5 Benefits of home insurance

Buying a house is not only the single largest investment for most people, but it is also a herculean task that involves a lot of research, planning, patience, and saving. With an increase in calamities, not having home insurance can result in a huge financial setback. At Alliance Insurance Services serving in Arvada, CO, our agents walk with you to offer you a policy that suits the needs of your home.

What does a home insurance policy cover?

A home insurance policy is a form of property insurance that covers you against financial liability due to damages on your individual residence, home assets, and finishings. Damages include both interior and exterior damages or injuries experienced while on the property. A home insurance policy will also cover you against legal liability from suits arising out of damages or injuries within your residence.

Benefits of home insurance

  • Loss replacement

Having a home insurance policy allows you to enjoy financial security. Depending on your home insurance policy you have opted for, your damaged personal assets can be replaced at their actual value or have them replaced. This protects you from unplanned financial obligations.

  • Lawsuits protection

A home insurance policy protects you from property-related lawsuits. Property lawsuits could result from accidental damage to other people’s property either through fire or mechanical damage. The policy also covers medical expenses on guests injured while on your property.

  • Protection from natural disasters

A detailed home insurance policy protects you from natural disasters such as earthquakes or landslides.

  • Peace of mind

The assurance of your home security allows you to enjoy the luxury of peace of mind. You can sleep without worrying about unexpected disasters and calamities.

  • Protects more than your home

A home insurance policy covers other components of your compound such as the garage, fence, or deck.

Please visit Alliance Insurance Services in Arvada, CO and get to know of the many benefits you will enjoy from having a home insurance policy. You can also visit our website for further information.

Three Things You Need to Understand About Auto Insurance

As a motorist, there are certain fundamental truths that you need to understand when it comes to auto insurance. These truths are usually relevant regardless of where you live. Understanding these truths will help you to navigate your insurance needs more effectively and seek the best type of automobile coverage for your vehicle. Alliance Insurance Services of Arvada, CO is committed to helping drivers understand the primary benefits and purpose of auto insurance.

1. There is a Primary Purpose for Auto Insurance…
Basically, auto insurance is designed to protect the driver, other drivers, and property, should an accident occur. Investing in the right car insurance provides essential protection to you and your passengers, as well as other drivers on the road. The right coverage allows you to take care of any injury to others as well as damage done to property if you are declared at-fault. 

2. There are Forms of Auto Insurance Required for Most Motorists.
Liability is most commonly a requirement in every state in the US. Liability insurance must be purchased following state minimum coverage requirements for both property damage and bodily injury. This type of insurance would pay for another driver’s medical bills and car repairs, in addition to any property damage that you might be responsible for as a result of an accident. Also, some states may require you to carry uninsured/underinsured driver coverage.

3. Additional Insurance Coverage is Sometimes Necessary, Depending on Your Situation. 
Although liability insurance may be required by your state as a minimum insurance requirement, you may need to carry more. If you have an auto loan, lenders will typically require a motorist to carry full or comprehensive auto insurance as a way of protecting their investment in your car. A car loan is an indication that you haven’t completely paid off your car. If something were to happen before your car was paid off, a full coverage policy would ensure that the lender was financially compensated for the loss. If you have questions about what auto insurance does and doesn’t do, and what type is best for you, give us a call.