Homeowners insurance in the state of Colorado is basically divided into two categories. While some people choose to have only a minimal level of liability coverage for their homeowners coverage, most people elect to get a full coverage policy that includes both premises liability and coverage for the home itself. Keep reading to learn more about these two types of homeowners coverage plans in Colorado.
Liability coverage is a minimum insurance plan that will essentially extend protection to other people who come onto your property. This will include anyone who does not live within the home, for example your friends, your extended family, co-workers visiting your home, and even individuals who come to your home to make deliveries like mail persons.
If anyone happens to get injured, or even killed, while they are on your property or within your home due to your own fault, you are considered legally responsible for their injuries as the homeowner. Your liability coverage will pay for the treatment of injuries that happen to other people while on your property.
With home coverage, you get insurance coverage for your house as well as all of your possessions within it. This type of coverage can compensate you for situations like theft, natural disasters such as floods, and vandalism. Whether your home is burglarized and missing a few important items or whether it was burned to the ground, your home coverage will be what gives you the financial means to recover. You can choose the amount of coverage that you need based upon your current home value and the worth of your personal possessions. If you don’t feel sure about the right amount of coverage, our agents can help you create a policy perfect for your situation.
Don’t allow yourself to be unprotected. Homeowners coverage is something that you need, for your protection and for everyone else’s as well. You can get free online quotes from multiple major providers using our quote comparison tool today!