As your family grow, a tailored home insurance for home owners will be a custom fit. You will have different needs at every stage of life with demands that will bring the future growth spurts to your doorstep. You will probably have a bigger family and more valuables as you get older. First time homeowners who may live in a similar dwelling will have different needs and expectations.

You may have valuables that need to be protected against fire and theft. This is why a tailored home insurance package is a great asset for home owners. The one size fits all policy does not always efficiently meet the needs of the holder. Protect your assets with the right coverage to meet every need that may arise.

Let a trusted insurance agent show you how to custom your home owners insurance to meet your growing family needs. Contact us today for a free quote

Experienced landlords are acutely aware of the importance of landlord insurance–particularly those who suffered losses in the past. Newbie property owners in their early ventures into renting homes or condos to others may still be unconvinced of the absolute need for this coverage. Save yourself from an expensive reality check.

Regardless of the assets or wealth of your renters, you must protect yourself with adequate landlord insurance. Your tenants, regardless of the health of their cash balances, only need to insure their personal property when renting. The responsibility to protect the home/condo and the safety of visitors sits directly in the landlord’s lap.

Here is a simple, yet all-to-common example to illustrate the dangers landlord’s face. Your tenants invite a few people over for dinner and to watch a ball game. It rains, sleets or snows before they arrive. As they walk up to the home or condo, one of the guests slips, falls and breaks an important part of their body. Guess who is typically liable for medical costs, loss of income and psychological trauma? You, as the owner of the real estate.

Similar events are actually more common than the other hazards (fire, lightening, water, wind damage, etc.) that you should always protect against. Unfortunately, liability awards can sometimes vastly exceed the claim payments for serious physical damage to your home or condo.

Protect your assets. Shop for the best coverage and prices from an independent agent with an interactive website that allows you to get multiple quotes from different insurance companies. You–and your bank balance–will be very happy you took the short time to get multiple landlord insurance quotes from a trusted independent agent.

If you own a home and you live in Colorado, you need Colorado homeowners insurance. Here are some things to consider when you’re shopping for Colorado homeowners insurance:

Buy enough homeowners insurance to cover your home’s replacement value

One of the mistakes many homeowners make is to insure their home for its current rather than replacement value. Keep in mind that if something happens to your home and you’ll need to repair or even completely rebuild it, you’ll likely need more coverage than that notify your home’s current value. Therefore, when you buy Colorado homeowners insurance coverage, make sure you buy enough insurance to repair or even replace your home in its entirety.

Buy enough insurance to cover your possessions’ replacement value, too

As with your home, you also need to make sure you have enough money to re-buy your possessions in the event you lose them because of disaster, theft, etc. Again, remember that you need to buy enough insurance to replace them at what they’ll cost you at the time of re-purchase. In other words, don’t assess the value of your possessions at current market value. You won’t have enough money, likely, to replace everything you need to. Instead, ascertain what they’ll cost you to replace them and then buy enough coverage based on that.

Reassess possessions and home value on a regular basis

Every few years, go through and re-inventory your possessions, making note of new things you’ve bought or things you no longer have and things for which you no longer need coverage. Reassess your home’s replacement value on a regular basis, too. By doing this, things will be up to date so that if something should happen, you’ll be prepared and can file an accurate claim for your possessions and/or house in the event of disaster.

It’s a happy day when the home mortgage is finally paid off. Those big monthly payments are over, right? But there is one very important thing to remember if your home insurance payments were rolled into those large mortgage payments: You need to continue home insurance coverage; it is too important to lose. If insurance was part of the mortgage, as is normally required by many mortgage lenders, the insurance coverage will automatically be terminated soon after the final payment is made. Your home and its contents will no longer be insured, and you may also lose liability insurance that was included in that policy.

Here’s what to do shortly before the home is paid off:

1. Contact your insurance agent to arrange for continuation of all insurance policies for the home, contents and liability. Insure for the cost of rebuilding, not market value.
2. Make sure your new policies begin at the same time the old one terminates.
3. If you want to save money on premiums, switch to a large deductible. This is much better than trying to go without insurance on your property.
4. Be sure you receive discounts for applicable improvements, such as smoke alarms, dead-bolt locks, sprinkler systems, and so forth. If you belong to a fraternal organization, there may also be a discount available. If you insure vehicles and your home with the same company, a discount for multiple policies may apply.

Protect yourself and your paid-off home by continuing insurance coverage on the buildings, contents, and outbuildings and include a comprehensive policy. Comprehensive insurance covers damage from natural disasters like fire, lightning, hail, ice, falling trees, explosions, earthquake, vandalism and other situations. Liability insurance is a must to avoid expensive legal situations that evolve if someone slips and falls on your property or is otherwise injured. Consult with your agent for exact recommendations.

Colorado homeowners insurance is a necessity for you if you own a home in Colorado. Here are three things you should know before you buy your Colorado home insurance policy:

Make sure you buy the right policy

All home insurance in Colorado is not created equal. Your policy should cover four things in order to be fully protected:

1. The contents of your house (your possessions)
2. The structure of your house
3. Your liability to others in the event you are found responsible for injuries or accidents that occur on your property, and
4. Your living expenses if you are forced out of your house in the event it becomes unlivable, such that you must live someplace else

Buy replacement value insurance

This is a mistake many people make when they buy home insurance in Colorado. You should always buy replacement value insurance so that your possessions will be replaced at "new value" levels; in other words, that’s what you’ll spend to replace current (used) possessions with new ones. If you opt for insurance coverage that only covers "current value" levels of your possessions, you may not have enough money to replace everything you need to.

Make sure you understand the claims process clearly before disaster strikes

Your Colorado home insurance agent should clearly explain what you need to have in hand in order to have a claims process go smoothly. Make sure you understand the claims process before anything happens, and put the agent’s instructions in a safe place, along with your inventory and other documentation.

Need of Colorado car insurance and Colorado homeowners insurance? Follow these tips for the best deal on your coverage!

Obtain price quotes from a variety of Colorado car insurance companies

It pays to shop around when looking for car and homeowner insurance quotes. Colorado insurance companies may quote widely different prices from their competitors so it pays to get quotes from 4 or 5 difference insurance agencies. Need help finding Colorado insurance agencies? Ask a friend for a recommendation or see if your local mechanic has any favorites.

Research each company before you request a quote

The Internet has made it very easy to check out companies that offer car insurance in Colorado and/or Colorado home insurance before you even request a quote. It’s often true that top-ranked companies in your search results will also have good reputations, since a company’s higher search rankings often go hand in hand with happy customers. However, it’s still a good idea to check several of them out before you request a quote. Check with the Colorado or Denver Better Business Bureaus or chambers of commerce to see if there have been any complaints filed against the firms.

Bundle Colorado auto insurance and Colorado home insurance to save money

When you request quotes from the companies you choose, ask for separate auto and home insurance quotes, and then ask for bundled rates as well. In general, companies will give you lower rates when you bundle your insurance, meaning that you get policies in both home and auto insurance from the same company. Choose the lowest priced policy that still gives you the coverage you want.

If you live in Colorado and you own a home, you need homeowners insurance in Colorado. Here are some things to consider to make sure you choose the right insurance coverage for your needs:

Choose the least expensive policy to meet your needs

For many people, a relatively inexpensive and basic Colorado home insurance policy will provide plenty of coverage for structural damage to the home and loss of possessions if disaster strikes, but it will provide little to none for things like expensive jewelry. Don’t pay for extra coverage unless you actually have those possessions.

Take a thorough inventory of your home

Before you choose your policy, take a thorough inventory of your home and document everything. This will give you a good idea of what you’ll need to replace in the event you do have structural damage to your home and/or loss of possessions from disaster.

Opt for replacement value coverage

If you do have a disaster, you’ll need to pay for the reconstruction/repair of your home and replacement of your possessions based upon what they’ll cost you new – more than what your possessions or home are actually currently worth. Therefore, do not base Colorado home insurance coverage on today’s value of your possessions or home, or you’ll likely find yourself without enough money to replace them.

Regularly review and revise your policy as needed

Anytime you make major purchases or significantly remodel (and therefore increase the value of) your home, revise your Colorado homeowners insurance policy. You need enough coverage to rebuild that new addition or replace that just-purchased plasma TV in the event of disaster, things an outdated policy may not cover.