Raise Your Deductible for Lower Insurance Rates

insurance deductible

Across North America, hailstorms are responsible for billions of dollars in property damage every year. The increase in the impact of hailstorms has “outpaced advances in detection, forecasting and mitigation.” That was the matter-of-fact and almost clinical way that the National Center for Atmospheric Research laid things out in promoting the first North America Workshop… Read more »

Insurance Companies Change their Hail Policies

The days of an insurance company paying in full for a brand-new roof when yours is damaged in a hail storm are over. Here's how hail policies have been changing.

Hail season is about to arrive and so it’s hard not to think of May 8, 2017. Late that afternoon, a massive storm barreled through the Denver area, unleashing baseball-sized hail just as many of us were leaving the office for the day. The damage was widespread, although it was most evident around the Colorado… Read more »

Repeal of Pit Bull Bans Likely to Impact Homeowners’ Premiums

A pit bull ban may soon be repealed by the town council in Castle Rock, a move the breed’s advocates hope other cities will imitate.

A ban on pit bulls may soon be repealed by the town council in Castle Rock, a move the breed’s advocates hope other cities will imitate. One of the fastest-growing municipalities in Colorado, Castle Rock would weigh a dog’s behavior rather than its breed in issuing licenses. Assuming the council votes for the repeal, advocates… Read more »

Is Your Homeowner’s Policy Keeping Up In the Hot Real Estate Market?

homeowners policy

If you’re like most homeowners, the past few years have been cause for celebration. Home prices in Denver and elsewhere in Colorado have climbed steadily, even dramatically in some areas, and equity gains have been so strong that people are leveraging their real estate to remodel their homes or even buy a place in the… Read more »

6 Surprising Things Your Homeowner’s Insurance Covers

We all have a fairly clear idea of what our homeowner’s insurance policy covers and what it excludes. For example, everyone knows their policy will repair or rebuild their home if it’s damaged or destroyed by fire, hurricane, hail and lightning. Most homeowners also know their policy won’t cover earthquake or flood damage. Although every… Read more »

How Homeowner’s Insurance Protects Skiers

How does homeowner’s insurance protect us from liability when we (or our children) trigger collisions on the ski slopes? And what will a policy cover?

Ski season has arrived once again and with it comes concerns about injuries, hospitalization costs and liability. If you fall while skiing and are hurt, your medical insurance helps pay the costs. But what happens when you crash into and injure someone else? Or when your injury is another skier’s fault? Who pays? If you’re… Read more »

6 Ways to Save on Homeowner’s Insurance

Bundling, or insuring your home and auto with the same carrier, is a fairly well-recognized way to save money on your homeowner’s insurance premium. Smoke detectors, alarm systems and gated community patrol services also help. But there’s a lot more you can do to lower the cost of your policy. Here are seven things that… Read more »

Homeowners in Hail-Prone Colo. Now Face Higher Deductibles

Insurance carriers over the past few years have been forced to raise premiums for homeowner’s insurance in Colorado in response to a seemingly unrelenting stream of hailstorms, floods and wildfires. Going even further, some carriers are now changing their deductible formulas. These insurers are imposing deductibles based on a percentage of a home’s value rather… Read more »