Common Commercial Insurance Exclusions

Posted on June 29, 2022June 21, 2022 by agentinsure

Commercial insurance is a worthwhile investment that cushions your Wheat Ridge, CO business against perils like fire, theft, liability claims, etc. While your business insurance may come to your rescue in many times of need, sometimes it can fall short. Standard commercial insurance from CO Insurance Specialists may not help you in the following circumstances:

Flooding

Just like typical home insurance, business insurance doesn’t cover flooding. However, you can purchase a stand-alone flood insurance policy from the National Flood Insurance Program (NFIP) or private carriers.

Earthquakes

If you have commercial property insurance, it’s unlikely to protect your assets from earthquake damage. Luckily, you can purchase an earthquake rider to bridge the gap.

Intentional acts

Commercial insurance won’t protect you if you commit willful damage or negligence. For instance, if you made a false statement against a competitor when you knew it wasn’t true, your insurer may not come to your rescue when sued for libel.

Criminal acts

If you or one of your workers break the law, don’t expect your insurer to bail you out. Unless you have fidelity insurance, your standard commercial insurance policy won’t protect you when your employee commits forgery, theft, and other crimes.

Risks above your coverage limit

Your business insurance will cover you up to the coverage limit. You will have to cover the difference from your pocket, something very common in liability coverage. The good thing is that you can avoid this trap by purchasing sufficient business insurance. Also, you can consider add-ons like umbrella insurance to boost your general liability insurance.

Commercial insurance in Wheat Ridge, CO

Do you want to learn more about commercial insurance? You are in the right place. Please call CO Insurance Specialists or visit our office to speak to one of our agents.

Classic Car Insurance FAQs

Posted on June 21, 2022June 21, 2022 by agentinsure

Do you own a classic car like a 1964 Ford Mustang? Then it would be best if you had classic insurance. Are you confused about classic insurance? Well, you are not alone. Most people don’t differentiate between classic insurance and standard car insurance. So, if you own a classic car, you must understand that this insurance protects your classic in case of an unfortunate accident. CO Insurance Specialists have prepared some of the frequently asked questions about classic insurance to shed some light.

Is my car eligible for classic insurance?

For your car to qualify for classic insurance, it must be twenty-five years and above. So, your daily drive may not be eligible.

What is the agreed value?

Unlike other standard cars, classic cars appreciate. So, in this case, the actual value can’t work. In this case, you and your insurer agree on the value of the car when stolen or damaged.

Is classic car insurance expensive?

Surprisingly, classic car insurance is cheaper than standard auto insurance. The premium is affordable because you don’t drive it daily, making the risk minimal.

Is classic car insurance a requirement?

Yes, in Colorado and most states, you must show proof of insurance while on the road with your classic car. Remember, your classic vehicle poses the same risks as other standard motor vehicles.

What are the classic insurance coverage options?

The classic insurance coverages are similar to those of typical car insurance. Some of the coverages include:

Lability coverage
Collision and comprehensive coverage
Uninsured/underinsured motorist coverage
Roadside assistance
Medical payments

Classic car insurance in Wheat Ridge, CO

Since classic cars are extraordinary and unique, they require a special insurance policy. But if you are still unsure about classic car insurance cover, talk to us at CO Insurance Specialists for more insights. Ready to protect your pride? Call us today if you live in Wheat Ridge, CO, and preserve your classic vehicle.

Tips for making your home a safer place

Posted on May 30, 2022May 23, 2022 by agentinsure

Making your home a safer place can mean different things to different people. It can be making sure that the house’s interior is safe from things that can endanger the occupants, or it can be keeping it safe from things outside your home or even a combination. At CO Insurance Specialists in Wheat Ridge, CO, we help our customers understand the coverage they have with their home insurance and make sure it is precisely what they need.

Add a home security system.

It has never been easier or less expensive to have a home security system. Many of them are easy to install in only a few minutes, and they allow you to monitor your home 24/7 from wherever you are with your cellphone. You can opt for monthly monitoring or not. You will never wonder who is at your door again.

Add and use deadbolts.

If you don’t currently have deadbolts on your home, you should. Not only should you have them, but you also need to use them every day.

Use window locks

People forget that windows have locks, and intruders often find their way in through either left open or left unlocked windows.

Cut back high bushes.

Keep the bushes close to your home small. You don’t want to give an intruder anyplace to hide.

Use motion-activated lights

Place motion-activated lights so that if anyone approaches any of the doors on your house, they will turn on. It may be annoying because any animal who crosses the path can turn it on, but it is worth having the light you need.

Contact CO Insurance Specialists in Wheat Ridge, CO on the phone, at our office, by text, video chat, or email for all of your home insurance needs.

Why basic auto insurance may not be the right choice

Posted on May 18, 2022May 18, 2022 by agentinsure

Basic insurance is the minimum amount of coverage you can have legally to drive a vehicle in a given state. In Colorado, that is 25/50/15. Other states have other amounts. While this may be the perfect coverage for some people, it isn’t suitable for everyone. For those who live in or near Wheat Ridge, CO, CO Insurance Specialists has an experienced team who is happy to provide the information you may need to determine if basic coverage is right for you.

With basic insurance, other drivers are protected from you. If you are the responsible driver in an accident, you will pay for medical bills and damage to the other vehicle. But it doesn’t do anything for your car. You will be left to pay for any repairs yourself.

If you have an auto loan or are leasing a vehicle, you will need to have insurance to protect your vehicle, which the loan company or the lessor has an interest in.

But what about your vehicle if you don’t have a loan or lease? Do you count on your vehicle for your activities of daily life? Most people do. If you had an accident or were the victim of a hit and run, would you be able to pay for the repair? If your vehicle was stolen, would you have the money to replace it?

Collision coverage provides the money you need to repair or replace your vehicle if damaged in an accident. Comprehensive coverage covers you for vehicle theft and other things other than an accident that can damage or destroy your vehicle. It includes glass coverage as well. Most coverage will require that a deductible be paid.

Contact CO Insurance Specialists in Wheat Ridge, CO when you need to make some auto insurance decisions.

Does everyone need auto insurance in Colorado?

Posted on April 28, 2022May 5, 2022 by agentinsure

Anyone that lives in the Wheat Ridge, CO area will want to know that they have an efficient way to get around. Owning a vehicle can ensure you can get around and enjoy all that the community offers. If you purchase or lease a vehicle, getting auto insurance will be a necessity. There are various reasons why this coverage should be considered necessary.

Mandated as Legal Requirement

Anyone in this part of Colorado will need auto insurance because it is mandated as a legal requirement. If you are going to drive any vehicle in this state, you need to meet the set insurance standards. This will typically require that you at least have liability coverage. If you have leased the vehicle or taken out a loan, the financing company will also require collision and comprehensive protection.

Protect Investment

You also should get an auto insurance plan to ensure you are protecting your investment. If you choose to buy a car, you will want to use it for a long time. A great way to protect this is by getting an auto insurance policy that has full coverage. In this situation, you will have support if your car is damaged or stolen.

If you buy a car when you are in the Wheat Ridge, CO area, you will want to know that you are adequately insured. The professionals with the CO Insurance Specialist can offer any support needed to build your next insurance plan for your car. If you call the CO Insurance Specialist, they can provide a personalized assessment that will also ensure you are aware of all needs and coverage options.

Are There Additional Homeowner’s Insurance Coverages I Should Get?

Posted on April 15, 2022May 5, 2022 by agentinsure

You may be glad you have a homeowner’s insurance policy that protects your home from unanticipated problems, such as a fire or a theft of your belongings. You may feel even better if you find out about the additional coverages you may need since a standard policy may not give you the compensation you deserve if you have a problem.

You may need information about extra content coverage, personal property extensions of coverage, flood insurance, and earthquake insurance. The CO Insurance Specialists in Wheat Ridge, CO could be the insurance company that helps you with these additional items because they care about giving you the answers you need because you need this to protect your most expensive asset. Call them today to get the help you need with your policy.

Additional Contents Coverage

You can increase the coverage amount of your belongings if you need this additional coverage. Usually, your policy will give you content coverage that is a percentage of the value of your home. For example, 50 percent coverage of contents will protect your belongings with an amount equivalent to half of your home’s value.

Personal Property Extensions of coverage

You may need additional coverage for specific types of your belongings, such as jewelry and computers.

Flood Insurance

If you live in a flood-prone area, you may need flood coverage. This is an additional type of insurance that would need to be added to your homeowner’s policy.

Earthquake Insurance

Your insurance company offers an earthquake policy that will protect you if an earthquake damages your home for an additional premium.

Call CO Insurance Specialists in Wheat Ridge, CO today to get the help you need with your policy and additional coverages.

What Are the Benefits of Having Commercial Insurance?

Posted on March 31, 2022April 12, 2022 by agentinsure

As a business owner, you know that protecting your investment is important. But what does commercial insurance do for you? This blog post will explore the benefits of having commercial insurance for your business.

1. It Can Help You Recover From Unexpected Events

No one can predict when an unexpected event will occur, but you’ll be prepared for the unexpected with commercial insurance. Whether your business is damaged in a fire or you’re sued for negligence, commercial insurance can help you recover. However, it is essential to note that not all commercial insurance policies are created equal. Please make sure you understand what your policy covers before you purchase it.

2. It Can Give You Peace of Mind

As a business owner, you have enough to worry about without having to stress over whether your business is adequately protected. With commercial insurance, you can rest assured knowing that your business is covered in the event of an accident or disaster.

3. It Can Help You Attract and Retain Customers

Customers are more likely to do business with a properly insured company. If something goes wrong, they’ll know that they’re protected. This can give you a competitive advantage and help you attract and retain customers.

4. It Can Help You Protect Your Employees

Your employees are your most valuable asset, and you want to do everything you can to protect them. Workers’ compensation insurance can help cover their medical expenses if they’re injured on the job. This type of insurance can also help you avoid lawsuits.

5. It Can Help You Save Money

You may think that commercial insurance is expensive, but it can save you money in the long run. If you’re adequately insured, you won’t have to worry about paying for damages or medical expenses out of pocket.

Commercial Insurance in Wheat Ridge, CO

There are many benefits to having commercial insurance for your business. Whether you’re just starting or you’ve been in business for years, it’s never too late to get insured. Contact CO Insurance Specialist in Wheat Ridge, CO today to learn more about your options.

Is your classic car insurance sufficient?

Posted on March 18, 2022March 18, 2022 by agentinsure

Wheat Ridge, CO area car enthusiasts are fortunate to have the CO Insurance Specialist team available to help them with all of their insurance needs. We are here to help you make sure that your classic car has the right policy protecting it.

Owning a classic car is a commitment

Anyone who owns a classic car understands that it’s not a hobby. It is a commitment. And, there is typically a lot of financial investment that goes along with owning this type of vehicle. Because of this, you want to make sure that your classic car policy provides the coverage that you need.

There are a number of different factors that can impact your decision when you are selecting your policy:

How often do you drive the vehicle?
How far is it driven?
Do you store your car at home or off-site?
Is it stored in a temperature-controlled area?

These are just a few of the questions that you should review with your insurance agent. Depending on your answer to the above queries, your insurance needs may be different than what you expect.

Owning a classic car is a serious joy, and with that joy comes a strong sense of responsibility. You want to make sure that your vehicle has the necessary coverage in place now and for the foreseeable future. Now is a perfect time to review your classic car policy.

We are here for you!

If you live in the greater Wheat Ridge, CO area and own a classic car, it’s time to get to know the CO Insurance Specialist team. We are here to help you find the right policy and protection for your classic call. Give us a call today and set up your consultation. We look forward to working with you!

3 Ways to Make Your Home Greener

Posted on February 15, 2022January 30, 2022 by agentinsure

There are numerous ways in which you can create an eco-friendly home in Wheat Ridge, CO. Some ways are easier than others. However, if you are interested in sustainable living and going green, you will want to speak to an insurance agent at CO Insurance Specialist to ensure you are properly covered based on the changes you make. In the meantime, here are a few ways you can make your home greener.

Switch Out Incandescent Lights with LEDs

Who doesn’t like to save money? Well, you can save money on your utility bills while also saving the environment. LED lights tend to use approximately 75 percent less energy and can potentially last up to 25 times longer. To make things even more efficient, install motion sensors or automatic timers to ensure you don’t use the lights more than necessary.

Install a Smart Thermostat

With the installation of a smart thermostat, you can save money by heating and cooling your home while also reducing your energy emissions. You will want to create a schedule for your smart thermostat so it will operate accordingly. You can set it so that the thermostat kicks off in the morning when you leave for work and comes back on about an hour before you should arrive home. You can also set the thermostat to reduce its temperature at bedtime. Did you know if everyone were to use a programmable thermostat, it would be possible to offset about 13 billion pounds of greenhouse gases annually?

Use More Cold Water

A significant portion of your home’s energy goes toward heating water when you wash your clothes in hot water. You can reduce your energy use by 50 percent if you switch to warm water. However, if you want to save even more energy and money, switch it to cold water. Instead of using your dryer, opt to hang your clothes up to dry.

When you make technological upgrades to your home in Wheat Ridge, CO, reach out to CO Insurance Specialist to ensure they are covered by your home insurance policy.

A Brief Guide to Classic Car Insurance

Posted on February 7, 2022January 30, 2022 by agentinsure

If you own a classic car in Wheat Ridge, CO, you know there isn’t much that can compare to taking it out on a nice afternoon for a ride that turns heads. Whether you own a classic car or are considering purchasing one, it is important to understand that these vehicles require a different type of insurance policy than the standard automobile. CO Insurance Specialist shares a few things you should know about classic car insurance.

How Do You Become Eligible for Classic Car Insurance?

Most auto insurance companies have a specific list of requirements to be able to insure a classic car. Though there isn’t usually a minimum value requirement, it is stipulated that a vehicle is worth more currently than when it was originally made. Further, the vehicle usually needs to be at least 10 years old.

Insurance companies will also take into consideration the condition of the vehicle. It should be running (or close to it) and in good shape overall. The vehicle is required to be stored indoors and maintain low mileage. There will generally be a set number of miles that the vehicle can be driven each year.

What Is the Difference Between Standard and Classic Auto Insurance?

Both standard and classic auto insurance offer the main types of protection, such as collision, comprehensive, and liability. Classic car insurance simply takes things a step further based on the very unique needs of older vehicles.

For instance, it will take into account the higher costs of a collision, as classic models will typically cost more to repair due to the need for rare mechanical skills and lack of available parts.

Classic car insurance is designed specifically for the higher expenses and needs of a vintage or antique car.

If you have any questions about classic car insurance in Wheat Ridge, CO, contact the professional agents at CO Insurance Specialist.

HOW CAN WE HELP YOU?

CO Insurance Specialist

CO Insurance Specialist Blog