Risk, peril and hazard are all terms used in homeowners insurance. Catastrophe insurance is a type of homeowners coverage that can help you with emergency medical costs resulting from a named peril. For more information on catastrophe insurance, here are the basics:
In most homeowners insurance policies, only specific hazards will be covered and may vary by policy or insurer. Catastrophe insurance is an optional addition, or rider, you can include in a homeowners policy to help cover health costs related to a disaster.
Homeowners insurance protects your personal property against damage. It can also financially protect you and your household from unforeseen injuries caused by your own residence. However, only catastrophic insurance riders will provide broad coverage for emergency medical expenses.
It's crucial to know which hazards are included in your particular policy, and also the limits of your health insurance coverage. Injuries sustained in a natural disaster can make a difficult situation even worse. The more you can do to protect yourself and your finances, the better.
With a combined 25+ years in the business and belonging to one of the most experienced Brokerage Firms in the Greater Denver Area, the Weld Real Estate Group will help you navigate the Real Estate waters in a professional manner. Whether you are a first time home buyer, an experienced investor in the commercial arena or relocating to or from Colorado, we can make your transaction as seamless as possible as well as enjoyable. Our team of agents, lenders, title companies and trained office staff insure you will feel confident about your path to selling and buying property. We also have staff to help you determine whether you want to do a short term rental of your property. We currently service the greater Denver Metro area, Boulder, Ft Collins, Colorado Springs, Summit, Park, Grand and Lake Counties. We look forward to serving you!