Most people understand how important a homeowner’s insurance is, but what about renters? You don’t own your house or the apartment you live in, why should you have insurance to protect it?

In this article, we are going to tell you why you should consider buying renter’s insurance and how much it’s going to cost you as a renter in the Denver, Colorado area.

Why You Should Buy Renter’s Insurance

When you’re looking at renter’s insurance (or any insurance plan for that matter), you need to look at the different categories of coverage. You want to ensure you’re getting the protection you need. 

Liability

Liability coverage is a huge part of any insurance plan. If someone were to get hurt while they were in your home or apartment, there is a chance you could get sued. You would have to pay legal fees and hospital bills. All of those can quickly add up to thousands and thousands of dollars.

This is where your liability protection when comes in. Instead of you have to pay out of pocket if someone trips and falls, your insurance plan will pay for it.

Personal Property

This is the portion of insurance most people think of when they think of when considering a renter’s insurance plan.

Even if you don’t own the roof over your head, you probably own everything under the roof. Let’s say there was a fire in your apartment. You wouldn’t have to pay to replace the building, but you would be responsible for having to replace all of your clothes, electronics, jewelry, furniture, and more.

Just think about how much it would cost for you to buy all of your belongings again. It would get very expensive.

A renter’s insurance policy will protect your belongings from any of the perils, like fire, theft, and more. The amount of personal property protection will depend on the plan and the carrier.

One important note about personal property protection is the exceptions. Some category of goods have limits on how much is protected. Depending on your plan, you might need to pay for additional coverage.

Living Expenses

Let’s go back to the situation we mentioned earlier, of your apartment suffering from a fire. Not only would all of your belongings be destroyed, but where would you live? You can’t live in a burnt up apartment.

You’re going to have to stay in a hotel or find somewhere else to stay, very quickly. Luckily, your renter’s insurance can help you get through this time.

The average renter’s insurance policy is going to help you pay for any additional living expenses you might run into. This could include the costs of staying in a hotel, increased travel costs, or even food costs.

How Much Does Renter’s Insurance Cost in Denver, CO.?

Now that you know WHY you should buy a renter’s insurance policy, let’s look at the costs. There are a lot of factors used to determine the cost of a renter’s insurance plan:

• Amount of coverage
• The carrier
• Additional coverages
• Location of the property
• Credit score

All of these factors are going to be put through the carrier’s algorithm. Because there are so many variables, we can’t pinpoint exactly how much you’ll pay without talking to you first. We can get you a rough estimate dark.

In 2018, the average annual cost for Renter’s insurance in Colorado was $222. Once again, because there are variables, you may not be able to get this price, but you could get a plan cheaper.

Even inside of Colorado, there are some cities which are much cheaper for renters than others. Living in Trinidad is cheaper than living in Boulder. Denver is the most expensive city for renter’s insurance, but we can still find you a plan you can afford.

If you want to know exactly how much your policy will cost, feel free to contact us.

We worked with the most popular carriers for renter’s insurance in Denver. We know the companies which sell the cheapest insurance plans.

Not only can we provide you with affordable plans, but we can also help you decide how much insurance protection you’ll need.

If you want to partner up with one of our expert agents, we have two ways you can get a hold of us. One way is to head over to our contact page.

The other is to call us at (720) 209-4598.

The post How much is Renter’s Insurance in Denver, CO.? appeared first on Longevity Insurance Brokers.

Hail storms can end up causing millions of dollars of damage to a community. The largest hailstone on records fell in July of 2010 in South Dakota. The stone weighed almost 2 pounds and was 8 inches in diameter.

Sure, not every hailstorm is going to have stones this big, but just imagine one of those hitting your house or your car. It would cause some serious damage.

Hailstorms and Colorado

When we talk to clients about homeowner’s insurance, we want them to have all the information they need to make good decisions about their insurance plans. One part of the decision is deciding if additional homeowner’s insurance coverage is worth it. You have to weigh the risk versus the investment. 

How common are hailstorms in Colorado? Based on numbers from the National Insurance Crime Bureau Report in 2016, Colorado has the second highest amount of hail claims from 2013 – 2015 (first place belongs to Texas). In 2016, there were over 5,500 hailstorms recorded in the United States.

More than 50% of the claims during this time were on homeowner’s insurance plan. The hailstorms rack up around $15 billion in damage claims every year.

If you live in the Denver, Colorado area, hailstorms are a common problem, and you should consider how they can impact your home and your car.

Hailstorms and Homeowner’s Insurance

Because hailstorms are a common (and costly) occurrence, you need to know if your insurance policy is going to be there to protect you. The worst thing which could happen would be for you to have to pay for all of the repairs yourself.

Every homeowner’s insurance policy is going to cover “acts of God” like wind, rain, and tornado damage. In most cases, the plan will also pay for hail damage, but there are a couple of factors the insurance carrier may look at if you make a claim on hail damage.

Before we start outlining homeowner’s insurance and hail damage claims, you need to understand one thing: every insurance carrier is different. All of them have different guidelines and coverage limits. We can give you a basic idea of homeowner’s insurance, but the best way to know, is to call your agent or give us a call and we can walk you through your plan.

There are some companies out there who are going to look at the age of your roof. If it’s younger than 10 years old, there is a good chance you’ll have full coverage. If it’s older than 10 years, you may not get the full value of the repairs.

For some carriers, older roofs only get reimbursed the depreciated value of the roof. The older the roof is, the more wear it has, which means the less money you’re going to get.

Additionally, most insurance carriers are going to send out a roof inspector when you file a claim. Why do they do this? The insurance company is going to protect themselves against scams and false claims. The inspector is going to determine if the damage is from old age or from the hail.

Protecting Your Home/Roof

You can’t control the weather. There is nothing you can do about Mother Nature, but there are a few ways you can prevent any unnecessary damage and costs.

One of those is to have a roof expert come to your home. They can tell you if you have any damage already and show you some areas you can improve. If you have any loose shingles which need replacing, you should do this before the hailstorm hits.

You can also invest in different shingles. If you’re willing to put in the money, you can have impact-resistant shingles put on your roof. They are more expensive than the traditional option, but they are built to withstand hail damage.

An additional tip for dealing with hail damage is to take a picture of your roof before (you can do this at any time), and then you can take a picture if there is a hailstorm. This will help the inspector and the insurance carrier see the difference in the roof before and after the storm. This could be the difference in you getting reimbursed or having to pay out-of-pocket.

Homeowner’s Insurance and Longevity Brokers

Dealing with insurance policies and carriers isn’t easy. There are so many restrictions, clauses, and loopholes, it can be crazy trying to decipher policy. Most policyholders just want to know they will have protection in case of a disaster.

You don’t have to be an expert on everything insurance related. All you have to do is be able to make one call. We will handle the rest. At one goal at Longevity Brokers is to protect the Denver, Colorado area with every kind of insurance plan out there.

Questions? Comments? Use our contact page or call us (720) 209-4598.

The post Does Homeowner’s Insurance Cover Hail Damage? appeared first on Longevity Insurance Brokers.

You don’t want to have to make a claim, but what happens if you have to? Let’s imagine there was a massive flood which damaged your home. You have to make a claim to replace all of your furniture, clothes, electronics, and much more.

Do you know everything you would have to replace?

This article is going to look at why you should do a home inventory and tips on how you can do that. 

Why You Should do a Home Inventory

When you make a claim on your homeowner’s plan, you’re going to have to tell the insurance company what items were damaged and needed to be replaced. If you don’t know what needs replacing, you could forget a lot of your furniture or clothes. If you don’t put it on the claim, it’s not going to get replaced or you’ll have to pay to replace it out-of-pocket.

How to do a Home Inventory

Once upon a time, doing an inventory of your house meant you had to walk around the whole house with a piece of paper and a pen. Luckily, it’s not as painful or tedious anymore. There are much easier ways to track all of your things.

To start, grab your phone or a camera and walk around your whole house to video all of your things. Getting a quick video is a simple way to take inventory, but you need to do more than that. This is only the first step.

The next thing you should do is get a more detailed inventory of your stuff. Go through your home and take pictures of all of your things. Take photos of the serial numbers of the bigger items.

You also should write down all of the information and keep the info someplace safe which won’t be damaged. We recommend you keep the video files and the other information either in a safety deposit box or on cloud storage.

What to Include in your Home Inventory

When you’re taking stock of all your stuff, there are a lot of things you need to be sure to include. You want to include just about everything.

We suggest you do the inventory room-by-room. Start at one end of the home and work towards the other end. Include furniture, jewelry, electronics, clothes, carpets, appliances, and even light fixtures. If you would have to pay to replace it, then you need to put it on your list.

On the item list, you want to include what the item is, a description of it, when you bought it, a serial number, and how much you bought it for. You need to do this for every item on your inventory. Sure, it sounds time-consuming, but having this additional info is going to save you a lot of headaches if you ever need to file a claim.

Things to Remember

Doing an inventory of your home and all your things can take some time, but it’s very important.  Hopefully, you’ll never need to make a claim on your homeowner’s insurance plan, but if you do, you’ll be grateful for your inventory.

After you’ve finished taking stock of all your things, you may realize you need to increase your insurance plan. If you’ve had the same homeowner’s insurance policy for several years, it might not be enough protection anymore. Take the time to review your plan and guarantee if is giving you the protection you and your family need.

One important thing to remember is to update your home inventory. You’re going to keep buying new things. You want to keep an updated list of all your things. You should go through your home at least once a year to update your inventory list.

Getting Homeowner’s Insurance

If you have any questions about homeowner’s insurance, the coverage limits, or about making a claim, feel free to give us a call. We are independent insurance brokers, which means we aren’t employed by a single insurance company. We work with some of the best highly rated insurance carriers across the country.

Our agents have years of experience helping people find the best insurance policies out there. It’s our mission to serve the Denver, Colorado area with the most affordable insurance available.

You never know what is going to pop up. If something were to happen, either as an act of man or an act of nature, you could find yourself with some massive financial problems.

If you want to increase your homeowner’s insurance coverage or you want to save money on your protection, you can use our contact page, or you can give us a call at (720) 209-4598.

The post You need to Create a Home Inventory appeared first on Longevity Insurance Brokers.

When you think of homeowner’s insurance, you probably think about earthquakes, flooding, or any other natural disaster. Your homeowner’s policy can be much more than that.

Let’s say you someone over for dinner, and while they are walking down the stairs, they take a tumble down. Hopefully, everyone would be okay, but you never know. There is a chance you could be held liable.

What does it mean if you’re held liable for those injuries? Well, it means you are going to be responsible for some massive hospital bills. 

We want you to have the perfect homeowner’s insurance plan to protect not only your home but your finances. To help you, we are going to explore the liability coverage which is included in homeowner’s insurance protection.

Homeowner’s Insurance and Liability Coverage

Just about every homeowner’s policy has a liability insurance portion. Each policy is different, but most are going to give coverage for up to $100,000 in personal liability. This means if someone were to get injured, and it was your fault, your homeowner’s policy is going to pay for up for medical bills and legal fees for up to $100,000.

Your homeowner’s policy covers different categories in regards to liability. The first is bodily injury. This is the part which pays for hospital fees (it’s also called guest medical). This could be anything from ambulance rides, x-rays, dental work, and much more.

In addition to the hospital bills, the liability coverage could also help cover any funeral expenses if something tragic were to happen to someone on our property. Obviously, you don’t want to think about anything this awful happening to anyone at your home, but you never know. Not only will your plan pay for

Another part of the liability coverage is property damage protection. This is the part which will pay for repairs or replace of someone else’s property if it’s damaged while in your home or on your property.

The personal liability part of your homeowner’s insurance policy coverage hundreds and hundreds of different situations, some plans cover more than others, but there are some common claims the insurance company sees.

The most common claim for a homeowner’s insurance liability protection is a dog bite. They are extremely common. Based on the numbers from the Insurance Information Institute, dog bites account for around $400 million every year. It’s more than one-third of claims. As long as you have the proper homeowner’s insurance policy, you will be protected. A dog bite might not sound too serious, but it can rack up some massive hospital bills.

Another common type of claim is any slip of falls. We used the example of someone taking a tumble down your stairs, the reason we used this example because it’s extremely common for family members or guests to skip on a sidewalk or on the stairs.

What your Homeowner’s Insurance Policy Doesn’t Cover

If your house guests take a slip and falls, it’s coverage. If YOU take a slip and fall, it’s not covered. Homeowner’s policy has a household member exclusion, meaning anyone who permanently lives in the home doesn’t get the liability protection.

Another part of coverage not offered by homeowner’s insurance is about your car. A lot of people think their policy will pay for repairs to their car if a tree falls on it or it’s somehow damaged while on their property. That’s not true. Your liability insurance portion will pay for another person’s home while it’s on your property, but not your own, that’s where your auto insurance would come in.

Do You Have to Have Liability?

Here’s the thing, you aren’t REQUIRED to have liability insurance for your home, but it’s going to be hard not to get it. 99% of homeowner’s insurance plans are going to include liability protection in their plans. The mortgage company is going to require you to have a homeowner’s insurance plan, and the plan has liability.

As we mentioned before, most plans have liability coverage up to $100,000, but you can get more coverage if you want it. Most companies allow you to bump the liability protection up to $300,000.

Should You Buy More?

We can tell you exactly what’s best for you (especially without knowing your specific situation), but we think it’s a good idea to up your liability coverage.

$100,000 might sound like a lot of protection, but when you’re talking about hospital fees and medical bills, it can quickly blow past the maximum coverage limit. Getting the additional $200,000 in coverage can make a world of difference if there were ever an accident.

Need Help with Homeowner’s Insurance?

We know all of these plans and coverages can be confusing. You don’t have to be an expert on insurance. That’s why we are here for you. We can be your experts. It’s our job to explain your coverage and make it easy for you to understand.

If you have any questions about your homeowner’s policy, or you’re looking to save money on your policy, please give us a call.   Shoot us a call at (720) 209-4598 or use our contact page. We would love to you and help you find the best plans for you and your home.

The post Does Homeowners Insurance Cover Accidental Death/ Liability? appeared first on Longevity Insurance Brokers.

Sure, you could buy an insurance policy to protect your dog, or you could buy a quality insurance plan to protect your biggest investment, which is your home. Your house is where everything you own is. It’s where your family sleeps.
Mother nature can throw some crazy things your way, and some of her curve balls can damage your home. What would you do if your house was flooded or a tree fell on your house? Do you have the money saved up to replace all of your things and fix your house? Probably not.

Luckily, you don’t have to have a fortune saved up just in case. That’s why a homeowner’s insurance policy is so important.

How Much Does Homeowner’s Insurance Cost?

Think of homeowner’s insurance coverage as a safety net for your home. Hopefully, you’ll never need to use the policy, but it’s there if you need it.

For most people, they were required to buy a homeowner’s insurance policy as a part of the mortgage process. Just about every mortgage company requires the homeowner to get a plan to complete the loan. The company wants to protect their investment as much as possible.

Most areas of Colorado are not high-risk areas for any natural disasters (although you never know what’s going to happen), but there are two specific cities which have higher insurance rates, Sterling and Pueblo. Sterling suffered from the largest tornado in Colorado history in 2000 and Pueblo has higher than average property crime rate.

Both of these are causes for higher homeowner’s insurance rates. If you’re a resident in or around these cities, then you’re going to pay more, but if not, then the rates are going to be much more affordable.

There are a lot of different factors to the insurance company is going to look at when deciding how much they are going to charge you every month for your coverage. The will look at the size of your home, the value of your home, the age, the location, and much more. It’s almost impossible for us to get you an exact idea of how much you’ll pay without knowing your specific situation, but we can give you a rough idea.

Let’s look at some of the averages for cities in Colorado. We are located in Denver, so we are going to look at those houses first. The average homeowner’s insurance in Denver costs a little over $1,400 annual premiums based on the numbers from ValuePenguin.com.

Compared to the average national, it’s a good bit more expensive. The national average for homeowner’s insurance in 2018 is $1,083. But Denver is not the cheapest place to live in Colorado.

The cheapest average homeowner’s insurance plans belong to people living in Grand Junction. If you live in Grand Junction, you can enjoy annual rates as low as $815 every year. This is drastically lower than the national average.

Cheaper Rates

Regardless of which city you live in, there are a couple of ways you can lower your homeowner’s insurance rates. As we mentioned, the insurance company is going to look at dozens of different factors and qualities when they are determining how much to charge you.

If you want to save money, there are a couple of things you can do to your home. One thing is to buy a security alarm or other safety features. The safer your home is, either through smoke detectors or hurricane shutters, the insurance company will view your home as less risky.

If you’re looking for a quick and easy way to lower your premiums, it’s time to raise your deductible. The deductible is the amount you’ll have to pay out of pocket before your insurance coverage kicks in. If your deductible is $500, consider raising it to $1,000. This simple change could trim your premiums by hundreds of dollars every year. As long as you don’t have to make a claim in the first couple of years, it will save you money.

If you’ve had the same homeowner’s insurance plan for several years, it’s time to do some shopping around. That policy may have been the cheapest option when you originally bought it, but there could be some more affordable plans out there.

This is where we come in. Our agents at Longevity Brokers aren’t a normal homeowner’s insurance agent who only works with one company.

We are independent agents, which means we aren’t tied to one company. Instead, we have the ability to present you with a dozen different options from various companies. The best way to get cheaper homeowner’s insurance is to find a company who has cheap coverage.

Instead of digging through all of the options and wading through all of the confusing terms and jargon, let one of our experts do the dirty work for you.

At Longevity Brokers, we specialize in protecting every area of your life. Not only can we help you find an affordable homeowner’s policy, but we can also help protect your car, and much more.
If you have any questions about homeowner’s insurance or any of the other plans we offer, please don’t wait to give us a call. Our agents are standing by and would love to talk to you about any of your insurance needs. You can call us at (720)209-4598 or use our contact page.

The post How much is Homeowner’s Insurance in Colorado? appeared first on Longevity Insurance Brokers.

When you’re shopping around for homeowner’s insurance coverage, there are a few things you’ll need to ponder to ensure you’re getting the best plan for you. The thing our clients are most concerned with is how much their policy is going to cost.
There are quite a few factors the insurance company is going to review deciding how much to charge you for protection. They are going to look at some obvious factors, like the size of the home and the cost of the home, but there are other components they review which might surprise you.

If this article doesn’t answer any of the questions you have about homeowner’s insurance and the various factors, please feel free to leave a comment or contact one of our agents.

Marital Status

Your spouse could be saving you hundreds of dollars on your homeowner’s insurance policy. Insurance research has shown married people tend to make fewer claims than single people. Being married is going to reduce your insurance premiums. 

If you’re married, they are going to view you as a less risky insurance candidate, which is going to translate into lower premiums.

Do you Have a Swimming Pool?

If you have a swimming pool, you’ll be able to enjoy a nice cool dip in the summer, but you’re going to pay more for your insurance plan every month. Pools are fun, but insurance companies see them as additional risk. More risk means higher premiums.
Having a hot tub is going to be seen as a risk too. They are a great addition for your family, but be aware, they are going to increase your rates because of the summer fun.

Dog Breed

Believe it or not, the type of dog you have could impact how much you pay for your homeowner’s insurance plan. There are certain breeds of dogs which are more aggressive. If you own one of these dogs, then the insurance company increase your rates.
If you have a dog, you should always share the information with your insurance agent. If they don’t know the breed of the dog, they are going to aim on the safe side, which is probably going to cost you money.

How Close are you to a Fire Department?

This one speaks for itself. The closer you are to a fire department, the quicker they will be able to arrive at your home if there was ever a fire. The quicker they get there, the less damage to your home.
Not only does your proximity to a fire station lower your rates, if you have a fire hydrant close to your home, you can get cheaper premiums as well.

Smoking

Smoking is bad for your health, and you probably know smoking is going to cause you to get more expensive life insurance rates, but you may not know those cigarettes can impact how much you pay for your homeowner’s insurance plan as well.

If you smoke, then you have a higher risk of a house fire. Smokers are going to pay hundreds of more dollars every year for their insurance plan. If you’re looking for a way to save thousands of dollars, then quitting smoking is one of the best ways you can do that.

Your Credit Score

Your credit score plays a huge role in a lot of different areas of your life, and your homeowner’s insurance policy is one of those. As you can probably guess, the better your credit score, the lower insurance premiums can be. If you have a poor credit score, the insurance company may be worried about your financial security, and they will see that as additional risk.

Saving Money On your Homeowner’s Insurance Policy

As you can see, there are dozens of factors the insurance company is going to look at when they calculating your monthly premiums. It’s important you get the most affordable policy available.

We know shopping for the perfect policy can be a confusing process, but at Longevity Brokers, it’s our mission to give you the information and resources you need to find a quality insurance plan at the lowest possible premiums.

Every insurance company is different, and all of them have different rating systems. Companies are going to view your house different and the risk it presents, which means you could get wildly different quotes depending on the company and their underwriting.

Our agents at Longevity Brokers are here to save you the trouble and frustrating of having to call those companies yourself and get the quotes. We don’t work with one single company, we work with dozens of highly rated insurance companies across the Colorado area. We can help you protect your Denver home. After a few quick questions, we can offer you a general set of quotes for homeowner’s insurance.

If you have any questions about homeowner’s insurance or ways you can lower your insurance premiums, contact us today. We would be happy to answer those questions and ensure you have the best plan for you and your home.

The post Surprising Factors that Increase your Homeowner’s Rates appeared first on Longevity Insurance Brokers.

There are several questions you need to ask yourself when you’re looking at your homeowner’s insurance plan. Not having the proper insurance plan could be one of the worst mistakes that you make. You never know what life is going to throw at you tomorrow, which means that you should ensure that you have the coverage you need to protect your home and your property.

If you’ve had the same homeowner’s insurance plan for several years, it’s important you review your policy to ensure that your needs haven’t changed. At Longevity Brokers, it’s our mission to ensure you have the perfect plan at the lowest rates possible.

Have I Renovated My Home?

Most people continue to add on to their home, improve it, and make renovations. If you’ve made any serious renovations in the past, you may need to reevaluate your homeowner’s insurance policy. If your home has drastically changed since your purchased your homeowner’s plan, you need to contact your insurance agent and tweak your plan. 

What is my Deductible?

Just about everyone is looking for ways to save money. One question that you should ask yourself (at least once a year) is what your deductible limit? The deductible is the amount you have to pay out-of-pocket towards the damages before the insurance company starts the coverage.

If you want to save money on your insurance policies, one simple way is to raise your deductible limit. Raising your deductible can save you about 20% or more on your premiums every month.

What are my Personal Property Limits?

One major part of your homeowner’s insurance policy is the personal property coverage. This is the portion of your plan that will pay to replace all of your clothes, furniture, electronics, and much more. There are two kinds of insurance coverage that your plan might provide, an actual cash value plan or replacement cost coverage.

Actual cash value coverage will replace your belongings at their fair market value. This type of coverage accounts for depreciation. The older your belongings are, the less that the insurance company will pay you to replace them.

The other kind of insurance coverage is replacement cost. This type pays you the price it would cost to replace the items today.

If you’re like most people, you continue to get more and more stuff every year. You might have made some significant purchases. Take the time to determine how much all of your belongings are worth, and that can help you decide how much personal property coverage you need.

Are You Missing Discounts?

While most people don’t know it, there are a lot of discounts that you could be missing from your homeowner’s insurance plan. Take the time to ask some questions about your home and your insurance plan.

One simple discount is a claims-free discount. The longer that you’ve had your homeowner’s insurance plan without any claims, the more discount you can receive. With some companies, you can receive as much as 20% of your monthly premiums.

If you want to get a discount on your homeowner’s insurance plan, maybe it’s time to improve your roof. If you add some impact-resistant roofing materials, you can get much lower insurance premiums every month. It could cut down your premiums by 10% or more.

Should you Add Coverage?

Not only should you look for discounts, but you should also take the time to evaluate your coverage and determine if you should add some additional protection. There are some areas that a traditional insurance plan doesn’t cover. One of the most common is flood damage. Dust off your homeowner’s policy and look at the coverage. In fact, the high-risk flood map might have changed in the past several years, and your home might be included in the flood area. There are plenty of ways you can fill in the gaps of coverage of your plan.

Working with the Longevity Brokers

We know that homeowner’s insurance policy can be a confusing task. That’s why we are here to help. It’s our mission to ensure you have quality insurance for your house at an affordable rate. We work with all of the best insurance companies in the Denver, Colorado area.

If you’ve had the same homeowner’s insurance policy for several years (or even decades), you might be paying too much for your plan. Because we work with more than one company, we can give you a personalized set of quotes for your home and help you save money.

If you have any questions about your homeowner’s insurance plan, or any of your other policies, please contact us today. We can give you coverage for every area of your life, your home, your car, or your business. Use our contact page or give us a call at (720) 209-4598.

The post 5 Questions to Ask Yourself About Your Homeowner’s Insurance appeared first on Longevity Insurance Brokers.

At Longevity Brokers, it’s our mission to ensure you have all of the insurance policies you need. We can connect you with the best homeowner’s insurance policy, auto insurance plans, and life insurance policies. This post is going to look at some of the companies that offer affordable flood insurance protection.

What Protection does Flood Insurance Provide?

Before we look at the best flood insurance companies, it’s vital you understand the difference between the types of plans that are available. The two types of plans available are plans through the NFIP or a private insurance company. NFIP policies are a great option for flood insurance, but they have lower coverage limits than private insurance companies. If you want to get more additional protection, you will need to find a private insurance company. 

The average flood damage is around $45,000. If this were to happen to you, would you have the money you need to replace all of your property or goods? If you’re like most people, you won’t have the savings you need. That’s where flood insurance comes in.

There are dozens and dozens of companies on the market that sell flood insurance. Each of them is different, and all of them are going to have different rates. It’s important you find the best one for you.

GEICO

GEICO has an A rating from every major third-party rating company on the market. They sell just about every type of insurance policy you can imagine, including flood insurance. They have a personal property calculator you can use to determine how much coverage you should purchase. Not only is it important to have flood insurance, but it’s also vital you get a large enough plan.

If you’re looking for flood insurance, GEICO makes it quick and easy to get a quote for your flood insurance policy. They have a quote page or a number you can call.

Allstate

Allstate is one of the most popular options on our list. They have excellent customer service and make filing claims extremely simple. One of the nice advantages of using Allstate is you can utilize their Common and Costly Claim Tool on their website. This tool shows some of the common claims in your area.

USAA

While you’ve probably heard of USAA, you might not know they can help you get flood insurance coverage. They work with several private insurance companies to offer flood insurance coverage for those who don’t live in a NFIP insurance area.

How much does Flood Insurance Cost?

There are several factors which impact flood insurance rates. The size of the home, the amount of coverage, and where you live are all going to play a major role in your rates. Some of the other factors the company will look at is the year your home was built, the type of materials, the number of floors, and number of floors on the house.

One of the biggest factors the company is going to look at is where you live. Areas are more prone to flooding are going to pay a lot more for flood insurance compared to areas which rarely see flooding damage. If you want to get an idea of how much you’ll pay, the best way to do is to check out the flood insurance rate maps. They show which areas are more prone to flooding. Additionally, you can see your home’s flood risk on the FEMA’s website. They have a Flood Map Service Center. All you have to do is enter your address.

The average flood insurance policy is going to cost around $700 a year. NFIP insurance policies are going to be much more affordable. Depending on where you live, the annual premiums can be much lower. In fact, the vast majority of homeowners are going to pay much lower premiums.

Working with Longevity Brokers

Your home is your largest investment. It’s where you sleep every night and where you and your family create memories. What if something awful were to happen to your home? Mother Nature has a way of throwing serious curve balls.

We know shopping for homeowner’s insurance and flood insurance can be a complicated task, but that’s why we are here to help. It’s our mission to connect you with all of the best available insurance plans for you and your family.

Unlike traditional insurance agents, we don’t work with one single company. Instead, we represent dozens and dozens of highly rated companies in the Denver, Colorado area. If you have any questions about flood insurance or any of the other quality insurance products we offer, don’t hesitate to contact one of our experienced agents today.

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There are a couple reasons you should bring out those insurance plans every year. In fact, it could have a huge impact on your life and your finances.

At Longevity Brokers, it’s our mission to ensure you’re getting the best coverage for you and your loved ones. This article is going to look at some of the advantages of reviewing your policies every year. We can help you find the best life insurance plans, homeowner’s insurance policies, auto insurance plans, and much more.

Saves Money

One of the biggest benefits of looking at your plans every month is  it could save you money. If you have had the same plans for several years, then you could be paying way too much for your insurance plans every month. 

Every year more insurance companies enter the market. With more competition and more options, there could be much more affordable options for your insurance plans. Most people buy their plans from someone they know, or they choose the first policy quote that they get. That could be one of the worst mistakes

At the beginning of every year, take some time to look at your plans and get some new quotes for your plans. Comparing quotes is one of the best ways to ensure that you’ve got the lowest rates available.

Instead of wasting your time calling companies, let one of our independent insurance agents do all of that hard work for you. We work with dozens of highly rated companies across the nation. We can help you compare your auto insurance coverage, your homeowner’s insurance, and any other plans that you hold.

Increase Coverage

Your life is always changing, which means your insurance plans should be changing with it. If you haven’t looked at your policies in several years, then you could be drastically underinsured. This could apply to just about any policy that you have.

For example, let’s say that you’ve had a child in the past year, but you haven’t reviewed your life insurance application. There is a good chance your life insurance play is way too small. Not having enough life insurance is one of the worst mistakes you could ever have. Additionally, if you’ve gotten married, you’ll need to increase your insurance coverage.

To decide how much life insurance you can buy, there are a few categories you need to calculate. The first number you should add to the equation is your debts and final expenses. If you have purchased a home or taken on more debt in the past several years, then you will need to increase your insurance coverage. Make sure your life insurance plan is large enough for your family to pay off any debts and final expenses your family would be responsible for if you passed away.

The next number  you need to toss into the equation is your annual income. The secondary goal of your life insurance is to replace your paycheck if something were to happen. The more dependents you have, the more life insurance you need.

Drop Plans or Coverage

Another way you can save money is to drop any plans that you don’t need or to trim down some of the supplemental coverage you’re paying for. Having plans and coverage you don’t need anymore can be a massive waste of money.

Instead of letting those plans collect dust, take them out, and decide if you really need them. One way you can trim down some of the coverage is to raise the deductible for your auto insurance or your homeowner’s insurance.

 Working with an Independent Insurance Agent

There are over 800 insurance companies on the market, and all of them are going to have different rates. It can be a long and difficult process to find the best protection for you and your family.

If you’ve reviewed your insurance plans, you may have decided you need to find a different policy or get additional coverage. That’s where we come in.

It’s our mission to ensure you’re getting the best rates. Not having the proper insurance policies can leave you or your family with a massive amount of debt and other expenses. You never know what’s going to happen tomorrow, which means you shouldn’t wait any longer to get the insurance coverage that you deserve.

If you have any questions about any of your insurance plans, please contact one of our agents today. We have years of experience helping our clients in the Denver, Colorado area get the coverage that they need. Use our contact page or give us a call at (720) 209-4598.

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Your home is your most important investment. It’s where you and your family eat dinners, create memories, and where all of your precious heirlooms are stored. If something were to happen to your house, it could face some serious emotional and financial struggles. That’s where homeowner’s insurance protection comes in.

As a homeowner in Denver, you should ensure that your home has all of the insurance protection that you deserve. At Longevity Brokers, it’s our mission to ensure that your home is protected from everything that Mother Nature could throw at it.

Does your Homeowner’s Insurance Policy Cover Earthquakes?

A common misconception about homeowner’s insurance plans is that they cover any damage, but that’s not true. Homeowner’s insurance plans are very specific in the types of perils that they will protect against. There are plenty of loopholes and damages that they won’t pay for, and one of those is earthquakes. 

Some damage from nature are covered, typically things like wind and hail will be included. If you want insurance protection from natural disasters, like earthquakes and floods, then you need to purchase additional insurance plans.

Assuming that your homeowner’s insurance policy covers earthquakes is a dire mistake. It could leave you with massive repair bills.

How much does Earthquake Insurance Cost?

There are a lot of different factors that impact how much you’ll pay for your insurance. The biggest factor that will impact your premiums is where you live. Areas that are more prone to earthquakes are going to have more expensive rates compared to cities where they rarely have one.

Denver is not known for their earthquakes, but there have been more than 700 earthquakes recorded of a magnitude of 2 or higher since 1867. There have been more than that, but they were not recorded because of a lack of instrumentation.  One of the most significant earthquakes in Colorado history happened in 1967, and it was a magnitude of 4.8. While this is not considered a “major” earthquake, it can lead to some severe structural and property damage.

Compared to other western states, Colorado is not at a high risk of earthquakes, but that doesn’t mean that you should skip getting the additional protection. Thankfully, since Colorado is not a hotspot for earthquakes, the policy is going to be more affordable than it’s going to be in other states.

The location is not the only factor that is going to impact how much you pay every month. The other factors are the type of home, how large it is, the number of stories, the age of your home, and the ground under your home. Each of these is going to play a major role in how much you pay for your earthquake policy.

Depending on where you live, the type of home that you have, you could pay as little as $50 every year. For only $50 every year, you could have earthquake protection for your house. With most companies, you can expect to pay around $0.50 for every $1,000 worth of coverage. The more expensive your house is, the more that you’re going to pay every year.

Earthquake Insurance Coverage

You never know what’s going to happen tomorrow, which means that you should get the insurance protection that you and your family need for your home. Mother Nature can throw some serious curve balls at you. While you may never need the plan, like other insurance plans, it’s an important safety net to have.

We know that earthquakes are not common in Denver, and more than likely, you’ll never experience any damage from an earthquake, but geological professionals are predicting that Colorado could suffer a massive earthquake sometime in the near future. Even if you never have to live through a major earthquake, because it’s such a cheap insurance plan to add, why not spend a couple of dollars every month to have the additional safety net.

If you have any questions about earthquake insurance in Denver, CO., please contact one of our agents today. We would love to answer any questions that you have and ensure that you have all of the insurance protection that you need.

Unlike traditional insurance agents, we are a group of independent insurance agents. That means that we don’t work with one single company. Instead, we work with dozens and dozens of highly rated companies, and we can bring all of the best insurance policies directly to you.

At Longevity Brokers, we can help connect you with the best companies for homeowner’s insurance, earthquake insurance, auto insurance, and much more. If you’re ready to get earthquake insurance, you can use our contact page or call us at (720) 209-4598.

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