Insurance in Loveland, Colorado

What Loveland homeowners and drivers deal with

Hail damage and your roof

Loveland sits in one of the most hail-prone stretches of the Front Range. For most homeowners here, the roof is the claim. Not a fire, not a total loss, but a spring storm that takes ten years off a roof in fifteen minutes.

Two details in your policy decide what that claim is worth. The first is your wind and hail deductible, which is often separate from your main deductible and is sometimes written as a percentage of your dwelling coverage rather than a flat dollar amount. On a $500,000 home, a 2% wind and hail deductible means $10,000 out of pocket before the policy pays anything. A lot of people do not find out that is how theirs is written until they file. The second is whether your roof is covered at replacement cost or actual cash value. Replacement cost pays to put a new roof on. Actual cash value pays what your existing roof was worth after years of depreciation.

Send us your current policy and we will tell you which one you have.

The Big Thompson and flood coverage

Flood is not covered by a standard homeowners policy, not in Loveland and not anywhere else. That catches people out, because it is natural to assume water damage is one category. It is not. A burst pipe and a river coming up are two different perils, and only one of them is on your homeowners form.

Flood is a separate policy, most often written through the National Flood Insurance Program. Whether you need one here depends heavily on which block you are on. The Big Thompson runs straight through town, and flood zone designations can change over a short distance. We can look up your address, tell you what zone it is in, and put a flood quote next to your home quote so you are looking at both numbers before you decide.

Boyd Lake, Carter Lake, and the toys

Boyd Lake is inside city limits and Carter Lake is twenty minutes southwest, so plenty of Loveland garages have something in them that only comes out in summer. Homeowners policies do carry some watercraft coverage, but the limits are low and the definitions are narrow: small boats, small motors. Anything with real horsepower, plus the trailer it rides on, usually needs its own policy. The same goes for ATVs and side-by-sides once they leave your property.