Better Homeowners
Selling Colorado and the Colorado Lifestyle

Home Insurance: Protect Your Investment - 9/10/2025

If you're buying a home—or already own one—home insurance might not be the most exciting part of the process. But it is one of the most important.

In many cases, home insurance is required to secure a mortgage, but even if it weren't, having the right coverage in place protects one of your biggest financial investments. It's not just about meeting lender requirements—it's about safeguarding your future.

Protection Against the Unexpected

Home insurance helps you recover financially if disaster strikes. Whether it's a fire, storm, or burglary, insurance can help you repair, rebuild, or replace your home and belongings. Some policies even provide protection if someone gets hurt on your property or if you're faced with a liability lawsuit.

Support During Displacement

If your home becomes temporarily unlivable due to a covered event, insurance can help with additional living expenses, like hotel stays and meals, while repairs are being made. That means one less thing to worry about during a stressful time.

Choosing the Right Coverage

Homeowners can choose policies based on how much coverage they want:

  • Actual Cash Value: Pays what your property is worth now, factoring in depreciation.
  • Replacement Cost: Covers the cost to replace items with new ones of similar kind and quality.
  • Extended or Guaranteed Replacement: Offers a buffer or full coverage to restore your home completely, even if costs exceed the original policy limit.

Knowing your options helps ensure you're covered the way you want to be—not underinsured when it matters most.

A Resource Worth Reading

For a helpful guide, check out the Homebuyers Insurance Handbook, created by the Insurance Information Institute and the National Association of REALTORS®. It walks you through what to look for in a policy and how to determine the right amount of coverage for your situation.

What Does Homeowner's Insurance Typically Cover?

  • The structure of your home
  • Personal belongings
  • Landscaping or property features
  • Medical payments for guests
  • Liability protection
  • Temporary housing expenses

Whether you're closing on your first home or reassessing your current policy, home insurance offers peace of mind, so you're prepared for life's "what ifs." It's not just about protection; it's about confidence in your investment.

Kathleen Harken CRS, GRI, SFR, AHWD Keller Williams Realty DTC Englewood, CO (303) 909-5990 My introduction to the world of real estate came at an early age, working alongside my father in the industry. This early exposure instilled in me a deep appreciation for the intricate dynamics of the field. After brief detours into investment banking, mortgage lending, and marketing, I found my true calling in real estate in 1995. My diverse background equips me with a unique perspective that I use in crafting informed and strategic solutions for my clients. With each client I serve, my primary goal is to cultivate a tailored and educational experience. I understand that every individual approaches the real estate process with distinct aspirations and requirements. My dedication to client education stands as a cornerstone of my practice. I firmly believe that an informed client is an empowered one. I take the time to elucidate the intricate details of the buying and selling process, ensuring that my clients make decisions with confidence and clarity. This commitment to education extends to navigating the ever-evolving market landscape, equipping clients with insights that enable them to make confident choices. I've also been an active participant in the real estate community. Serving as Chairman of the Board at the local board of REALTORS in 2005-2006, a state director at the Colorado Association of REALTORS, and roles in the Colorado state CRS chapter, I continually seek ways to contribute and stay attuned to industry trends and best practices. While my professional commitment is unwavering, I also relish the Colorado outdoors and adventure that comes with it. Whether scaling Colorado's peaks or enjoying the camaraderie of a hockey game, or a bike ride/run on one of the many trails around the city, I find solace in the exhilaration of these pursuits. And, amidst all these ventures, my greatest adventure has been the 25+-year journey of marriage to my husband, Dale, and our shared commitment to fostering and raising large breed dogs. A unique fact about me is my non-skiing status ... a quirk that adds a touch of individuality to my Colorado roots. With a profound dedication to professionalism, client education, and a keen understanding of market trends, I offer a comprehensive experience that places the client at the forefront. Navigating the real estate landscape can be complex, but with my guidance and educational approach, my clients are empowered to make informed choices that align with their goals. Contact Me Visit my Website Send a Referral Subscribe to Newsletter