When to File an Auto Insurance Claim and Who to Contact?

When you have been in an auto accident, it is dependent on your type of insurance coverage, the other party’s insurance coverage and who is at fault as to who should be contacted and for what portion of the insurance policy.

Damages to Your Car

If your vehicle is damaged in an auto accident in Arvada, CO and it is clearly the other driver’s fault, you will file a claim with the other driver’s liability insurance. Their liability policy will pay for repairs or to replace your car.

 If the damages are may clearly your fault, you file a claim with your insurance policy under your collision policy. 

If the fault is not clear or it can be that both parties are at fault, then you file a claim with your insurance and the other driver’s insurance. After the fault is determined, you will get your damages covered by one policy or the other. 

If the damages are not from a collision, such as your car is stolen, vandalized or has hail damage, you file a claim under your comprehensive insurance.

If the other driver has no insurance or is underinsured, you file a claim with your insurance company, Alliance Insurance Services, under the uninsured/underinsured motorist coverage. 

If you are Injured

If you are in an auto accident and you have injuries, you file a claim with your insurance provider under your personal injury protection (PIP). This applies even if you are not at fault or have health insurance. The PIP portion can help pay for the bills that your health insurance doesn’t cover, so you won’t have a balance to pay on your medical bills. 

If the other driver is at fault, you file a claim with their liability insurance. 

If the other driver has no insurance or is underinsured, your own insurance policy will cover expenses for you from the underinsured or uninsured portion of your policy. 

Minor Damages to Your Car and no Injuries

If it’s the other driver’s fault, file a claim with their liability policy, because you won’t need to pay a deductible to get your damages repaired.

If the accident is your fault, consider if the minor damage is okay with you or if the cost of fixing it is little over your deductible, consider not filing a claim at all. The small number of repairs after you pay your deductible might not be worth an increase in your insurance rates.

At Alliance Insurance Services in Arvada, CO, we are here to help you every step of the way after an accident. You can use our online rating tool or call or come by the office to get more information on auto insurance.

Defining The “Minimum” In Auto Insurance Rates

You enjoy weekend rides through town in Arvada, CO. Do you have enough auto insurance, though?

The state of Colorado requires drivers to have a minimum of $25,000 coverage for bodily injury per person hurt in an at-fault accident. You are required to have $50,000 for bodily injury per accident. Colorado state minimum for auto insurance requires $15,000 per accident for property damage. 

The above figures may be representative of the minimum, but they are not absolute. You may need to purchase more or less insurance depending on your financial standing. Alliance Insurance Services can help you navigate the ways of assurance in Arvada and beyond.

What Does The "Minimum" Mean?

Some drivers believe that they cannot be held liable for damages or injuries incurred in an at-fault accident so long as they keep the minimum policy limits as established by state regulations. The reality, however, is that you are responsible for all damages in an at-fault accident regardless of whether your insurance provider pays all of the bills. Some drivers have found themselves on the receiving end of lawsuits because their policy limits were not enough to pay for everything. You do not want to be one of these unlucky souls.

The “minimum” in the insurance world refers to the absolute cheapest route you can take to obtain an indemnity plan. You do not fortify yourself against lawsuits simply because you chose to buy insurance.

What about rising premium rates?

It is true that the state of Colorado is ranked as number three when it comes to steadily rising premium rates. Part of the reason for the growing expense is because of hikes in vehicle theft that leave insurance providers with no other choice than to protect themselves against loss. Still, even with the cost of auto indemnity plans rising, it is still better to go for the plan that best satisfies your life instead of searching for the cheapest route. 

Let Alliance Insurance Services Help

Our agents have been in the insurance business for many years and are eager to match your circumstances with the right policy. We offer the following products. Contact us today for a quote in Arvada, CO!

What Types Of Commercial Insurance Do I Need For My Business?

As a small business owner in Arvada, Co, you probably understand the importance of purchasing commercial insurance. You may, however, be confused about what kind of commercial coverage your particular business needs. Some types of coverage are required by law, while others are dictated by your professional circumstances. Read on to find out what your Alliance Insurance Services policy should cover based on your small business needs.

If You Have Employees

If you have employees, the state of Colorado requires you to carry the following types of coverage:

  • Worker’s compensation insurance
  • unemployment insurance

According to the Colorado Workers’ Compensation Act, every business in the private and public sector that hires employees must carry worker’s compensation coverage.

This coverage extends to both part-time and full-time workers. Compensation coverage reimburses your workers with partial wages and covers medical costs in case of injury on the job.

Additionally, you must pay for unemployment tax, which partially covers your employees’ wages in the immediate aftermath of getting fired.

If you Use A Vehicle

If your business requires the use of a vehicle in any capacity, you need to purchase commercial auto insurance.

For a business registered in Arvada Co, you need to carry the following amount of coverage per business vehicle:

  • Bodily harm: $25,000 per person
  • $50,000 per accident for bodily harm
  • $15,000 per accident for property damage

In case of an accident, the other party can sue you over these minimum limits, therefore, it’s smart to purchase more commercial auto coverage. The state’s law mandates that should the other party’s damages exceed your auto policy, your business is responsible to cover the difference.

If You Are A Practicing Professional

It’s fair to say that all business owners are professionals. However, certain types of professions require you to carry coverage for charges made against your services or products. In general terms, this type of coverage is classed as liability insurance.

If you’re a practicing doctor or lawyer, you need malpractice insurance. As an architect, realtor or engineer, you should seek errors and Omissions coverage. Any other small business owner should purchase business liability insurance, which protects them from being charged in case of harm caused by their service or product.

Are you ready to protect your business? Contact a friendly Alliance Insurance Services agent to discuss the type of policy that works best for you.

Making Sure Your Home is Safe During the Holiday Season

The holiday season is one of wonder and excitement, but it is also a time to be extra cautious about the various safety issues that are relevant at that time of year. Here are tips for keeping your home safe during the holidays, courtesy of Alliance Insurance Services serving Arvada, CO.

Lighting and electrical issues

Thoroughly inspect holiday lights before stringing them up on your Christmas tree and on the exterior of your house. Do not overload electrical outlets by plugging in too many items. Turn off holiday decorative lights and other seasonal electrical items before you go to bed and when you leave the house.

Fireplace safety

Whether you use a gas or wood-burning fireplace, it is important to keep safety top of mind. Always be nearby to monitor the fireplace while it is in use. Make sure sparks or other flammable items stay in the fireplace. Keep children and pets away from fireplaces and candles.

Home security

No discussion about safety would be complete without talking about the prevention of theft during the holidays. Do not leave packages containing gifts sitting on your porch or anywhere outside your house. Make sure all doors to your house are locked at all times, and if you go out of town for the holidays, take the proper precautions to protect your home. Consider having a security system or security cameras installed.

There are many other ways you can keep your home safe and sound during the holiday season. If you need further guidance and want to make sure you have appropriate home insurance, feel free to contact Alliance Insurance Services serving Arvada, CO.

Avoid These Four Commercial Inurance Policy Pitfalls

You perhaps started your own business because you wanted to do work you love. Then, just as many other Alliance Insurance Services business clients operating in Arvada, CO have learned, pursuing your passion could cost you your entire profits unless you prepare for what you hope will never happen but might. However, knowing you need commercial insurance is not enough. Avoid these four pitfalls when shopping for coverage for your company.

 

1. Forgetting about inflation —You have to remember, for instance, to account for what the price of new equipment might cost you 10-20 years from now. The same is true of damaged property if disaster strikes decades after you started operating in Arvada, CO.

2. Not thinking about costs of occupational injuries —If you have employees, it is highly recommended that you protect yourself against financial loss if one of them needs treatment after becoming hurt on the job. If your company is liable, you might also have to pay for lost wages, so be prepared.
3. Not being thorough enough with inventory — You might not have enough to replace equipment and supplies if you don’t account for all that you own. This could hurt your business because you maybe will not be able to serve as many clients with the sudden downsizing of your operational inventory.
4. Not protecting yourself against theft or vandalism —You need financial security as well as physical security to protect your property. You especially need this if you have customers entering and leaving your place of business all day long.

We Can Assess Your Insurance Needs

Alliance Insurance Services does not want you to lose your business and give up your passion. Contact Alliance Insurance for help with choosing the right commercial insurance plan for your operation.

 
 

Does Auto Insurance Cover Natural Disasters?

Colorado law requires car insurance. It is not just for the citizens to observe to but a vital need for protection, your protection and the protection of other people. Arvada is the populous city in Colorado, with natural disasters every once in a while. Unfortunate events or accidents may happen and having auto insurance means financial protection. Alliance Insurance Services can help you. Here are the basic types of coverage available to drivers in Arvada, CO.

Liability Insurance 

This auto insurance coverage helps to protect other people and their property.  It does not provide any coverage for you personally. In case you get to an accident where you are at fault and injures another person, liability coverage helps to pay for the medical expenses. If the accident causes damage to someone else’s property, liability coverage helps pay for repairs. 

Collision and Comprehensive Insurance

Collision coverage is there in cases where your vehicle is involved in a crash with another vehicle even when you are the one that caused the accident; dents in your car, or rammed into a fixed structure. This insurance policy covers most car crashes and auto accidents. 

Comprehensive coverage, on the other hand, covers situations that don’t include collision, this can include theft, car damage from the aftermath of the storm and any situations that are beyond our control classified as “ acts of God or nature." This is the type of insurance that you want.

Alliance Insurance Services can definitely help you in getting the liability insurance coverage as required by the state. Not only that, but the agency can also help you create an additional policy that will suit your needs. Get your free quotes online or call us now to get further information on our competitive offers for your protection.

Does Your Side Business Need Commercial Insurance?

Having a side hustle in Arvada, CO is great, because you are making some extra money and probably doing something you are passionate about. However, your side hustle is still a business, and you want to protect it with the right commercial insurance. Without the right insurance, your side business could be in trouble.

It doesn’t matter what your side business is, since it’s a small business and every small business should be protected. A business owner’s policy, or BOP, is a packaged policy that includes the coverage a business owner needs. This includes liability, property insurance, vehicle insurance, and business interruption insurance. You can customize this to suit your business needs. Speak with an agent at Alliance Insurance Services to see exactly what this policy would include for your specific business.

Professional liability insurance is going to be the most important. This will cover claims against you that are due to negligence, mistakes, or failures to perform. If your business causes any bodily harm or property damage, then this insurance will protect you.

It’s important to protect the space where your side hustle is happening. If you are renting out space, you want property insurance to cover any equipment, inventory, and furniture. If you are running your business out of your home, your homeowner’s policy won’t cover any business owned assets or equipment.

If your side hustle has grown to have more than one employee, then you will need to have workers compensation insurance in Arvada, CO to protect you for any sort of injuries on the job.

If you are using your vehicle for any business-related things, then you also need to have commercial auto insurance. This applies to any employees who drive their own car to deliver goods or services.

Cyber liability can help protect you if you store personal client information. If you suffer a hack, you could be sued for breach of privacy, and this insurance can help cover lawsuits and settlements.

Contact Alliance Insurance Services to get a quote for commercial insurance for your side business.

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.

Benefits of RV insurance

Recreational vehicles are meant for fun. But, they also represent a tremendous financial investment, which means that the owner can suffer a substantial financial loss if it’s not appropriately protected through insurance coverage. In Colorado, recreational insurance is essential since your standard auto and homeowner’s policy doesn’t cover physical damage or liability for your recreational vehicle. At Alliance Insurance Services, we provide recreational insurance in Arvada, CO and its surrounding environs.

Many people don’t know that recreational vehicles include motorhomes, boats, pull-a-longs, and fifth wheels. No matter the type of recreational vehicle you own, it’s essential to have an insurance policy that protects you, your investment, as well as your passengers.

Benefits of RV insurance

RV insurance is categorized into different coverages. The property damage and bodily injury liability policies will pay for the damages or injuries you cause to another party. You can also get a comprehensive/collision policy to pay for your RV if it gets damaged in a collision or stolen no matter who is at fault. Other coverages that you can get include medical payments for covering medical expenses after an accident and underinsured/ insured motorist’s policy which pays for losses if you are involved in an accident with an individual who lacks the financial resources to compensate you.

When you have these coverages, you will not worry when you are using your RV no matter where you are. Also, your RV insurance can provide extra coverage that applies specifically to your RVs exposure and size. For instance, roadside assistance coverage will help if your recreational vehicle breaks down and requires towing. You can also get emergency expense coverage to cover the expenses incurred if you have to call the fire department to save your recreational vehicle.

If you own an RV, a visit to Alliance Insurance Services in Arvada, CO will be beneficial; you’ll get the perfect coverage to protect you when you need it most. Feel free to talk to us today.