5 Essential Insurance Tips for Colorado Springs Homeowners in 2025

As a Colorado Springs homeowner, protecting your most valuable asset with the right insurance coverage is crucial. With our unique climate and risks, here are five essential tips every local homeowner should know:

1. Understand Hail Coverage

Colorado Springs experiences frequent hail storms, especially during spring and summer. Make sure your policy includes adequate hail coverage with a deductible you can afford. Consider Replacement Cost Value (RCV) coverage instead of Actual Cash Value (ACV) to avoid paying out-of-pocket for depreciation when replacing your roof.

2. Review Your Coverage Limits Annually

Home values in Colorado Springs have increased significantly. Review your dwelling coverage annually to ensure it keeps pace with rebuilding costs. Underinsurance can leave you financially vulnerable if disaster strikes.

3. Consider Flood Insurance

Standard homeowners policies don't cover flood damage. If you're near Fountain Creek, Monument Creek, or in areas affected by the 2013 floods, flood insurance is essential. Policies require a 30-day waiting period, so don't wait until storms are forecasted.

4. Bundle for Savings

Bundling your home and auto insurance typically saves 5-25% on premiums. As an independent agent, I can compare rates across multiple carriers to find your best bundled discount.

5. Document Your Belongings

Create a home inventory with photos and receipts. This makes filing claims much easier and ensures you receive fair compensation for your personal property.

Need help reviewing your coverage? Contact Main Street Insurance at 719-309-6439 for a free policy review and personalized recommendations for your Colorado Springs home.