investment for your future. If you do purchase a home here, you will want to protect that investment as well as you can. A great way to do this is by getting home insurance. There are several situations when someone here will need to have this insurance coverage.

When Taking Out a Loan

One situation when you will need to get home insurance is when you intend to take out a loan. Most people here will finance their home purchase with a mortgage. When you do get a mortgage, the lender is going to have some specific requirements that need to be met. This can include requiring that you escrow monthly for your home insurance payments, which ensures there will not be a coverage lapse.

When Trying to Protect Home

Even if you do not have specific insurance requirements, you should still look to get coverage simply to protect your asset. Your home is a very major and important asset that you need to cover and protect. With home insurance, you will have the coverage needed to protect this investment. 

It continues to be very important for people all over the Wheat Ridge, CO area to get home insurance. If you are going to look for a new insurance policy here, you should get guidance from someone that is experienced. The team at the CO Insurance Specialist can help you build a policy that is right for your situation. CO Insurance Specialist will review your specific needs to ensure that you are building a policy that gives great coverage and adequately protects your home. 

Is Home Insurance a Legal Requirement in Wheat Ridge?

When it comes to your legal requirements and insurance, the facts aren’t always clear. You may have heard that you need home insurance if you purchase a property in Wheat Ridge, CO, but is this a fact? CO Insurance Specialist wants you to learn more about it so that you’re on the right side of the law. 

The Answer Depends

Like so many things in life, the question that you’re asking is dependent on whether or not you own the property outright. If you’re financing the home, the lender is going to want to protect their investment, which is why they’ll typically require a certain amount of coverage from different events. What your lender requires will depend on their regulations, but you do not legally need home insurance if the property does not have a lien on it. So if your parent gifted you a home that they paid off 10 years ago, you do not technically need home insurance. 

The Case for Having It Anyway 

No matter how you came into the property and how much it’s worth, having home insurance is a way to protect yourself from a wide variety of events. From flooding to fires to vandalism, you should really be looking out for the land and structure you own. Property owners in Wheat Ridge, CO who look out for their homes are also looking out for their community as well — the more people take the time to guard their investment, the more everyone’s property will be worth. 

If you have questions about getting a policy or you’re thinking of changing the one you already have, CO Insurance Specialist is here to help. Give us a call to learn more about our company and what we can do for you. 

The Need for Reliable Home Insurance in Wheat Ridge, CO

If you live in Wheat Ridge, CO, then you probably know that your home is the most valuable asset that you own. As such, you need to protect your home from possible damage through your trusted local insurance agency. CO Insurance Specialist provides some of the most comprehensive insurance coverage to suit your needs.

Which is the best home insurance coverage policy?

The best home insurance policies are:

  • Comprehensive
  • Provide quality services
  • Have ideal pricing tiers
  • Provide customized insurance policies

You should consider all of the elements before you even think of approaching your local insurance agency for your home insurance coverage. Whether you have rented an apartment or you are a homeowner, the best home insurance policies should be able to offer coverage for your relative losses in case of a fire, theft, vandalism, or any other unfortunate events.

In fact, you should seek for home insurance that offers coverage for injuries incurred while on your premises. With CO Insurance Specialist, you will be able to cover all the possible occurrences that might cause accidents on your premises.

You need to make sure that you have a well – crafted inventory of all your personal items as well as any assets available in your home. They form the basis for your insurance coverage.

A comprehensive home insurance coverage entails most or all of the following policy coverage:

  • Dwelling
  • Personal Property
  • Loss of Use
  • Medical Expenses
  • Family / Personal Liability
  • Scheduled Personal Property
  • Attached structures

Contact Us

For you to get the most reliable home insurance coverage in Wheat Ridge, CO, get in touch with us today to learn more.

Home Insurance FAQs

CO Insurance Specialist provides quality insurance services to the community of Wheat Ridge, CO. We want all of our clients to be covered in case anything happens to their person or property and we want to provide clear answers to any questions you may have. Here are the most common questions we receive about home insurance in the area. 

Home Insurance In Colorado Frequently Asked Questions

  • Is home insurance a legal requirement in Colorado? Legally, no the state does not require homeowner’s insurance. However, you must carry a policy if you have a mortgage and it is always a good idea to have protection for your family home because it is the greatest asset that most people have. 
  • Should I add flood coverage? If you live in a flood zone flood coverage may be a requirement by your mortgage company. If you do not you may still want to add some flood insurance because even high and dry areas are not immune to flood damage in extreme situations. 
  • What if I rent my home out for the summer months? You may want to add rental property insurance and additional coverage for items inside to keep you protected from the unknown and to protect your renters. 
  • If my grown child moves back in does that change anything in terms of home insurance?  Legally, no. But there are certain increased risks that you may want to consider before you leave your policy as is. 

CO Insurance Specialist is your Wheat Ridge, CO insurance for all of your insurance needs from home, life, automobile, toy, and more. Contact us today to discuss your home insurance needs or for a quote for a new policy. 

How Will a Video Inventory Help if My House is Burglarized?

Video inventories are a great way to keep track of all your most valuable items. When you include a video inventory with your actual list of possessions, it allows your insurance agent to give you a better idea of how much insurance you should have in place to protect your home. at CO Insurance Specialist, the agents can assist Wheat Ridge, CO residents in creating a video inventory that can be used to help replace any items that are damaged in a burglary, house fire or flood.

Provides a Verifiable Record

A video inventory can be used to match existing items with those on your inventory checklist. This can be done by recording each items’ model and serial number. If new items are purchased, record videos of the box as well as the item and its identifiable information. This will go a long way in assisting your agent in recovering your items if they are stolen or damaged.

Shows the Condition of Your Items

A quality video will also show the condition of your items. While this may not seem important, it will show the condition of your item while it was in your possession versus when it was recovered. If there is extensive damage, it may need to be replaced.

In Wheat Ridge, CO, the agents of CO Insurance Specialist can provide you with instructions on how to properly create a video inventory of all your possessions. It is important that you keep a copy and then give one to your insurance agent so that they can have a record of your valuables. If a burglary occurs, contact your agent and they will be able to get your claim processed quickly by using your video inventory!

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