Commercial property crime is a significant concern for business owners across Colorado. Recent statistics show that crime rates can vary widely between urban and suburban areas, influencing the risks businesses face and the insurance coverage they need. For business owners, staying informed and taking proactive steps can be crucial to
In recent years, property crime and theft rates have become a growing concern in Colorado. As of 2024, the state’s property crime rate is about 30% higher than the national average, with incidents of theft being a significant factor. Cities like Denver, Aurora, and Colorado Springs consistently see higher numbers
Recently, a California couple’s home insurance was canceled after satellite images allegedly revealed roof damage, which the homeowners said was simply their solar panels. This situation highlights a growing trend of insurers using technology like satellite imagery and drones to assess risks. To read the full story, visit Moneywise. While
Though Colorado may be far from hurricane-prone regions, major storms like Hurricanes Milton and Helene can still impact homeowners insurance rates across the country. When hurricanes hit, insurance companies face enormous financial burdens due to the sheer number of claims for wind, flood, and property damage. To keep themselves in
Owning horses in Colorado is quite common, especially in rural and suburban areas where ranches and equestrian properties provide ample space for horse care and riding. The state’s expansive landscapes, including open plains, mountain trails, and scenic parks, make it an attractive place for horseback riding and equestrian activities like
Commercial property insurance is vital for restaurants in Colorado due to the state’s unique environmental and operational risks. This insurance provides essential protection against potential damages to the building, equipment, inventory, and other physical assets caused by events like fires, severe weather, or vandalism. Given Colorado’s unpredictable weather, including heavy
Commercial auto insurance is crucial for restaurants in Colorado, especially those that offer delivery services or rely on vehicles for catering and supply runs. This coverage protects your business from the financial impact of accidents, property damage, or injuries involving company-owned vehicles. In a state like Colorado, where weather conditions
When it comes to auto insurance rates in Castle Rock, Colorado, several factors come into play. One major contributor to the cost of auto insurance is the driving record of the insured individual. Incidents such as accidents and DUI convictions are seen as high-risk factors by insurance companies, resulting in
In 2024, the cost of homeowners insurance in Colorado has seen significant changes, largely driven by the impact of inflation. As living expenses and construction costs rise, insurance premiums have followed suit, putting additional financial strain on homeowners. According to the Denver Post, Colorado homeowners insurance premiums have risen by
Esurance is no longer writing home insurance policies in Colorado and existing policies will not be renewed. Several Colorado homeowners were notified that Esurance discontinued writing new homeowners insurance policies after March 2024 and their current policies would not be renewed. This move, influenced by its acquisition by Allstate in
