There are a number of important forms of protection that auto insurance provides to drivers. Anyone who wants to learn more, or is thinking about switching can get in touch with a CO Insurance specialist. 

Payouts after a collision

Many policies have collision protection that will provide payments for a driver to make repairs if their vehicle is damaged during an accident. Collision coverage is required if the car is financed or subject to a loan or lien. Each collision policy will have a different deductible, which is the amount the owner must pay out of pocket before the collision policy will cover the remaining costs of repairs. 

Liability coverage

If you are involved in an accident, another person who is hurt or has their car damaged may try to sue you. Liability coverage will provide protection against monetary judgments from these lawsuits. This is important because it protects drivers from suddenly being put in a very difficult financial situation if they are found to be at fault for a crash. Because liability can be a complex concept depending on how many vehicles are involved in an accident and the state’s negligence laws, it is best to speak to a  Wheat Ridge, CO insurance agent to learn more. 

Theft and vandalism

Crime is an unfortunate part of life no matter where your car is parked every day. Many policies will include coverage in the event that a car is stolen, broken into, or if personal belongings are taken from the inside. This is especially important for valuable cars or for people who keep expensive equipment inside of their vehicles. 

Learn more about coverage

An agent who services the Wheat Ridge, CO area can design a policy that has all of the coverage you need. Speak to a CO Insurance Specialist today to learn more. 

If you own a vintage or antique vehicle in Wheat Ridge, CO, you’ll undoubtedly want to preserve your investment for years to come. Classic car insurance can help protect your collectible against mishaps that can cause damage or loss. At CO Insurance Specialist, we can help you determine if your older vehicle qualifies for classic car insurance and help you select the coverage you need.

Qualifications for Classic Car Insurance

Although there’s some variance in how insurers classify classic vehicles, there are general guidelines to determine if an older vehicle falls into this category. These guidelines include:

• Age: Vehicles must be older than 15 years (in some cases, older than 25 years)
• Condition: Vehicles must be maintained in good physical and working condition
• Vehicles must have historical value

Hot rods, muscle cars, rare sports vehicles, vintage military cars, and antiques are some types of older vehicles that may fall into the classic category.

In order to insure your vehicle with classic car insurance, you’ll need to meet your insurer’s restrictions for storing, caring for, and driving your classic vehicle.

Benefits of Classic Car Insurance

Classic car insurance offers greater protection for your collectible than traditional auto insurance. Instead of covering your classic for its market value, classic car insurance protects it for its “agreed upon” value. After having your vehicle professionally appraised, you and your insurer will agree upon its value. This is the amount your vehicle will be insured for in the event of damage or loss.

Classic policies in Wheat Ridge, CO also offer conventional auto coverage to include liability, uninsured motorists and roadside assist to protect your classic when it’s taken out on the road, giving you the best of both worlds in protecting your investment.

To protect your prized collectible with classic car insurance, contact your CO Insurance Specialist today.

The modern workplace in Wheat Ridge, CO is different from the one our parents grew up in. With the proliferation of smartphones, we now have the "gig economy." Freelancers have always existed in some form or other, but now it seems like everyone pulls in a little freelance work on the side here and there. An occasional delivery, an Airbnb, or some odd jobs here and there on the internet.

The question of when these side jobs become a business is different depending on who you ask. For many side-hustlers, the cut-off is when you quit your day job. For the IRS, if you make $600 a year, you need to file self-employment taxes. And for an insurance company like CO Insurance Specialist, it comes down to what you want to protect.

Can You Cover It?

The big question when deciding whether it’s time to invest in commercial insurance: Can you cover it if something goes wrong?

Maybe your business is just a home office and a laptop, but it’s not just your business property you need to worry about, it’s employees, clients, products, and most importantly, liability. You might be able to cover everything else, but can you handle an expensive lawsuit?

If your Wheat Ridge, CO side-hustle is now facing liability concerns, if you’re sending products out into the world and you want to be able to cover the damages should something go wrong, then it’s time to give CO Insurance Specialist and see what they can do for you. Maybe you can replace your laptop or phone out of pocket, but once commercial liability comes into play, there’s no business too small to get covered by commercial insurance.

Buying insurance for a new vehicle through an auto dealer is a huge financial blunder. In the excitement of getting a new car, many fall victim to getting pricey auto insurance. This does very little to protect them. It only covers the lender and puts commissions in the pocket of the auto salesperson.

You will likely get a lousy deal if you buy auto insurance through the auto dealer. They cannot let the car go off the lot without it having insurance, but you will get an inferior insurance solution.

How to Get Auto Insurance for a New Vehicle

There is a much easier and better way to do this. First, before you go to the dealership to look at the new cars, contact your agent at CO Insurance Specialist, serving Wheat Ridge, CO and the surrounding area. They will open a file for you, collect all the information needed and leave a blank space for the vehicle information with everything ready to go. You do not have to know what vehicle you will buy. Just go looking.

When you decide, place a call to your insurance agent. The agent will need to know the total purchase price, the year, model, and make, and the vehicle identification number (VIN). The insurance quote is calculated and the agent will fax or email a copy of the certificate of insurance to the dealer. Then, you can drive the vehicle off the lot with that certificate proving coverage.

This process is super easy if you simply take a moment to set it up in advance. For those who procrastinate, all the process, from start to finish, can be done over the phone if you are already at the dealership. Take a time out. Call your agent to get the coverage that not only protects the vehicle but also its driver and occupants.

Insurance Review

If you already have auto insurance and are thinking about getting another vehicle or making a trade-in, your agent can review all your existing insurance policies. It is a good idea to see if there should be some adjustments made to them. To get an insurance review and a quote, contact your agent at CO Insurance Specialist in Wheat Ridge, CO.

Classic car enthusiasts in the greater Wheat Ridge, CO area can rely on the team at CO Insurance Specialist for all of their classic car insurance needs. Of course, insuring a classic car is a different situation than obtaining a policy for a typical vehicle, and it’s important to know about the available options. Don’t miss out on finding the right policy for your needs, call us today!

How do you use your classic car? It can make a difference in choosing the right insurance policy

There are certain situations when it comes to classic cars that can affect your insurance coverage. For instance, if you keep your car stored in a temperature-controlled storage unit and only drive it to car shows, your insurance needs might be different from those of someone who keeps their classic car at home and drives it on a fairly regular basis. These are just two examples of the many considerations that go into protecting your classic car with the right policy. Owning a classic car is more than owning a vehicle. These cars are often major investments and therefore require a different type of insurance. Don’t wait to find out that your current policy is inadequate or that you are underinsured. Take the time now to prevent a future catastrophe! Working with an agency that understands the nuances of classic car insurance will help you find the policy that best meets your needs. 

If you want to learn more about the many insurance policies available to classic car owners in the greater Wheat Ridge, CO area we’re here for you. Call or stop by CO Insurance Specialist today and learn more about how we can help you find the right classic car insurance policy for your needs. 

As a driver in Colorado, you have a lot to enjoy. The gorgeous scenery can be very distracting as well as enchanting. Colorado does have laws about the amount of auto insurance that you are required to carry.  At CO Insurance Specialist in Wheat Ridge, CO we are proud to be able to offer not only information but an extensive choice of coverage from the best carriers in the business.

In Colorado, drivers must carry liability insurance to guarantee that if they have an accident where they are at fault, the other person will be covered. The minimum required is $25,000 for injury or death to a single person and $50,000 if more than one person is involved. The coverage of the vehicle or property must be $15,000. This certainly protects the other driver and their interests in the event of an accident but what about you and your vehicle? 

For vehicles that have a loan or are leased, collision and comprehensive insurance will be required. But even if you don’t have a lease or a loan, comprehensive and collision offer valuable protection. Most people need their vehicle to go about the everyday business of life, driving to work, errands, school, grocery shopping and so much more. In the event of an accident where you are at fault or an event that damages your vehicle, these two coverages will make sure that your vehicle is repaired or replaced so that life can go on as usual.

If you are looking to purchase your first auto insurance or if you would like to have us take a look at the coverage you do have, at CO Insurance Specialist in Wheat Ridge, CO we would be happy to take the time to recommend a policy to fit your needs. Stop by our office or give us a call for a no-obligation quote.