Author Archives: AgentInsure

What to Consider When Looking into Purchasing Business Insurance in Lakewood, CO?

Finding the right commercial insurance policy in Lakewood, Colorado is an important part of protecting your company. Before you purchase any policy, it is important to look for a few key items. Additional protection may also be necessary if you have other concerns related to the industry or company.

Liability

Always look at the liability options that are available before you make a purchase. Liability protection will address concerns associated with injuries to your clients, passersby or other individuals who may visit your office for any reason.

Liability will also protect your company if a customer purchases a defective product and is injured or if you are forced to recall products due to defects. It is a method of reducing your losses when your company is responsible for any injuries to the public or a specific individual.

Protection for Assets

If your company owns property, then you want an insurance policy that protects your assets from financial losses. The losses that may impact your company assets include theft, vandalism or property damage from storms, fires or other accidents.

A commercial policy can protect your business from financial losses associated with property damage or theft. It gives you the funds to repair or replace the property, depending on the situation and the amount of coverage that you purchase. In general, you will want enough protection for your property to replace the item or rebuild the entire property if it is severely damaged.

Every business owner needs to consider the possibility of losing property or facing a court case after an individual is injured on company property. Depending on the situation, the exact details of a policy may vary. Contact us to talk to an independent agent to determine the options that may be appropriate for your goals and needs.

Can a credit be obtained for GSM home Alarm System in my House in Lakewood, CO?

Your homeowners insurance on your home in Lakewood, Colorado, qualifies you for a credit and discount for installing a GSM alarm system. GSM (Global System for Mobile Communications) systems are becoming ever more popular for multiple reasons.

· Ease of installation. Since they use the same technology as your cell phone, these systems are wireless. This saves you considerable installation expense, since your home does not need to be wired for your alarm system.

· Insurance companies reward homeowners making efforts to reduce risk of loss. Offering credits and discounts are common for most insurance carriers for all risk-lowering devices and actions you take to protect your home.

· A GSM alarm system is cost-effective to use. Most cell phone network providers offer reasonably-priced monthly fees for remotely activating your protection features.

· Remote 24/7 monitoring is also affordable. Having your GSM alarm system monitored by a security center round-the-clock reduces the extent of most losses, even when they cannot prevent damage, as with fire or windstorm.

When thinking about installing a GSM alarm system, contact us, your Lakewood, Colorado independent agent. Our experience and ability to give you multiple homeowner’s insurance quotes help you maximize your credit level, while keeping your home well-protected.

Since we work for you, not a single insurance company, we will answer all of your questions and concerns with you in mind. Looking out for your best interests means we’ll give you the best advice for your situation. Insurance carriers may offer different amounts of credits for your alarm system. We’ll give you the right advice for the coverage you need at affordable costs.

You will enjoy greater piece of mind knowing your GSM alarm system will reduce your risk of major losses. The credit or discount you receive also reduces the budgetary impact of adding this protection to your property.

Will I be Reimbursed for Additional Living Expenses in Lakewood, Colorado, if I Cannot Live in my Home Due to a Covered Loss?

Nothing is more worrisome than finding out that you cannot live in your home and that you will need to pay additional expenses until appropriate repairs are made. When the cause of your displacement is a covered loss in Lakewood, Colorado, it is possible that you may be reimbursed by your homeowners insurance for the unexpected costs.

Review Your Coverage

Although some insurers may pay for the additional expenses associated with a covered loss until your home is repaired, every policy is different. You may or may not be covered based on the details of your policy and the specific type of coverage that you purchased. Review your policy and read through the details of your coverage before making any decisions. In some cases, a clause or exception may also prevent a reimbursement.

Make a Claim

If you discover that you are covered for those unexpected costs, then make a claim after you have moved back into your home. After the repairs are made and you can move back into your house, the total cost of additional expenses will be available.

Make a claim for the amount that you spent or to the limit, depending on how your policy is designed. Your insurer will want proof of the expense, so keep your receipts and any documents that prove that you paid those additional costs.

Damages to your home may or may not be covered under your insurance policy. When you are not able to live in your house due to damages that are covered, you may be able to make a claim for reimbursement to reduce the financial burden. Contact us to talk to an independent agent to learn more about your coverage.

Since my homeowners insurance is part of my monthly mortgage payment in Lakewood, CO. I am confused over who decides what insurance to get. Is it my responsibility or is the decision left up to my mortgage lender?

It is quite common for your homeowners insurance to be paid by your mortgage payment. Most people who have a mortgage on their home in Lakewood, Colorado handle their insurance and tax payments by setting up an escrow account with their lender.

A mortgage payment consists of two parts. Part of your monthly payment is applied toward reducing the principal amount of your loan and the remainder is used to pay interest on the loan. In the early years of a mortgage, more of the mortgage payment is applied to interest rather than toward principal reduction.

Most people think about their monthly mortgage payment in terms of the total amount of the check they have to write. If your homeowners insurance (property taxes) is part of that monthly payment, your Colorado lender puts that aside (into escrow) so the money will be there when it comes time to pay your insurance bill. Usually, the lender makes one annual payment to your insurance company.

Your lender does not tell you when you should file a claim or if you should buy a policy that provides extra coverage for your personal property. They are concerned with your dwelling and the other structures that, if damaged and not repaired, could result in a reduction of the value of the home that they hold the title to until the mortgage is satisfied.

Your lender may specify in your mortgage agreement the amount of coverage that you need, but they can not tell you which home insurance company you have to use. You can usually get lower rates by shopping for a homeowner’s insurance policy on your own.

As your independent agent, we can help you get the lowest rate on the home insurance you need. Give us a call and an independent agent will be happy to get you the best quotes on homeowners insurance.

Can I use my parents’ insurance policy to cover a car that’s in my name in Lakewood, Colorado?

There is nothing more confusing than the issue of insurability in Lakewood, CO. When a young person first gets their own vehicle in their own name they will want to know how they are going to insure it. They may wonder if their parents can insure it or if they need to have their own policy. To help you understand all the factors that go into insurability here are some things that you will need to know about the process.

Major Points of Insurability that You Will Want to Know

· In order for you to be on your parent’s policy you will need to have their name on the title of your car. The owner of an insurance policy can not have any car or home on the policy unless their name is on the owner documents.

· If you are a minor and are in need of insurance, then you will need to have your parent or guardian on the title of the car. Most insurance companies will not issue a policy until a person reaches the age of 18.

· Insurability laws are in place to keep people form insuring and collecting claim payouts for property that they do not really own. This also keeps your neighbor from taking a policy out on your home or auto.

When look for auto insurance in Lakewood Colorado you will want the services of your independent agent. Your agent can take the time to answer any questions that you may have and evaluate your current policy to ensure that there is nothing that needs to be changed. Call your agent today and let them go to work for you finding the right insurance coverage for you.

After buying a used car, could I drive it right away without auto insurance in Lakewood, CO?

The process of buying a car is very detailed. You have to give certain pieces of information to the sales agent in order for them to get what they need to sell you the car. You will have to be approved for a car loan, get the documents signed and an insurance policy on the car. If you are thinking that you will be able to drive off the lot without an insurance policy, then here are some things that you will need to know before buying the car.

Why You Will Need an Insurance Policy before Driving the Car off the Lot

· Car insurance in Lakewood, Colorado protects you from having to pay for damages related to an auto accident. The cost of an accident can be hundreds of thousands of dollars. Without a policy you will have to pay for it out of your pocket.

· The dealership will not allow you to drive the car off the lot without a policy because they have to look out for the interests of the lender. If you owe money on the car, then the car really belongs to the lender that gave you the money to buy the car.

· The dealership also has to look out for their own interests. If they allow you to leave the dealership without insurance, then they could be held responsible for the damages to your car if there is an accident.

Your independent agent can help you with your insurance needs. To put them to work for you give your agent a call today. They can help get the policy that you need in order to be able to drive the car off the lot and into your driveway.

Is it legal for my independent child to be covered under my auto insurance policy in Lakewood, CO?

It is legal for your independent child to be covered under your auto insurance policy in Lakewood, Colorado under certain circumstances. Often children, who are working full-time and are considered independent, still live at home. Some children also continue to drive the family vehicles once they are considered independent. Under these circumstances, your children would be covered by your auto policy.

An independent agent can help explain all of the factors you need to consider when looking at your coverage with your auto insurance. Any vehicles that are registered in your name can legally be covered by your insurance plan. Also, people who live in your residence should be covered by your auto insurance policy in Colorado. The main factors when continuing insurance coverage for your children include cost. Younger people tend to pay more for coverage. If your child is still a teenager your policy will cost more. If your children have had accidents or tickets you will also pay more.

It is best to speak with our independent agent to help you determine if you have enough coverage and if you are paying too much for your insurance. We can quickly compare quotes and rates to find Colorado auto insurance plan that will fit the needs of you and your children. When your child is finally ready for his own policy, it will be helpful if he has been continuously covered by automobile insurance.

Saving money on your auto insurance is important. No matter what your circumstances or your unique situation, we can find an auto policy that will cover you and your independent children for an affordable rate. Call us today for your automobile insurance needs

Does Motorcycle Insurance in Lakewood, Colorado, Cover Injuries to a Pillion Rider?

Buying comprehensive motorcycle insurance in Lakewood, Colorado might seem like enough to protect against personal injuries or the injuries of a pillion rider, but every insurance plan is different and many plans will not cover injuries to the rider or passengers.

Variation between Insurance Options

Coverage for a motorcycle primarily relates to liability protection and the repairs of the motorcycle. Although many basics are covered, injuries may or may not be automatically included in the plan. In many plans, pillion riders are not protected if an accident occurs because of the potentially high medical expenses that may occur.

Even though a basic plan may not offer protection against injuries, it may be possible to add the protection to a plan with the right insurer. Some insurers will offer additional protection against accidents and medical expenses, but the premium will usually increase when compared to a basic liability plan.

Comparing the Options

In general, it is best to compare coverage options and plans before selecting any motorcycle insurance. By comparing the amount of coverage, the types of accidents that are protected and the price of different plans, it is possible to find an appropriate insurer for individual needs, concerns and a strict budget.

Adding medical protection for the rider and any passengers may have a high expense when compared to plans that have limited medical coverage. Depending on the situation and the number of times a passenger is on the motorcycle, the necessity of additional protection may vary.

Finding the right coverage for a motorcycle is essential for your peace of mind. Working with an independent agent can make it easier to find the right protection plan for your needs. Call today to learn more about protecting yourself and your passengers when you ride a motorcycle.

In Lakewood, Colorado, What type of losses does an All-risk boat insurance policy cover?

If you’re living in Lakewood, Colorado and you have a boat, you know you need the proper boat insurance. Getting an all-risk policy can help protect you against a variety of losses. Of course, it’s important to make sure you’re getting the best coverage and the most value for your money, so talking to an independent agent like us is a good idea. That can help tell you whether you can cover the type of losses you’re concerned about with the policy you have, or whether you should have a different kind of policy instead.

Not everyone gets an all-risk policy. Many choose only to have state minimums when it comes to coverage. The minimum coverage is less expensive, so it’s a popular choice. If you have an expensive boat, though, you don’t want to just do the minimum you have to in order to protect it. We can help you get a policy that will cover the boat whether it’s out on the water, at your house, or sitting in a docking facility. That’s true whether it’s a standard dock where the boat is in the water, or a dry docking situation.

Damage to your boat from an accident, theft of the boat or its contents, and other issues are all covered under an all-risk policy, so you can have peace of mind no matter where your boat is or what you’re doing with it. Don’t risk a big investment like a boat by only getting the minimum coverage needed to protect it. Take the time to get the right kind of policy, and let us help you choose the policy that will best meet your needs.

Benefits for successfully completing safe boating classes in Lakewood, Colorado

When you have a boat in the Lakewood, Colorado area, it’s very important that you know how to operate it safely. Safe boating classes can help you with that. Once you’ve completed them, you can ask for a break on the price of your insurance. Often, boat insurance will be less expensive if you have paperwork showing that you’ve taken a class. Completing a safety course can also give you some peace of mind, and make you more confident in the operation of your boat.

Once you’ve successfully completed the class, talk with an independent agent about the opportunity for a discount. Some companies might offer more savings than others, which is why it’s better to work with someone like us. We can check with multiple companies, so you can get the best rate and the highest discount. Just make sure before you take any boating safety course that it’s legitimate and approved by insurance companies. If it isn’t, you aren’t going to see any savings on your insurance bill and that won’t help you reduce your premiums.

Talking with us can help you find the best insurance for your boating needs. In some cases it might be less expensive to choose a company that doesn’t provide a discount for safe boating classes, just because that company has lower overall premiums. However, it’s often cheaper to choose a company that gives good discounts. Plus, it’s always a good idea to have a safety course when you’re going to operate a boat. There’s much more than money on the line, and you don’t want to take any chances with the safety and security of your friends and family members.