We all think of a homeowners policy as a basic precaution for anyone who owns a home. If you don’t own any items of extreme value as we talked about in Homeowners Insurance Rider – Do I Need One, then a standard policy should have you pretty much covered up to certain limits. If you need more coverage than that, you can always add umbrella insurance just in case. However we’d like to look at another circumstance where you may need extra coverage for your home. In an expensive home market like we have in Colorado right now, many homeowners are turning to remodeling their home, and the benefits are obvious. Remodeling creates more space for a growing family or entertaining guests, and in most circumstances it can improve the overall value of your home. Before you get started on your big remodel, you may want to ask the question: Do I need home remodeling insurance?
Recently we talked about How To Insure Jewelry by adding a homeowners insurance rider, but did you know there are a lot of valuable items you can insure with a homeowners insurance rider? It doesn’t have to be just homeowners policies either, you can add a rider to a renters or condo insurance policy as well. Just like jewelry, insurance riders help cover valuable items that may fall outside a typical homeowners policy. Do you have a fine work of art or a treasured instrument stored in your home? An insurance rider may be just the safeguard you need. Let’s examine why you might need a homeowners insurance rider and some of the most popular items covered by them.
A lot of considerations go into your overall homeowners insurance policy. Namely there is the cost of rebuilding your home, the estimations needed to replace your valuables and the coverage needed to protect you in a liability suit (up to a certain point). That second measure is one we sometimes take for granted. Not every item is included in those estimates, and homeowners need to keep a working inventory of their most important valuables. Jewelry ranks up there as one of those most expensive valuables that are insured, but did you know that homeowners policies cover only a portion of jewelry? The same goes for renters or condo insurance, they only cover a portion of jewelry if any at all. But there’s something important you can do to ensure you’re covered. Let’s take a closer look at the important task of insuring jewelry as part of your overall homeowners policy.
Every year homeowners explore new ways to keep their premiums low and get the best coverage options out of their policies. While some may look at bundling new or existing services, or simply raising their deductible, there are more substantial measures you can take to keep those rates low for years to come. We call it preventative homeowner measures, and they can do wonders for homeowners that want to get the most out of their insurance coverage at the lowest cost possible. All wise homeowners investigate some form of preventive homeowner measures, and each year they choose certain projects to focus on based on their budget. You too can make similar decisions that will positively impact your property. Here are some of the top preventative homeowner measures we recommend and why.
Shopping around is important for any purchase, be it a vehicle, a pair of shoes, or insurance coverage. If you jump at the first thing you see or let the sales rep make the decision for you, chances are you’ll miss out on the deal you deserve. Far too many insurance customers are content to get one quote and just go with it, but they could be missing out on hundreds or even thousands of dollars in savings. Don’t believe us? Here are some real life examples of big savings we’ve provided for our customers by shopping insurance coverage options and why.
Another long year has passed and it’s time to look ahead towards the coming year. While most are considering weight loss plans and other resolutions, or simply enjoying the New Year revelry, there is also a time where you have to evaluate your 2018 finances. It may not sound too exciting, but your insurance coverage is a big part of your 2018 plan. So before you put it off or forget to do it altogether, here are some 2018 insurance resolutions for the new year.
The difference between Market Value (sales price) and Replacement Cost (insurable value).
The Real Estate Market in Colorado is booming, and as a result the value of many Colorado homes is going up. New home buyers are seeing the price of the homes they buy go up as well. Homeowners insurance is an important part of the equation of buying a new home, and in a market like we’re seeing in Colorado, it can bring up some confusing situations. Today we’d like to address a common question we receive from those who just purchased a home: “Why Am I Insuring My Home For Half Of What I Just Paid?”
Day after day, commercial after commercial, promises of savings and better auto policies flash on your television. Americans love to talk about switching and saving on their auto coverage, but here is a quick tip. The best way to save on your auto policy, and your insurance policies in general, is to learn more about your coverage options. Auto insurance FAQs range from simple “Do I Need Car Insurance” to much more complex questions. We’d like to guide you through some of the most common auto insurance FAQs so you’ll be informed and ready to find the best coverage for you.
It’s that time of the year in Colorado. As temperatures drop, the morning walk to the car, and the shivering after you first start it, can be a pretty unpleasant experience. This is especially true when you do it day in and day out. It’s tempting to start the car before you have to leave so it’s warm when you get into it. Today many drivers all around the country rely on this tactic to prevent those first few freezing minutes of the drive. What many Colorado residents might not know is that this practice, known as “puffing” or “car puffing,” is illegal in the state. Even though it is an established law, every year people ignore it or simply don’t understand why it is a law. Fact is car puffing has some severe consequences, which led it to be outlawed in the first place. Let’s learn more about car puffing and why it is illegal.
Halloween is almost upon us, and there’s plenty to do for both families and adults around Denver this year. While many events will be repeats from last year or classic traditions, there are several new events sure to catch your eye. You’ll be able to take the kids to some events and then drop them off at the babysitter so you can attend more adult-themed events in the evening. Here’s your guide to spooky Denver Halloween destinations in 2017.