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.