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CO Insurance Specialist

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

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Facts About Condo Insurance

If you own or rent a condo, you need to ensure you have the right insurance policy. Anyone who fails to do so is leaving themselves exposed to potentially serious liabilities, while the right condo insurance policy can reduce risk. The same is true for renters’ insurance and other insurance programs. Contact CO Insurance Specialist, serving Wheat Ridge, CO, and beyond, to learn more about condo insurance policies.

A Closer Look at Condos and Condo Insurance

Millions of Americans live in condos, HOA units, and apartments. Data can vary from source to source, but the Federal government notes that roughly 5 million American households dwell in a condo. In New York, nearly a quarter of the population lives in an apartment-type unit, according to Statista. In Colorado, about 13 percent live in an apartment.

Often, folks living in apartments and condos fail to realize that they may need renters’ or condo insurance. With renters, for example, only about 55 percent have insurance and the property owner’s insurance policy may not cover vital liabilities. Unfortunately, if you don’t have the right insurance policies for your situation, there is a serious risk of exposing yourself and other loved ones.

A general insurance policy might cover a condo building. However, this policy may not cover everything, and your personal unit might be primarily uncovered. Often, an insurance policy for the condo building will only cover certain things, like public areas or damage to exteriors. Meanwhile, damage inside your unit, say, caused by a break-in, may not be covered.

Is condo insurance right for you? Before taking out an insurance policy, it’s essential to evaluate your needs closely. Then you can select an insurance policy based on said needs. Contact CO Insurance Specialist serving Wheat Ridge, CO, and beyond, and we can help you compare condo insurance policies.

Does Home Insurance Cover Termite Damage?

Home insurance is one of the most essential tools a homeowner can possess to help them avoid losses related to risks. One particular risk for any homeowner is termite damage. If you’re interested in finding home insurance coverage that protects against termite damage and other dangers, please get in touch with our insurance experts at CO Insurance Specialist. We proudly offer quality services to Wheat Ridge, CO, residents.

Termite Damage 

One significant risk to many homeowners is termite damage. Termites are small pests that eat wooden structures and can seriously compromise the integrity of a home. Termite damage is costly and can create significant damage to a building. Quality home insurance coverage is the best way to protect homeowners against termites. You can work with one of our helpful insurance agents to get policy protection that can offer security and peace of mind against associated risks such as termites and more. We work closely with each customer to assess their current and future needs. We then take the time to match our customers with insurance policies that offer the most benefits.

We also offer various products and services for other insurance needs. Our goal is to protect our customers by helping them choose the right Insurance products for each specific need. Will provide support and education during the process of policy selection and support during the policy’s lifetime for any changes or claims submissions.

Reach Out Today 

Anyone interested in securing home insurance that offers them an umbrella of protection against various risks should consult with our insurance team at CO Insurance Specialist. We strive to provide exceptional customer service with a full range of quality insurance products to the residents of the Wheat Ridge, CO, area. Call or stop by our office today to get more details.

Is Condo Insurance A Good Investment?

There is a lot of debate over which type of housing is the best sort of investment. Many believe that buying a house is the only intelligent housing investment. But the truth is different people have different housing needs. One size does not fit all. Many people choose condo living because it helps to simplify their housing situation. Even though you are not necessarily investing in a home you will own one day, you can make an intelligent investment by purchasing condo insurance. At CO Insurance Specialist serving Wheat Ridge, CO, we want to help you make wise insurance choices. Keep reading to learn more. 

How Is Condo Insurance An Investment?

Condo insurance is one way to protect your personal belongings while living in a condo. If the condo is damaged somehow and your personal belongings are lost or damaged, it is your financial responsibility to repair or replace those items. This might cause financial hardship if you must pay for all of that out of pocket. A solid condo insurance plan can help offset these expenses so that it does not put an unnecessary financial strain on you or your family. 

What Does Condo Insurance Cover?

Condo insurance provides coverage for your personal belongings. The amount of coverage you will need to purchase will depend on the value of the items. An insurance expert can help you to evaluate the items to ensure you get the right policy for your needs. 

If you want to learn more about condo insurance, please contact us at CO Insurance Specialist serving Wheat Ridge, CO, and the surrounding areas. 

Three Winter-Related Disaster Threats that Could Affect your Home

During this winter season, preparing your home for potential threats is vital. In Colorado, severe blizzards are usually common and can cause your pipes to freeze. This is just one of the winter-related disasters that can occur to your home as a Colorado resident. Our advisors at CO Insurance Specialist serving Wheat Ridge, CO can help you prepare for other disaster threats with the right home insurance plan.

Severe Winter Storms

The state of Colorado averages 60" of snowfall each year. With this state’s large amounts of snow and mountainous topography, you should also expect avalanches. Colorado averages 2,500 avalanches a year. These winter-related disasters could not only cause your house pipes to freeze but also affect the structure of your home. A good homeowner’s policy pays to repair or rebuild your home after a winter-related disaster.

Power Outages

Natural weather-related changes could affect the electric power lines. This could cause a severe power outage within your home. It’s vital to be prepared for that when the outage lasts more than a few hours. Some ways you can do this are by using a generator or solar power panels to keep the power up in your refrigerator and electronic devices.

Rapid Snowmelt

Besides electrical problems and severe snowstorms, you should also prepare your home for flooding called rapid snowmelt. The winter season sometimes undergoes periods of snow melting quickly, leading to severe flooding. This can cause leakage in your roof or other parts of your home. Construct a thorough action plan to secure your home and evacuate immediately.

Contact CO Insurance Specialist Today

If you want your home to be protected against these three threats this winter, don’t delay finding adequate home insurance. Contact our advisors at CO Insurance Specialist to find a plan sufficient to protect your home.

Three of the most common myths out there when it comes to home insurance

At CO Insurance Specialist, we can provide home insurance coverage to those in Wheat Ridge, CO. Meet your insurance needs in Colorado by contacting us today.

Unfortunately, there are a lot of consumers out there who believe certain myths about home insurance coverage. Here are three of the most common myths out here when it comes to home insurance. 

You’ll face a higher premium if you have to file a claim on your home insurance policy.

Home insurance providers shouldn’t increase your premium because you have to file one claim.

Too many insurance policyholders are reluctant to file a claim because they’re worried that claims will push up their premiums. Fortunately, this is not typically the case. 

Your home insurance policy will cover the full amount of the worth of your valuables. 

A standard home insurance policy includes limits on personal property coverage. If you have especially expensive valuables in your home, you should consider adding more personal property coverage to your home insurance policy. 

You’re not required to carry home insurance.

Indeed, you may not be required by law to carry home insurance. However, most homeowners are required by their mortgage lenders to carry home insurance.

If you borrow money to buy a home and drop your home insurance, you’ll probably face problems from your mortgage lender. That’s why it’s required for most homeowners to carry insurance. 

Being well-informed is essential to meet your home insurance needs adequately. We can provide you with the information you need at CO Insurance Specialist. When you’re ready for a policy quote, call or email us for details on our insurance offerings. 

Do You Need Condo Insurance in Colorado?

Homeowners insurance is one of those things that you hope you never have to use but are glad to have if you ever need it. If you own a condo in Wheat Ridge, CO, you may need a policy specific to your home.

What is Condo Insurance?

Condo insurance is a type of homeowners insurance specifically designed for condo owners. Like regular homeowners insurance, condo insurance covers your personal belongings and provides liability coverage if someone is injured while on your property. Your CO Insurance Specialist will be able to help you determine the amount of coverage you need based on the value of your belongings and the size of your condo.

Do You Need Condo Insurance?

Whether or not you need condo insurance in Colorado depends on several factors. First, check with your mortgage lender to see if they require you to carry condo insurance. Even if they don’t need it, it’s still a good idea to have it in case something happens to your unit or personal belongings.

Some HOAs have "blanket" policies that cover all units in the building for certain types of damage (like fire). However, each unit owner is still responsible for their own personal belongings and liability coverage. Additionally, check with your HOA to see what type of coverage they carry and what, if any, deductibles apply.

What Does Condo Insurance Cover?

Condo insurance policies vary depending on the insurer. However, most policies will cover your personal belongings (up to a certain amount), any damage to your unit caused by a covered event (like fire or wind damage), and your liability if someone is injured while on your property.

So if you’re a Wheat Ridge, CO condominium owner, call CO Insurance Specialist today to get a quote for our comprehensive condo insurance policy!

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. 

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