What is the difference between classic car insurance and regular auto insurance?

Everyone knows what auto insurance is. The buyer insures a vehicle in the event of an accident or other mishaps against damages, not only to the vehicle he or she owns but also to other vehicles involved in the mishap if the owner is found to be at fault. An auto insurance policy also covers property damage, medical expenses, and legal liability. Owners receive a settlement for the damaged car or its replacement value minus the depreciation, depending on the model, make, and year.

But what about a classic car, like a decades-old sports car or a rare, luxury vehicle like a Bentley or Rolls Royce? As CO Insurance Specialist, serving Wheat Ridge, CO would like to explain, a classic car is treated like any other luxury item, like jewels or furs. Classic car insurance thus covers an agreed-upon value of the vehicle. Generally, that value is assessed by a respected appraiser and listed in a guide book that lists classic cars.

The insured classic car should be in good condition. If the car is totaled in a wreck or an accident like a garage fire or is stolen and not recovered, the policy will pay for the full appraised cost of the vehicle.

Why should you get classic car insurance? A classic car represents a considerable investment, both in time and money. Owners of classic cars also enjoy keeping them running and in mint condition. A classic car insurance policy protects the investment and insures that the owner can at least have enough money to replace the item if the worst happens.

For more questions on classic car insurance, feel free to contact CO Insurance Specialist, serving Wheat Ridge, CO.

Is A Carport Covered In Home Insurance In Wheat Ridge?

In Wheat Ridge, CO, home insurance policies don’t have specific coverage for carport but it is usually covered under “other structure” coverage. This coverage is for detached structures like garage, fence, carport, shed, and others. 

A lot of homeowners look for ways to remove it from their coverage since they don’t own any of these. Unfortunately, it is a complete package. You cannot exclude it. What you can do is to look for a home insurance company that does not include other structures in the basics of their home insurance policy. CO Insurance Specialist is one of the insurance companies that does not include other structure in their package.

However, it is still important to find out the basics of a home insurance policy as offered by most insurance companies in CO.

It covers the repair or rebuilds of your home

When your home is damaged by natural disasters like wildfire and hurricane, this policy will repair or rebuild it. However, there are exceptions. Damages caused by routine wear and tear, earthquake, or flood are usually not covered. However, you could pay for additional coverage for any of them.

It covers your furniture and fittings

It is not likely that your home will be damaged without affecting your furniture, fittings, clothes, and other belongings. This is why most home insurance policies cover the damage done on them but it is often to an extent. Most companies will pay you about 50 to 70 percent of the total amount of insurance for your belongings.

It covers your liability

If you or any member of your family hurts someone, a lawsuit may be filed against you. Your home insurance policy will pay your legal fees and the medical bills incurred by the injured party. You are also liable if someone gets injured in your property. Your home insurance covers that too.

It covers your additional living expenses

You have to put up in a hotel if your home is being repaired. In this situation, your home insurance policy will cover all the hotel bills albeit for a limited amount of time. It is a good idea to ensure that your insurance policy covers this as it usually pushes your insurance company to fix your home sooner to avoid paying more hotel bills. 

If you don’t have any “other structure” and you don’t want it covered in your home insurance policy, contact CO Insurance Specialist. 

What You Need to Know About Adding Teens to Your Insurance

Having a teen driver in the house can be cause for anxiety for a lot of parents. This is new territory and can feel intimidating. However, by taking certain steps you can make this transitional time less stressful. It is important to make sure you have all of your bases covered, however. Keep reading to learn more about adding teen drivers to your insurance.

How Can I Keep My Teen Safe?

The most critical question in parents’ minds is how to keep their teen safe while driving. First, have open honest talks about texting and driving. It is so important for teens to understand that texting and driving is not allowed, ever. Next, make sure your teen participates in a driver’s ed program. These programs are very effective at producing safer drivers. Next, stay involved. Work patiently with your teen while they are learning to drive. Do not stress them out with your anxiety. Relax. 

When To Add My Teen To My Insurance

You will need to talk to your insurance provider to learn exactly when you will need to add your new teen driver to your policy. Be prepared for a change in your rates. This is unavoidable. There are ways to get discounts, however. Some providers make discounts for good grades, and of course explain to your teen that in order to keep insurance costs low, they must avoid unsafe driving practices and accidents. 

Set Clear Consequences

If your teen does not abide by safety rules and family rules, then there should be clear consequences in place. This will help your teen understand just how serious driving is, and how expensive it can get when you are not careful. 

If you would like to learn more about adding a teen to your auto insurance contact our friendly staff at CO Insurance Specialist in Wheat Ridge, CO. 

The Necessity of Commercial Insurance for business.

Commercial insurance aims at shielding a business together with its owner and his employees. It is a requirement of the law and also a good precaution to take in case a disaster strikes, your business, and its assets are covered. This way, the business does not close its doors when there is a disaster because the insurance cover you have takes care of any losses.

Wheat Ridge, CO specializes in commercial insurances for freelancers who have been on the increase lately. CO insurance Specialist has taken It upon themselves to encourage freelancers to insure themselves and their businesses and educate them on the types of commercial insurances below:
Property coverage: This is to freelance firms which include property for example home offices.  This insurance covers any damage that befalls the home office.
General liability: In case someone sustains a bodily injury and tries to sue you, commercial Insurance for SMME’s has you covered. This type of insurance also protects you and your business against libel, copyright issues and slander.

Professional liability: Sometimes your actions may cause your clients to have financial problems. This insurance coverage protects you from lawsuits in case the clients decide to sue you.

It is important to have commercial insurance to protect you and your business. Without a commercial or business insurance, you risk losing it all in case of a tragedy or if you get sued by a client.  Liability insurance protects you and makes sure you stay in business even when you lose a lawsuit. 

CO Insurance Specialist has got all freelancers in Wheat Ridge, CO covered. They have agents who serve all residents living near or in Wheat Ridge, CO. The agents are available, reliable and very customer friendly. It is imperative to do thorough research before choosing a commercial insurance cover to ascertain that the type of coverage you choose relies on the business you are involved in. Call us today for the best commercial insurance services.

Do You Need Classic Car Insurance If You Never Drive the Car?

If you own a classic car, it is recommended that you purchase classic car insurance over traditional auto insurance. One of the questions that we at CO Insurance Specialist, serving the greater Wheat Ridge, CO area, are asked, is whether you need classic car insurance if you never drive the car. Here is what you need to know. 

What is Classic Car Insurance?

Classic car insurance is insurance designed for classic cars. With traditional auto insurance, you only get paid what the Blue Book value of your car is worth if it is damaged or in an accident. This can be low for an older car. Classic car insurance pays you what the classic car is worth on the resale market, not based on Blue Book value. 

What Does Classic Car Insurance Cover?

Classic car insurance covers many different scenarios, depending on the type of insurance you purchase. Classic car insurance may cover accidents, damage to the vehicle when it is parked, theft or vandalism. Carefully read through the policy you are considering buying before you purchase it to ensure it has the coverages you are looking for. 

Do You Need Classic Car Insurance If the Car is Never Driven? 

You should carry classic car insurance, even if the car is never driven. A great policy will cover damage to the vehicle even when it is not being driven or theft. A good policy will help to protect the investment you made in the car, regardless of whether it is being driven or not. 

It is highly recommended that you purchase classic car insurance for your vehicle, even if you never drive the car. If you are in the market for classic car insurance in the greater Wheat Ridge, CO area, CO Insurance Specialist can help. Contact us today for a free quote or to learn more. 

Does Home Insurance Cover Hail Damage?

Hail can cause a lot of damage to your home. It can leave dents or dings on your roof, siding or even break windows. At CO Insurance Specialist, serving the greater Wheat Ridge, CO area, we are often asked if hail damage is covered by your home insurance policy. Here is what you need to know. 

Does Home Insurance Cover Hail Damage?

Home insurance policies do typically cover hail damage that is caused by storms. However, it is important to carefully read through your policy to ensure that it is not excluded. As long as it is not specifically excluded, hail damage may be covered. 

When Does Home Insurance Cover Hail Damage?

Home insurance will typically cover hail damage as long as your property is well-kept and cared for. If the hail left behind dents or dings, they the repairs will typically be covered by home insurance. 

When Does Home Insurance Not Cover Hail Damage?

Home insurance will not cover hail damage is the damaged item was in poor condition. For example, if your roof is already at the end of its lifespan, hail damage may not be covered because you need to replace your roof anyhow, or because the damage would not have been as severe if the roof was in good condition. 

Having the right home insurance policy is important, as it helps to protect your home against various types of incidents. It is recommended that you take a look at your home insurance policy every couple of years to make sure the policy still works for you. If you haven’t looked at your policy in some time, now would be a great time to take a look. Bring it with you to CO Insurance Specialist, serving the greater Wheat Ridge, CO area and let us help you determine whether your policy still meets your needs or whether a new policy would be a better fit for you. 

Auto Insurance coverages available in Wheat Ridge, CO

The state of Colorado requires that all car owners have auto insurance to protect oneself in the event of an accident. The only choice you have is either to purchase the states’ minimum coverages or include the premium rates available. 

At CO Insurance Specialist, we provide you with all the guidance that you may require to help you select the most convenient, affordable, and goal-oriented package. Here are some of the standard coverages in Colorado’s auto insurance policy.

  • Medical: A medical coverage will settle bills for injuries on other people in your car who may get hurt in an accident.
  •  Bodily Liability. Liability protection means that if you’re found to be at fault in case of an accident, your policy benefits will be used to pay for the injuries sustained by other parties.
  • Property: In a road accident, the car may crash on other peoples’ property. In such situations, your property liability coverage helps compensate for the loss.
  • Comprehensive: This coverage primarily protects your car from theft, glass breakage, fire, vandalism, and other elements that may damage the vehicle.
  • Collision: Collision coverage exclusively comes in only when your car collided with another vehicle, animal, trees, stones, or other motorists like motorbikes irrespective of who is at fault.
  • Uninsured/underinsured: Every country has those few drivers who drive without valid insurance policies. In an incident where you’re hit by a motorist who is either not adequately insured or completely uninsured, they may not be in a position to pay for the damage or injuries that you may sustain in the occurrence regardless of whether they’re at fault. This policy compensates for that.

Accidents knock anytime and if you’re not prepared may have to pay large sums of money to save lives. CO Insurance Specialist in Wheat Ridge, CO helps you cover yourself, family and other motorists. We encourage you to visit us, and we will ensure to get you a rate that is perfect for you.


An Overview On Commercial Insurance

Part of what makes running your own business such a thrilling experience is taking calculated risks and seeing them pay off. However, a savvy businessperson is aware that a disaster could strike at any moment and force the business to close its doors. Moreover, if you have employees, assets, and running contracts, the law requires you to have business insurance.

Nonetheless, as insurance might not be one of the fields you have specialized in, you might feel out of your depth when looking into commercial insurance coverage. CO Insurance Specialist, which serves the people of Wheat Ridge Co and other parts of Colorado, understands how insurance can be a hard topic to comprehend. Thus, our experts have taken the initiative to help you know the basics of commercial insurance, so you can be more knowledgeable when choosing your coverage.

What is Commercial Insurance?

Also known as business insurance, it is an insurance product meant to protect a business, its owner, and the employees. But as there are different types of businesses, there is no one-size-fits-all commercial insurance policy. As such, the type of coverage you choose relies on the business you are in.
Nonetheless, most commercial insurance policies incorporate basic coverages such as liability, property, auto, crime insurance, as well as other optional but necessary coverages such as equipment breakdown insurance, workers compensation, and business interruption insurance.

In spite of that, there are two main commercial insurance coverage options, and they include Commercial Property and Commercial Liability policies.
A commercial property coverage protects your business assets – buildings, equipment, vehicles, stock, furniture, etc. – against theft, floods, fires, vandalism, and more.
A commercial liability coverage protects you against any claims for damages caused by either your business operations or as a result of using your products.

CO Insurance Specialist has many other customized commercial insurance packages designed to fit your type of business. Thus, if you are in Wheat Ridge, CO, give us a visit us or contact us, and we will be glad to serve you.

Is Classic Car Insurance Less Expensive?

Owning a classic car is an enjoyable experience and helps you take a walk down memory lane. You do need insurance for your classic car, and that type of insurance is known as classic car insurance. You might be wondering whether that insurance is more or less expensive than standard car insurance. Here is some insight on that, courtesy of CO Insurance Specialist serving Wheat Ridge, CO.

The cost difference

Many people might assume that insurance for a classic car costs more than insurance for a regular car. But the opposite often is true, so many times, it is less expensive.

There are reasons for classic car insurance typically being less expensive than standard insurance. For example, there are certain restrictions for classic cars, and those lower the price of insurance. Some of the restrictions might relate to when the vehicle is permitted to be driven, the distance away from home that it can be driven, and the places to which it can be driven.

Because classic cars are restricted as far as how often they are allowed to be driven per the insurance policy, they are automatically less likely to be in accidents and experience damage. It is thus less expensive to insure them.  

Factors that affect the cost of insurance

Many factors can help to determine how much classic car insurance costs. For example, how much the car will be driven, how old the car is and how it will be used can affect the cost.

Purchasing classic car insurance can be somewhat more complex than obtaining insurance for a different type of car. If you need help deciphering all those ins and outs, we can help. So feel free to contact CO Insurance Specialist serving Wheat Ridge, CO with your questions about classic car insurance.

3 Facts About Home Insurance You Need to Know

If you have a home in Wheat Ridge, CO, you need the right home insurance to protect it. Most homeowners do not understand how home insurance works. It is wise to understand your home insurance to prevent unpleasant surprises. Contact an insurance agency with enough knowledge to explain things. CO Insurance Specialist is a great option. They will help you understand the coverage of your policy. The following are some basic facts about home insurance.

It Does Not Cover Everything

Do not assume that your home insurance covers all damages. A standard policy protects the structures of your home, its contents, and liability. Home insurance covers accidents that are unforeseen and unintentional. If an accident happens due to your negligence, it won’t be covered. Home insurance does not cover natural disasters, but you can purchase special covers that do. If you run a business from home, your home insurance does not cover the business equipment and property.

Your Dog May Affect Your Home Insurance

Insurance providers do not like your dogs as much as you do. Some insurance providers do not insure certain breeds of dogs. The costs of a dog bite can be high. If your dog is large or aggressive, you may have to pay higher premium rates than you expected. You may, however, buy a separate insurance policy for our dogs. Some of the dogs that most insurance providers blacklist include Akita, Cane Corso, and German shepherd.

You Need to Make a Claim Fast

There is usually a deadline for when you can make a claim. In case of damages, make a claim as soon as possible. If you miss the deadline, your insurance provider may not offer you compensation. Most home damages get worse with time.

Contact CO Insurance Specialist for your home insurance needs in Wheat Ridge, CO.