Category Archives: Insurance

Is Umbrella Insurance Worth the Extra Cost?

Whether you are a homeowner or renter, having insurance is essential to protect your investment in property and valuable personal belongings. Umbrella insurance provides additional coverage when your standard policy’s limits are reached, offering protection for your assets in Lakewood, CO, in situations such as lawsuits. With assistance from our well-qualified and experienced agents at Colling Insurance Services Inc., we can help you determine if umbrella insurance is the right choice for your needs.

Reasons to Consider Umbrella Insurance

Homeowners typically carry homeowners insurance that covers their home and personal belongings. Renters of houses or condos may opt for renters’ insurance, which protects their personal belongings while the structure itself is covered by the owner’s or association’s insurance policy. Umbrella insurance acts as an extra layer of liability coverage that activates when your other insurance policies have reached their limits. This type of policy does not cover your personal property. Instead, it provides protection for unexpected events where you are held responsible, such as damage to someone else’s property or injuries to others.

When Umbrella Insurance May Not Be Necessary

Not everyone needs umbrella insurance. When you speak with an agent at Colling Insurance Services Inc., we will evaluate your situation, including your net worth, lifestyle, and current liability coverage, to help you decide if umbrella insurance is a worthwhile investment. For individuals with minimal assets and a low-risk lifestyle, umbrella insurance may not be necessary. However, if you have significant assets that could be at risk when your existing policy’s liability limits are exceeded, purchasing umbrella insurance is highly recommended.

Contact Us

If you live in the Lakewood, CO, community, contact our team to discuss any questions you may have about umbrella insurance and whether purchasing coverage is the right decision for you.

When Do I Need Additional Liabiity Coverge for My Boat?

Insuring your boat in Lakewood, CO is not required. However, most owners choose to purchase a policy, and many marinas require one if you plan to moor your boat there. Liability coverage is one of the most critical components of a boat insurance policy. Colling Insurance Services Inc. can help you determine whether your policy has sufficient limits to meet your needs and fully protect your investment.

What Standard Boat Insurance Policies Cover

Standard policies include liability provisions to cover costs if you cause a boating accident that results in injuries or property damage to a third party. Liability coverage also typically includes attorney’s fees and court costs. Most policies also offer uninsured/underinsured boater coverage, which can be invaluable if someone without insurance causes damage in an accident. This part of your policy is especially important because many boaters take advantage of the fact that boat insurance is not legally required.

When You Might Need Higher Liability Limits

Generally, the larger and more expensive your boat, the greater your need for additional liability insurance. However, other factors also play a role. High-performance boats with powerful engines can cause more significant damage, and the boat’s speed and intended use influence liability limits. For example, if you use your boat for commercial fishing or to take clients on fishing trips, you’ll need higher liability coverage. Similarly, if you frequently entertain large groups of people on board, consider increasing your liability limits. High-profile individuals also face a greater risk of being sued following a boating accident.

Consider an Umbrella Policy

While you can request a higher liability limit on your boat policy, getting an umbrella policy may be a better option. Umbrella policies provide additional coverage that kicks in after you’ve reached the liability limit on your boat insurance. Having an umbrella policy to cover your boat can make the difference between keeping and losing your investment.

Learn more about how you can protect your boat, its occupants, and visitors by contacting the staff at Colling Insurance Services Inc., serving Lakewood, CO. We’re here to help you find the right coverage for your needs.

Do You Need to Remove Someone from Your Life Insurance Policy?

Occasionally, the unthinkable happens. A trusted individual unforgivably betrays your trust. Perhaps they deceived you, stole from you, or did something that left a bitter taste in your mouth. Consequently, they’re no longer in your good graces, and you want them out of your life and your life insurance policy. It’s not enough to sever ties; you must take legal steps to ensure they don’t benefit from your demise. Otherwise, you might find yourself in a precarious situation, akin to a murder mystery game.

How to Remove Someone from Life Insurance

Firstly, removing an irrevocable beneficiary can be quite challenging. To do so, you need their written consent. However, if they’ve committed a crime, you might be able to get a court order to remove them. Otherwise, the process is straightforward. Contact your life insurance provider and request a change of beneficiary form. Fill it out, sign, date, and submit it. You might be able to do this online. Always confirm with your insurer that the change has been processed. You can then decide what to do with the share your former beneficiary would have received. Donating to a charity organization is a commendable option.

Colling Insurance Services Inc. – Your Trusted Insurance Agency in Lakewood, CO

If you reside in the Lakewood, CO, area and require life insurance, please contact us at Colling Insurance Services. We will connect you with a professional and friendly agent who is dedicated to helping you find the policy that best suits your unique needs.

Can Long Term Care Insurance Help Pay Home Health Aides?

Long-term care insurance is specifically designed to assist individuals who require long-term care. It can help cover the costs of care in various situations, but there are a few things you need to understand about the coverage.

Types of Long Term Care Options in Colorado

Long-term care insurance can help cover the costs of various types of care to ensure you or a loved one receives the appropriate care you’re comfortable with. Common situations covered include:

  • In-Home Care: Coverage can help pay for assistance with daily activities, in-home nursing care, housekeeping, and other tasks.
  • Residential Facilities: Long-term care insurance can also help cover the costs of stays in nursing homes.
  • Assisted Living Communities: Assisted living communities provide long-term care for residents who need help with daily living tasks but can manage many things on their own. Communities may provide laundry, housekeeping, and meal services, but residents have more freedom than in a nursing home. Many have their own apartments.

The type of care covered usually depends on the specific policy. Some policies have exclusions regarding what type of care they will cover or how much. Always speak with an agent at Colling Insurance Services Inc. to ensure you understand your coverage.

The Waiting Period for Long Term Care

It’s common for long term care insurance policies in Lakewood, CO to have a waiting period, also known as an elimination period. This is the period that must pass before the policy will cover the costs of care. Many people must pay out of pocket for expenses until it kicks in.

The coverage provided often depends on your specific policy, but agents at Colling Insurance Services Inc. can help you understand what’s covered. We can also help you find the right policy to meet your needs. Contact us today to learn more. We’re currently serving the Lakewood, CO area.

The Right Dental Solutions Offer One More Reason to Smile

Our smile is a powerful communicator and can significantly impact more than just our appearance. It’s often one of the first things people notice about us. That’s why many people strive for a radiant, white smile – first impressions can be pivotal. This desire for a beautiful smile is why many individuals and families in the Lakewood, CO area turn to the friendly and professional team at Colling Insurance Services Inc. for their dental insurance needs.

The Right Dental Insurance Solutions Can Brighten Your Smile

For many of us, our teeth and smile are often taken for granted. That is, until a problem affects our teeth or our confidence to smile. The good news is, in most cases, we can address any issues with our smile and teeth with quality dental care and a skilled dentist. The downside is that dental care can be costly. Fortunately, the right dental insurance can make a difference, giving us another reason to smile. This is why so many people and families in Lakewood, CO trust the team at Colling Insurance Services Inc. for all their dental insurance needs.

Dental Insurance for Lakewood, CO Area Residents

Do you live in or near the beautiful Lakewood, CO, area? Would you like to learn more about how Colling Insurance Services’ dental insurance solutions could benefit you and your smile? We can help. Contact us to find out more and schedule an appointment with our experienced and knowledgeable team today. Protect your smile with the dental insurance solutions you need from Colling Insurance Services Inc.

Going Into Business For Yourself? How to Choose Health Insurance

If you’re self-employed, securing health insurance is crucial. Selecting the appropriate health insurance policy is a significant decision. While insurance policies are available on the healthcare Marketplace, the experts at Colling Insurance Services Inc., servicing Lakewood, CO, can assist you in finding the perfect policy for your needs.

Numerous factors must be considered when selecting the right health insurance. Knowing what questions to ask and what to consider when choosing a policy is essential. Below, we’ve highlighted two key considerations.

Would You Prefer Higher Premiums or Higher Cost Sharing?

If you’re on a tight budget and prefer low premiums, you can often find a policy that fits your budget by opting for a higher cost-sharing option. This is a common choice for healthy individuals without families. If you’re a young entrepreneur with no concerns about incurring high medical costs in the near future, this may be the ideal insurance policy for you.

If you frequently have medical expenses or if you have a family, you may prioritize a policy that offers more comprehensive coverage and lower premiums. Your insurance agent can assist you in making this choice.

What is Your Income?

Your business’s annual income will also affect the cost of your health insurance policy. You’ll need to estimate your income. Your insurance agent can provide more information about how your income affects your health insurance costs.

Start Getting Help Today

Many people seek assistance in finding the right health insurance policy. The experts at Colling Insurance Services Inc., servicing Lakewood, CO, are here to help. Contact us today to get started with a health insurance policy that suits your needs.

The Basics of Umbrella Insurance: Is it Right for You?

Choosing the right insurance coverage becomes more straightforward with the right agent. If you’re contemplating umbrella insurance and you’re in the Lakewood, CO area, Colling Insurance Services Inc. is ready to assist. Our agents can provide you with quotes from various insurers and equip you with the necessary information to determine if an umbrella policy suits your needs.

What Does an Umbrella Policy Provide?

An umbrella policy is designed to extend coverage beyond the limits of your other policies. This includes coverage for your home and auto. In the event of a substantial claim, you may find that your policy’s limits are insufficient, potentially exposing you to increased risk. However, umbrella coverage steps where your other policy falls short provide additional protection.

Is Umbrella Coverage Necessary for Everyone?

Contrary to popular belief, umbrella coverage is not exclusive to high-asset individuals. Anyone can benefit from this additional layer of protection, regardless of the size of their personal assets. In the event of a significant claim, knowing that you have adequate insurance to protect you is comforting, as it can also impact your future.

With an umbrella policy, you can put aside worries about potential large insurance claims. Instead, you can concentrate on your loved ones and pursue your life’s passions.

Collaborate with an Agent for Peace of Mind

Contact us at Colling Insurance Services Inc. today if you’re in the Lakewood, CO area and interested in umbrella insurance. We’re eager to answer your questions and will collaborate with you to secure the best policy for your specific needs. Umbrella coverage is an excellent way to enhance your peace of mind.

In Storage or On the Water Boat Insurance can Make a Difference

Boating holds a unique allure for many. It could be the sense of liberation that comes with navigating the open waters or the tranquility induced by the deep blue sea and the rhythmic sound of waves. Regardless of the reason, boating is a passion for many, especially boat owners who invest significant time in maintaining their vessels. This dedication is one of the many reasons why boat owners in Lakewood, CO, and its surroundings trust Colling Insurance Services Inc. for their boating insurance needs.

Boat Insurance: A Safety Net On Land and Sea

A boat is a substantial investment that warrants protection. Fortunately, the right boat insurance ensures your boat’s safety on land or sea. While boating accidents do occur, many boat owners would be surprised to learn how frequently boats are damaged during transport, at the dock, or even while in storage. This is why consulting with a knowledgeable and professional agent to secure the right boat insurance is crucial. It helps prevent your prized possession from becoming a personal disaster.

Boat Insurance Solutions for Boat Owners in Lakewood, CO

If you are a boat owner in Lakewood, CO, or its vicinity and have questions or need protection for your vessel, we are here to assist. Contact us to learn more and schedule an appointment at Colling Insurance Services Inc. today for the coverage and protection your boat requires, whether in storage or on the water.

Extended Care Requires Longterm Care Solutions

It’s never pleasant to require a visit to the doctor or even an overnight stay at the hospital. However, when the problems that require medical care go beyond a typical visit or the occasional overnight stay, these issues can become more than just an unpleasant event or situation. Long-term care solutions are available because sometimes extended care also requires extended help. These are a few reasons why people and families from in and around the Lakewood, CO area rely on the professional and friendly team at Colling Insurance Services Inc. for long-term solutions for their long-term needs.

Long-Term Care Solutions for Long-Term Care Needs

Although nobody likes to think about it, the truth is that preparation can make a world of difference when it comes to injuries and illnesses of the most serious nature. From having a plan in place to the comfort of knowing you have coverage for the care you might need today and for the many tomorrows to come, there is no replacement for the benefits of preparation and having a solution for your long-term care needs. No, we never want to need those plans, but we will be happy to have them if we ever do. That’s why working with proven and professional agents, like the caring and knowledgeable team at Colling Insurance Services Inc., is important.

Get Long-Term Care Solutions in Lakewood, CO

If you live in or around the greater Lakewood, CO area and have questions about long-term care or need long-term health insurance solutions, we can help. Contact us to learn more and get the care, coverage, and protection you need for all your long-term care needs at Colling Insurance Services Inc. today.

Are Life Insurance Benefits Taxable?

Life insurance serves many purposes for many people. More than just a means to handle any debts or bills left behind, for many of us, it’s also a way to leave something behind for those we love and care about. These are a few reasons why people and families in and around the beautiful Lakewood, CO area rely on the friendly and professional team of agents at Colling Insurance Services Inc. for all their life insurance questions, needs, and concerns – like, are my life insurance benefits taxable?

Are My Life Insurance Benefits Taxable? Here’s What You Should Know

Many types of gifts are taxable, which can seem unfair. Now, imagine how it would feel to know that your last gift, your inheritance, and one of the last expressions of love you will make – comes with taxes. Here’s the good news: In most cases, your life insurance benefits aren’t taxable. Here’s the important news and what you need to know: To ensure your benefits aren’t taxable, you should talk to an experienced and reputable agent about all your life insurance questions, needs, and concerns.

Find Life Insurance Solutions in Lakewood, CO

If you live in or near the Lakewood, CO, area and have questions or would like to learn more about life insurance solutions, our knowledgeable and professional team of agents at Colling Insurance Services can help. From caring for those you love to taking care of end-of-life planning, our team can help with all your life insurance needs. Contact us to learn more and schedule an appointment today for the life insurance solutions you deserve at Colling Insurance Services Inc.