CO Insurance
Specialist Blog

It can be exciting for Wheat Ridge, CO drivers hopping behind the wheel of their new car, ready to hit the road. Maybe they’re just getting their license or maybe they’re buying their own new car. Either way, the most important thing for new drivers to do is to get insurance. Of course, many new drivers may be unfamiliar with auto insurance and how they can be covered with it. Luckily, the experts at CO Insurance Specialist has put together a handy guide that explains the auto insurance basics that every new driver should know. Learn the in’s and out’s of auto insurance with CO Insurance Specialist. 

What Does Auto Insurance Cover? 

In a nutshell, auto insurance provides financial coverage in the event that you get into an auto accident. If you’re unfamiliar with auto insurance protection, here are some areas in which auto insurance provides coverage: 

• Liability 
• Injury
• Property Damage
• Repair Costs
• Comprehensive Coverage

These are just some of the areas in which you can receive coverage from auto insurance. The specific type of coverage and the amount of coverage you can receive will depend on the auto insurance policy you choose. To find the right auto insurance policy for you, visit CO Insurance Specialist for a consultation. 

Why Is Auto Insurance Important?

If you’re a new driver, then auto insurance should be the most important thing. Life is unpredictable and accidents can happen anytime and anywhere. Nobody ever wants to plan for an accident, but it’s always better to have coverage and never need it than it is to never have coverage and find yourself needing it. Plus, having insurance takes the stress out of worrying if you’re covered financially in the case of an accident. 

Get Covered with CO Insurance Specialist

When it’s time to get an auto insurance policy, visit the experts at CO Insurance Specialist. Their office proudly serves the Wheat Ridge, CO area. 

For over 30 years, CO Insurance Specialist has assisted the Wheat Ridge, CO community by offering multiple insurance policies. We are committed to providing excellent customer service to our clients. As an independent insurance agency, we are able to offer our clients a wide variety of options so that they can find the right policy for their situation.

Classic Car Insurance Misconceptions

Downtown Denver hosts multiple classic car shows during the summer. If you are a classic car owner, it’s important that you protect one of your most valuable possessions. While you are researching different coverage options, be aware that there is a lot of misinformation regarding classic car insurance being spread.  

Classic Car Policies Work The Same As Standard Policies

This is incorrect. Classic car insurance policies take different factors into consideration, including the number of times you drive the car during a calendar year, whether the car is primarily used for display at car shows, as well as storage and depreciation variables. A comprehensive policy for a classic car is more sophisticated than a traditional car insurance policy.

The Policy Only Applies To Antique Cars

This is a common misconception. You do not have to own a car from the 1940s to receive coverage. Cars that are 25 to 30 years old fit the criteria to be called classic cars. In addition to classic cars, classic motorcycles, street rods, tractors, and custom cars qualify for the policy.

Getting Coverage Is Complicated

Getting coverage is fairly simple. As long as your car is over 25 years old, primarily kept in storage, and driven on a limited basis, you should qualify for coverage. However, you will have to get your vehicle appraised to determine its actual value.

CO Insurance Specialist Will Help You Protect Your Asset

Stop by our office in Wheat Ridge, CO and we will help you find the classic car coverage that you are looking for.

The stress of being involved in a car accident might be massive. It may be even more terrible if you find out that you do not have the right auto insurance and you are not covered the way you expected. In order to help you avoid such an unfortunate situation, CO Insurance Specialist serving the clients in Wheat Ridge, CO has prepared the list of mistakes you should not make when shopping for auto insurance: 

Choosing Small Deductibles

Many people choose small deductibles in order to save money. However, in reality, a car insurance policy with higher deductibles has proven to be more cost-efficient due to lower premiums. 

Not Doing Thorough Research

Many people underestimate the importance of thorough research when shopping for auto insurance. Instead, they buy the first policy they come across. Do not make the same mistake and make sure you invest enough time to study and understand the features and offerings of the policy. 

Not Reading The Policy Documents Carefully 

Another mistake many policyholders do is not reading the policy documents before signing them. As soon as you have the documents in your hand, make sure you check carefully all the information and personal details, including inclusions and exclusions of the policy, your name, vehicle number and model, no claim bonus, and others. 

If you are a resident of Wheat Ridge, CO and you are struggling to find a good auto insurance plan for your car, do not hesitate to contact CO Insurance Specialist. One of our experienced agents will be happy to assist and help you find perfect insurance coverage based on your needs, preferences, and budget. 

Your condo insurance company can’t cover you if they don’t know what they’re covering.

Problem is, it doesn’t make a lot of sense to call your agent up every single time you buy a new video game, every single time you pick up a few new coffee mugs, and every time you buy a pack of socks. These five, ten, fifty dollar purchases don’t necessarily justify a call to your insurer every single time you come home from the store or find a new package in your mailbox.

So here’s our advice: Go ahead and update your inventory at the following intervals-

• After every major purchase (new fridge, TV, sofa, jewelry, etc.), and
• Once every six to twelve months.

On both points, you’ll want to use your own judgment. If you bought a $50 TV used on Craigslist for the guest room, maybe you’re not that worried about it. Every six months sounds good in theory, but if it’s been a slow six months for new purchases, you might not have much to update in the first place.

To get an idea of whether it’s time to update the inventory, take a look at the copy you keep for yourself and ask yourself if anything’s missing. If we called our insurance agents every single time we made a new purchase, we’d never get off the phone, but you don’t want to find that your policy only covers half of your Blu-ray collection.

If you’re still looking for an insurer for your Wheat Ridge, CO condo, get in touch with CO Insurance Specialist through our website or by phone CO Insurance Specialist can help Wheat Ridge, CO condo owners get the coverage they need.

There’s just nothing like a classic. Whether you own an old 50s pickup or a 70s muscle car, there’s something about the look and feel of a classic automobile new vehicles are not able to replicate. When living in Wheat Ridge, CO you probably don’t drive your classic every day of the week. In fact, it may be something you only take out on special occasions. But whatever you do with your classic car you’ll want to protect it and do what you can to make sure it’s looked after. Our staff at CO Insurance Specialist are here to help you do just that. 

What Does Classic Car Insurance Cover

Your driving habits with a classic car are a bit different from other vehicles. You probably only drive it a few dozen times a year. Classic car insurance will protect your vehicle during these times. It will also protect your vehicle while it is in storage. In reality, it probably is in storage for longer than it is on the road, which is why this is so important. 

Classic car insurance will also help cover any repair costs. Finding replacement parts can be a challenge, but with the right insurance coverage, it is a bit easier. Our insurance company can also help connect you with exceptional classic car mechanics. 

Protect Your Classic Car

Your classic car is your baby. It’s also something that is not easily repaired or replaced. Finding replacement parts is tricky enough, let alone a mechanic who is able to assist you with repairing it. Thankfully, with classic car insurance it is a bit easier. So if you live in greater Wheat Ridge, CO and are shopping around for classic car insurance our team here at CO Insurance Specialist can help. 

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.