Lakewood is the fifth most populous city in Colorado, with a median home value of $428,000 between 2017 and 2021. The value of homes in this community has continued to rise in recent years to around $560,000. making home insurance in Lakewood a smart financial decision.
The proximity of Lakewood to the foothills of the Rocky Mountains is only one reason this city is a scenic place to live. There are over 80 parks in Lakewood, which is also near regional destinations such as Bear Creek Lake, Green Mountain and Red Rocks Amphitheatre.
While there are many advantages to living in a western suburb of Denver, including local attractions such as the Belmar town center and 40 West Arts District, Lakewood homeowners need insurance to protect against local and regional risks.
The right home insurance policy can protect against common risks to residences in Lakewood. Find out more about local and regional perils that most home insurance policies cover:
A homeowner in Lakewood should consider these risks when choosing a home insurance policy. You can also obtain additional coverage for other less likely risks, such as flooding or the 1.83% chance of a 5.0 earthquake in Lakewood within the next 50 years.
The average annual rate for home insurance in Colorado is 40% higher than the national average. Annual premiums for homes in Lakewood typically range from $1,622 up to $3,628 based on home values. The age, size and location of your residence can affect home insurance rates.
VIU by HUB helps owners of homes in Lakewood obtain the right level of coverage. We make it easy to compare the cost of basic, broad, special or comprehensive policies for your home.
Homeowners in Lakewood may prefer broad -orm policies that cover damage caused by the weight of snow and frozen pipes. An all-perils policy can provide even more comprehensive coverage for your home in Jefferson County.
Home insurance should cover the full cost of rebuilding your home in the event of a total loss. Additional coverage can also be beneficial. Here are a few options for supplemental policies, endorsements and benefits that provide even more protection:
Use VIU by HUB to shop for home insurance in Lakewood and any additional coverage. We make it easy to find a policy with premiums and deductibles that fit your budget and limits that cover the value of your property.
This information is intended for general informational purposes only and is not intended to constitute legal advice.