Kyle has lived in Colorado for the last 30 years and he doesn’t plan on ever leaving. He believes that Colorado is the best state in the nation and has the best football team in the nation, GO BRONCOS!!! He is the proud parent of a 2 ½ year old son, Paxton, and has been married to the love of his life, Alison, since October 2013. Nothing makes him happier than playing with his son, being outside and camping, hiking 14ers, snowboarding, playing sports and just enjoying our wonderful outdoor living.
The combination of an exploding population, motorists not carrying sufficient coverages and hail have caused rates to increase. Did you know that your auto insurance is rated on your current limits of protection? Allow me to show you how to combat rising auto insurance rates in the state of Colorado.
Active wildfire seasons, relentless hail/wind storms and a hot real estate market translate to unstable property insurance rates. Many roofs carry an “actual cash value” clause and are claimed under a separate, typically higher wind/hail deductible. Don’t wait until there is a claim to understand your policy.
Umbrella policies pick up where your underlying property, auto and other underlying limits stop. Having an umbrella policy can protect you and your family’s current AND future assets. If you are liable for damages that exceed your current coverages, wages can be garnished and liens can be placed on your assets.
Regardless if you belong to a private lake/reservoir that requires you to carry a certain amount of boat liability, you should always max out your boat liability to the available limit which is usually $500,000. Furthermore, you should always set your uninsured boater limit to match that at $500,000. Insuring your boat’s trailer with the correct stated value is also a necessity on your boat policy. Then of course you have your available comprehensive and collision deductibles which can be set at your specific needs.
The Business Protection Team is our local, full-service commercial insurance department dedicated to protecting your business. We offer a full suite of AM Best “A” rated carriers and products. We are a true “one-stop shop” for all of your commercial insurance needs.