Category: Insurance

As a team, we understand how devastating floods can be to homes and businesses in Erie, CO. That’s why we believe it’s important for our clients to have a clear understanding of their flood insurance coverage.

Flood Insurance: What You Need To Know

First and foremost, it’s important to know that standard homeowners insurance policies typically do not cover flood damage. That’s where flood insurance comes in. At Advantage Service Insurance, we offer flood insurance policies through a number of outlets, including private insurance carriers.

When it comes to flood insurance coverage, there are typically two types of coverage available: building property coverage and personal property coverage. Building property coverage typically covers the physical structure of your home or business, including the foundation, walls, floors, and ceiling. Personal property coverage, on the other hand, covers your personal belongings such as furniture, electronics, and clothing.

It’s important to note that flood insurance policies have limitations and exclusions. For example, most policies will not cover damage to your basement or any items that were stored in your basement. Additionally, damage caused by sewer backups or sump pump failures may not be covered under a standard flood insurance policy.

At Advantage Service Insurance, we recommend that our clients take the time to review their flood insurance policies and understand what is and is not covered. We also advise our clients to consider purchasing additional coverage or endorsements to their policy to ensure they have adequate protection.

Finally, in the event of a flood, it’s important to contact us as soon as possible to file a claim. We will work with you every step of the way to ensure a smooth claims process and get you the coverage you need to recover from the flood damage.

Reach Out To Us Today

Flood insurance is a critical component of protecting your home or business in Erie, CO from flood damage. At Advantage Service Insurance, we are committed to providing our clients with the knowledge and resources they need to understand their coverage and make informed decisions. Contact us today to learn more about our flood insurance policies and how we can help you protect your property.

Affordability, ease of resale, low maintenance, and increased security are some of the benefits that draw people to condos. Now that you have moved into your condo, you must consider condo insurance or HO6 insurance—it’ll protect your property and possessions.  But do you know there are certain mistakes you could make when purchasing insurance in Erie, CO?

Here are a few:

Failing to read the fine print in the policy document carefully

Not reading through the entire policy before signing is a common mistake most people make — reading the fine print is important. Ask our team at Advantage Service Insurance any questions about what you don’t understand. Without reading the policy document, you may sign something that will cost you more in the long run. Investing in a condo is a huge investment. Don’t increase your risks because you didn’t review the policy document.

Having insufficient coverage

Not having enough coverage is another big mistake insurers make. The mistake occurs when you don’t value your possessions properly. When a disaster happens, you’ll pay for the difference out of pocket. The solution is to take time when valuing your property to insure its actual costs.

Overlooking perils that are not covered by your policy

Insurance for your condos varies depending on numerous factors. The HO6 insurance covers damage inside the condo. Never assume that you only need condo association coverage. Ensure you review your policy to understand what’s covered. That way, you’ll know what you can recover once disaster strikes. 

Give Us A Call – We Are Here to Help!

By avoiding the above mistakes when buying condo insurance, you’ll rest easy knowing your valuable property is protected. Advantage Service Insurance Erie, CO can help with your condominium insurance. If you need help insuring your condo, contact us today.

If you’re a classic car enthusiast in Erie, CO, you may be wondering if classic car insurance also covers classic motorcycles. The answer is yes—classic car insurance can also cover classic motorcycles.  Advantage Service Insurance is here to assist you in what you need to know about classic car and motorcycle insurance. 

Differences in Coverage 

Classic cars and motorcycles have different needs when it comes to coverage. For example, many classic cars are only driven on weekends or special occasions, whereas a classic motorcycle might be used more frequently. This means that the type of coverage you need could vary depending on how often your vehicle is used. Additionally, there may be other factors to consider such as whether or not your vehicle is stored in a garage or kept outside year-round. 

Another difference between classic car and motorcycle insurance is that certain modifications may not be covered under standard policies. Many owners of vintage vehicles make upgrades or changes to their cars or bikes in order to improve performance or customize them for racing or exhibition purposes. As such, it’s important to discuss any modifications with your insurer so that they can adjust your policy accordingly and ensure that all of your upgrades are covered in case of an accident or breakdown. 

Give Us A Call

Overall, classic car insurance can provide valuable protection for both cars and motorcycles alike. However, it’s important to understand the differences between the two types of policies so that you get the right amount of coverage for your specific needs in Erie, CO. Contact Advantage Service Insurance today to discuss how we can help protect your beloved classic car or motorcycle!

Commercial insurance is a type of insurance that business owners can purchase to protect their businesses from potential losses. There are many different types of commercial insurance, and each one offers different levels of coverage. How much commercial insurance you need depends on the size and nature of your business, as well as the risks it faces.

There are several factors you will need to take into account when deciding how much commercial insurance to buy.  Advantage Service Insurance is here to help our Erie, CO business owners. 

These are some of those factors to consider:

What size policy should I buy?

How much commercial insurance you need depends on the size and nature of your business, as well as the risks it faces. For example, a small business that does not have many employees or assets may only need a basic policy that covers property damage and liability. However, a larger business with more employees and assets will need a more comprehensive policy that offers more coverage.

Factor in the risks

The types of risks your business faces also play a role in how much commercial insurance you need. For example, if your business is located in a high-risk area, you will need to buy a policy that offers greater coverage. Similarly, if your business deals with hazardous materials or products, you will need to have a policy that specifically covers those risks.

The best time to buy

The best time to buy commercial insurance is when your business is starting up. This is because most insurers offer discounts for new customers.

Contact us today!

If you have any questions about your liability or commercial insurance coverage, call Advantage Service Insurance today. We proudly serve the Erie, CO area.

Many consumers out there can benefit from carrying toy insurance. That’s why consumers must understand what toy insurance is and what types of expenses it covers.

At Advantage Service Insurance, we offer toy insurance in Erie, CO. If you have questions about this type of insurance, you can contact our insurance company. The following are three things to know about toy insurance.

Toy insurance refers to coverage for possessions like snowmobiles, all-terrain vehicles, golf carts, and more.

Insurance coverage policies for recreational vehicles such as snowmobiles, all-terrain vehicles, and golf carts are frequently referred to as "toy insurance." A toy insurance policy will provide financial protection to owners of such vehicles. 

Toy insurance policies typically include liability, collision, and comprehensive coverage.

Toy insurance is similar to auto insurance in many ways. One similarity between toy and auto insurance is that both types include liability, collision, and comprehensive coverage.

Liability coverage protects you from damages to property belonging to other parties resulting from using your recreational vehicle. Collision coverage covers repairs for damages to your recreational vehicle that result from vehicle accidents. Comprehensive coverage compensates you for damages that result from an incident such as a fire. 

It’s a good idea to purchase enough collision coverage for the full value of your recreational toys.

If you want complete coverage for your recreational toy, then you should ensure that the collision coverage maximum is as high as the value of your vehicle. This way, you don’t have to worry about losing any of the value of your vehicle if it is totaled. 

Learn more about toy insurance in Erie, CO today! Call or email us at Advantage Service Insurance with your questions. We’re eager to get you the insurance coverage you need to protect your finances. 

Are you a lucky owner of a motorhome that many people dream about? Are you planning your first RV vacation? Then, it is a good idea to purchase motorhome insurance to protect your precious investment and yourself. However, before you buy an insurance plan, there are certain things you need to take into consideration: 

What Things Should You Consider When Shopping for Motorhome Insurance?

How much you are going to use your motorhome

There are two different categories of RV insurance depending on how often you are going to travel and stay in your RV. For example, if you are a full-time RVer (spending more than 150 nights in your motorhome each year), then you are exposed to more risks and need broader coverage. 

Limitation of motorhome insurance

Typically, motorhome insurance does not cover such things as general wear and tear, damage caused by an earthquake or flood, damage from mold and fungi, and some other things. Make sure to talk to an insurance agent to know the exact limitations. 

Discounts

You may receive a discount on your motorhome insurance policy. Most insurance companies look at such factors as your driving record and credit score when they determine the rate. You also may be qualified for a discount for multiple policy bundling (getting several types of insurance from one company). 

Advantage Service Insurance – Insurance Company in Colorado That You Can Trust

If you are searching for coverage for your motorhome, Advantage Service Insurance in Erie, CO is here to help you. We specialize in all types of insurance, including motorhome insurance as well, and we serve clients in Erie, CO as well as other surrounding areas. Give us a call – we are always here for you. 

RV insurance is used to protect you and your RV. Though you may be able to put in with your automobile insurance, the truth is that you may need separate insurance for your RV. Advantage Service Insurance in Erie, CO can help you navigate this important insurance coverage.

Here are some reasons why you need special insurance for your RV:

It will protect your possessions

Most of the time, you are going to be hauling plenty of items with you on your trip. This may include clothing, televisions, game consoles, and other electronics. Your automobile insurance won’t cover all of these added possessions. 

If you are in an accident, you may be held liable for damages that occur to any other vehicles

Your insurance will cover the cost to fix any damage or replace any vehicles if you are in an accident. 

As well as any medical bills

If someone is injured in the accident, you may be held liable for any medical bills that occur. If you get sued, your insurance will cover any legal fees that you may have. 

Your own RV may also be covered

You may want to get additional coverage to repair or replace your RV if you are involved in an accident. 

If you have an RV, you really should consider getting insurance. Not only are you going to be taking more possessions with you on your travels, but you may not have any money for any damage that may occur with accidents. You could also be required to pay hefty medical bills, which may be more than you have. 

Give Us A Call

If you want to make sure that your RV is fully protected, you need to talk to a professional. Don’t hesitate to contact us today at Advantage Service Insurance in Erie, CO. 

Colorado requires riders to obtain an M or a "3" endorsement on a valid Colorado driver’s license. The M allows riders to take their 2-wheel or 3-wheel motorcycle on roadways, while a "3" only permits riding on three wheels. Therefore, if you carry state minimum liability on your Colorado car, it already covers your motorcycle unless your policy explicitly excludes riding one. However, motorcycle riding inherently has a greater possibility of severe injury or death, leading to higher insurance costs.

Issues Affecting Your Colorado Motorcycle Insurance Needs

Consult our licensed Advantage Service Insurance agents in Erie, CO before you decide how much insurance to carry as a motorcycle rider.

Colorado Is a Tort State

Colorado had no-fault insurance from 1974 until 2003. Now, instead of being able to recover damages right away, someone must decide who caused the accident and what percentage of the fault each driver or rider caused. Consequently, if you were lane-splitting and a driver did not see you, you would share at least some blame for the accident.

You Can Only Collect Damages for the Other Party’s Percentage of Fault

You can only receive compensation in Colorado if you bore less than 50 percent of the responsibility for the accident. Therefore, if you were 40 percent at fault, you could only collect 60 percent of your total damages. You get nothing when you and the other party share fault equally.

Motorcycle Accident Injury Statistics

In 2016, nearly 61 motorcyclists died for every 100,000 vehicles on the road. Unfortunately, that rate could run higher: Colorado had already reached 62 deaths by April 2022. Consequently, wisdom dictates carrying uninsured and underinsured motorists, comprehensive insurance, and collision for your motorcycle.

Contact Us Today

Call our Advantage Service Insurance agents in Erie CO or email us for assistance with your motorcycle insurance needs.

You made the right move to take boat insurance to protect your vessel. Now that an incident covered under the policy has occurred, you have a claim. It’s vital that you present your claim correctly to avoid it getting rejected by the insurer. As a boat owner in Erie, CO, there are steps you can take.

Here is what you should do:

1. Call Your Insurance Company Immediately 

Whether the claim is about theft or an accident, you should immediately call your insurance company to inform them. You can also report the claim incident online if your insurer allows for that. Make your you explain in detail what happened.

2. Call the Authorities if Necessary

Some incidents covered under your boat insurance policy, like theft and accidents, require the intervention of authorities like the policy. After calling your watercraft insurance provider, call the police if necessary. You might need to provide a police report of the incident as evidence for your claim to have it approved by the insurance.

3.  Photograph the Scene and Damage

If it’s an accident, take pictures of the scene and the damage to your vessel and other property. If the incident is theft and your vessel is missing, we at Advantage Service Insurance suggest that you take photos of where the boat was. Make sure that you take pictures from broad angles and also close-ups. Once you have the pictures, provide them to your insurance as part of your insurance claim.

4. Wait for Feedback Before Doing Any Repairs

After filing your claim, it’s critical that you wait for feedback from your insurer before doing any repairs. Your vessel insurer might need to physically the damage further before settling on the compensation amount. If the repair is time-sensitive, let the insurer know and request they let you do the repair.

If you need more info on boat/watercraft insurance in Erie, CO, contact Advantage Service Insurance today.

Umbrella insurance is one of those things that you may not think you need – until you really need it. This type of policy provides an extra layer of protection for your assets if you are sued for damages exceeding your regular insurance coverage. While umbrella insurance can be a great safeguard, there are some common pitfalls to avoid when purchasing a policy. Advantage Service Insurance in Erie, CO offers a few tips to avoid these.  

Common Pitfalls When Purchasing Umbrella Insurance

1. Don’t Assume Your Regular Insurance Will Cover Everything

Your regular homeowner’s or auto insurance policy likely has some liability coverage, but it may not be enough to protect all of your assets if you are sued. An umbrella policy can provide the extra coverage you need. In addition, certain types of incidents, such as defamation or false arrest, are not typically covered by regular insurance policies. An umbrella policy can protect you in these situations.

2. Don’t Wait Until It’s Too Late to Purchase Coverage

It will likely be too late if you wait until after an accident or incident to purchase an umbrella policy. No insurance company will provide coverage for claims that arise from events that took place before the policy was purchased. So, if you think you might need umbrella insurance, it’s best to purchase a policy before you actually need it.

3. Don’t Forget to Review Your Policy Periodically

Your needs may change over time, so it’s important to periodically review your umbrella insurance policy to make sure it still meets your needs. If you’ve acquired more assets or you’ve moved to a different state with different laws, you may need to adjust your coverage

If you think you might need umbrella insurance, Advantage Service Insurance in Erie, CO can help. Give us a call today to learn more about our policies and how we can help protect your assets.