3 Amazing Facts About Umbrella Insurance

Umbrella insurance is usually an essential extra type of liability insurance which you can use to insure your automobiles, home, and business in Longmont, CO,. 1st American Insurance Agency umbrella cover will cater for the extra liability claims that may arise in case you incur a liability claim that exceeds your normal liability policy. 

Without umbrella coverage in Longmont, CO, you risk losing everything that you have worked hard to gain including your assets and your retirement savings. Examples of specific circumstances covered by umbrella coverage include lawsuits, property damage, and personal injury. Below are three incredible facts about umbrella insurance cover that you need to know.

Umbrella Insurance Protects You Against Liability Risks

Risks will always be around you no matter the kind of life you’re living. Your puppy can bite your guest, or your neighbor’s child can drown in your swimming pool. If such occurrences happen, the liability claim of the victim can exceed your standard policy’s limit calling for extra coverage. This is where the umbrella insurance comes in and protects you against such catastrophic scenarios.

Without Umbrella Insurance, You Can Lose Everything

Think about this scenario; you get involved in a car accident, and the other driver is severely injured which results in a lawsuit. The injured driver wins the case, and the court awards a compensation totaling to about $500,000. Unfortunately, your auto insurance policy can only pay a maximum limit of $300,000. Where do you get the extra $200,000 if you don’t have an umbrella cover? It will mean you sell some of your valuable assets to raise the extra amount of money.

It is Cheap

Most insurance companies charge an average amount of $250 a year for an umbrella policy which covers millions of dollars in excess liability each year. As such, you are adequately covered at a low cost.

Are you looking for the umbrella insurance cover? Contact 1st American Insurance Agency today for your policy.



Getting Ready for a Trip? Get RV Insurance

If you’re going on an RV trip, you obviously want to pack essentials and inspect the RV. However, you may be overlooking one essential that could end up ruining your trip–insurance. Insurance from 1st American Insurance Agency, serving Longmont, CO and the surrounding area, protects you in the event you get pulled over, and it can prevent your trip from getting ruined as a result of a minor fender bender.

1. Inspect Your RV

Make sure you look over every area of your RV including under the hood. Make sure the engine sounds normal when you rev it and that your tires are holding area properly, just to name a few aspects to check. Always pack jumper cables, a jack and a spare tire.

2. Learn About Your Electrical Load

Always make sure you know how much electric you can run in your RV. You may want to label the amps that each one of your appliances draws to help you develop an understanding of what you can run at one time and how much is too much.

3. Pack Extra Essentials

Pack a box that has essentials in it in case you should happen to get stranded somewhere without a way to get to the store. Always have spare water, food and toilet paper. If it’s cold outside, always have an extra jacket and a blanket. Just in case you should happen to get stranded away from an electrical supply, always have spare flashlights. Make sure you charge your phone every time you have electric going to your RV.

4. Get Insurance

If you don’t already have a recreational vehicle insurance policy, make sure you get one before heading out onto the road. You don’t want to take any risks.

Contact 1st American Insurance Agency, serving Longmont, CO and the surrounding area, by calling 303-996-5096 today to get a policy.

Can I get insurance to cover my business if we have an emergency and the business is closed?

Your business is your most important investment, and your livelihood is tied up in it. You plan to work hard and make a profit so you can support yourself and your family, and you make plans to take care of any problems.

However, sometimes there are problems which are completely beyond your control, that could force your business to be closed. Closing for a few minutes or hours can have in impact on your customers, but some emergencies such as a fire or natural disaster could cause your business to be closed for a much longer time.

You will still be paying for all your normal expenses, unless you can get a break. That means you are paying rent or mortgage, utilities, and even salaries while your business is closed and you aren’t earning money. What can you do to protect yourself?

If you have a business in Longmont, CO, you can talk to the agents at 1st American Insurance Agency about getting a policy to cover your business in case of a closure. If you don’t protect yourself ahead of time, a long closure could have a permanent detrimental effect on your business.

Business interruption insurance can cover your operating expenses, and you can choose wage replacement as an option to make sure that your loyal employees are take care of during this hard time. You may qualify for a policy no matter what the size of your business.  Even home-based businesses may be eligible for business interruption coverage.

Nobody can predict a real emergency, and you can get peace of mind if you know you are covered. Call 1st American Insurance Agency in Longmont, CO today to discuss your options. 

Buying Tips for Motorcycle Insurance

Every year, thousands of claims are filed due to motorcycle accidents. No matter how safe of a rider you are, you can’t control the actions of others sharing the road. This is why reliable motorcycle insurance is so paramount. Longmont, CO motorcycle riders must consider the following before securing a new motorcycle insurance policy.

Bundle Discounts

Your insurance agent can help you look into whether bundling your automobile and motorcycle insurance can save you money on premiums. Also, check with any motorcycle associations you are a part of since they typically offer discounts on insurance coverage.

Motorcycle Insurance Savings

You can be proactive as a way to save money on your motorcycle insurance policy. For instance, an insurance provider may give discounts to those who have completed a safe rider training course. The insurer may also take your clean driver record into consideration.

The way you care for your motorcycle will also have a direct effect on your insurance rates. For instance, your provider may lower the cost if you have an alarm installed on your motorcycle or if you store the bike in a garage.

Know Your Options

Although each insurance company is different, many will offer three levels of coverage for your motorcycle: liability, economy, and comprehensive. With liability, it covers any damage to a person and/or their vehicle if you’re the responsible party in an accident. Economy includes liability coverage and will also protect you against theft. Comprehensive will include all of the above along with collision insurance to protect you and your motorcycle in the event of an accident.

Residents in Longmont, CO and surrounding areas can contact 1st American Insurance Agency for assistance with securing a motorcycle policy within your budget. Give our friendly agents a call today at 303-774-8810.

What to Do if Your House has been Robbed

No one wants to come home to see their front door ajar, and their home in shambles because a break in. Unfortunately, there are approximately one burglary every 15 seconds. If a homeowner encounters this situation, they should not panic. While this may be an automatic response, it is best to remain calm and take the proper steps to handle the situation. 

Contact the Police 

Before moving anything, touching the door or anything else, the homeowner needs to contact the local, Longmont, CO police department. Keep in mind, the best chance the police have to catch a burglar is to find evidence they left behind in the home. If the homeowner begins moving things or cleaning up, they may accidentally destroy extremely helpful evidence. 

While it may be difficult, it is best to take a step back and let the police come and do their job. Once they are through with their investigation, make sure to get a copy of the report to give to 1st American Insurance Agency when making a claim. 

File a Claim with the Insurance Company

Once the police have done their work, it is necessary to contact the insurance company and file a claim. In most cases, they will need certain information from the homeowner, such as what was taken, a copy of the police report and any other pertinent information. This is necessary to help ensure that a homeowner is able to recoup all their losses after the break-in. 

There is no question that having a home robbed can be an extremely difficult situation. Not only is it scary, it can also be quite emotional. Knowing what to do is the best way to handle the situation. While calling the police is an important first step, it is also necessary to file a claim with the insurance company. For more information about handling a robbery situation, contact the staff at 1st American Insurance Agency serving Longmont, CO for more information. 


Should You Choose A Higher Or Lower Deductible For Your Auto Insurance?

When it comes to having the right protection you should always choose the option that best suits your needs. For many, there is a question about the amount of the deductible during a covered event. If you are not sure how the deductible works, here are a few important things to know to help you make an informed decisions.

Lower Deductible, Higher Premium

If you are tempted to go with the lower deductible, you may not realize that you are still going to have to make up the difference in the form of higher premiums. If you are on a tight monthly budget, you might want to opt for a higher deductible so you don’t have to pay as much up front. Keep in mind, however, if you do experience a covered event, you are going to need to meet the deductible amount before the insurance is going to cover expenses incurred as a result of a claim.

Are You Financing?

If you are financing your vehicle, you should consider going with the lower deductible and paying the higher premium up front. It will make it easier for you to have the vehicle repaired and allows you to feel more secure in the event of an accident. This is especially true is there are extensive damage and medical bills. Most people who have full coverage for newer vehicles should opt for maximum coverage as well as the lower deductible to ensure they can have the least amount of issues on their end during a claim. If you live in Longmont, CO, 1st American Insurance Agency can help you determine which situation best suits your needs. 

Before making a purchase for insurance products, make sure you know whether or not you want a lower deductible. For people living in or around Longmont, CO, 1st American Insurance Agency invites you to call or stop by for more information and answers to your insurance questions.



Protect your recreational business from various risks and liabilities

Just like any other business, you have to protect your recreational business. A recreational business is any place where people engage in fun activities such as sports and fishing among others. In most cases, people think that it is the clients who should have this insurance cover, but that is not the case.

As long as people are on your site, you have to protect them. You have to ensure the gaming machines and equipment are in good shape to avoid any injuries. Also, you have to make sure that your employees are very keen to notice any dangers in the field. Keep in mind that most people who will be engaging in sports activities are kids and thus they can get easily injured if not monitored.

However, as much as you are careful, some accidents may happen without you noticing, and unfortunately, you get sued. What will you do then? Use all your revenue to defend yourself in court? That should not be the case. A recreational insurance policy from Longmont, CO, 1st American Insurance Agency can go a long way in helping you save your business.

We have been offering this policy for a couple of years, and that has given us the experience and know-how of what you need. Therefore, if you are in Longmont, CO, we urge you to visit our offices so that you can understand the policy in detail. But, once you visit our offices, we will analyze your business and advise you accordingly.

We as the 1st American Insurance Agency, offer you two different coverage options namely:

 Vicarious Liability

With this policy, we protect your employees if they are sued for negligence. Also, it protects any volunteers in your site if they are found liable for any negligent acts.

 Occupier’s Liability

Occupier’s liability protects you as the owner of the recreational business. If someone gets injured while in your property, the court will require you to pay for the medical expenses. With this policy, all the expenses are catered for.

For more information, please feel free to contact us.



How Umbrella Insurance Protects Your Assets

Your business is booming, your stocks are on the rise, your Longmont, CO custom home is almost paid off, and your daughter has received a full scholarship to an Ivy League School. Life is good. It’s too bad someone had an accident in your pool during your daughter’s graduation party. After the resulting lawsuit is settled, you find you’ve been wiped out financially and now your assents are gone and your net worth looks the national debt. How can you avoid financial ruin? One of the most effective ways to protect your assets from a costly settlement is by purchasing an umbrella insurance policy.

There are endless ways you can end up on the losing end of a catastrophic lawsuit. While these aren’t common events, they do happen often enough that if you have more to lose above and beyond your basic home or auto liability limits, you should take steps to protect yourself against large lawsuits. Here’s an overview from 1st American Insurance Agency to help you learn the basics.

What Is Umbrella Insurance?

An umbrella policy is a higher dollar insurance policy you can purchase in million dollar multiples. It is structured to kick in when home, automobile, or boat’s primary coverage is used up and gone beyond their policy limits. The policy’s sole function is to protect you against large lawsuits that result from events that lead to personal injury, bodily injury, or property damage. Additionally, most umbrella policies will also cover lawyer’s fees and other legal expenses.

Prime Risk Factors

There are some factors that are a good indication you should consider purchasing umbrella insurance, including:

  • You have a pool or frequently entertain at your home.
  • You allow people to stay at your vacation home without supervision.
  • There is a driving teenager in your home.
  • You frequently conduct business from home.
  • You have a family dog.
  • Boats, motorcycles, ATVs and other adult toys are on the property.
  • You own rental properties.

Working with a property casualty specialist is the best way to determine what the appropriate umbrella coverage is for your unique situation. In today’s litigious society you could find yourself on the bad end of a lawsuit for a variety of reasons. Call 1st American Insurance Agency today to find out how an umbrella policy can give you some peace of mind.


The Advantages of Commercial Insurance

It is necessary for any business that has employees to have some insurance coverage as it is a requirement by law. Companies normally just get the bare minimum coverage such as unemployment and workers’ compensation insurance. It is prudent, however, for enterprises to have additional covers so that they can guarantee the safety of various aspects of your business. Different types of insurance coverage that can safeguard your company from financial losses, accidents, damages, negligence and malpractice claims, general liability, professional liability, product liability, and commercial property insurance are among those additional packages that provide these services individually or as part of the business owner’s policy bundle.

Our obligation as the 1st American Insurance Agency is to provide residents of Longmont, CO with all their insurance requirements and information as is suitable for your business.

Accidents happen. Insurance coverage, even if it may not prevent misfortunes,  gives a certain reassurance to business and property owners. Our company offers Commercial insurance that protects the earnings and assets in your business in case of a disaster. It is especially necessary and beneficial to small businesses owners because they may be a direct source of income and a means to support their families. There are slight variations of commercial insurance in our agency. We can offer you the all-encompassing policy, or you can opt for covers with specifications. 

Specific packages at 1st American Insurance Agency include commercial property insurance that protects you against property damages and loss from fire, severe weather conditions, theft, and vandalism. You can also get coverage for general liability insurance from lawsuits occurring after an accident. Moreover, company vehicles and drivers can also enjoy the commercial auto insurance as protection against automobile accidents, property damage, and liability. 

Considering the expenses you can get a policy tailored to the potential risks associated with your property and its value. Besides the benefits mentioned in the covers above, additional benefits are available depending on the custom covers you choose. Our property cover is tax deductible. You may also pick a cover with higher deductibles from monthly payments, but it would be prudent to set aside the deductible amount. The cover replaces resources, money, and damaged property, lower the risk of conducting business and shield you against litigation claims. Visit our offices at Longmont, Colorado. For more information, contact us.


Is It Time to Update Your Home Insurance Policy?

If you have owned your Longmont, CO home for more than 10 years, it might be time to review your home insurance policy with your agent at 1st American Insurance Agency.  While your policy met all the requirements of your bank back when you moved in, does it really protect your most valuable investment now?

Are Your Home Improvements Covered?

Long-term homeowners often will add an extra room, install an in-ground pool, or erect a garage at some point.  If your home has not been reassessed since you’ve completed such projects, it may not be sufficiently covered by your home insurance policy. In a case of total loss, your policy should allow you to rebuild your home exactly as it stands today, not 15 years ago.

Could You Rebuild in the Current Market?

Since the housing crash nearly a decade ago, many real estate markets have fully recovered.  If you have paid off your mortgage, there’s a good chance that your existing policy only has your home assessed at pre-crash values.  It’s time to sit down with your agent and make sure that the structure and possessions have sufficient coverage to protect all your investments, ensuring that your home continues to provide for you for years to come.

Is Your Liability Up to Snuff?

As time goes by you might start a new business and begin to enjoy all the benefits of a good life.  However, if your liability portion of your home insurance policy only meets minimum requirements, your lifestyle can come under fire if somebody suffers an accident on your property.  Make sure that your Longmont, CO home insurance policy is able to cover most medical expenses in an accident by reviewing it with 1st American Insurance Agency today.