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. 

 

How Do I Select the Right RV Insurance Policy?

There are several things to consider when selecting an RV insurance policy. All these factors take into consideration the type of RV you are ensuring, how you use it, and what your current and future plans are. You will need to choose the right balance between affordability, coverage, and deductibles. Of course, this includes the type of RV you have, how often you use it and who you use it with, The right RV policy will adequately cover all of these details. 

What are the First Things to Consider

When deciding on an RV policy, start with the RV itself. If you own a luxury RV it will cost more to repair it. You need a policy that can adequately cover the repairs. If you’re leasing or financing an RV, more than likely the financer will require you to have insurance to cover the RV and any repairs that may be needed in the event of an accident or total loss. More coverage should be purchased to cover higher costs. 1st American Insurance Agency serves Longmont, CO and is committed to helping RV owners get the right RV insurance to fit their needs, preferences, and recreational vehicle.

Specialized Features

If your RV has customized permanent features you may want to consider purchasing an RV policy that will cover these features. An RV policy that includes the coverage of Permanent Attachments would insure permanent attachments for the full value of what it would cost to replace them as opposed to the depreciated value. This may be well worth it if you have expensive custom features in your recreational vehicle.

Total Loss

You may also want to consider purchasing RV insurance that covers a total loss as well as theft. In the event of some unforeseen circumstance that renders your RV damaged beyond its value or stolen and not recovered, you may want to invest in insurance that would cover its replacement or at least give you back what you paid for it. Of course, how much you’d get as well as what you’d get would be dependent on the age of your RV. However, an RV policy that would cover loss and theft is sure to create more peace of mind and protect your financial investment. 

Selecting the right RV insurance policy requires you to closely examine your RV, finances, TV lifestyle, needs, and preferences. Use logic and select coverage levels that are commensurate with your RV and its current and future use. IN some cases, certain coverage levels may be a requirement if you are leading or financing a recreational vehicle. However, true peace of mind will come from investing in an RV policy that adequately meets the needs of you and your RV. 

Does a Personal Umbrella Insurance Make Sense for Your High Net-Worth Family?

When umbrella insurance comes to mind, it is usually associated with commercial insurance policies. However, many high net-worth families rely on such policies to protect their families from liability. If you are in the greater Longmont, CO community, the team at 1st American Insurance Agency welcomes the opportunity to review the advantages of such a policy with you.

Limitations to Primary Policies

Primary insurance policies typically have a coverage limit that cannot be exceeded. In such instances, an umbrella policy can increase your coverage levels to provide the protection you need to keep your assets safe from liability claims. When you have a high net-worth you and your family can become targets to unsavory individuals who are looking to profit through schemes and other deceptions. In the cases where your liability exceeds your coverage limits, you can be held personally responsible, a fact that can have a negative impact on your family for many years to come. Don’t let your family fall prey to frivolous lawsuits or other damaging situations without the protection that you need. Understanding the benefits of increased liability protection that is provided through an umbrella policy can make a significant difference on your bottom line. You have worked hard to provide for your family and it only makes sense to protect them and their financial future. 

Don’t leave your family’s financial future unprotected. Find out more about how a personal umbrella policy can protect your family’s assets in many different situations. Contact 1st American Insurance Agency today and learn more about the coverage options available in the greater Longmont, CO area. We want your hard work to be protected and for your family to be covered in the event of a large liability case.

What’s Comprehensive Motorcycle Insurance?

Comprehensive motorcycle insurance is an insurance policy option. It differs from collision coverage though. However, it’s the part of the policy that helps pay for any expenses regarding your bike. 1st American Insurance Agency serves Longmont, CO, and the surrounding region by offering this type of insurance, so you can protect your investment. 

Basics of Comprehensive Coverage

Comprehensive insurance will help you repair your bike if it’s damaged in an accident. It’s also possible to use this type of insurance to replace your bike if it’s completely totaled. Your collision coverage helps take care of the expenses if you run into a vehicle, tree, fence, building, or other object. However, comprehensive insurance covers your bike if it happens to get damaged in an event that’s not a collision. For instance, it covers if your car is stolen and also covers if something should fall on your bike such as a hail ball. Additionally, you can use this type of insurance if it’s vandalized.

Parts Coverage

You can’t use this type of insurance to cover expenses at the mechanic if they’re related to your bike breaking down as a result of you not properly maintaining it. Moreover, it doesn’t provide coverage for expenses related to repairs needed because of wear and tear either. Generally, it only covers factory parts, meaning the ones that came with your bike. You’ll want to look into equipment coverage if you have nonstandard parts on your bike. 

Coverage Limits

You don’t have to have comprehensive motorcycle insurance, but if you can’t afford to replace your bike, you may want to have. An agent will discuss your options and help you make a decision. 

Contact 1st American Insurance Agency, serving the Longmont, CO area and nearby, for a quote.

 

Does Commercial Insurance Improve My Brand Image?

Companies are constantly looking for ways to improve their brand image. Now more than ever, a brand image impacts a company’s ability to attract new customers. Fortunately, there are lots of ways to improve a brand image, but it’s not all about the logo and color scheme that you choose for your website. In fact, there are many non-visual elements that influence consumers’ and other businesses’ opinions of your brand. For starters, your mission and values impact the perception people have your company. Another important element is whether you have commercial insurance. Here at the 1st American Insurance Agency serving Longmont, CO, we want every business to succeed. That’s why we’ve put together a list of ways that having commercial insurance impacts your brand image.

Protects Your Continuity

When you invest in commercial insurance, you are showing customers that you are concerned about protecting your continuity. You are essentially taking every step you can to ensure you are around for many years to come to serve your customers. That means that you don’t just intend to be here for them today, but also in the future, as well.

Shows Professionalism

Another way having commercial insurance improves your brand image is because it shows professionalism. When customers turn to a company for services or products, they want to know the company is professional in all of its endeavors, and having commercial insurance is a great way to show just how you professional your brand is.

If you would like to learn more about the ways having commercial insurance improves your brand image, please don’t hesitate to contact the 1st American Insurance Agency today. We serve areas in and near Longmont, CO.

3 Reasons to Make a Home Inventory

As a homeowner, you may cringe at the thought of making a home inventory due to the time and effort involved. A home inventory, however, can be a lifesaver if you were to suffer a major loss in a disaster. A home inventory is a practical means of documenting your personal possessions. By taking photos or videos of pricey items and collecting receipts, you can prove ownership of these goods and verify their value. If you’re still not convinced a home inventory is worth your time, the following reasons may change your mind.

Accurate Insurance Coverage

A home inventory will make it easier for you to choose accurate insurance protection for your personal belongings. This can help reduce home insurance costs. After reviewing your list, an agent from 1st American Insurance Agency will have a better idea of what kind of personal property protection you need so you don’t waste money on useless coverage.

Simplify Filing a Claim

A home inventory can simplify filing a home insurance claim if and when the need arises. If a fire or natural disaster ravages your Longmont, CO home and destroys most of your personal goods, you can simply refer to your list to see what you have lost. You don’t have to rely on memory to claim loss of personal property as you’ll have an accurate account of your goods to include photos and receipts as proof of ownership and value. This will take the stress out of making a claim after a disaster.

Verify Financial Loss

When you file your tax return, your home inventory can come in handy to verify your financial loss. It may also help you get financial assistance, if needed, after a disaster.

For help in selecting home insurance coverage, contact 1st American Insurance Agency in Longmont, CO.  

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.