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Homeowners Insurance in Colorado

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Home insurance provides vital protection for your home and assets. It takes just one damaging incident to threaten the investment you’ve made in your Colorado home. The Nick Hammer Agency can explore a policy that may offer the best financial safeguard from a potentially harmful event.

What Is Home Insurance?

Homeowners insurance is a package policy that includes both home protection and liability coverage. These protections are generally included in a policy:

  • Property structure coverage may help pay to repair or rebuild your home if a covered event damages or destroys it.
  • Personal belongings coverage may pay for furniture, clothing, sports equipment and other personal items stolen or destroyed by a covered incident. You may need a personal property endorsement or floater to insure more expensive items for their appraised value.
  • Liability protection coverage may pay for bodily injury and property damage that you or a family member cause. Your homeowners insurance may also pay court costs and awards—up to your policy limit.
  • Additional living expenses coverage may help pay your living expenses if you must live elsewhere because of a covered incident. These costs may include your hotel, meals and other living expenses—up to your policy limit.


The experts at the Nick Hammer Agency can explore the best coverage for your situation.

How Does Home Insurance Work?

Each insurance company has its specific process for home insurance. When you purchase a home insurance policy, you enter into an agreement in which you agree to pay a premium in exchange for the policy coverage your insurer provides. If you have a covered loss during your policy period, you may choose to file a claim against your policy.

How Much Home Insurance Do I Need for a Mortgage?

Before approving a home loan, most home lenders require proof of insurance from the home buyer. Your lender and your home’s location in Colorado may determine your needed coverage. Some homeowners decline home insurance, but doing so may put them at risk for covering costs if a harmful event occurs. A home insurance policy may help you cover costly repair and recovery expenses.

How Many Home Insurance Claims Is Too Many?

You may need to file a claim with your insurance company if you have a covered loss. Although there isn’t a rule regarding the number of claims you may file, your insurer may raise your insurance premium or decline the renewal of your policy because you pose too much of a risk.

Protect Your Home Investment

The Nick Hammer Agency helps protect Colorado homeowners with home policies tailored to their coverage needs. Call our team at 303-904-1552 to get a no-obligation policy quote.

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