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.
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.