Will Home Insurance Cover An Uninsured Car?

Your everyday car, the one that you use to go to work, the one that you use for grocery trips, that one’s going to have its own car insurance policy. But what about the old clunker in the garage, the one that could be a thing of beauty when you get the time to repair it? You don’t exactly want to take out a whole car insurance policy for something that you’re not taking out on the road anytime soon, but what if something happens to it? Will your home insurance foot the bill?

The short answer: No. Unless you have a rider specifically covering that car.

Your home insurance can cover a car in storage, but only if you specifically arrange that with your insurer. In other words, you can’t just add it to your inventory along with jewelry and electronics, you have to actually call your Bailey, CO insurance agent and work something out.

You can get covered for a car that you store at home, but it’s not just another “possession,” so your insurance policy isn’t going to cover it by default.

If your car is being stored at a facility, the owners of that facility may have their own insurance in place for you, or a policy you can buy, and you don’t have to worry about it. But if you keep an old out-of-commission car at home, you’re going to want to make arrangements.

If you’re looking to get covered in Bailey, CO, get in touch with us at Centennial State Insurance Agency. You can call, go to the Centennial State Insurance Agency website, or stop by the offices, and we’ll see what we can do for you.

Mountain Insurance in Breckenridge, CO

Mountain Insurance in Breckenridge, CO

Breckenridge, CO, is home to the Breckenridge Ski Resort, Nordic Ski Center, Mohawk Lakes, and Epic Discovery. This town offers countless activities surrounded by nature to its residents and guests year-round. However, it is important that homeowners and business owners alike secure proper wildfire insurance for their property and assets. In the content below, we will explore how wildfire insurance is imperative to those living near the mountains, and the types of mountain insurance in Breckenridge, CO.

Mountain Insurance and Wildfire Insurance

While living in or near the mountains, you get the breathtaking views of forestry, lakes, and mountainous peaks. However, while enjoying the nature around you, it may be easy to forget the danger it can bring.

The Cherry Canyon Fire from May of 2020 brought devasting flames across 11,818 acres located 10 miles NW of Kim, CO. Although started from a natural strike of lightning, this canyon fire could have made many homeowners homeless for a time.

In unanticipated events such as this, it is comforting to know that you and your family or business will be properly taken care of when covered under mountain insurance in Breckenridge, CO. Below, we explore the best mountain insurance coverages to secure in the event of a wildfire.

Replacement Cost Coverage

It is crucial that you ensure your personal property coverage contains replacement cost coverage on your policy to reimburse you for any personal items in your home lost in a fire. This coverage allows a full reimbursement to replace your items at no additional cost to you.

Separate Structures Coverage

Your separate structures are another area of concern to properly insure in the event of a wildfire. These structures may include detached garages, sheds, or other items built on your property. Oftentimes, in original policies, these are written with low coverage limits. However, they can be increased to make sure there is adequate coverage to replace these.

Additional Living Expense Coverage

As it pertains to wildfire coverage, an additional special insurance coverage to look for is the additional living expense, the amount paid to you if you need to evacuate or find temporary living arrangements throughout the duration of your home rebuild. It is paramount to solidify an adequate amount of coverage for the duration of time you are out of the home.

Auto Coverage

Finally, do not leave your autos uninsured or without adequate coverage. By failing to secure comprehensive coverage on your automobiles, you risk not receiving a replacement vehicle in the event of a comprehensive auto claim, such as a wildfire.

Secure Your Mountain Insurance and Wildfire Coverage with Centennial State Insurance Agency

If you are looking for the right coverage while living near the mountains in Breckenridge, CO, our experts at Centennial State Insurance Agency are ready to help! As mountain specialists, we understand what is takes to insure homes properly in the mountains to make sure your home is rebuilt, and you are properly taken care of. 

According to insurance agent Savannah Martin at Centennial State Insurance Agency:

“We understand the unique needs of those located in wildfire areas and work with insurance companies to understand this as well. We are able to help you with your home, auto, boat, motorcycle, RV, business, or life insurance needs. We pride ourselves in working with our clients and educating them on their insurance needs while providing excellent customer service.”

Contact us to compare quotes and properly insure your home, property, and automobile today!

When does someone need an auto insurance policy?

If you are in the Bailey, CO area, owning a car is usually a necessity. Not only will this help you to get around town, but it will also give you a convenient way to get out and see all that the state of Colorado has to offer. When you do own a car here, it is also a good idea to get auto insurance. There are several situations when someone here will need to have an auto insurance policy.

When Taking out a Loan

One situation when you will need to get an auto insurance policy is when you are going to take out an auto loan. If you do take out an auto loan, it is important that you continue to comply with all of your lender’s guidelines. This will almost always mean you have to carry a policy with a full collision and comprehensive insurance coverage. 

When Driving on Public Roads

Another situation when you will need to have an auto insurance policy is when you are driving on a public road. Those that want to drive their car in public in Colorado need to comply with the state minimum requirements that govern auto insurance. This will require that you have liability insurance, which ensures you are able to pay for damages caused in an accident.

Picking a new auto insurance policy is always a big decision. When you are searching for a new policy in the Bailey, CO area, you should call the team at Centennial State Insurance Agency. When you work with Centennial State Insurance Agency to pick an auto insurance policy, you will receive a lot of support that can help you to choose a policy that is right for you based on your needs and situation. 

Small Business Insurance Coverage in Buena Vista, CO

small business insurance coverage in Buena Vista, CO

As a small business located in Buena Vista, CO, when was the last time you reviewed your insurance coverages? Are you adequately insured? Are you wondering what coverages your business should have in place?

Doug Compton, CEO of Centennial State Insurance Agency, advises in his small business insurance video: “It’s important as a small business owner to protect your investment. You need to make sure that you have proper liability insurance, that your property is covered, and that you have [workers compensation] insurance if you have employees.”

Small Business Insurance Coverage

Below are some important coverages to secure for your small business:

Property Coverage

Commercial property coverage protects your business structure. However, although commercial property insurance covers some types of water damage, flood insurance is designed to cover damage as a direct result of flooding from either natural or man-made causes. Therefore, it is a separate policy that requires a separate purchase from the standard commercial insurance.

Liability Insurance

Liability insurance protects your business assets and covers costs that come up if someone is hurt in your business. It also may cover injuries and damages caused by employees while on the job.

small business insurance Buena Vista

Commercial Auto Coverage

It is paramount that your business secures auto insurance for any commercial vehicles. Like other states, the state of Colorado requires that you always carry minimum liability insurance. To drive legally in the state of Colorado, you must also always carry $15,000 worth of property damage coverage. Additionally, you need to secure bodily injury coverage of at least $50,000 per incident and $25,000 per person.

Workers Compensation Insurance

Workers Compensation Insurance coverage helps you take care of your employees in the event of an accident and injury. It provides medical expenses, lost wages, and rehabilitation costs to people who became injured or ill at work. Additionally, workers compensation also pays death benefits to families of employees who have passed away while on the job or as a result of the job.

Cyber Insurance

Doug Compton warns that “in today’s world, it is important to look at cyber insurance” regardless of the current size of your business. Many states, including Colorado, have enacted strict laws on how your business is required to protect others’ information.

Hackers are not the only way cybercrime can happen. Ex-employees can steal and distribute company data. Current employees can be tricked into breaking procedure or doing non-work-related tasks at the office. It can also be as simple as misplacing a flash drive or leaving your laptop in the booth at a restaurant.

Small Business Insurance in Buena Vista, CO: Centennial State Insurance Agency

If you are looking for any form of small business insurance in Buena Vista, CO, our experts at Centennial State Insurance Agency are ready to help!

As a proud member of the Buena Vista marketplace, we understand what is takes to secure proper commercial coverage at the right rates to ensure your small business is effectively taken care of. 

Contact us to compare quotes and properly insure your business, property, and auto today!

Should I get commercial insurance for my Colorado business?

Anyone that has been to the Bailey, CO area knows that it is a strong community with a good local economy. Due to this, owning a business here could be a great option. When you own a business here, there is a lot of opportunity for success. At the same time, there are some risks. One way that you can protect yourself and your business are by getting a commercial insurance policy.

Liability Protection

One reason why you should get a commercial insurance policy is that it can provide you with liability protection. A small business owner in Colorado is going to take on some liability risk at all times. To ensure that you are able to mitigate this risk, you need to have insurance coverage. This coverage will be included in your commercial insurance policy.

Protects Assets

When you get a commercial insurance policy, you are also going to receive coverage to protect your assets. A business owner needs to make sure that their assets are properly covered. If you have a commercial insurance policy, you are going to receive the coverage you need to repair or replace your assets if they are damaged or stolen. 

If you are going to start a company in Bailey, CO, and need insurance, it is important to have someone help guide your decision. Due to the complexities that come with picking commercial insurance, you should reach out to the team at the Centennial State Insurance Agency. When you speak with the team at the Centennial State Insurance Agency, you can receive the guidance and support that you need to choose a policy that is right for your business. They will evaluate all of your risks and options to ensure you receive proper support and coverage. 

Wildfire Insurance in Dillon, CO

Are you properly insured in the event an unforeseen wildfire sweeps across Dillon, CO? Regardless of the season, it is best to prepare ahead for a wildfire by putting proper insurance coverage in place.

Doug Compton, CEO of Centennial State Insurance Agency, advises in his wildfire insurance video: “If there is a fire in the area, you may not be able to make changes, additions, or take out a policy in the future.” Therefore, it is paramount to ensure you have proper homeowners insurance in place that covers rebuilding if your home is lost in the fire.

To effectively determine the anticipated cost to rebuild your home in Dillon, CO, calculate the value by a cost per square foot formula. “It’s also important to make sure that you [have] guaranteed replacement cost or extended replacement cost on [your current] policy,” Doug continues. “This is an additional amount of coverage provided by the company you’re with.”

Replacement Cost Coverage

Additionally, it is equally important to ensure that your personal property coverage contains replacement cost coverage on your policy to reimburse you for any personal items in your home lost in a fire. This coverage allows a full reimbursement to replace your items at no additional cost to you.

Separate Structures Coverage

Your separate structures are another area of concern to properly insure in the event of a wildfire. These structures may include detached garages, sheds, or other items built on your property. Doug explains, “Oftentimes, in the original policies, these are written with low [coverage] limits, but can be increased to make sure that there’s adequate coverage to replace these.”

wildfire insurance in Dillon, CO

Additional Living Expense Coverage

As it pertains to wildfire coverage, an additional special insurance coverage to look for is the additional living expense, the amount paid to you if you need to evacuate or find temporary living arrangements throughout the duration of your home rebuild. It is paramount to solidify an adequate amount of coverage for the duration of time you are out of the home.

Auto Coverage

Finally, do not leave your autos uninsured or without adequate coverage. By failing to secure comprehensive coverage on your automobiles, you risk the result of not receiving a replacement vehicle in the event of a comprehensive auto claim such as a wildfire.

Secure Your Wildfire Coverage with Centennial State Insurance Agency

If you are looking for wildfire insurance in Dillon, CO, our experts at Centennial State Insurance Agency are ready to help! As mountain specialists, we understand what is takes to insure homes properly in the mountains to make sure your home is rebuilt and you are taken care of. Contact us to compare quotes and properly insure your home, property, and auto today!

Tips to Keep Your Home Safe While on Vacation

It’s time for your yearly family vacation, excitement is in the air, the suitcases are packed and by the door. However, did you remember to secure your home while you’re away?

Statistics show most homes are broken into while the residents are out of town, don’t be an unscrupulous robbers’ next victim.

If you need to update your homeowner’s insurance policy with Centennial State Insurance Agency in Bailey, CO gets it taken care of before you head off on your vacation.

The following tips will help defer any robbers’ and make it look like your home is occupied and you’re going about your business as usual.

Technology & Inside Your Home

Smartphones are a great way to help keep your home safe. You can turn lights on and off at specific times, however, it’s best to mix it up just a little such as turning the lights on and off at a different time each day you’re away but only by 15 minutes or so because very few people have such a rigorous schedule that they turn their lights on and off in the same rooms at the same time. You need to stagger it a little bit different lights at different times.

Also, it goes without saying make sure all your windows and doors are securely locked before you leave.

Outside Your Home

If you have a garage park your car in it, this way no one will know it hasn’t left the driveway in days. Do not leave a key outside and have your newspaper service stopped while you’re away and have the post office hold your mail. Have your landscapers come at their regular time. If you have a sprinkler system leave that as it is and have a family member, friend, or neighbor stop by daily at a different time and check things out to make sure all is well.

Once you return home you may decide to make some changes to your homeowners’ policy call Centennial State Insurance Agency in Bailey, CO to set up an appointment.

Do Disabled Drivers Need Special Auto Insurance?

Do Disabled Drivers Need Special Auto Insurance?

When it comes to finding the right insurance, each individual may face certain challenges. This is especially true when seeking auto insurance for disabled drivers. Disability can range from mild to situations where there is a need for special equipment that needs to be insured. 

Are you curious about any special modifications regarding insurance for disabled drivers? In the content below, we discuss special driver disability insurance modifications and explore how to find the right policy for you.

Special Disability Modifications for Vehicles

In instances where a vehicle needs to be modified to accommodate a handicapped driver, there may be a need for special coverage to include modifications and extra essential equipment such as loading ramps and lifts. If anyone who is currently searching for auto insurance has questions about coverage for people with disabilities, they should reach out to an experienced insurance agent to get answers to their questions as well as find currently available options. 

Finding the Right Auto Insurance for Disabled Drivers

In special situations, it helps to have a professional insurance agency to help you work through issues and find policies that match current needs. The agents at Centennial State Insurance Agency, serving Bailey, CO, are committed to helping those with special situations and disabilities find the coverage options they need to feel secure day and night.

Shopping for special auto insurance doesn’t have to be confusing. Get assistance from agents that have insight and experiences to make the process quick and easy without having to guess about the terms and conditions or worry about gaps in coverage.

Anyone who has a disability and is currently looking for high-quality insurance products to give them peace of mind, should call or stop by Centennial State Insurance Agency, proudly serving Bailey, CO, to find out more about how to protect their vehicle and find insurance that gives them confidence. 

Does Commercial Insurance Cover Flood Damage?

flood damages

Commercial insurance is necessary for most businesses, especially if they have a physical location and equipment for daily operations. Although businesses face a variety of risks, one particular risk can pose a unique challenge, and that is flooding. Although commercial insurance covers some types of water damage, flood insurance is designed to cover flood damage as a direct result of flooding from either natural or man-made causes

Commercial Insurance and Flood Damage

Although commercial insurance protects from the majority of risks a business or company may face, flooding is not one of them. Although flood insurance for a business is a type of commercial insurance, it is a separate policy that requires a separate purchase from the standard commercial insurance.

Most companies will opt to take this coverage, especially if they live in an area that is prone to flooding or natural disasters. In some cases, it may also be legally required.

Cover Flood Damage with Centennial State Insurance Agency

If anyone in the Bailey, CO area is interested in commercial or flood insurance, they can count on Centennial State Insurance Agency to give them insurance options that work for each individual need. 

Working with a licensed agent can help make the process of obtaining the right amount, and type, of coverage easier and more comprehensive. These agents can help identify potential risks as well as advise on coverage conditions.

Their assistance can help prevent losses as a result of covered events and the unexpected. Call an agent to get started protecting a company or business from flooding and other threats.

Don’t be misinformed when it comes to insurance coverage! Get guidance and answers to any questions from industry professionals if you live near Bailey, CO at Centennial State Insurance Agency by calling or stopping by the office today. 

DIY Home Security Systems: Do They Protect My Home?

DIY home security systems

DIY home security systems are just as effective at protecting your home as the professional systems, but with a few key differences that you need to know about. The systems are easy to install and can be moved if you choose to relocate to another state. Understanding their limitations and taking responsibility for your home are key factors in protecting your home and family.

Effective DIY Home Security Systems and Equipment

Most DIY home security systems come with the same equipment as professional systems. You normally receive door and window sensors, a siren, a keypad and motion detectors. You can also purchase additional items like smart door locks, security cameras, and video doorbell viewers that allow you to have more access to your home while you are away.

It’s Up to You!

The main difference between a professional system and a DIY system is that you must do all of the work. From installing the system to monitoring it, it’s up to you as to how effective the system will be. Closely monitoring your system and staying alert when you receive a notification is the key to keeping your home secure.

Secure Your Home Insurance Today with Centennial State Insurance Agency!

Do you reside in Bailey, Conifer, Buena Vista, or Salida, CO or Flagstaff, AZ? Do you wish to learn more about DIY home security systems? You can talk with the agents of Centennial State Insurance Agency!

At Centennial State Insurance Agency, we are always available to help Bailey, CO residents find the answers they need to all of their home insurance questions.

Visit our office today or call and schedule a meeting so you can go over the benefits of having a DIY home security system in place. They have the answers you need to keep your home secure!

Contact us to compare quotes and properly insure your home, property, and automobile today!