How Do New Cars Affect Auto Insurance?

One of the things that you should consider when you are purchasing a new car in Arvada, CO is how it will affect auto insurance rates.

The age of your car does affect premiums. As cars depreciate, they are worth less, and so in order for the insurance company to replace your car, they would pay less. With a new car, you may think that it costs more to insure. However, that may not necessarily be the case depending on what type of car you are purchasing. Depending on how many new safety features your car has, you may have a lower rate. Some safety features that can lower your rate include automatic seat belts, airbags, anti-lock brakes, daytime running lights, rearview cameras, blind spot detecting, and lane departure warning systems. If your new car has some of these features, make sure to speak with your agent at Alliance Insurance Services to see about available discounts.

One thing to consider with a new car is gap coverage. This does affect your premium, but it can save your from a financial headache if you get into an accident. Gap coverage helps you pay the difference in how much your car’s value is and how much you still owe on the loan.

New cars may be required to have comprehensive and collision coverage, especially if you have a loan or a lease.

Contact Alliance Insurance Services to get a quote on auto insurance. Getting a quote before you buy your new car in Arvada, CO can help you with your decision on which car to get. You will need insurance to drive your car off the lot, so getting your insurance agent involved in the process can help you choose the right insurance coverage for your new car.

Benefits of RV insurance

Recreational vehicles are meant for fun. But, they also represent a tremendous financial investment, which means that the owner can suffer a substantial financial loss if it’s not appropriately protected through insurance coverage. In Colorado, recreational insurance is essential since your standard auto and homeowner’s policy doesn’t cover physical damage or liability for your recreational vehicle. At Alliance Insurance Services, we provide recreational insurance in Arvada, CO and its surrounding environs.

Many people don’t know that recreational vehicles include motorhomes, boats, pull-a-longs, and fifth wheels. No matter the type of recreational vehicle you own, it’s essential to have an insurance policy that protects you, your investment, as well as your passengers.

Benefits of RV insurance

RV insurance is categorized into different coverages. The property damage and bodily injury liability policies will pay for the damages or injuries you cause to another party. You can also get a comprehensive/collision policy to pay for your RV if it gets damaged in a collision or stolen no matter who is at fault. Other coverages that you can get include medical payments for covering medical expenses after an accident and underinsured/ insured motorist’s policy which pays for losses if you are involved in an accident with an individual who lacks the financial resources to compensate you.

When you have these coverages, you will not worry when you are using your RV no matter where you are. Also, your RV insurance can provide extra coverage that applies specifically to your RVs exposure and size. For instance, roadside assistance coverage will help if your recreational vehicle breaks down and requires towing. You can also get emergency expense coverage to cover the expenses incurred if you have to call the fire department to save your recreational vehicle.

If you own an RV, a visit to Alliance Insurance Services in Arvada, CO will be beneficial; you’ll get the perfect coverage to protect you when you need it most. Feel free to talk to us today.

 

How to Lower the Cost of Your Motorcycle Insurance

Motorists everywhere know the dangers of motorcycle driving. Whether it’s because of a motorcycle’s small size, the biker’s exposure or a disregard of motorcycle safety, motorcyclists in Colorado account for over 20% of roadway fatalities and are 26 times more likely to be in an accident than car or truck drivers.

With these factors in play, motorcycle insurance becomes incredibly important for Arvada, CO motorcyclists. Here are a few tips to lower the cost of your motorcycle insurance by making yourself safer on the road.

Limit the Mileage and Usage of Your Motorcycle

One element of risk associated with any type of vehicular use is the amount of time spent on the road. As more driving causes increased risk, individuals who spend a lot of time riding their motorcycles are likely to pay extra. Bikers who want to keep their costs down should limit how often they bike in order to keep their overall mileage down.

Bikers who wish to reduce their risk to insurance companies by controlling their mileage might also consider only using their motorcycles during limited seasons of the year. Bikers may be able to get seasonal coverage for their bikes, mitigating expenses during the months when they’re not out on the road.

Improve Your Motorcycle’s Security

Motorcyclists who take steps to increase the safety of their motorcycle can sometimes receive a discount from the insurance company. Electric alarms or motorcycle immobilizers may help deter theft, as can motorcycle cameras and other precautionary devices. Motorcyclists who take steps to secure their motorcycle can both save money and be less likely to have their bikes stolen.

Take a Motorcycle Training Course

Motorcyclists who take steps to improve their road-handling skills may receive a discount on their motorcycle insurance, much like how car drivers can save by taking defensive driving courses. These classes can both save you money and help keep you safe whenever you’re on the road.

There are many factors to take into consideration when purchasing motorcycle insurance, and the cost is only one of them. Reach out to Alliance Insurance Services today to get a customized quote and decide if our motorcycle insurance services are right for you.

The cold, hard truth about life insurance

You may be like others in Arvada, CO who believe that life insurance is an option. You are sorely mistaken. Life insurance is an absolute necessity that no fiscally responsible breadwinner should go without. The agents at Alliance Insurance Services can give you the facts about the indemnity option and show you the reality of life insurance not being as expensive as you thought. 

Life insurance is not an option.

Too many hard-working adults pass on the opportunity of obtaining life insurance when they are young because they believe the indemnity option is for "old people." Did you know, though, that it is much cheaper to buy a policy when you are in your twenties and thirties than when you are over fifty-years-old? Life insurance works so that those who plan ahead and buy early are rewarded with lower rates. You get even more discounts if you are both young and in model health. A basic term policy may not be as expensive as you think, which means that you have little excuse for not investing in a life insurance plan. 

A policy for your children does not exclude you from needing a plan.

Some parents make the mistake of believing that purchasing a life insurance policy for their kids means that the family will be covered if something were to happen to them, the breadwinners of the group. The reality is that an assurance plan for your children has no bearing on consequences surrounding your quality of life. The family would still be in a financial bind if you were severely injured or, save fate, died. The only way to secure financial stability for your family beyond the grave is with a life insurance policy of your own. 

Alliance Insurance Services is happy to help you find the right life insurance policy so that your family can live comfortably in Arvada, CO long after your time. Call us today for a quote!

Starting a Business in Arvada? Here’s why you need a Commercial Insurance

As an aspiring business owner in Arvada, CO, it is prudent to take up commercial insurance for your business. The coverage will cushion you financially from risks such as expensive legal suits and natural hazards. Here are other reasons why you should consider taking up commercial insurance;

It is a legal requirement
The law requires that any business with one or more employees have a workers’ compensation cover. Failure to have this could result in criminal penalties and fines which are costlier than the cost of a policy.

It enhances your eligibility for credit
When you are requesting for a business loan, one of the requirements from financial institutions is the proof of the business’ insurance. 

It caters to your employees’ welfare
Having an insurance cover for your employees not only protects your business against liability claims and lawsuits but is also a way of attracting and retaining qualified employees. Along with a good salary and good working conditions, workers are attracted to such things as disability and health insurance.

You are guaranteed of business continuity
With access to loans from financial institutions, your business can grow and compete. In the event of a loss, you are guaranteed that you will resume your business operations once your insurance claim is settled.

It provides credibility to your business
Having an insurance cover for your business assures your suppliers and customers that should anything go wrong they will be compensated. Indeed, most contracts demand that you present an insurance proof.

Are you starting a business in Arvada? Contact Alliance Insurance Services. Our services are tailor-made to meet your commercial insurance needs. Browse our website for an estimate of your coverage options. While at it, have a look at our other insurance solutions in Arvada, CO. 

Does My Home Insurance Policy Cover Flood?

Nobody knows what the future holds. Nobody even knows what will happen in the next minute. It’s not easy to be a homeowner in America, which is why you need to protect your house from the unknown. Disasters happen every now then, and as a homeowner, you have a lot to lose from such. You need to protect the investment that is your home.

Homeowner’s Insurance

How can you do that? Simple, by getting a homeowner’s insurance policy to shield yourself from financial losses that may arise from the occurrence of a disastrous event. A homeowner’s insurance policy typically covers the structure of your home and some of the personal belongings in it. For instance, if a fire breaks out and destroys your home and everything inside, you are entitled to compensation for the house itself, most of the belongings inside, and depending on the terms of your policy, accommodation as the repair work for your home continues.

Does Your Homeowner’s Policy Cover All Types of Risks?

A typical homeowner’s insurance covers a lot of perils from theft to fire, vandalism, and natural disasters. But it doesn’t cover everything. In most cases, high-value items such as jewelry are not catered for by a standard homeowner’s policy, and you have to get additional coverage if you want such items covered. Most notably, standard homeowners’ policies don’t provide coverage against floods. If you want your home covered against losses in the event of a flood, you will have to purchase a standalone flood policy.

The federal government, through the National Flood Insurance Program (NFIP) in collaboration with the Federal Emergency Management Agency (FEMA), provides coverage against floods to areas considered to be flood prone. You can also purchase a private flood insurance policy from reputable insurance providers. If you live in Arvada, CO, Alliance Insurance Services has got your back. For information on our private flood insurance policy, call us and speak to one of our agents directly.

Does Your Motorcycle Insurance Cover You Without A Helmet?

Motorcycle riders in Arvada, CO know that they are required, by law, to wear a helmet when they ride. Colorado is one of the states that makes this mandatory, but what if you ride without one? Will a policy from Alliance Insurance Services still cover your accident?

Any accident you suffer while on a motorcycle covered by insurance is likely to be covered by your policy. This fact is true even if you aren’t wearing a helmet. However, the lack of a helmet could complicate your coverage a little and make some instances of coverage more difficult.

For example, continually wearing your helmet and following the law will likely decrease your claim if you do get in an accident. That’s because the helmet will protect you from the kind of serious head injury that can often be so debilitating in motorcycle accidents.

For example, one study has shown that hospitalization costs go up by more than one-third after an accident if you fail to wear a helmet. Your policy will struggle to pay for these extra costs and may not cover everything, leaving you with a large bill to pay.

Just as importantly, getting in a crash without a helmet may cause you to get fined for not obeying the helmet laws. When this fine is reported to your insurance company, they are likely to increase your rates. That’s because you are now a high-risk driver who has shown poor driving choices when on their bike.

In some instances, your Arvada, CO motorcycle insurance policy may not insure you if you are doing anything illegal. For example, some may consider riding without a helmet an illegal act which may invalidate your policy.

However, liability insurance will pay for damage to others caused by your motorcycle accident, no matter what the cause. So contact us at Alliance Insurance Services to learn more about this situation and avoid serious financial difficulties.

What Types of Terrain Are Ideal to Drive an SUV On?

To properly take care of your SUV, you will want to be aware of your surroundings. Take for example that you’re driving through the snow in Arvada, CO. If the roads are slippery, then dropping the SUV down into four-wheel drive is a great choice to make. This can help ensure that you get to your destination safely. For now, let’s take a quick look at the different types of terrain that are ideal to drive an SUV on.

What Types of Terrain Are Ideal to Drive an SUV On?

When it comes to driving your SUV through different types of terrain, you first need to consider the type of drivetrain your vehicle has. Did you know that nearly 33 percent of the vehicles operated in the United States have four-wheel drive or all-wheel drive drivetrains? And while both types of drivetrains boast various benefits, they still differ from one another.

Years ago, to drop your SUV into four-wheel drive, you would have to exit the vehicle and manually make sure the front wheel hubs were locked. Thanks to advancements in technology, though, you can now simply press a button and your SUV will automatically put itself into four-wheel drive. Putting your SUV into the four-wheel drive is especially advantageous when driving on terrain that is covered in snow or ice. It is not ideal, though, for driving on terrain that requires you to make sharp turns and abrupt stops.

An SUV that is the all-wheel drive is generally far more ideal on terrains that require you to make sharp turns than a vehicle with four-wheel drive. However, it is important to understand that all-wheel drive SUVs do not come with low-range gearing, meaning they are not ideal for off-road use.

Protect Your SUV Today

Whether you have an all-wheel drive or four-wheel drive SUV, you will want to travel the roads safer by making sure you have proper insurance coverage. Contact Alliance Insurance Services serving the Arvada, CO area to learn more about adding insurance to your SUV.

Are there different levels of RV insurance depending on how often I use it?

If you own an RV in Arvada, CO, it is probably your pride and joy. You know that you can depend on your time on the road in your recreational vehicle to bring you pleasure and relaxation. And you probably already have a minimal policy at Alliance Insurance Services to make sure your investment is protected.

Colorado requires all RVs which are on the road to carry liability and uninsured motorist insurance, with at least $30,000 for bodily injury liability and at least $60,000 for all parties involved in an accident. But what about the times you are not on the road? Do you need to pay for coverage for the entire year, for instance, when you can only use your RV in the summer?

Your homeowner’s policy may cover your RV during times when it is being stored on your property. Unfortunately, it may not be protected at a level which would allow you to be reimbursed for the amount you would need to replace or repair your RV if there were an unfortunate accident or theft. Check with your insurance agent if you have any question about your policy limits.

Additionally, you may be required to carry full coverage on your RV if you are still paying on a loan. Failure to carry insurance could cause your lender to impose an unwanted, expensive insurance policy on your RV so they can protect themselves against a loss.

If you own your RV outright are really trying to save money on your RV insurance during the offseason, ask your Alliance Insurance Services agent about comprehensive coverage just for those months. This will ensure your RV against theft, fire, water damage or any other disasters. Call today if you live in Arvada, CO and want to get the protection you need.

What Happens if My Bike Is Damaged while In Storage?

The agents of Alliance Insurance Services are able to offer accurate and reliable insurance information to their clients to help them protect their property from financial loss. If you live in the Arvada, CO area or the neighboring communities, you can get the answers you need concerning ensuring your motorcycle all year long, even during the months it’s placed in storage due to the changing of the seasons.

Storage Insurance

When you winterize your bike and put it in storage, it means it won’t be on the road for at least three or four months. Many bike owners continue to carry their motorcycle insurance in case of any damage that may occur while the bike is stored. Some insurance companies offer their customers a reduced rate during this time because there is no public liability or risk of property damage to another person’s property.

What You Should Do

Your bike can be damaged during storage, especially if it is stored at a public facility with other types of vehicles. It can fall over or have something fall on it, damaging the paint, breaking mirrors, or doing many other types of damage. If this occurs, your first step is to file a police report and then file a claim with your insurance agent. The facility where you store your bike should carry some type of liability insurance. If they don’t, your policy will be the one that must pay for the damage.

In Arvada, CO, you can turn to the agents of Alliance Insurance Services for all of your insurance need. Whether you are putting your motorcycle in storage or taking off on a cross-country vacation, they have the answers you need. Call and schedule an insurance review today!