To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of companies so you can evaluate and compare the best Colorado dwelling policy companies. In the table above, you can sort through every homeowners indemnity caller ranked on Clearsurance. next to each insurance company you ‘ll find the party ‘s military rank, which is based entirely on the reviews and ratings provided by customers. note : entirely those companies with at least 25 reviews are eligible to appear in the best colorado homeowners indemnity rankings .
If you ‘re looking for extra information on one of the best homeowners insurance companies in Colorado, you can visit the company ‘s visibility page where you ‘ll learn about the company, extra coverages and potential discounts offered. You can besides read reviews to see what other policyholders have to say about the insurance caller .
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What types of coverage are included in a homeowners policy?
different homeowners policies will include different types of coverage, but the standard policy normally includes the comply .
Dwelling coverage – This is coverage for your theater itself, and normally contains protection from perils like fire, smoke, lightning, vandalism and malicious maleficence, and more. other structures coverage – This covers any extra structures you have on your place, like sheds, garages, and carports. Personal property coverage – This is coverage for the place inside your home. It pays for the haunt or replacement of items that are damaged or stolen. personal liability coverage – Liability protective covering pays for aesculapian bills if person is injured on your property, i.e., if person trips and falls or your cad bites person .
extra coverage options are normally available to add to your policy deoxyadenosine monophosphate well. Additional know expenses coverage pays for the price of hotels and food if you are unable to live in your dwelling as a consequence of damages. Identity larceny coverage protects your personal information from manque thieves .
People living in bad areas should ask their homeowners indemnity company if they need to purchase a separate policy to cover the allow perils, such as flood indemnity or earthquake indemnity .
People who live in high-value homes or who keep valuable items in their home like jewelry or melodious instruments, may wish to increase their policy limits. Those with considerable personal wealth may wish to increase their indebtedness limits.
Read more: The 7 Best Car Insurance Companies (2022)
In the table below you can compare the average homeowners rates in Colorado for the five largest home indemnity companies in the state. Of these companies, Safeco Insurance offers the cheapest homeowners policy rates in Colorado for a $ 200K dwell .
These rates are based on a $ 200,000 dwelling with the watch coverage limits : $ 100,000 personal property, $ 20,000 loss of practice, $ 20,000 other structures, $ 300,000 liability and $ 5,000 medical. The policy has a $ 1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should lone be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services .
Among the five largest homeowners insurance companies in Colorado, Safeco Insurance offers the cheapest average monetary value of homeowners policy rates for a $ 400K dwell .
These rates are based on a $ 400,000 dwelling with the pursue coverage limits : $ 200,000 personal place, $ 40,000 loss of manipulation, $ 40,000 other structures, $ 300,000 liability and $ 5,000 aesculapian. The policy has a $ 1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a commodity policy score. The rates displayed should alone be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services .
larceny and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. sol, how does crime in Colorado compare to other states around the state ? The FBI published the follow statistics on crime in Colorado for 2016 :
- Property crime – 151,850
- Burglary – 23,903
- Larceny theft – 108,336
The property crime and larceny larceny rates, when compared to the national average pace per 100,000 inhabitants, are slenderly above the national average. The burglary rates are slenderly below the national average rate. Regardless of the crime rates where you live, it ‘s significant to be surely you have the proper personal property coverage for peace of mind since cipher can predict when larceny or vandalism will happen .
Weather-related incidents are typically among the costliest homeowners policy claims. Whether it ‘s from body of water damage from flooding on the floors and walls or a hail damage to a roof, the surrogate monetary value can be expensive. It ‘s crucial to be sure your homeowners policy covers potential damages that you could incur from a natural calamity. In some cases you may require specific coverage options, like deluge indemnity coverage, for certain damages that are not standard to homeowner policies in your sphere .
FEMA has published statistics for each state since 1953. Data is updated through August 2018. here ’ s a expect at the Colorado federally declared disasters since 1953 :
- Fire – 57
- Flood – 13
- Severe storm – 3
- Coastal storm – 1
- Dam/levee break – 1
- Tornado – 1