If A Guest In Your Home Is Accidentally Injured, Does Your Home Insurance Cover Their Expenses?

Shopping and purchasing the right type of home insurance can be challenging without the help of a professional insurance agent. There are many things to consider because there are so many hazards and scenarios that can happen to create the need for a claim at some point. For example, what if a guest in your home is injured? Does your insurance cover their medical expenses? 

If A Guest is Injured in Your Home

In the event a guest in the home is accidentally injured, it will usually be covered by the policyholder’s home insurance policy. Before making a purchase, however, you should consult with an experienced agent to find out what the limitations of coverage area and if there are terms and conditions to be specifically aware of concerning liability coverage. Anyone who has questions about home insurance can count on the agents at 1st American Insurance Agency serving Longmont, CO to provide answers you need to make an informed decision. 

An Agency With Integrity

Integrity is important within the insurance industry. People count on their insurance agency to guide them through the policy purchase process and explain each product in detail to ensure they are getting the best coverage for their needs. The agents at 1st American Insurance Agency are committed to providing excellence in insurance. They work one on one with each client to assess both current and future insurance needs. They will then provide recommendations for policies that match those needs. 

Anyone who is shopping for top quality home insurance living in the Longmont, CO area is urged to call or stop by 1st American Insurance Agency to speak with an agent. 

Is Colorado a No-Fault State?

There’s a good chance you’re already familiar with "No-Fault" driving laws. Under these laws, no driver in an accident is deemed to be "at fault", and the auto insurance of both parties is set up to pay for the damages and resulting medical costs. 

That’s how things used to be in Colorado, right up until 2003. Since then, our state has been an "At Fault" or tort system state. At 1st American Insurance Agency in Longmont, CO, we believe that all drivers need to be aware of what this means and how it affects auto insurance.

Who is ‘At Fault’ in an Accident?

Because Colorado is an At-Fault state, determining who caused an accident is crucial in order to recover damages. This is why it is so important that your first phone call is to the police and your second call to your insurer. If you do not secure a police report right away, it will be very difficult to prove the other driver was at fault (even if they blatantly were). Likewise, if you were the one primarily at fault, you will still want a police report. Getting one will help lay out all the facts of the situation and prevent the opposite party from blaming you for more damages than you’re actually responsible for.

Understanding Comparative Negligence

Naturally, determining fault is not always a cut and dry issue. In many cases, drivers are viewed to carry a certain percentage of fault when they get into an accident. This is why Colorado also practices what’s known as the "Comparative Negligence Legal Theory". In a nutshell, this allows you to seek compensation (particularly when it comes to injuries) if you are less than 50 percent at fault for the accident. The amount of compensation you are entitled to will, therefore, be reduced the greater your percentage of fault is. 

Please feel free to reach out to us at 1st American Insurance Agency with questions and to learn more about your coverage options. We insure drivers in Longmont, CO and beyond, and we focus on finding quality policies to help ease the burden of any accident, whether or not you are "at fault". 

Protect your business from employee complaints with umbrella insurance

1st American Insurance Agency is here for the business owners in the Longmont, CO area. We can help you acquire the proper insurance to protect your company. Many business owners like to think that employee complaints won’t happen to them, but unfortunately, this is not always the case. We believe that it’s always best to be prepared and recommend an umbrella insurance policy for many of our commercial clients.

How an umbrella policy can help to protect your company from employee complaints

Unfortunately, there are times when an employee complaint turns into a legal issue for your firm. With an umbrella policy, you will be more likely able to absorb the after-effects of a legal situation brought about by the complaint. Typical primary policies have coverage limits that can be reached and surpassed by the legal consequences of employee complaints. When a primary insurance policy has paid out its maximum coverage amount, any additional expenses will likely become the firm’s responsibility.

A robust umbrella policy will take over if and when the policy limits of your primary commercial insurance is reached. This will allow you to continue business as usual. You will also enjoy the peace of mind that comes with knowing that you have the protection you need, no matter what may happen. This knowledge will allow you to stop worrying and focus on keeping your business running. 

Business owners in the Longmont, CO area can rely on the 1st American Insurance Agency for all of their commercial insurance needs. Call or stop by our offices today and find out more about the many benefits of commercial umbrella insurance policies. Don’t get caught in an unfortunate position because you don’t have the insurance you need, come and see us today!

The importance of liability coverage for your recreational vehicle

Getting out there on your recreational vehicle is the perfect way to enjoy all of the natural beauty and wonder that surrounds us here in the Longmont, CO area. The team at 1st American Insurance Agency is here to help you meet all of your insurance needs. A recreational vehicle may not have many requirements when it comes to insurance, but that doesn’t mean that you don’t need the protection.

Don’t overlook liability insurance for your recreational vehicle

There are many things that can possibly go wrong when it comes to off-road vehicles. And while you may be considering going with a basic policy to protect your needs, it’s a good idea to also consider liability coverage. If someone is injured while riding your vehicle, you can be held personally liable. Having a strong policy that includes liability coverage is the right way to go. You will gain the peace of mind that comes with knowing that you have the coverage that you need, and the protection that you want. Make sure that you and your family and friends can get out there and have fun, but also ensure that you will be covered in the event of an accident or mishap. Being responsible for medical expenses or other bills is a surefire way to put an end to your fun. Don’t let this happen to you, call today and get the right protection for your needs.

Are you a recreational vehicle owner in the greater Longmont, CO area? If you want to make sure that you have the protection you need, it’s time to come and visit the team here at 1st American Insurance Agency. We can help you determine the coverage that’s right for your needs. Call or stop by today!

Quick Guide to Motorcycle Insurance

Going for an afternoon ride on your motorcycle with the sun shining down on you and the wind blowing through your hair can be fun and relaxing. Unfortunately, too many motorcycles ride to end in pain or tragedy. If you own a motorcycle, it is important to make sure you are covered. Before you take your next ride through Longmont, CO, take a look at this guide to ensure you have the coverage you need.

Requirements

Colorado requires a minimum of the same amount of liability coverage on your motorcycle as it does on your automobile:

  • $25,000 per person for bodily injury
  • $50,000 per accident for bodily injury
  • $15,000 per accident for property damage

Additional Coverage Options

With the danger, motorcyclists face, liability might not be enough to protect you. The following are additional coverage options to consider. If you have questions about any of them, give 1st American Insurance Agency a call.

Collision

Covers damage done to your motorcycle due to a collision with another vehicle.

Comprehensive

Covers damage done to the motorcycle by something besides a collision and theft.

Personal Injury Protection

Covers medical bills due to injuries that you, pedestrians, or your passenger no matter who is at fault.

Uninsured/underinsured

Covers injuries caused by a driver who has no insurance or not enough insurance. 

Lay-Up Coverage

Lay-up periods refer to the times when a motorcycle is put away, for instance in the winter. During that time, most motorcycle owners prefer to have only lay-up coverage. It covers any theft or things that happen during storage.

If you are looking for new motorcycle insurance coverage or would like to improve the coverage you currently have, give 1st American Insurance Agency of Longmont, CO a call or stop by today!

 

When is commercial insurance required?

General liability insurance is not required to start a business in Longmont, CO. You may, however, want to consider purchasing a policy since the likelihood of an at-fault incident occurring increases with every operational day. General liability is an element of commercial insurance that is optional. There are, however, times when you must purchase insurance for your business to remain in compliance with state and federal laws. The agents at 1st American Insurance Agency can help you find the commercial insurance policy that works for your company. Read on to learn when you must purchase a commercial indemnity plan. 

When is commercial insurance required?

Commercial insurance is required when you have employees. You need worker’s compensation insurance to cover an employee’s injuries on the worksite or offsite but during the commission of things related to the job. Worker’s compensation protects the employee as well as the business owner because it limits the level of liability that a company is responsible for when an incident occurs. Worker’s compensation is required even if you work from home with one employee as your assistant. 

Commercial insurance is also necessary when you use automobiles to carry out the duties of your company in Longmont, CO. A traditional auto insurance plan does not provide enough coverage for your fleet, which is why you need a commercial plan that has policy limits of at least $1 million. There are instances where a discount is available to companies with dozens of vehicles. You, of course, need to speak with an agent at 1st American Insurance Agency to determine how much commercial auto insurance you need. 

Call us today!

Commercial insurance is not always required in Longmont. You should, however, consider an indemnity plan that safeguards your company against lawsuits when incidents occur. Call one of our agents today to discuss possible options that protect your business and personal assets!

How to deal with home insurance claims

According to Gocompare, one in six home insurance claims are rejected every year. Several reasons were quoted including residents’ failure to understand their policies, the fact that home insurance claims arise when the insurance holders are stressed due to incidences and damages at home.

Another reason was that policyholders complained about the value of the claim. That is why 1st American Insurance Agency recommends that all  Longmont, CO residents purchase the right policy. Don’t just get enticed by the cost. Here are a few tips to help deal with claims and get compensated as fast as possible.

Review and revise the coverage

Like any other purchase, you must understand what you are buying. Read and review every detail. If there is anything you don’t understand, ask for assistance. At 1st American Insurance Agency, we have professional insurance advisors who can help you make a wise decision.

Take photos and videos

The claiming process may take longer if you fail to take footage or photos that will prove the damages. You can handover these to your insurer as soon as you have reported the claim.

Keep receipts

Some damages can be too bad that some of your items may not be recognizable or may be lost completely. For instance, theft can be hard to claim if you don’t have receipts to prove that the stolen items are yours. Fires too can burn everything down, receipts help prove that you owned certain items.

Make small repairs

If the damages are minimal or require urgent attention to prevent further damage, it’s important that you do it and document it so that you can get a refund during the claim.

For more information about claiming home insurance, visit us at Longmont, CO, and we will be glad to assist.

 

3 Things You Need to Know About Comprehensive Coverage

What is comprehensive insurance coverage and why do you need it on your policy? Our team at 1st American Insurance Agency in Longmont, CO has put together a quick guide. Here are three things you need to know about comprehensive coverage.

#1: It Covers Theft and Vandalism of Your Vehicle

Theft or vandalism of your vehicle is usually covered under your comprehensive coverage. That means if your car is stolen and never recovered, you’ll receive the approximate value of the car minus your deductible. If it is found, any damage would be repaired subject to that deductible. But what if your car is just broken into or vandalized? That would be the same as a recovery—you would pay the repair shop your deductible directly and your policy would take care of the rest.

#2: Weather and Other Natural Incidents Are Usually Covered

Weather and natural events are typically covered under your comprehensive policy. Think things like fire, damage from a storm, or hitting a deer are all considered natural incidents and handled as part of a comprehensive claim? Of course, as you can probably guess, these are also subject to your deductible.

#3: It’s an Optional Coverage and You Select Your Deductible

It’s important to remember that the law doesn’t require you to carry comprehensive coverage. If you are still making payments on your car, your lender might require that you have it, but there is no specific law saying that you need to. Also, you select the deductible you carry, so be sure the amount is one that you could come up with right away if a surprise comprehensive claim occurs.

Ready to learn more? Contact our Longmont, CO team at 1st American Insurance Agency to schedule your no-obligation policy coverage appointment.

Benefits of Off-Season Motorcycle Coverage

Winter weather can make motorcycle riding extremely difficult in Colorado. When temperatures drop, you may decide it’s time to store your bike for the season. Storing your bike for the winter, however, doesn’t mean you automatically drop all coverage. By scaling back your coverage, you can save money on your premium and still retain the protection you need during the winter months. Here’s how off-season motorcycle insurance from 1st American Insurance Agency in Longmont, CO can protect your bike during winter at reduced costs.    

Reduced Collision and Liability Coverage

As you won’t be riding your bike during the winter, there’s no reason to maintain high limits on your collision or liability coverage. By reducing coverage to minimum levels, you can lower premium costs. At the same time, you retain some protection in case temperatures unexpected warm-up for a day or two and you have a chance to take your bike for a quick spin around town. Raising the deductible on your policy can also help in reducing insurance costs.

Don’t forget to revert to your original coverage when you’re ready to hit the road again in the spring so you’ll have the full protection you need for city riding or long-distance travel.  

Comprehensive Protection

Putting your bike in storage doesn’t make it impervious to all risks. Depending on the safety of your storage unit, your bike could still be prone to theft, fire damage, storm damage or vandalism. By maintaining some level of comprehensive insurance, you can safeguard your bike against these risks. Dropping your coverage altogether puts you at risk of paying for unforeseen damage out-of-pocket.

To learn more about off-season coverage for your motorcycle, call or visit 1st American Insurance Agency in Longmont, CO today. We’re here to meet all your motorcycle insurance needs.

How Commercial Insurance Protects Your Profits

Your business is likely the bread-and-butter of your finances. Even if it’s a side hustle, you have likely begun to rely on that extra income. If you’re considering either switching your commercial insurance or purchasing a new policy, 1st American Insurance Agency would like you to have a better idea of how commercial insurance can protect you and your livelihood. 

You Have a Backup Plan 

A solid insurance policy gives you a way out of countless sticky situations. What happens if you can’t open your business in Longmont, CO for several months because of structural damage? Can you operate from home? Can you sell the same stock online? Is your stock still intact after the damage? You can purchase insurance that will not only help you reopen the shop after making the repairs, but also replace the lost income that you weren’t making during the time of the repairs. 

You Get Answers 

When you find someone who can help you during the worst possible events, you have a way to plan ahead. The right insurance partner can give you the advice and the warnings you need to make better decisions — something that’s difficult to do when panic sets in. So if a customer decides to sue for three times what the business is even worth, you can consult an expert about how to take the next steps. These kinds of perks can preserve profits because they help owners prepare for the worst. 

If you want to learn more about which policies do what for you, call 1st American Insurance Agency today. We help the people of Longmont, CO get a better handle on how to keep their business from financial ruin. Instead of purchasing the bare minimum, call us for quotes and learn more.