Owning a boat can really be fun, but you also want to make sure you take care of it properly. Maintenance is going to be needed and insuring it should also be a consideration. When you have proper insurance on your boat, you have the peace of mind you need to have fun on the water. Colling Insurance Services Inc. serves the Lakewood, CO area, and can help you get the coverage you need to protect your boat. Here is what you need to know about choosing boat insurance.

Know the Coverage Limits You Need to Have

State requirements for minimum insurance limits vary. When you plan to buy your boat insurance, make sure you are meeting at least minimum requirements. Then you can decide if you want to have coverage beyond that, or if the minimum coverage requirements will be enough for you. Both options are acceptable, and it comes down to what really matters to you the most.

Work With an Agent You Trust to Help You

By working with a trusted agent in the Lakewood, CO area, you can get the help and guidance you need in order to purchase the right boat insurance policy. There are different companies that offer this insurance, and having the protection you feel good about and that covers your boat adequately is the main goal. Some companies may provide higher levels of coverage than others.

Consider Additional Protection Options

When you reach out to Colling Insurance Services Inc. you get the opportunity to ask your agent whether there are additional coverage options that might work for you. Choosing the minimum coverage may not make you feel comfortable or give you peace of mind. Because of that, you may want to increase your coverage beyond minimum requirements. Reach out to us today, and see what we can offer you.

What Policy Types Can I Add Umbrella Insurance To?

At Colling Insurance Services Inc. of Lakewood, CO, we want you to have the coverage you need to protect your assets. Umbrella insurance does this. This blog explains adding umbrella insurance to a homeowners’ insurance policy, a commercial policy and an auto or recreational vehicle policy.

An umbrella policy is a secondary insurance policy that you add to an existing policy. You can add an umbrella policy to a homeowners’ insurance policy, a commercial policy, a recreational vehicle policy, and an auto policy.

It provides excess liability insurance. Most policies only cover a small percentage of the total policy value as to liability insurance. Umbrella insurance provides the coverage you need to pay liability claims. For example, if your neighbor broke their leg at your July 4th barbeque, your homeowners’ insurance liability covers their medical bills. If they experience complications though and must remain hospitalized, you would likely exceed your liability coverage quickly. An umbrella policy kicks in when that liability coverage gets exceeded.

Do not have to purchase an umbrella policy. It’s optional but helpful. It only covers liability – the times when you were at fault and held legally responsible for another party’s damages. It pays for their medical bills, funeral costs, property damage, and other related expenses. It also covers defamation, slander and your attorney fees.

The policy coverage usually starts at about $1 million. The cost for that in premiums is quite small though.

You already have to carry insurance that meets a specific coverage limit before you can add an umbrella policy. It won’t cover your own injuries or your personal property. You also will not be covered for criminal or intentional acts. It does not extend to vehicles not specifically covered by the main and the umbrella policy.

Call or visit Colling Insurance Services, Inc. of Lakewood, CO to learn more about your umbrella options. Protect your assets today.