Boulder Homeowners Insurance

Your Complete Guide to Boulder, CO Homeowners Insurance

Homeowners insurance near you

Home to about 100,000 people, Boulder, CO is a mountain city located where the Rockies meet the plains. With its high altitude, residents of this city enjoy a mild climate with low humidity. It can be so dry here, in fact, that Boulder is often referred to as a high desert. If you own a house in this picturesque city, homeowners insurance can cover your investments.

Independent insurance agents in Boulder can help you find a comprehensive yet competitively priced homeowners insurance policy. Find an insurance agent near you to get more information and start reviewing customized quotes.

How Much Does Homeowners Insurance Cost in Boulder, CO?

To get an idea of how much a policy will cost you, let’s look at some averages:

  • National average yearly premium: $1,211
  • Colorado average yearly premium: $1,495
  • Boulder average yearly premium: $2,171

The average homeowners insurance rate in Colorado is higher than the national average. And in Boulder, the average rate is significantly higher. This is due mainly to the high property values in this area, as well as the number of homeowners who have a lot of high-value personal property to cover.

Of course, your quoted costs can vary from these figures, because home insurance rates are based on several factors such as:

  • The age, size and value of your house
  • The number of stories your house has and whether it has a basement
  • The crime rate and common weather hazards in your ZIP code
  • How much coverage you are purchasing
  • Your claims history and credit score
  • The amount of your deductible

If you bundle your home insurance with other policies such as car insurance or business insurance, you can often get all of your coverage at discounted rates. An independent agent in Boulder can help you find the right home insurance policy to meet your coverage and budgetary needs.

Boulder Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover loss or damage to the structure of your home (dwelling coverage) as well as to the personal property inside it (contents coverage).

You will want to be sure that your coverage limits are high enough to allow you to rebuild, repair or replace damaged property if your home is impacted by a damaging event like a wildfire, accidental fire or heavy winds.

Catastrophic Events in Colorado

  • Number of federally declared disasters in Colorado: 95
  • Most common reasons for disasters in the state:  Fires 
  • Average number of tornadoes per year in Colorado:  53
  • Average amount of property damage per year in CO:  $1.75 billion
  • 1 in 15 insured homes has a claim each year.

Be aware that home insurance does not cover flood damage. It also will not cover damage caused by landslides, mudslides or earthquakes

If your home is located in a designated flood zone or is otherwise at risk for flash flooding, a local independent agent can help you secure coverage with an affordable flood insurance policy. Your agent can also help you find supplemental policies that can cover against landslides and earthquakes if you want this added protection. Talk to your insurance agent to learn more.

Homeowners in Boulder Need Liability Insurance

Homeowners insurance does more than just cover your property. It also provides you with a significant amount of personal liability insurance. Homeowners liability coverage is designed to absorb expenses like court costs, legal fees and damages when they are associated with a covered liability lawsuit.

Samples of times that you may need to use this liability insurance include:

  • A visitor to your home suffers a serious head injury when weather damage to your deck causes it to collapse.
  • You accidentally injure a friend while goofing around at Chautuaqua Park, and your friend, who is uninsured, needs to undergo surgery and months of physical therapy.
  • Your child leaves the gate open and your dog gets loose and bites a delivery person.
  • An area business takes issue with a scathing review you posted online and threatens to sue you for libel.

Your local insurance agent can explain this coverage in greater detail. Also, if you want to have even more liability coverage than your home insurance company can provide, your agent can help you secure an affordable umbrella insurance policy as well.

Homeowners Insurance Covers against Property Crimes in Boulder

The burglary rate in Colorado is lower than the national average. However, in Boulder, the risk is higher. There are around 450 burglaries reported in this city every year.

  • Number of burglaries per 1,000 homes in the US: 3.76
  • Number of burglaries per 1,000 homes in Colorado: 3.75
  • Number of burglaries per 1,000 homes in Boulder: 5.12

To protect their property, some Boulder residents have installed home security systems in their houses. Of the many preventive measures you can take to lower your risk of being targeted by burglars, these alarms are among the most effective. That is why many insurance companies offer discounts to policyholders who use them. If your house is broken into, you may find it comforting to know that your homeowners insurance can provide compensation for your losses. Your local insurance agent can help you review your policy’s contents coverage to ensure that your most valuable belongings are appropriately covered.

What about Insurance for Second Homes and Vacation Homes?

If you are among the Boulder residents who own more than one house, your extra property is likely to have additional risk factors that insurance companies will take into consideration when they calculate your rates. Depending on certain details about your second home, you may be required to purchase specialized home insurance coverage.

For example, if you own a multi-family house nearby that you rent out to young couples, your liability and property damage risks will be higher than they are for your primary residence. That is why this type of home would need to be covered by landlord insurance. Alternatively, maybe you own a winter vacation house in a warmer climate. If the house is left vacant and unattended for several months out of the year, your insurance company will likely require you to carry vacant home insurance during the times that the property is unoccupied.

A local insurance agent can help you review the coverage needs of your secondary properties and can help you find the best home insurance coverage for all of them.

Why Work with an Independent Insurance Agent in Boulder, CO?

Independent insurance agents are available to assist you with all of your insurance coverage needs.  You can turn to one of the many agents in Colorado when you are looking for answers to your insurance-related questions, need the advice of a trusted professional, or just want help finding the best and most affordable homeowners insurance policy for your Boulder home.

Contact an insurance agent with an office in or near you to learn more. You will soon discover how easy it can be to compare customized, competitively priced home insurance quotes from a variety of trusted and highly rated insurance companies.

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