Homeowners insurance is not a legal requirement in the state of Colorado, but that does not mean that you don’t need to have this type of coverage for your home. Here’s what you need to know about this style of insurance:

Why You Need It

Even though homeowners insurance is not required by law, you may still need to have it. If you are like most people, you purchased your home with a mortgage, rather than paying the balance in full. The vast majority of mortgage lenders will require you to obtain insurance coverage for at least the amount that you still owe on the house. Aside from that requirement, you may still will to obtain coverage for the full value of your home, not just the amount you owe.

What It Covers

Having full coverage on your home will protect you in the event that your house is destroyed by a storm, fire or other natural disaster. In the unfortunate event that this happens, you’ll want to make sure that you and your family receive the compensation you need to find new housing. You don’t want to be left out on the street in the cold simply because you neglected to obtain this essential coverage for your family. Depending on the type of coverage you choose, you may also wish to add coverage for your belongings as well, not just the house itself. By adding personal property coverage, you can get expensive items replaced in the event of damage or theft.

insureU Colorado Can Help

Here at insureU Colorado, we are experts in home insurance policies. If you are still unsure whether this type of coverage is right for you, our associates will be glad to answer any questions you have on the topic to help guide you in making your decision. Get in touch with us today to learn more about the policies we offer and how they can protect you and your family.