Month: February 2019

Commercial insurance is something that all business owners need and knowing what it covers is the first step to making sure your policy is tailored to your particular business. For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the policy that works for you.

Commercial policies cover a wide range of things including the basics like damage to your building, injury to employees and patrons, and theft of your inventory or other items from within the commercial space. It may also cover things like the cost of clean up from fire, storm damage, and more. Your commercial policy also covers things like vandalism and the cost of clean up from this type of event.

This means your policy may help cover the cost of cleaning up vandalism, replacing items that are damaged or broken, replacing items that are irreparably damaged or even stolen in some cases, cleaning off vandalism from buildings, and general clean up costs. If you feel you are at risk for vandalism in the area in which your commercial business is located, you may want to get more coverage for things like vandalism than you would if you were taking out a typical policy.

If you have experienced vandalism in your area, you may want to add extra coverage and make sure that your policy is going to cover the cost of replacement and repair in the event of damage due to vandalism. For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the policy that is going to work for your business and that is going to protect your commercial business fully and completely without fail and without major issue.  

If you are a married couple, it’s best to get couples life insurance in which you and your spouse name each other the beneficiary on each other’s policies. This will cover the immediate costs that occur when one party passes away.

What are the Benefits of Couples Life Insurance?

Younger couples normally share their finances and benefit from combining their incomes to buy a home, vehicles, take care of children and afford higher education expenses. If one party should pass away, the other party needs to be able to pay the shared expenses. Having couples insurance from Alliance Insurance Services will help to pay off debts, cover funeral costs, afford day-to-day expenses and make mortgage payments in Arvada, CO.

What are the Types of Couples Life Insurance?

The main two types of insurance for couples are term life, permanent life, and joint insurance policies.

Term life insurance covers the insured person for a particular term or amount of years that is set. The most common terms are between five and 30 years. When someone passes away within the term, the policy will pay out to the beneficiary. If the term ends and you are still healthy, then you renew it. Younger couples generally have lower rates on life insurance.

Permanent life covers you for your entire life until you pass away. This type of coverage also builds cash value that you can borrow from and it is also at generally lower rates when you are young.

Joint life insurance in Arvada, CO is called first to die and second to die, as it is one policy that covers two individuals. First to die insurance pays out when the first person on the policy dies and then the policy ends. Whereas, second to die life insurance pays out after both people die. This type of policy is generally used by couples to leave money for their heirs.

We understand at Alliance Insurance Services that it can be a difficult decision when deciding on life insurance policies, and we are here to help. You can call or come by the office to talk to a knowledgeable agent about your life insurance for couples.