Three misconceptions out there about long-term care insurance

Long-term care insurance is crucial if you want your finances and have confidence that you’ll get the healthcare you need down the road. At Colling Insurance Services Inc., we provide long-term care insurance in Lakewood, CO. 

Being accurately informed about long-term care insurance is important. Unfortunately, misconceptions about this type of coverage are common.

Consumers only very rarely end up needing long-term care insurance

Assuming that you’ll never need long-term care is a bad idea. Even if you are very healthy, you could experience an accident or an unexpected illness that leaves you in need of costly long-term care. 

My Medicare plan will cover long-term care.

Your Medicare plan may cover long-term care in certain situations. However, you cannot always rely on Medicare to cover long-term care costs. How much Medicare coverage you receive for long-term care costs depends on what type of injury/illness you experienced and what Medicare plan and supplements you have. 

Purchasing a separate long-term care insurance policy gives you more confidence that any long-term care costs you face will be covered. 

Only the elderly need long-term care insurance.

Long-term care is associated with the elderly. However, even young, healthy individuals can benefit from having long-term care insurance. Individuals at any age could experience a severe injury that leaves them handicapped and needing long-term care. 

If you want to learn more about long-term care insurance, we’re here for you. Consumers in Lakewood, CO can get a long-term care insurance policy quote from us at Colling Insurance Services Inc.

Understanding Life Insurance Payouts: Taxes, Timing, and Tips

Navigating life insurance payouts can be complex, but understanding the process is crucial. As a trusted insurance provider in Lakewood, CO, Colling Insurance Services, Inc. is here to clarify a few key aspects of life insurance payouts, including taxes, timing, and valuable tips.

It’s essential to consider the tax implications of life insurance payouts. Generally, death benefits paid to beneficiaries are tax-free. However, certain situations may involve taxes, such as when the payout is part of the policyholder’s estate. To understand the tax implications specific to your policy, consult with a tax professional or one of our knowledgeable agents at Colling Insurance Services, Inc.

The timing of life insurance payouts can vary based on factors like policy type and claim processing time. Beneficiaries often receive payouts within weeks or months after the insurance company gets the claim and necessary documentation. To ensure prompt payouts, policyholders should inform beneficiaries about policy details and provide clear instructions for filing a claim.

Navigating life insurance payouts becomes easier by keeping essential tips in mind. Periodically review your policy to ensure it aligns with your current needs and those of your beneficiaries. Update your beneficiary information as life circumstances change, and store policy documents in a safe, accessible place. Let your beneficiaries know where they can find these documents. If you have questions about your policy, consult with a trusted insurance agent like those at Colling Insurance Services, Inc.

Our team at Colling Insurance Services, Inc., serving Lakewood, CO, is committed to helping you understand life insurance payouts. Don’t hesitate to contact us for more information or assistance with your life insurance needs.

Why do I need dental insurance if my teeth are fine?

Residents living in Lakewood, CO might wonder, "Why do I need dental insurance if my teeth are fine?" The answer is simple: dental insurance can help you save money in the long run and provide preventative care that keeps your teeth and gums healthy. Colling Insurance Services Inc. explains why dental insurance can benefit everyone – even when their teeth are in fine shape. 

Preventative Care for Your Teeth and Gums 

Regular visits to the dentist are essential for maintaining good oral health. Dental insurance plans cover preventive services like cleanings, check-ups, x-rays, fluoride treatments, sealants, and more. Preventative care is essential for catching potential issues before they become more severe and expensive! 

Affordable Dental Treatment 

Dental procedures can be costly without insurance coverage. With dental insurance coverage, you’ll have coverage for some of the most common dental procedures, such as fillings, crowns, bridges, root canals, extractions, dentures, and others. You may not need any of these now, but you might in the future. It is tempting to put off dental problems without dental insurance because of the expense. Access to these affordable treatments can help keep your mouth healthy and help you save money in the long run. 

Dental care is integral to overall health but often gets overlooked until an issue needs addressing. Investing in dental insurance from Colling Insurance Services Inc. makes getting regular check-ups and preventive care easier so that your teeth stay healthy for years. Plus, it also gives you coverage for dental treatments should any issues arise. So don’t wait— if you are near Lakewood, CO, contact us to enroll in dental insurance today!

Can I still get health insurance if I smoke?

It’s no secret that smoking is bad for your health and can cause several serious diseases. But what about getting health insurance? Can you still get coverage in Lakewood, CO if you smoke? The answer is yes, but the premiums may be higher due to the increased risk associated with smoking. Colling Insurance Services Inc. breaks down what options are available. 

Health Insurance Providers and Smoking Habits 

Most health insurance providers consider an applicant’s smoking habits when calculating premiums. This means that, depending on the provider, smokers may pay anywhere from 10% to 50% more than nonsmokers in monthly premiums. Most providers also impose age restrictions on smokers—for example, some plans will not cover those over 50 who smoke.  

That being said, many options are still available to smokers looking for coverage. Depending on where you live and the type of plan you choose, you may be able to find a plan that does not increase your premium due to your smoking habits. The Affordable Care Act (ACA) also prohibits discrimination based on pre-existing conditions like smoking or other lifestyle choices such as alcohol or drug use, so it’s important to remember this when shopping for coverage. 

In addition to lower premiums, quitting smoking has many other benefits, such as improved breathing, cardiovascular function, and overall health. Quitting can also help reduce stress levels, improving mental clarity and focus. If you have been considering quitting smoking but haven’t taken the plunge yet, now is a great time! Most insurance companies will allow smokers who quit within the last year to apply for lower rates without any additional paperwork or proof of quitting required.                       

If you live in Lakewood, CO, and need help finding an affordable healthcare plan that meets your needs, contact Colling Insurance Services Inc today for more information about your options!

Why is Commercial Property Insurance Important?

Commercial property insurance is not a legal requirement in the Lakewood CO area, but many people will purchase it to protect their interests. In addition, your lender will usually require you to indemnify your building in the event that you carry a balance. 

Commercial property insurance is a type of coverage that you can get even if you do not own your building, as businesses who lease or work from home can also purchase a policy. 

Your insurance will usually cover the various buildings that exist on your property. This can include sheds or workshops or storage facilities. A great deal of investment goes into the resources you use to manufacture your goods, and these can be susceptible to damage that occurs from heavy winds that affect your buildings and cause water damage from rain. 

You may also encounter a fire due to electrical surges or other causes that can raze your building and all your inventory to the ground. When your income is affected in this way, your insurance can actually help to cover a temporary loss of revenue. Speak to your knowledgeable Colling Insurance Services Inc. representative for more details about this benefit .

Additionally, your structure is indemnified against common perils that could occur, and these will often include repairs that are needed due to storms or fire. Your equipment and tools can also be included in this coverage, and your furniture and fixtures should be a part of this as well. 

We Can Help You

Colling Insurance Services Inc. helps entrepreneurs and business owners obtain the insurance products and services they need. Reach out to us by phone, online, or in person to discuss your situation further, and we serve those doing business in and around the Lakewood CO area. 

What Does Workers’ Compensation Cover?

If you’re a business owner looking into your company’s various protections, you may wonder what workers’ compensation covers. We at Colling Insurance Services Inc. serve the Lakewood, CO area and are experts in this type of insurance. Call our office today with any of your questions or concerns at 303-987-3331.

What is Workers’ Compensation?

Workers’ compensation is employers’ insurance if their employees get hurt on the job. It can also provide workplace sickness benefits. Each state has different rules governing workers’ compensation coverage, and talking with a professional insurance agent can save you time and frustration in finding the right coverage for your business.

What does Workers’ Compensation Cover?

If there is a workplace-related illness or injury, your benefits for workers’ compensation insurance can help cover the following:

  • Lost Wages for the Employee
  • Funeral Costs
  • Ongoing Healthcare Costs
  • Medical Expenses
  • Repetitive Injuries
  • Illness or Sickness
  • Permanent or Temporary Disability

These benefits are only for things that happen on the company’s property and don’t cover the employee if they get injured or sick outside the workspace. Coverage may also not be extended should the worker be under the influence of drugs or alcohol at the time of injury. Another way the coverage may not be extended is if the employee injured themselves intentionally. Talk with a representative about everything that is and isn’t covered and how it will affect your business.

If you’re ready to look into your workers’ compensation options or other forms of insurance to protect your business, call our office, Colling Insurance Services Inc., today at 303-987-3331. We serve the Lakewood, CO area and are here for you.

Tips for taking your RV to a national park

If you’ve been thinking about taking your RV to explore a national park, either close to Lakewood, CO or on the other side of the country, there are a few essential tips from us at Colling Insurance Services Inc. you need to know before you get started. First and foremost, it’s essential to plan. Research the park in advance to figure out if there are any restrictions or special requirements for RVs. Some parks may have specific sizes limits, checkpoints at the gates, or fees for RV camping.

Once you’ve figured out the regulations for your chosen park, it’s time to pack for the trip. Ensure you have all the necessary supplies like food and cooking equipment, extra fuel, and plenty of water. If possible, bring some extra blankets and warm clothing in case temperatures drop during your stay in the park. It’s also wise to bring along basic repair tools in case anything goes wrong while on the road.

Finally, don’t forget to check over your RV before setting out on your journey! Inspect everything from the brakes and lights to tires and suspension – this will help ensure your trip goes as smoothly as possible. Also, remember to check all your connections before plugging into any electrical outlets at campgrounds or other sites to avoid potential power issues.
Taking an RV on a national park adventure can be an unforgettable experience. With some advanced planning and preparation, you can rest assured that your trip will run smoothly and safely – so get ready for outdoor fun! For more tips, call us at Colling Insurance Services Inc. today. We are proud to serve the Lakewood, CO area. 

What Does Toy Insurance Cover?

Toy insurance is a type of protection you secure for recreational vehicles such as golf carts, jet skis, four-wheelers, and more. Owners need protection from liability, accidents, and other covered events to provide them with financial security. Our team of experts at Colling Insurance Services Inc. is proud to provide policies for the residents of Lakewood, CO.

Toy Insurance Protection

Recreational vehicles are an investment that needs to be protected just like any other asset. It’s also worth noting that toy insurance also offers liability protection. Just like you would secure insurance for a car, you also need insurance for a vehicle or method of transportation. 

Suppose you want to learn how much toy insurance coverage is necessary for your situation. In that case, you can sit down with one of our knowledgeable insurance agents, who can provide an overview of your options. Our team is committed to providing exceptional customer service before, during, and after the policy purchase. We can assist you with submitting the necessary documentation if there are any changes or claims. In addition, we can also provide you with insurance protection for any other insurable assets you own.

Call Us Today 

We look forward to providing you with the insurance protection you trust. Individuals living in the Lakewood, CO, area can call or stop by the office of Colling Insurance Services Inc. to speak to one of our knowledgeable agents. We can help you find a policy that matches your needs,  so schedule a consultation to learn more about toy insurance and the items it covers. Don’t wait to get the protection you need to protect your assets. Get top-quality insurance coverage that’s reliable and gives you peace of mind.

Who would benefit from boat insurance?

Most people are familiar with the concept of health insurance, home insurance, and auto insurance. It’s true that those are the most well-known types of insurance, but there are many other types that cover other things such as ATVs, valuable collector’s items, and boats, among many others. We are here today to talk about boat insurance and who benefits most from having boat insurance.

What is boat insurance?

Before we talk about the types of people who benefit from boat insurance, we first need to talk about what boat insurance is. Boat insurance coverage varies between different insurance companies. There are a number of different types of boat insurance coverage. These include the following:

  • Physical damages and liability

  • Personal property

  • Emergency towing and assistance

  • Medical payments

  • Uninsured or underinsured boater coverage

Who would benefit from boat insurance?

A boat insurance policy would be a smart idea for you if you own a boat or yacht and you use it frequently. A wide variety of policies and coverage options are available when it comes to insurance policies. In order to determine what boat insurance plan will be suitable for you, you should carefully review the policies offered by your insurance company before deciding on one.

Contact Our Office

There are many different factors that play into deciding if boat insurance is right for you and what policy ideally suits your needs. Unlike other types of insurance, boat insurance is very different from other insurance companies. If you own a boat and wish to have it insured, give us a call or visit us at Colling Insurance Services Inc. in Lakewood, CO.

Umbrella Insurance Is Added Protection

Do you ever wonder if you have sufficient liability insurance in the event of a lawsuit? Colling Insurance Services Inc. can help you become financially secure with this coverage. All you need to do is contact our office in the Lakewood, CO area.

What is umbrella insurance?

Umbrella insurance coverage protects you against a financial disaster due to certain types of events that could lead to injury or property damage for which the policyholder is held liable.

Those who have worked diligently to build significant assets and wealth need this coverage. Why? If you are in a car accident in which you are held liable, will the limits of your liability coverage be enough to settle a lawsuit? With a $100,000 liability limit and a demand for a $1 million settlement, you would be short $900,000.

To settle this lawsuit, your home, any assets you have, or even your business could be at risk.

Simply put, umbrella insurance is excess liability coverage beyond the limits outlined in your homeowners, car, or watercraft insurance policies. It is for costly situations where medical expenses or repairs exceed the limits of these policies. Think of it as “asset” protection against a lawsuit.

Umbrella insurance also covers you for incidents such as slander or defamation lawsuits that other policies do not cover. Usually, all household members are also covered by the umbrella policy.

There is other coverage that is not found in standard homeowners or car insurance policies. For example, detention, false arrest, imprisonment, malicious prosecution, wrongful entry, and invasion of privacy are also covered.

So, contact the pros at Colling Insurance Services Inc. today if you want the added liability protection an umbrella insurance policy can provide. They will give you a no-obligation quote or answers to any questions you may have.