Snow Birds And The Like Living In Two States Can Get Tricky

We all know someone who lives in a colder weather state, like Wheat Ridge, CO during the spring and summer seasons only to hightail it to Florida when it gets too cold for their exotic feathers. Aside from keeping warmer, there are financial and accountability items that you have to ponder if you make two states your permanent domicile.   

The first thing you would consider if you live in two states simultaneously would concern your tax accountability. It matters how many months you reside in either state. Another factor is where your business is primarily conducted if you are self-employed. While your accountant is the best person to speak with when it comes to your tax questions, your agent at CO Insurance Specialist will be able to assist you with the queries you may have regarding your insurance liability and other insurance questions.

Where Do You Park Your Car? 

Managing your car insurance if you live in two states begins the same way a normal one state dweller would approach their policy. What do you do with your car? Do you use it for work? How many miles are you driving in a normal day? Are you using your car for work in both states or is one domicile primarily used for recreation?   

If you are located in the Wheat Ridge, CO area, please feel free to stop in to discuss this insurance issue or any other questions you may have regarding your insurance policy. The insurance specialists at CO Insurance Specialist agency will set your mind at ease so that you can enjoy your double dwelling status or simply have clarity in your insurance matters.