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. 

How Many Types of Insurance Can Be Covered Under An Umbrella Policy At One Time?

For years, business owners in Littleton, CO have learned the benefits of combining all of their insurance policies into a collective, umbrella policy that offers additional coverage over that of a regular policy. The agents of Front Range Insurance Services can help you evaluate your company’s needs and determine what type of policies you should have to fully protect your financial interests. They can also discuss with you the benefits of having an umbrella policy.

The Purpose of An Umbrella Policy

An umbrella policy is a term that is used to describe an insurance policy that provides additional coverage over and above what you may already have in place. Lawsuits, damages, and other types of liability may exhaust the level of coverage you have in place, but with an umbrella policy, the amount that exceeds past the original liability will be covered. 

The Benefits of One Policy Instead of Many

Rolling all of your insurance policies into one collective policy is sometimes referred to as bundling. When you bundle several policies together, many companies offer a discounted rate and higher levels of coverage. You can choose the types of coverage you want for your business and group them altogether resulting in a single, more affordable payment. If an umbrella policy is written, the amounts of your liability coverage will also be increased.

Lawsuits, personal injury claims, worker’s compensation, and other types of liability can be devastating for a business. In Littleton, CO, business owners are encouraged to call and schedule a review of their commercial policy to determine if an umbrella policy may offer a higher degree of protection. Visit their website or call the office today!

3 Tips for Purchasing Boat Insurance in Littleton, CO

If you own a boat, it is your responsibility to purchase the necessary insurance to protect your property. With boat insurance, you can feel confident that the investment you have made in your boat is protected, and that if you are ever in an accident with another boater, you’re covered. 

If you think that the process of purchasing boat insurance is too complicated, then you need to use the tips found here. 

Bundling

Are you currently using Front Range Insurance Services serving Littleton, CO for other insurance needs, such as your auto or homeowner’s policy? If so, then you should consider bundling your boat insurance with the coverage you already have. This will help you get discounts and other cost breaks that going with a new insurance provider wouldn’t offer. 

Comparing Quotes

Before making a purchase for your boat insurance, you need to compare quotes. The good news is, there are a number of online services and comparison tools that will do this automatically for you. All you have to do is enter some basic information about your boat and the levels of coverage you want. Always look at all the options and don’t automatically go with the lowest price. This may leave you with inadequate coverage.

Choosing a Good Agent

Perhaps the most important thing you can do when purchasing boat insurance in Littleton, CO is to find a quality agent to work with. They will be able to help guide your purchase decision and make sure you get the coverage you need. 

If you are ready to purchase boat insurance, reach out to the professionals at Front Range Insurance Services. They can review the needs you have and help you get the right coverage. Keep this in mind and you will have a successful insurance buying experience. 

 

3 Reasons Why You Need Umbrella Insurance

 Umbrella insurance offers an extra level of security for you and your family if property, legal or medical damages extend past what your auto or home polices are set to cover. It will kick in at a higher dollar amount and will also extend to situations that involve lawsuits, foreign travel and even your pets.  If you are still on the fence regarding whether or not you should purchase umbrella insurance from Front Range Insurance Services serving Littleton, CO, read on to learn more about these policies and the benefits they offer. 

Protect Your Assets

If you have guests at your home and someone is injured, you may be held liable for the medical costs they incur, as well as other damages. For some homeowners, this may require them to sell off their assets if their insurance coverage is not enough. With umbrella insurance coverage, you can protect your assets by minimizing the possibility of having to liquidate assets if an issue arises that is deemed your fault. 

Peace of Mind

One of the most appealing reasons to purchase umbrella insurance is because it will offer you peace of mind. You will know that you are protected regardless of what might happen in the future.  

Save You Money in the Long Run

There are quite a few insurers that will provide you with significant discounts on the cost of the additional coverage. This will usually apply to you if you are buying the umbrella policy with the same provider that you purchased your auto and homeowners insurance from. Also, if an issue were to arise, having umbrella coverage could save you thousands and thousands of dollars, or more, which makes it well worth the small premium you pay on a monthly basis. 

If you are interested in purchasing umbrella insurance, contact the staff at Front Range Insurance Services serving Littleton, CO to see what policies are available. 

 

Do young, healthy people need life insurance?

If you’re a Littleton, CO resident who is healthy and young, and you don’t work in a dangerous field, then you may be wondering whether it’s worth the effort to call Front Range Insurance Services and sign up for a life insurance policy. The truth is it has less to do with things like your health, and more to do with your dependents. Do you have a family that relies on you for support, and what would their options be if you weren’t there?

Many retirees cancel their policies or, if it’s an option, they cash out, because their children are working age and there’s nobody who needs to depend on them for their financial support. These are people who are in their golden years, but their life policies simply become an unnecessary expense at a certain point.

Holding a life insurance policy puts your mind at ease when it comes to the people who depend on you. It ensures that, in the event of your passing, your loved ones will be taken care of. Life insurance really has very little to do with health and age, despite popular perception. Nobody really knows how long they’re going to live, and at seventy five you might still have another twenty years in front of you, long enough to raise a child from infancy to adulthood.

If you’re single with no children dependent upon you, then there’s not much need for a life insurance policy. This is true if you’re twenty eight or sixty eight years old. If you have children or a spouse or anyone who relies on you for financial support, then a policy with Front Range Insurance Services can help you to sleep a little easier, certain that your affairs will be taken care of.