Do you want a more affordable rate that is also adequate Colorado homeowner's insurance coverage? Let's discuss a number of time-tested ways of getting just that...
1. Make sure each door to the exterior has dead-bolt locks. This makes it hard for intruders or burglars to break in. And since a home's risk of burglary is a major determinant of Colorado homeowners' insurance premiums, you will pay far less.
2. Get an umbrella policy and cut down your homeowners' liability coverage. The additional advantage here is that even though you will spend much less, you will also get superior coverage.
Home liability coverage is to take care of people who get injured on your property. Lawsuits that may result from any injury claims are as well covered. But like every other thing in insurance, there's a limit to the amount that is covered and your home liability coverage might not be enough.
On the other hand, an umbrella insurance policy usually gives huge coverage limits that can usually take care of the major lawsuits for very insignificant premium.
3. You will attract reasonable discounts if you fix a sprinkler system. The reason for this is that a sprinkler system is good for putting off fires. Although they are by no means affordable, they will bring you good discounts. You can pay back over several years thus reducing the difficulty in paying the amount involved in such a project.
4. You will likely reduce your premium if you take time out to review your Colorado house insurance policy at least once a year or whenever things change in your home. That expensive fur coat might no longer be worth as much as when you got it.
If it is now worth less, you'll then do the sensible thing: Lower your coverage by the same margin and get more affordable premiums as a result. However, remember that doing this could as well show that it is now valued much more and so demand that you add to your coverage.
5. Do you have fire escapes in your house? If you say "yes" then ensure that your agent is aware of it as it should bring you a small discount. Don't fail to inform your agent even if all you have as fire escapes are rope ladders. Make sure you have a fire escape unless you don't intend to take advantage of this savings opportunity. Ask your agent to see what makes you eligible for such a discount.
6. You will save more by visiting a minimum of five Colorado homeowner insurance quotes sites. If you do this, you'll make it most likely that you'll get all the lowest quotes available as five sites will give up to 25 quotes altogether.
Here are my favorite quotes sites (highly recommended)...
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