Is It Necessary to Review Your Home Insurance Policy Annually?
If you are like most people you do not have a clue as to the details of your home insurance coverage. In fact, most people do not take the time to familiarize themselves with the details of any of their insurance policy coverages. Typically, consumers wait until calamity strikes before they search for the policy. In other words, people wait until they need the coverage.
It is a great idea to review your insurance policy each time a renovation is in the works or a new pet or family member joins your household. Any major life event should include a review of your policy to make certain that the ramification of the item do not involve additional liability. Staying covered FULLY in any event is the best policy.
A review is simply that – a review. It is important to have the initial view or reading as soon as possible. In the excitement of purchasing a home, it is easy to be preoccupied with the myriad of things that are going on all at once. Take the time to carefully read the policy so that you have an idea of what your protection is. You may want to add or subtract some items but should consult with Centennial State Insurance Agency in Bailey, CO first.
Don’t Stay in The Dark About What Coverage You Currently Have or Will Need
We are excited to help you with your questions regarding your home insurance policy. Please come in today to find our more about what your insurance options are. Centennial State Insurance Agency is located at 12 Rosalee Road, Bailey, CO 80421. If you prefer to contact us via telephone, our friendly and knowledgeable agents and staffers can be reached at 303-838-0554.
Driving a car is a responsibility and necessity for many people. If you drive a vehicle in the state of Colorado, it is crucial that you understand what your insurance requirements are. Most people have a variety of different requirements that they need to take into consideration when they are choosing a new auto insurance policy.
Similar to other states, the state of Colorado will require that you carry minimum liability insurance at all times. To drive legally in the state of Colorado, you will need to carry $15,000 worth of property damage coverage at all times. You will also need to have bodily injury coverage of at least $50,000 per incident and $25,000 per person.
While the state of Colorado will only require that you carry the minimum level of liability insurance, there are still other types of insurance that you may be required to have. If you happen to have a loan or a lease on your vehicle, the finance company will undoubtedly require that you carry collision and comprehensive insurance as well. This type of insurance will provide you with far more types of insurance coverage including if your vehicle is stolen, damaged in a storm, or involved in an accident with an uninsured driver. Even if it is not required by your loan, it is often a good idea to have this type of insurance.
When you are looking for a new auto insurance policy in the Bailey, CO area, you should speak with the team at Centennial State Insurance Agency. The Centennial State Insurance Agency will be able to help you figure out what type of coverage is right for your situation. We will then get you into a policy that provides you with reliable protection. Contact our offices in Bailey, CO for a quote.
When you have a business, you know you need to protect it and your investment in it. But what is the best way to do that? One of the ways is to choose a commercial insurance policy because these policies reduce financial risk and liability if there is a claim made against the business you own. That claim could come from you, employees, customers, vendors, or someone else, but protection against claims matters. Fortunately, Centennial State Insurance Agency can help protect your Bailey, CO area business with the right commercial insurance policy, including one that is more comprehensive than you have now.
If you do not have a commercial policy, it may be time to get one. If you already have one, you may need to upgrade it to something that is more comprehensive in order to ensure that your business has the level of protection it really needs. There are several reasons you would want to have a more comprehensive policy, and these can include an expansion of your business, a high-risk type of business, and other factors that would make it more likely that a claim would be filed in, by, or against your company. By getting a more comprehensive policy, you will be covered more directly and have a higher level of peace of mind, as well.
Reach out to us at Centennial State Insurance Agency today, and get your Bailey, CO area business protected with the right level of commercial insurance. You might want to upgrade the policy you currently have, or you may want a new policy for a new business you are starting up. No matter where you are in the lifecycle of your company, having a more comprehensive policy can help protect you and your interests.
Home insurance is a necessity that many people neglect to learn about fully. There are hundreds of different coverage types, kinds of policies, and needs that are part of creating a home insurance policy. Though many home policies are similar, they are also different, and needs may differ from state to state. For those in the Bailey, CO area, the agents with Centennial State Insurance Agency can help you find the policy that works best for your home.
Home policies, though they all cover the same basic things like fire and theft, they also include different things based entirely on where the home is located. A home in Colorado, for instance, is going to need more coverage for something like snow or ice than a home in Arizona would since there are no snowstorms typically in Arizona. It is vital that when you create your home policy, you take not only your actual home and its value into consideration, but also the special circumstances that are particular to where you live.
Another thing to keep in mind is that when you are taking out a home policy, you may also need to add specialty policies based on where you live as well. If you live in an area where flooding is a regular occurrence, you may need flood insurance as well. If you live where a hurricane is likely to happen, you may need a hurricane policy as well. While the basic home policy does not change from state to state, the particular needs of the policyholder may vary. For those that live in the Bailey, CO area, the agents with Centennial State Insurance Agency may be helpful regarding creating your perfect policy dependent on where you live and what your home needs.
While it is technically possible to drive your car without insurance for years, it is never a wise decision. We, at Centennial State Insurance Agency, have helped residents of Bailey, CO, and the surrounding area avoid this danger by providing them with fair and high-quality insurance. If you or someone you love is somehow driving without insurance, they are likely putting themselves at risk for nothing.
Penalties Will Vary
Driving in any state without insurance is a major mistake because you will experience some pretty stiff penalties. The exact penalty will vary depending on where you live. You can expect to get at least two tickets (one for the lack of insurance and one for the reason you were pulled over) and you may even lose your license or vehicle registration.
In this situation, you’ll not be able to drive and nobody else will be able to drive your vehicle as well. While you can obviously get both of these items back after your suspension is over, it will be a major challenge to get through your day-to-day life without them.
And if you cause an accident or injure somebody, you are going to be sued and may lose some of your assets, such as a car or even a house. Beyond that, you’ll have to get an SR-22, which is a paper saying that you can get insurance. Qualifying for one of these is a difficult and strenuous process.
Your Insurance Rises
Even worse, insurance companies will usually have no choice but to increase your premiums as a result. Therefore, it is critical for you or anyone else who lives in Bailey, CO or the surrounding area to just buckle down and buy auto insurance. It just isn’t worth the risk you take every time you get behind the wheel.
Contact the offices of Centennial State Insurance Agency for more information and a quote.
If you own a contracting business or conduct services at homes and businesses in Bailey, CO, you need commercial liability insurance to protect your business in case of work-related damages. What would happen if one of your contractors damaged a client’s property or if a customer slipped on a wet floor in your restaurant? In today’s litigious society, people are likely to sue first and ask questions later. If you carry commercial liability insurance, you’re covered and can concentrate on running your business. Ask Centennial State Insurance Agency what coverage might work best for your business. In the meantime, here is some information to get you started.
What is Commercial Liability Insurance?
Liability insurance, also called commercial liability or business insurance, protects your business assets and covers costs that come up if someone is hurt in your business. It also covers injuries and damages caused by employees while they’re on the job. Purchasing liability insurance is typically required if you have outstanding loans or mortgages associated with your business. However, even if you don’t, there are many reasons to get it anyway.
What Does it Cover?
Commercial liability insurance pays for your legal defense plus any settlement against you in a lawsuit (up to the insured amount). The policy pays for compensatory damages, punitive damages, and other costs. If you own a transportation, construction, or retail business, commercial liability protects your assets for these and other unexpected losses, as written in your policy. Finally, if you work in real estate, medicine or other high-visibility industries, you may need protection against claims of libel, misleading advertising, or copyright infringement.
Call 303-838-0554 today to ask your agent at Centennial State Insurance Agency how commercial liability insurance can protect your business assets. Feel free to make an appointment for a quote on your business-related insurance needs.
Shopping for home insurance anywhere in the United States can be a significant challenge if you have a dog. The task may be even harder if your dog breed is considered dangerous by the insurance providers. At least 65% of US households have a dog as a pet according to a survey that was conducted by the American Products Association in various cities and states including Bailey, CO.
This statistic means that American households keep at least 78 million dogs as pets. Although this figure may seem impressive, it is also alarming since these dogs injure a lot of people every year. This is what has made some home insurance providers turn a wary eye towards your “best friend.”
Which Dog Breeds Are Considered Dangerous?
While most insurance providers, such as Centennial State insurance Agency, don’t have an official list of the various dog breeds that they classify as dangerous, a significant number of these insurers have an unofficial list that is usually termed as a vicious/aggressive dog breed list. You should expect to pay a high rate of premiums if your dog breed is on this list.
These lists usually include most of the breeds that are renowned for having a bite history. This implies that statistically, these dogs have a greater chance of causing harm to other people, so the chances of you filing a claim are high.
In fact, a significant number of home insurance providers in Bailey, CO will not even write insurance for homeowners with these dogs while those that will offer you a home insurance policy will exclude animal liability. This means that if you own this type of a dog and it bites someone, the insurance company will not cover the damage.
Which Dog Breeds Are Considered Vicious?
It is always good to know the dog breeds that are mostly discriminated against so that you can take precautionary measures early. The breeds most often discriminated include:
- German Shepherds
- Pitbull and Staffordshire terriers
- Chow Chow
- Wolf Hybrids
- Great Danes
Are you a homeowner in Bailey, CO? Contact Centennial State Insurance Agency today for your homeowners’ insurance policy.
Having automobile insurance not only protects from financial losses as a result of accidents, but it also offers coverage for a variety of other potential issues. One of the most common problems associated with automobiles is a cracked or damaged windshield. Having the right type of insurance allows you to repair or replace the glass either completely or for a reduced amount.
Windshield Repairs And Replacements
If there is damage to the windshield, it may be repairable. If there is a small hole or a chip in the windshield, most insurance companies will pay to have it repaired if the policy owner has comprehensive coverage. If the automobile owner had liability only, they would not be covered. If the damage to the windshield is larger than a dollar bill, it will have to be replaced rather than repaired.
Having comprehensive coverage protects automobile owners from a variety of issues such as theft, storm damage, and even damaged windshields. It is required for vehicles that are financed and should be kept for any vehicle that is under ten years old or has a higher value. Selecting the right amount of coverage is the key to protecting the vehicle. Consult a reputable insurance agency to find out what type of coverage works for your needs. Centennial State Insurance Agency serves the residents in and around the Bailey, CO area. They can help you get the coverage you need.
Don’t leave your vehicle unprotected from damage and other serious threats. Learn more about comprehensive coverage for residents in and around the Bailey, CO area by contacting Centennial State Insurance Agency. Call or stop by today to get the answers to your questions and to get a quote.
Many business owners, or potential business owners, are not clear on whether or not their commercial insurance covers them against liability if a visitor to the business is injured. Knowing what your insurance covers is the best way to protect yourself against costly gaps in coverage.
If A Visitor Is Injured, Am I Covered?
In most cases, your commercial insurance will cover injuries that a visitor sustains on your property or location of your business. Ask your insurance provider to explain how much coverage your policy offers, and whether or not you may need additional coverage such as umbrella insurance. Commercial Insurance includes liability, but make sure you are aware of the limits of coverage before agreeing to make a purchase. Each business has its own special needs, and that needs to be a point to consider when shopping for a policy.
Get A Professional Opinion
If you want to get the right amount of coverage, you should work with a professional insurance provider that can sit down with you one on one to discuss your coverage options. They can help point out potential pitfalls and benefits of available coverage. This will help you get the coverage you need to secure the future of your business. Business owners in and around the Bailey, CO area can rely on Centennial State Insurance Agency to give them the information they need to make an informed decision.
Business owners located in and around Bailey, CO know they can count on Centennial State Insurance Agency to provide them with insurance products that fit their needs. If you are shopping for commercial insurance, call or stop by to speak with a knowledgeable insurance representative today.
Buying a home is an exciting time and a huge investment. For some, the first home they choose is the place they raise their children and possibly spend the rest of their lives. However, you don’t have to purchase a brand new home or one that doesn’t require any work. There are benefits to purchasing a home that requires a bit of work, and Centennial State Insurance Agency, serving Bailey, CO and the surrounding area, is here to help.
Less Initial Expense
If you’re trying to purchase a home with a limited budget – either with a small down payment or a low budget per month for a mortgage, or both – purchasing a fixer-upper allows you to take out a smaller loan and have lower monthly payments. If the price of the home is lower, you’ll be able to put down a smaller down payment.
Make It What You Want
When you purchase a home that doesn’t need any repairs or fixing, you pretty much get the home as is. Typically, you’ll only change the color of the walls and flooring and won’t do very much to change the home. However, when you have a fixer-upper, you’ll be more likely to want to spend money to change it, and you’ll be able to change it to what you want. The possibilities are endless.
Typically, when you choose a homeowner’s insurance policy, the amount that’s covered is based on numerous factors, including what it would cost to rebuild your home as is. The rate you get for an insurance policy for a fix-upper is reflected in your premium.
Contact Centennial State Insurance Agency, serving Bailey, CO and the surrounding area, by calling 303-838-0554 after you purchase your fixer-upper to receive a quote for a policy.