Denver Insurance | Colorado Car Insurance | Colorado Homeowners Insurance

Determining What kind of Coverage to Get

Homeowner’s insurance policies can be customized to meet your needs. If you live in a single family home, then you will need a standard homeowner’s insurance policy to provide financial protection for your home in the event of a fire, or water damage. Your homeowner’s insurance policy will also protect the property inside the home and protect you from any liability in the event that a guest is hurt while on your property.You can custom tailor your policy to include any extra coverage to protect you in other circumstances.

Most homeowner’s insurance policies are written using a HO-3 contract form which provides broad coverage for your dwelling, personal property and specific perils as outlined in your policy. Here are some coverages that are available:

• Additional living expense coverage will pay for reasonable living expenses incurred when a covered loss makes your home uninhabitable. This can include payments for a new place to stay, food and other increased living expenses.
• Dwelling protection protects your home from a wide range of perils as outlined in your policy.
• Family liability protection protects to policyholder from covered accidental bodily injury or property damage to other.
• Guest medical coverage protects your guest in the event of injury on your property resulting from a covered loss. This includes reasonable and necessary medical expenses incurred regardless of who was at fault.
• Loss assessment coverage pays for your expenses for a covered loss, up to policy limits when your association requires as assessment on unit owners for certain covered losses.
• Personal property protection covers movable property such as furniture, clothing, and goods.
• Protection for other structures protects the policy holders other dwellings on the property including a detached garage, storage unit, fence, gazebo or other as outlined in your policy.
• Replacement cost coverage provides reimbursement to the policyholder for costs incurred in the event of a covered loss.