Longmont Homeowners Insurance

Complete Guide to Longmont, CO Homeowners Insurance

Homeowners insurance near you

Longmont, CO is home to about 86,000 people. This city’s low crime rate, fast municipal internet service, and easy access to Boulder and Denver all make this a great place to own a house. If you are among the many property owners in this vibrant Colorado city, you will want protect your investment with a comprehensive homeowners insurance policy.

When you are shopping for the best coverage for your Longmont home, an independent insurance agent can help. Find an insurance agent with an office near you to learn more about your options when it comes to homeowners insurance.

How Much Does Homeowners Insurance Cost in Longmont, CO?

On average, homeowners in Colorado pay more for home insurance than property owners throughout much of the country. In Longmont, however, rates tend to be a bit lower. Let’s look at a rate comparison:

  • National average yearly premium: $1,211
  • Colorado average yearly premium: $1,495
  • Longmont, CO yearly premium average: $1,017

Of course, because home insurance rates are calculated on a case-by-case basis, your actual cost may be higher or lower than the average rate listed above. Insurance companies base their prices on a number of factors such as:

  • The age, size and value of your home
  • The number of stories your house has and whether it includes a basement
  • The type of house you are insuring (e.g., single-family detached home, condo, manufactured home, vacation home, etc.)
  • The crime rate and weather risks in your ZIP code
  • Your claims history and credit score
  • Whether you are bundling your coverage with other policies like car insurance or life insurance

Each insurance company has its own way of calculating rates, so it is a good idea to compare quotes from a few different providers before making a selection. That way, you can be sure that you are not paying too much for your coverage. Independent insurance agents make comparison shopping easy.

What Kinds of Damage Does Longmont Homeowners Insurance Cover?

There are a number of ways that your Longmont home may sustain damage. Hazards such as residential fires, wildfires, hailstorms, strong winds, freezing temperatures and heavy snows can all have an impact on homes in this area.  

Catastrophic Events in Colorado

  • Number of federally declared disasters in Colorado: 95
  • Most common reasons for disasters in the state:  Fires and Floods
  • 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.

Your homeowners insurance policy is designed to provide coverage against many of the hazards you are likely to face as a property owner in this city. A local insurance agent can help you review your dwelling and contents coverage limits so you can be sure that they are high enough to enable you to fully rebuild or replace damaged property following a catastrophic event.

Some residents of Longmont are prone to damage caused by floods, landslides and mudslides. Unfortunately, none of these hazards are covered by a standard homeowners insurance policy. If appropriate to your situation, your insurance agent can help you supplement your coverage with policies that will cover you against these hazards. Talk to your local insurance agent for help obtaining the full protection you need.

Why Do Longmont Homeowners Need Liability Protection?

People make mistakes and accidents happen. Sometimes, these accidents or errors in judgment lead to third-party injuries or damage. If you are to blame, you will be expected to pay for the resultant costs. Depending on the severity of the damage, this can get very expensive. That is why homeowners insurance also provides you with liability coverage.

Your homeowners liability insurance is designed to cover your court costs, legal defense fees and financial damages if you are held liable for a covered event. Examples of times that this insurance can provide coverage include:

  • If someone is seriously injured while on your property and it can be blamed on negligence of upkeep or is otherwise deemed your fault.
  • If you accidentally injure someone while you are away from home, such as while goofing around with friends at Affolter Park.
  • If your pets or children cause injuries or property damage to others.
  • If you are accused of libel or slander, a risk that has grown in the age of social media.

Talk to a local independent insurance agent to learn more about the many ways that the liability coverage included in your Longmont home insurance policy can protect you.

What Is the Burglary Rate in Longmont?

The burglary rate in Colorado is lower than the national average, and in Longmont, the risk is even lower. That is not to say that the risk does not exist. Residents of this city report around 300 burglaries 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 Longmont: 2.92

Being the victim of a property crime is stressful enough. If your Longmont home is broken into, it may bring you some comfort to know that your homeowners insurance can provide compensation for your losses as well as for any property damage the burglars may have done to your house. Because home security systems are among the most effective theft deterrents, many insurance companies offer discounts to policyholders who have burglar alarms installed in their homes. A local independent agent can help you find all of the potential discounts for which you may qualify.

What about Insurance for Second Homes and Vacation Homes?

Maybe you own a weekend getaway cabin in the Rocky Mountains. Or perhaps you own a second home in nearby Denver that you rent out to young professionals. Whatever your reasons, if you own more than one home, there are additional factors that insurance companies will consider when calculating quotes for coverage.

Vacation homes that are left unoccupied for long periods typically have higher risks of property damage. This is because hazards like water leaks, pest infestations, or property crimes can go unnoticed long enough that they result in serious damage. Vacation houses may therefore need to be covered by vacant home insurance during the times they are not in use.

Houses that are occupied by tenants have higher property damage and liability risks than houses that are occupied by their owners. On the other hand, they require less in the way of contents coverage. If you have tenant-occupied properties, these homes will need to be covered by landlord insurance. An independent insurance agent can help you find the right coverage to make sure that your residential properties are sufficiently covered.

Why Work with an Independent Insurance Agent in Longmont?

Independent insurance agents live and work in your community, so they understand the risks you face as a homeowner in Longmont. These agents make it easy to find the best home coverage available because they are able to obtain a variety of customized quotes that you can review and compare together.

Find an insurance agent in or near Longmont to schedule a one-on-one consultation and get more information.

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