3 Tips for Buying Home Insurance in Bailey, CO

If you own a home, you know what a significant investment this represents. As a result, you need to ensure you protect it. Regardless of the location or price tag on your home in Bailey, CO, using the services of Centennial State Insurance Agency can help make sure your home is protected. Keep reading to learn how to purchase this insurance and how to get an affordable price.

1. Compare Quotes

One of the first things you should do when it is time to purchase homeowner’s insurance is to compare quotes from various service providers. Take some time to “see what’s out there.” By doing this, you can compare offers line by line to find out which one offers the most value. Keep in mind, the insurance company with the most value isn’t always going to be the one with the lowest prices.

2. Bundle Policies

Do you have car or life insurance with an insurer already? If so, you should consider bundling your insurance with this company, too. In many cases, by bundling all your polices with the same provider, you can save a significant amount of money. An added benefit of doing this is the fact that it’s much easier to keep track of everything and ensure it is paid on time month after month.

3. Work with a Reputable Agent

Perhaps the most important thing you can do when buying home insurance is to find a reputable agent. This person will help ensure you get the coverage you need for a price you can afford. If you are ready to purchase homeowners insurance for your home in Bailey, CO, contact the team at Centennial State Insurance Agency to get started. We will help you get the policy you want at the right price.

 

Practice Makes Perfect: How Often Should You Review Your Home Insurance Policy?

Is It Necessary to Review Your Home Insurance Policy Annually?

If you are like most people you do not have a clue as to the details of your home insurance coverage. In fact, most people do not take the time to familiarize themselves with the details of any of their insurance policy coverages. Typically, consumers wait until calamity strikes before they search for the policy. In other words, people wait until they need the coverage.

It is a great idea to review your insurance policy each time a renovation is in the works or a new pet or family member joins your household. Any major life event should include a review of your policy to make certain that the ramification of the item do not involve additional liability. Staying covered FULLY in any event is the best policy. 

A review is simply that – a review. It is important to have the initial view or reading as soon as possible. In the excitement of purchasing a home, it is easy to be preoccupied with the myriad of things that are going on all at once. Take the time to carefully read the policy so that you have an idea of what your protection is. You may want to add or subtract some items but should consult with Centennial State Insurance Agency in Bailey, CO first.

Don’t Stay in The Dark About What Coverage You Currently Have or Will Need

We are excited to help you with your questions regarding your home insurance policy. Please come in today to find our more about what your insurance options are. Centennial State Insurance Agency is located at 12 Rosalee Road, Bailey, CO 80421. If you prefer to contact us via telephone, our friendly and knowledgeable agents and staffers can be reached at 303-838-0554.

Is Home Insurance Different From State to State?

Home insurance is a necessity that many people neglect to learn about fully. There are hundreds of different coverage types, kinds of policies, and needs that are part of creating a home insurance policy. Though many home policies are similar, they are also different, and needs may differ from state to state. For those in the Bailey, CO area, the agents with Centennial State Insurance Agency can help you find the policy that works best for your home.

Home policies, though they all cover the same basic things like fire and theft, they also include different things based entirely on where the home is located. A home in Colorado, for instance, is going to need more coverage for something like snow or ice than a home in Arizona would since there are no snowstorms typically in Arizona. It is vital that when you create your home policy, you take not only your actual home and its value into consideration, but also the special circumstances that are particular to where you live.

Another thing to keep in mind is that when you are taking out a home policy, you may also need to add specialty policies based on where you live as well. If you live in an area where flooding is a regular occurrence, you may need flood insurance as well. If you live where a hurricane is likely to happen, you may need a hurricane policy as well. While the basic home policy does not change from state to state, the particular needs of the policyholder may vary. For those that live in the Bailey, CO area, the agents with Centennial State Insurance Agency may be helpful regarding creating your perfect policy dependent on where you live and what your home needs.

How Does Having Some Breeds of Dogs Affect My Homeowners Insurance?

Shopping for home insurance anywhere in the United States can be a significant challenge if you have a dog. The task may be even harder if your dog breed is considered dangerous by the insurance providers. At least 65% of US households have a dog as a pet according to a survey that was conducted by the American Products Association in various cities and states including Bailey, CO.

This statistic means that American households keep at least 78 million dogs as pets. Although this figure may seem impressive, it is also alarming since these dogs injure a lot of people every year. This is what has made some home insurance providers turn a wary eye towards your “best friend.”

Which Dog Breeds Are Considered Dangerous?

While most insurance providers, such as Centennial State insurance Agency, don’t have an official list of the various dog breeds that they classify as dangerous, a significant number of these insurers have an unofficial list that is usually termed as a vicious/aggressive dog breed list. You should expect to pay a high rate of premiums if your dog breed is on this list.

These lists usually include most of the breeds that are renowned for having a bite history. This implies that statistically, these dogs have a greater chance of causing harm to other people, so the chances of you filing a claim are high.

In fact, a significant number of home insurance providers in Bailey, CO will not even write insurance for homeowners with these dogs while those that will offer you a home insurance policy will exclude animal liability. This means that if you own this type of a dog and it bites someone, the insurance company will not cover the damage.

Which Dog Breeds Are Considered Vicious?

It is always good to know the dog breeds that are mostly discriminated against so that you can take precautionary measures early. The breeds most often discriminated include:

  • Rottweilers
  • German Shepherds
  • Pitbull and Staffordshire terriers
  • Akitas
  • Chow Chow
  • Doberman
  • Huskies
  • Wolf Hybrids
  • Great Danes

Are you a homeowner in Bailey, CO? Contact Centennial State Insurance Agency today for your homeowners’ insurance policy.

Preparing for Wildfire Evacuation

Preparing for Wildfire Evacuation

Last week we talked about some things you can do long before the danger of wildfire hits your area. This week we have some tips for preparing for a potential evacuation and what to do after a wildfire. It is very important to make sure your insurance is at the correct coverage amounts before a wildfire hits your area. Once an area has an active wildfire you can not make any changes to your coverages or issue a new policy.

Evacuation Prep

Being evacuated from your home is scary and is often comes with little notice. The best thing you can do, is prepare for fire season, which will help an evacuation go as smooth as possible.

Start by preparing an evacuation bag

In the bag you want to include:

  • Irreplaceable items, such as family heirlooms, one of a kind items, and family pictures. An alternative to packing up framed pictures is to keep digital copies of all your pictures on a flash drive and packing the flash drive (don’t forget to update the flash drive every year).
  • ID’s, licenses, passports, social security cards and other valuable documents.
  • Keep a backup sets of keys in the bag so you aren’t floundering to find them.
  • Have a list of important phone numbers, such as your bank, insurance company, doctor and emergency contacts. Some people prefer to pack copies of their insurance or other policies but having the policy numbers would be enough information.
  • Important logins and passwords will allow you to access any accounts on the fly.

Prepare a list of items you use on a daily basis

Having a list of items that can’t be prepacked will help you grab these important items faster and reduce the number of forgotten items. The list should include things like:

  • Laptop or tablet and phone or computer chargers
  • Medicine, glasses/contact and toiletries
  • A few days of clothes
  • Water and snacks
  • Money and credit cards
  • Keep the evacuation bag in a secure, but easily accessible area of your home

Have a plan for your pets.

There are window stickers you can purchase that will notify firefighters of how many animals you have in your home if you are not able to take them with you, or if you are not home at the time of the fire.

  • Place crates and carriers where they are easy to grab, and practice loading your pets into the carriers, so they are comfortable with the process.
  • Know how much room you have in your vehicle for your evacuation bag and pet carriers and plan accordingly.
  • If you have livestock and horses, you may not have time to load them in trailers and evacuate them with you. Have a plan for these animals. There are organizations that help with animal evacuation, contact them and see how they can help.

Other things you can do to prepare include:

  • Make your home accessible to firefighters. Clear extra cars, ATVs, boats, campers and any other large objects from your driveway and around your house so that fire trucks can get close and turn around.
  • Move flammable objects like paint cans and ammunition to a shed or detached garage.
  • Take the extra measure of moving high value jewelry, paintings, heirlooms or other irreplaceable items to off site storage units or safety deposit boxes during fire season so you don’t have to worry about these investments.
  • Speak with neighbors, good friends and family members about your evacuation plans. Where do you plan to go if evacuated for a few days? What if it turns into a few weeks? Do they have your phone numbers to contact you if needed?
  • Sign up for your county’s Code Red program so that you will be contacted in the case of an evacuation, and make sure you have other county services phone numbers for emergencies.

It is a great idea to practice an evacuation, especially if you have children and pets. Set a time to pretend that the call comes in and that you have 15 minutes to vacate the premises. Grab your evacuation bag, children and pets. Set a rendezvous point if you have multiple drivers and vehicles. This is a great exercise to realize how fast an evacuation can happen and to see what areas you may need additional preparation for.

After the Danger has Passed

The fire danger is gone, and because of your preparation your family was safe. You can now return to your home. Upon returning home it is important to walk around your property. Depending on how close the fire came to your home, there may be areas that smolder for days. Be diligent and watch for any signs of fire. Check your home inside and out for signs of fire or smoke damage. You should also check for signs of theft or missing items from the home. If you have any doubts about damage or theft, call your insurance agent to discuss a course of action.

After a wildfire, there is an increased chance of mud slides, earth movement and water damage. Because the vegetation has burned off, the ground becomes unstable. Most insurance policies exclude coverage for flood and earth movement. It is important to be aware of these restrictions and mitigate the possibility of damage to your property.

Written by: Centennial State Insurance Agency, Bailey

Prepare for wildfire

Many across the state of Colorado are concerned with fire danger, and with good cause. This year’s fire season is already in full swing with several fires across the state. Being prepared for these life changing events can help make the process smoother.

Prepare your property

There are many measures you can take before a fire. Mitigating trees on your property can reduce the risk of your home being a total loss. Remove trees close to the home, and thin trees on the property. Make sure that trees are trimmed and remove dead trees. Widen your driveway and create a turnaround area for fire trucks. The best steps you can take is to contact a mitigation company or your local fire department and have them come out to the home to make suggestions.

You need to also clear brush 30 feet around your home. Rake pine needles, keep grass and weeds cut short to lower their fuel potential, remove any dead brush from under decks and take steps to close of the holes that allow dead brush to get under decks. Move any other fuel sources (gas cans, propane tanks, etc) away from the home. If you have a wood pile, make sure the pile is stored a safe distance from your home. Keep your gutters, chimney and roof clear of needles and leaves.

There are steps to make your home more fire resistant. Metal, clay or a non-combustible roofing material lowers your risk of the home catching fire from wind-blown embers, or crowning tree fires. You can also look into a less combustible siding material like brick, masonry, stone or hardboard. Next time you replace your deck, look into trek or composite decking material. Upgrade your windows to double or triple pane, limit the number of windows and size of the windows that open to your largest area of vegetation.

Update your insurance

It is a great idea to contact your insurance agent to talk about your individual risks and if you are insured adequately. Our lives change over time, and we don’t always remember to tell our insurance agents about the new floor we put in the home. It is best to do this before a fire starts. Once there is an active wildfire you can not change or issue an insurance policy, until the fire is over.

The first thing you want to go over with your insurance agent will be your dwelling value. Make sure that your agent knows about any upgrades you have made to the home. Have you added an addition, or renovated the kitchen? Did you replace the roof or siding on the home? The details of your home may have changed since you originally bought the house. You need to make sure your insurance policy reflects these changes, and that your dwelling coverage will adequately replace the current condition of the home. Most insurance agents will use a replacement cost guide to input the information about your home and get an estimate of the cost to rebuild. Also, make sure you have enough coverage for detached structures such as sheds, barns or garages. Most policies have some coverage for detached structures built into the policy, but it is important to ensure that you have enough.

With today’s technology it is a great idea to use your smart phone and take photos or videos of your personal property. Walk around your house, shed and garage. Document what is on your shelves, dressers, safes, drawers, closets and jewelry boxes. This not only helps to prove the type of item you had, but will also help you remember what you had in the junk drawer.

Most insurance companies have a built in limit for jewelry, fine arts, guns and collectibles. Consider the value of these items and talk to your agent about the built in limits and is scheduling these items would benefit you. When you schedule these items they are covered for the appraised value.

Many people are not aware that motorized vehicles are not covered on a homeowners policy. If you have a classic car, motorcycle, ATV, snowmobile, trailer, or motorized boat in your garage or barn, they will not be covered by the homeowners policy. Make sure that you have them covered under their own policy with at least comprehensive coverage on them.

Next week, we will have some tips on preparation for evacuation, and what to do during and after a fire.

Written by: Centennial State Insurance Agency, Bailey

Benefits of Choosing a Fixer Upper

Buying a home is an exciting time and a huge investment. For some, the first home they choose is the place they raise their children and possibly spend the rest of their lives. However, you don’t have to purchase a brand new home or one that doesn’t require any work. There are benefits to purchasing a home that requires a bit of work, and Centennial State Insurance Agency, serving Bailey, CO and the surrounding area, is here to help.

Less Initial Expense

If you’re trying to purchase a home with a limited budget – either with a small down payment or a low budget per month for a mortgage, or both – purchasing a fixer-upper allows you to take out a smaller loan and have lower monthly payments. If the price of the home is lower, you’ll be able to put down a smaller down payment.

Make It What You Want

When you purchase a home that doesn’t need any repairs or fixing, you pretty much get the home as is. Typically, you’ll only change the color of the walls and flooring and won’t do very much to change the home. However, when you have a fixer-upper, you’ll be more likely to want to spend money to change it, and you’ll be able to change it to what you want. The possibilities are endless.

Getting Insurance

Typically, when you choose a homeowner’s insurance policy, the amount that’s covered is based on numerous factors, including what it would cost to rebuild your home as is. The rate you get for an insurance policy for a fix-upper is reflected in your premium.

Contact Centennial State Insurance Agency, serving Bailey, CO and the surrounding area, by calling 303-838-0554 after you purchase your fixer-upper to receive a quote for a policy.  

Risks To Your Home In Colorado

One of the big risks for homeowners in Bailey, CO is wildfires. It’s great living in a state where you can be surrounded by such beautiful forests and mountains, but that does come with a downside, especially with how dry it can get in Colorado come Summer and Fall.

We have all the same risks as homeowners in other states, too. We have flooding, burglary and so on, but wildfires can happen out of nowhere and do a lot of damage very quickly, burning whole neighborhoods down to ash in a single afternoon. So that’s one of the things that we really need to be on the lookout for when we sign our insurance policies with Centennial State Insurance Agency.

Other concerns specific to the region are cumulative. The dry climate, for instance, can wear a home down much quicker than the moister climate in a place like Florida. In Florida, dry winds can cut away at siding like sandpaper, chewing at the home in bits and pieces. This is why proper home care is so important here. You definitely want to give your home a fresh coat of paint every few years to ensure that it doesn’t get slowly sanded away to a pile of sawdust after a few decades.

Luckily, when you call Centennial State Insurance Agency, we can tell you, specifically, what you need to worry about given the particular build and age of your home in Bailey, CO. Every zip code has its own problems that homeowners face, and every home has its own specific problems, as well. A prefab and a brownstone have their own challenges, and you need a policy that reflects your particular risks.