Will my insurance company give me a discount for having a home inventory?

When you are working with an insurance company to find the best discounts to address your needs and goals in Lafayette, CO, you may wonder if a home inventory will help reduce your premium and give you a special rate. Depending on your insurer, an inventory may or may not help reduce your rates.

What is an Inventory?

A home inventory refers to a list of items that you own. Ideally, you will want to identify the replacement cost or the value of each item that is listed. The value of the item will depend on the type of coverage that you are purchases.

Read your policy to determine if you have coverage for the replacement cost of the item or the current market value. The replacement cost may mean that you will be able to replace the item with the same item or with an updated version if the item is no longer sold in stores. The market value refers to the cost of the item after depreciation rates are calculated.

Getting a Discount

The only way to determine if your insurance provider will offer discounts for a home inventory is by asking a representative of the company. Find out what the company requires as proof and see how much of a discount is provided. Some insurers may offer reduced rates, but the percentage and savings may vary between companies and policies.

It is possible that creating an inventory can help you cut back on the cost of your homeowner’s insurance, but every company is different and the details of your policy may vary so the options and savings that you can expect will depend on several factors. Contact us to talk to an agent for more details.

Is frost damage to your driveway covered by my home insurance policy?

During the winter months, it is likely that you will face a variety of situations associated with winter storms, snowfall and frost. Among the problems that may arise is the possibility of frost damage to your driveway, sidewalks and even your yard. Depending on your coverage and policy, you may or may not be covered for the situation.

Sudden Damage

In many cases, insurance companies will pay for any damages to your property that are related to sudden and unexpected situations. For example, a sudden frost that comes up without warning and is part of a winter storm may be covered. Frost that develops slowly and provides enough time to protect against may have less coverage or may not be covered by every policy.

It is also important to recognize that a frozen and frost-covered driveway may not be covered if it stems from a problem that is not covered by your policy, such as a flood that freezes.

Amount of Coverage

Even if your policy does provide coverage for the situation, it is possible that the amount of funds available for the repairs may be limited. Some insurance providers will only cover a set percentage of your total homeowner’s policy, such as five percent, so you may or may not have the amount of funds that you need to pay for the damages.

The amount of coverage may vary, so it is important to read your policy and evaluate any figures that are associated with storm damage.

Your driveway is considered part of your yard and it may be protected against frost damage, but the details of your policy can impact your options. Contact us to speak to an agent to learn more about the policies that are available.

What is a classic cl homeowners policy?

When you are looking at homeowners insurance options, you may come across classic CL policies in Lafayette, CO. The problem that you may face is identifying how it differs from other plans and what is covered in the policy. Although there may be some slight differences between policies and insurance providers, there are some key factors that make the policy a classic CL plan.

What It Is

The homeowners insurance policy is a type of coverage plan that addresses a variety of needs, goals and concerns. It is similar to an HO-3 policy, which is a comprehensive plan for a home that goes beyond the basic liability protection.

Even though the policy offers comprehensive coverage, it can protect against perils and problems that are not usually easy to cover. The specific coverage may vary slightly based on the plan you are considering, but most of the policies will address the main concerns that homeowners may face.


As a comprehensive policy, it will protect against common risks and perils associated with homeownership. The coverage provides protection against liability, named perils and the replacement cost of personal belongings.

If you have recently had a policy canceled or non-renewed, then you may discover that the policy is appropriate for your needs. The plan can provide coverage, even if you have been denied or faced a cancelation on a previous policy. It allows you to address your concerns so that you can maintain peace of mind when it comes to common risks.

Owning a home does not always mean that it is easy to obtain insurance for your property. In some cases, you may need to look for additional protection or an alternative plan. Contact us to learn more about classic CL policies and how it may be appropriate for your needs.

Can an auto insurance company cancel a policy after just one claim?

Making a claim on your auto insurance policy is not unusual. You can make a claim whenever you get into an accident or face a situation that is covered by the policy. When your policy is canceled after making a claim, it may seem that the insurance company is refusing to provide coverage because of your actions. Depending on the situation, it may or may not relate to your claim.

Timing and Non-Renewal

There is nothing more worrisome than seeing a cancel policy notice in the mail. You may wonder why your policy is being discontinued. Depending on the timing, it may or may not relate to your claim.

A non-renewal notice is not the same as a cancelation. It means that the company is choosing to discontinue your coverage when the policy is expiring and you will usually receive a notice in the mail roughly 45 to 60 days before the expiration of your current coverage period.

Cancelation can occur at any time, but it is not usually related to your claim.

When Companies Cancel Insurance

If your policy is canceled in the middle of a term, then it usually relates to two main problems: inaccurate information on your application or missed payments.

It may relate to your policy if your insurance company suspects that you have made a fraudulent claim or that you have exaggerated the damage. Some companies may also cancel your policy at the beginning of an insured period and may not have a specific reason.

Canceling a policy after making a single claim is not common, but it can happen in some situations. The reasons for the cancelation can vary and may not relate to your claim. Contact us to speak to an agent for more details.