The Basics of Classic Car Insurance

Do you own a precious vintage auto? If so, then classic car insurance is the best policy for you rather than the typical auto insurance coverage. Classic car insurance providers such as CO Insurance Specialist in Wheat Ridge, CO offer protection to these highly-priced autos than any other standard coverage. Since classic autos are normally used on rare occasions, they are limited to car damages hence fewer insurance claims than the regular autos. This post will outline some of the qualifications and benefits of classic car insurance.

Qualifications for classic car insurance

While shopping for your classic car insurance, make sure that you and your vehicle qualify for the coverage. Below are common restrictions and factors that determine if your auto qualifies for this insurance:

  • You are the registered car owner
  • You must be 25 years and above
  • You have at least 10 years of driving experience
  • The auto is only used for relaxation purposes
  • You hold a great driving record
  • The auto’s use is not more than 5,000km/year
  • The car will remain in Wheat Ridge, CO
  • You’ll only use the car to travel to shows – not for family trips/vacations
  • You have another passenger auto for daily use insured to a separate policy
  • You keep the car in a safe location like a private barn, residential garage, or rental storage unit
  • You will never take it on an off-road expedition or race.

These qualifications may seem strict but they are put in place to protect your vintage car from damage. Here are the benefits or classic car insurance:

  • Customized coverage precisely for you and your auto’s needs, like frequency of use and type of vehicle –for autos that are in garage or museum year around.
  • Emergency coverage services
  • Special events coverage for modified or stock/ special interest.
  • Fewer premiums for less mileage- you only use it in shows and weekends
  • Lower premiums
  • Spare parts coverage

If you reside in Wheat Ridge, CO, and its environs, feel free to contact CO Insurance Specialist for more information about classic car insurance or for a quote.

How Will Commercial Insurance Help Me?

If you own or manage a business, taking the necessary steps to ensure your investment, business, and employees are properly protected is a necessity.  For those that are in the Wheat Ridge, CO area, one of the best ways to do this is to get a full commercial insurance policy in place.  A commercial insurance policy could help you in several different ways.

Cover You From Liability

If you produce a product or service or routinely have customers into your place of business, you are taking on a lot of liability whenever someone uses your items.  When you have a commercial insurance policy in place you will receive liability insurance coverage.  This will protect you from expenses associated with injuries, illness, or other losses that you could be deemed liable for.

Property Coverage

If your business owns real estate or valuable equipment and merchandise having a commercial insurance policy in place will help to protect your assets.  If any of your business assets are damaged, destroyed, or stolen, the commercial insurance policy will provide you with full coverage to replace those items.  You can even receive business interruption insurance that will provide you with cash flow if you are not able to operate for a period of time.

Workers Compensation

Workers compensation is a type of insurance that is often required by law.  It will provide coverage for you and your employees in the event they are injured while working.  In Colorado, if you have four or more employees you will be required to carry workers comp insurance.

Since picking the right commercial insurance policy is such a big decision for Wheat Ridge, CO business owners, speaking with CO Insurance Specialists would be a great option. CO Insurance Specialist will help build you a commercial insurance plan that provides you with necessary coverage.

Does My Commercial Insurance Cover My Business Vehicles?

As an entrepreneur, you need insurance protection for the trucks, cars, vans, and other vehicles you use to do business or for personal business travels. Your personal auto insurance doesn’t cover some of the vehicles you use at work. As a result, you require a separate policy known as commercial vehicle insurance. If you conduct your business in Wheat Ridge, CO, you can get this coverage from insurance companies like CO Insurance Specialist.
Most business people in different states are required to buy liability insurance for property damage and bodily injury that could occur due to an accident involving your company vehicles. Other states also require business owners to have underinsured/ uninsured motorist coverage including medical payments coverage. You may also buy physical damage coverage for the vehicles your company hires, owns or leases. 
Each vehicle used in your firm is separately listed on the policy along with its coverage limits. In simple terms, it means that you can pick different coverages for different vehicles, although this is determined by the characteristics of the vehicle and the protection you require for it. 
Which vehicles are protected?
The scope of coverage can either be narrow or broad depending on the company’s choice of options. For instance, the company can apply for one specific car or a policy may be written for a named liability exposure that may arise when any vehicle in the firm is used (broad coverage).
To be on the safe side, you should get coverage for all the vehicles your business uses, including those that the company does not own, lease, or hire. This coverage also protects a firm from any liability when an employee drives a personal vehicle for business purposes. 
You can get your commercial auto insurance coverage from CO Insurance Specialist, a company that serves the Wheat Ridge, CO area. Contact us for more information.

How to Determine the Right Amount of Auto Coverage

If you own a vehicle in Wheat Ridge, CO, you should already know that you need to have auto insurance before you drive it anywhere. Having this coverage is something that is required by law in the state. However, there are some people who want to have more than the minimum state coverage so they can be better protected. If this is the case for you, use this guide from CO Insurance Specialist to find the right amount of coverage for you. 

  • Make sure you at least have the state minimum requirements. If you do not have the minimum coverage, you could end up in some legal trouble as a result. Verify you at least have this coverage at a minimum. 
  • Consider getting coverage to match the value of your vehicle. If you have a newer vehicle or one that has a higher value associated with it, you may want to consider getting enough coverage to match the value of it in case anything were to happen. 
  • Explore different deductible limits. Higher deductibles usually mean lower premiums and you can get more coverage if you can handle a bigger deductible. Do not opt for a higher deductible if you cannot afford to pay for it, however, or you could find yourself in some financial trouble.

If you are still not sure just how much coverage you should have or if you would like to take a look at your current policy, be sure to reach out to us today here at CO Insurance Specialist, serving Wheat Ridge, CO. We will take a look at your policy to make sure there are no gaps in coverage and can even help you find a new policy that meets your needs and your budget. 

Home Insurance Policies: What is Covered, What is Not

Home insurance policies protect the most important things in your life. Some subscribers, however, are confused by what exactly is covered by their policies. CO Insurance Specialist want to ensure that all homeowners in the Wheat Ridge, CO area understand their risks. What is covered by a typical homeowner’s insurance policy? What isn’t?

  • Your home’s structure is protected by your policy from various threats. This includes repairing or replacing the walls, floors, roof, and other necessary components of the dwelling. By default, most policies cover damage from natural disasters like fire, hurricane, and lightning. Damage from floods, earthquakes, and normal wear-and-tear are generally not included. You may be able to obtain coverage, however, with a customized policy. Your insurance agent can give you more details.
  • Personal belongings like clothing, artwork, and electronics are also covered by your primary homeowner’s policy. Keep in mind, these policies have a payout limit. If something happens and you lose everything, your insurance may not give you enough to replace everything. Those with expensive collections should purchase additional coverage to ensure they will be reimbursed for the loss of their property.
  • If someone hurts themselves while on your property or has their belongings damaged, your liability coverage will pay medical bills, court fees, and any other costs associated with the case. It does not cover damage to your own property or injury to members of your household. Additional policies can cover these gaps.

Each insurance is different. Agents customize coverages to suit each individual case. Do you have enough homeowner’s insurance for your home in the Wheat Ridge, CO area? Contact the experts at CO Insurance Specialist for a customized analysis of your insurance needs.


Is The State Minimum Required For Auto Insurance Enough?

Driving in Wheat Ridge, CO is a privilege, not a right. In order to be allowed to operate an automobile on the streets and highways of the state, you must prove you are responsible This means you:

  • Maintain a safe vehicle
  • Have a current and legal drivers license
  • Insure the automobile to at least the state minimum coverage

Check with your insurance agent. You will be shocked at how low the coverage amount really is.

Does This Mean You Are Covered?

The answer is (almost always), partially. CO Insurance Specialist serving Wheat Ridge, CO explains. If your car was damaged the minimal coverage will usually pay enough to cover the damages. However, if the car is totaled, it probably will not pay enough to replace the car. Even if your car was very carefully cared for and in perfect condition you will be paid the blue book value of your car, which is rarely enough to replace it.

If you sustain minor injuries, there is enough coverage for treatment. However, if you are hurt seriously, your hospital stay, surgeries, therapy, and medical needs can easily go into the hundreds of thousands of dollars. In short, you can find yourself in financial and physical trouble very quickly.

So, What Can You Do?

Colorado Insurance Specialist. They can show you how to add uninsured or underinsured coverage to your policy at a very reasonable price. This is your safety net. This is how you make sure you have protection and peace of mind for your family.

What You Need To Know

All insurance companies are not created equally. Some will try to twist things around to save their company money. CO Insurance Specialist has been in business since 1988. They will gladly answer your questions. You can visit them online or give them a call. They can show you what you are missing and help you find the right coverage.


What Are the Benefits of Commercial Insurance?

Owning a small business is a dream for many people.  While owning a small business can be a great way to work and earn a living, there are risks that are involved with it.  One way to help mitigate some risks is to have commercial insurance in place.  There are several benefits that are received when you have a quality commercial insurance policy in place.  

Liability Protection

For those that are in the Wheat Ridge, CO area, having protection against liability is one big benefit of having commercial insurance in place.  When you own your own business and sell a product or service, you are taking on a certain amount of liability.  If someone is injured through the use of your product or when at your place of business, you will likely be held accountable.  Having a commercial insurance policy in place will help to protect against this risk.

Protect Your Assets

Another reason why having commercial insurance in place is a good option is that it will help to protect your assets.  When you have a business you will likely have valuable pieces of equipment and other fixtures that are expensive to replace.  If these items are damaged or stolen, your commercial insurance policy will provide you with the coverage you need to replace these items.  This can help to save a lot of money for your business.  

When you are looking for a new commercial insurance policy, a great place to start your search is through the CO Insurance Specialist company.  The CO Insurance Specialist company can help Wheat Ridge, CO small business owners better understand their insurance needs and the benefits of having coverage.  The company can then help you get into a policy that provides you with the necessary protection.  

Is Vandalism Covered By Comprehensive Auto Insurance?

Vandalism is a common problem for people who live in larger cities, but not so much in smaller towns and communities. Although it can happen anywhere, many people don’t fully protect their vehicles from this type of damage. The agents of CO Insurance Specialist serve the residents of Wheat Ridge, CO and the surrounding communities. When you contact their office to inquire about auto insurance, they can help you find the best policy for your individual needs.

What Type of Damage Is Considered to Be Vandalism?

Vandalism can include a wide variety of damages, including:

  • Scratches from keys or other metal objects
  • Broken windows
  • Spray paint 
  • Broken mirrors
  • Damaged bumpers
  • Stolen tires or other car parts

While there are other types of vandalism, these are the most commonly reported. Many of these are covered by comprehensive auto insurance policies, but not under collision or policies that provide minimum coverage.

How Do I Know If I’m Covered?

It’s important to know what type of policy you have before you experience any type of vandalism. If you aren’t sure what is covered under your policy, you need to talk to your insurance agent. They will go over your policy with you so that you understand what is and is not covered. In most cases, having a comprehensive policy will cover most types of damage whether they were caused by an accident or not.

If you’re concerned about vandalism and want to learn more about comprehensive auto insurance coverage, call CO Insurance Specialist today and speak to a reputable agent. They provide service to many residents living in or near the Wheat Ridge, CO area. Don’t risk having the coverage you need. Call their office today for an insurance evaluation.

Commercial Insurance in Wheat Ridge, CO

Wheat Ridge, CO is a lovely place to live, work, and play. Many people come to Colorado to open a business, because the state offers many benefits for business owners that are over and above what is seen in some other states. But no matter what kinds of great perks a company and its owners may be getting, they still need to make sure they have good insurance. Operating a business comes with risk, and protection from that risk can bring not only peace of mind, but can also reduce the chance of a business being sued or otherwise facing problems that are best avoided.

Fortunately, at CO Insurance Specialist a business owner in Colorado can get quotes from multiple insurers at one time. Then they can work with an agent to pick the best quote for their specific business needs. That can make things much easier for them, and help them get back to operating their business without worry for the future. Good insurance is very valuable, and depending on the type of business the need for insurance may be very different. A large office full of people working at their desks, for example, will require different insurance than an assembly plant. The risks are different, and the commercial insurance policy should be, as well.

Any business in Wheat Ridge, CO that needs commercial insurance protection would be wise to reach out to CO Insurance Specialist and get quotes from multiple insurance companies. That way they can get started toward protecting their company, and by working with a knowledgeable agent they will be better prepared, since they can get their questions answered. Peace of mind is an important part of doing business, and that peace comes through a good insurance policy that protects a business’ commercial interests the right way.

Does My Colorado Home Insurance Policy Cover Natual Disasters?

Natural disasters are devastating and often unexpected. It’s a horrible feeling to find out that your home insurance policy won’t help you rebuild after a disaster, which is why it’s a good idea to know what your policy covers in advance. Insurance policies can vary greatly in what they cover, so if you already have home insurance, it’s a good idea to contact your insurance company. If you don’t have a policy yet, get in contact with CO Insurance Specialist, which serves Wheat Ridge, CO, to find out what most policies cover and to learn if you can get special coverage for specific circumstances.

Is Fire Covered?

Most policies will pay out to repair or replace anything that’s been damaged inside your residence by smoke, flames, ash, soot, and water, according to the Colorado Department of Regulatory Agencies. Your insurance company will likely ask for an inventory of items, as they’re only required to pay for personal property that you can prove you owned at the time of the disaster. This is why it’s a good idea to make an inventory of your belongings, and this advice applies to any type of natural disaster preparation.

Are Floods Covered?

If there’s water damage from a broken pipe, your policy will likely pay for the damages. However, homeowner’s insurance doesn’t cover flood losses. For protection against flood damage, you need to get flood insurance through the National Flood Insurance Program.

Are Natural Disasters Such as Tornados, Earthquakes, and Hail Covered?

Earthquake damage is usually not covered under a standard policy; you’ll have to add on earthquake coverage separately. Tornado damage is usually covered by a standard home insurance policy. Damage from hail storms and windstorms are usually also covered under a standard policy, so you probably don’t have to purchase additional coverage.

There are many other scenarios that could occur, such as landslides, nuclear accidents, war, sinkholes, and drone crashes. If you have specific concerns you want to address, call CO Insurance Specialist, which serves Wheat Ridge, CO, for more information.