Best Homeowners Insurance Agencies in Thornton

Frequently Asked Questions

• Introduction

  Homeowners' insurance is a type of property insurance used by private property owners to protect their home and property from a range of risks and liabilities. It is also called home insurance.
  

  
  

  All homeowners' insurance policies cover the primary home on a property, meaning that most damage from weather, accidents, vandalism, and other events will be at least partially paid for by the insurance company. Many policies also include coverage for other structures, personal property, and some premises liability.

  
  

  It is not required by law that a homeowner purchases insurance for their property. However, if you have a mortgage, the lender will usually make purchasing a homeowners' policy a mandatory part of the loan process. Since the mortgage lender is essentially selling you the home, they require you to protect the investment.
  

• What are the common coverages included in a homeowners' insurance policy in Thornton?

  Homeowners' insurance policies in Thornton include medical payments to others, personal property and liability, and dwelling coverage. It also covers the payment for additional living expenses and protection for other structures not attached to the primary residence. In addition, homeowners may add optional coverages, such as personal injury, excess liability, and high-value property.

• Where can you file a complaint against an insurance provider in Thornton?

  You can file an insurance complaint through the Colorado Division of Insurance consumer portal at https://gov.sircon.com/consumerPortalLogin.do?method=initProcess&request.authorization.token=JNyyYoXIFVDUOQ0D1rmcSfj80Ibo3yaj. You can also mail a completed complaint form to the DOI's office at 1560 Broadway, Suite 850, Denver, CO 80202. For further inquiries, call 303-894-7499 or 1-800-930-3745 or email dora_insurance@state.co.us. The Colorado Division of Insurance regulates insurance companies, agencies, and agents in Thornton.

• Do homeowners' insurance policies in Thornton cover your home from natural disasters?

  In Thornton, damage to property caused by natural disasters, such as floods and earthquakes, is not covered in standard homeowners' insurance policy. If you live in a flood-prone area, you should consider buying flood insurance. You may also purchase earthquake insurance separately to cover damage caused by a naturally occurring earthquake. Additionally, property damage caused by hail or wind storms and tornadoes is covered by a standard homeowners' insurance policy.

• Is it necessary to annually review your homeowners' insurance policy in Thornton?

  Yes. You should annually review your homeowners' insurance policy in Thornton to ensure that you, your loved ones, your property, and your possessions are adequately protected when unexpected incidents happen. An annual review may also result in insurance cost reduction if you require less coverage than before. In addition, you should inform your insurance provider and increase your policy limits if you have home additions or improvements.

• What are the factors that affect homeowners' insurance costs in Thornton?

  Some factors that affect the cost of homeowners' insurance in Thornton are the following:

  • Size of the house and additional structures.
  • Building costs and crime rates in the area.
  • Home features, construction, and materials.
  • Condition of the electrical, heating, and plumbing systems.
  • Likelihood of property damage due to disasters.
  • Accessibility to a fire station and a fire hydrant.
  • Homeowner's credit and claim history.

• What determines the price of homeowners insurance premium?

  The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.