Homeowners Insurance in Greeley, CO

Understanding the importance of homeowners insurance should be a top priority for any homeowner because your home represents a significant investment that must be protected from potential financial risks.

How Much Home Insurance Do I Need?

Homeowners insurance needs will vary by policyholder and property details. A standard home insurance policy may cover liability situations, physical damage to your property and additional living expenses if a covered event makes your home temporarily inhabitable. However, a standard policy might not suit the needs of everyone.

Some homeowners may augment their policies to include enhanced protection, such as flood or earthquake insurance.

Speak with an agent to better understand your insurance needs. If you have a mortgage, your lender likely has requirements in terms of insurance coverage. Additionally, some homeowners associations may also stipulate certain coverage.

How Many Home Insurance Claims Can You File?

There is generally no limit to the number of home insurance claims you can make. However, each claim should be carefully evaluated before it’s submitted. Filing multiple claims within a policy period may have consequences when it comes to coverage affordability and renewal.

Insurance providers may raise rates after multiple claims or refuse to renew coverage when the policy ends. This is why paying for small, affordable home issues out of pocket without involving insurance can make sense, especially if you’ve already submitted claims recently.

Do I Buy Homeowners Insurance Before Closing?

If buying a new home, it can be advisable to retain insurance coverage before closing. In fact, having proof of home insurance may be a requirement if working with a lender. Talk with your lender and insurance agent to determine the best course of action for your situation.

Where Can I Get Homeowners Insurance?

Look no further than Aztlan Insurance Agency for your home insurance needs. Our agents can help review your circumstances and recommend affordable coverage options to best protect your property and family.