At Colling Insurance Services, Inc we encourage our clients to consider umbrella insurance. This is because we have seen clients make claims that are larger than their auto insurance, homeowner, or watercraft insurance policies.

In Lakewood, CO, umbrella insurance is a life-saver. It serves as a backup for your other insurance policies. You still look confused with the brief explanation. Let’s shed more light on the term with a simple illustration. One day, you found yourself almost late for a meeting with a potential high net worth client that could give your company million-dollar deals repeatedly.

You became impatient in your Ferrari. You tried to beat the red light and ran into a bus with several passengers. You damaged the bus, spoiled your Ferrari, and also caused bodily injuries to all the occupants of the vehicles.

You will be liable for the cost of fixing the bus, the cost of fixing your car, and the medical bills of the people who got injured. In addition, one of the passengers could figure out that you must be rich to be cruising a Ferrari, so she may decide to sue you. To make matters worse, your auto insurance policy can only pay a fraction of the total amount. So, you’ll need to raise the remaining part fast.

This is where your umbrella insurance comes in. The policy will provide the remaining coverage and prevent you from debt, bankruptcy, and the emotional trauma that comes with insolvency. We used the auto accident as an illustration, but it could happen with your homeowner or watercraft liability insurance too.

It goes further. In Lakewood, CO, umbrella insurance also covers legal liability claims like wrongful arrest, wrongful detention, false imprisonment, slander, and libel. Many other policies do not cover these. If you need more information on umbrella insurance, we’ll be too glad to oblige you. Just contact Colling Insurance Services, Inc, visit our office today or anytime.

For a lot of people, living in the Lakewood, CO area often means dealing with cold winters. However, this area of Colorado also offers some amazing weather during the summer. To ensure that you are able to enjoy your summer months as much as possible, you should consider getting a boat. If you do get a boat, there are several benefits it will come if you invest in a quality boat insurance policy.

Asset Protection

One of the main advantages of getting a boat insurance policy is that you can receive protection for your asset. A boat is a very big purchase and investment that should be properly covered at all times. If you get a full boat insurance policy you will receive coverage for virtually any situation that could result in a loss. This form of insurance is also required if you took out a loan to buy the boat.

Liability Coverage 

Another benefit of having boat insurance is that it can provide you with valuable liability coverage. If you were to cause an accident when you were using your boat, there is a chance that you will have to pay a significant amount of money to cover damages. However, if you continue to carry a boat insurance policy you will have coverage for these situations. This coverage could help to save you a lot of money and give you peace of mind.

If you do purchase a boat in the Lakewood, CO area, it is always a good idea to get a boat insurance policy. As you are shopping for a new boat insurance policy, you should call Colling Insurance Services Inc. The team at Colling Insurance Services Inc. can help you pick a new insurance policy that will properly protect your boat.