One uncovered accident could cost you everything. Learn how the right insurance safety net in Colorado protects your home, income, and future.
One Accident. One Burst Pipe. One Missed Detail. That’s All It Takes.
You work hard, save wisely, and protect your family.
But if your insurance coverage doesn’t match your real-life risks, all of it could be gone in an instant.
In Colorado and Wyoming, the cost of being underinsured is rising fast. One car crash, one fire, or one water leak could leave you covering tens of thousands out of pocket.
Insurance isn’t an expense—it’s your safety net.
And that net needs to hold when it matters most.
Real Risk: Most People Don’t Realize They’re Underinsured—Until It’s Too Late
Let’s look at two real scenarios:
1. The Car Accident
A client in Denver was involved in a crash where they were found at fault. The total settlement? $63,000.
Their policy? Colorado’s minimum liability—just $25,000.
That left them with $38,000 in personal liability.
Wage garnishment and a lien on their property followed.
2. The Water Damage
Another family returned from vacation to a burst pipe. The water had soaked floors, drywall, furniture, and electronics.
Their policy had actual cash value, not replacement cost. And they lacked water backup coverage.
Out of pocket repair costs totaled more than $11,000.
These stories aren’t rare. They’re everyday financial disasters caused by underinsurance.
What Is an Insurance Safety Net?
Think of an insurance safety net as your financial backup system.
It kicks in when the unexpected happens—so you’re not drained by a single event.
The right insurance doesn’t just meet minimum state requirements. It’s built to:
- Cover the real cost of damage
- Protect your income, savings, and home
- Handle both common and complex risks (like lawsuits or high rebuild costs)
The right coverage closes the gap between what things cost—and what your policy actually pays.
Who Needs Better Coverage?
If you:
- Own a home in Colorado or Wyoming
- Drive regularly, especially in high-traffic areas
- Have kids, dependents, or a growing savings account
- Can’t afford to replace everything you own out of pocket
…you need a real insurance safety net, not just a basic policy.
Many families assume their policies cover “everything”—when in reality, they don’t.
What Most People Overlook
Here’s what often gets missed:
- Colorado minimum liability for auto is just $25,000 per person—but the average injury settlement is often 2–3x higher
- Nearly 60% of homes nationwide are underinsured by 20% or more
- Add-ons like uninsured motorist coverage, water backup, or extended replacement cost are often left off by default
- Policies based on market value vs. replacement cost create gaps no one explains—until a claim is denied
It’s not enough to “have insurance.” You need to know what your insurance does—and doesn’t—protect.
What Happens Without a Strong Safety Net?
Without proper coverage, even one event can lead to:
- Massive out-of-pocket costs
- Long claim delays or denials
- Loss of income, savings, or home equity
- Years of financial recovery from something that could’ve been insured
This is especially true in Colorado, where the total cost of crashes tops $16.2 billion a year, and construction costs keep climbing.
How Summit Insurance Builds Better Protection
At Summit Insurance Agency, we do more than fill out paperwork.
We build financial safety nets that work.
Here’s how:
✅ Real Coverage Reviews
We walk through your current policy, line by line, and explain where you’re protected—and where you’re not.
✅ Risk-Based Planning
We tailor your protection based on your life—not generic standards. That includes income, property value, lifestyle, and risk level.
✅ Ongoing Support
We help clients in Colorado and Wyoming avoid underinsurance through proactive reviews and claims support—before disaster hits.
Because your policy should bring confidence, not confusion.
Ready to Find Out If You’re Truly Protected?
Don’t wait until something goes wrong to find out what’s missing.
Request a quote or policy review from Summit Insurance Agency today.
We’ll help you build a real insurance safety net—one that protects your home, your future, and everything in between.