3 Facts About Home Insurance You Need to Know

Your Arvada, CO home is a valuable asset that deserves protection. You can protect it by getting the right type and amount of home insurance. Alliance Insurance Services has trained and professional agents that may help you find the policy that is right for you. They may also answer your home insurance questions. The following are some facts you should know about home insurance.

1There are Different Types of Home Insurance Policy

Even though home insurance policies are relatively standard across different parts of the country, policies may be different depending on your insurance provider. You should ask your provider about the extent of coverage of your policy. A policy, for example, may insure your personal property against a few risks. It may, for example, provide insurance against theft and not fires.

2. Home Insurance Does Not Cover All Damages

A standard home insurance policy protects you from financial losses in case of liability claims, damage or loss of personal property, and damage to building structures. You should, however, note that home insurance does not cover you for losses that result from poor maintenance or carelessness. It does not cover you for intentional damages or damages caused by natural disasters such as floods and earthquakes. If you run a business at home, your home insurance does not cover your business property.

3. Make Claims Early

There is a deadline for submitting your claim. If you need to file a claim, contact your insurance provider as soon as you can. The reporting period is 14 days for most policies. If you wait too long, the damage may get worse, and you may not receive compensation.

Contact Alliance Insurance Services to get a new quote for your home insurance needs in Arvada, CO.

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.