At this point, we probably sound like a broken record when you ask about your home insurance premium. The rates in Colorado continue to rise as the cost of insurance claims, many due to hailstorms, increase. We wanted to give you some things to consider to try to manage the higher costs.
- Deductibles: For homes in the front range, all of our companies are now requiring a higher deductible on new business for losses caused by wind or hail. However, your current policy may allow you to grandfather in at the lower deductible as long as your policy stays active. To help control costs, you can select a higher deductible, even if the insurance company isn’t requiring. Just give us a call and ask for a quote to see if it is worthwhile for you.