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How Additional Car Insurance Coverage Can Help You Save Money

Reducing your limits or dropping a few coverages isn’t the best way to lower your car insurance costs, as it may leave you exposed to loss or liability. While discounts on your premiums are ideal, they’re not the only viable option. Sometimes, you can save a lot of money over time by customizing your coverage

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2022 Colorado Renters Insurance Guide

Also referred to as tenant insurance, renters insurance is a policy that protects a tenant’s belongings from damage emanating from a named peril. It pays for the loss related to theft, vandalism, some natural disasters, fire, bodily injuries, and water damage, among other perils. Renters insurance in Denver, Colorado, is particularly important because this city

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Common Liability Expenses Covered by Umbrella Insurance

Umbrella insurance typically provides additional liability coverage beyond the policyholder’s basic coverage limits. It also pays for some of the liability costs excluded from the basic liability policies. If your risk of being sued is exceptionally high, you should carry umbrella insurance. Here are eight common liability claims that require umbrella coverage: Dog Bites Every

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Will a Typical Car Insurance Policy Cover Engine Failure?

Auto insurance policies typically only cover accident-related repairs. Your policy likely won’t cover engine failure or other malfunctions except if you have mechanical breakdown insurance coverage or if the engine failure was caused by a covered accident. However, the manufacturer’s warranty may cover engine damage. Read on for more detailed information on this topic. Types

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The Basics of Personal Umbrella Policy: What You Need to Know

Umbrella insurance is a type of liability coverage that extends the coverage limits of your basic liability policies such as homeowners, auto, and watercraft insurance policies. In case you lose a liability lawsuit, it covers any amount above the limits of your standard policies and all legal costs related to the lawsuit. Therefore, it helps

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5 Practical Tips to Prevent Water Damage Claims

According to the Insurance Information Institute (III), water damage in residences costs billions of dollars every year. Homeowners insurance is a practical cover for property owners to avoid financial loss after incurring water damage. However, prevention is much better as such claims can increase your liability insurance costs if you’re at fault as the contractor

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What You Should Know about Workers’ Compensation in Colorado

The state of Colorado requires all employers in the state to carry workers’ compensation insurance. This requirement applies regardless of whether your employees are family members, part-time, or full-time. Every individual that you pay to perform a given task is presumed to be your employee. However, in certain circumstances, Colorado workers’ compensation requirements don’t obligate

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16 Effective Ways to Prevent Home and Car Thefts

Today car theft happens much more than people think. Over 700,000 vehicles are stolen each year, according to statistics reported by the Insurance Information Institute. Your homeowners’ insurance covers theft of items within the home but not a car theft, which is covered by auto insurance. Here are important theft prevention tips to protect your

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Knowing Your Home Insurance Policy’s Special Limits

Out of all the insured homes in the U.S., two-thirds are underinsured. While some homeowners know they’re underinsured, others do not. Undervaluing a home’s contents and failure to increase coverage after purchasing an expensive item or completing a major home improvement project contribute to homeowner’s underinsurance. Additionally, the special limits that insurers usually put on

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Understanding Auto Liability Limits (Coverage Per Person, Per Accident)

There’s a maximum amount that your insurer can pay for a covered incident on your auto liability policy. This figure is the coverage limit for the specific event. If the cost of the covered accident exceeds your policy’s coverage limit, you’ll have to pay for the extra liability out of pocket. It’s important to understand

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