5 Things to Know About Umbrella Insurance

Umbrella insurance is an important way to protect yourself and your assets from liability and other types of claims. But with that in mind, it’s also necessary to make sure that the policy is the right one. If it isn’t, you may not get the coverage you need. If you don’t know that until you make a claim, it could leave you in a bind. Fortunately, you can avoid that type of risk by trusting your Lakewood, CO umbrella policy to the knowledgeable and dedicated agents of Colling Insurance Services, Inc. Here are five things you should know before buying your policy.

1. Umbrella insurance is additional coverage, and adds an extra layer of protection over and above home, auto, business, and other types of policies.

2. People with significant assets may need umbrella coverage, but people with smaller asset levels may also feel better with additional coverage.

3. Umbrella policies don’t have to be complicated, and many policies are available that provide a high level of value for the policy requested.

4. Anyone can get an umbrella policy, and they can get better peace of mind along with that insurance coverage.

5. Working with a good agent makes a difference, because it helps you get the policy you need from people you can trust.

When it comes to getting the right policy, the right company is going to make a difference. Insurance policies are only as good as the companies that back them, so finding a trusted company matters. That way you can enjoy the quality and value you expect, along with the peace of mind you want and need. By purchasing your Lakewood, CO umbrella insurance from Colling Insurance Services, Inc. you can put your worries to rest and know you are adequately covered.

Motorcycle Insurance- What’s Covered and What Isn’t?

Why do I Need Motorcycle Insurance in Lakewood, CO?

Motorcycle insurance is a necessary protection for the motorist and anyone that they may hurt, as well vehicles that they may potentially damage on the road. A motorcycle insurance policy will back you financially in case of an accident, damage, or loss or theft of your motorcycle. Coverage is applicable to choppers, street bikes, mopeds, and Segways. Colling Insurance Services Inc. understands the ins and outs of motorcycle insurance and can guide you toward purchasing the right policy for your bike.

What Will a General Motorcycle Insurance Policy Cover?

A general motorcycle insurance policy will cover some costs incurred with damages and compensation if you cause damage or harm to another person and/or their property. Motorcycle insurance will also cover legal fees, including at-fault liability claims and judgments. Claims are covered only up to the limit of your policy amount.

Motorcycle insurance policies are customizable and can be done so to include medical payments, full replacement of your motorcycle, comprehensive coverage- which covers damage or loss outside of accidents, as well as theft, uninsured riders and more. Insurance coverage should be picked according to your bike type and usage- the riskier the vehicle and the more frequently it is used, the more insurance you will require.

What is Not Covered by a General Motorcycle Insurance Policy?

Because motorcycle insurance policies can be tailored, there is a lot that can potentially be covered by your policy. However, there are instances where your insurance will not cover you whatsoever. That is in the case of using your motorcycle to race or perform stunts, causing intentional bodily harm or damage to someone’s property, using your vehicle to perform deliveries or act as a taxi service, or committing crimes.  

Colling Insurance Services Inc. caters to the Lakewood, CO community and can help you figure out the best policy for your motorcycle. Contact one of our experienced agents today to get started. 

Why You Should Have Dental Insurance

Dental work can be expensive in Lakewood, CO, so dental insurance can make sense for you as long as you understand what is being covered. This allows you to still see the dentist you prefer.

Many people don’t think insurance is worth it because you don’t come out ahead, and dental insurance is not a type of insurance that you are required to have, but there are a number of benefits.

Dental insurance emphasizes prevention, so typically two exams a year, x-rays cleanings and fluoride treatments are covered. This helps increase the chances that those with insurance will actually visit the dentist. Preventative care saves a lot of money in the long run. For those that need treatments, such as fillings, root canals and crowns, you won’t have to dig into your savings account and you’ll pay a lot less for any treatment that is needed. As adults get older, they may need more work on their teeth, which makes dental insurance worth the cost.

There are different types of dental insurance plans, and the best way to find one that works for your situation is by speaking with an agent at Colling Insurance Services Inc. An agent can help you decide if a PPO or HMO plan is better for you. HMO plans usually restrict coverage to dentists within a limited network. PPO plans allow patients to see dentists that are outside the network, but are charged much lower rates if they see a dentist that is within the preferred network. There are some waiting periods with dental insurance, so it’s important to get insurance before you need a cavity filled or some other dental work. You aren’t able to sign up for insurance just when you have an emergency.

Contact an agent at Colling Insurance Services Inc. serving Lakewood, CO to discuss dental insurance options.

The Basics of RV Insurance

With so many varied types of recreational vehicles, sometimes a single policy may not handle the different types of RVs (fifth wheels, motorhomes, travel trailers and pop-up campers). Usually, RV insurance may be required depending on the kind of RV you own. Read on to know more basics about this kind of insurance provided by insurers like Colling Insurance Services, Inc. serving the Lakewood, CO area.

RV insurance coverage comes handy for campers and motorhomes. What’s more, RVs come in different sizes and shapes. All vehicles driven on the road must be insured, including motorhomes. Note that there is a minimum liability your state requires for you to drive your RV legally.

Is it required?

Camper and RV liability insurance is needed in every state, including Colorado. The state also requires underinsured and uninsured motorist coverage for the following conditions: 

  • When you buy a camper, travel trailer or RV             
  • If you are living in the RV full-time
  • When you use a rented RV for a vacation
  • When you use the RV part-time

Are you wondering if your auto insurance or homeowners insurance offers enough coverage for your RV? The answer is no. Your camper, travel trailer, or RV requires a separate insurance plan.

What is covered?

RV insurance usually includes the following:

  • Collision –the plan covers losses if you collide with other vehicles (no matter who is at fault) or a stationary object.
  • Liability –this will cover expenses of property damage, bodily injury, and legal cost in case you are at fault.
  • Comprehensive –this policy covers the cost of fire and smoke, collision, lightning hail, flood, animals, theft, windstorm, vandalism as well as overhangs or low branches.

Underinsured and uninsured and motorists –this will cover you, and the passengers should be a person who lacks enough or doesn’t have insurance cause an accident.

Some insurance companies can also provide additional coverages like:

  • Vacation or campsite liability
  • Total loss replacement
  • Attached accessories
  • Towing and roadside
  • Emergency expenses
  • Personal effects

Consult with your Lakewood, CO insurance companies such as Colling Insurance Services, Inc. to get more details regarding your RV coverage options.

 

Will Motorcycle Insurance Cover My Passengers?

As a motorcycle rider, you may wish to take family, friends or loved ones out for a ride sitting behind you, if your bike allows for it. But one of the questions that we at Colling Insurance Services Inc. serving the greater Lakewood, CO are often asked is whether motorcycle insurance will cover passengers if they are injured while going out for a ride. Read on to find out the answer. 

Will Motorcycle Insurance Cover Passengers?

Motorcycle insurance will cover any passengers that are riding on a motorcycle with you. If the accident is caused by someone else, their insurance will pay the medical expenses before your insurance kicks in, if you surpass the limits of their policy. If you were at fault for the accident, your insurance will pay. 

Why Having the Right Coverage Limits is Important?

Having the right coverage limits is important whether you are riding alone or with a passenger. Having the right coverage limits helps to ensure that your insurance will cover all of the medical expenses in the event of an accident. Having the right coverages helps to ensure that you are covered if an uninsured or under-insured driver hits you, or helps to ensure your coverages are high enough if you are at fault for the accident and you and your passenger sustain many injuries. 

Having the right motorcycle insurance coverage is extremely important. If you have questions about your coverage or want to learn more about whether it is too low, contact Colling Insurance Services Inc. serving the greater Lakewood, CO today. We can sit down with you and help you determine how much covers you need. 

Planning Your Extended Boat Vacation: What Should You Pack?

Are you planning a summer boating adventure that lasts more than a week? Long trips give you time to truly relax and enjoy the solitude of open waters. But they also present unique challenges when deciding what to pack. Space is often limited, so cargo must be planned out thoroughly. Colling Insurance Services Inc. in the Lakewood, CO area wants you to get all the pleasure you can from your marine vacation. Use this guide to help choose what you bring out on the water.

  • Don’t overdo it on clothing. Unless you plan on spending a lot of time at ports, you won’t need much more than several sets of comfy swimwear, shorts, and t-shirts. Bring one or two formal outfits for nights out on the mainland.
  • Snorkels, fishing poles, and other sports gear should be packed last. That way you won’t have to waste time searching for them under a mound of supplies when it’s time to play.
  • Make sure your first aid kit is up-to-date. Include extra supplies of current medications and over-the-counter remedies you may need.
  • Keep a copy of your current boat insurance policy on board for emergency reference. Place it in a safe, waterproof container with your satellite radio, flashlight, flares, and other emergency equipment.
  • Limit grooming products to the absolute necessities. Multiple people can share products to save space and limit clutter.
  • Plan your food stores. If you won’t be making any restocking stops, make sure you have enough to keep everyone happy by writing out your daily meals.

Colling Insurance Services Inc. provides boat insurance policies for residents around the Lakewood, CO area. Contact us to learn how boat insurance can make your summer adventure safe and carefree.

Why You Need Umbrella Insurance for Your Small Business

Any business needs to be protected appropriately. As a small business owner, you should know that your business requires the right insurance coverage to safeguard it against financial losses that may happen. Therefore, having an umbrella insurance policy is a necessity for every small business. Umbrella Insurance policy not only covers your assets and business from personal liability but also works as an alternative to an individual’s coverage such as auto insurance.

 It offers the much-needed extra protection to your business in case your standard liability policy limit is exceeded. Colling Insurance Services Inc. provides comprehensive umbrella insurance policy for small businesses in Lakewood, CO. Here are three reasons why you should have comprehensive umbrella insurance for your small business.

Pays for Losses In case of a Lawsuit

When your small business is facing a lawsuit, then an Umbrella insurance policy can help to protect your small business whenever the losses exceed your protection limit under your standard business liability policy. It also covers the bodily injuries caused to any individual on your business premises or as a result of your business operations and processes.

Protects Your Assets

Without umbrella insurance policy, you will be responsible when your normal liability insurance limit is exceeded. You may end up selling your business assets and personal belongings to cover for liability if your business lacks a commercial umbrella policy. As a business owner, that is something you cannot afford to do. Therefore, the only way of safeguarding your business assets is by purchasing a comprehensive commercial umbrella policy that will come into play when your liability limit on the standard business insurance is exceeded.

Covers Your Business Vehicle with Additional Liability

Typically, commercial umbrella insurance will provide financial protection where your general business liability insurance cant. For instance, your standard commercial insurance policy may feature limitations on who can drive your business vehicle and where the car can be driven. If your business vehicle is operated outside the limitations of the policy and is involved in an accident, your provider won’t cover the expenses. This is where your commercial umbrella policy comes in to help you.

Are you a business owner in Lakewood, CO? Contact Colling Insurance Services Inc. for a commercial umbrella policy.

Will Adding My Teenager Increase My Auto Insurance

When it comes to keeping your teenager safe on the road, you want to make sure they are driving in a safe vehicle. One way to make sure the care they are driving in is safe is by having the tires rotated on a regular basis. Also important is to check the tread depth on the tires and replace them as needed. A tire blowout can lead to accidents and you want to avoid this at any cost. Furthermore, to keep your teenager safe on the road, you should invest in an auto policy. You may be asking yourself if adding your teenager to your policy is going to increase your rate. Let’s take a closer look at the answer to this question. 

Yes, Your Rate Is Going to Increase

Generally, your insurance rate will increase when you add your teenager to your auto policy. Why? Because teenage drivers are at the highest risk of being involved in an accident. Also, your teenage driver hasn’t had an insurance policy before, meaning it will cost more to insure him or her. 

You Have to Start Somewhere

One of the biggest factors insurance companies consider when determining the rate for a driver is whether or not they have had insurance before. Once you add your teenager to your policy as a driver, this will start building up his or her driving history; this will help secure lower rates on insurance as he or she gets older. 

If you would like to learn more about auto insurance for your teenager, as well as other types of insurance, such as health, please contact Colling Insurance Services serving the Lakewood, CO area. 

Pros And Cons Of Healthcare Savings Accounts

Colling Insurance Services, Inc. Lakewood, CO is dedicated to providing practical solutions to its client’s insurance needs.  The Affordable Care Act  (Obamacare) is going through dramatic changes by the new tax law that repealed the ACA mandate. Health tax-free savings accounts are promoted to offer a healthcare plan for individuals to put aside savings to help pay their medical costs. 

The following  federal guidelines must be met to be qualified to set up an HSA:

*    Not eligible for Medicare while you can still use an HSA if the HSA exists before being enrolled in Medicare. But you cannot continue  contributing to your HSA
*    A  High-Deductible Health Plan (HDHP) must be in place when setting up an HSA 
*    HSA can only pay for qualified medical expenses 
*    Not a dependent according to an IRS determination of another’s return

The healthcare savings accounts have been both praised and criticized.

PRO

*  Pay for healthcare expenses
*  While individually owned anyone can contribute to your HSA including your employers 
*  Pre-tax contributions which reduce Federal taxable gross income including most states taxable income 
*  Interest accrued or any assets in HSA’s are tax-free
*  HSA funds roll over annually
*  HSA funds are available regardless of changes in health care insurance plans, changes in employer and upon retirement.
*   Debit cards are available to distribute HSA funds and access funds at ATMs

Con

* The requirement for an HDHP
*  Unexpected health care costs when no HSA funds available 
*  Difficult to save money for HSA
*  Non-qualified expenses are taxable with a penalty before reaching retirement age of 65 
*  Must keep good records and receipts
*  Monthly bank maintenance fees

Colling Insurance Services, Inc. Lakewood, CO will keep you advised of the changes in healthcare.  Please call! 

What to Consider When Getting Dental Insurance in Lakewood CO

The best and easiest way to maintain a healthy and beautiful smile for life is by getting dental insurance coverage. However, unlike a visit to the dentist, deciding on what dental policy to take can be challenging. Colling Insurance Services, Inc. ensures that Lakewood, CO residents get sufficient dental coverage by listening to their needs and providing useful information. Before settling for dental insurance coverage, here is what you need to consider:

What is catered for?

Before getting dental coverage, it is advisable to read the fine print and understand what is provided and what is not. Dental policies, unlike other insurance policies, have a wait time before they can cater for major dental services such as crowns and root canals. As you decide on particular coverage, understand how much time it will take.  Most policies provide basic services such as cleaning, X-rays and preventive exams, but it is wise to know whether the policy goes beyond to cater for cosmetic dental services. With such information, you are in a position to make a sound decision based on your dental requirements.

Deductible and co-pay amount

Since no dental coverage caters for all dental service, you will be required to dig in your pocket when you visit a dentist for certain services such as tooth extraction and fillings. As such, it is advisable to understand the limits of each and settle for one that is reasonable given your dental service requirements and that of your family.

Preferred dentist

If you already have a preferred dentist, determine whether they accept coverage you are about to get. Also, determine if the policy allows you to choose your dentist.  This will save the time of searching for a new dentist, and if you have not settled for one, get the one who falls under your insurance network in Lakewood, CO.

If you need more information on dental insurance, contact or visit Colling Insurance Services, Inc. in Lakewood, CO. we have qualified and experienced insurance experts who will answer any of your questions. Visit our site and get started with dental insurance suitable for your needs.