The Basics of Recreational Vehicle Insurance

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.

Umbrella Insurance Is a Plus for Small Business Owners

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. 

 

 

Why a Routine Roof Inspection Is Important

You probably know how important it is to perform various routine maintenance and repair tasks in and around your home. But what you might not realize is just how important it is to have roof inspections done regularly. Here’s more information on why those inspections are important, courtesy of 1st American Insurance Agency serving the Longmont, CO area.

Avoid problems before they start

A roof inspection is a key to staying ahead of problems that could cause water damage and even mold in your home. Roof leaks are common causes of mold in homes. Mold and leaks can be expensive, complicated and stressful to handle. During the roof inspection, various problems can be spotted and repaired while they are still minor.

Save money

As the saying goes, an ounce of prevention is worth a pound of cure. That is definitely true when it comes to roof inspections. When you make sure to complete them regularly, you can increase your chances of catching problems early, before they create scenarios where much more costly repairs are needed.

Protect your investment

A roof over your head forms an essential part of your home’s structure. You invest so much in your home, and you want to be able to protect that investment. Maintaining your entire property, including your roof, helps in your efforts to protect your home investment.

Your roof inspection should be completed by a professional company that specializes in residential roofing. Do not try to inspect the roof yourself. Be selective and get referrals before hiring a company. Once you hire a roofing company, ask them how often your roof should be repaired, whether annually or more frequently than that. Then follow the recommendations, and increase your peace of mind about the roof over your head.

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.

How Do I Pick the Right Commercial Insurance?

You have a business plan. That’s great! Longmont, CO, is still a wonderful place to be a business owner. But, if you want to succeed, there is definitely a little paperwork in order. One item of business you shouldn’t avoid is commercial insurance. The right policy is the difference between lifelong business success and a short, unsatisfying run. That’s why 1st American Insurance Agency is here with some easy advice to simplify the process.

Understand the Big Three

Commercial insurance typically is intended to cover three things regarding your business: property, workers, and liability. Property can include a storefront, office or other location. It can also refer to vehicles and any assets worth insuring that are owned directly by the business. Insuring workers usually means workmen’s compensation and other medical-related coverage. Liability is pretty much what you expect. This is the insurance that protects you from lawsuits against the business.

Balance the Sheets

So, considering the three aspects of coverage, choosing the right policy is a matter of balancing costs and needs. It might sound boring, but good business practices are all about balancing numbers. Your goal is to get enough coverage for each issue that you won’t worry about a single disaster sinking the whole business. For workmen’s comp, state laws are usually a good guide. For liability and property insurance, those are both largely determined by the value of your assets. If your business is worth $10 million, you don’t need a policy that covers $100 million. You get the idea.

Shop Around

Still, making sure you are getting the best deal for the coverage you need can be tricky. The best way to simplify the process is to let your 1st American Insurance Agency representative do the heavy lifting. They can help you evaluate your assets and find the best deals by shopping around for you. They love helping businesses in Longmont, CO, so why not let them help you too?

Motorcycle 101: What Is Collision Coverage?

Now that you’ve purchased your new motorcycle you probably can’t wait to gear up and hit the road to experience all the beautiful scenery the Longmont, CO area offers. But, before you plan your first San Juan Skyway to the Black Canyon Run, you need to meet with an experienced motorcycle insurance agent to discuss your personal coverage needs. Purchasing insurance can be confusing, especially when there are different coverages to consider. Here’s some information you’ll need to know about your new 1st American Insurance Agency Collision coverage policy. 

What Is Motorcycle Collision Insurance?  

Collision and comprehensive insurance coverage are two different parts of your motorcycle insurance policy.  While each type will help pay to repair or replace your motorcycle if it is damaged in a qualified claim, collision insurance covers separate types of risks than your comprehensive coverage. 

What Does Motorcycle Collision Insurance Cover? 

If you or anyone on your collision insurance policy is in a collision that results in your bike being damaged by another vehicle or an object like a fence or a tree, your collision coverage will help pay for repairs. Comprehensive motorcycle insurance will help cover your motorcycle if it is damaged or lost in an event in an event that does not involve you or a covered rider being in an accident. Neither collision nor comprehensive insurance will pay for any damage you cause to another person, vehicle, or object. 

Am I Required By Law To Carry Collision Motorcycle Insurance? 

No, you are not required by law to purchase a collision insurance policy for your bike in Longmont, CO, nor are required by law to carry comprehensive insurance for your motorcycle. You are required to carry liability insurance to cover third-party injuries and any property damage you cause if you are deemed responsible for a collision while you or a covered party are riding your motorcycle. 

While you aren’t legally required to purchase collision, comprehensive, or any other type of insurance policy for your bike besides liability, if you want your bike to be covered for losses, it’s a smart choice. Call or come by 1st American Insurance Agency today to speak with an agent about designing the perfect motorcycle coverage for your special needs. 

Colorado insurance requirements for RVs

Owning an RV is a great way to see the beautiful landscapes surrounding our great state, but many Longmont, CO area residents aren’t exactly sure what the insurance requirements are for their recreational vehicle. If you want to make sure that you have the coverage you need before you hit the road, the team at 1st American Insurance Agency is here to help. We want you to enjoy your summer without having to worry about having the appropriate coverage. Come stop by, and we can get you road-ready in no time!

Colorado insurance requirements for RVs

Insurance requirements for RVs in the state of Colorado can vary depending on the type of vehicle you have. You will need a comprehensive policy, but the details are different across a few different RV types. For example, if your RV is self-propelled your policy will differ from that for a trailered vehicle. There are also different requirements if you use your RV as housing, say for example you stop at campgrounds and RV parks during your travels. There are state regulations that cover many different scenarios and it makes sense to sit down with a local agent who is knowledgeable about all of your options. Anyone who uses their RV as a sleeper camper and invites passengers or other guests to use the vehicle as accommodation will want a higher level of liability insurance.

We know you can’t wait to get out on the open road and explore our beautiful country! Before you get started, make sure you’ve got the coverage you need. Call or stop by the office of 1st American Insurance Agency today and let us help you protect your RV this summer. We provide friendly and professional insurance services throughout the greater Longmont, CO area. 

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.

What are Common Policy Exclusions For Home Insurance?

As a new homeowner, you might be wondering what exactly your home insurance covers. While not every policy has the exact same coverage, most home insurances providers have the same policy exclusions, whether in Longmont, CO or outside of this area. Here are a few common policy exclusions you may be met with when you purchase your home insurance from 1st American Insurance Agency.

Water damage

You might think that your home insurance covers all natural disasters, but this is not the case. While disasters such as fires are covered by your standard policy, a common policy exclusion is water damage.

Water damage includes floods and sewage backups. If you live on a flood plane in Longmont, CO, you may have to purchase a separate flood insurance policy in order to satisfy any zoning or mortgage requirements.

Earth Movements

Another natural disaster that is not usually covered by home insurance is an earthquake. Any type of damage from Earth movements, including but not limited to landslides and earthquakes is something you will have to pay out of pocket for.

If you live in a place where earthquakes aren’t common, you may not have to worry about this coverage gap. However, since any land is technically prone to experiencing earthquakes, you may want to look into a customized type of coverage. The simplest way to cushion the costs of any coverage gap is to buy out umbrella insurance.

Ordinance Law

Your home insurance policy will typically cover the rebuilding or restructuring of your home if the damage is done is due to theft or fire. However, if your city or state mandates that your home has to be fixed or demolished, you cannot count on your policy for that coverage.

For instance, if your home is deemed inhabitable and it is condemned through legal measures, your home insurance policy cannot reimburse you for the upgrades that need to be done to the home in order for it to be cleared. You cannot claim expenses for the destruction of your home in this instance, either.

What Exactly Does Your Insurance Cover?

Now you know what the common exclusions of all home insurance policies entail. Are you ready to find out what yours might include? If so, call one of the friendly agents at 1st American Insurance Agency today for a quote or a consultation. They will help you come up with exactly the type of coverage you need.

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.