Month: November 2013

Am I required by law to have insurance on my boat in Centennial, Colorado?

Posted on by AgentInsure

There are a lot of people in Centennial, Colorado that own a boat. In the state of Colorado, a boat is required to be registered by law in order for it to be used on the waterways. Whether a person decides to insure their boat they are taking the responsibility to protect their large investment. Here are some things to think about before when insuring your boat.

How to Insure Your Boat in Colorado

  • When looking to insure your boat make it a point to carry a high liability coverage to help protect you from having to pay for expensive damages.
  • Add physical damage coverage to help with the cost of repair your craft from damage from a covered peril. Damages can come from many sources like storms contact with other boats and even theft.
  • Put special coverage on your boat for the extras that you use on your boat everyday. You can have coverage for fishing gear and even some of the special devices used to pilot the craft safely.
  • Add towing to the package in case you find yourself stranded on the water. Towing can cover you if your engines breakdown or you end up finding your craft beached on a sandbar.

If you live in the Centennial, Colorado area and have any questions about your insurance needs, then you need to contact your independent agent today. As your agent we can help get the right kind of coverage you need for your boat and for your family. It’s important that you give us a call so that we can give you specific details for your circumstances so your craft is protected the right way in Colorado

How is My Business Protected After My Death in Centennial, Colorado?

Posted on by AgentInsure

As an independent agent, we’re presented with this challenging topic from business owners not only in Centennial, Colorado, but in many other states. Since commercial and individual insurance has grown in complexity. It’s all the more reason to call us regarding viable insurance options to make sure your business is protected after your death.

Business Succession Planning and Its Importance

Unfortunately, 75 percent of small-business owners are not prepared with any formal succession plan. No question that death is an emotional issue, but the time to develop a strategy and succession business plan and the appropriate amount of insurance protection is before, and not after something happens.

Changes in Congress bring new laws, and more uncertainty. To further complicate things, some states are able impose their own estate taxes independent of any federal estate taxes. It’s wise to carefully coordinate your financial, insurance, and estate plans.

As an independent agent we can easily help you sort through the details since the laws are different in each state. One primary consideration is to define the best exit strategy. Consider whether the ideal approach is a merger, possible new partnership, an IPO, asset sale, total liquidation, or handing off the business to a successor.

If you’re considering the possibility of a successor, determine whether or not this individual has a passion for the business and the necessary level of competence, drive and experience to succeed and maintain your legacy.

One of the most effective and cost-efficient solutions available for today’s business owners to ensure the successful continuation of their business, and to ensure valuable protection for their company after the death of an owner, or one of the partners is life insurance. Life insurance is recognized as a very powerful business succession planning tool.

Steps involved with handling a home insurance claim in Centennial, Colorado?

Posted on by AgentInsure

No one ever wants to have to file an insurance claim on their home. Damage to your home can happen at any time. A sudden storm can come up or a motorist swerves and hits your garage and the damage is done. Knowing how to handle filing a home insurance claim in the Highlands Ranch, Englewood or the Centennial, Colorado area can help keep the stress down and get the matter settled quickly.

How to File a Home Insurance Claim in Centennial, Colorado

· Call your insurance company right away and report the damage to them.

· Take your camera and take some pictures of all of the damage. Try not to move anything or clean anything until the insurance company can come out and inspect the damage.

· Once the insurance company has inspected the area protect the structure from any further damage by covering holes and draining water.

· Go ahead and get the quotes from any of the approved repair construction agents.

· Schedule a time when the repair people can come and start the work. Try not to allow any work to begin until payment has been made. Determine whether the payment will go directly to the repair company or if it will be sent to you. If it is sent to you once the work is over sign it over to the company.

· Keep in touch with the insurance company and inform them if any extra work has to be done. If so they may need to back out and inspect the work before more funds can be paid out.

If you live in the Centennial, Colorado area and are involved in handling a claim, then as your independent agent we can help you through the steps to get the repairs finished. We can also help answer any questions that you may regarding your insurance needs.

What happens If I switch insurance companies in Centennial, Colorado mid way through the policy?

Posted on by AgentInsure

If you own any kind of auto or home policy, you may have been faced with the problem of switching insurance carriers in the middle of a policy term. The good news about insurance in Centennial, Highlands Ranch and Englewood, Colorado is that you can switch insurance companies for auto and home insurance half way through the policy term. When this happens there are several things that you will want to make sure you do to get the best car or home policy from the new company.

What to Expect When Switching Insurance Policies Half Way Through the Term

  • Before switching policies you will want to set an effective date for the new policy to start. It should fall within the effective dates of the old policy so you will not have a gap in insurance coverage.
  • Expect some kind of premium paid back to you provided you have paid for your policy upfront. If not, you may have to pay for a small term between billing cycles.
  • Expect your current agent to ask you why you are switching. If you are leaving for a cheaper rate, you may find that your agent is willing to lower your current premium.
  • Expect to have to provide proof of new insurance to your old company. Insurance is required by law for cars so you will have to provide proof that you have insurance with another company before they will cancel your old policy.

Switching insurance in the middle of the policy term can be done. As your independent agent we can help you through the process. It’s important that you give us a call so that we can give you specific details for your circumstances so the switch is done correctly.