You would be stupid not to have Colorado property insurance! Hmm…. Too blunt?
I have lived in Colorado for over eight years. For the most part we have fairly calm, blue skies.
As a pilot I love how the low humidity contributes to clear 30-50 mile visibility. As resident I appreciate that low humidity means mold is not the big problem it was for me when I lived in the northeast. As a home owner I am grateful that my Colorado property insurance covers me for property damage and loss when required.
I recognize that the high plains and Rocky Mountains bring their own unique weather systems and risk for property damage. Colorado property insurance is a must have!
Just when we think winter is over and spring flowers have began to bloom, Mother Nature bites us. March tends to be our snowiest month but in 2013 we had 4 winter storms between April and May! Right around that time “spring showers” are expected too and it really does put our gutters, roofs, landscaping and grading, sprinkler systems and plumbing to the test… Not to mention our spirit.
The Front Range and Rocky Mountains of Colorado are places where preserved wild places make for peaceful homes with stunning views and an abundance of wildlife. However, snow and rain in the mountains can quickly translate to flash flooding and mudslides… and it takes the path of least resistance all the way down the canyons to those of us living below. Mudslides are a high risk especially if the water is running off an area previously ravaged by wildfires. At the same time… If you are lucky enough to live the mountain lifestyle, even that which is just minutes from Boulder, you hope for a wet spring, in order to reduce the wildfire risk in the coming summer months! Yep… It’s complicated.
So making sure that your Colorado property insurance covers fire damage, flooding, winter storm and wind damage is a priority.
Mountain towns like Nederland and residences located in canyons get more than their fair share of wind, but I have also noticed that right around this time of year and again in the spring, we get some crazy windy days in South Boulder. This year my house in Martin Acres, Boulder suffered a power outage for over 12 hours, after a wind storm messed with local power lines. In the past, a branch from a neighbors tree put a hole in my roof during high winds.
- It could have been a lot worse!
When the wind is blowing or the visibility drops, you may also have noticed that the skies around smaller airports like Boulder, Longmont and Fort Collins-Loveland are conspicuously quiet. In the interests of safety and comfort, general aviation pilots mostly opt out of flying on nasty weather days.
“It is better to be on the ground, wishing you were in the air… than in the air, wishing you were on the ground,” is what I was taught.
Just being on the ground doesn’t ensure safety or security though… The following YouTube gem not only illustrates quite nicely the way airflow over wings gives the aircraft lift, but also reminds me of why it’s really important to take proper precautions with our property and keep good Colorado property insurance in place.
Whether it’s maintaining your trees or tying down your aircraft, the purpose is the same. Property damage and/or safety incidents tend to wreck a persons day and may be preventable. But in the event it’s not preventable, we have Colorado property insurance to deal with the loss.
Lenders have a vested interest in protecting assets they secure loans with and require certain minimum Colorado property insurance policies remain in place for that asset. It’s important to note however that:
A) Not everything is covered by insurance and certain behaviors may void policies.
B) The Colorado property insurance deductible may not be insignificant – or worth the claim.
C) You should be aware of how this claim might affect your Colorado property insurance premium, going forward.
Also… It may be a case of no loan = no requirement for Colorado property insurance.
Do you know what you are covered for and what is not covered?
When your policy expires and how it renews?
It’s worth double checking!
“An ounce of prevention is worth a pound of cure.”
– Benjamin Franklin
It can wreak havoc.
This year my house in Boulder suffered a power outage for over 12 hours, after a wind storm messed with local power lines.
Then just weeks later, a branch from a neighbors tree put a hole in our roof. Luckily, the weight of it fell directly over a joist so the damage was limited to the tiles and plywood and the interior was spared.
Around the same time, you may have noticed that the skies around smaller airports like Boulder, Longmont and Fort Collins-Loveland are conspicuously quiet.
In the interests of safety and comfort, general aviation pilots mostly opt out of flying on windy days.
“It is better to be on the ground, wishing you were in the air… than in the air, wishing you were on the ground,” is what I was taught.
Just being on the ground doesn’t ensure safety or security though…
The following youtube gem not only illustrates quite nicely the way airflow over wings gives the aircraft lift, but also reminds me of why it’s really important to take proper precautions with our property.
One has to wonder if this aircraft was lucky enough to miss other aircraft parked nearby… fingers crossed.
Whether it’s maintaining your trees or tying down your aircraft, the purpose is the same. Property damage and/or safety incidents tend to wreck a persons day and may be preventable!
Lenders have a vested interest in protecting assets they secure loans with and often require certain minimum insurance policies remain in place for that asset.
It’s important to note however that:
A) Not everything is covered by insurance and certain behaviors may void policies.
B) The deductible may not be insignificant – or worth the claim!
C) You should be aware of how this claim might affect your premium, going forward.
Also… It may be a case of no loan = no requirement for insurance.
Do you know what you are covered for and what is not covered?
When your policy expires and how it renews?
It’s worth double checking!
“An ounce of prevention is worth a pound of cure.”
– Benjamin Franklin