Homeowners Insurance Colorado Springs | Main Street Insurance

Colorado Springs Homeowners Insurance - Protect Your Biggest Investment

Your home is likely your largest financial asset. Main Street Insurance - Patrick Murakami Agency helps Colorado Springs homeowners find comprehensive coverage at competitive rates by comparing options from multiple top-rated insurance carriers.

Why Colorado Springs Homes Need Special Protection

Our unique location at the base of Pikes Peak creates specific insurance challenges:

Hail Damage - Colorado Springs ranks among the top hail zones in the nation. Annual hail storms can cause thousands in roof and siding damage.

Wildfire Risk - Proximity to forests and open spaces increases wildfire exposure, especially in areas like Black Forest, Woodmoor, and mountain communities.

Freeze-Thaw Cycles - Winter temperature fluctuations can burst pipes and cause water damage.

High Winds - Mountain winds can exceed 100+ mph, damaging roofs, siding, and outdoor structures.

Standard Homeowners Coverage Includes:

Dwelling Coverage Protects the physical structure of your home against covered perils:

  • Fire and smoke damage

  • Wind and hail damage

  • Lightning strikes

  • Vandalism

  • Theft

  • Weight of ice and snow

Other Structures Covers detached garages, sheds, fences, and other structures on your property

Personal Property Protects your belongings (furniture, clothing, electronics, appliances)

  • Standard policies cover 50-70% of dwelling coverage

  • Scheduled items available for jewelry, art, collectibles

Liability Protection Covers legal expenses if someone is injured on your property:

  • Medical payments for injured guests

  • Legal defense costs

  • Settlements and judgments

  • Typically $100,000-$500,000 in coverage

Loss of Use Pays for temporary housing if your home becomes uninhabitable due to covered damage

Additional Coverage Options:

Water Backup Coverage - Essential for basement homes, covers sewer and drain backups

Equipment Breakdown - Covers failure of home systems (HVAC, electrical, plumbing)

Identity Theft Protection - Reimburses costs of identity theft restoration

Ordinance or Law Coverage - Pays for upgrades required by current building codes during repairs

Scheduled Personal Property - Extra coverage for:

  • Jewelry and watches

  • Fine art and collectibles

  • Musical instruments

  • Camera equipment

  • Firearms

Colorado-Specific Considerations:

Wildfire Coverage Many carriers now require:

  • Defensible space around homes

  • Fire-resistant roofing materials

  • Brush clearing in high-risk areas

We work with carriers who specialize in Colorado wildfire zones.

Hail-Resistant Roofing Discounts Class 4 impact-resistant shingles can save 10-30% on premiums

Roof Age Restrictions Many carriers limit coverage or require inspections for roofs over 15 years old

Home Insurance Discounts:

  • Bundle with auto insurance (typically 15-25% savings)

  • Security system discounts

  • Fire-resistant roofing

  • Gated community

  • New home (less than 10 years old)

  • Claims-free discount

  • Military/veteran discounts

  • Mortgage-free home

  • Water leak detection systems

  • Smart home technology

Coverage for Every Home Type:

  • Single-family homes

  • Condominiums (HO-6 policies)

  • Townhomes

  • Rental properties (landlord insurance)

  • Manufactured homes

  • Historic homes

  • Luxury and high-value homes

  • Vacant homes

What's NOT Covered by Standard Homeowners Insurance?

  • Flood damage (requires separate flood insurance)

  • Earthquake damage (requires separate earthquake coverage)

  • Normal wear and tear

  • Intentional damage

  • Maintenance issues (roof deterioration, foundation settling)

Flood Insurance in Colorado Springs

While flooding isn't as common as hail, Colorado Springs has experienced significant flood events:

  • Fountain Creek flooding

  • Flash floods from mountain runoff

  • Storm drain backups

Flood insurance is available through the National Flood Insurance Program (NFIP) and private carriers. We can help you determine if flood coverage makes sense for your property.

How Much Homeowners Insurance Do You Need?

Your coverage should equal the cost to rebuild your home (replacement cost), NOT your home's market value or mortgage balance.

We calculate proper dwelling coverage by considering:

  • Square footage

  • Construction quality and materials

  • Custom features

  • Local construction costs

  • Building code upgrade requirements

Why Choose Main Street Insurance?

As independent brokers, we compare coverage from multiple carriers to find you the best combination of protection and price:

  • Travelers

  • Safeco

  • Progressive

  • Nationwide

  • The Hartford

  • Chubb (for high-value homes)

  • And many more

Get Your Free Homeowners Insurance Quote

Protecting your home starts with proper coverage. Call 719-309-6439 or visit our office at 5214 N Nevada Ave #100 for a personalized quote.

Serving Colorado Springs Homeowners Throughout:

  • Central Colorado Springs

  • North End / Old North End

  • Briargate

  • Black Forest

  • Woodmoor

  • Powers Corridor

  • Fountain

  • Monument

  • Security-Widefield

  • Fort Carson housing