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.”

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 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 damage as a direct result of flooding from either natural or man-made causes. 

Commercial Insurance and Flooding

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. 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 an Agent

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. 

Are DIY Home Security Systems Effectively Protecting My Home?

Bailey, Conifer, Buena Vista, or Salida CO or Flagstaff, AZ residents who are interested in learning more about DIY home security systems can talk to the agents of Centennial State Insurance Agency. 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 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.

The agents at Centennial State Insurance Agency are always available to help Bailey, CO residents find the answers they need to all of their home insurance questions. Visit their 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!

Comprehensive Auto Insurance: What Does It Cover?

Living in Bailey, CO or Flagstaff, AZ offers all the benefits of a small town surrounded by wilderness. Along with that comes all the hazards that can be really tough on a driver. At Centennial State Insurance Agency we understand what drivers have to contend with when the weather can be a challenge and wild animals can dart into the road without any warning. In Colorado, drivers are required to carry liability insurance but beyond that, unless you have a car loan you don’t need to carry anything else. Comprehensive auto insurance covers many of the hazards that life in the wild can throw at you. 

Comprehensive auto insurance is also known as not collision coverage. What this means is that it covers many of the things that can happen to your vehicle that don’t involve another vehicle. It covers things such as hail which can cause great damage to your paint job and if it is baseball size it can leave lots of dents. High winds can bring down tree branches that sometimes land on your vehicle. You may have your vehicle parked n the street or in a parking lot where it gets vandalized. Most comprehensive policies also cover glass and usually, this has no deductible. Wild animals can dart into the road and be unavoidable.

Theft of your vehicle is probably the most important coverage that comprehensive auto insurance offers. When your vehicle is stolen there is no guarantee that you will ever get it back and even if you do, it may not be in good condition. Being able to repair or replace your vehicle is very important to most people. 

When it comes to car insurance, you have choices. You can decide what kind of coverage works best for you and your situation. At Centennial State Insurance Agency in Bailey, CO our team has the information that you need to make an educated decision. Why not give us a call or stop by our office to discuss the different coverage that is available and get a no-obligation quote.

3 Things to Know Before Selecting a Commercial Insurance Policy

Before you select a commercial insurance policy in Bailey, CO, Centennial State Insurance Agency wants you to keep a few things in mind. Most businesses are required to have some type of coverage, but not every policy is created equal. These tips can make it easier to decide if you’re coming down to the wire. 

1. Consider the Worst

Insurance is all about preparing for both the expected and unexpected. So if a snowstorm causes your roof to collapse, you don’t have to file for bankruptcy. Not every plan will cover certain things, so you need to think about how this will affect you. For example, a standard-issue policy may help the vast majority of the expenses for a roof repair, but it may not cover the income you lost while you had to close up. To get that extra consideration, you would need to purchase more comprehensive coverage. 

2. Liability Concerns 

Customers can sue for any number of reasons, and the legal fees from even a single case can be devastating for commercial business owners. Choosing a policy with a low amount of coverage can end up destroying a business from the inside out. Some people will even go so far as to take out umbrella insurance policies that will give them additional coverage when the hit the limits of a normal policy. 

3. Having a Contact Matters 

Who you choose to cover you is almost as important as the type of plan you purchase. If you have questions about the right options for you, call Centennial State Insurance Agency. We help the business owners of Bailey, CO find coverage that will be of use to them when the tough times strike. Give us a call today to learn more about how we help. 

What Is A Covered Peril: Home Insurance Basics

what is a covered peril

If you’ve been shopping for homeowners insurance for your home in Bailey, CO, or Flagstaff, AZ, you may have come across the term “covered peril.” Are you wondering what the phrase means in terms of your policy coverage? In the content below, we define a covered peril and discuss its common applications.

What Is a Peril?

By definition, a peril is any risk that can cause damage to your home or belongings, such as theft or smoke/fire damage.

A covered peril means your insurance policy will pay specific reimbursements based on the limits in your policy if the peril is covered.

Every homeowner’s insurance policy includes lists of covered perils, but not all perils are covered by all policies. For information about specific perils, contact your Centennial State Insurance Agency agent. 

Open Perils 

Your homeowner’s policy coverage may be based on open perils. This provides protection from all risks unless your carrier specifically lists and exempts them.  

Named Perils 

Most homeowner’s insurance policies name specific covered perils. Because they don’t provide as much protection as an open peril plan, policies with named perils are typically lower in cost. As a result, these tend to appeal to homeowners who only require insurance against theft, fire, vandalism, hail, and other common risks. 

The most common named perils homeowners face include: 


Your home, belongings, and other structures such as sheds and garages are usually covered against loss due to fire or smoke damage.  


Most insurance companies provide insurance coverage for hail damage. 


Most insurance policies cover theft up to the limit of the policy. By endorsement, you have the option to increase or decrease the covered limit.


Tornadoes and hurricanes are generally covered by most property insurance policies. However, it may require a higher deductible and will not cover flooding.  


In most homeowner’s insurance policies, flood insurance is generally not a covered peril. Therefore, it usually requires an additional rider, or endorsement, for coverage. 


Typically, standard homeowners insurance policies exclude earthquakes. Therefore, if you live in an earthquake-prone area, review your current insurance policy in place and consider adding earthquake coverage.

Find Colorado Coverage with Centennial State

Remember that open peril homeowner’s policies don’t cover every loss, and named peril coverage may not be as limited as it sounds.

At Centennial State Insurance Agency, we are dedicated to finding the best suited coverage for your insurance needs. If you have questions about what type of homeowners insurance will cover your Bailey, CO home best, contact us today. 

What You Need to Know About Auto Insurance

Making sure your car’s insured is important because cars can be big investments. You also want to have your vehicle protected since you need it to get to and from work, school, and other places. But what do you really need to know about car insurance? How can you choose the right policy for your needs? At Centennial State Insurance Agency, we can help ensure you have proper coverage for your Bailey, CO or Flagstaff, AZ area vehicle. Here are a few things you should consider about your car insurance.

Auto insurance is required in Colorado and Arizona and there are limits you have to have to comply with state laws. While you don’t need to have collision or comprehensive coverage to be in compliance with the law, you do need to have basic coverage. Still, it’s a good idea to have more than just state minimums, since accidents and other problems can often put a strain on you. The more protection you have, the more peace of mind you’ll have, as well. If you aren’t sure what coverage you should have, or what you need to feel protected and safe, talking to a trusted agent can help with that.

At Centennial State Insurance Agency, we service the Bailey, CO and Flagstaff, AZ area. Come in and talk to us, give us a call, or reach out online, and let us work with you to get the right auto insurance policy for your needs. You should know about the coverage options and requirements, so you can make an informed choice. We’ll do our best to give you all the information you need, and that way you’ll have the opportunity to get a policy that’s truly going to be right for you. That’s a great way to know your car will be properly covered.