Different Umbrella Coverage Options for Longmont, CO Residents

As a resident of Longmont, CO., there are a variety of insurance coverage options available, such as umbrella insurance. Here are the facts about umbrella insurance you need to know.

Who Should Have Umbrella Insurance?

If you’re like most Longmont, CO residents, you want to know if umbrella insurance is a necessity. Yes, an umbrella policy is a necessity, although it is not required by law. Everyone can benefit from umbrella insurance because it helps prevent individuals from paying out-of-pocket for mishaps and accidents.

When Can Umbrella Insurance Coverage Help?

Umbrella insurance can help with coverage for your:

  • Personal property
  • Business losses
  • Criminal or intentional actions
  • Contracts

Personal Umbrella Insurance Policy

A personal umbrella insurance policy helps when you damage someone’s property, and the limits exceed your policy’s limits. If you are the cause of someone being seriously injured, you will be legally held responsible for the damages, which will more than likely exceed your standard insurance policy coverage. Umbrella insurance picks up coverage where your standard policy lacks.

Umbrella Insurance vs. Excess Liability Insurance

Umbrella coverage is sometimes referred to as excess liability insurance, but they are two different types of policies. Excess liability insurance offers coverage options that carry the same exclusions as your standard insurance policy and provides coverage for the same risks.

Having a personal umbrella insurance policy provides more coverage for the same instances your current insurance policy includes. Personal umbrella insurance policies can protect you from other risks, including slander or a judgment against you, and an excess liability policy does not.

At 1st American Insurance Agency, we recognize your need for reliable insurance from a company you can trust. Our objective here at 1st American Insurance Agency is to provide Longmont, CO residents with the coverage you need, whether you require one policy or multiple policies. Contact us to learn more about the insurance policies we offer and how we can help meet your needs.

Do I need to carry recreational vehicle insurance in Colorado?

What could be better than owning a recreational vehicle in Colorado?  The mountains are a big attraction and getting away to enjoy nature is appealing. Owning a recreational vehicle is a major investment and like all major investments, it needs to be protected by insurance. All vehicles in Colorado need to carry liability insurance to protect others from an accident where you might be at fault. Before you purchase your recreational vehicle insurance it is a good idea to talk to a knowledgeable insurance agent like those at 1st American Insurance Agency in Longmont, CO. 

When it comes to your recreational vehicle insurance determining what type of insurance will be the best depends on exactly what type of vehicle you purchase. In some cases, you may be able to insurance an RV on your regular auto insurance policy but in other cases, the coverage might end up being woefully inadequate. 

First, you need to determine if you have a motorhome or a travel trailer. While people often use the words as if they are the same thing, in insurance terms they are not. A motor home is a vehicle that is self-contained, has a bathroom and a water supply. Every insurance company defines it a little differently but if you have a travel trailer, it needs to be towed by a vehicle. 

RV insurance offers the same basic options for coverage that an auto policy has. It has liability coverage to protect you from damage to others, as well as collision and comprehensive to protect your vehicle. You need to make sure that your coverage is commensurate with the value of your RV. 

When it comes to insuring your recreational vehicle taking to an insurance agent who has experience with RVs is important. At 1st American Insurance Agency in Longmont, CO they have the experience you are looking for. Gave them a call or stop by their office for a no-obligation quote.