Uncover These Life Insurance Myths In Lafayette, CO

Purchasing life insurance in Lafayette, Colorado is a great way to enjoy peace of mind knowing that your family is covered in the event something happens to you. However, there are various life insurance myths that you need to uncover so that you can be more aware of how to get a good policy.

Too Young

You are never too young to consider purchasing a life insurance policy. Policies are generally going to be more affordable when you are young and it can provide protection for you and your loved ones throughout the rest of your life. It can also help with retirement if you purchase a whole life policy.

Term is Where It’s At

Term is only effective for some people. You want to look at the various scenarios and consider whole and universal life simply because it provides you with coverage for your entire life instead of only a few years. Additionally, whole life can have a cash value associated with it.

Health Matters

Health does matter, but it isn’t the difference between getting coverage and not getting coverage. Plenty of companies will provide you with a policy even if you have various health conditions, although it may be a little more expensive and the coverage limits may be lower.

Deals are Only Online

While there are deals to be had when shopping for insurance online, it doesn’t have to be this way. It can be advantageous to talk with an independent life insurance agent to learn about all of your options and get quotes from multiple companies.

Call us at 1st American Insurance Agency today to learn about life insurance in Lafayette. It’s a great way to protect your family and we can bust the myths to show you how it can be affordable.



Give Trick-or-Treaters Candy, Not Bruises

On October 31, trick-or-treaters will be knocking on the front doors of houses throughout Lafayette, CO. When they come to your home, make sure you give them candy, not bruises. After all, a fall could result in the worst trick of all — a home insurance claim.

Reduce the Risk of Bruises

When trick-or-treating, kids are rarely thinking about their safety. Instead, they’re usually focused on the loot they’ll get from the next house, especially if that home is known for handing out king-size candy bars. As a homeowner, you should watch out for kids who come to your door, because they won’t always watch out for themselves. You can keep them safe by:

  • clearing your yard of anything they might trip over
  • lighting up any obstacles in your yard that can’t be moved
  • keeping your dog indoors (if you have one)

It’s impossible to eliminate the risk of a fall completely, but these are easy ways to significantly reduce the chances of a child tripping and falling on your property.

Reduce Your Financial Risk

If a trick-or-treater does fall in your yard or on your front step and suffers serious injuries, you might be held responsible. Liability coverage, which is part of most home insurance policies, may protect you if you are held responsible. If the injuries result from a covered incident, your liability coverage will help defray expenses that you might be expected to pay.

If you’re not familiar with liability coverage and its role in a home insurance policy, contact our agents. They’ll gladly explain what protections it provides, and they can help you shop around for a home insurance policy that has excellent liability coverage. To reach us at 1st American Insurance Agency, simply send us a message online.


Discounts For Students: Auto Insurance

Discounts for students are everywhere. You can go virtually anywhere and find a discount the moment you show your student ID. When it comes to auto insurance in Lafayette, discounts are also available, but you won’t need to show your ID. Instead, you will have to qualify for them.

There are four discounts you will want to explore.

#1 – Low Mileage

Low mileage discounts are out there whether you are a student or not. It makes sense. If you’re not putting a lot of miles on your car, you’re not out on the roads often and therefore are considered relatively low risk. If you live on campus, this should be an easy discount to take advantage of.

#2 – Defensive Driving

If you take a defensive driving class, you can turn the certificate in to the insurance company. It may be worth a discount of 10% or even more.

#3 – Safe Driving

If you have a clean driving record, ask for a safe driving discount. The statistics are against you because you are a young driver, but if you don’t have tickets or accidents, be sure you are being rewarded.

#4 – Good Grades

You want to see if you qualify for a good grades discount. Don’t assume that because you haven’t made the dean’s list that you won’t get the discount. Insurance companies vary in terms of what grades they look for to provide the discount. Some companies will issue discounts as long as you are maintaining a C+ or higher in your classes.

At 1st American Insurance Agency, we are committed to helping you find affordable auto insurance policies. Especially if you are a student, our knowledgeable agents can help you find all of the best discounts in Colorado. Call today and let us begin finding quotes on your behalf.