In Colorado, it’s required by law to have auto insurance for all vehicles that you own. You need this insurance from the first day you own the vehicle and keep proof of insurance inside it. When you need auto insurance for a vehicle you’re buying or want to switch insurance companies, call us at CO Insurance Specialist in Wheat Ridge, CO. 

Bodily Injury Liability

To stay legal in Colorado, you must have a lot of bodily injury liability coverage. There is one amount that is required to be in place for one person who is injured. Then, there is another amount that is required for all of the people who are injured in the accident. Both of these amounts are relatively low, so it’s often recommended to raise the amount you get higher than what is required.

Property Damage Liability

One amount for this coverage is required to be in your insurance policy. This coverage pays for someone else’s property damage after an accident. This may be to another vehicle, building, or pole, among other things. This amount is also relatively small in Colorado, and getting more than the minimum required by law is often recommended. 

Uninsured/Underinsured Motorist

This coverage is required to be in your policy when you first build your policy. However, it can be refused through writing. It’s often a good idea to keep this insurance in case a motorist strikes you without enough insurance or none at all. This insurance comes with an amount for one person who is injured and another amount for everyone in the accident who is injured. You can get as much of this coverage as you have in your bodily injury liability. 

Get Auto Insurance 

Call us today at CO Insurance Specialist in Wheat Ridge, CO if you need auto insurance.

When you are the proud owner of a classic car, you must ensure it’s adequately insured. Classic car owners in Wheat Ridge, CO can come to us at CO Insurance Specialist for classic car insurance. 

It’s essential to understand your priorities when you buy classic car insurance. The following are three priorities you should be aware of when you choose a policy. 

Covering the full value of your classic car

It is crucial to assess the value of your classic car and ensure that your policy covers you for its full value. You should also invest in a replacement value policy rather than an actual cash value policy. 

In the event of a total loss, a replacement value policy compensates the policyholders with funds to replace the vehicle completely. This is different from an actual cash value policy, which only compensates the policyholder for the vehicle’s market value at the time of the accident. 

Meeting vehicle insurance requirements in Colorado

Colorado has auto insurance requirements that vehicle owners must meet. The policy requirements for a classic car owner are the same as the policy requirements for the owner of a standard automobile.

To drive your classic car legally on public roads in Colorado, you need to have a policy that has at least $25,000 in bodily injury coverage per individual in an accident. Your policy also needs to have $15,000 in property damage coverage. 

Understanding the details of your classic car insurance policy

You should never purchase an insurance policy that you don’t fully understand. Read over your policy and ask your insurance provider any questions to ensure you understand the coverage you’re getting. 

We will help you focus on these priorities and buy the right policy when you choose classic car insurance in Wheat Ridge, CO. Get in touch with us today at CO Insurance Specialist, and we’ll give you a quote on a policy. 

Having great auto insurance is just one way to stay safe out on the road. It is always best, though, to prevent accidents first. One way you can do this is by always maintaining your car. At CO Insurance Specialist, serving Wheat Ridge, CO, and the surrounding areas, we make it our job to help clients always stay safe on the road. Keep reading to learn more bout maintenance tips for your engine. 

Why Does Engine Maintenance Matter So Much?

An engine in poor working order can risk you and your passengers. When engine maintenance goes ignored, you run the chance of engine malfunctions while driving. If this happens, it could result in fires, loss of vehicle control, or other dangers. 

Maintenance Tips for Your Engine 

Always keep your oil changed at regular intervals. Regular oil changes are the best way to keep your vehicle’s engine in top working order. The engine cannot function properly if it does not have the right amount and type of oil. If oil is left for too long, it becomes dirty and cannot function properly within the engine. 

You should also always have repairs done as soon as possible. Allowing engine repairs to go unfixed can weaken your engine and ultimately cause bigger future repairs. 

Keeping your cooling system in proper working order is another maintenance job that you should not ignore. When the cooling system isn’t working correctly, it can cause your car to overheat and put you at risk. 

If you want to learn about our auto insurance services, please contact us at CO Insurance Specialist serving Wheat Ridge, CO, and the surrounding areas. 

At CO Insurance Specialist in Wheat Ridge, CO, we see how much our clients invest in their exotic cars. Although these cars might be new on the market, they can be as valuable as a restored antique model. Unlike a domestic vehicle, your exotic car has special considerations that a classic car insurance policy can include in its coverage. 

What is Classic Car Insurance?

Classic Car Insurance is essentially automobile insurance with some features that are tailored to meet the needs of certain valuable automobile owners. Since parts can be more expensive or challenging to replace for a classic, antique, or exotic automobile, these policies tend to have higher amounts of coverage than regular automobile insurance. Additionally, classic car insurance can cover liability, medical expenses in accidents where the policyholder is at fault, and replacement or a portion of the replacement costs if the car is stolen.

What does Classic Car Insurance cover?

For classic, antique, and exotic vehicles, classic car insurance policies sometimes cover liability, medical expenses, replacement parts, replacing a stolen car under the policy, and more. Some policies have other add-ons, such as towing coverage, which is especially helpful for exotic vehicles you intend to drive.

Should I get Classic Car Insurance for a new exotic vehicle?

If you have a new exotic vehicle, classic car insurance could be a worthwhile purchase because of the high-value nature of the car. New exotic vehicles share many of the features that make antique automobiles require classic car insurance, so most classic car insurance policies include exotic vehicles in their coverage.

Call our office today to see if classic car coverage at CO Insurance Specialist in Wheat Ridge, CO is suitable for your exotic vehicle!

 

Do you often drive through Wheat Ridge, CO?

The professionals at CO Insurance Specialist can provide the auto coverage you need to drive with security and teach you why it is required by law.

Why do you need auto insurance in Colorado?

Auto insurance is mandatory in 48 out of 50 states and offers financial protection. If you cause an accident, you could be held responsible for all associated costs. This includes legal fees, the injured party’s medical costs, or their lost wages if they are unable to work. Liability coverage will help pay for these expenses.

When you purchase a car with a loan, the lender will require the purchaser to have insurance. Car loan lenders require collision coverage which pays for repairs to the vehicle if the policyholder is responsible for a crash.

Comprehensive coverage is also mandated to cover repairs or replace a vehicle if it is stolen or damaged by something other than a collision.

Gap insurance could also be required. This coverage pays the difference between what is owed on the vehicle loan and the amount their insurer would reimburse them if their car were totaled. This is important because most insurers will pay below what is owed on the loan.

Another good reason to have auto insurance is it protects the driver’s assets. Without this coverage, a driver could be financially responsible for any costs associated with the accident. This could mean paying all legal fees and damages. These expenses would have to be paid out of pocket without insurance coverage. If your home is mortgage-free, if you have a lofty savings or retirement account, or other assets, they could be at serious risk.

CO Insurance Specialist in Wheat Ridge, CO can answer any questions or provide a no-obligation quote. Contact our office today. 

There are many different types of insurance. There’s home insurance, health insurance, and auto insurance. There is also a specific type of insurance for classic cars outside of auto insurance. What is classic car insurance, and is classic car insurance right for you?

What is classic car insurance?

Classic car insurance is insurance that is meant for classic cars. Regular auto insurance is not suitable for classic cars because it takes into account the depreciation value and age of the vehicle over time. This means that your classic car would be next to worthless, according to regular auto insurance. This is when classic car insurance comes in. Classic car insurance coverage depends on what the insurance company and the car owner determine as its value. Classic car insurance has some of the same types of coverage as auto insurance, such as liability coverage and comprehensive and collision coverage. However, it also has more limitations and smaller premiums.

Is classic car insurance right for you?

If you have a car that is over a certain number of years old, usually a couple of decades or older, you might be better off with classic car insurance to get the proper amount for the value of your antique vehicle. There are some limitations, though. Regular driving requires a different car. You have to have a safe place to store your automobile, such as a garage, a storage unit, etc. Classic car insurance is right for you if you own one of these types of cars.

• Collectible cars that are 20 years or older
• Muscle cars or hotrods
• Exotic vehicles
• New ultra-luxury or high-performance cars

Contact Us

There are a variety of standards and limitations to qualify for classic car insurance, but if you qualify, there are some perks that are suited to your classic car. If you have a classic car, contact us at CO Insurance Specialist in Wheat Ridge, CO.

Do you live in or near Wheat Ridge, CO? If so, you live in one of the 48 states that require car insurance. A CO Insurance Specialist can provide the coverage you need to ensure you are within the law.

Car insurance will provide financial protection. You could be held responsible for associated costs if you are at fault. They may include legal fees, the injured party’s medical costs, or their lost income if they are unable to work because of the injury. The liability coverage helps pay for these expenses.

If caught driving without car insurance, you could be faced with a hefty fine or, in some cases, jail time. The government requires car insurance for the same reason it requires seat belts. Both protect drivers and passengers from disastrous scenarios.

If you are involved in a crash in which you are at fault, the driver and other passengers could sue you for 100% of their medical costs, loss of use, vehicle damage, and more. A bill of this size could be more than $100,000. Don’t put yourself at risk of financial devastation.

If you are hit by someone else, you will be glad the law requires car insurance. If an uninsured motorist hits you, it may take a very long time to get the money you are entitled to, if ever. While waiting for payment, you are responsible for medical payments, vehicle repairs, and other expenses.

Every driver needs liability insurance. Only some need collision and comprehensive coverage. Collision coverage helps cover the cost of replacing or repairing your car if you cause an accident or the other driver does not have enough insurance to cover the repairs. Comprehensive coverage will pay for damage resulting from vandalism, floods, theft, falling trees, deer, etc.

Don’t be caught driving without insurance. The risk is too significant. Contact a CO Insurance Specialist today for a quote.

Are you a classic car enthusiast? If so, is your investment protected with classic car insurance? The CO Insurance Specialist in Wheat Ridge, CO is the professional you can call for all your insurance needs, including classic car insurance.

Whether you paid a tidy sum to make it yours or rebuilt it from the ground up, your special hobby deserves to be protected with the best insurance coverage available.

While it seems to make sense that you can add your classic car to your existing car insurance policy, there are good reasons to have a policy specially tailored for your classic car.

A classic car policy will include typical vehicle coverage with collision, liability, and comprehensive coverage. But it will also cover you in other ways.

• When your policy is written, you and your insurance carrier agree on the car’s value based on the condition and market value of the vehicle. Therefore, you are compensated for the actual value with no depreciation included.
• You do not need to go to a repair shop designated by your insurance carrier. You can usually go to a restoration or repair shop of your choice.
• Some providers specializing in classic car coverage will search for parts that are hard to find, enabling you to have coverage for original replacement parts.
• Often, you may have the choice to drive whenever you want with no mileage restrictions.

Well-maintained classic cars hold their value and many times will appreciate in price. You want insurance that will recognize your vehicle’s true market value and provide the liability, comprehensive, and collision coverage that is needed.

The pros at CO Insurance Specialist serve the Wheat Ridge, CO area and are ready to answer all your questions. Contact our team today. You will be glad you did.

Even with a full coverage auto insurance policy, there are additional add-ons that you can purchase to make it the perfect fit for you. Talking with your independent insurance agent in Wheat Ridge, CO, you can count on CO Insurance Specialist to provide the necessary answers and products. 

A full auto coverage policy will include liability coverage, collision, and comprehensive coverage. These will protect your vehicle from accidents and other things that can damage it. But there are a few add-ons that you can supplement your policy with. 

Gap coverage

Buying a new car loses much of its value as soon as you leave the dealer. If you have put down a small down payment and have a large car loan, having gap coverage can keep you from owing money to your lender beyond what the insurance company pays you. 

Roadside assistance

When your car doesn’t start or gets a flat tire, it is nice to be able to call and have someone come and do the repair for you. The cost of this coverage is quite a lot less expensive than auto-club coverage. 

Rental car coverage

If your vehicle is damaged in an accident or another non-collision event, it may be in the repair shop for a while. While it is there, having a rental car is a big plus. To get a rental car, you need to have rental car coverage. 

Full glass coverage

If you have comprehensive insurance, you will have some glass coverage, but you will have to pay your deductible. If you have full glass coverage, you won’t have to pay a deductible, and you will be able to get your windshield easily repaired or replaced. 

Contact the CO Insurance Specialist of Wheat Ridge, CO when you are ready to update your auto insurance. 

If you own a classic car that you have restored or invested money in, you may not realize that regular auto insurance may not fully cover the value of your restored or rebuilt car. This is why you may need classic car insurance. Unfortunately, the staff at CO Insurance Specialist, serving the greater Wheat Ridge, CO area, have seen that many people have never heard of classic car insurance or make the mistake of insuring their classic car with regular auto insurance. Here are a few reasons why you should have classic car insurance versus standard auto insurance for a rebuilt classic vehicle.  

Classic Car Insurance Covers Your Car Based on an Agreed Upon Value

Traditional auto insurance values vehicles based on their Bluebook value. They do not consider that some older vehicles may be worth more if they are restored or rebuilt. When you purchase a classic car insurance policy, you and the insurance company agree on the value of your classic car, ensuring your vehicle is insured for its true value. 

Classic Car Insurance Covers Add-On or Aftermarket Parts

Another reason why classic car insurance is essential to have is that classic car insurance helps to cover add-on parts or aftermarket parts. These parts can be pricey, but they are not usually covered under regular auto insurance policies. Classic car insurance covers these expensive parts you have purchased for your car.  

If you have a rebuilt or restored classic vehicle, traditional auto insurance may not value the car as high as you do. This is why classic car insurance is so important. If you have a classic vehicle in the greater Wheat Ridge, CO area, the team at CO Insurance Specialist can help you obtain classic car insurance. Reach out to us today to get started.