Protect Your Townhouse With Fantastic Insurance
Townhouse Insurance in Colorado Springs, CO
Buying a townhouse in Colorado is often a less expensive way to get a beautiful new house. This dwelling type differs from condos because it is larger and doesn’t share as many extra spaces with buyers.
If you’re planning on moving into Colorado Springs and need a home insurance policy before finalizing your mortgage, it’s important to understand your options. After all, you’re spending good money; why not protect it with amazing coverage?
Is Your Insurance Protecting You?
What Does County Townhouse Insurance Cover?
When you buy townhouse insurance from Alliance Insurance of the Rockies, you get home protection that covers multiple facets of your property. After all, who wants to buy something for hundreds of thousands of dollars only to leave it unprotected?
Anyone who plans on buying or selling one must understand these four coverage types:
- Dwelling Protection: Home structure coverage protects the townhouse from problems like hail storms and other natural disasters. However, it doesn’t usually cover floods or earthquakes, so contact us at Alliance if you’re uncertain about your options.
- Personal Property: What happens when your personal items in your townhouse get damaged or stolen? Well, your insurance policy will replace them! Let’s say a fire destroys your closet, and your clothes go bye-bye. Townhouse protection will minimize your loss!
- Liability Coverage: A liability coverage policy protects homeowners if someone gets injured on their property. Let’s say someone slips and falls in your townhouse and needs medical treatment. Your insurance will pay for it up to a specific point.
- Additional Living Expenses: Severe damage to your townhouse might force you out temporarily while contractors fix it. What the heck are you supposed to do now? Use your additional living expenses protection to cover our payments while you rent.
Townhouse Homeowners Insurance for Colorado Residents
How Homeowners Association Policies
and Renting Impact Coverage
- HOA Policy: Read your homeowners association's HOA policy to see what it covers. The master policy often covers shared areas, like renting or buying condos.
- Limitations: Depending on your HOA, your townhouse insurance policy might have limitations. Contact us at Alliance Insurance, and we’ll improve your protection.
- Additional Coverage: Some HOAs ask townhouse owners to get extra protection, such as covering their garages, sheds, or other structures on their property.
How Much Townhouse Insurance Colorado Springs Residents Need
Dwelling Protection for Colorado Townhouses
If the townhouse is completely destroyed, you’ll need at least enough money to rebuild it. The total cost will vary depending on the house’s location, features, and size. Talk with us to learn more about the different factors that can affect this important type of protection.
Personal Property Coverage for Colorado Springs
Try to get at least 50-70% protection on your townhouse. This means it pays for that percentage of the replacement costs. Do a quick home inventory and call us if you’d prefer to set up 100% coverage for your townhouse.
Liability Levels
You Need
Most liability protection starts around $100,000, which helps protect you in major lawsuits. However, you can upgrade to $300,000 or more, with some getting protection as high as $500,000. Get this higher protection if you own a dog or have regular parties.
Additional Living Expenses Protect You Can Trust
Homeowners should receive additional living expenses equal to about 20-30% of their home’s insurance value. This protection should cover all rental costs when staying elsewhere after a serious problem impacts their home. Let us know, and we’ll set it up for your needs!
Frequently Asked Questions About Townhouse Insurance
Alliance Insurance of the Rockies
Is Here for Colorado Residents
Alliance Insurance provides homeowners of Colorado Springs, CO, townhome insurance that maximizes their home protection. This unique home insurance helps with mortgages, alleviates the fears of mortgage lenders, and provides townhouse coverage for dwelling, home structure, personal property, liability coverage, and additional living expenses.
Even if you’re in a homeowners association, renting your townhouse, confused by condos and their coverage, or want home protection you know you can trust, Alliance Insurance of the Rockies is here for you. We’ll discuss your costs, rates, features, location, features, deductibles, discounts, and credit history when choosing high-quality insurance policies.