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7700 E Arapahoe Rd., Ste. 330
Centennial, CO 80112

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Featured Insurance Blog

The Importance of an Annual Home Insurance Review for Colorado Homeowners

Being a homeowner in Colorado comes with its own set of challenges and rewards. One of the most important yet often overlooked aspects of homeownership is ensuring your home insurance policy stays updated. At Avalue Insurance, we believe a regular home insurance review is a must. Here’s why.

Property Value Changes

Over time, your home in Colorado may appreciate due to fluctuating market conditions or home improvements. An annual review of your home insurance policy ensures that your coverage accounts for these changes, offering sufficient protection to rebuild your home in case of total loss.

Significant Purchases and Sales

Throughout the year, you may acquire or dispose of personal items. These include new electronics, high-value jewelry, or fine art. These changes in your possessions should be reflected in your home insurance policy to ensure they’re adequately covered.

Discount Opportunities

You could lower your insurance premiums by making certain home improvements like installing a new roof or a security system. An annual review ensures you are receiving all available discounts.

Changes in Your Living Situation

Significant changes in your life—from getting married to welcoming a new baby, or downsizing your home—all necessitate a review of your home insurance policy. This exercise ensures your coverage still aligns with your current circumstances.

Annual reviews of your home insurance policy with Avalue Insurance can ensure you’re not underinsured, overpaying, or missing out on potential discounts. Reach out to us to schedule a comprehensive policy review. At Avalue Insurance, we are dedicated to providing the support you need, making us a trusted home insurance provider in Colorado.

Clearing Up Some Common Insurance Myths

Fact or Fiction?

Let’s face it. Insurance can be a little confusing sometimes. With so many different types of policies, coverage options, and terms floating around, it’s easy to see why some common myths have cropped up over the years. But how much of what you hear is actually true? It’s time to clear things up with a fun game of Fact or Fiction!

Ready to test your insurance knowledge?

1). Red cars cost more to insure.

Fiction!


This is one of the oldest myths out there. The color of your car has absolutely nothing to do with your insurance rate. Insurance companies look at factors like the make, model, age, and safety features of your car, not its color. So go ahead — buy that red car without fear of higher premiums!

2). My home insurance covers flooding.

Fiction!


Standard homeowners insurance doesn’t typically cover flood damage. For that, you’d need a separate flood insurance policy. If you live in an area prone to flooding, it’s a good idea to consider adding this extra coverage for peace of mind.

3). Life insurance is only for older people.

Fiction!


Life insurance isn’t just for retirees or older individuals. In fact, getting life insurance while you’re young and healthy can save you money in the long run. Premiums are generally lower when you’re younger, so it’s a smart move to lock in a good rate early on.

4). Your home insurance covers everything inside your home.

Fiction!

Many people think their home insurance policy covers every single item under their roof, but it’s not quite that simple. Most standard policies have limits on valuable items like jewelry, art, and electronics. If you’ve got high-ticket items, you might need to add extra coverage (often called a rider) to ensure those valuables are protected.

 

5). The minimum state-required auto insurance is all you need.

Fiction!

Sure, carrying the state minimum insurance will keep you legal, but it might not be enough to protect you in an accident. If you’re at fault in a serious collision, the minimum coverage might not cover all the damage, leaving you responsible for the rest. It’s always a good idea to talk to your agent and find out if you should consider more comprehensive coverage.

6). If someone borrows my car and gets in an accident, their insurance covers it.

Fiction!

In most cases, insurance follows the car, not the driver. If someone else is driving your car and gets into an accident, your insurance is usually the one that will handle the claim. So, be careful who you lend your car to!

 

7). Your insurance covers a UFO crash.

Fact! (Kind of)

Okay, we know this sounds out there, but technically, if an unidentified flying object (UFO) crashes into your home, your standard homeowners insurance could cover the damages. Most policies cover “falling objects,” which can include anything from a satellite to, well, a UFO. So, if ET decides to land on your roof, you might actually be covered!

Don’t Let Myths Get in the Way of Your Coverage!

Whether you need help understanding what your current policies cover or want to explore new options, Avalue Insurance is here to guide you through it all. Contact us today for all your insurance needs, and we’ll make sure you’re fully covered — no matter what life (or UFOs) throw your way!

Give us a call today at 303-773-3332, or request a call-back right here online!

We Successfully Doubled Our Last Donation

We Did It!

Wow, I can’t believe it! Thanks to you, we did it! I’m so excited to share that we have successfully doubled our donation to CrossPurpose! What started as a goal to raise $5,000 has turned into an incredible $10,000 donation, and it’s all because of your support.

If you’ve been following our journey, then you know that all of us here at Avalue Insurance are huge supporters of CrossPurpose, a nonprofit dedicated to helping individuals and families break free from poverty. Last time, we celebrated raising $5,000, which was a huge milestone for us. But now our humble goal has turned into a whopping $10,000 donation from Safeco/Liberty Mutual. I’m still wrapping my head around it — what an incredible impact this will have on CrossPurpose and the people they serve!

How We Got Here

Avalue Insurance recently had the opportunity to raise funds for CrossPurpose as part of the Safeco/Liberty Mutual Make More Happen Award. The community votes were key to determining whether or not our $5,000 would be doubled. We put the word out and crossed our fingers, hoping our community would show up and make it happen. And, boy, did you ever!

Thanks to you — our clients, friends, and supporters — we were able to rally well over 500 votes, securing that additional $5,000. Your votes, your time, and your support helped us exceed our goal in such a big way. This is one of those moments that reminds me just how powerful community can be when we come together for a cause that matters!

What This Means for CrossPurpose

CrossPurpose has been making an incredible impact on our community by helping individuals build sustainable, self-sufficient lives. Their work transforms the lives of so many people, offering them tools, resources, and support to break free from poverty. To date, over 1,125 people have graduated from CrossPurpose since the inception with an average wage of $23/hr!  

This $10,000 donation will go directly to CrossPurpose’s career and community development programs. The funds will be used to cover the tuition costs for participants to receive valuable certifications and training, opening doors to new careers and brighter futures. The impact of this donation will be felt for years to come, and I’m so proud of what we have accomplished together!

Thank You for Your Support

I can’t thank you enough for your role in helping us achieve this milestone. Whether you voted, shared the campaign, or encouraged others to get involved, this wouldn’t have been possible without you.

This isn’t just a win for Avalue Insurance; it’s a win for all of us. Your support not only helped double our donation but also inspired us to continue looking for ways we can make a bigger impact. We’re always on the lookout for opportunities to support local nonprofits and give back to the people who make our Colorado community so special.

What’s Next?

While we’re celebrating this amazing achievement, we’re already thinking about the future and the next opportunity to give back. CrossPurpose will always be near and dear to our hearts, and we’ll continue to support their mission as much as we can.

Once again, thank you for your unwavering support. Together, we’ve made a lasting difference for CrossPurpose and our community. Here’s to many more opportunities to come together and create positive change!

Partner Carriers

  • Allstate
  • Assurant Flood
  • Auto Owners
  • Bristol West
  • Builders Risk/US Assure
  • Chubb
  • Markel
  • CNA
  • Foremost
  • Hull & Company
  • Liberty Mutual
  • Nationwide
  • Philadelphia
  • Pinnacol
  • Progressive
  • Safeco
  • The Hartford
  • Travelers