Monthly Archives: July 2021

Why Boat Insurance is a Must

If you purchased a boat recently in Lakewood, CO, you could attest that it’s an expensive investment that you ought to care of as you do to yourself. Unfortunately, perils like accidents, theft, fire, and many others are never far from your boat. If any of these mischances arises, you incur costs that you were not ready to bear. 

However, with a boat insurance policy from Colling Insurance Services Inc., you are well-covered. Here are reasons why investing in boat insurance is a no-brainer.

It may be required 

If you are interested in purchasing a personal boat but have no financial capacity to do so, you can approach a bank and ask them to finance you. Most of them will be ready to help you but under one condition — that you must obtain boat insurance coverage. 

They want to be sure the boat will be compensated in case of damages.

Liability coverage

Just as cars encounter crushes on the highways, boats also face perils in water. In unfortunate instances, your boat could crush another boat causing damages and maybe injuries. If you are the one at fault, you are held liable for the losses. Thankfully, your boat insurance comes to your rescue, protecting your finances.

Medical payments

If you or your passengers suffer injuries in a boating accident, boat insurance helps cover the resulting medical costs. Besides, it covers partial loss of income if you can’t work due to injuries. 

Protects your boat

Assume an accident, theft, or fire-ravaged your boat? This mishap would be a huge setback, especially if boating is your prime activity. However, when covered with boat insurance, your boat will be repaired or replaced without touching your pocket

Buy boat insurance today!

Are you shopping for affordable boat insurance in Lakewood, CO? Please contact Colling Insurance Services Inc. to obtain your coverage today and be a happy boater. 

Why do people in Colorado need to get umbrella insurance?

For those in and around Lakewood, CO, residents are going to have a few forms of insurance protection. Many of these, including auto or home policies, will include a provision for liability insurance. While you can receive some coverage with this insurance, it is not always enough. Due to this, having an additional umbrella insurance plan is a good idea. People here need to get an umbrella insurance plan for a few reasons.

Coverage for Significant Claims

A reason that you should get an umbrella insurance plan here is so you can get the coverage you need for significant claims. Your home and auto policies are going to have some liability coverage. However, the protection is limited to what your policy amount is. With a major claim that has a lot of damages, your liability could exceed the coverage. With an umbrella insurance plan, you are going to get additional coverage that will protect against larger claims. 

Coverage for Wider Range of Risks

You should also consider getting an umbrella insurance plan as it will give coverage for a wider range of risks. Most actual liability risks incurred by the typical person are covered by home or auto plans. However, there is always a risk that you could be named in a liability claim that is not covered. In these cases, umbrella insurance will provide support for otherwise uncovered situations. 

As you are looking to get proper liability insurance protection, getting an umbrella insurance plan is helpful. As you are looking for a new policy around Lakewood, CO, it would be wise to call Colling Insurance Services Inc. When picking a plan, there are a lot of choices that need to be made and Colling Insurance Services Inc. can help you assess your needs and build a proper umbrella insurance plan.