Colorado Home Insurance

Your home is your biggest investment, the place that holds everything you care about. That’s why when you buy home insurance in Colorado, you want a company that you can count on, one that will be there in case of emergency to quickly return everything to normal. But whether you live in Denver, Boulder, Pueblo or Durango, there’s no reason that you have to pay a lot for homeowners insurance! That’s why we created Insurance-Rates-Online.com – to help you shop smart for the best Colorado home insurance coverage at the best price.

Before You Buy Colorado Home Insurance

Home insurance is not required by law in Colorado, but if you have a mortgage your lender will most certainly require you to have a policy. In fact, if you don’t have one, they will buy one for you, and charge you for it; make sure to buy a policy on your own, because one through a mortgage company will be overpriced.

The most important thing is to get enough insurance to cover rebuilding your home. When you look at different policies and quotes see what kind of replacement coverage is included. Make sure you know what you’re buying:

• Actual Cash Value (ACV) – Pays the replacement cost of the property after depreciation. While this type of insurance is the least expensive it does mean that you’ll have to come up with the difference between the current replacement cost and the depreciated value if something happens.
• Replacement Cost – You’ll pay more for this type, but it’s worth it. This will pay the cost to rebuild your home up to the limit of your policy.
• Guaranteed Replacement Cost – If you want to sleep well at night, knowing that if anything happens to your house, it will be completely replaced, even if it exceeds your policy limit. You’ll pay more for this guarantee, but just think of the true value it provides.

Home Insurance Exclusions

Each policy will include a list of exclusions – things that aren’t covered by your policy. Check your exclusions to make sure that you’re covered against frequent Colorado perils, like tornados, flooding, forest fires, or avalanches, depending on where you live.

Personal Property Coverage

Your policy will include coverage of personal property to a stated level, usually 50% of your limit. There are also specific limits on the reimbursement amounts for specific types of property, like computers, jewelry, cameras, etc. If you need coverage beyond those limits, you’ll need to purchase a special rider which increases the coverage on your high value items.

Saving Money on Home Insurance in Colorado

There are several things you can do to save money on Colorado homeowners insurance. Here are a few ways to lower home insurance rates.

1. Raise the Deductible – Even increasing the deductible by just another $250 or $500 can make a huge difference in premiums.
2. Avoid frequent claims – Don’t look at home insurance as a piggybank that will pay to replace each little thing that breaks or gets damaged at your house. Submitting claims will eventually raise insurance rates, and too many claims can become a reason to get cancelled.
3. Combine Home and Auto Insurance – Buying both of these policies from the same insurance company should give a nice discount – sometimes as much as 15-20%.
4. Maintain Good Credit – Colorado allows insurance companies to use credit scores as a factor to determine insurance rates. Good credit tells your insurer that you pay bills on time, which insurance companies just love.

For more ideas, check out our Insurance Shopping Tips Page

Time to Shop for Colorado Home Insurance

Now that you know what to look for and how to save money on a home insurance policy, it’s time to shop. Like any major purchase, comparison shopping will help you find the best deal Its easy to get started – just enter your zip code in the box below and you’ll instantly be matched with top insurance companies offering coverage in your area. Click on three or four and request a free quote. Start saving money today – enter your zip code now!