What You should know about personal injury protection (PIP) insurance

Known as No-Fault Insurance, Personal Injury Protection Insurance (PIP) helps cover certain expenses after a car crash. We at Front Range Insurance Services want our Littleton, CO clients to understand it and how it changes for Colorado residents.

What Does PIP Cover?

Personal Injury Protection coverage helps pay medical bills, compensates for work loss, helps with funeral costs, essential services, and replaces income for surviving dependents after a car accident. For some states, it is voluntary; for others, it is mandatory. Some states have no-fault conditions that apply.

What Doesn’t PIP Cover?

Personal Injury Protection insurance will not cover the other driver’s medical bills, property damage, accident injuries where you were paid to drive the vehicle, or injuries that happened while you committed a crime.

Current Role of PIP in Colorado

Up until 2003, Colorado was classified as a no-fault insurance state and could receive benefits from their insurance if they suffered an accident with injuries. Today, there is a shift to a tort-based system, which means that the victims are now required to get benefits from the driver at fault.

PIP insurance is no longer required in Colorado as it once was. While this means a decrease in some policy charges, it also means more paperwork should you be making a claim.

Med Pay in Colorado is close to what PIP insurance was and will help victims with limited expenses no matter who is at fault. Med Pay is Colorado’s answer to PIP.

Colorado Minimum Requirements

  • $25,000 per person/ $50,000 per accident bodily injury
  • $15,000 property damage liability
  • $5,000 MEDPAY (medical payment) coverage

Front Range Insurance Services are here for you if you have other questions on insurance services in the Littleton, CO area. Give us a call or come by the office today!

Minimizing Risks, Maximizing Fun With Recreation Insurance

Recreation, especially outdoor recreation, entails risks even if you play it safe. Here’s how to manage liability risks outdoors and still have fun.

No one wants to think about things like liability when they’re having fun in the great outdoors of Colorado. But trips can be dangerous and fun, and those dangers can bite the unwary. Front Range Insurance Services, serving Littleton, CO, can help you get the most out of your vacation while avoiding pitfalls.

Remember to be aware of your surroundings.

This is always one of the most important ways to take care of your responsibilities in the great outdoors and indoors. Awareness is good liability sense and ensures that your vacation won’t be interrupted by a dangerous and frightening trip to the hospital.

Safe tenting and vehicle parking is a must.

A parked vehicle in an unstable place can lead to dangerous situations and a talk with your insurance agent in a place that might have spotty cell reception. You want to avoid that. Park motorcycles and cars on hard-packed, level ground. In wild country, please choose an area to park with minimal brush, especially when it’s dry out, as it is so often.

Carry documentation of your insurance.

If you have recreation insurance covering your trip, ensure you have documentation of it in a safe, easy-to-find, waterproof pouch so that you always have it on hand. Don’t assume that you’ll be able to find it when you need it in an emergency – adrenaline has a way of blanking memory when it’s the least convenient.

Talk to Front Range Insurance Services in Littleton, CO today about affordable recreation insurance for your next trip.

Don’t Let Your Boat Remain Unprotected – Purchase Boat Insurance

Do you enjoy boating in the summer? Do you live in or around the Littleton, CO area? Front Range Insurance Services can provide the boat insurance you need to ensure your fun continues all summer.

Boat insurance can provide coverage for the unexpected. It can include coverage for damage to your boat and its equipment, in addition to injuries to others and damage to their property or other boats.

Boat insurance will cover most crafts with sails or engines, but not all boat insurance will cover boating toys, such as Jet Skis.

Similar to car insurance, boat insurance can be customized to fit your needs and budget restrictions. The boat’s type, size, value, and age can determine the best coverage for you.

Even in states where boat insurance is not required, it is a good idea to have it. Why? Financial security. If an incident occurs, you will be responsible for the deductible. Insurance covers the remainder. Without insurance coverage, you will be responsible for paying out of pocket for the full cost of the repairs to your boat or someone else’s, any legal costs, or other individuals’ medical expenses.

Most boat insurance policies will cover the following:

  • Bodily injury to you or someone else
  • Property damage to your boat resulting from vandalism or theft
  • Property damage by your boat to another boat if you are at fault

While your boat is stored during the winter months, it is a good idea to keep it insured. It is protected in the event of a fire, theft, or other damage that can occur. Make sure your investment is protected year-round.

The insurance professionals at Front Range Insurance Services can provide a no-obligation quote or answer any questions you may have. Contact our office today.

Why Do I Need Motorcycle Insurance?

Motorcycle insurance is like any other insurance that protects you against loss after an unfortunate event. Unfortunately, many people don’t understand the need for motorcycle insurance until an accident occurs — and the results are dire. If you are a bike rider, it’s essential to know that motorcycle insurance is something you are not only required to carry but is beneficial to you. We want to shed some light on why you need motorcycle insurance at Front Range Insurance Services.

Compliance with the law

The Colorado law requires you to carry at least a minimum of liability coverage before you ride on your motorbike. Failure to have motorcycle insurance means you risk hefty penalties, including fines or license suspension. Mandatory requirement is probably the obvious reason why most people have motorcycle insurance.

Protects you from liabilities

Riding a bike is fun but has its fair share of risks. No matter how careful you may be, accidents are likely to happen, especially if you ride often. The damage and injuries to a third party may be dire and attract thousands of dollars. That’s why you need motorcycle insurance to handle these expenses.

Property damage

Your bike is an investment that does not come cheap. In the case of an accident, repairs may cost thousands of dollars, which may take time to fix if you don’t have finances. However, motorcycle insurance gets your bike repaired quickly.

Covers your injuries

With the right coverage, your medical insurance covers your hospital expenses regardless of who is at fault. Medical expenses can pile up so quickly and could cost you a pretty significant amount.

Motorcycle insurance in Littleton, CO

There are so many reasons why you need motorcycle insurance. Even for your peace of mind is enough reason to purchase one. Are you looking for motorcycle insurance in the Littleton, CO, area? Contact Front Range Insurance Services for a quote.

Important life insurance information for Littleton families

Littleton, CO families have a great insurance resource in Front Range Insurance Services. Our team is dedicated to helping our community with its insurance needs. If you have questions about life insurance, we are here to answer them. Give us a call or swing by our office today.

Life insurance information for area families

If you have a young family, life insurance is essential to have. There are many benefits to carrying a policy to protect your family. Some of the main benefits that people cite when discussing how life insurance helped them are:

  • Fewer disruptions to their children’s lives – if a parent dies unexpectedly, a family is thrown into upheaval. The stress and confusion can be lessened when the family has the financial security that life insurance can provide.
  • Being able to stay in the family home – when a parent dies, especially if they were the sole or primary earner, financial hardship can become a reality. Life insurance can help children maintain some stability during a tough time in their lives. 
  • The ability to help with significant life expenses like college tuition or a down payment for a first home – with a whole life policy, there are living benefits that can benefit families throughout their lives. The cash value accumulated with a life policy can help with major expenses. 

We are here to help!

Front Range Insurance Services is the insurance agency that families in the Littleton, CO area can rely on. Life insurance is an effective tool that can help protect your family. If you’d like to learn more, call our office or stop by today and meet with one of our team members

We look forward to seeing you soon!

What kinds of businesses need commercial insurance?

Having commercial insurance is always a good idea for any business. There is always the possibility of accidents, lawsuits, theft, damaged goods or products, and other losses based on the specific line of work and industry. A commercial insurance policy is sometimes the only way for a business to receive the kind of financial protection it needs to handle these problems and continue operations. Here are a few types of businesses that can benefit from a policy provided by Front Range Insurance Services in the Littleton, CO area.  

Businesses that have vehicles and drivers

Companies with workers who drive cars or trucks should have commercial insurance. Motor vehicle accidents are a common problem, and this is why general liability insurance is always required for drivers. If the company deals with shipping large orders in semi trucks or other large vehicles, these accidents can be especially devastating. 

Any business that has a property or retail space

Businesses are generally liable for any accidents or injuries in the spaces they own and operate. This includes warehouses where workers can sustain injuries or retail spaces where customers can potentially get hurt. A commercial insurance policy can help pay for the person’s injuries if a lawsuit arises. 

Professional services

Professionals, from lawyers to accountants to doctors, are all exposed to liability. This can be due to mistakes, malpractice, or other types of harm sustained by anyone who has used the services of the individual or firm. 

Getting started with a commercial insurance policy

People in the Littleton, CO area who need more information about commercial insurance can contact Front Range Insurance Services through this website or by phone. Our agents are available to answer any additional questions and set up a policy that is right for any business.

5 Things You Need to Know Before Buying Home Insurance

Buying home insurance for the first time can be challenging. There are so many different factors to consider and options to choose from. It’s essential to research and ensure you’re getting the best coverage for your needs. Here are five things you need to know before buying home insurance.

1. You Need to Choose the Right Amount of Coverage

One of the most important aspects of home insurance is choosing the right amount of coverage. You don’t want to underinsure your home, but you also don’t want to overspend on the coverage you don’t need. Work with your insurance agent to determine the right coverage for your needs.

2. It Protects Against a Variety of Perils

Home insurance protects against various perils, including fire, theft, vandalism, and weather damage. Choosing a policy that covers all of the perils you are concerned about is important. Otherwise, you could be left unprotected in the event of a claim.

3. The Cost Depends on a Variety of Factors

The cost of home insurance depends on various factors, including the value of your home, the amount of coverage you need, and the deductible you are willing to pay. You can get quotes from several insurers to find the best rate for your coverage.

4. It Requires Regular Maintenance

Home insurance is not a static product. To keep your coverage in force, you must maintain your policy and keep up with your payments. If you make any changes to your home, such as adding a new roof or renovating your kitchen, you will need to notify your insurer and update your policy.

5. It’s Not Required by Law

Although home insurance is not required by law, you may be required to have it if you have a mortgage on your home. If you do not have a mortgage, you are still strongly encouraged to purchase a policy. This is because home insurance provides financial protection in a disaster.

Home Insurance in Littleton, CO 

If you are considering buying home insurance, keep these five things in mind. By doing so, you can be sure that you are getting the coverage you need at a price you can afford. Contact Front Range Insurance Services today for more information or a quote. Our team of experts would be happy to help you find the perfect policy for your needs.

Required Auto Insurance in Colorado

In Colorado, it is required to have auto insurance unless you own more than 25 vehicles and wish to self-insure them. For everyone else, specific types of coverage are required for Colorado vehicles. If you need insurance for your vehicle, give us a call now at Front Range Insurance Services in Littleton, CO.

Liability Coverage

The required types of coverage in the state are all types of liability coverages. This pays for damages to property or people in an accident, when you are at fault. A specific amount is required by law for your bodily injury or death coverage for one person injured or killed in an accident. A second, higher amount of coverage is required for all injured parties in the accident. There is also an amount of property damage liability coverage that is required. This pays for the damage done to other vehicles, buildings, plants, etc., caused by your vehicle. 

The amount of these requirements are relatively low compared to many other states. However, these amounts are only the minimum required coverage. You can choose to raise the amount so that you are better protected, and this is generally recommended for those in Colorado. 

Other Coverage Types

While liability is all required by law, there are other types of coverage that you can get for auto insurance that will give you different types of protection. Liability doesn’t pay for damages to your own vehicle, and this can leave you in a financial mess after an accident. Getting collision and comprehensive coverage will pay for your own damages so that you can get the repairs or new car you need. 

Cover Your Vehicle

Having at least your required auto coverage is essential to stay legal. Call us at Front Range Insurance Services in Littleton, CO to find out more. 

Do I need to be a business owner to purchase umbrella insurance?

Our team at Front Range Insurance Services is committed to helping our Littleton, CO customers understand how various types of insurance work. This includes umbrella insurance. Many customers may not fully understand this type of insurance. Fortunately, umbrella insurance is available to non-business owners and business owners and can provide an extra layer of coverage. 

What is Umbrella Insurance?

Umbrella insurance is backup or extra insurance that provides coverage beyond your primary insurance. In short, it covers incidents that go beyond the scope of your primary insurance and incidents that aren’t covered by your primary insurance. This type of insurance also provides coverage for property damage, injuries, personal liability situations, and lawsuits. Coverage for umbrella insurance typically starts at one million dollars.

What’s Required to Obtain Umbrella Insurance?

You don’t have to be a business owner to qualify for umbrella insurance. However, you do have to carry liability insurance in general, employer, or commercial auto insurance. These types of coverage are required to qualify for umbrella insurance. In short, you must carry a minimum amount of auto/property liability insurance before you’re eligible for umbrella insurance. Carrying homeowners insurance can also qualify you for umbrella insurance. 

However, keep in mind that having all the qualifying coverage from your primary insurance policy or policies doesn’t automatically give you access to umbrella insurance. If an insurance company considers you a risk, they can deny you umbrella insurance. If you have questions about umbrella insurance, give us a call. Our Front Range Insurance Services team would be happy to answer all of your questions. We’re standing by.

When are you legally required to buy flood insurance?

When you buy a home in Littleton, CO that lies within a flood zone marked A or V, you legally must purchase flood insurance. The Federal Emergency Management Agency (FEMA) maps flood risk throughout the US and identifies properties as falling within one of 18 flood zones.

You don’t have to study a map to determine which zone your property lies within. Your home purchase documents identify the property as a flood risk if it sits in zone A or V.

Your bank will typically require you to purchase a flood insurance policy before moving into your new home. Although legally, once you pay off your mortgage, you could drop your flood coverage, Front Range Insurance Services encourages you not to do so.

Floods happen every day throughout the US. The average flood cost per homeowner is $43,000. That’s what it costs to repair the water damage, rebuild and replace furniture, clothes, and other home contents. If you don’t want to spend $43,000 to replace nearly everything you own, keeping the flood insurance after paying off your mortgage makes good sense.

As long as your bank or other lending institution holds Federal Deposit Insurance Corporation (FDIC) coverage, you must carry a flood insurance policy if your property falls within a high-risk flood zone, just as it will require homeowners’ insurance.

Contact Front Range Insurance Services in Littleton, CO, about getting flood insurance for your home or business. Ask us about contents only or structure only coverage if you rent your domicile or offer your home for rent. Let us help you get the coverage you need to meet the law’s requirements and protect your financial investment.