Does Auto Insurance Cover Vandalism in Longmont?

Vandalism to a car in Longmont, CO can be done for any number of reasons. In some cases, the damage is intentional while in others, it’s purely accidental. But no matter how it occurs, your car will still need to be fixed. 1st American Insurance Agency wants you to know more about whether this will be covered under your policy. 

Check Your Terms

Vandalism is generally covered under your auto insurance policy, as long as you have extended coverage for it. If you simply have liability for it, then the damage will not be covered.  Vandalism is a crime, which means that the law does require the offending party to pay for the damages.  However, because vandalism is often completed far from the eyes of witnesses or law enforcement officials in Longmont, CO, you may not ever be able to get the justice you’re looking for. 

What You Can Do 

There are a number of ways to protect your car from vandalism. The simple act of finding a garage to park it in it can go a long way toward keeping others away. This may mean paying extra for valet or taking the time to pull into the garage every night. Or you might consider getting a dashcam to ensure that you can at least see who the person is who vandalized your car or how it occurred. 

If you’re concerned over whether your policy covers this particular act, call 1st American Insurance Agency today to find out more about the conditions of your contract. We’re here to help you get a handle on what might happen, and how you can have the right safety net should it occur. You might need to change your policy to ensure that you get what you need, so start the conversation with us today. 

Elective Auto Insurance Coverage

Every state requires drivers to carry a certain amount of liability insurance, with the minimum requirements of coverage being decided by the state. It can be tempting to drop full coverage insurance the moment an auto loan is paid off, but there are incidents that are beyond your control that can put you back to pedestrian status. 1st American Insurance Agency professionals serving the Longmont, CO area can help you decide what risks you may wish to have covered.

Towing and Labor

Even if you can change a tire, there are several things that can halt your drive. As auto technology continues to gain more components, the more things can fail while on the road. Tow trucks can be expensive, often starting at $75 plus $1-2 per mile. One use can more than compensate for the addition of this policy.

Medical Payments

Liability insurance covers any medical expenses of the other vehicle’s passengers, but not the passengers of your car. Medical payment coverage can get you a treatment that requires upfront payment helping avoid unnecessary emergency room visits.

Uninsured/Underinsured Motorist Coverage

Should someone hit you who is uninsured, you will only see financial compensation if they have the means to pay and do not refuse to do so. Even a court order can’t get money from someone who is indigent. This means that you could be in the position to have to pay, upfront, for repairing or replacing your vehicle. Un-/Underinsured protects you from this situation.

State minimum coverage is meant to protect others from accidents caused by you, but there is nothing outside of that to protect you. Contact the professionals at 1st American Insurance Agency, serving the Longmont, CO area, to see if adding one or more of these to your minimum policy will keep you better protected from the things that cautious driving can’t always

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.

What You Need To Know About Your Auto Insurance

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.

Coverage Levels

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.

Deductible

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.

What is Umbrella Auto Insurance?

Often times we take out an auto policy based more on what it costs that what we really need. That being said, there are additional coverages that you can take out to help give you more coverage without necessarily causing you a great deal of cost. For those that live in the Longmont, CO area, the agents with 1st American Insurance Agency can help you tailor your perfect auto umbrella policy.

Umbrella insurance is a subset of insurance coverage that is a supplemental coverage if you will, to the policies you already hold. You can take out umbrella coverage on just about any existing policy that you have and can use it to get better or more coverage for that particular policy. This is a great way to up coverage, either permanently or temporarily, without necessarily altering the coverage you already have or the policy that you already have. This is going to help you get more coverage and is going to help you make sure you have the coverage you need no matter what.

For those that have a car that is worth more than a typical policy is worth, that has a driver that is a higher liability, or that just want a bit more coverage without having to change their whole policy, umbrella auto insurance might be a good fit. This is a great coverage type and is going to give you more coverage without changing the policy that you already have and without your having to take out another auto policy. The company you choose for your umbrella policy may ask you to up your current coverage before they give you another policy but they will likely offer you some sort of coverage. For those in the Longmont, CO area, the agents with 1st American Insurance Agency can help you find the perfect policy.

Looking for car insurance in Colorado? Read here first.

Driving a car is a big responsibility that you always need to take very seriously. For those that live in the Longmont, CO area, understanding all of the requirements that go into owning a car is important. One of the most important responsibilities that come with owning a car is maintaining insurance on it. When you are looking for car insurance in the area, there are many important factors that need to be taken into consideration.

State Minimum Coverage

When you are shopping for your next policy, it is important to know the state requirements. In Colorado, you will need to have minimum liability coverage of at least $15,000 for property damage coverage and bodily injury coverage of $25,000 per person and $50,000 per incident. If you do not have this level of coverage, you could face penalties if you are caught without it. 

Collision and Comprehensive Coverage

While the state will only require that you carry a minimum level of liability coverage, you will also need to have collision and comprehensive coverage in some situations. This type of coverage will provide you with coverage for theft, vandalism, and many other issues that could cause a loss. This is also a requirement if you have a loan against your vehicle. 

Once you are ready to start looking for your next auto insurance policy in the Longmont, CO area, you should speak with the team at 1st American Insurance Agency. The 1st American Insurance Agency has a team of experienced professionals that can help you to better understand your insurance needs. When you come to this agency you will learn far more about what your requirements are and what type of policy will best meet your needs. 

 

Will Auto Insurance Fully Replace Your Totaled Vehicle?

Sometimes, a car accident in Longmont, CO can lead to a totaled vehicle. When your car becomes a total loss, you’ll likely want to know what your insurance company will do about it. The answer can vary depending on your coverage options from 1st American Insurance Agency.

What Is a Total Loss?

Your insurance company will determine if your vehicle is a total loss or not. The term totaled doesn’t necessarily mean the car no longer works or cannot receive repairs. If the repair costs for the vehicle are more than the fair value of the car before the accident, it’s a total loss.

Who Pays for a Total Loss?

After the total loss designation, fault comes into play. If you’re not the at-fault driver, then normal insurance rules will come into play.

The at-fault driver’s insurance will pay out up to their coverage limit to pay for damages. If the driver’s policy limit isn’t enough, you can try suing the driver directly as well. In this case, a full car replacement will depend entirely on the other person’s insurance coverage options.

If you’re the at-fault driver, your insurance will only cover replacement if you have coverage options in place for it. For example, collision coverage can pay for a replacement or give you the cash value of the car.

Why a Total Loss Can Become Complicated

The main issue with total loss replacements is that they can grow quite complicated. For example, if you’re leasing or still paying for the car, compensation for the total loss can go back to the lender.

If you don’t have the right amount of collision coverage or another type of insurance coverage that calls for a replacement car, you can receive compensation but not enough to actually replace the car.

If you want an insurance company to fully replace your car in Longmont, CO, you need to discuss the process and what you need beforehand. Contact 1st American Insurance Agency to learn more about our collision coverage and other options to ensure you can replace your car if it’s a total loss.

Auto Loan Amount VS Insured Amount: How Much Insurance Coverage Do I Need?

Navigating your loan contract and your insurance policy can be confusing, and trying to figure out the difference between your loan amount and your insured policy amount can be complicated. At 1st American Insurance Agency, we know that knowing the difference between the two is critical in obtaining the best protection for your automobile. Here’s what you need to know about that difference. 

Loan Versus Insured Amount 

 The amount of money you borrow and promise to repay the lender for your car or Longmont, CO home is called the "loan amount". However, sometimes this includes items such as loan fees, or closing costs. Because of this, the amount of your loan may be different from the amount of your insurance policy by a significant margin. Additionally, the value of your vehicle or property may change or depreciate. 

Auto Insurance 

When comparing your loan amount with your insured amount, the difference in numbers can be explained through considering the money paid versus the money you’ll receive if you file a claim.  The same factors that apply to homeowners insurance come into play when it comes to auto insurance. For example, if you owe your lender $20,000, and you have an automobile policy that covers the cash value of $15,000 in the event of a claim, there is a difference of $5,000 between the amount of your loan and the insured amount. If you collect the full $15,000 cash value, you will still be required to pay the full $20,000 loan amount.  

A Solution 

For full protection of the loan amount, a gap insurance policy would cover the difference between the amount of money still owed and the insured amount of your policy. Some lenders require a borrower to obtain insurance covering the full loan amount to protect you and the lender from financial loss resulting from a claim. Contact 1st American Insurance Agency serving Longmont, CO today to discuss the best insurance options for your specific circumstance.

Should I Get a Full Auto Insurance Policy

Your car is a very important asset that needs to be properly protected by insurance. When you are driving your car in the Longmont, CO area, you will be required to follow the state’s minimum insurance requirements. While these requirements only require you to carry liability insurance coverage, you should consider getting a full insurance policy on your car.

When you get a full insurance policy on your car, you will receive both collision and comprehensive coverage as well. With a collision insurance policy, you will receive insurance coverage for your vehicle if you are at fault in an accident or if the other driver does not have insurance. With comprehensive coverage, you will receive coverage in the event you experience a loss due to theft, vandalism, or a variety of other issues. 

Protects Your Investment

The main reason why you should get insurance coverage is that it will provide you with protection on your investment. When you buy a car, you will likely spend thousands of dollars purchasing it and providing it with good maintenance. It would be a complete waste if your vehicle is damaged and you didn’t have insurance coverage and lost the full investment. 

Ensures Compliance

If you have taken out a loan to buy the car, you will also need to make sure that you stay in compliance with the loan agreement. This will normally require you to carry an insurance policy that has collision and comprehensive coverage. If the lender determines that you are not fully insured, you will be in violation of the loan and could face penalties. 

When you are looking for insurance in Longmont, CO, you should contact 1st American Insurance Agency. The 1st American Insurance Agency will be able to help you to build a great policy that provides enough protection. 

 

The 3 Things You Need to Do in a Fender Bender

Did you just get your driver’s license? Congratulations. As a newly minted driver in Longmont, CO there are a few things you need to know and do, like making sure you have the required auto insurance from your friends at 1st American Insurance Agency.  You also need to be able to take care of yourself when you get into a fender bender.

Stop, Review the Situation, and Call for Help

First, after the impact, pull over and stop.  Make sure you are out of the path of traffic if at all possible. Even if you just nudged the other guy and there isn’t even a scratch, make sure that you and the other party aren’t injured. If you see any kind of damage to the vehicles, call the police.

Use Your Camera

The old standard was to exchange information by writing down the other driver’s name, license number, insurance, etc.  Now your smartphone is your friend. Use your camera to snap a pic of the other driver, their driver’s license, the license plate, their insurance card and then start on the scene. Record damage to all the vehicles or any property.  If possible, take a shot of the intersection, street signs, and traffic lights.

File the Report and Call Your Insurance Agent

Cooperate with the officer at the scene and make sure that a police report is filed.  If no officer responded, head straight to the police department and file one yourself. Once you are confident everybody is on their way home, give your agent at 1st American Insurance Agency a call and file a claim. If somebody reports an injury on the next day, it will be easier to process their claim against your insurance.

Remember, your Longmont, CO insurance agent is there to help you work your way through such an accident with as little inconvenience as possible.