Renovating Your Home This Spring? Don’t Forget to Update Your Insurance

Home renovations can not only make your home a more useful and pleasant environment but can add value to your Wheat Ridge, CO property. Adding a backyard patio or enlarging a bedroom will increase living space, making your home a more comfortable environment. Renovating a bathroom or kitchen can greatly enhance your home’s appearance and function.

Before beginning any renovation projects, however, talk to your CO Insurance Specialist agent to see how they will affect your insurance coverage. You may need to update your policy to protect these projects against damage or loss. Here are a few reasons why you may need to alter your coverage when making major improvements to your home.

Insurance Limits

The limits on your current insurance policy may be insufficient to cover the repair or replacement costs of major renovations in the event of fire, flood or storm damage. By extending your current limits or obtaining additional insurance coverage, you can ensure these investments are protected against any eventuality.

If you’ve purchased new furniture or equipment to go with your renovations, such as new kitchen appliances or patio furniture, you may need to raise your property damage limits to protect these items from unforeseen damage or loss.

Increase in Property Value

Major home renovations such as kitchen or bathroom remodeling could increase the value of your property, making your current policy insufficient to cover the replacement cost of your home. You may need to update your policy to offset this increase in value. As one of your most valuable investments, your home deserves to be well protected against any eventuality.   

By discussing your insurance options with a CO Insurance Specialist agent in Wheat Ridge, CO, you can get a better idea of the coverage you need to fully protect your home and personal assets.  

Ways Autonomous Vehicles Will Impact the Auto Insurance Industry

What was once a dream, may soon be a reality. Several autonomous vehicles are already available to purchase, and much more are expected to be rolled out in the coming years. Self-driving cars will have a major impact on all of our lives, whether you live in Wheat Ridge, CO or New York City, and they will forever change the automobile insurance industry. 

Here are a few of the ways these vehicles will alter automobile insurance: 

  • More automakers, fewer drivers will need insurance. When you’re involved in a car accident, one of the first things you’re told to do is to obtain the other driver’s insurance information. Today, drivers’ insurance policies pay for vehicle repairs and medical care for the occupants of both vehicles. In the future, this may not be the case. If the drivers aren’t driving, the accidents likely will be the result of a computer error. The car manufacturers, not the drivers, will need insurance. Drivers may reduce the amount of coverage they have, or they may opt out of the market altogether. 
  •  The auto insurance industry may shrink. While it’s not certain that this will happen, auto insurance companies may struggle to stay afloat as traditional cars are replaced with autonomous vehicles. 
  • Liability will be more difficult to determine. Many self-driving vehicles can be driven manually or autonomously. Determining whether a car, person or combination of the two is responsible for the accident won’t be easy. 

If you need automobile insurance near Wheat Ridge, CO, call CO Insurance Specialist at 720-638-0850. Don’t wait, contact an insurance company you can trust. Reach out to CO Insurance Specialist today!


Growing Family Equals Growing Home Insurance Policy?

While there is no question that a homeowner’s health insurance policy and life insurance coverage for a family should be updated immediately with the birth of a new child, the same can’t quite be said for a Wheat Ridge, CO homeowner’s insurance policy. The general position on the matter tends to be that a homeowner’s policy is focused on the home and its structure as well as associated property risks, not necessarily the addition of a new house-member. The above said, a growing family can impact the amount of personal property covered by a home policy as well as trigger renovations and changes to make accommodations for children or moving in relatives.

When any kind of a construction-type change is being made to a home, even for a family addition, the homeowner’s policy should be updated. Additionally, the expansion of family is going to increase the amount of personal property that needs to be protected, according to the experts at the CO Insurance Specialist. While clothing may not necessarily be a big issue to cover, furniture, electronics and additional appliances definitely should be addressed. Homeowners need to think in terms of what the additional material means to the total dollar figure needed for a disaster recovery, and then they should compare that with the figure that covers personal property loss in the current policy. More than likely, the figure will need to be increased as some point to fully address a larger family’s needs. And remember, flood insurance is separate from home insurance, but it’s the same situation in terms of adjustments.

To find out more about how a growing family indirectly affects a homeowner’s policy in the Wheat Ridge, CO area, the CO Insurance Specialist team is available both by email and phone or even in person to answer questions.

What is a Safe Driver Discount?

In the world of auto insurance, there are dozens upon dozens of discounts for things that are very obvious like not having an accident, to more policy specific discounts. It is important that when you set out to find your perfect policy, you understand some of the discounts you might be eligible for. For those in the Wheat Ridge, CO area, the agents with CO Insurance Specialist can help you determine which discounts you qualify for.

One of the most common discounts is going to be safe driver discounts. This means that you get a discounted rate on your policy premiums for not getting into an accident. So why would a company offer this type of discount? The longer you go without an accident the more money they save. It is the goal of the insurance company to have insured drivers that do not file accident claims.

In many cases, the discount only takes place after a specified amount of time without an accident. The space of time might be as short as a few months or as long as a year. Some call this a loyalty discount but for the most part they are simply rewarding you for not filing claims against your insurance. So who qualifies? Any driver that has had the policy for the specified amount of time with no accident can qualify for the discount to help save money each month.

For those that live in the Wheat Ridge, CO area, the agents with CO Insurance Specialist can help you determine which discounts you are eligible for and can help you go through a wide range of options when it comes to your policy and how you are covered. No matter what discount you ultimately get, your agent can help clear up any questions.  

How To Manage Auto Insurance For Those Who Live In Two States

Snow Birds And The Like Living In Two States Can Get Tricky

We all know someone who lives in a colder weather state, like Wheat Ridge, CO during the spring and summer seasons only to hightail it to Florida when it gets too cold for their exotic feathers. Aside from keeping warmer, there are financial and accountability items that you have to ponder if you make two states your permanent domicile.   

The first thing you would consider if you live in two states simultaneously would concern your tax accountability. It matters how many months you reside in either state. Another factor is where your business is primarily conducted if you are self-employed. While your accountant is the best person to speak with when it comes to your tax questions, your agent at CO Insurance Specialist will be able to assist you with the queries you may have regarding your insurance liability and other insurance questions.

Where Do You Park Your Car? 

Managing your car insurance if you live in two states begins the same way a normal one state dweller would approach their policy. What do you do with your car? Do you use it for work? How many miles are you driving in a normal day? Are you using your car for work in both states or is one domicile primarily used for recreation?   

If you are located in the Wheat Ridge, CO area, please feel free to stop in to discuss this insurance issue or any other questions you may have regarding your insurance policy. The insurance specialists at CO Insurance Specialist agency will set your mind at ease so that you can enjoy your double dwelling status or simply have clarity in your insurance matters.       

Discover the Benefits of Insurance Policies for Homeowners in Wheat Ridge, CO

You’ve purchased a new home and want to protect it.  Colorado Insurance Commissioner Marguerite Salazar says, “Don’t make any assumptions.  Take the time now to learn about your homeowner’s insurance.  Don’t wait for disaster to strike.”  That’s good advice that every Wheat Ridge, CO homeowner should follow.  While you may not be legally mandated to carry homeowner’s insurance, many lenders will require you to purchase insurance to protect their interests in the property.  The lender will specify the coverage amounts that they deem appropriate and how they prefer for proof of coverage to be submitted to them. 

Another recommendation is to make a list of the contents of your home.  According to a survey by the National Association of Insurance Commissioners, more than half of American homeowners do not have an inventory of the home’s contents.  Without this inventory, homeowners cannot be sure that they have the best coverage for their home and its contents.

Homeowners insurance is designed to protect the owner from damaging events.  It can also protect the homeowner from liability if someone is hurt while on the property.  It’s important for homeowners to fully review their policy so that they understand what it covers and what it doesn’t.  If there are any questions, it’s important to discuss them with the agent.   If gaps are discovered, additional coverage may be needed.  This is particularly important for items such as jewelry or antiques.  The agent will be able to discuss what is most appropriate for your situation. 

Today is the perfect day to come by and visit with your local CO Insurance Specialist.  To get started, you can visit our website and use our online quoting tools.  Then call a CO Insurance Specialist to get covered.

Getting the Best Auto Insurance Rates AND Coverage

Buying auto insurance can be challenging without an experienced insurance agent, especially if you are a new driver or have just purchased a new car. Unfortunately, far too many drivers without adequate knowledge of motor vehicle laws and insurance requirements purchase their automobile coverage online and simply take their chances that they are covering all their bases.

There is a better way! Did you realize that it does not cost a single dollar to speak with a CO Insurance Specialist and get their recommendations for your coverage? Knowing that you bought the right types of coverage in the right amounts will give you peace of mind. And, if the worst happens and your car is stolen in the middle of the night, or you’re involved in a vehicle accident, you’ll know that things are going to be alright. 

In Colorado, auto insurance liability coverage requirements are $25,000/$50,000/$15,000. These coverage limits mean that your insurance company would pay up to $25,000 per person for injuries as the result of a crash, and $50,000 total for bodily injury for an accident, as well $15,000 for damage that you do to someone else’s property. 

We’d like to point out the minimum required limits are pretty low. If you are involved in an accident and total another driver’s new vehicle, it will probably cost more than $15,000. Additionally, even though the state does not require uninsured or underinsured motorist coverage, it helps by covering medical and other expenses if you are hit by someone without good insurance coverage. 

For expert advice and guidance on automobile insurance in Wheat Ridge, CO, we recommend contacting CO Insurance Specialist, LLC at 720-638-0850.  



Home Plumbing Disaster and Coverage

Plumbing leaks and related disasters typically don’t happen out of the blue. A typical home plumbing system in Wheat Ridge, CO is under pressure with forced water fed by a city or county water municipal system. As a result, when a leak occurs, the pressure continues to work at it constantly, making what would normally be the passing of a few drops far more within a bit of time. Eventually, the pressure overcomes the joint or leak break, and bursts through as the leak becomes weaker than the rest of the pipe line.

Fortunately, plumbing systems are considered internal to a home and part of its inherent structure. So an original plumbing system for a home that has a bad leak burst flooding a room would likely be covered or addressed under most homeowner’s insurance plans and their language.

However, a home with a modified plumbing system, such as a water treatment or filtration system connected would change the nature of the home’s original plumbing. And changing the nature of the water mineral content can have significant effect on the lines. Unless the policy provider was updated with the change, a claim denial could occur when it’s found that a modified system had a disastrous leak. So any major plumbing changes need to be noticed and updated after installation, not after the line break and repair.

For those in the Wheat Ridge, CO region who have questions about bad water leaks, internal flooding, and plumbing, expert answers can be obtained from the CO Insurance Specialist. Their team of agents and staff have experience with a variety of plumbing issues as well as how different homeowner’s insurance package work and what they cover. Don’t wait for a plumbing accident to be your learning experience about home leaks and coverage. Find out by calling the CO Insurance Specialist today.

Upgrade Your Home Security and Lower Insurance Costs

Many insurance companies offer discounts to homeowners who take proactive measures to improve their home security. By upgrading your home security, you can discourage thieves and burglars from targeting your property in the first place, much less gain entry into your abode.

Before instituting security measures on your property, talk to a CO Insurance Specialist in Wheat Ridge, CO, to determine what measures qualify you for discounted insurance prices. Here are just a few ideas to help you get started:

Security System

A home security system comprised of sensors on windows and doors, security cameras, and a high pitched alarm can be a great deterrent against thieves. Many homeowners utilize a system that connects sensors around windows and doors with an alarm that is triggered when someone tries unlawfully to enter the home. Surveillance cameras in the entryway as well as in the front and back of your property will make thieves think twice before targeting your home.

Motion Sensor Lights

A dark house at night gives the impression that no one is home, making it an easy target for thieves and vandals. By installing motion sensor lights around your property, you can be alerted when people are approaching at night so as not to be caught off guard. Once lights come on, would be thieves are more likely to leave than risk being caught on camera or detected by you or neighbors. 

Security System Advertising

Placing a sign on a window or in your yard advertising that your home is protected by a security system is yet another deterrent that can discourage thieves from targeting your home.

To learn more about home security upgrades that can make you eligible for a discount on your home insurance, contact one of our agents at CO Insurance Specialist in Wheat Ridge, CO.



How a Speeding Ticket Affects Your Auto Insurance

Maybe you were in a hurry to pick your kids up from school, maybe you were running late for an appointment or maybe you just did not realize how fast you were driving. Regardless of why you were speeding, when the red and blue lights flash behind you and the officer writes you a ticket, you may immediately wonder how this will affect your auto insurance. Here is some information you should know if you are facing this situation.

A First Ticket May Not Affect You That Much

In some states, you can participate in driving school every two to five years to have one traffic ticket erased from your record. While Colorado is not one of these states, many insurers may overlook your ticket or reduce the amount of a ticket increase if you participate in traffic school after you get a ticket. This may limit the effects that a rare speeding ticket has on you.

When You Will See an Increase in Your Policy Amount

If your insurer will not allow you to take traffic school to reduce your rates, or you have multiple traffic tickets, you can expect your rates to rise when your current policy period ends. The amount of the increase will vary from company to company and depends on your record. Someone with two tickets will not see as big an increase as someone with an accident and two tickets, for example.

If you have a speeding ticket and your insurance rates have increased, you may be looking to price out insurance policies without companies. Call CO Insurance Specialist serving Wheat Ridge, CO today for a free price quote today. We offer affordable rates, even if you have an accident or ticket on your driving record.