Colorado Insurance Checklist.

Personal Insurance Checklist

• Dwelling coverage equals full rebuild cost (not market value)

  Colorado rebuild costs often differ from market value — especially post-hail.
• Extended replacement cost endorsement in place

  Covers cost overruns if construction costs spike after a major event.
• Separate wind/hail deductible reviewed and understood

  Many Colorado policies carry a 1–2% wind/hail deductible based on dwelling value.
• Roof age and condition documented with carrier

  Roofs over 10–15 years old may only qualify for ACV (actual cash value) settlements.
• Personal property limit adequate for contents

  Schedule high-value items (jewelry, art, firearms) separately.
• Liability limit at least $300,000

  Umbrella policy recommended if net worth exceeds $300K.
• Loss of use / additional living expenses included

  Covers hotel and meals if your home is uninhabitable after a claim.

• Liability limits meet or exceed 100/300/100

  Colorado minimum is 25/50/15 — rarely enough to protect assets in a serious accident.
• Comprehensive deductible $100–$500 (Colorado hail risk)

  Hail frequency in El Paso County makes a low comp deductible worth it.
• Uninsured/underinsured motorist coverage included

  Roughly 16% of Colorado drivers are uninsured. UM/UIM protects you when they hit you.
• Rental car reimbursement on all vehicles

  Typically costs only $2–$5/month per vehicle.
• Roadside assistance / towing included or through separate plan
• New car replacement or gap coverage if vehicle is financed

  Standard coverage pays ACV — gap covers the difference if you owe more than the car is worth.

• Umbrella limit equals or exceeds net worth

  A $1M umbrella typically costs $150–$300/year and stacks on home + auto liability.
• Underlying home and auto liability meets umbrella requirements

  Most carriers require 100/300/100 auto and $300K home liability before issuing an umbrella.
• Excess UM/UIM coverage included in umbrella

  Not all umbrella policies cover uninsured motorist — ask your ICA agent.

• Renters insurance in place if renting (not owning)

  Landlord's policy covers the building — not your belongings or liability.
• Life insurance reviewed within the last 3 years

  Major life events (marriage, children, new home) change your coverage needs.
• RV, boat, or motorcycle covered under appropriate policy

  Standard auto policies typically exclude recreational vehicles.
• Rental property covered under landlord/dwelling fire policy

  Homeowners policies do not cover non-owner-occupied rental properties.

Business Insurance Checklist

• General liability limit at least $1M per occurrence / $2M aggregate

  Many contracts and venues require proof of $1M+ GL before doing business.
• Products and completed operations coverage included

  Covers claims arising from your work or products after the job is done.
• Personal and advertising injury included

  Covers libel, slander, copyright claims.
• Additional insured endorsements available for contracts

  Required by most general contractors and commercial landlords.

• Coverage in place if you have 1+ employee (Colorado law requires it)

  C.R.S. § 8-40-202 — no exceptions for most employers.
• Payroll classification codes reviewed annually for accuracy

  Wrong classification codes are the #1 cause of workers' comp overpayment.
• Employer's liability (Part B) limits reviewed

  Standard $100K/$100K/$500K — increase if high-risk industry.
• Certificates of insurance provided to GCs and clients

  Required proof before starting most job sites.

• Building replacement value (not market value) insured

  Post-disaster rebuild costs consistently exceed market prices in Colorado.
• Business personal property (equipment, inventory) fully scheduled

  Underinsuring contents is the most common commercial gap.
• Business interruption / loss of income coverage included

  Covers lost revenue and continuing expenses if you can't operate after a covered loss.
• Hail endorsement / roof coverage reviewed (Colorado-specific)

  Separate wind/hail deductible common on Colorado commercial policies.
• Cyber liability included or separate policy in place

  BOP cyber sub-limits are often too low for real breach costs.

• All owned vehicles listed on commercial auto policy

  Personal auto does not cover vehicles used for business purposes.
• Hired and non-owned auto (HNOA) coverage included

  Covers employee-owned vehicles driven on company business.
• Contractor's license bond in place if required by state/municipality

  Many Colorado municipalities require a bond before issuing a contractor's license.
• Performance or bid bonds reviewed for active contracts

  Required by many public and private projects over $100K.