Author: agentinsure

Term Life or Whole Life Insurance – Which is Better for Me?

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When it comes to choosing a life insurance policy, it can generally boil down to two choices – term life and whole life. Term life, as the name implies, is only valid for a period of years – typically 15 or 20. What this means is that if you purchase a $1 Million 20-year term life policy than if after those 20 years you are still living the policy is no longer active. Conversely, whole life offers the benefit of being active for the remainder of your life or as long as the policy premium is paid. Additionally, whole life insurance also has an investment component that allows you to earn a little bit of interest every year of the policy. Any gains you accumulate are tax-deferred and you’ll have the opportunity to take a loan from the accumulated funds. Some whole life insurance policies pay an annual dividend so be sure to ask your insurance agency if that is an option you want to have. 

When it comes to choosing between the two, term life is going to be less expensive because it is only valid for a certain period of time and does not have a cash value that allows for borrowing. Whole life insurance will be costlier but the coverage lasts for your entire lifetime and has a guaranteed rate of return on a portion of the policy premium that you pay annually. 

At Front Range Insurance Services in Littleton, CO, we understand that choosing a life insurance policy can be a difficult and emotional decision. That’s why our friendly and professional staff is always ready to answer your questions and walk you through the decision making process. We encourage you to give us a call so we can walk you through all your life insurance options and help you choose the policy that best protects your loved ones. 

What is the benefit of getting commercial insurance for my Colorado business?

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Littleton, CO is a community located near Denver that offers a lot of opportunities to residents and business owners. Those that open a business here and are willing to work hard could do quite well. Anyone that is going to start a business here should carefully consider their insurance needs. There are many benefits that are provided by commercial insurance. 

Protects Business for Liability

Any business owner is going to take on liability risk. If you have a customer that gets hurt or sick through the use of your product or service, you could be found liable and will need to pay for the damages that the person incurs. Fortunately, you can protect against this risk by getting a commercial insurance policy. When you invest in a quality commercial insurance policy, you are going to receive a certain level of liability insurance coverage.

Protects Business Assets

A business that invests in inventory, equipment, and other assets needs to make sure that they are protecting this investment. The most efficient way that you can do this is by getting the right insurance coverage. When you get a full commercial insurance policy for your company, you are going to receive coverage up to a certain point and level for your business assets. 

When you are shopping for commercial insurance in the Littleton, CO area, working with a team that you can trust and is experienced is very important. A great option to go to for your insurance needs is Front Range Insurance Services. When you speak with the team at Front Range Insurance Services you are going to receive the personalized support and guidance that you will need to find a policy that offers your company with the right type and level of coverage. 

First Time Homeowners: Colorado Edition

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Whether you are a new resident to Colorado or been here for years, buying a home in the centennial state can be a unique process. Colorado has long been touted for its beautiful weather to include upwards of 300 days of sunshine and snow-capped mountains year-round, but what people might know – except for residents – is that the weather can wreak havoc throughout the year causing angst to many homeowners. Once you’ve found your perfect house, give Front Range Insurance Services in Littleton, CO a call for any of your home insurance needs.

Tip #1: South and Southwest Facing Driveways

Unless you want to be shoveling or plowing snow for hours, it is best to find a home with a driveway that faces South or Southwest so that the sun keeps it in check and melts most of the snow. Depending on where you live, your homeowner’s association may be responsible for plowing your street – not the city – so it can take hours for it to be done or the street might never be plowed. 

Tip #2: Hail Damage Coverage

Hail is notorious for damaging everything from cars to homes in Colorado with the typical season lasting from April through the summer. Consequently, don’t skimp on a homeowner’s insurance policy that doesn’t include hail because at some point fixing damage from hail will be a reality. At Front Range Insurance Services in Littleton, CO, we specialize in home insurance and will work to be sure that you are completely satisfied with the selected policy. 

Tip #3: Know Your Financing Options

With interest rates at an all-time low, there has never been a better time to get a mortgage but that doesn’t mean you shouldn’t comparison shop for the best rates. Additionally, if you are a veteran you are eligible for specialized programs that offer reduced down payments along with the Colorado Housing and Finance Authority which specializes in getting any income level individuals into a home.

Who needs to get auto insurance?

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When you are in the Littleton, CO area, owning a car is a good idea as it will make it easier for you to get around town. When you are in the market for a new car, it is important that you carefully consider all of your insurance needs as well. There are several situations when someone will need to get a full auto insurance policy to properly protect themselves and their vehicle.

When Pledging Car as Collateral

One situation when you need to have an auto insurance policy in the Littleton, CO area is when you are going to pledge your car as collateral. For a lot of people, the high cost that comes with buying a car requires that they take out a loan to finance it. If you do have a car loan, the lender will take a lien on the car and will require that you have auto insurance at all times to protect their collateral.

When Driving on Public Roads

A car owner is going to be required to carry auto insurance when they take their car out onto a public road. If you do drive a car in Colorado, you are obligated by state law to carry liability insurance. When you have this coverage, it will ensure you are able to pay for damages that you cause in an accident. Those that don’t have it will be in violation of state law.

As you are searching for a new auto insurance policy, it is always a good idea to work with a professional that you can trust. One company that can help you to get into a great auto insurance policy is Front Range Insurance Services. When you work with Front Range Insurance Services to choose an insurance policy, you are going to receive the guidance and support that you need to choose a great policy. 

Is Umbrella Insurance Right For Me?

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There are all kinds of insurance policy options out there. Some of these policies are decided to protecting one specific piece of property or vehicle, while other forms of insurance offer a more blanket form of protection. This is where umbrella insurance comes in. Umbrella insurance isn’t necessary for everyone, but it does offer additional liability protection for you and what you own. If you live in greater Littleton, CO out staff here at Front Range Insurance Services is here to assist you in finding the right umbrella insurance coverage if it is something you’re interested in. 

Do You Own A Home or Condo?

If you don’t own where you live you may not need umbrella insurance. Instead, it might be better for you to add specific protection to what you do own. However, umbrella insurance can be extremely valuable when you own your property. If a fire starts in your home and spreads to your neighbors, umbrella insurance can help you cover this. Or if someone slips on your sidewalk and files a lawsuit, your umbrella insurance will help you pay for the attorneys and other legal fees. This is extremely expensive out of pocket, which is why umbrella insurance is valuable. 

Go The Extra Mile With Added Liability Protection

Umbrella insurance will offer you and what you own additional liability protection. Of course, this kind of insurance is perfect for some individuals, while it may not be right for others. If you want to know about umbrella insurance and if you are a prime candidate for it, now is the time to give our staff here at Front Range Insurance Services a call. Our staff is ready and waiting to help you protect your Littleton, CO home, auto, and other investments you own. 

Do You Really Need Flood Insurance?

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If you think your Colorado home is safe from flooding because you live outside of a flood zone, think again. Over a quarter of flood claims across the country come from homeowners who live outside of flood zone areas. Flooding can happen almost anywhere. By purchasing flood insurance, you can be prepared for a flood disaster. The following flood facts from Front Range Insurance Services explain why you should consider flood coverage for your Littleton, CO home.

Floods Cause Extensive Damage

Flooding can cause extensive damage to your home’s structure and utterly destroy its contents. Without flood insurance, you could suffer financial ruin due to the damage that a flood can cause. Even a few inches of floodwater is enough to cause devastating results. Because floods often happen quickly, you may have little time to prepare your home or save your belongings. That’s why it’s important to have flood coverage in place well in advance.

Home Insurance Doesn’t Cover Flooding

If a pipe breaks or rainwater leaks through your roof and causes water damage in your home, your home insurance will compensate you for your loss. Home policies, however, don’t cover flood damage caused by rising river waters, snow melts, or overrun dams. Colorado is prone to flash floods due to excessive rainfall during the rainy season. With flood insurance, you can be prepared against the risk of flood damage to your home.  

Flood Insurance Helps You Recover from Flood Disasters 

Flood insurance in Littleton, CO provides financial compensation to help you recover from a flood disaster. A flood policy from the National Flood Insurance Program (NFIP) will protect your home for up to $250,000 and contents up to $100,000. These funds can be instrumental in helping you get back on your feet after a flood.

For more information about flood insurance coverage and costs, contact your Front Range Insurance Services agent today.

Why You Should Consider Replacement Cost Coverage for Your Recreational Vehicle

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Replacement cost coverage is a very powerful tool to have when you need it. The goal of having adequate replacement cost coverage is for the protection amount to help the insured person get back to the status they had before the problem occurred.

It is a Mistake to be Underinsured

When considering how to insure a recreational vehicle (RV), it is a mistake if you only cover its blue-book value for the resale of the RV. If it gets in an accident, where it is totaled or it burns up in a fire, your insurance may not cover everything. In most cases, resale valuation is too low for insurance because RVs contain many things inside them that are valuable. With inadequate protection, all of those things may be lost.

Take Inventory for Complete Protection

Work with your agent at Front Range Insurance Services, serving Littleton, CO and the surrounding area, to discuss these matters. Consider getting replacement insurance for the RV and all of its contents. With replacement insurance, if an item is covered, the insurance company will give you enough to get a new one of the same type. Say, for example, somebody steals your television when you are away from the RV. If the TV is covered, then, you will be able to get a new one of the same type, not a used one.

You will want to make a complete inventory of all the items you already have in the RV and save receipts for any new purchases. It is helpful to make a video of all the items. In the video recording, clearly show the items, their brand name, and any identification numbers. Also, ask your agent about road service coverage and rental car coverage, if the RV needs repairs when you are on vacation.

To get an RV insurance review and a quote, contact your agent at Front Range Insurance Services in Littleton, CO.

Do I Need Boat Insurance?

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You work hard for your money and when you decide to spend some of it on a boat, you want to ensure that your investment is protected. Whether you have a small canoe or a million-dollar yacht, you will want to have peace of mind knowing it can be repaired or replaced if a disaster or theft occurs.

While most states do not require boat insurance, that does not mean you should not have it. In Colorado, liability insurance is required for your auto but not for boats. However, some marinas may require you to have insurance coverage before they will allow you to store your boat there as part of the lease agreement.

If you finance your boat, your lender may require that you have at least liability insurance. The amount of insurance must cover the full value of the boat so if it catches on fire or sinks, the bank will not be out their money and you can purchase a replacement boat. Some homeowner’s insurance policy will cover your boat but is normally limited to boats that are under a certain amount of value and size. Boat insurance policies are unique and designed for the special needs of boat owners.

Many boat insurance policies are referred to as "All Risk" policies, meaning they provide coverage for a broad spectrum of incidents that can affect your beloved boat, such as vandalism, lightning, and hail, a fire, theft, or if your boat sinks or is involved in a crash. You will have to add to your policy to cover your fishing gear and other personal items that you may leave on your boat so they can be replaced if a disaster occurs.

To find out more information about boat insurance to protect your investment, call upon the knowledgeable and experienced agents at Front Range Insurance Services in Littleton, CO for all of your boat insurance needs.

How can a Colorado motorcycle insurance policy protect me?

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Those that live in the Littleton, CO area will enjoy the beautiful scenery and nice weather most of the year. To enjoy it to its fullest, many people would love to take a motorcycle out and enjoy the surroundings. When you are looking to do this, it is important that you have motorcycle insurance as it can protect you in many different ways. 

Ensures that you have Liability Coverage

One way that a motorcycle insurance policy for someone in the Littleton, CO area can protect them is by providing liability coverage. Whenever you operate your motorcycle, there is always going to be a small chance that an accident could occur. If you are at fault in this accident, it will be up to you to cover all damages. Since these can be expensive, having motorcycle insurance with liability coverage will prove to be very valuable.

Provides Protection for Your Assets

Additionally, owners of motorcycles will want to make sure that their prized possession is protected. If your bike is stolen or damaged in any way, the cost to replace or repair it can be significant. However, if you have motorcycle insurance at all times, it will help to ensure that you are properly covered. A full comprehensive coverage and collision coverage policy will cover you for virtually any situation that could cause a loss. 

Once you are ready to start looking for motorcycle insurance in Colorado, you should contact the team at Front Range Insurance Services. The insurance professionals at Front Range Insurance Services can help you to find a great motorcycle insurance policy that properly meets your needs. This will ensure that you are fully covered for any liability risk and also that your motorcycle will be covered if it is damaged.

Does Recreational Insurance Cover Tents and Camping?

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Camping is a favorite pastime for residents who live in the Littleton, CO area. While some campers go all out with large RVs and motorhomes, there are others who prefer to keep it old school. Tents, sleeping bags, camp stoves, and lanterns are the only supplies a dedicated outdoorsman will really need if they plan on camping under the stars. The agents of Front Range Insurance Services offer several types of insurance policies that cover camping and your equipment.

Theft and Vandalism

Insuring your camping equipment will protect you from losing your investment. If your tent or any of your equipment is stolen, vandalized, or damaged due to the negligence of others, you will be able to file a claim to replace your items It’s important to make sure, however, that your policy is written to include those items.

Liability

When you are camping, it’s important that you take the necessary precautions to protect yourself and others from injury. Having liability insurance will protect you if you or someone in your party is injured during your camping trip. Your agent will be able to assist you in creating a policy that best meets your needs.

Residents who live in Littleton, CO and are looking forward to camping over the next year can call the agents of Front Range Insurance Services. They have a variety of recreational insurance policies to cover your camping gear whether you are using it at the time or if it is in storage for the winter. Schedule an appointment today with one of their reputable agents so that you know you will be good to go when camping season rolls around.