Lying just five miles outside Denver, it’s hard to imagine Wheat Ridge, CO use to be a popular area for Gold Rush travelers to stop and rest. Today, it is primarily a residential city where families love to spend lots of time outdoors. If you live in Wheat Ridge, CO and are about to buy a new home, here are three reasons to get home insurance, even if you don’t have a bank loan.

1.  You Have To

If you have a mortgage, you have to have home insurance. The bank wants to protect the asset it is making money from and will require you to purchase home insurance prior to closing on your new house. But don’t worry, home insurance isn’t as expensive as you might think.  

2.  It Protects Your Home

If something were to happen to your home, such as a devastating fire, an out-of-nowhere tornado, or some other disaster that befalls your property and you didn’t have insurance, the truth is you could find yourself homeless and/or financially devastated.  Considering that home insurance is a yearly fee that you can afford, isn’t it worth protecting the roof over your head and having peace of mind?

3.  Provides Temporary Housing – Just in Case

If your home is destroyed, temporarily unlivable due to a disaster, or every single piece of furniture is stolen while you’re away on vacation, home insurance will typically set you up with a temporary place to live and hook you up with living expenses during this trying time. Staying in a hotel, helping with food, laundry expenses, storage expenses, and internet expenses are something most insurance companies will help cover.  

To learn more about the benefits of having home owner’s insurance, contact CO Insurance Specialist. We have all the answers to your questions and we understand that many new home owners have lots of questions. To speak with a friendly agent at CO Insurance Specialist call us today at 720-638-0850.