Like many people, you may loan out your vehicle from time to time to visit relatives or close friends. Before trusting others with your car, however, take time to review your auto insurance to ensure they’re protected by your coverage. You don’t want to be held responsible for damages if your relative or friend has an accident while driving your vehicle. In general, here’s how auto insurance from CO Insurance Specialist works to protect others who drive your vehicle.

Visiting Relatives

Visiting relatives are covered under your auto policy when occasionally driving your vehicle as long as they have a valid driver’s license and you’ve given them permission to drive your car. It’s important to be selective, however, in who you allow to drive your car. By sticking to safe drivers, there’s less chance of someone having an accident. You may also want to restrict their driving to safe areas in Wheat Ridge, CO to reduce the risk of accidents, theft, or vandalism.

Friends

Friends are also protected by your auto insurance as long as they have a valid driver’s license and permission to drive your car. It’s important to note that auto insurance follows the vehicle, not the driver. If your friend causes an accident while driving your vehicle, your insurance will pay for damages, which may affect your insurance costs. That’s why it’s important to be selective in who you allow to drive your car. 

Members of Your Household

All members of your household who have a valid driver’s license are protected by your auto insurance policy as long as they have permission to drive your vehicle. We recommend they be listed on your policy to receive the full benefits of your coverage. 

To learn more about auto insurance options and costs in Wheat Ridge, CO, call or visit CO Insurance Specialist today. 

If you are the owner of a classic car, you need to buy a special kind of insurance known as classic car insurance. At CO Insurance Specialist, we offer classic car insurance to vehicle owners in Wheat Ridge, CO.

The following are three things that you should know about classic car insurance in Colorado.

Classic car insurance is designed for a vehicle that will hold its value.

There are several things that are unique about classic cars in comparison with standard automobiles when it comes to insurance policies. For one thing, classic cars tend to hold their value and not depreciate in value the way that standard vehicles do.

Therefore, classic car insurance policies often are based on an agreed-upon value rather than actual market value. That’s because classic cars depreciate little over time and may even increase in value.

How often you drive- or if you drive- your classic car will influence your policy.

Classic car owners don’t drive their vehicles as often as they would a standard vehicle. The less you drive your vehicle, the less expensive it is to insure.

Your insurance company is going to want to know if you drive your classic car often. You might not drive your classic car at all but only tow it to classic automobile shows. Vehicle usage will impact your policy terms and premium. 

Classic car owners sometimes opt for zero deductible policies. 

Zero deductible policies are often available for classic car policies. If you want a zero-deductible policy, ask your insurance provider about zero deductible classic car policy options. 

Are you ready to find the right classic car insurance policy for your needs? If so, it’s time to get in touch with us at CO Insurance Specialist. Contact us and we’ll answer all your questions about classic car insurance in Wheat Ridge, CO. 

Those that live in the Wheat Ridge, CO area will have access to many great local amenities including the city of Denver and the nearby mountains. When you are living here, owning a car will make it much easier to get to all of these great destinations. Along with getting a car, you also need to get a proper auto insurance policy. There are several reasons why someone here needs to get this coverage.

Insurance is Required by State Law

One reason that people here will need to get an auto insurance policy is that it is required by state law. In Colorado, anyone that wants to drive a car on a public road is required by law to carry liability auto insurance at all times. This law wants to ensure that you have the capacity to pay for any damages that may be caused in an accident. If you do not have this coverage, you could be penalized. 

Insurance Required by Lender

Many people that purchase cars do so with the use of an auto loan. When you take out an auto loan, the lender will have insurance requirements that need to be met to protect their collateral. Usually, you will need a full policy with collision and comprehensive coverage. 

It is clearly important that anyone in the Wheat Ridge, CO area get proper auto insurance. If you are looking for a new auto insurance policy here, you should make sure that you speak with someone that can give you proper guidance. The team at the CO Insurance Specialist can help you build and choose an appropriate policy. The team at CO Insurance Specialist is able to do this by helping you understand all of your options and needed and building an appropriate policy accordingly. 

 Based in Wheat Ridge, CO, CO Insurance specialist serves the community by offering residents multiple types of insurance policies. We take pride in offering our clients excellent customer service. We want to help our clients find policies that will enable them to take care of what matters most. As an independent agency, we offer our clients a wide variety of options.

Condo Insurance

If you are staying in a Wheat Ridge, CO condo, condo insurance allows you to protect your personal items if you are a victim of theft. The policy also covers any damages to your unit’s structure; including the ceiling, floors, and walls. Make sure that you take inventory of the personal items inside of your unit to help receive a fair assessment of their value. This is important because you will have a foundation in place to rely on if your belongings are stolen. While you are researching different policies, avoid these common misconceptions about condo insurance.

Remember that everything that you own has some type of value. Many people make the mistake of thinking that condo insurance isn’t necessary because they don’t have any valuable items. Accidents can happen at any time, and a condo insurance policy will cover you if an accidental fire starts or a flood damages your stuff. The policy acts as a safety tool in case a disaster arises.

Perhaps you have heard that condo insurance isn’t necessary because you have coverage through the building’s owner. This is also a mistake to avoid. If something were to happen inside your unit, you may be held liable for the losses if you don’t have coverage. This is especially true if you invite someone else over and they get injured while visiting your unit.

CO Insurance Specialist Proudly Serves The Community

Visit our website today to learn more information about condo insurance.

If you are in the Wheat Ridge, CO area, and love cars, there is a good chance that owning a classic car is an ultimate dream. With a classic car, you can have a prized possession that you are proud of while also making a unique investment. To ensure that you are as protected as possible, you should get a classic car insurance policy. These insurance policies can protect someone in a number of ways. 

Provides Liability Coverage

One way that your classic car insurance policy can protect you is by providing liability coverage. Similar to any other type of car, those that own a classic car are obligated to carry liability insurance. However, classic car owners tend to drive far less and therefore are lower liability risks. A classic car insurance policy will properly reflect this reduced liability risk, which could be advantageous compared to a standard auto insurance policy.

Covers Vehicle Value

Another advantage of a classic car insurance policy is that it can properly protect the vehicle’s value. A classic car can appreciate in value over time, which is compared to standard vehicles that tend to lose value. When you get a classic car insurance policy, you can work with the provider to ensure the collectible value of the vehicle is properly reflected. 

Ultimately, a classic car insurance policy can provide you with amazing protection and benefits. When you are looking for insurance in the Wheat Ridge, CO area, you should reach out to the CO Insurance Specialist. When you speak with the team at CO Insurance Specialist, you can learn a lot more about how this insurance will protect you. This can help to ensure that you and your classic car are properly covered by insurance at all times. 

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.