By David Parks · eXp Realty · The Apollo Group · 2 min read
Homeowners insurance covers your home, belongings, and liability. Lenders require it, and Colorado buyers should ask about hail deductibles, replacement cost, and flood or other add-ons.
| Key point | What it means |
|---|---|
| Dwelling | The structure itself. |
| Other structures | Fences, sheds, detached garages. |
| Personal property | Your belongings. |
| Loss of use | Costs if you cannot live in the home. |
| Liability | Protection if someone is injured on your property. |
Standard policies often exclude flood and earthquake. Sewer backup may need an add-on. Ask what is excluded, and consider extra coverage if needed.
Get several quotes, and compare coverage, deductibles, and the insurer’s reputation. Ask about discounts for newer roofs, alarms, or bundling.
Request quotes early in the process, since insurers may ask about roof age, wiring, and plumbing, and may decline some properties.
Review your policy yearly, update coverage after upgrades, and keep a home inventory with photos.
This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.
David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.
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