2021 Guide for Homeowners in Pueblo, Colorado (Why Home Insurance Is Essential)

Homeowners in Pueblo, Colorado

2021 Guide for Homeowners in Pueblo, Colorado

Homeowners in Pueblo, Colorado

Pueblo, Colorado is one of the most beautiful places to live…so protect your house and property. If you own or are buying a house in 2021, this is your guide to why you need home insurance, what it covers, and what affects your rates.

Pueblo, Colorado Is a Home Owner’s Haven

In 2014 Pueblo Colorado took the number six spot as one of the most affordable places to live in the United States. Besides its low cost of living, the “Steel City” boasts a diversified economy, and an impressive array of recreational opportunities.

There is much to love about Pueblo, Colorado including its outdoor recreation, local parks, and the Pueblo Riverwalk to name a few.  However, it is the climate that gets top billing with four distinct seasons and no shortage of sunny days. What’s not to love?

The Value of Pueblo Homeowners Insurance: Why You Need It

Whether you are moving to the area or are a long time local, you will need adequate home insurance.

Homeowners coverage gives financial assurance against loss from natural disasters, theft, and accidents.

Most standard policies include four major kinds of coverage:

  • Coverage for the actual house itself
  • Coverage for the contents of your house
  • Liability protection
  • Coverage for Additional Living Expenses.

Not only do homeowners policies protect the actual structure, which is why most lenders require it in the terms of the loan, but it also includes your “stuff” in the event of a covered loss.   Even if you do not have a mortgage, it is always a smart financial move to buy insurance.  

To learn more about Colorado Home Insurance, check out our buyer’s guide.  

Types of Losses Homeowners Insurance Can Protect Your From

  • Fire: Most basic and comprehensive policies alike provide coverage for fire.  
  • Bad Weather: Insurance will also protect you from weather related incidents like hail. In 2009 Pueblo was witness to one of Colorado’s most costly hail storms coming in at $232.8 million.  
  • Living Accommodations: The right policy and coverages may also pay for living accommodations while repairs to your home property finish.  
  • Theft: While Pueblo is an ideal place to live, property thefts occur here just like any other city. Keep your treasured belongings safe by having the proper coverage in place. Home insurance provides a financial reprieve for those items taken in a home invasion.   

Cost of Homeowners Insurance in Pueblo: Primary Factors that Affect Your Rates

While there is a myriad of determinants that go into your homeowner’s premiums, and rates vary from company to company, there are primary factors that all carriers look at.  

  1. Rebuilding cost of your home. If a fire ravages your home this is the cost to get it back to the condition it was in before the loss. Includes construction, materials, removing debris and the ease accessibility and labor.
  2. Materials that make up your home. The construction of your home is a biggie.  Is the material built to last? Does it burn easily? These factors go into the rate.  
  3. Age of your home.  It is a fact older homes cost more to insure than newer ones.  Whether it is deteriorating materials or unique features, older homes cost more to replace.
  4. Fire protection in your area. This means the distance you are from a water source and the time it takes the fire department to respond.
  5. Claims history in your area.  If you are in high burglary area or prone to tornadoes, your rate will reflect it.
  6. Your claims history.  If you file small claims every year, a new company will charge you for it. Remember to discuss with your agent before filing a claim.
  7. Your pets. Yup, those little darlings could raise your rates. Certain “aggressive” breeds will cause an increase in premium or no coverage at all.  
  8. Your coverages. Just like car insurance, the limits you choose will determine the rates.  More protection may mean more premium, but it also means greater peace of mind.  You do not want to end up like some of these poor souls did.    

Where to Start?

If you are moving to Pueblo, purchasing a new home or just shopping your current coverage, it can be overwhelming. At A Plus Insurance we will be there to answer questions you may have and eliminate any concerns. We will work with you to find the right coverage that fits within your budget, and we will not sell you on extras you do not need.  We believe in providing all Puebloans with excellent service. Our online system makes it super easy to start a quote, ask a question or learn more about the insurance you are looking for.  
Let us be your insurance hero, start your homeowners quote here.

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Last Updated on July 9, 2021 by Veronica Moss

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