No matter where you live, natural disaster can occur without warning. Your Lakewood, Colorado homeowner’s insurance should cover most disaster damage to your home. However, there may be some events that are not covered by your policy. You should also ensure that you have enough insurance to meet your current needs.
Damage to your property due to storms, tornados, wildfires and hurricanes is normally covered. The important issue to keep in mind is the amount of coverage your policy provides. If your home has been increasing in value, or you have made improvements, you may need to increase the dollar amount of your coverage. If you are a renter, you need your own renter’s policy. While the owner’s insurance covers their property, it will not cover your possessions.
Water damage to your home will be covered for roofing leaks, broken windows and most plumbing problems. You should check your policy to determine if damage from breaks in sewer or main lines outside your home is covered.
Water damage that is cause by a flood is not. Flood coverage must be purchased separately. You need to determine if you are in an area considered a flood zone. Keep in mind that these zones can change; you should check the information yearly.
If your home is damaged from an earthquake, the event is not normally covered under a basic policy. If you live in an area that could be affected by earth movement, consider purchasing a separate policy or add an endorsement to your current insurance.
We are your independent agent for the Lakewood, Colorado area. Contact us today; we can go over your homeowner’s insurance with you to make sure you are fully covered for any natural disaster. We will also make sure that the amount of coverage you have meets your current value needs.