3 things you should know about RV insurance

You worked hard and saved diligently to purchase the RV of your dreams. It would be a tragedy if a natural disaster or car accident destroyed your investment. You should not rely on your home insurance to cover your RV in Arvada, CO. Instead, you should consider purchasing an indemnity plan for campers from Alliance Insurance Services. Read on to learn three essentials about RV insurance!

1. RV insurance is not required yet necessary

Some RV owners make the mistake of believing that insuring their camper is an option. The problem with such ideology comes in the fact of home insurance only covering a limited number of incidents regarding your camper. Your RV may be covered if damaged on your property per your home insurance plan. You, however, are on your own if you drive the vessel and get into a car accident down the road. 

Some Arvada, CO RV owners learn the hard way that home insurance does not equal full coverage for their RVs. You should avoid the devastation that comes with learning that you do not have enough assurance when it is too late by contacting an agent from Alliance Insurance Services. 

2. RV assurance works like auto insurance

Just as your auto indemnity plan has a deductible along with policy limits, so also does your RV assurance policy. The amount of damage covered under your plan heavily depends on the amount that you are willing to pay in monthly premiums. Those willing to pay more every month may find themselves walking away from an incident with no out-of-pocket costs to them. Meanwhile, those who pay less upfront may find themselves with a bigger bill down the road. 

3. How much coverage you need depends on a number of things

Not every RV owner is the same. Thus, it is important that you contact your local agent to find the policy that best fits your lifestyle and overall needs. Contact us today to get started with a quote to insure your RV!

Colorado Motorcycle Helmet Laws

Colorado is a state with a somewhat libertarian attitude. The laws in Colorado, in general, allow any adult to make decisions about their health and safety, as long as their decisions do not harm others.

The Colorado helmet law follows this philosophy. There is no legal requirement for any adult, who is over the age of eighteen, to have to wear a helmet when operating or riding on a motorcycle.

However, there is a legal requirement for any minor person, who is under the age of eighteen, to wear a helmet while operating or riding on a motorcycle. Parents in Colorado can be foolish about their safety but have to make sure their children wear a DOT-approved motorcycle helmet when on a motorcycle.

The Swimming Pool Thought Experiment

Imagine you jump headfirst into an empty swimming pool and smash your head into the cement at the bottom. That is what happens to those not wearing a helmet who are ejected from their bike and thrown up to 100 feet in the air before they come down hard on the pavement.

The National Highway Traffic Safety Administration reports that in states without a helmet law, 65% of the fatalities were people not wearing helmets. In states with all-rider helmet laws, only 13% of the fatalities were those who were not wearing a helmet.

Wearing a helmet may save your life. Even though the laws allow an adult in Colorado to not wear one, everyone should for their safety.

Motorcycle Insurance

Just like wearing a helmet having adequate motorcycle insurance is best. Work with your agent at Alliance Insurance Services, serving Arvada, CO, and the surrounding area, for coverage that suits your needs. Call to speak with your agent at Alliance Insurance Services in Arvada, CO to get an insurance review of existing insurance or a quote for new motorcycle insurance.

Commercial Insurance: How Your Rates Are Determined

Commercial Insurance: How Your Rates Are Determined

If you run a business, you know the importance of commercial insurance. Commercial insurance not only protects your business- it also protects you and your employees. This type of insurance can seem like a bit of a mystery, especially when it comes to how your rates are determined. Let’s look over a few different factors that determine your commercial insurance rates. 

– Business type. If your business is in a field that tends to have flash-in-the-pan businesses, or you have a high risk business, it’s possible that your commercial insurance rates will be higher than businesses that are lower risk. Your insurance agent will be able to explain the level of risk associated with your business.

– Location. Is your business located in an area that has high amounts of crime, or near a water source that tends to overflow? Both of these issues, although unrelated, could cause your commercial rates to increase. Location matters. 

– Length of time you’ve been in business. The longer your business has been up, running, and successful, the lower your commercial insurance rates will be. 

– Annual revenue. The amount of money your business brings in each year plays a role in your commercial insurance coverage rate. 

Call Alliance Insurance Services Serving Arvada, CO

If you’re in need of a commercial insurance policy for your business, Alliance Insurance Services, serving Arvada, CO, is here to help. Stop in to see one of our agents, or give us a call to set up an appointment to talk about our services. We look forward to helping you with all of your business insurance needs.

How Can Life Insurance Help You in Retirement?

As you near retirement in Arvada, CO, you should take a look at your life insurance coverage with an agent at Alliance Insurance Services. Back when you purchased your policy it may have been a way to safeguard income, but now that you may have fewer dependents and your mortgage could be close to being paid off, you have different needs. If you have chosen the right life insurance policy, you can use this in retirement.

Access to Cash: If you don’t need the same level of coverage you did in the past, you can access the cash value of a permanent life insurance policy to fund retirement. With this option, the premiums you paid during your working years could be leveraged as a source of retirement income.

Support for a Widower/Widow: Wanting to make sure that your surviving spouse can pay for certain life expenses is important after one of you passes away. With life insurance to cover these expenses, you can better enjoy retirement.

Protection from the Onset of Chronic Illnesses: Some life insurance policies will allow people to access death benefits for a chronic illness before death. A chronic illness is either a cognitive impairment or the inability to perform two out of six activities of daily living.

Charitable Giving: As retirement approaches, life insurance can be used in several ways to support your current charitable giving strategy. You could make a gift of an existing life insurance policy to charity. The presence of life insurance will enable a donor to make a gift of investments, real estate, or other forms of property to a charity and still provide a reasonable inheritance to heirs.

If you have dropped your policy before retirement then it can cost more due to an increased age to pick it up again. Maintaining coverage into retirement can provide you with peace of mind to enjoy your years.

Contact Alliance Insurance Services, serving Arvada, CO, to get a quote on life insurance.

How to Know if You Should Get Workers’ Compensation Insurance

Workers’ compensation insurance is a type of insurance employers get to cover employees that may suffer from workplace-related accidents and illnesses. As a state-regulated program, the amount of insurance required by an employer, what kinds of accidents and injuries are covered, and how these issues are dealt with will vary from state to state. 

Factors That Affect Workers Comp Requirements

Depending on the state you are insured in, factors like the number of employees you have, where your headquarters are located, and the type of business you have, all are considerations on whether workers’ comp is mandatory or voluntary. It is best to research your state laws regarding requirements when you are seeking to purchase workers’ comp insurance. A professional insurance company can help guide you through the process of acquiring workers’ comp insurance.

Buying Workers’ Comp Insurance When Not Required

Even if your business is not required by law to have workers’ comp, it may work in your favor to have it anyways. If you or one of your employees is injured or becomes ill, medical costs without workers’ comp can often outweigh what you would pay for coverage. In addition to protecting your employees and yourself from accidents, workers’ comp also extends to family members of an employee that suffers a sudden fatality. Legal ramifications are also a concern. Without workers’ comp, employees may be free to pursue legal action which can be a huge expense for any business.

If you are an employer and are in need of workers’ compensation insurance, contact Alliance Insurance Services of Arvada, CO to speak to one of our representatives. We will be happy to discuss the various laws that may apply to you regarding this type of coverage. Schedule an appointment with us today and we can help with your insurance needs.

Does Motorcycle insurance Cover the Cost of Replacement of Protective Gear?

Motorcycles are a great way to get around and having the right protective gear is important. That being said, protective gear like helmets and jackets can be expensive. Your motorcycle policy may cover the cost of replacing some of that gear if it is damaged. For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the right policy for your needs.

Your motorcycle policy is going to cover far more than you might imagine. It does cover, for instance, some of the cost of replacing protective gear that is damaged or destroyed during an accident. This means that you might be able to get a new helmet, new pads, and new jackets as needed if your bike is wrecked. Even if a policy does not specifically note or mention the replacement of your gear, in most cases you are not restricted in what you use your liability for unless you have medical bills that need to be repaid.

Your motorcycle policy is going to help pay for a great deal of the cost that is associated with the wreck or with the accident. You may also be able to use your motorcycle policy to help pay the costs of another person that was involved in the wreck with you. No matter what, having the right motorcycle policy and having enough liability coverage is going to make a huge difference in the overall ability that you have to recover after a wreck or accident.

For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the policy that works best for you and for your particular situation.

Does RV Insurance cover Vandalism?

Your RV insurance is very unique and does cover a wide range of things that you might not even realize it covers. This type of coverage is going to help make sure your RV and its contents, as well as you, are protected when you are driving and when the RV is not moving. For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the right coverage for your RV.

Your RV may become damaged, wrecked, or may become damaged by something like vandalism. If your RV is vandalized, your RV insurance is going to help cover your RV and repairing it. If your RV is parked at your home when the vandalism occurs, it might be best to file a claim with your home owner’s insurance as the coverage may be better and the deductible may be lower. If your RV is parked at your home when it is vandalized, it does fall under the coverage of your homeowner’s policy and the cost of repair can be covered.

If you are out in your RV and it is vandalized wherever you parked it, you will need to either contact the person that owns the campground where you parked if you used one, or you will need to use your RV policy to help pay for the cost of repairing your RV after it was vandalized. Vandalism is not something that anyone wants to deal with but knowing that there are different avenues for repair is helpful. For those that live in the Arvada, CO area, the agents with Alliance Insurance Services can help you to find the best policy that is going to be easy to use and that is going to fully protect your RV.  

Should I Purchase Life Insurance for My Children

Life insurance isn’t just for adults. There are many policies available to for children, as well in Arvada, CO. In fact, purchasing life insurance for your children is a good idea for many reasons. The professional team at Alliance Insurance Services will help you find the right policy at the right price. Read on to learn more about the benefits of life insurance for children.

It Offers a Way to Save

When you purchase a permanent life insurance policy for your children, you will see its cash value grow slowly over the years. The owner can then borrow against the policy for cash or turn in the policy, which often includes a fee. This money can be used to help fund college and related expenses. Furthermore, the cash value of your child’s life insurance policy is generally non-taxable. The only case where it will be taxed is if you withdraw more than the premiums paid for the policy.

It Helps Your Child Qualify for Life Insurance Later in Life

While your child may be born healthy, they could develop a medical issue later in life that disqualifies them from purchasing a life insurance policy. To avoid this, it’s recommended to purchase a policy early in a child’s life. This way, you are locking in a policy that you can add to later on.

It Helps Cover Burial Expenses

If a child were to pass away, the life insurance policy you bought will help cover funeral expenses, medical bills, family counseling, and contribute to the financial stability of the family, especially if parents need to take time off from work.

To learn more about purchasing life insurance in Arvada, CO, contact the team at Alliance Insurance Services serving this area.  

 

 

What Types of Commercial Insurance Do I Need to Operate a Franchise?

Starting a franchise business is attractive for many entrepreneurs because the probability of success is higher than starting an independent small business. There are many factors that make a franchise have a better chance of success, which includes the capital requirements and a well-tested business model. Another thing that improves success is that the basic commercial insurance needs that are part of the terms and conditions of the typical franchise contract.

Working With Your Insurance Agent

Part of the analysis of whether a particular franchise business is a good choice when compared to another one is understanding all the actual operating expenses. When you are considering a franchise opportunity, it makes perfect sense to work with your insurance agent at Alliance Insurance Services, serving Arvada, CO and the surrounding area, to get quotes for the commercial insurance requirements.

Commercial Insurance for Franchise Operations

Commercial insurance is a broad category that actually includes many kinds of policies and coverage such as:

  • Workers’ Compensation Insurance: This protects your employees for on-the-job accidents and injuries.
  • General Liability: Every business needs to have coverage for general liability.
  • Product Liability: Any business that makes or sells products needs this protection.
  • Professional Liability: Professionals that are licensed to operate need to have this kind of protection, which may also be called malpractice insurance in the health care sector or errors & omissions insurance in the financial sector.
  • Property & Casualty: If the business rents or owns commercial property and/or equipment, this protection is needed.
  • Commercial Vehicle Insurance: Any vehicles used for business purposes, even if only occasionally, need to have this protection.
  • Business Interruption: This protection helps pay the ongoing bills if the business cannot operate for unexpected reasons.
  • Umbrella Insurance: This protection extends the policy limits of other coverage and may cover special risks that are not otherwise covered.

Contact your agent at Alliance Insurance Services in Arvada, CO to make an appointment. Bring copies of any franchise-operator contracts that you are considering, so you can discuss the commercial insurance needs and get a quote.

Coverage That Meets Your Specific Needs

Every vehicle is different. From the king cab truck that hauls gear into the wilderness to the commuter car that inches along in traffic, our vehicles need to be reliable. That means having insurance coverage for them as well. Drop in and ask us some questions about your auto insurance today. Our agents at Alliance Insurance Services will be able to go over your policy and show you others. These will be trustworthy national providers whose names you’ll recognize, like The Hartford, Progressive, and MetLife. You’ll be able to compare them side by side. You won’t even have to wonder about terms because an experienced agent will be right there to explain anything you don’t understand. We’ll help you avoid policies that wouldn’t work for your personal needs. We’re happy to help drivers in and around Arvada, CO.

We’ll help you make sure you have the kind of coverage you need for your vehicle. You can change policies pretty quickly as well if you feel you need to. No matter what, you’ll know more about your auto insurance so that if you do have an unfortunate incident, you’ll already know where you stand. You’ll know your coverage, your agent, and your options. This applies if your vehicle is a scratch-built one-of-a-kind beauty you spent years putting together yourself. It applies even if your car is twenty years old and has been passed down in the family. Your coverage, your protection, and your peace of mind matter to us at Alliance Insurance Services. We’re available online for your convenience, too. You can provide some information and receive some insurance quotes for you to consider. Visit us today and learn what we have to offer our neighbors around Arvada, CO.