Colorado Springs Homeowners Insurance
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Americans have always had the dream of home ownership. Owning a home in Colorado Springs is a dream shared by many Colorado residents. Owning a home is one of a family's most expensive assets. From the mortgage payments, utilities, maintenance, property taxes and homeowners insurance premiums, home ownership is a lifelong project and commitment.

Doesn't it make sense to properly insure your most valuable asset with some type of homeowners insurance policy? Often, knowing what type of coverage you need is the first step in smart shopping. Possibly, you just need a policy to meet the minimal requirements imposed by your mortgage lender in the event of a catastrophic claim. Perhaps you have a "one-of-a-kind"custom home that needs very specific policy coverage to properly insure your investment.

It's also possible that you have a new home and want to make sure the it will be properly replaced down to the roof nails with similar building materials. Most of our insurance carriers offer "Replacement Coverage" for your home as an alternative to an "Actual Cash Value" policy which accounts for depreciation in the event of a claim.

Your Colorado Springs homeowners insurance policy price is normally based on the following factors:

Construction Material of the Home-Typically, homes made from bricks and stone pose less of a risk of "total loss" in the event of a catastrophe such as a home fire. Statistically, a home constructed of more than 50% masonry is less prone to a total loss than a similar home made entirely from wood (frame home).

Distance from home to nearest fire department or fire hydrant-It may seem like an obvious reason that a home in a rural area in more likely to burn to the ground than a home in an established neighborhood, but it is more than that. Each city or municipality actually has it's own Fire Record (sometimes known as the "Key Rate"). This is a measure of a municipality's readiness, ability and track record of effectively fighting fires.

Prior Claims History-If you have are prone to having homeowner insurance claims, you will find yourself paying claim surcharges on your home policy. Most carriers do offer "claim free discounts" to reward customers with a good claims history.

Credit History or Insurance "Credit Score" -Relatively new to the insurance industry is the use of credit history for the insureds. Often this is referred to as your "Insurance Score" and is based on your financial responsibility. The insurance companies believe that insureds with lower credit scores (lower "insurance scores") are more likely to have a higher number of claims (frequency) and higher losses on their claims (severity). Each state mandates what credit information can be used in underwriting and pricing policies for consumers.

Shopping for the best rates for Colorado Springs homeowners insurance policies is easily accomplished when professional Colorado Springs insurance agents and carriers compete for your business and offer you their best rates. Often times consumers lack the information necessary to get the proper coverage for their needs. Professionally licensed Colorado insurance agents in Colorado Springs are eager to ask you the proper questions regarding your insurance policy and enhance your shopping experience.

Colorado Homeowners Insurance News:

Suthers cracks down on mortgage fraud - Rocky Mountain News
Suthers cracks down on mortgage fraudRocky Mountain News, CO - Nov 18, 2008Suthers also said he has taken action to protect homeowners who are in foreclosure from “rescue” firms that are not following Colorado’s Foreclosure ...AG forces "truthful" loans Denver PostAttorney General cracks down on deceptive mortgage ads kwgn.comSuthers cracks down on mortgage fraud Rocky Mountain Newsall 4 news articles

Suthers cracks down on mortgage ads - Bizjournals.com
Suthers cracks down on mortgage adsBizjournals.com, NC - Nov 18, 2008A settlement has been reached with Sacramento, Calif.,-based Tri-Point Realty, which allegedly sent letters to Colorado homeowners that falsely appeared to ...

California wildfire lessons: Steps by homeowners cut damage - Christian Science Monitor
Christian Science MonitorCalifornia wildfire lessons: Steps by homeowners cut damageChristian Science Monitor, MA - Nov 18, 2008Also, homeowners and communities are taking voluntary preventive measures such as practicing fire-resistant construction. New California building codes, ...

Habitat for Humanity Celebrates Its 1000th Colorado Home Dedication - MarketWatch
Habitat for Humanity Celebrates Its 1000th Colorado Home DedicationMarketWatch - Nov 18, 2008... over the ceremony and celebration, and will be joined by fellow Habitat for Humanity homeowners and supporters from all over the state of Colorado. ...

Modified- loan services face scrutiny - Denver Post
Modified- loan services face scrutinyDenver Post, CO - Nov 19, 2008"We are getting a considerable number of complaints from homeowners who are being charged high fees with no results," said Zachary Urban, division spokesman ...Loan modifications require mortgage broker license Rocky Mountain Newsall 2 news articles