Monte Vista Homeowners Insurance

Your Guide to Buying Homeowners Insurance in Monte Vista, CO

Independent agents can help you find the coverage you want at a price you can afford.

Monte Vista Colorado Homeowners Insurance

Whether you first came to Monte Vista for the annual Crane Festival or you are a lifelong resident, if you own a house in this municipality, you can benefit from the protections offered by a good homeowners insurance policy.

Local independent agents are available to assist you with all of your insurance coverage needs. These agents are free to work with several competing insurance providers so they can help you find the best and most affordable policy to cover your Monte Vista home.

Find an insurance agent near you to get more information and to start comparing customized homeowners insurance quotes.

How Much Does Homeowners Insurance Cost in Monte Vista, CO?

Average homeowners insurance rates in Colorado are higher than the national median.

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

On average, home values in Monte Vista are on the low side for Colorado. This means that most properties in this municipality will cost much less than the state average rate to cover with homeowners insurance.

Costs are calculated according to a number of factors such as the following.

  • The size, age, and value of your house
  • The type of house you are covering (e.g., single-family detached, mobile home, rental property, etc.)
  • How many stories your house has and whether it includes a basement
  • The crime rate and weather risks where your house is located
  • Your claims history and credit score
  • The size of your deductible

Typically, if you bundle your home insurance with other coverage such as car insurance or ATV insurance, you can qualify for discounted rates on each of your policies. 

Taking the time to compare quotes from a few different insurance companies lets you be certain that you are getting your policy at a reasonable price.

Monte Vista Homeowners Insurance Covers Your Property

Homeowners insurance is designed to cover the cost to rebuild, repair, or replace your property if it is damaged by a covered event. Here are some of the risks that could lead to property loss or damage in Monte Vista.

  • Property crimes, including
    • Burglary
    • Vandalism
    • Arson
  • Fires, including
    • Wildfires

Accidental fires

    • Gas explosions
  • Harsh winter weather, including
    • Heavy snows
    • Ice accumulation
    • Prolonged freezing temperatures
  • Severe storms, including
    • Thunderstorms
    • Windstorms
    • Hailstorms

Fortunately, most homeowners insurance policies provide coverage against each of these hazards. In fact, in one recent year alone, insurance companies paid out more than $1.7 billion in insurance claims to homeowners in Colorado.

You will want to be sure that your coverage limits for the structure of your home (dwelling insurance) and your personal property (contents insurance) are high enough to allow you to fully rebuild, repair, or replace damaged property if your home is severely impacted by a covered event.

What about Coverage against Floods in Monte Vista, CO?

Homeowners insurance does not cover flood damage. Unfortunately, many people do not discover this until it is too late.

If your house is in a FEMA-designated flood zone, your mortgage company will require you to carry flood insurance until your loan is paid in full. Otherwise, this insurance is optional.

Even those who own homes in low-risk areas bear some risk. The Federal Emergency Management Agency (FEMA) reports that 20% of all flood insurance claims are for properties outside of flood zones. FEMA also warns that just one inch of rainwater in your house can cause up to $25,000 in property damage.

That is why, for many residents of Monte Vista, supplementing with flood insurance is a good idea. Affordable policies are available through the National Flood Insurance Program (NFIP), which is managed by FEMA.  


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What Is Loss of Use Insurance?

If a disaster like a wildfire or a severe thunderstorm renders your home uninhabitable, loss of use insurance can help. This coverage is included as a standard part of a typical homeowners insurance policy.

Loss of use insurance is designed to pay for your temporary living accommodations and related expenses while your house is being repaired or rebuilt following damage caused by a covered event.

This coverage can continue until your house is brought back to code or you have purchased a new house. But it typically ceases after one year.

Why Do Homeowners in Monte Vista Need Liability Insurance?

Everyone has the potential to make a mistake. Accidents, negligence, and errors in judgement can sometimes lead to extremely expensive lawsuits. The good news is that your homeowners insurance also provides you with a significant amount of personal liability coverage.

Homeowners liability insurance is designed to cover court costs, legal fees, mediation costs, settlements, judgements, and other related expenses if you or someone in your household is sued for unintentionally causing injuries, financial losses, or property damage to others.

So, for instance, if a visitor is severely injured in an accident while in your home, your dog gets loose and bites a neighbor, or someone accuses you of libel or slander, you can turn to your homeowners liability insurance for help.

Most homeowners insurance policies offer up to $300,000 in personal liability coverage. If you want more liability coverage than your home insurance company can provide, you can significantly boost your coverage by also purchasing an affordable umbrella insurance policy.

What Is the Burglary Risk in Monte Vista, CO?

A burglary can cause you a lot of stress and anxiety. It may, however, give you some peace of mind to know that if you are the victim of a property crime, your homeowners insurance can compensate you for your losses.

  • 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 Monte Vista: 6.12

In one recent year, there were 25 burglaries reported in Monte Vista. This accounts for the current burglary rate shown above. However, this is a big drop from a few years before when there were 81 reported burglaries (rate of 19.01) in this small municipality. That is why it is important to be cautious.

Home security systems are one of the most effective theft deterrents. This is particularly true if they are set up to make automatic calls to authorities if an alarm is triggered. That is why many insurance companies offer discounts to policyholders who have alarm systems installed in their homes.

Why Should Monte Vista Residents Work with a Local Independent Agent?

Independent insurance agents in the Monte Vista area are available to help with all of your coverage-related needs.

These agents are free to work with several different insurance providers so they can obtain a variety of customized home insurance quotes on your behalf. This lets you be certain that you are getting your policy at a competitive price.

Contact an insurance agent with an office near you to arrange an obligation-free consultation. You will soon discover how easy it can be to find the best homeowners insurance.

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