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Alliance Insurance Services

5440 Ward Rd. Ste. 215
Arvada,Colorado 80002

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Questions to ask when buying home insurance for the first time

Being a homeowner in Arvada, CO doesn’t have to be complicated; neither is home insurance. However, reading your insurance policy and learning about critical components of your policy, such as your coverage limits and the amount of coverage you need, goes a long way towards providing a financial safety net. That means asking important questions. If you’re not sure what to ask, here are some of the questions you should ask.

What would be the cost to rebuild my home currently in the event of a loss?

This is an important question if you want to know the amount of home insurance you need. Your insurance company can easily determine the cost of building material and labor in your area to come up with your home’s approximate value. 

What factors can affect my home insurance rates?

All insurance companies, including Alliance Insurance Services, have their unique way of calculating insurance premiums. However, they use several general factors to come to their conclusions, such as the safety of the area you live in, the number of people living in your home, the size and material used to build your home, and other features in your home such as a swimming pool, home office or trampoline.

Is water damage covered in my policy?

Most insurance policies in Arvada, CO, cover water damage. However, damage from flood water is not covered. Your insurance company should explain the difference between water damage and flood damage. Generally, water damage is caused by a broken tap, burst pipe, or clogged sewage system.

Should I get a separate policy for valuable items?

Your insurer may want to see your valuables to determine whether they can be included in your personal belongings or not. In most cases, money, guns, jewelry, artwork, and fur may require a separate policy.

If you’re confused about discounts, coverages, and limits, reach out to Alliance Insurance Services and speak to one of our insurance agents. They will show you examples and provide you with several options. Call us today!

5 Benefits of home insurance

Buying a house is not only the single largest investment for most people, but it is also a herculean task that involves a lot of research, planning, patience, and saving. With an increase in calamities, not having home insurance can result in a huge financial setback. At Alliance Insurance Services serving in Arvada, CO, our agents walk with you to offer you a policy that suits the needs of your home.

What does a home insurance policy cover?

A home insurance policy is a form of property insurance that covers you against financial liability due to damages on your individual residence, home assets, and finishings. Damages include both interior and exterior damages or injuries experienced while on the property. A home insurance policy will also cover you against legal liability from suits arising out of damages or injuries within your residence.

Benefits of home insurance

  • Loss replacement

Having a home insurance policy allows you to enjoy financial security. Depending on your home insurance policy you have opted for, your damaged personal assets can be replaced at their actual value or have them replaced. This protects you from unplanned financial obligations.

  • Lawsuits protection

A home insurance policy protects you from property-related lawsuits. Property lawsuits could result from accidental damage to other people’s property either through fire or mechanical damage. The policy also covers medical expenses on guests injured while on your property.

  • Protection from natural disasters

A detailed home insurance policy protects you from natural disasters such as earthquakes or landslides.

  • Peace of mind

The assurance of your home security allows you to enjoy the luxury of peace of mind. You can sleep without worrying about unexpected disasters and calamities.

  • Protects more than your home

A home insurance policy covers other components of your compound such as the garage, fence, or deck.

Please visit Alliance Insurance Services in Arvada, CO and get to know of the many benefits you will enjoy from having a home insurance policy. You can also visit our website for further information.

Why should someone invest in home insurance in Colorado?

If you are in the Arvada, CO area, you should think about buying a home. Those that are property owners in this state can benefit in a variety of different ways in the long run. If you do want to buy a property here, it would be a good idea to get insurance for it. There are several reasons to invest in this type of coverage for your property. 

Insurance is a Requirement

An important reason that people in Colorado should get home insurance is that it is often a requirement. When you are going to purchase a home in Colorado, your mortgage lender will have a vested interest in your property. Because of this, they will want to know that you have proper insurance protection at all times. The lender will have specific home insurance guidelines that will need to be met. 

Insurance Gives Important Coverage

Another reason that you should get home insurance is that it gives important coverage. Even if you do not have specific insurance requirements set by a lender or other party, the value that comes with home insurance still makes it a good investment for anyone. When you start looking for home insurance, you will find that it not only protects your home and personal assets but it also comes with valuable personal liability coverage.

When you are in the Arvada, CO area and are looking for home insurance, you will want to know that you are making the right decision. The team with Alliance Insurance Services has helped many people in this area of the state build and choose insurance policies. If you do call Alliance Insurance Services, you can get the guidance that is needed to build a policy that will keep you in compliance and provide you with the best overall coverage. 

Do I need home insurance after I pay off my mortgage?

For most homeowners reaching the day when you make the final payment on your mortgage is a time for celebration. Break out the champagne and shred the amortization papers. You finally own your own home. It’s a liberating feeling. All those years of monthly payments, maybe including your home insurance. Now it is your decision whether or not you want to keep your home covered by home insurance. You will need an insurance agent to help guide your decision and in Arvada, CO,  Alliance insurance Services is an independent agency that has been doing business for more than 25 years. 

It will be tempting to not pay the premium required to have home insurance. That would be a mistake. Home insurance offers a lot of protection. Nobody likes to dwell on the negative but the world is full of hazards and most of them are beyond your control. Weather, fire. theft and other hazards can destroy your sense of security. If you lose your home, your possessions, and your place to dwell what would you do without home insurance? Unless you are independently wealthy, you might find yourself homeless. 

Home insurance helps you rebuild after a catastrophe, replace your possession, and provides a place to stay while your home is uninhabitable. And that isn’t all home insurance does for you. It provides liability coverage to protect you from being sued. These days getting sued can happen to anyone and it will cost a lot to pay for legal fees and a judgment against you. 

So to answer the question ‘Do I need home insurance after I pay off my mortgage?" the answer is yes you do. The protection if affords is way too valuable to go without. At Alliance Insurance Services in Arvada, CO, we can help you to find the right home insurance policy for your needs and your budget. Give our office a call for a no-obligation quote. 

When does someone need to have home insurance?

For someone that lives in the Arvada, CO area, owning a home is a great long-term investment option. When you are a property owner, you are going to benefit many different ways including through price appreciation, a hedge against inflation and simply having a stable place to live. If you are going to purchase your own home, you should carefully consider your insurance needs. One of the best ways to do this is by getting a home insurance policy. There are several situations when someone needs to have this coverage.

When Taking Out a Mortgage

One of the most common situations, when you will need to have a home insurance policy, is when you are going to take out a mortgage. A mortgage lender will rely heavily on your home as collateral. Due to this, they will want to make sure that you are protecting it as well as possible. One of the best ways that you can do this is by getting a home insurance policy. In most cases, the lender will require you to pay into a monthly escrow account to ensure your property is always covered.

When in an Association

Those that are in Arvada, CO will also need a home insurance policy when they live in a home association. Property associations often have specific insurance requirements for their local owners. You should carefully review your association’s guidelines when picking a new policy.

Ultimately, there are many situations when having a home insurance policy will be a requirement for you. If you are looking for a new policy, you should call Alliance Insurance Services to discuss. The team at Alliance Insurance Services will help you to find a policy that provides the right type and overall level of coverage for your home. 

How Often Should I Update My Home Insurance Inventory?

Protecting your Arvada, CO home and everything in it means keeping accurate records. But what does that mean, exactly? Obviously, your insurer can’t cover something if they don’t know that you own it in the first place, but turning in a weekly inventory doesn’t make a lot of sense.

For most homeowners, there are only two instances where you really need to update your inventory:

  1. Once every six to twelve months
  2. After every major purchase

Buying a couple of new Blu-rays now and then isn’t really worth updating your inventory over, but after six months or a year, they’re going to start adding up. So you’ll want to do regular updates to keep your insurance provider posted. And of course, you’ll want to give your agent a call and send some photos and receipt copies along any time you buy a new TV or a sofa or anything like that. If you had to save up for it, tell your insurance agent.

When making an inventory, it’s a good idea to get some video of your possessions. Making a list is great, but there’s so much you can forget to include, and a video will capture a whole bookshelf quicker than your notepad app will. Receipts are great when you have them on hand, but it can be hard to find one for every single item that you own. Save them if you can, but video and photos might be all your insurer needs to see.

If you’re still shopping around for home insurance in Arvada, CO, give Alliance Insurance Services a call and see what they can do to help protect your home and everything in it. Alliance Insurance Services can get you the coverage you need.

Why do I need a home inventory

Owning a home comes with a lot of responsibility. One of those responsibilities is home insurance. Home insurance has several parts and one of those parts is content coverage. If you are like most people, you can’t remember what you had for lunch today let alone everything that you own in your house. In order to make sure that all the things that you own are covered under your home insurance, you need a home inventory so that you can come up with a value that makes sense. At Alliance Insurance Services our goal is to make sure that everyone in Arvada, CO has the insurance that they need. 

What a home inventory does is to list all the items in every room, nook, and cranny of your home. This includes closets, basements, and attics. Once you start to do yours, chances are you will be amazed at all the things you own. Off the top of your head could you remember all the Christmas ornaments you have? Tools in the basement? Dishes in the cupboard? Chances are you don’t have a clue. What is your home was flatten by a tornado or consumed by fire? How would you prove what you had previous to the disaster? 

If you do a detailed home inventory and store it in a safe place with any photos and backup information you will be able to provide that to the insurance company and any claim that you have will go much more smoothly. Simply stated, you need a home inventory to protect yourself. 

At  Alliance Insurance Services our experienced team has been helping the residents of Arvada, CO for years. We are ready to add you to that list. Give our office a call or stop by and we will talk about the benefits of a home inventory. 

 

Why It Is Important To Review Your Home Insurance Policy Annually

Arvada, CO residents who are looking to get the most out of their home insurance policies are urged to receive an annual review. Alliance Insurance Services is able to help. While this topic is not always fun to discuss, it is highly important. Many policy holders will simply hold onto their current policies, without ever taking the time to examine them. 

These are the questions that have to be answered before a homeowner can make any final decisions when it comes to their policies. They are the most crucial queries that serve as the outline for any policy.

1. What If The Home Needs To Be Rebuilt?

Thanks to the costs of inflation, a client may not be able to rebuild their home as easily as they may have thought. Those who do not take the time to review their policies could end up with coverage gaps that leave the homeowner in a difficult position. If the policy holder has made any recent improvements, these need to be discussed as well. Renovations are a key aspect of any annual policy review.

2. Will I Quality For Any Discounts?

If you have made any installations that affect the security or durability of the home, these changes may quality the policy holder for a discount. Each insurance company is going to have their own qualifications and it behooves the client to schedule a consultation. The same goes for clients who have made changes to their homes that require additional coverage. Make sure that full coverage has been obtained each year.

3. Do We Still Need The Same Coverage For Personal Possessions?

An existing policy may offer the standard coverage that the client needs but what happens when they do not take the time to consider any extended coverage needs? There is a wide range of valuables that need to be considered at this time. Office equipment, electronics, jewelry, art, and other prized possessions must be examined. Evaluate these and proceed accordingly. 

Arvada, CO homeowners will benefit immensely from taking the time to meet with experienced agents at Alliance Insurance Services. Annual policy review is pivotal, as it keeps homeowners from placing themselves in a difficult position over the short term or the long haul. 

Buying a new home? It’s time to get home insurance

Buying a new home can be an exciting and stressful experience. At Alliance Insurance Services, we are proud to serve the home insurance needs of the Arvada, CO area.  Our team consists of professional insurance agents who are here to help you navigate the sometimes confusing process of selecting the right insurance for your family’s needs.  If you are in the process of purchasing a home, it’s time to learn more about your insurance options. 

Take a look at your insurance options before you buy your home

Your lender will likely have a list of requirements for your home insurance policy and will make sure that you have an appropriate policy in place prior to closing. The days and weeks before closing on a new home can be rushed and hectic as there are a lot of steps that need to be completed. We suggest that you take the time now to review your policy options so that you aren’t making a rushed decision at the last minute.

It is important that your policy provides the coverage that your family needs and is at the appropriate level. These determinations may take some time so it’s always a good idea to begin the process sooner rather than later. Sit down with a professional, local agent who understands the state requirements as well as the standards put in place by lenders. Local agents are also a great asset if you ever need to file a claim as they will be there to walk you through the process. Owning a home is a big part of the American Dream!

Is it time for a new home insurance policy? Call or stop by Alliance Insurance Services and learn more about home insurance options in the Arvada, CO area.

Is Homeowner’s Insurance Required by Law?

Homeowner’s insurance is not required by law in Arvada, CO. If you are purchasing your home through a bank, mortgage company, or other financial institution, they have the right to require that you purchase homeowner’s insurance during your loan period. This keeps their investment protected in case of damage or tragic events. You can speak with an Alliance Insurance Services representative to help you understand how much you should get in this case. 

Though it is not a legal requirement, it is important for home owners to truly consider it. There is a good chance that your home is your most high priced investment. Your home is also probably one of the most devastating things to lose. Insuring it should not necessarily be a question of whether or not it is required, but how devastated would you and your family be if you lost it. It is tempting to think that you will never need it, but think back to just a few years ago on the many devastated and displaced Colorado families who were victims of the wildfires. It is likely that they never thought such a thing would happen either. Even those who had homeowner’s insurance had nowhere near enough to cover the damages, possibly because they never assumed such a tragedy would occur.

Homeowner’s insurance is not a legal requirement in Arvada, CO, but it is well worth the consideration. Protecting your home from such a loss is important. If a tragedy does strike, you and your family should focus on the mourning and healing, not wonder what you will do no. If you own a home, reach out to Alliance Insurance Services to discuss insurance coverage options.

 

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Company Overview

Alliance Insurance Services founded in 1992 has a long standing relationship with both customers and community. Since our start, Alliance Insurance Services has been headquartered at 5440 Ward Rd. in Arvada, Colorado. We also have locations throughout Metro Denver as well as Northern Colorado. Alliance Insurance Services is a proud long time supporter of the Children's Miracle Network, the Better Business Bureau, and the Professional Independent Insurance Agents of Colorado.

Mission Statement

Alliance Insurance Services is dedicated to a lasting relationship with our clients and community through superior service and value. We provide security with quality products and innovative technology. Our team has created an environment that instills trust with those we come in contact with.

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