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.
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.
Covers damage done to your motorcycle due to a collision with another vehicle.
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.
Covers injuries caused by a driver who has no insurance or not enough insurance.
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!
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!
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.
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.
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.
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.
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.
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.
Here at 1st American Insurance Agency in Longmont, CO, we want you to enjoy your time on the road and on vacation. That’s why we want to make sure you have the recreational vehicle insurance you need to meet the insurance requirements of the state of Colorado. Like all the other states in the US except Hawaii, the state of Colorado requires vehicles on its roads to carry insurance. You probably already carry automotive insurance. Colorado requires the same level auto insurance for RVs as for your truck or car. You will need at a minimum the following policies:
- bodily injury liability (BI) of $25,000 per person and $50,000 per accident for bodily injury,
- property damage liability (PD) of $15,000 per accident,
- uninsured/underinsured motorist (UM/UIM) of $25,000 per person and $50,000 per accident for bodily injury.
These coverages ensure that you will be able to pay for damages to another person’s vehicle when you cause an accident and that you will be able to pay for their medical costs. The uninsured component means that when you are hit by a motorist who does not carry insurance or does not carry enough to cover your damages, you can pay for it yourself through insurance. This insurance covers your medical bills and it covers your vehicle damages.
You might also want collision or comprehensive insurance for your RV. It is a huge investment to purchase a recreational vehicle. It makes sense to protect it.
At 1st American Insurance Agency, we understand how confusing insurance can be, especially if it is your first time purchasing it. We want to make the process easier. Our insurance agents will happily sit down with you and review your needs. We can help you determine what level of coverage you really need because sometimes the minimum just is not enough.
Does your small business in Longmont, CO need umbrella insurance? You may think that this type of insurance coverage only benefits larger companies with a high net worth, but that’s simply not the case. The truth is that any business may run up against a lawsuit or some type of disaster situation at some point. This is why it’s helpful to seek the services of an insurance company like 1st American Insurance Agency.
What Is Umbrella Insurance?
Umbrella insurance is an added protection to your existing insurance policy. Since there can be holes or limits in your regular commercial insurance policy, it’s ideal to have something in place that will help cover that. For instance, it offers liability protection in the instance that your company gets sued. If you are found to be at fault for a customer’s injuries or there’s some other legal issue that arises, you’ll want to have financial protection so your business does not go under.
In addition, umbrella insurance may cover areas that a conventional insurance policy does not cover. However, you almost certainly will have to pay some sort of deductible for your umbrella insurance, which varies on the insurance company.
Amount of Your Umbrella Insurance
The amount of umbrella insurance coverage you need depends on your company’s assets. Since the assets will determine how much is at stake in a lawsuit, it’s important to take out an insurance policy that has a maximum coverage that is appropriate to your business’ needs. For a smaller business, this likely is a lower amount.
You want to protect what you’ve worked hard to build with your small business. If you have questions, concerns, or would like to sign up for commercial umbrella insurance, reach out to 1st American Insurance Agency of the Longmont, CO area today.
There’s a lot involved with auto insurance in Longmont, CO. It can be overwhelming to look at what’s required in the state of Colorado as well as ways to protect yourself above and beyond. Rather than having too many unanswered questions, you can work with our independent insurance agents at 1st American Insurance Agency.
You need to explore the various coverage levels that are available to you. Auto insurance is required in the state of Colorado, and this means maintaining certain minimum levels of liability. Beyond that, you have the ability to increase those coverage levels for further financial protection. You can also explore such add-on coverage items as collision and comprehensive.
It’s important to explore the deductibles that are available on the various types of coverage that you have. In the event of an accident, you will be responsible for the deductible. In most instances, this is your only out-of-pocket expense. Depending on the policy and what you can afford each month, the deductible can range from $250 to $1000.
Filing a Claim
As you shop auto insurance, it’s important to know about the details involved with filing a claim. The whole reason you have auto insurance is to take care of things after an accident. Particularly if you were at fault or there is no one to blame for the accident, you will be filing with your own auto insurance. Independent insurance agents can walk you through the claim process so that you know what to do if you are involved in an accident or you experience some kind of damage to your vehicle.
You don’t have to choose auto insurance in Longmont, CO alone. Contact us at 1st American Insurance Agency today to learn more about the options available to you. We can walk you through the entire process.