As a homeowner, you likely want to make investments to improve your property both for you and maybe further down the line when you’re looking to sell. One common improvement Colorado homeowners make is to add structures like fences and sheds to their property. However, did you know that such structures are not always covered under a home insurance policy?
Here are the types of coverage you need to check for to see if such structures are included under your home insurance policy:
Coverage You Need to Insure a Newly-Built Fence, Shed, or Similar Yard Structure
Dwelling Coverage and Structures. Most standard policies have this at the center of their coverage, however, they may only include attached structures, such as a garage that was built with the home. This is the first part of your policy you should review with a knowledgeable agent like ours at Integrity First Insurance to ensure it also includes either automatic coverage for detached structures or limited coverage.
Coverage Enhancements. If your standard home insurance policy doesn’t include detached structures, consider enhancing your coverage via an endorsement or rider. This will add a few dollars to your premium but can go a long way to giving you the assurance that your whole property is protected.
Umbrella Insurance. A third option to ensure your detached structures are insured is to purchase umbrella insurance, which is a type of insurance that is incredibly flexible and will offer a payout in the event of an existing policy (the home insurance in this case) doesn’t fully cover an accident.
Learn More About Your Insurance Options With Integrity First Insurance
Whatever your Colorado insurance goals, our team at Integrity First Insurance is here to help. Contact us today and let our team go over your options and get you the best policy coverage for your household needs.
You’ve heard all about the record dry weather across the country, and you’ve probably heard about the increased threat of wildfires, too. But, have you considered the fire risk of your own landscaping?
While there’s no such thing as a “fire-proof” plant, you can make your property safer while still maintaining its appeal. Here’s how:
Within 30 feet of your home, less is more. In the event of a fire, firefighters need room to work, so space plants widely, and choose low-growing ones. Keep your grass mowed low, and don’t use mulches that burn easily, such as pine bark.
Be choosey about your plants. According to the California Department of Fire and Forestry Protection, plants that contain a lot of moisture and aren’t resinous are good choices for a fire-wise landscape. As a bonus, many of these will also be drought-resistant. Although the options in your area may vary, here are some general recommendations:
Plants: Rockrose, aloe and iceplant
Shrubs: Sumac, cotoneaster, currant, hedging roses and bush honeysuckles
Trees: Hardwoods, such as maple, poplar and cherry
Not everything has to be natural. Gravel and rock features, such as stone pathways, can help slow fires. And, colorful garden art and containers can help you add visual appeal.
Plant at the right time. This varies depending on your region, but typically you want to avoid extreme temperatures on either end of the thermometer. Your local county extension service or nursery can help with options that work well in your area.
Remember, how and where you plant is more important than what you plant. So, try to imagine a fire on your property (we know it’s a rather unpleasant thought). Is there natural fuel that would make it worse? Could it easily spread from the ground to your trees to your roof?
If you’re unsure or if the answers indicate your property has a high fire risk, consider making some changes. Of course, we’re here to keep your homeowners insurance up to date in case anything were to happen. Please call us any time to check on your coverage. We’re here for you.
You keep your car filled up with gas so you don’t get stranded on the side of the road. And, your phone charged so your loved ones can reach you. But, what kind of safety measures do you have in place for more extreme scenarios?
What if you lost everything you owned in a fire at your house or your apartment? What if your car were stolen? These situations are scary, but your insurance can help you through them, and much more, so long as you have the right coverage in place.
So, what’s right for you? Whether you’re starting out on your own or starting a family, these tips can help you begin to understand the level of insurance you may need.
Consider What You Own – And What It’s All Worth Could you imagine having to replace all of your personal belongings at once? What about having to do so from memory and on your own dime? It would be both a difficult and a costly task. So, make an inventory of your belongings and their value to minimize the former – the free Safeco Home Inventory appcan help. And, be sure you have enough insurance coverage, whether you rent or own a home, to minimize the latter. It’s known as “personal property coverage,” and you want enough of it to replace all of your belongings if it were to come to that.
Take Your Lifestyle Into Account Drive an expensive car? Repairs are likely costly, so be sure to carry comprehensive and collision coverage. Consider any customizations in the car and whether you want original manufactured parts in repairs are needed or if you’re okay with aftermarket. We’re happy to go over your auto coverage options to ensure you have the kind of protection you expect.
Own a home with a lot of custom features? Be sure your homeowners policy takes them into account. The amount of insurance you have on your home should directly reflect the unique features of your home. Your agent should complete a detailed Replacement Cost Estimator to determine the insurance limits needed.
The way you live can help you save, too. For example, if you take public transportation to and from work even though you own a car, you may pay less for your insurance.
Talk to Your Independent Agent for Ease, Choice and Advice As an independent agency, Integrity First Insurance offers a choice of carriers and options, plus personalized advice to help make sense of it all. And, we make it easy by doing the research and the work for you.
Think home security is still about bulky camera equipment and wires running all throughout your home? Think again.
Today, things have changed quite a bit, and the playing field has been leveled. Advanced tools and security systems are more accessible and affordable than ever. (And installing them might get you a discount on your homeowners insurance, too.)
Full-service systems are still a popular option with many people. Companies offer central monitoring, video surveillance, smoke/carbon monoxide detection and more. Some even include home automation tools so you can control appliances from anywhere, and many will send text-message alerts in response to specific occurrences, such as when the kids enter the house after school.
Do-it-yourselfers who don’t want an all-in-one system have many choices as well. Here are three of the newest and most popular security tools:
1. Smart (and small) cameras
Cameras today can be tucked anywhere and don’t require wires. With a good battery and wi-fi connection, you can see what’s happening outside — or inside — with a glance at your phone or computer.
2. Key-free doors
Say you have a friend stopping by to check on your dog while you’re gone for the day. You don’t have to risk leaving a key outside. With a code-based entry system, you can simply provide your friend with temporary access that turns on and off when you want. Most key-free doors can also be programmed to automatically lock after a certain period of time, like 30 or 60 seconds. That can eliminate the worry about whether or not you locked the door behind you.
3. Home automation products
It’s easier than you think to give yourself remote access to the lights and appliances in your home. At least one available product can be used with your existing power outlets; simply plug it in and control the power to that outlet from an app on your smartphone. Don’t ever worry about forgetting to leave a light on again.
Of course, even “old-school” tools, such as motion-activated outdoor lights, can still have a big impact on security. So whether you choose high-tech tools or stick to the basics, you’ll be making your home a less attractive target for burglars. Many insurance companies also offer a discount for having a security system in your home. If you have a burglar or fire alarm system, be sure to talk to your agent about available discounts.
It’s hard to think of a worse start to a winter day than turning on the faucet and … nothing. Maybe there’s a trickle of water, but it’s clear you have a frozen pipe. So, what now? Here are some smart tips to help you prevent or address what could easily become a very messy and expensive situation:
See to your outdoor water lines: Before cold weather arrives, drain water sprinkler and swimming pool supply lines, and remove, drain and store outdoor hoses. If possible, close inside valves supplying outdoor hose bibs, and open the outside hose bibs for draining. Keep them open so any remaining water can expand without breaking the pipe. If you can’t shut off the water from the inside, pick up some foam faucet covers.
Keep your home warm: Maintain an interior temperature of at least 55 degrees Fahrenheit, even when you’re sleeping or not at home. Seal any drafts and leave interior doors open to help keep an even temperature from room to room. Your policy may not cover freezing of plumbing or heating systems or any appliances if the heat hasn’t been maintained in the home.
Tend to those pipes: Leave the cabinet doors open in the kitchen and bathroom so your pipes aren’t shut off from the warm air. You can also insulate your pipes with sleeves, heat tape or heat cable. Insulation is especially important in unheated areas, such as your attic, basement, garage or crawl space, and for pipes running along exterior walls. During severe cold spells, you may want to leave all faucets, both hot and cold, running at a slight trickle.
Call in a professional: Frozen water in your pipes can cause them to burst, meaning you’ll have a mess on your hands once that water unthaws. So, act quickly to shut off your main water supply, and call in a licensed plumber to see to the situation. When selecting a plumber or contractor, it’s important to find a company or individual that is local, licensed and insured. If possible, try to avoid signing a contract prior to filing a claim and speaking with your adjuster.
If you do have to call in a professional or spend any money on mitigating water damage, be sure to keep all receipts and notify your agent as soon as possible. Don’t agree to have any repairs started, other than cleaning up the sitting water, without talking to your agent.
Claims adjusters often need to inspect the damage before moving forward with a claim, so they need to be informed before the repairs begin. If there is an urgent need to begin repairs, try to take adequate photos or videos of the damage before any cleanup so you can provide evidence of the damage.
Finally, be sure to touch base with us at Integrity First Insurance to check whether you’re covered for the damage a frozen pipe may cause. We’re happy to answer all of your policy questions this winter, and beyond.
Many businesses carry insurance to protect them from cyber risks, but most people don’t know that you can also get Personal Cyber Protection. Several insurance companies now offer a Cyber Endorsement on their homeowners policies. If your home policy doesn’t offer that coverage, there are separate policies you can purchase to cover your cyber risks.
How Common are Cyber Attacks?
In 2021 alone, there were 847,376 complaints of cyber attacks reported to the International Crime Complaint Center. With those complaints, the potential losses exceeded $6.9 Billion.
According to Forbes, there are more than 4,000 ransomware attacks every day in the United States. That’s a 300% increase in ransomware attacks since 2015.
With the number of smart devices in most homes, nearly everyone has some amount of cyber risk and could benefit from coverage for cyber losses. If you fall into any of the categories below, cyber insurance might be useful for you and your family.
Anyone with:
Home security cameras
Smart appliances
Amazon Alexa or other smart devices
Smart phones
Gaming systems
People who use:
Online banking
Venmo or PayPayl
Social Media (or children with social media)
Online shopping
Apps that link with bank account or credit card information
The more smart devices you have, the greater the chance you have of getting targeted by a cyber criminal. You could lose privacy, money, a sense of security, your reputation and more. Cyber coverage can’t prevent a cyber crime from happening, but it can help make you whole again if you’ve been targeted.
What Does Cyber Insurance Cover?
Each insurance company may offer different variations of coverage for cyber risks, though most will offer some combination of the following.
Identity Recovery
If your identity is stolen, Identity Recovery coverage help to cover the costs associated, including legal fees, notary fees, credit bureau reports, and possibly a case manager to help guide you through the recovery process.
Cyber Extortion
Cyber Extortion is the demand for money or something else based on a credible threat to damage, disable or deny access to a device, system or data. One example is a hacker locking someone out of their computer and only returning access if they pay a ransom.
With coverage for Cyber Extortion, you’ll be provided professional assistance from an expert in the matter who will help you respond to a threat. In certain cases, your policy may also pay the ransom for the extortion threat.
Cyber Attack
A Cyber Attack is a malware attack against or unauthorized use of a computer or other connected home device.
Cyber Attack coverage can help pay for the cost of a professional firm to replace lost or corrupted data and restore the device to its original state.
Data Breach
If there is a breach where personally identifying or sensitive information is lost, stolen or released, Data Breach coverage can help resolve the situation. Coverage includes a forensic IT review to determine the extent of the breach, legal counsel to develop a response, and can help pay the cost to notify affected individuals.
Fraud
Fraud includes unauthorized use of a card, card number, account number or forgery of a check. Fraud coverage helps reimburse the insured for the resulting financial loss.
Cyberbullying
Cyberbullying is the use of electronic communication to bully a person by sending, posting or sharing negative, harmful, false or mean content.
There are a select few companies that include coverage for Cyberbullying in their Cyber protection. If Cyberbullying coverage is provided, it can cover mental health counseling, temporary relocation expenses, private tutoring and enrollment expenses if a student needs to relocate to an alternative school.
If you’d like to discuss your cyber insurance options, give us a call. We’re happy to walk you through the coverage and help you find the right fit for your family.
2021 Internet Crime Report. Internet Crime Complaint Center. (n.d.). Retrieved September 7, 2022, from https://www.ic3.gov/Media/PDF/AnnualReport/2021_IC3Report.pdf
Metz, J. (2022, June 7). Do you need personal cyber insurance for cyberattacks? Forbes. Retrieved September 7, 2022, from https://www.forbes.com/advisor/homeowners-insurance/personal-cyber-insurance/
Don’t overlook your roof! This important structure affects more than curb appeal. It’s responsible for protecting many structures and systems.
The parts of a home that get the most attention tend to be visual, and more or less at eye level: paint color, landscaping, porches, and decks. The roof is the one part of the home that doesn’t tend to get a lot of notice unless the gutters overflow or an enthusiastically tossed toy goes a little too high.
This important structure affects a lot more than your house’s curb appeal – it’s responsible for protecting interior structures from water, ensuring your HVAC system operates efficiently, safeguarding your loved ones in dangerous weather, and, in some cases, making your attic safe storage space.
Roof Age and Replacement Tips
How long does a roof last? Sales pitches for roofing companies can come fast and furious, inviting doubt to creep in over the integrity of the shingles overhead.
Here’s a short intro guide on the various types of roof materials, and when you may want to consider repair, replacement, or maintenance:
Asphalt Shingles
Typically black with a gravel-like surface texture, asphalt shingles are the most common type of domestic home roof material in America. With proper care and upkeep, this type of roof will offer between 15 to 30 years of viable service before you’ll need to replace them entirely. Because of the nature of its overlapping construction, it’s also relatively easy to swap out or replace broken or damaged shingles.
Composition Shingles
Made from a wider variety of materials in a multilayer design that can include fiberglass, composition shingles have a slightly shorter lifespan, between 12 and 20 years before replacement is necessary. Like asphalt shingles, they may become damaged or lost periodically due to weather and exposure but can be replaced as needed.
Wooden Shingles
This type of roofing – as the name suggests – is made out of wood, often cedar for passive pest control, but also woods like cypress, pine, or redwood. This natural material is hardy and offers between 20 and 25 years of use before you will need to replace your wooden roof. While rot and pest-resistant woods and coatings are used, this type of roof material can be vulnerable to problems like moisture, mosses, mildew, and insects.
Metal Roofs
Metal roofs are durable and industrial, offering between 50 and 75 years of dedicated protection, on average. Because of their overlapping design and potential corrosion, these types of roof coverings are susceptible to leaks, so care must be taken to maintain and assess them regularly, usually bi-annually unless specific issues crop up. If they become dented or warped (think storm-fallen limbs), they can be expensive to repair or replace.
Rubber Roofs
A rarity in domestic neighborhoods and typically the domain of industrial buildings, rubber roofs last between 30 and 50 years before a full replacement is called for. Over time, particularly in hot, sunny, or damp climates, this roofing material may shrink and pull back at its seams, causing issues with peeling and leaks from moisture buildup and pooling.
Do I Need to Replace My Roof?
If you know when your roof was installed and the material falls within the normal lifespan, likely not unless you’re experiencing specific issues. That being said, if you are nearing the end of that lifespan or an in-place warranty is due to expire, it’s a smart move to schedule a full roof assessment.
In addition to regular visual inspections as you walk around your house or in your attic, it’s best to have a roofing company inspect, repair, and maintain your roof at least every other year. If your home is in an area with extreme weather or a great deal of direct sunlight and high temperatures, an annual checkup is an even better idea.
According to Colorado Parks & Wildlife, an E-bike has 2 or 3 wheels, fully operable pedals, and an electric motor that doesn’t exceed 750 watts of power.
There are 3 classes of E-bikes:
Important Colorado E-bike laws:
Electronic bicycles are not required to be registered
There are no license requirements for E-bikes
Generally speaking, Class 1 and 2 E-bikes are allowed to operate on the same paths as conventional bikes, thought local jurisdictions can prohibit operation on specific paths
Class 3 E-bikes are only allowed on streets and bike lanes, unless specifically permitted by local jurisdictions
There are different rules pertaining to State Park or Wildlife Areas
E-bikes must ride in the right-hand lane when traveling a less than the normal speed of traffic on a roadway
Riders must signal intent to turn or stop and yield the right of way to pedestrians
One hand must be kept on the handlebars at all times
Class 3 E-bikes have the following age and helmet restrictions:
Operators must be 16 or older (passengers can be under 16)
Operators and passengers under 18 must wear a helmet
Does an E-bike have to be insured?
The short answer is no. There aren’t any legal requirements to insure an E-bike. That being said, if you have a loan on an E-bike, your lender will likely require you to carry insurance on it.
Even though you’re not required to have insurance on an E-bike, it’s important to at least have liability coverage. You can go faster on an E-bike than you might otherwise travel on a conventional bike, which makes the risk of crashing a little higher. If you hit a person, fence, house, mailbox, or something else, you could be responsible for the damages. Liability insurance will help you pay for those damages if a situation like that arises.
If you’ve paid a pretty penny for your E-bike, it probably makes sense to get adequate insurance for it. That way if it gets stolen, damaged in a fire, you’re in an accident, or something else happens, you’re not left empty handed.
How to insure an E-bike:
Many homeowners policies will afford some amount of coverage for an E-bike. Some policies may only extend liability, whereas others have a special limit of physical damage coverage included and some may not extend any coverage at all. Each insurance carrier has their own guidelines, so be sure to check what coverage you have on your policy.
Keep in mind that most home policies have a deductible of $1,000 or higher, so if you’re counting on your home policy to cover any damages to your bike you’ll need to cover your deductible before your policy pays out. Depending on the value of your E-bike and your home insurance deductible, it might not make sense to insure it on your home policy.
Many E-bikes cost several thousand dollars, so a total loss might exceed your deductible. But if a $1,200 E-bike was stolen, that’s not a claim I’d recommend filing on a home policy. You’d only get $200 from that claim example, which isn’t worth having a claim against your home insurance since it would likely cause your premium to increase for up to 5 years.
If you don’t have a home policy or if your policy doesn’t provide the coverage you’re looking for, you can generally insure and E-bike on a motorcycle policy. One benefit of that is that you can choose a lower deductible, like $500 or even lower.
Another plus is that you can file a claim without it impacting your home insurance. A claim for a stolen E-bike wouldn’t cause your motorcycle premium to increase like it would if you filed a claim on your home policy.
Insuring an E-bike on a motorcycle policy would also give you the option of Medical Payments and Uninsured Motorist coverage, both of which can be extremely valuable. Medical Payments coverage can help pay for your injuries, regardless of whether you’re at fault for a loss. The limit is usually $5,000 per person, but limits can vary.
Uninsured Motorist coverage will help cover your costs if you’re not at-fault for in an accident and the other person doesn’t have enough coverage. You can get Uninsured Motorist coverage up to the bodily injury liability limits on your motorcycle policy.
Colorado Parks & Wildlife. Colorado Parks and Wildlife. (n.d.). Retrieved June 27, 2022, from https://cpw.state.co.us/thingstodo/Pages/E-Bike-Rules.aspx
Electric Bicycles. Electric Bicycles | Colorado General Assembly. (n.d.). Retrieved June 27, 2022, from https://leg.colorado.gov/content/electric-bicycles
The claims process can be difficult to navigate, especially when the insurance company is throwing around terms you’ve never heard.
Here’s a breakdown of some of the common terms relating to insurance claims:
Adjuster
An adjuster is the trained claim representative assigned to help you if you file a claim. They’ll examine the damage to your covered property and review your policy to determine what coverage you have. The adjuster is also responsible for issuing payment for your claim.
Actual Cash Value (ACV)
Actual Cash Value (ACV) coverage takes depreciation into account at the time of the loss. If you have ACV coverage, your policy won’t pay to replace what is damaged. Instead they will pay the depreciated value, which subtracts for age and condition. ACV is calculated by subtracting depreciation from the replacement cost.
Depreciation
Many items lose value over time due to age, wear and tear and the manufacturing of newer and better products. That reduction in value is known as the depreciation. Cars are notorious for depreciating as soon as they are driven off the lot, but many household items also depreciate.
Replacement Cost
The cost to actually replace a lost or damaged item, regardless of age and condition at the time of loss. For example, if you bought a TV 10 years ago for $300 but it costs $700 to buy a comparable TV today, Replacement Cost coverage would pay the full $700 to replace the TV if you had a covered loss.
Deductible
Your deductible is the amount you have to pay before your insurance company will payout for a claim. The insurance company will generally subtract the deductible from the total payout.
If you have a $1,000 deductible and had a claim for $4,000, the insurance company would issue payment for $3,000 and you’d be responsible for the other $1,000.
Policy Limits
The dollar limits for each coverage on your specific policy. The policy limits are the maximum amount your policy will pay out under each coverage for a loss. Many policies also have “sublimits” for certain classes of property, like jewelry, coins, or other valuables.
Subrogation
If someone else is responsible for causing damage to your property, your policy may pay for the damage and then seek reimbursement from the responsible party. If the insurance company has received reimbursement, you may get some or all of your deductible back.
When there’s a catastrophe, like a fire or hail storm, the likelihood of contractor fraud increases immensely. Here are some tips for picking a reputable contractor and avoiding fraud.
1. Only work with contractors that are licensed
Colorado doesn’t require contractors to be licensed on the state level, so don’t assume that every contractor you encounter has a license. Many counties and cities have specific requirements, but not all local governments require contractors to be licensed.
Licensed contractors are required to have a certain amount of experience and pass an exam. That helps ensure they are qualified in their field.
If your contractor isn’t insured, you could be responsible for any injuries that occur while they’re working on your property. Request a Certificate of Insurance from any contractors you’re considering to verify their coverage.
3. Work with local contractors when you can
Local contractors have a better idea of the rules and regulations in your area. Not only does that help ensure work is done to code, but it also speeds up the process. If you hire a contractor from another state, there’s a chance you could be waiting longer for them to get permits pulled and inspections done.
A contractor that is local is also less likely to take payment and leave town without completing the work. If you have any issues with the work done, you can often get a local contractor to come back and fix it whereas someone from out of town might leave you high and dry.
4. Check references and reviews
If multiple people have complaints about their experience with a specific contractor, there’s a good chance you’ll also have issues with them. But if you find glowing reviews online and get good references for them, you’ll likely have a better experience.
5. Don’t get pressured into making a hasty decision
You don’t have to sign a contract immediately. Take your time, gets bids from multiple contractors, and make sure you understand the contract before you sign it. If you’re being pressured to sign something on the spot, that might not be a contractor you want to work with.
6. Get everything in writing
According to Travelers, the contract should include:
A detailed description of the work to be completed and the price of each item.
A payment schedule – for example: one-half down and one-third when work is partially completed, and the balance due upon completion of repairs.
The estimated start date and completion date on larger projects.
Any applicable guarantees, which should be written into the contract and clearly state what is guaranteed, who is responsible for the guarantee, and how long the guarantee is valid.
Signatures from both parties. You should never sign a contract containing blank sections.
7. Don’t pay in full for incomplete work up-front
Paying up-front increases the risk of a fraudulent contractor taking your money without completing the work. It also opens the door to poor workmanship and cutting corners because they don’t have to meet certain expectations in order to get paid.
When paying a contractor, pay by check rather than cash. Make the check out to the company rather than an individual.
8. Keep all records together in a safe place
Any paperwork you receive regarding the job should be kept together. Then if you need to reference anything you can find it. It also helps your case if there are any disputes.
This can include anything from the contract, any changes to the contract, estimates, invoices, certificates of insurance, correspondence, etc.
9. If you’re filing a home claim, file it and talk to your adjuster before starting on any work
If you’re repairing your home because of a loss that might be covered by insurance, make sure you file a claim before starting any work.
The insurance company needs to verify coverage before they can approve a claim. If you begin the repairs before an adjuster reviews the damage, your claim could be declined.
10. Report any suspected fraud
You can call local law enforcement, the National Insurance Crime Bureau 1-800-TEL-NICB, or FEMA disaster fraud hotline 1-866-720-5721 to report any suspected fraud.
Hiring a contractor checklist and tips. Travelers Insurance. (n.d.). Retrieved April 28, 2022, from https://www.travelers.com/resources/home/renovation/checklist-for-hiring-the-right-contractor
Colorado general contractor license and Insurance Requirements. Next Insurance. (2021, December 15). Retrieved April 28, 2022, from https://www.nextinsurance.com/blog/colorado-general-contractor-license-and-insurance-requirements/
