3 Life Insurance Facts You Should Know

If you live in Arvada, CO, there’s no doubt that you have a lot of things on your plate on a regular basis. When everyday life eats up so much of your time, life insurance is almost certainly not on your list of top priorities. While this is entirely understandable (and normal), sometimes it’s easy to put life insurance off until it’s too late. Alliance Insurance Services wants you to know more about your options, so you can make smarter decisions. 

1. Life Insurance Is Flexible 

This is usually the first thing that people should learn about different types of insurance plans. You may see this as meant for exceptionally wealthy people with vast estates. But it could be as simple as setting up a term policy until your youngest child reaches the age of 21. Some people like to have the option of having life insurance as a safety net, meaning their plan has a savings component that can be used for new home repairs, a vacation, or their grandchild’s education.

2. Life Insurance Doesn’t Wait 

The longer you wait to set up your policy, the more complicated it becomes. And if you wait too long, you may just end up in an expensive position that could have been avoided. Asking the tough questions now is a lot easier than if you keep delaying until next year.

3. Life Insurance Depends on Your Carrier 

While many plans may look the same, the life insurance carrier will have a lot to do with how claims are processed and settled. If you’re looking for someone you can trust, Alliance Insurance Services is here to help the people of Arvada, CO get what they need. Give us a call for a quote to find out more. 

Does my small business need commercial insurance

Colorado is one of the top five friendliest states for small businesses making Arvada, CO a great place to grow your business. Small businesses face lots of challenges and as a business owner, you understand just how tough it can be to grow and thrive. You may be considering whether or not your small business needs commercial insurance. Commercial insurance is not one insurance, it has lots of different options, and talking to the knowledgable staff at Alliance Insurance Services can get you the information you need to decide how commercial insurance can benefit your business. 

In the state of Colorado, an employer with one or more full or part-time employees is required to provide workers’ compensation. This is just one aspect of commercial insurance that can be easily taken care of for you. It is good for you and good for your employees to have this important coverage. 

That is the only coverage that is required by the state but other coverages may be required by landlords or those who hold a lease on any of your equipment. Property insurance makes sure that in the event of a covered hazard happening to the building where you do business, your equipment, supplies, inventory, and more will be covered and you will be able to replace or repair it. 

Commercial liability insurance protects you from a suit that is brought against you from someone who might be injured while visiting your business or by a product of your business. Business interruption insurance can make sure that if you are unable to remain in business due to a covered event you will have the money to pay your day to day expenses. 

For the most part, you don’t need all commercial insurance but some parts will be very valuable to most small businesses. Give Alliance Insurance Services in Arvada, CO a call to set up an appointment to discuss the needs of your small business. 

How Often Should I Update My Home Insurance Inventory?

Protecting your Arvada, CO home and everything in it means keeping accurate records. But what does that mean, exactly? Obviously, your insurer can’t cover something if they don’t know that you own it in the first place, but turning in a weekly inventory doesn’t make a lot of sense.

For most homeowners, there are only two instances where you really need to update your inventory:

  1. Once every six to twelve months
  2. After every major purchase

Buying a couple of new Blu-rays now and then isn’t really worth updating your inventory over, but after six months or a year, they’re going to start adding up. So you’ll want to do regular updates to keep your insurance provider posted. And of course, you’ll want to give your agent a call and send some photos and receipt copies along any time you buy a new TV or a sofa or anything like that. If you had to save up for it, tell your insurance agent.

When making an inventory, it’s a good idea to get some video of your possessions. Making a list is great, but there’s so much you can forget to include, and a video will capture a whole bookshelf quicker than your notepad app will. Receipts are great when you have them on hand, but it can be hard to find one for every single item that you own. Save them if you can, but video and photos might be all your insurer needs to see.

If you’re still shopping around for home insurance in Arvada, CO, give Alliance Insurance Services a call and see what they can do to help protect your home and everything in it. Alliance Insurance Services can get you the coverage you need.

Should you carry collision and comprehensive insurance when you don’t have a car loan?

With more than 1.8 million vehicles registered in the state of Colorado, it is safe to say that there will be a lot of traffic on their more than 184,000 miles of road. Traffic accidents have been on the rise in the state which means that the chances of being involved in an accident have increased. At Alliance Insurance Services in Arvada, CO our aim is to provide our customers with the latest information, quality insurance products, and good value. Our agents have years of experience in auto insurance and helping drivers have the coverage that is best for them.

When you have a car loan, the lender will require that you maintain collision and comprehensive coverage to protect their investment in your car. When your loan is paid off, you may be tempted to save money by not keeping this coverage. You are not required by law to have collision and comprehensive coverage on your vehicle but that does not mean that it is a good idea to go without it. If you are like most people, you probably depend on your vehicle to get to work, if your vehicle was damaged in an accident or was stolen, how you be able to get to work? 

If your vehicle has very little monetary value or if you could easily pay for any repairs that an accident, theft, or vandalism might cause, then you probably don’t need to keep the collision and comprehensive coverage on your car. If however, it would cause you a great deal of inconvenience and financial stress, then it is best to keep both coverages. 

At Alliance Insurance Services in Arvada, CO we would like to sit down with you and discuss your auto insurance needs. We offer a wide variety of products and we are sure that we can find the perfect one for you. Give us a call or stop by our office for a no-obligation quote. 

Three RV insurance features to take advantage of

You should familiarize yourself with everything that RV insurance can offer in Arvada, CO when you’re buying a policy. There are many features that policies from providers like us at Alliance Insurance Services can offer. 

The following are three RV insurance features you might want to take advantage of in your insurance policy.

Towing and roadside assistance coverage

Most RV insurance policies should come along with some coverage for towing and roadside assistance. This coverage is important. If you break down, you will need to have your RV towed to a garage that can offer repairs. This can be expensive if you are located far from town. That’s why having towing and roadside assistance coverage is so important. 

Personal property coverage

RV owners typically have a lot of their personal items in their RV. These items could become damaged or destroyed in the event of an accident. With personal property coverage on your RV insurance policy, you could be reimbursed for damages to your personal property. 

It’s important to evaluate the value of your personal belongings within your RV. To enjoy maximum protection, you should have personal property coverage on your policy up to the full amount of the value of the possessions in your RV. 

Full-time coverage

You’re going to need more coverage if you live in your RV full time. In this case, you want to invest in full-time coverage. The premiums for such a policy may be slightly higher than for an average RV insurance policy. However, it will offer much-needed added coverage for full-time RV residents. 

If you’d like to learn about all the features that go along with our RV insurance in Arvada, CO, contact us. At Alliance Insurance Services, we’re here to provide you with helpful tips and information to ensure that your insurance needs are met. 

Three motorcycle insurance add-ons to consider

You need to find the right motorcycle insurance policy in Arvada, CO to protect yourself from financial liabilities. At Alliance Insurance Services, we offer a variety of options to those on the market for motorcycle insurance.

The following are three motorcycle insurance add-ons you might want to consider if you’re looking to insure your bike. 

Loan/lease gap coverage

It’s possible that you’ll be dealing with an underwater loan or lease on a motorcycle at the moment when your bike gets totaled. In this case, you would have to continue making payments on a bike that you don’t have anymore.

If you purchase loan/lease gap coverage, you’ll be compensated for any leftover payments on your loan or lease. 

Uninsured or underinsured motorist coverage

There are a lot of motorists out on the roads who are not carrying adequate insurance. If you have the misfortune to get in an accident that is caused by one of these motorists, you’ll want to have uninsured or underinsured motorist coverage. This provides additional coverage to make up for a lack of insurance on the part of another motorist. 

New motorcycle replacement coverage

A typical insurance policy will cover you for the estimated market value of your bike in the event of a total loss. However, you might want to be able to buy a completely new bike if your bike gets totaled. To get full coverage for a new replacement bike, you’ll need to add new motorcycle replacement coverage to your policy. 

We’re here to answer all your questions on these motorcycle insurance add-ons and more. If you would like to learn about our policies in Arvada, CO, contact us at Alliance Insurance Services. 

Life Insurance in Colorado

Life expectancy in Colorado is 80 years for all residents collectively. That might be a high number, but not everyone is lucky enough to live that long. Life is unpredictable and there is nothing you can do about it. However, there is something you can do to mitigate this risk for your loved ones and those you are financially dependent on your income.

You must consider getting a life insurance plan. There are different types of a plan such as term insurance, in which you can get life insurance for a certain duration of time or you can opt for universal life, which will cover you for life. There are other options available too but keep in mind that the more you delay getting a life insurance plan, the older you get and therefore it is going to get more expensive.  

There is no good time to wait and get a life insurance plan. The only good time is right now. You just can’t predict when your demise will come. Typically, death is not a topic people like to discuss or think about. However, if you are really thinking about it, it is an inevitable event in everyone’s life. Why not embrace it? Why no plan for it? Why not getting life insurance now?

Alliance Insurance Services, serving Arvada, CO, is a licensed and reputed agency that can help you decide on what type and limits of life insurance you should get. They will provide you with education on the topic so you can make an informed decision and therefore have the peace of mind to know what exactly is covered in case you pass away. The contact details for Alliance Insurance Services, serving Arvada, CO, is available on their website. Let them help you protect your loved away in case you are not there to protect them.

What is commercial business insurance?

Owning a business comes with many responsibilities and one of those is to ensure that you have the proper commercial insurance policy in place but what exactly is commercial insurance?

Commercial insurance is essentially an insurance policy that protects you and your business from unexpected circumstances. There are three main types of commercial insurance, including property insurance that covers your equipment, building, and office areas, general liability insurance that protects you and your business if there is damage or injuries to a third party, and worker’s compensation that covers medical costs for employees if they are injured on the job.

Commercial liability encompasses several issues and is the most important part of commercial insurance coverage. Whether you own a small pizza shop or a large plastics manufacturing company, your business needs to be covered under commercial liability insurance.

This type of insurance covers the injuries a person may suffer, or damage to their property if it occurs because of you or one of your employees while you are working. Also, if a person visits your store, office, work area, or shop and is injured, your commercial insurance policy will cover the costs of their medical bills and other expenses. If the products you produce causes an injury to someone, your commercial insurance policy can help cover the medical expenses of that person.

Sometimes businesses can get sued for a variety of reasons, including when someone is injured on your property or because of one of your employees or equipment. Having a commercial insurance policy in place will give you the peace of mind you need to focus on growing your business to success without the worry of a catastrophe happening.

In Arvada, CO, contact your experienced agents at Alliance Insurance Services for all of your commercial insurance needs.
 

Why do I need a home inventory

Owning a home comes with a lot of responsibility. One of those responsibilities is home insurance. Home insurance has several parts and one of those parts is content coverage. If you are like most people, you can’t remember what you had for lunch today let alone everything that you own in your house. In order to make sure that all the things that you own are covered under your home insurance, you need a home inventory so that you can come up with a value that makes sense. At Alliance Insurance Services our goal is to make sure that everyone in Arvada, CO has the insurance that they need. 

What a home inventory does is to list all the items in every room, nook, and cranny of your home. This includes closets, basements, and attics. Once you start to do yours, chances are you will be amazed at all the things you own. Off the top of your head could you remember all the Christmas ornaments you have? Tools in the basement? Dishes in the cupboard? Chances are you don’t have a clue. What is your home was flatten by a tornado or consumed by fire? How would you prove what you had previous to the disaster? 

If you do a detailed home inventory and store it in a safe place with any photos and backup information you will be able to provide that to the insurance company and any claim that you have will go much more smoothly. Simply stated, you need a home inventory to protect yourself. 

At  Alliance Insurance Services our experienced team has been helping the residents of Arvada, CO for years. We are ready to add you to that list. Give our office a call or stop by and we will talk about the benefits of a home inventory. 

 

Insuring Your New Teen Driver

Seeing your teen get their driver’s license is a thrilling time for both you and your teen, but it can come with some added stress. From finding driver’s education courses to purchasing and insuring a new vehicle, there is a lot to keep track of! At Alliance Insurance Services in Arvada, CO, we want to make sure your teen is ready for the road. Below, you’ll find a few things you should know about insuring your new teen driver. 

New drivers aren’t required to have auto insurance when they have their permit, but you may want to consider adding a policy that covers operators and drivers for added protection. This type of policy is beneficial for teen drivers who don’t have one particular vehicle they will be driving and will be alternating between cars on a regular basis. Once a teen receives his/her license, it is typically more cost-effective to add the driver to an existing car insurance policy. Consider adding your new teen driver to your plan within 30 days after receiving their license. Teens are subject to the same auto insurance requirements as other drivers in Colorado, which means they must have state minimums for bodily injury and property damage liabilities.  As an independent insurance agency in Arvada CO, our team at Alliance Insurance Services can help parents of new teen drivers shop around for the best coverage. We partner with a number of well-known insurance companies so you can get a policy that fits your needs and budget. 

Alliance Insurance Services can help make sure your new teen driver is ready to hit the road with the proper auto insurance policy. Learn more about the type of policies we offer by calling our office in Arvada, CO or visiting our website.