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How Much Life Insurance Do I Need?

Acquiring a Lakewood, CO life insurance policy is fundamental as it comes in handy when you have dependents, a business, or loans. However, determining how much insurance you need can be somewhat challenging, considering that life changes daily. 

Fortunately, there are many considerations you can make to determine the amount of life insurance you need. Some of these include:

Debts

Since a life insurance policy can be used to cover your outstanding debts (such as car loans, student loans, and mortgages), you should consider an insurance policy that includes enough coverage. 

For example, if you have a mortgage of say, $250,000 and a car loan of $4,000, you will need at least $254,000 in your policy.

Insuring others

You have very many important people in your life. It could be a spouse, children, or aging parents. How much do they need before they can support themselves financially? Figuring this enables you to determine how much life insurance you need. 

Income

Tax returns play a significant role in determining the amount of insurance you need. In this case, those who earn more need more coverage. Your Colling Insurance Services Inc. agent can assist you in managing your life insurance calculations. 

Savings

Taking a closer look at your current savings will be a bit easier to figure out the amount of insurance needed. In connection to this, if you have significant savings or investments that can cover your outstanding debts, burial and offer financial protection to your dependents, you will require less life insurance. 

The Bottom Line

A life insurance policy gives you peace of mind knowing that you and your beloved family are protected regardless of what happens. Consider the above factors when estimating your insurance need, and if you have questions, don’t hesitate to contact Colling Insurance Services Inc. of Lakewood, CO. 

3 Facts You Should Know About Health Insurance

While you might faithfully be exercising, getting adequate sleep, and taking healthy meals, diseases can still wreak havoc on our health. And if it’s not a disease, injuries can strike, leading to hospitalization. Because you can’t prevent illnesses and injuries 100 percent, you need health insurance to protect you when the unthinkable happens.

When you get health insurance from Colling Insurance Services Inc. of Lakewood CO, your medical costs are taken care of. You also prevent future illnesses by accessing preventive and routine healthcare, like vaccinations and periodic checkups. Now that you know the importance of health insurance, here are three facts you need to know before going ahead to purchase one.

Your doctor may not be covered

Various health insurance plans have varying health providers’ panel lists. As such, if you would like a specific doctor, check whether they are covered under the health insurance plan you have your eyes on. HMOs are the most limiting, restricting you to doctors within their network. PPOs give you the liberty to go outside their network, but at a higher fee.

Not all medications are covered

Just like doctors, not all treatment procedures and medications are covered in your health insurance plan. Most dental procedures aren’t covered by insurance. That said, you might want to buy a dental insurance cover for optimal dental care coverage. 

Alternative treatment procedures like acupuncture and chiropractic care may also not be covered by some health insurance plans. Be sure to check with your agent before you get a surprise after the procedure.

The lowest premium plan may not be the most affordable

With health insurance, there is a lot that determines the ultimate cost. Variables like deductibles, co-payments, and co-insurance payments can quickly add up, eating up any savings made in the monthly premium payments. 

Are you looking for health insurance coverage in Lakewood, CO? Please contact Colling Insurance Services Inc. today for all your health insurance solutions.  

Is Dental Insurance Really Worth It?

Everyone needs a great smile. But catering for dental emergencies and annual cleanings or preventative care can get costly for out-of-pocket payers. The Colling Insurance Services Incorporation (CIS Inc.) provides a perfect solution for such Lakewood CO residents by offering them vital dental insurance policies. Having such a cover would be beneficial to you, but if you had the cover’s benefits, would you know which plan is ideal for you, or what’s in its fine print?

What Would a Typical CIS Inc. Dental Plan Cover? 

The typical dental insurance policy covers often cater to a part of the preventative oral care you’ll need. The policies also cover tooth extraction, oral surgery, root canals, crowns, and fillings. The covers might also take care of prosthodontics, including bridges and dentures, which ensure that your teeth are well-aligned. You may also get a cover that takes care of the supportive structures, which hold your teeth in place (Periodontics and Orthodontics). 

What Structure of Coverage Can You Get?

Many plans don’t cover all procedures to the same level. For instance, preventive care may get 100% coverage, whereas; major dental procedures may get 50% coverage. Still, some dental covers may fail to cover dental procedures such as teeth whitening, sealants, and cosmetic procedures. You may also make some co-payments to get some procedures done. You should also note that most covers have a cap or limit of the dollar amount they can cover in a year. As such, read the fine print well to know what you’ll get or won’t get from a Colling Insurance Services Inc. cover.

Why Do You Need a Dental Cover?

Dental covers from Colling Insurance Services Inc. are vital because they give Lakewood, CO residents access to emergency dental care and affordable dental care. Your monthly premium levels will often depend on the type of dental coverage plan you get, your location, and the insurance company that covers you. 

For more information about dental insurance in Lakewood, CO, reach out to us.

Workers Comp Insurance Can Protect Your Employees

If you’re operating a company and have employees, you may need workers comp insurance. That’s coverage designed to make sure your employees are protected if they’re injured at work. Depending on the kind of workers you have and the type of employment contract they fall under, it’s possible that this kind of coverage won’t be required. That’s why it’s a good idea to reach out to Colling Insurance Services Inc. if you’re in the Lakewood, CO area. Our knowledgeable agents are able to carefully consider your business needs and make sure you’re getting the right type of policy for the work your employees are involved in.

Worker’s comp can also protect you from injury if you’re a part of your business. A lot of owners, especially when they have small businesses, work at their company alongside people they hire. It’s important to make sure you and your company are properly protected, and that your employees will be able to have the type of coverage they need in order to get compensation for any work-related injuries they sustain. They don’t have to work in a dangerous profession to be at risk of harm, and even office workers can have work-based injuries that might need medical care.

Reach out to us today at Colling Insurance Services Inc. if you’re in the Lakewood, CO area and need workers comp insurance. Our trained professionals know what questions to ask in order to make sure you’re getting the right policy to cover your employees and fit your needs. Then you can have peace of mind, and be comfortable with following the employment rules for your business, too. It’s important that you focus on the protection of your company and the people who work there, so your business can thrive for years to come.

Do Lakewood businesses need commercial insurance?

If you are in the Lakewood, CO area and want to start a small business, you may find that there is a lot of opportunities to be successful. Those that choose to start a company here do need to spend time finding ways to protect their organization. A great way that any business can do this is by getting a commercial insurance policy. There are a few reasons why business owners here need to have commercial coverage at all times.

Insurance Required by Lenders

For a business that wants to grow and develop, taking out a loan is often necessary. When you do take out a business loan, it will offer you the ability to purchase inventory, hire new staff or invest in the company any other way that you want. However, commercial lenders almost always require that their customers maintain commercial insurance until the loan is repaid in full as it offers valuable protection for the bank. 

Insurance Protects Viability of Company

You will also want to get a commercial insurance plan as it can help to protect the financial viability of the business. With commercial insurance coverage, you will have protection for your company assets and against the risk of liability. This can prove to be extremely valuable and will support your business during some difficult times. 

When you would like to get a commercial insurance plan in the Lakewood, CO area, it would be a good idea for you to call Colling Insurance Services Inc. There are a lot of important decisions that need to be made when you are shopping for commercial insurance and Colling Insurance Services Inc. can make it easier for you. The team is able to help you assess your needs and build a policy that gives your business proper protection. 

What Types of Vehicles Does Toy Insurance Cover?

If you’re in the Lakewood, CO area you probably know that there are some great places to explore and have fun in nature. But to do that, you might want to do more than just hiking or biking. Instead, you might want to buy an ATV or quad, a side-by-side vehicle like a Talon or RZR, or some other type of off-road conveyance you can use on trails and in wide-open spaces. Buying and using something like that can be exciting, but make sure you take a few minutes to protect your investment, too. With toy insurance from Colling Insurance Services Inc., you can get peace of mind for all your off-road adventures.

This kind of insurance policy is specifically for "toys" that aren’t for children, like dirt bikes, ATVs, and more. These kinds of toys can be great fun, but there’s also some risk to them. Whether you’re an experienced rider or you’re new to these kinds of adventures, it’s always a good idea to make sure the fun comes with safety and security in mind, too. You don’t want anything to happen to your new ride, and protecting it with the right kind of insurance policy can make you feel much safer, so you can go out and have fun.

Reach out to us today at Colling Insurance Services Inc. We can help you find the toy insurance policy you’re looking for, and answer your questions about the coverage you need. If you’re in the Lakewood, CO area, we’re close by and ready to help. You don’t have to settle for a basic policy or not be sure what you’re getting. With us, you can have answers to your questions and a quality policy that gives you the right coverage for the adventures you want to have.

RV Insurance Can Protect You on the Road

There are a lot of great ways to enjoy the country, and one of them is through traveling in an RV. But you want to make sure you’re properly protected on all your adventures. If you’re in the Lakewood, CO area and need RV insurance, Colling Insurance Services Inc. can help. We understand that you want to protect yourself and your assets, along with having good peace of mind so you can enjoy your travels, wherever they take you. Whether you’ve owned an RV for a long time or are just thinking about buying one and need information, we’re here to help.

A lot of people only use their RV for short periods of time. But it’s still important to make sure it’s protected all year round. You might decide to take a vacation on the spur of the moment, or you may want to make sure your RV is protected from damage when it’s sitting parked in your yard or a storage location. No matter how often you use it, it’s an investment that deserves to be cared for and protected properly. That way it’s ready when you want to enjoy it, and it’s always covered so you can head out on an adventure anytime.

Reach out to us today at Colling Insurance Services Inc. and let us help you find an RV insurance policy that’s right for your needs and lifestyle. If you’re in the Lakewood, CO area, we can work with you on a policy you’re happy with, and one that will give you the right type and level of coverage and protection. Then you can enjoy your travels, spend time with family and friends, and take that vacation without worrying about whether you’re covered. Our agents are ready to help.

What are the benefits of boat insurance in Colorado?

The Lakewood, CO area can be a fun place to live for anyone that enjoys spending time in the outdoors. While this can mean skiing and snowboarding in the winter, during the summer months it means enjoying all of the local lakes and waterways. When you are going to live here, getting your own boat can be a great investment. Along with the purchase of a boat, you also need to get boat insurance as it will offer you a range of coverage benefits.

Insurance Gives Liability Protection

A key advantage of having a boat insurance policy when you are in Colorado is that it will offer you liability protection. Anyone that has a boat will run the chance of causing an accident, even if they are very careful and diligent. Those that do cause accidents will need to cover the damages that they cause. If you have insurance, you will get the coverage needed to mitigate this risk.

Insurance Protects Boat

Buying a boat is always a major purchase and investment. If you do buy a boat, you will want to know that it is protected as well as possible. A great way that you can protect it is with insurance. With a boat insurance plan, you will get the coverage needed to repair or replace it following an accident or if it is stolen. 

When you are shopping for a boat or a new boat insurance policy in the Lakewood, CO area, it would be a good idea for you to call Colling Insurance Services Inc. The team with Colling Insurance Services Inc. understands how important having this proper coverage is. They can help you assess your situation and needs and pick a policy that will offer the right protection. 

Who needs to get umbrella insurance in Lakewood?

In the Lakewood, CO area, the typical person is going to need to have many different forms of coverage. One type of protection that you should consider getting is umbrella insurance, which is additional liability coverage. There are several situations when someone will need to get an umbrella insurance plan in this area. 

Those with Unique Insurance Risks

A common situation when having an umbrella insurance plan is a good idea is when you have unique insurance risks. The majority of people will receive coverage through their auto and home coverage plans. While this covers many risks, there are situations when someone may be at risk of other liability claims that are less likely. If you have unique liability risks, having an umbrella insurance plan is a good idea as it will provide you with the blanket liability protection that you need.

Those that Want More Coverage

If you already have a home or auto coverage plan, you likely have some liability insurance. While this may provide you with some coverage if you cause damages in an accident, there are always risks that the actual damages could exceed the policy limit. To mitigate this risk, you should consider getting an umbrella insurance plan as it can give you protection on top of your base policy.

Anyone that is in the Lakewood, CO area and is thinking about getting an umbrella insurance plan should call Colling Insurance Services Inc. The team with Colling Insurance Services Inc. is experienced when it comes to helping others choose an insurance plan. They will be able to help you assess your needs to determine if umbrella coverage is right for you. If it is, they can help you build a plan that provides you with peace of mind. 

Three reasons why you should purchase long-term care insurance

It’s important to carry long-term care insurance. At Colling Insurance Services Inc., we offer long-term care insurance in Lakewood, CO.

The following are three reasons why you should purchase long-term care insurance.

Aging adults are likely to need long-term care at some point.

It’s important to realize how prevalent the need for long-term care is. As adults get older, they become increasingly more likely to require long-term care to get by on a daily basis.

According to some estimates, half of all individuals over 65 will develop a disability and be in need of long-term care before the end of their lives. Even if long-term care is only necessary temporarily, it’s still important to have this health care need covered by insurance. 

A standard health insurance policy is not likely to cover all long-term care needs. 

Don’t assume that your health insurance policy or the health insurance policy of a loved one included long-term care coverage. In fact, the majority of health insurance policies out there don’t provide coverage for long-term care.

To have the expenses of long-term care covered by insurance, it’s important to invest in a long-term care insurance policy. 

Long-term care is very costly out of pocket. 

If you or a loved one ends up needing long-term care, the resulting costs can be financially devastating. It’s important to realize how much long-term care costs will be if you find yourself in the situation of having to pay out of pocket. Aging individuals need to be insured for this type of health care cost to avoid financial problems in the future. 

If you’re looking for the right long-term care insurance policy, get in touch with us at Colling Insurance Services Inc. We offer long-term care insurance in Lakewood, CO.