Many people are speculating about the changes to the world that may be brought about by the recent spread of the Covid 19 virus. At this point, much of it is only speculation. Many forecast a future consisting of greater precautions during flu season, a possible Covid 19 season each year, more people working from home, and the increased ability to handle pandemics. Colling Insurance Services Inc. serves people in the community of Lakewood, CO with quality life insurance services, and we want to reassure you that although this pandemic seems to be bringing about changes across the globe, many things will remain the same and reliable such as human kindness, mathematical probability, and of course, insurance services. 

Possible Effects On Life Insurance By The Pandemic

• The current pandemic will not affect your current policy in the least. Your benefits will remain the same as they were when you purchased the policy. 
• When it comes time to renew, you may have new questions concerning travel and exposure, and you may find that pandemic coverage will be a special section or even add on depending on the underwriter and how the next few months proceed globally. 
• If you need to renew or purchase life insurance at the moment, more companies are allowing noncontact insurance purchasing options to keep everyone safe. This will likely continue after the pandemic as most businesses have online options to begin with. 

No matter what the future brings, or the little and bigs ways the world may be different after all this is over, at Colling Insurance Services Inc. We are here for our clients, as we have always been. Contact us to purchase your life insurance policy so your family will be protected in a worst-case scenario. We serve Lakewood, CO and the surrounding counties. 

Like most places in the United States, Lakewood, CO has an aging population. Slightly over 5% of Americans over the age of 65 are in longterm care facilities, by age 95 it is almost 50%. Beyond that, 50% of those 65 years old today will need some longterm care. Most will need care for under two years but more than 10% will need more than 5 years.  Given these statistics and the cost of longterm care in Colorado being in excess of $100,000 per year, longterm is something that should be on most people’s minds. Colling Insurance Services, Inc. is here to help you with this important financial decision. 

Long-term care insurance covers many of the expenses that are not covered by health insurance or medicare. It can provide help when you have a chronic health condition, are disabled or have diseases like dementia or Alzheimer’s. It can help with ADLs (activities of daily living) such as bathing, dressing and taking medication. This help can be provided in your home, in assisted living or in a nursing home. It can even help with adult daycare. 

Unlike life insurance which should be purchased as young as possible, longterm care insurance is normally purchased between the mid-50s and the mid-60s. What you don’t want to do is to wait too long. Once you have developed a serious condition it is too late,  you will not be eligible to purchase it. 

When purchasing longterm care insurance can be a tricky decision, you have to buy it when you are still healthy and often serious illness gives a little warning. At Colling Insurance Services Inc. in Lakewood, CO our team is here to offer you the advice you need to make an informed decision. Stop by the office or give us a call to make an appointment. 

No law in the state of Colorado requires an employer to provide health insurance for the employees of the business; however, most employers do provide this insurance coverage.

However, under Colorado law, most people, with some exceptions, are required to have health insurance if they live in the state of Colorado as a resident. This means if they do not have health insurance from their employer, they must get their own coverage unless they are exempt.

The exemptions in Colorado are:

• Short-Term Visitors: Anyone in the state for less than three months is not required to have health insurance.
• Low Income: People below the limit required for filing federal taxes and those who would have to pay more than 8% of their income for health insurance do not have to buy it. They get Medicaid coverage for free instead.
• Other Exemptions: People who are not legally in the United States, those who are incarcerated, members of federally-recognized tribes, certain religious members, and those with hardships who apply for an exemption.

Health Insurance Consultation

For business owners who desire to provide health insurance for their employees and for those who are looking on their own for health insurance coverage for themselves and their families, consult with an agent at Colling Insurance Services Inc. serving Lakewood, CO, and the surrounding area.

Your agent will help you explore the options and bring some clarity to the variety of health insurance program choices for you to consider. The agents keep up with all the constant, ongoing changes, so you do not have to be concerned that you are making a bad decision when you work with an expert in health insurance.

To get help with all of your health insurance needs, contact your agent at Colling Insurance Services Inc. in Lakewood, CO for a health insurance review and to get a quote.

If you or a family member isn’t getting dental insurance through an employer you have to go to the marketplace to find a policy. If you already have a health insurance policy, will that interfere with your purchase of dental insurance? Do you have to purchase dental with regular health insurance, or can you purchase a dental plan by itself?

If you live in Lakewood, CO and need dental insurance, you actually have a choice as to how you decide to purchase it. At Colling Insurance Services Inc., we can help you find a plan that works with what you already have, or we can help you find a whole new plan. 

If your health plan includes dental, you will pay one premium to get all the services offered by your comprehensive plan. If you choose a stand-alone policy, you will have two different premiums. You can even choose dental coverage at a completely different company than the one one that services your health insurance.

Dental insurance is an essential benefit for children, but not adults, so health insurance plans must offer coverage to minors either as part of a comprehensive plan or as a stand-alone plan. Sadly, dental insurance isn’t considered essential for adults.

When choosing your plan, you will probably have to choose a higher premium with lower copayments and deductibles or a lower premium with higher copayments and deductibles. Think about whether you want to pay less every month and then pay more for services.

If you live in Lakewood, CO, you have choices when it comes to dental insurance. Call Colling Insurance Services Inc. today so we can help you explore your options.

If you own “grownup” toys like snowmobiles, ATVs, watercraft vehicles and others, you’d do well to consider toy insurance to protect your valuable investment. Toy insurance from Colling Insurance Services Inc. in Lakewood, CO can protect your pricey toy from theft, accidental damage or total loss in a serious accident or disaster. What kind of protection can you obtain for your recreational toy?

Liability: If you cause an accident that hurts other drivers or damages other people’s vehicles while riding your recreational toy, liability insurance can help pay for damages. Liability will also protect you if the injured party sues for damages.

Collision: Collision coverage covers repairs to your toy if you crash into the side of a mountain, hit a tree or collide with another vehicle during your joy rides. With toys, there’s always the risk of accidents. Better to be safe with adequate coverage than being found lacking and have to pay for costly repairs out-of-pocket.

Comprehensive: Comprehensive insurance compensates you if your toy is stolen, vandalized or damaged by fire or inclement weather. It also covers damage to your ATV if you accidentally strike an animal.  

Uninsured/underinsured Motorist: If a situation arises where your ATV is hit by another driver who has insufficient or no insurance coverage, uninsured/underinsured motorist insurance will help for your damages.

Although ATV insurance isn’t mandatory in Colorado, consider what you stand to lose without it. Recreational toys like ATVs pose a high risk of accidents. Lack of coverage puts you at risk of financial loss whether you’re responsible for or the victim of a serious accident. Protecting your toys with toy insurance keeps you and your toys safe from the worst of circumstances.

For customized toy insurance coverage at affordable costs, contact Colling Insurance Services Inc. in Lakewood, CO today.

Your hard work is evidenced through the possessions you have managed to accumulate over the years. One big investment that proves beneficial for you and the family is your RV. What would happen, though, if the motor home that you worked hard to acquire in Lakewood, CO was involved in an auto accident or completely destroyed by other means? These possibilities and more are why you need an RV indemnity plan offered by Colling Insurance Services Inc. 

What is RV insurance?

RV insurance is similar to traditional car insurance. The central difference between the two indemnity policies, however, is the type of assets they protect. Traditional car insurance is designed to protect owners who drive motor vehicles on the highways and in the city. RV insurance, on the other hand, is meant to protect motor homeowners who may cross state lines during family road trips.

Is RV insurance required?

Contrary to what some may believe, RV insurance is required if you drive your vessel in Lakewood, CO. The state of Colorado requires all drivers to show proof of liability insurance that includes at least $25,000 worth of coverage for bodily injury per person, or $50,000 per accident, along with $15,000 for property damage. You may consider purchasing more than the minimum if you operate an RV. 

How much RV insurance do you need?

The amount of RV insurance you need heavily depends on your lifestyle. Those who do not drive their vessels often may find less coverage more ideal. Meanwhile, families who travel several times throughout the year may need more RV coverage. 

It is best to contact an agent at Colling Insurance Services Inc. if you have questions about RV insurance. Call today to get started with a quote! 

Boat ownership is often considered when it comes to family outings and certain tourism locations.  Prospective buyers might want more information about boat insurance and the planning that goes into the process.  Having an experienced team at an agency is important and Colling Insurance Services, Inc. is proud to be there to answer your questions about boat insurance.  Serving the Lakewood, CO area, the agency offers numerous other types of insurance and our friendly staff is available to walk you through some options.

Colling Insurance Services, Inc. has an experienced staff that is available to discuss your new boat purchase for insurance planning purposes.  Other considerations could include the following:

• Storage and winterizing may be a few considerations with boat ownership.
• Options for storage areas have been improving and many new places are now available at the site location or near the more common boating areas.
• Insurance planning can be helpful with the process of determining the size and options of a boat that may be best for you.
• The trailer size is something you will want to know for storage rentals.  It can be helpful to have an experienced insurance agency available to discuss some of these options with boat ownership, storage, and insurance.

Lakewood, CO is a wonderful place to own a boat and enjoy the tourism areas available to people who want to be out on the water.  Colling Insurance Services, Inc. offers insurance for owners and is experienced going through the process with those purchasing a new boat.  You can call us once you decide on the make and model of your new boat or correspond with us when reviewing your options.  Contact our staff with any questions or visit our office to discuss your new amazing purchase.

To ensure that you will be able to withstand any type of accident that you are responsible for, having liability insurance is very important. Most people in the Lakewood, CO area will have some level of liability coverage through their home and auto policies. However, there are situations when someone should also get an additional umbrella insurance policy, which will give additional liability coverage.

You Want More Coverage

One situation in which someone in the Lakewood, CO area may want to have umbrella insurance coverage is if they want additional liability coverage. While you can get a good amount of coverage through your home and auto policies, it may not be enough to cover you for all accidents. If you are concerned about being involved in an accident that could cause even more damage, you should get umbrella insurance as it will give you additional coverage on top of the base policy.

Other Liability Risks

Getting umbrella insurance is also a good idea if you are at risk for liability claims that fall outside of home and auto insurance. If you work in a profession or have a hobby that comes with some liability risk, getting the umbrella insurance policy will be helpful. This type of insurance will give you coverage for situations that may not be covered by your home and auto policies.

If you believe that getting more liability protection through an umbrella insurance policy is right for you and your situation, you should contact the insurance professionals at Colling Insurance Services Inc. When you reach out to the insurance professionals at Colling Insurance Services Inc. you will learn more about how this type of liability coverage can protect you. They can then help you figure out how much coverage you need to make sure that you have an appropriate level of coverage for your situation. 

The main advantage of a life insurance policy is, of course, its death benefit. This feature protects our families in the event that a breadwinner or caretaker dies unexpectedly leaving a family behind. But did you know that there are also life insurance policy types that provide living benefits as well? If you are looking for a way to meet major financial obligations than it’s time to take a look at whole life, universal, and variable life. Term life is a good option for families and individuals looking to cover their estate and funeral costs and is the appropriate choice in many situations. The team at Colling Insurance Services Inc. wants the greater Lakewood, CO community to know about all of the different types of life insurance in order to help them determine which is the right fit for their needs.

Different Types of Life Insurance

• Term – this is the most basic type of life insurance and offers a death benefit equal to the policy level typically over a term of up to 30 years. There are no additional benefits.
• Whole life – offers a death benefit as well as a cash value that can be accessed during life. Earns interest over the life of the policy at a rate established at the time of the policy purchase.
• Variable life – can increase at a rate determined by the insurance company, however, there is no guaranteed policy cash value.

Is it time for you to consider life insurance with more features than just a death benefit? The helpful agents at Colling Insurance Services Inc. are here to guide residents in the greater Lakewood, CO area in their quest to find the right policy for their needs. Call or stop by today!

If you plan on retiring in Lakewood, CO, you may be looking at your options already. Many people have heard of long term care insurance, but don’t know a lot about it. If you have questions, our agents at Colling Insurance Services Inc. can help.

Why Get Long Term Care Insurance? 

You may be hoping to leave some of your assets to loved ones or continue to use the money yourself. Long term care insurance provides a way to protect those assets. You can get care where you want without risking all of your own money. 

When Should I Purchase My Long Term Care Policy? 

As with other kinds of insurance, you can save money by getting a policy as early as possible. Your premiums will be less every month if you take advantage as soon as possible. 

Another important consideration is that about two out of five individuals who need long term care are working adults between the ages of 18 and 64. Long term care doesn’t just help older people; it can help in other situations when you end up needing long term care. Most people think they won’t need help until they are older, but due to illness or accidents, sometimes they need help earlier. 

It’s Never Too Early 

When you purchase your long term care insurance through Colling Insurance Services Inc., we will help you choose the best features to fit your needs and help you look for any eligible discounts. If you live around Lakewood, CO and are thinking about purchasing long term care insurance for yourself or a loved one, please feel free to call today.