When does someone need to have home insurance?

For someone that lives in the Arvada, CO area, owning a home is a great long-term investment option. When you are a property owner, you are going to benefit many different ways including through price appreciation, a hedge against inflation and simply having a stable place to live. If you are going to purchase your own home, you should carefully consider your insurance needs. One of the best ways to do this is by getting a home insurance policy. There are several situations when someone needs to have this coverage.

When Taking Out a Mortgage

One of the most common situations, when you will need to have a home insurance policy, is when you are going to take out a mortgage. A mortgage lender will rely heavily on your home as collateral. Due to this, they will want to make sure that you are protecting it as well as possible. One of the best ways that you can do this is by getting a home insurance policy. In most cases, the lender will require you to pay into a monthly escrow account to ensure your property is always covered.

When in an Association

Those that are in Arvada, CO will also need a home insurance policy when they live in a home association. Property associations often have specific insurance requirements for their local owners. You should carefully review your association’s guidelines when picking a new policy.

Ultimately, there are many situations when having a home insurance policy will be a requirement for you. If you are looking for a new policy, you should call Alliance Insurance Services to discuss. The team at Alliance Insurance Services will help you to find a policy that provides the right type and overall level of coverage for your home. 

Important tips to keep in mind when making an auto insurance claim

Even the most experienced drivers can be involved in car accidents. In the event of an accident in our Arvada, CO roads, you should take a few significant steps such as evacuating or providing first aid to the injured, calling an ambulance and the police and exchanging information with other drivers involved in the accident. At Alliance Insurance Services, we also recommend reporting the accident to your insurance company immediately when the information is still fresh.

Always be prepared with your personal information

When you call to file a claim, your insurance provider will require critical information about you and documentation related to the accident. You will be required to supply the following information:

  • Your names phone number and vehicle details
  • Photos of the damage
  • Location, weather conditions and time
  • The name or badge numbers of the officers who attended to your accident 
  • A copy of the accident report

Enquire about the claim duration

The claiming process can sometimes take longer than required. Some insurance companies in Arvada, CO tend to be faster than others; that’s why it is always a good idea to enquire about time limits. However, as the policyholder, you also need to comply and provide all the necessary documents and information required to make the process successful. Keep in mind that different companies offer different deadlines for filing claims. They also vary based on the type of claim. For instance, bodily injury claims may be different from filing claims for vehicle damages.

Get your car repaired by your mechanic

While most insurance companies prefer to send their own technicians to check and repair the vehicle, you can choose who should repair your vehicle. For instance, if you have your own technician, you will prefer to hire them to check and repair the car. If there are parts to be changed, you can also choose the type of parts you want to have for your vehicle.

If you have any questions about claims, feel free to reach us at Alliance Insurance Services today!

RV Insurance Coverage Options for Arvada, CO Residents

Whether you plan on driving your RV down the street or across the country, you need an active insurance policy. It’s important you are aware of the coverage that is required by CO to ensure you are in compliance with the current RV insurance laws. Here are the facts and coverage options for your RV in Arvada, CO.

Is RV Insurance Mandatory in CO?

If you plan on operating an RV, you’ll need adequate insurance coverage. In Colorado, as an RV driver, you are required to carry liability insurance and underinsured/uninsured motorist coverage. Underinsured/uninsured motorist coverage is necessary :

  • If you are using the RV part-time
  • If you’re renting an RV to take a vacation
  • When you purchase an RV, trailer or camper
  • If you live in the RV full-time

Even though you may have an active homeowner’s insurance policy or auto policy, these insurance options do not provide adequate coverage for your RV.

What Does RV Insurance Cover?

RV insurance in Colorado includes:

  • Collision
  • Liability
  • Comprehensive

Collision Coverage – This coverage handles the expenses if you collide with one or multiple objects or vehicles, regardless of who is at fault.

Liability Coverage – This insurance coverage handles the expenses associated with bodily injury, property damage, and legal fees if you are at fault for an accident.

Comprehensive Coverage – Comprehensive insurance covers everything liability and collision insurance does not. This insurance handles the damages due to smoke and fire, wildlife, vandalism, lightning, hail, and similar scenarios.

You may also want to consider purchasing underinsured/uninsured motorist coverage. This type of insurance provides coverage for you and your passengers in the event you are involved in an accident and the other party does not have adequate insurance coverage.

Here at Alliance Insurance Company, we provide a variety of insurance options for Arvada, CO residents, including home, auto, business, and life insurance. Contact us today to inquire about our insurance solutions. We’re here to help you.

3 Reasons to Sign Up for Motorcycle Training Classes

Whether you’re new to motorcycle riding or have been riding for years, you can benefit from motorcycle training classes. At Alliance Insurance Services, we recommend Arvada, CO riders take advantage of riding classes to hone safety and riding skills that can make them better riders. If you’ve never attended a motorcycle training course before, here are some good reasons to sign up for one today.

Improve Safety

Motorcycle training can improve your safety on the road. Classes will include a review of Colorado traffic signs and laws designed to reduce accidents. Your instructor will also go over safety measures that can keep you safe when riding within the city or on Colorado highways.     

Enhance Riding Skills

Motorcycle training can benefit both new and experienced riders. After some time, it’s only natural for experienced riders to become less vigilant on the road, putting them at risk of accidents. Motorcycle classes can help refresh and enhance your riding abilities to help prevent accidents.

As a new rider, you will learn how to ride defensively to avoid accidents. You’ll practice your skills in a safe, controlled environment. You’ll benefit from the counsel and training of motorcycle instructors with years of experience in their field. Your hours of practice and training will give you greater confidence to integrate into city and highway riding.

Reduced Insurance Costs

Completion of a motorcycle training course in Arvada, CO could make you eligible for discounts on your motorcycle insurance. By putting your training into practice, you’ll reduce your risk of accidents, which can qualify you for insurance discounts due to being a safer rider. Motorcycle training will also enhance your riding experiences so you can enjoy your road trips to the full.

To learn more about motorcycle coverage or purchase a motorcycle policy, contact us at Alliance Insurance Services.

3 Life Insurance Facts You Should Know

If you live in Arvada, CO, there’s no doubt that you have a lot of things on your plate on a regular basis. When everyday life eats up so much of your time, life insurance is almost certainly not on your list of top priorities. While this is entirely understandable (and normal), sometimes it’s easy to put life insurance off until it’s too late. Alliance Insurance Services wants you to know more about your options, so you can make smarter decisions. 

1. Life Insurance Is Flexible 

This is usually the first thing that people should learn about different types of insurance plans. You may see this as meant for exceptionally wealthy people with vast estates. But it could be as simple as setting up a term policy until your youngest child reaches the age of 21. Some people like to have the option of having life insurance as a safety net, meaning their plan has a savings component that can be used for new home repairs, a vacation, or their grandchild’s education.

2. Life Insurance Doesn’t Wait 

The longer you wait to set up your policy, the more complicated it becomes. And if you wait too long, you may just end up in an expensive position that could have been avoided. Asking the tough questions now is a lot easier than if you keep delaying until next year.

3. Life Insurance Depends on Your Carrier 

While many plans may look the same, the life insurance carrier will have a lot to do with how claims are processed and settled. If you’re looking for someone you can trust, Alliance Insurance Services is here to help the people of Arvada, CO get what they need. Give us a call for a quote to find out more. 

Does my small business need commercial insurance

Colorado is one of the top five friendliest states for small businesses making Arvada, CO a great place to grow your business. Small businesses face lots of challenges and as a business owner, you understand just how tough it can be to grow and thrive. You may be considering whether or not your small business needs commercial insurance. Commercial insurance is not one insurance, it has lots of different options, and talking to the knowledgable staff at Alliance Insurance Services can get you the information you need to decide how commercial insurance can benefit your business. 

In the state of Colorado, an employer with one or more full or part-time employees is required to provide workers’ compensation. This is just one aspect of commercial insurance that can be easily taken care of for you. It is good for you and good for your employees to have this important coverage. 

That is the only coverage that is required by the state but other coverages may be required by landlords or those who hold a lease on any of your equipment. Property insurance makes sure that in the event of a covered hazard happening to the building where you do business, your equipment, supplies, inventory, and more will be covered and you will be able to replace or repair it. 

Commercial liability insurance protects you from a suit that is brought against you from someone who might be injured while visiting your business or by a product of your business. Business interruption insurance can make sure that if you are unable to remain in business due to a covered event you will have the money to pay your day to day expenses. 

For the most part, you don’t need all commercial insurance but some parts will be very valuable to most small businesses. Give Alliance Insurance Services in Arvada, CO a call to set up an appointment to discuss the needs of your small business. 

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. 

Three RV insurance features to take advantage of

You should familiarize yourself with everything that RV insurance can offer in Arvada, CO when you’re buying a policy. There are many features that policies from providers like us at Alliance Insurance Services can offer. 

The following are three RV insurance features you might want to take advantage of in your insurance policy.

Towing and roadside assistance coverage

Most RV insurance policies should come along with some coverage for towing and roadside assistance. This coverage is important. If you break down, you will need to have your RV towed to a garage that can offer repairs. This can be expensive if you are located far from town. That’s why having towing and roadside assistance coverage is so important. 

Personal property coverage

RV owners typically have a lot of their personal items in their RV. These items could become damaged or destroyed in the event of an accident. With personal property coverage on your RV insurance policy, you could be reimbursed for damages to your personal property. 

It’s important to evaluate the value of your personal belongings within your RV. To enjoy maximum protection, you should have personal property coverage on your policy up to the full amount of the value of the possessions in your RV. 

Full-time coverage

You’re going to need more coverage if you live in your RV full time. In this case, you want to invest in full-time coverage. The premiums for such a policy may be slightly higher than for an average RV insurance policy. However, it will offer much-needed added coverage for full-time RV residents. 

If you’d like to learn about all the features that go along with our RV insurance in Arvada, CO, contact us. At Alliance Insurance Services, we’re here to provide you with helpful tips and information to ensure that your insurance needs are met. 

Three motorcycle insurance add-ons to consider

You need to find the right motorcycle insurance policy in Arvada, CO to protect yourself from financial liabilities. At Alliance Insurance Services, we offer a variety of options to those on the market for motorcycle insurance.

The following are three motorcycle insurance add-ons you might want to consider if you’re looking to insure your bike. 

Loan/lease gap coverage

It’s possible that you’ll be dealing with an underwater loan or lease on a motorcycle at the moment when your bike gets totaled. In this case, you would have to continue making payments on a bike that you don’t have anymore.

If you purchase loan/lease gap coverage, you’ll be compensated for any leftover payments on your loan or lease. 

Uninsured or underinsured motorist coverage

There are a lot of motorists out on the roads who are not carrying adequate insurance. If you have the misfortune to get in an accident that is caused by one of these motorists, you’ll want to have uninsured or underinsured motorist coverage. This provides additional coverage to make up for a lack of insurance on the part of another motorist. 

New motorcycle replacement coverage

A typical insurance policy will cover you for the estimated market value of your bike in the event of a total loss. However, you might want to be able to buy a completely new bike if your bike gets totaled. To get full coverage for a new replacement bike, you’ll need to add new motorcycle replacement coverage to your policy. 

We’re here to answer all your questions on these motorcycle insurance add-ons and more. If you would like to learn about our policies in Arvada, CO, contact us at Alliance Insurance Services.