Category: Insurance

Colorado has a great deal to offer, and our residents make the absolute most out of those offerings with scenic neighborhoods, beautiful homes, and the space to play with our toys in the great outdoors.  Owing to the world’s uncertainties, however, you want to make sure that all the things you have are protected, and where the importance of umbrella policy coverage becomes essential.  For Erie, CO residents looking for the most comprehensive insurance policy possible, we invite you to come to speak to our trusted agents at Advantage Service Insurance.

Learning about Umbrella Insurance in Colorado

What is umbrella insurance?  As its name implies, the purpose of umbrella coverage is to provide protection when your typical insurance policies bump up against maximum payout maximum.  As an example, assume you were in an auto accident where you were found at fault.  While your existing insurance provides coverage up to $250,000, the resultant damage and medical costs have racked up $640,000 in bills.   

Under this scenario, you would be on the hook to pay an additional $390,000 to cover the total liability of the accident.  This is when umbrella insurance becomes critical.  In the above scenario, your umbrella coverage picks up where auto insurance policy stops at the $250,000 amount.

Providing additional protection for bodily injury, property damage, and charges of negligence, in short, the purpose of umbrella coverage is to protect you from being financially wiped out in the event of a lawsuit.

Contact Advantage Service Insurance in Erie, CO

If you have questions regarding your overall insurance picture and wonder how a Colorado umbrella policy will provide protection should the worse occur, we invite you to talk to our friendly staff here at Advantage Service Insurance. We have the answers you need to make an informed decision regarding your overall insurance picture.

Colorado is not new to harsh weather, particularly floods. Residents in Erie, CO, and other parts of the country are required to buy flood insurance to protect them from financial losses caused by floods. Advantage Service Insurance recommends inquiring about the level of risk from the National Flood Insurance Program (NFIP).

Who should buy flood insurance? 

The question of whether you should buy insurance or not heavily depends on two things:

• Whether your home is bought through mortgage and you live in a high-risk flood zone. In this case, your lender will require you to purchase flood insurance.
• If you live in a flood zone area or NFIP has marked your area as high risk or if your zone is marked D because it hasn’t been mapped yet and therefore not clearly known if it is high risk or not.

Natural disasters do not always cause floods.

Always keep in mind that flooding can come from anywhere, including your neighbor’s overflowing creek. Therefore, whether you have the option of buying it or not, the most important thing is to ensure that you are mentally, physically, and financially prepared to handle any water damage in your home.

What you should know about flood insurance

It only covers damages caused by water that fell from the sky and entered your home and compound. That means that damage caused by your tap can only be covered under home insurance. However, if the same rain caused the creek in your neighborhood to overflow and run into your home, flood insurance can cover the damages.

Floods are natural disasters that can wreak havoc in a matter of minutes—assessing and understanding what to do plays a significant role in recovering and getting things back to normalcy. If you still need advice on flood insurance, Advantage Service Insurance is here to help. Visit our Erie, CO offices, and we will help with all the information you need.

Living in a condo comes with several benefits. You don’t need to worry about buying coverage for the entire building and its components. However, many condo owners are never sure about how much coverage they need to buy to protect both personal belongings as well as their loved ones. At Advantage Service Insurance serving Boulder and Erie, CO, we recommend understanding the policy before making any purchase. If it is your first time buying condo insurance, here are a few tips to help you get it right.

A little research won’t hurt

Before you begin your shopping, you may need to understand the different terms used in the condo insurance industry. This way, you stay ahead of your insurance company. Learn the ins and outs of the coverage options offered and their requirements.

Shop around for the best deals

Insurance companies have different quotes, regulations, and techniques when calculating your condo insurance policy. Checking with a few of them to compare prices and coverages helps you get the most out of your insurance. Consider asking various questions and see how the agents respond to them. This will guide you on which companies to trust and which ones to drop.

Cheap is expensive

When it comes to condo insurance, it is essential to understand that cheap is expensive. Don’t go for the most affordable option in town. Cheaper policies are problematic as they lack crucial coverages. You may end up digging in your pockets to finance repairs and replacements in case of damage in your condo. If you have valuable or priceless items in your condo, like jewelry or artwork, you may need to buy extra coverage for them because your standard condo insurance may not be adequate to cover them entirely.

Condo insurance, like home insurance, is an essential way of organizing your finances. Condo insurance protects you, your loved ones, and your belongings from perils. Secure what is important to you with condo insurance, and our team at Advantage Service Insurance in  Erie, CO will be happy to assist you.

Successful leaders of businesses are known to have a lengthy list of excellent contacts. Those leaders are probably good at building relationships that help with company growth and additional success. Strong leadership is also a nice way to find outstanding employees and create an impressive reputation for excellent customer service. Good communication also helps with promotions for a company’s products or services. Successful growth with the expansions can be a good reason to celebrate for the business leaders. With this success, businesses may consider their current coverages for commercial insurance. Serving Erie, CO, Advantage Service Insurance is experienced working with successful business leaders and helping with any requests for commercial insurance.

Our insurance company is available to discuss everything from expansions of your business to employee hiring. Business property insurance is also smart to consider for a company with proper planning for any product storage or placements of business assets. Commercial insurance for your success is useful for planning, and this can be helpful for new start-ups or expansion efforts. Rental payment insurance could be an additional consideration with any additional business locations and lease agreements. Our qualified staff can walk business leaders through coverages for workman’s compensation and commercial umbrella insurance.  

Healthy relationships are an excellent way to build businesses with company growth as a smart focus. Having useful business contacts is an intelligent approach to being successful as a company. Commercial insurance can include general liability coverage for companies providing products, services, or possibly both. You can contact our insurance agency for more information. Successful businesses are strong in Erie, CO and Advantage Service Insurance has a trained staff ready to answer any questions you may have about commercial insurance. Visit our agency by e-mail or call our office for customized quotes.