(800) 253-1482Colorado Insurance Articles
Colorado Homeowners: 80 20 Rule Home Insurance Explained
Overall, you’re going to need to have adequate coverage and account for the present and the future. Otherwise, you’ll find yourself in a very uncomfortable position should you suffer an expensive loss down the line.
Read MoreHow Much Does Colorado Landlord Insurance Cost?
Understanding Landlord Insurance Costs Typically, landlord insurance costs around 15% less than standard homeowners insurance. Annual costs generally range from $900 to $2,700, with an average of $2,039. The cost of rental property insurance often hinges on property type, location, and associated risks. For instance, Durango in Colorado faces higher fire risks, whereas Colorado Springs…
Read MoreDo auto insurance companies use new or after market parts?
Auto insurance companies can use either Original Equipment Manufacturer (OEM) parts or aftermarket parts when repairing a vehicle after an accident, depending on the circumstances, policy terms, and applicable laws in your jurisdiction. Original Equipment Manufacturer (OEM) Parts: These are parts made by the vehicle’s manufacturer or an authorized supplier. They match the parts that…
Read MoreHow does my mortgage escrow work and how does it pay my home insurance?
When you have a mortgage, your lender might require you to set up an escrow account to ensure that property taxes and homeowner’s insurance are paid on time. Here’s how the process typically works: Setting Up the Escrow Account: When you close on your home, your lender will often set up an escrow account for…
Read MoreThe Risks of Becoming a Landlord in Colorado
Entering the world of real estate investment by becoming a landlord is often considered a lucrative endeavor. While there’s potential for substantial financial returns, one must not overlook the array of risks associated with this venture. Understanding these risks is crucial for potential landlords who wish to make informed decisions and navigate the complexities of…
Read MoreEverything You Need To Know About Your Colorado Driving Record
In the Centennial State, the Colorado driving points system will track violations that will affect your ability to maintain a license. You can lose your license and you may even lose out on job opportunities depending on how your employer weighs such factors. Safe driving can help you maintain your MVR report and if you or someone else is in need of seeing where you stand, there are methods of receiving your record. Learn more about how to access your record through the Colorado DMV and how to maintain a positive driving record.
Read MoreDemystifying the Colorado Driving Points System
The Colorado driving point system doesn’t have to be complicated. Basically, the more infractions and negative actions you’re committing and caught for, the worse your record will be. This is why it’s always a great idea to drive safely when on the road. If you want to make sure you maintain a clean driving record, safe driving can help. Not only are you making the road a better place for everyone, but you’re less likely to get in an accident or receive a ticket in the process.
Read MoreDoes Your Insurance Cover a Dust Storm in Colorado?
While you’re more likely to find dust storms in Colorado popping up in the southwest portion of the state, that doesn’t mean the occasional threat doesn’t persist elsewhere. This includes the eastern portion of Colorado, which shares a border with Kansas.
Read MoreProtecting Your Home and Auto From Colorado Hail
In southeastern Colorado, particularly Pueblo, August experiences the worst hail month. Hailstones ranging from one to two inches in diameter, falling at speeds up to 80 miles per hour, are frequent in eastern Colorado during the summer but over limited areas. In northeastern Colorado, stones as large as 4.5 inches have been observed, causing significant damage, including penetrating roofs.
Read MoreHow To Determine Your Car Insurance Deductible in Colorado
Not all car insurance policies in Colorado come with deductibles. If you’re enrolled in liability coverage only, you won’t have a deductible to even consider. Yet, many other common policies will require you to cover a part of potential losses before receiving reimbursement. It’s important to understand which coverages require deductibles, how they affect your rates, and the effect they can have on your protection.
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