Living in Bailey, CO or Flagstaff, AZ offers all the benefits of a small town surrounded by wilderness. Along with that comes all the hazards that can be really tough on a driver. At Centennial State Insurance Agency, we understand what drivers have to contend with when the weather can be a challenge and wild animals can dart into the road without any warning.

In Colorado, drivers are required to carry liability insurance but beyond that, unless you have a car loan you don’t need to carry anything else. Comprehensive auto insurance covers many of the hazards that life in the wild can throw at you. 

What Does Comprehensive Auto Insurance Cover?

Comprehensive auto insurance is also known as not collision coverage. What this means is that it covers many of the things that can happen to your vehicle that don’t involve another vehicle.

Hail and Wind Damage

It covers things such as hail which can cause great damage to your paint job and if it is baseball size it can leave lots of dents. High winds can bring down tree branches that sometimes land on your vehicle.

Glass

Most comprehensive policies also cover glass and usually, this has no deductible. Wild animals can dart into the road and be unavoidable.

Theft

Theft of your vehicle is probably the most important coverage that comprehensive auto insurance offers. You may have your vehicle parked in the street or in a parking lot where it gets vandalized.

When your vehicle is stolen, there is no guarantee that you will ever get it back and even if you do, it may not be in good condition. Being able to repair or replace your vehicle is very important to most people. 

Secure Your Auto Insurance Today with Centennial State Insurance Agency

When it comes to car insurance, you have choices. You can decide what kind of coverage works best for you and your situation.

At Centennial State Insurance Agency in Bailey, CO, our team has the information that you need to make an educated decision.

Contact us or stop by our office to discuss the different coverage available and compare quotes to properly insure your home, property, and automobile today!

If you’ve been shopping for homeowners insurance for your home in Bailey, CO, or Flagstaff, AZ, you may have come across the term “covered peril.” Are you wondering what the phrase means in terms of your policy coverage? In the content below, we define a covered peril and discuss its common applications.

What Is a Peril?

By definition, a peril is any risk that can cause damage to your home or belongings, such as theft or smoke/fire damage.

A covered peril means your insurance policy will pay specific reimbursements based on the limits in your policy if the peril is covered.

Every homeowner’s insurance policy includes lists of covered perils, but not all perils are covered by all policies. For information about specific perils, contact your Centennial State Insurance Agency agent. 

Open Perils 

Your homeowner’s policy coverage may be based on open perils. This provides protection from all risks unless your carrier specifically lists and exempts them.  

Named Perils 

Most homeowner’s insurance policies name specific covered perils. Because they don’t provide as much protection as an open peril plan, policies with named perils are typically lower in cost. As a result, these tend to appeal to homeowners who only require insurance against theft, fire, vandalism, hail, and other common risks. 

The most common named perils homeowners face include: 

Fire

Your home, belongings, and other structures such as sheds and garages are usually covered against loss due to fire or smoke damage.  

Hail

Most insurance companies provide insurance coverage for hail damage. 

Theft

Most insurance policies cover theft up to the limit of the policy. By endorsement, you have the option to increase or decrease the covered limit.

Windstorm 

Tornadoes and hurricanes are generally covered by most property insurance policies. However, it may require a higher deductible and will not cover flooding.  

Flood

In most homeowner’s insurance policies, flood insurance is generally not a covered peril. Therefore, it usually requires an additional rider, or endorsement, for coverage. 

Earthquake 

Typically, standard homeowners insurance policies exclude earthquakes. Therefore, if you live in an earthquake-prone area, review your current insurance policy in place and consider adding earthquake coverage.

Find Colorado Coverage with Centennial State

Remember that open peril homeowner’s policies don’t cover every loss, and named peril coverage may not be as limited as it sounds.

At Centennial State Insurance Agency, we are dedicated to finding the best suited coverage for your insurance needs. If you have questions about what type of homeowners insurance will cover your Bailey, CO home best, contact us today.