Here in Colorado, storms and severe weather is a constant worry. Don’t let your finances be one as well!

 new hail insurance deductibles

Most home insurance policies are flat deductible policies. For example, a homeowner pays a $1000 – $2000 deductible and insurance covers the remainder if your one of the lucky policy holders of this type. However, several insurance companies are changing their policy structures, specifically regarding wind, rain, and every Coloradans favorite, hail.


Unfortunately, instead of homeowners paying a flat deductible on their claim, insurance companies are switching to a policy where homeowners will have to pay a percentage. Although that percentage will only fall between 1-5% of the home’s value, which could mean a big chunk of change that you’d be responsible for as your deductible. Let’s say you find yourself caught in a bad hail storm and you need a new roof for your home. If the value of your home is $400,000, that means that your deductible will be anywhere from $4,000-$20,000 for your new roof.


According to, 46% of Colorado homes were affected by hail in 2019. Your insurance rate may not change due to the fact that the damage is not self-fabricated. However, there’s a good chance you could be one of the 46%.


Make sure you:

  1. Read your policy’s renewal notice. If you don’t, there’s a chance you could miss this update.
  2. Ask your agent any questions you may have. They’re going to be your best resource!
  3. Be ready! We all have to deal with Colorado storms at one some point or another. Make sure you’re prepared as possible.

We all love Colorado but sometimes, the weather is not our friend. Make sure that your home and your finances are prepared!


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