Most Colorado homeowners are underinsured. Learn how fire insurance and replacement coverage protect your home when disaster strikes.
A House Fire Can Destroy Everything in Minutes—Is Your Coverage Ready?
You wake up to smoke. You grab your family, rush outside, and within three minutes—your entire home is gone.
Now what?
The fire’s out, but the real challenge is just beginning: rebuilding.
If you’re like most homeowners in Colorado or Wyoming, your current policy might not fully cover that. In fact, over 60% of homeowners in the U.S. are underinsured—especially when it comes to rising construction costs and limited fire coverage.
The Hidden Risk Most Homeowners Never See Coming
It’s easy to assume your home insurance covers every kind of fire. But many policies:
- Use outdated home values
- Exclude wildfire or electrical fire risks
- Lack full replacement cost coverage
That means you could be left paying out of pocket for:
- Rebuilding your home
- Replacing your personal belongings
- Finding temporary housing
We’ve seen families in Colorado think they were fully protected—only to discover a massive gap when it mattered most.
What Is Fire Insurance and Replacement Coverage?
🔥 Fire Insurance
Fire insurance covers damage to your home and possessions caused by fire. But not all fire types are treated equally:
- Electrical fires? Sometimes excluded.
- Wildfires? Often limited or denied in high-risk zones.
🏠 Replacement Cost Coverage
This ensures your policy pays to rebuild your home at today’s construction prices—not what your home was worth five years ago.
Without it, you get actual cash value after depreciation, which can leave you tens or hundreds of thousands short.
Who Needs to Pay Attention to This?
You do—if you live anywhere in:
- Colorado wildfire zones (Fort Collins, Boulder, Colorado Springs)
- Rural Wyoming properties with long fire response times
- Older homes with updated features that cost more to replace
- Growing towns where construction costs are rising fast
If you haven’t reviewed your policy this year, you may be underinsured already.
What Most Homeowners Miss
Most people assume:
- “My policy is standard, so I’m covered.”
- “If something big happens, my insurance will take care of it.”
- “I’ll deal with it when I file a claim.”
But here’s what we’ve seen over and over:
- Policies that exclude wildfire damage without the homeowner realizing it
- Rebuild estimates that are $100,000+ higher than policy limits
- Temporary housing coverage that lasts 30 days when families need 6 months
That’s not protection. That’s a crisis waiting to happen.
How Summit Insurance Makes Sure You’re Protected Before It’s Too Late
At Summit Insurance Agency, we help homeowners across Colorado and Wyoming upgrade their coverage before disaster strikes. Here’s how:
✅ Full Replacement Cost Reviews
We make sure your rebuild coverage matches current market costs—not outdated appraisals.
✅ Fire-Specific Risk Checks
We check for wildfire and electrical fire exclusions and add the coverage you need based on your region and property type.
✅ Living Expense Protection
We ensure your policy includes additional living expenses so you’re not stuck paying rent or hotel costs while you wait to rebuild.
We don’t guess. We calculate, educate, and build real protection around your home.
Don’t Wait Until Smoke Fills the Room to Find Out You’re Underinsured
A house fire can take everything in minutes. But with the right coverage, you won’t have to rebuild alone.
Request a quote from Summit Insurance Agency today.
Let us review your fire insurance and home replacement coverage so your protection matches your real-world risks.