Author Archives: AgentInsure

When I buy umbrella insurance in Lakewood, CO, does it cover past liabilities?

Picture this scenario happening; you have no insurance, and are in an accident in Lakewood, Colorado, on the first. You are found guilty of a serious accident. The next day on the second you purchase and sign a policy that gives you the coverage you will need in this situation. Anticipating that the injured party will sue you for more coverage than you have, you call an independent agent and tell him/her you want to add on an umbrella coverage.

You feel quite confident you have now covered yourself well with a high enough amount , when it is determined that you may have thousands of dollars to pay.

Guess what, you are not covered for anything and you are on your own. You must make financial amends out of your own pocket for all liabilities. Call your independent agent in Lakewood, Colorado, and speak with an agent. An auto policy is only meant to pay for future accidents one day after you sign your application. Your insurance company is not going to pay for any damages before the second when you signed for your coverage.

Never, ever will a company pay out for any liabilities before the coverage was signed. There is no company on the face of the earth that pays out before the effective coverage date. In this case and many others like it you must pay out of pocket if you have no coverage and are found guilty in an vehicle accident. You could lose all of your assets including your home and car if a serious accident happens before you are covered.

There is one exception to this rule that pertains to a life insurance policy. If you purchase this kind of coverage and sign a dated application, you can make your first payment, and in some circumstance you are covered at once.

Do not wait unit it is too late. We can help you, contact us to speak with an independent agent in Colorado, about an umbrella converge today. We can give you specific details for our circumstances.

In Lakewood, Colorado, can I get a discount for taking a motorcycle safety class?

Motorcycle safety classes work much the same as automobile safety classes . If you enroll in a motorcycle safety class in Lakewood, Colorado and pass the class and test , you may get a nice discount on your insurance policy .

However , there are no discounts available through the safety course for your motorcycle policy . When you take a motorcycle safety class , and you have proven that your goal is safety when on the road your company will have some discounts on your insurance policy for you .

Contact your independent agent when you have completed your motorcycle safety class and passed your test . Show proof to your independent agent and you can get a discount from your insurance company .

Even if , you think you are the best and safest motorcycle driver on the road , there is always room for improvement . Everyone can improve on driving skills and always learn something new .

Motorcycle skills , like automobile skills , can deteriorate after several years . It is a wise idea for you to sharpen up your road skills and your states road laws , at least every year . You can take this motorcycle safety course as often as you would like .

Colorado has a program called ABATE that is available for motorcycle riders . ABATE offers you the following;

·Freedom on the road

·Promote fair legislation safety

·Rider education

·Successful Communication system for cyclists

Motorcycle riders are some of the safest drivers on the road , but as with most things , you must proof how safe you really can be. Once you have taken the safe driving course , the rider must prove how safe they really are. Taking the safe driving course is the first step . Driving citation free for at least one to three years is another big step towards better insurance rates .

We can help you . If you live in Lakewood, Colorado contact us and speak with an independent agent today . It is important that you call us so that we can give you specific details for your circumstances .

Do commercial insurance policies for an apartment usually cover mold in Lakewood, Colorado?

Mold is a naturally occurring organism that can pollute the environment and cause illness. Lately mold has received heightened attention for its potential toxicity and can pose a serious liability problem for landlords and property owners. For this reason, it is important to understand where your home insurance policy stands when you are seeking commercial coverage for your Lakewood, Colorado apartment.

The Dangers of Mold

While there are over 100,000 different types of mold, only a handful are dangerous to humans. However, even non-toxic mold can cause health problems because humans vary in their response to mold. Those who have been exposed to toxic mold may experience a wide range of medical conditions, including skin problems, fatigue, and respiratory ailments.

Is Mold Covered By Commercial Insurance?

Typically, the answer is no. Because mold flourishes in moisture, burst pipes and unkempt bathrooms serve as conduits for mold spores. Usually, the tenant can prevent mold by diligently cleaning areas that are prone to moisture or by taking care of leaking pipes immediately. Thus, mold is considered to be a maintenance issue and is excluded from coverage by most insurance companies.

How an Independent Agent Can Help

Though mold is treated as a maintenance issue, mold can often spread through construction practices that introduce moisture to the foundation or building materials. Occasionally, coverage may be provided for structural damage where you can verify that the mold was not caused by negligence on behalf of the tenant or the property owner.

An independent agent can help you determine whether your home insurance policy will provide coverage for mold and what your options are if you find toxic mold on your property. Contact us today to tackle this important issue and find the best home insurance policies for covering mold damage on your property.

If My Home in Lakewood, CO is Damaged, will my Home Insurance Cover the Cost of Temporary Living Arrangements?

When your home in the Lakewood, Colorado area is damaged and is not longer habitable, then you may find that it is necessary to move to a temporary housing solution. The problem that you may worry about is whether you will be able to pay for those costs or if you have solutions to help pay for some of the expenses.

The Simple Answer

The easy answer is that many home insurance policies will provide some provisions to help pay for temporary arrangements if your home is uninhabitable. The key is that the damaged house must be determined unsafe for human habitation or for your family before you are able to make the most of the policy.

Although the insurance should provide some funds to keep you and your family for a short period of time, the amount of funds that you can expect and the method of providing those funds will vary.

Specific Details

Although most home insurance companies and policies will provide you with some funds for a hotel or rental space until your home is repaired, each policy will have different guidelines and specific requirements that you must look over to determine whether your home insurance policy applies to the situation.

Specific details, such as discovering that the damage was caused by poor maintenance, can mean that your home insurance company does not provide coverage for living costs when your house is being repaired. The situation can dictate the amount of funds or the options that you have available.

While your home insurance policy will have different guidelines and specific details, most situations will allow you to get a reimbursement or some funds for short-term hotel expenses or similar costs. For help finding the right home insurance policy for your needs, contact us to speak with an independent agent.

Do Red Cars Cost More to Insure in Lakewood, Colorado?

When you are looking for a new vehicle in Lakewood, Colorado, it is likely that you will consider the cost of an auto insurance policy before you make any decision about the best choice for your needs. Among the myths that you might hear or assume is that a red car is more expensive to insure than any other color.

Idea Behind the Myth

The idea behind the myth is that a red vehicle is an insight into the driver’s personality. The color is often associated with riskier drivers because the individual selected a bold color.

Although the bold color can have some impact on psychological evaluation, it is not a sure sign that an individual is a reckless driver. In many cases, the color of the vehicle is primarily related to the individual’s preference for colors and does not have any impact on driving skills.

The Reality

Although the myth assumes that the color means you are reckless, the facts do not back up that idea. The color of your car does not impact the price of your car insurance policy. The key factors that impact the cost of your auto insurance relate to your driving history, your credit history, your current age and the actual vehicle you are driving.

The model of the vehicle is more important because some cars have expensive replacement parts or repair costs. Those factors are more important than the color of the car.

Finding the right autoinsurance policy means that you must compare different options to find the best deal for your needs. Although rumors suggest that color plays a role in the cost, it is not actually a factor in the price of your coverage. If you want to learn more about what impacts your coverage costs, contact us today to talk to an independent agent.

How will my Colorado auto insurance help if my vehicle is totaled?

If you have ever been in a car accident and ended up totaling the vehicle, then you know how frightening it can be. In order to understand the process of how your auto policy works when vehicle is totaled, you must first have a basic understanding of your policy. Here are some things to know about how your auto insurance policy works when your vehicle is totaled in Lakewood, Colorado.

Your Auto Policy and Your Totaled Vehicle

  • Make sure you know what your auto policy states in regards to a totaled vehicle.
  • Check to see if you have gap insurance on your vehicle. If you have a loan and the value of the car is lower than the amount of the loan, you will be responsible for the difference in the payout unless you have gap coverage.
  • The auto insurance company may need pictures of the car. So be sure to take a few once the police are done reviewing the accident.
  • The insurance company will pay out money in the value of what the car is worth. If you have added any special items to the car, make sure to document the changes and inform your car insurance company before the accident happens.
  • Once the auto insurance company has paid for the damages the car will belong to them. Make sure to notify where the car has been towed so the company can locate the vehicle when it is time to dispose of the car.

If you have any questions about your auto insurance policy in the Lakewood, Colorado area, then contact us to speak with an independent agent today. It’s important that you give us a call so that we can give you specific details for your circumstances so we can help get the coverage that you need to get back on the road. We are here to help you with all of your insurance needs.

If the Accident in Lakewood, CO Wasn’t my Fault, do I Still Need to Pay the Deductible?

When you are involved in an auto accident in Lakewood, Colorado, you may be concerned about the cost of repairs or medical expenses. Even if you did not cause the accident, it is easy to worry about the possibility of paying for the deductible on repairs and medical costs. Although your auto insurance policy will give you the best details about your specific insurance coverage, the situation will ultimately determine whether you need to pay the deductible.

Usual Payment

If you did not cause the accident, then usually you are not responsible for paying the deductible or your repair costs. The other driver who caused the accident is the responsible party and that individual’s liability coverage should pay for those expenses.

Inaccurate Claims

In some situations, the other driver may claim that he or she did not cause the accident. If there are no witnesses to the accident, then you may find that the accident is ruled undetermined and you might be required to pay for the deductible and repairs personally.

Uninsured Drivers

The other situation that may cause you additional heartache is when another driver does not have car insurance. Even though that individual is responsible for the accident, he or she may not be able to pay the full cost and you might be required to pay for some of the expense. In this situation, your uninsured driver coverage should provide most of the funds and your deductible amount is usually a reasonable cost.

Although the situation will dictate whether you need to pay for repairs or not, most cases will result in the other driver paying for the cost of repairs and your medical expenses. If you want to know more about your specific situation, contact us to talk to an independent agent.

On What Basis Do Insurance Companies Determine What Your Claim is Worth in Lakewood, Colorado?

When you are in an accident in the Lakewood, Colorado area, you will want to know about the way your home insurance policy works. The problem that you might face is determining how much you are actually likely to obtain after the accident and processing of your claim. Although the exact process and method of determining the value will vary based on the policy and coverage on your home or car, you can calculate an estimate of the value you can expect.

Current Value of the Item

A key part of determining the replacement value or repair cost starts with evaluating the value of the item. A home insurance company will often use that determining factor to start evaluating how much you should receive in your claim.

Depreciation

In some cases, the home insurance company will consider the depreciation on the item before giving any funds. When a home insurance policy does not completely replace the full value of replacement costs or the exact repair expenses, it is likely that the company will consider giving the value minus the depreciation on the item.

Estimate Repairs or Medical Costs

Depending on the accident, the home insurance policy and the specifics of the situation, the worth of the claim might be determined by a medical professional or a repair professional. Professionals will be able to give an estimate to the insurance company, which is then used to establish the amount that the company owes to the insured individual after a deductible.

Every company will have a different method of calculating the actual worth of a claim, which can make it seem like a complicated process. Although the exact figures will vary, the details of coverage are provided in the paperwork. If you want to know more about your specific coverage or coverage you are considering, contact us today to talk to an independent agent.

Do Older Drivers in Lakewood Pay More for Colorado Car Insurance?

Finding the right auto insurance policy requires some research, but it also requires an understanding of the common myths that are regularly stated. Among the myths that Colorado drivers might assume is true is the myth that older drivers pay more for coverage than younger drivers.

Idea Behind the Myth

The idea behind the myth that older drivers in Lakewood actually pay more for car insurance is related to challenges older men and women might have with health and wellness.

It is a common belief that older men and women are more likely to have health conditions, problems seeing or similar issues that might cloud their ability to drive. The reality of the situation is that as long as they are legally allowed to drive and do not have major issues that present driving risks, an older man or woman is not likely to pay a significant premium for coverage.

Reality of Coverage Costs

The cost of insuring a vehicle is not solely related to the age of the driver. Although young drivers are considered a higher risk due to the lack of experience, that is not the case for older men and women. The reality is that older men and women are actually able to get better rates due to discounts that apply to their account, improved experience and a long history that provides details into driving habits.

Protecting a motor vehicle from damage in the event of a crash or accident requires some consideration for the factors that impact the cost. Although many factors are involved in increasing the expense, getting older does not mean that the price will increase. To learn more about the myths associated with driving in Lakewood, Colorado, contact us today to speak to an independent agent.

Is glass in my home insured under home insurance policy in Lakewood, Colorado?

Glass doors, windows, and fixtures are easy to break yet expensive to replace. While glass structures are technically covered by homeowners insurance, regular policies are often inadequate for covering the total loss. When you are insuring your Lakewood, Colorado home, it is a good idea to determine the level of coverage you need for the glass on your property.

When Glass Objects are Covered

If you encounter a disaster, such as a hail storm or thunderstorm, that damages your glass windows or sliding glass doors, your regular homeowners insurance policy should cover the damage. However, when just the glass structures are damaged, you might not meet your deductible and will likely have have to pay out of pocket. Filing small claims can be counterproductive because it will generally trigger a higher premium when you renew your homeowners insurance.

However, if you incur significant damage from natural disasters or vandalism, your home insurance will kick in to cover the replacement or repair costs. However, keep in mind that if you cause the damage, your claim will be denied by the homeowners insurance company.

Advantages of Glass Insurance

If glass is a prominent structural element in your home, it may be worthwhile for you to purchase glass insurance. Glass insurance is a rider that can be added to your policy and that specifically covers damage to glass as the result of natural disaster and acts of vandalism.

How an Independent Agent Can Help

An independent agent can help you determine the best way to protect the glass structures on your property. If adding glass insurance is your best bet, we can help you find the best rates on a glass insurance rider for your homeowners policy. Contact us today to keep your home sound and properly insured.