Monthly Archives: September 2026

How Umbrella Insurance Covers Settlements Against You

Umbrella insurance is a form of liability protection designed to provide financial support if another person or business files a claim against you. These policies typically apply when a claim exceeds the value of your existing general liability insurance, helping cover the additional cost of a settlement.

At Colling Insurance Services, Inc., we help our clients secure proper coverage for all of their risks. If you’re unsure whether you need umbrella insurance in Lakewood, CO, give us a call for a quote now.

How Settlements Happen

Umbrella insurance provides protection from various types of claims made against you, such as involvement in a car accident. If your general liability insurance isn’t enough to cover all the losses suffered by the other party, this policy provides an additional layer of protection.

The insurance company typically manages the entire process on your behalf. They handle the claim brought by the injured party, gather evidence, and negotiate a settlement. Once an agreement is reached, the insurance company generally pays the negotiated settlement to the other party. If a settlement can’t be reached, your insurer will provide legal representation on your behalf in court, and any compensation ultimately owed to the injured party is paid from there.

These policies do come with limits, meaning there’s an upper amount beyond which the policy won’t pay. That said, umbrella policies are typically written with very high limits, offering substantial protection for these kinds of difficult situations.

At Colling Insurance Services, Inc., we can help you choose coverage that gives you peace of mind in cases like these. If you need umbrella insurance in Lakewood, CO, reach out to us now for a consultation and a review of your policy.

Inland Marine Insurance Coverage for Tools and Equipment

Inland marine insurance is an important investment for protecting your assets. It covers many of your key tools and materials against a variety of losses, and it can apply to personal property under standard coverage or to commercial policies for businesses that rely on that equipment.

At Colling Insurance Services, Inc., we can help you choose the right type of coverage and the appropriate value for your assets. If you need boat insurance in Lakewood, CO, contact us for a consultation.

How Boat Insurance Applies in These Cases

Your inland marine coverage may extend to a variety of assets. Examples of what it can include are:

  • Your mobile gear: This may include tools you take with you to different locations, as well as small tools and machinery kept on your watercraft.
  • Transit and storage protection: Your policy can also help when tools and equipment are stored and suffer damage or are stolen, whether that’s in an off-site warehouse or on board your vessel.

Your policy outlines exactly what’s covered and how much protection you have, along with the specific perils it covers, such as vandalism, theft, and damage from certain weather events.

Choosing the right policy matters. You’ll want to make sure your coverage aligns with how you use your equipment and what type of equipment you have. Working closely with your insurance team makes a real difference in the outcome if you ever need to file a claim.

At Colling Insurance Services, Inc., we can help you choose boat insurance that fits your specific needs and goals. Turn to our team for boat insurance in Lakewood, CO, that matches the way you use your watercraft and the risks it faces.