Is My Separate Workshop Covered in My Homeowner’s Policy?

If you are like many homeowners, you may have purchased a home insurance policy when you first moved into your house and not given it a moment of thought afterward! As the years progress, your home insurance needs may change, while many circumstances will remain the same. If you have a base home insurance policy it will include liability coverage, coverage for your belongings, and will include your dwelling structure as well as any outbuildings included on your property. The team at Front Range Insurance Services is proud to serve the greater Littleton CO area and provide the knowledge and assistance that can help you effectively manage your insurance portfolio. 

All Structures on Your Property Are Covered With a Comprehensive Home Insurance Policy

There are many homeowners that have a detached garage, workshop, or shed that are separate from their main dwelling structure. It is typical for your base home insurance policy to cover all structures located on your property, excluding a few certain uses. If you are unsure if your workshop is covered by your base policy, it is always a good idea to have your home policy reviewed for completeness and to ensure that your coverage levels are adequate. As long as you are not using your workshop for a prohibited purpose, the structure will be included in your home insurance coverage. Knowing that you have adequate protection and coverage of your home and your belongings is a great way to set your mind at ease and concentrate on your family!

Are you ready for a comprehensive home insurance review? Contact us at Front Range Insurance Services to schedule a consultation today. We are proud to serve the insurance needs of our friends and neighbors in the greater Littleton, CO area!

Three common types of commercial insurance.

Considering the different unique features of businesses, commercial insurance differs considerably from one business to another. Getting a basic commercial insurance policy is definitely a great idea. Nevertheless, having a few specialized add-ons on your coverage may be of great help.

The basic commercial insurance policies include property and liability insurance since these are the standard and crucial coverage for most businesses. There are various categories of commercial insurance policies and as a business person, understanding these three common types of commercial insurance can help safeguard your business.

1. Business owner’s policy

A business owner’s policy provides various types of commercial insurance and is believed to be very affordable. The cost of purchase for this coverage plan is usually lower than buying the coverage separately. Deciding whether the BOP is the right option for your business, however, depends on the nature of your business since professional liability insurance, workers compensation and auto insurance are not encompassed in a distinctive BOP policy.

2. Business property insurance

This insurance cover protects your business property from any damages. It is suitable for services and retail businesses. They are commonly intended to guard structures and office inventory or documents.

Since not all policies will properly cover all your property, purchasing additional property coverage is very important to cater for any unexpected risks. Add-ons such as builder’s risk insurance, machinery insurance, and crime insurance which commonly not included in a basic policy are to be considered for any business or corporation.

3. General liability insurance

In general, with a business emanates a lot of liabilities. All businesses however big or small they require some form of general liability. General liability covers a range of indemnities to third parties or their property. Getting enough liability coverage will be of great help to you and your business. In addition, purchasing add-ons than what the general liability policy offers including errors and omission coverage, commercial auto insurance, malpractice insurance, and cyber liability will help cover many more costs.

At Littleton, CO, Front Range Insurance Services, we offer commercial insurance services for all kinds of business. Our experienced and dedicated team is always ready to assist you. Visit us today for a swift process and insurance advice.

How Often Should You Take A Defensive Driving Course

In Littleton, CO, the agents of Front Range Insurance Services take pride in providing a comprehensive list of motor vehicle insurance to their customers. They often recommend taking a defensive driving course to new clients or to individuals who have been with them for a while. Taking a defensive driving course every few years offers many benefits and may also qualify you for a discount on your insurance premiums. 

Sharpen Your Driving Skills

Defensive driving courses, even those that are taken online, can sharpen your driving skills. The lessons are designed to reinforce what you already know and remind you of tips and techniques you may have otherwise forgotten. The course will also expose you to new information that is being included in updated classes.

Reinforces Your Knowledge of Traffic Laws

Taking a defensive driving course that is designed for your state will help you stay abreast of any new changes to old traffic laws. This can include speed limit increases, parking requirements, etc.  Knowing and understanding the traffic laws in your state are essential if you plan on being a safe driver. Taking a defensive driving course every two to four years will help you stay up to date on any laws that may have changed.

If you live in the Littleton, CO area and have questions about how a defensive driving course can benefit you, call the agents at Front Range Insurance Services. You can schedule an appointment with an agent and discuss your options. They can help you find a defensive driving course for Colorado that will reinforce what you already know and provide you with new information you may need.

Differences Between Whole Life and Term Life Insurance

If you’re the primary breadwinner for your Littleton, CO area family, chances are you worry about what could happen to them when you pass away. A life insurance policy offers a financial safety net for your family to fall back on during those tough times. Front Range Insurance Services can help you choose between a whole life and term life insurance policy.

What Whole Life Insurance Offers

Whole life insurance provides lifelong coverage in case the unthinkable happens. Since the policy remains in effect throughout your entire life, this ensures that your named beneficiaries will receive their benefits no matter when you pass on. In addition to paying out upon death, a whole life insurance policy also accumulates cash value that can be borrowed against or withdrawn throughout the life of the policy. Whole life insurance plans typically carry a higher initial cost, but those costs will decrease the longer your policy is in force.

What Term Life Insurance Offers

While a typical whole life insurance policy covers you for your entire life, a term life insurance policy only covers you for a specific period of time. You can choose how long the coverage lasts, from a 1-year term to a 30-year term, in most cases. Term life insurance policies also lack the ability to accumulate cash value and only pay out death benefits if you pass away during the term. Term life insurance policies offer an affordable option for first-time life insurance buyers. When you’re ready to step up to a whole life policy, you can have your existing term life policy converted.

The agents at Front Range Insurance Services can help you choose the life insurance solution that best fits you and your family’s needs. We proudly offer our services throughout the Littleton, CO area, so contact us today to receive a quote.

What Does Renter’s Insurance Cover?

For those renting a home or an apartment there is really no law that requires you hold any sort of insurance policy to protect belongings. In the cases where individuals do not have any policy, they take the risk of having to deal with the consequences should something terrible happen to their rented home. There are ways to prevent this type of issue however with a simple renter’s policy. For those that live in the Littleton, CO area, the agents with Front Range Insurance Services can help.

Renter’s insurance first and foremost acts much like a homeowner’s policy would should there be something like a fire, a break in, or other destruction of personal belongings. When you enter into a lease agreement the land lord is not responsible for the cost of replacing your items should they become destroyed. It is always helpful to have a renter’s policy in place to protect your property.

A renter’s policy covers things like personal property up to a certain dollar amount, it may help cover the cost of a hotel room or temporary housing until you find a new place to live, it will help cover medical costs and more. These are all things that you should think about if you are renting as you will have to pay out of pocket if you do not have any coverage.

A renter’s policy is an easy and often inexpensive way to prevent total destruction of your personal property and the need to start over again if something were to happen. You can speak with an agent at Front Range Insurance Services if you live in the Littleton, CO area to find out more about what type of renter’s policy is right for you and your particular needs and situation.

How much condo insurance do you need in Colorado?

Condominium insurance is unique in that it requires more assurance than the average renter’s indemnity policy but not as much coverage as you would find in a standard single-family home plan. Front Range Insurance Services can help you find the policy that is best for your condo in Littleton, CO.

You need dwelling coverage

Even though you have certain benefits through the housing association, there are still areas where you are left to your own devices when tragedy strikes. You may find yourself at a financial loss if you do not obtain dwelling coverage that pays for interior repairs in the instance of a flood or fire. It is best to have a policy worth at least 25 percent of the home to ensure the bare minimum of financial stability.

Personal property insurance is necessary

As with renter’s insurance, personal property coverage for your condo pays for items lost or stolen inside of the residence. It is especially keen for you to invest in this sort of plan when you have valuables that total upwards of $10,000. Those with large electronics, such as computers and big screen televisions, may also find this sort of policy useful.

Liability coverage is essential

Negligence is often not intentional but, nevertheless, costly. Whereas the property owner is responsible for injuries sustained on the property when you rent, you as a condo owner are financially responsible if a family member or friend is hurt while visiting you in your home. It is best to obtain liability coverage that is no less than $100,000. Many condo owners in Littleton, CO have policy limits for upwards of $300,000.

Front Range Insurance Services can make sure that you have the right indemnity plan. Contact them today for a quote!

New Home Inspections Explained

If you’re buying your first new home in the Littleton, CO area, you may be curious about the home inspection to come.  The inspection time may be the longest time you’ve spent in your new home since the showing, and while it’s exciting, it’s also followed by anxiety.  This quick guide will help explain the home inspection process.

The Inspection Purpose

The home inspector is for your protection.  The inspection is to help make sure there is nothing hidden before you commit to buying the home.  The inspector will identify any reasonably discoverable issues with the house.  First, the inspector reviews the seller’s property disclosure statement, which is the list of things the seller is aware of and has shared.  Then the inspection happens.  It’s best if you are there for the inspection.  The inspector will look to identify any problems, suggest fixes, and give a rough estimate of repair costs.

What’s Inspected

Inspectors look for evidence of roof leaks, foundation damage, electrical problems, pest infestation, mold, and other possible problems.  They look for issues that can create safety issues and be costly to repair.  Keep in mind that an inspector’s examination will be what they can see with the naked eye.  They will dig around some but not extensively.  It’s also good to be aware of the things they don’t routinely inspect, such as swimming pools, wells, septic systems, or structural engineering.  Fireplaces and chimneys will receive a basic check to see that the dampers work and the chimney’s free of obstruction.

Front Range Insurance Services

Front Range Insurance Services provides insurance coverage in the Littleton, CO area.  They want to help make sure you’re an informed first time home buyer.  Contact a friendly Front Range agent today to discuss your new homeowner’s insurance needs.

What Type of Commercial Insurance Should You Have?

Your dreams of owning a business in Littleton, CO are not a reality. Imagine, though, one seemingly small incident morphing into a financial catastrophe and threatening everything that you have worked to attain. Such can happen when you take your chances without commercial insurance. Every business owner, regardless of whether they work from home or in a traditional office setting, should have some sort of insurance policy that secures their entrepreneurial efforts when the unexpected takes place.

Front Range Insurance Services can help you find the best indemnity policy for your situation. Meanwhile, consider these three types of commercial insurance that the masses believe every company should possess.

General Liability Coverage

Home-based and traditional businesses should invest in general liability coverage. This form of assurance pays for damages caused by both you and your workers, which include allegations of bodily injury or property damage to third parties. General liability coverage rates largely depend on the type of business you operate. Whereas those companies viewed as low-risk typically pay lower premiums, those businesses at higher risk of filing a claim are charged more for coverage.

Property insurance

You cannot depend on anyone else to value your business in the same manner that you cherish its significance. Such truth also remains for the equipment used to propel your company forward. Property insurance pays for everything from damaged inventory to ruined computers when fire or severe weather ravages the facility of your business. Such coverage may also pay for the days that you cannot operate your company, which proves especially helpful during the rebuilding stages when you are unable to service customers in Littleton, CO.

Business Owner’s Policy (BOP)

Many small business owners seek a BOP for convenience purposes. The average plan covers everything that the average company needs to thrive comfortably. Perhaps the best thing about the BOP option is its flexibility. You can choose which features you want (i.e., business income, property insurance, liability assurance) and what products you do not need.

The agents at Front Range Insurance Services are happy to assist you in finding the commercial insurance plan that works for your company. Call today for a quote!

Will Recreational Insurance Cover Your Mobile Home In Another State?

Camping in a motorhome is a fun and exciting activity for a broad range of Littleton, CO residents. However, it is essential to know if your recreational insurance will protect you when you travel to another state. That’s why we at Front Range Insurance Services are providing this brief, but detailed, look at this subject.

Policies Define Your “Insured” Area To Protect Your Rights

motorhome must be parked in an area defined as an insured area by the policy. In most cases, this area is anywhere that the motorhome is parked and used as a temporary home. Specific sites included a defined campsite, a parking site, a vacant property, or the radius of 25 feet around the camper when parked legally on a public or private property. Except for the last location, all other areas must be either owned or rented by you while you are camping there for your insurance to cover you.

Liability Coverage Should Kick In For You

As long as your motorhome is parked in an insured area, it doesn’t matter what state you are visiting. Your insurance policy will cover a broad variety of problems, including fire, lightning, explosions, attempted burglary, animal damage, wind damage, food spoilage, debris removal, and more. The extent of this coverage will vary depending on your policy. However, the moment your motorhome starts moving, your coverage will shift.

Limitations May Apply When In Transit

The interesting thing about a mobile home is that your recreational insurance policy will not cover any damages occurred while your vehicle is in transit. That’s because it has changed from a living unit into a personal vehicle. However, your vehicle insurance for the motorhome should help protect you from any damages or injuries. Make sure to check your policy to ensure that you are fully covered in these events.

Avoiding Complications With Your Coverage

Those who live in Littleton, CO who plan on traveling in a motorhome should contact us at Front Range Insurance Services to learn more about this type of coverage. We will work hard to make sure you get the policies that you need to stay safe.

Does Umbrella Insurance Expand My Auto Insurance?

You never know what life is going to throw your way. And even though you can plan as much as you want, there are many times in life that our plans go out the window. When the unexpected takes place, having the right type of insurance coverage can be the difference between being completely stressed and financially strapped and the ability to stay afloat. For now, let’s take a quick look at umbrella insurance. 

To understand umbrella insurance, let’s look at an example. Let’s say you were involved in an accident and it was concluded that the accident was your fault. Would the insurance policy that you have cover all of your losses and incurred expenses? With an umbrella insurance policy, you will receive additional coverage, but only once your existing limits are exhausted. 

Let’s say you have an auto policy with a liability limit of $500,000. You are involved in an accident, though, and the total cost to cover everything is $750,000. This means you will be left with $250,000 to come up with to pay for the damages and medical expenses. With an umbrella policy, you can receive the compensation you need once your auto policy has been exhausted. Please note that an umbrella coverage does not increase the amount your existing policies will pay out. Instead, it expands your coverage by providing you with another outlet for covering your expenses. This type of policy is very valuable.

If you would like more information about umbrella insurance and whether or not you should invest in it, please contact Front Range Insurance Services serving the Littleton, CO area.