Does Motorhome/RV insurance cover my trailer?

Advantage Service Insurance, serving Erie, CO, wants you to understand your motorhome coverage and what it protects so you get no surprises if you need to file a claim.

A motorhome policy covers more than an actual RV. You might expect an RV policy to work as an auto policy, but it doesn’t. An auto policy covers your personal property inside the vehicle, but an RV policy also called a motorhome policy, does not. You need to add personal effects insurance to cover your personal property you transport in the vehicle.

You may not need an RV policy for your trailer you tow or a popup trailer because your auto insurance does cover it. You might want a policy, though, because your auto insurance won’t cover it fully. 

You also may have to carry a policy for it if you obtained a loan to purchase it. The same is true of any size RV. If you obtained a loan to purchase it, the bank typically requires an insurance policy.

A motorhome policy covers your recreational vehicle of any of the four major classes of a motorhome. It also covers the trailer or popup type of vehicle.

You also need to carefully discuss the level of coverage you want the policy to provide. Typically, the only way to obtain actual replacement value coverage is to insure a vehicle purchased within the past year and which you titled originally. If you purchased it from another source besides an RV dealership that sells new vehicles, you probably could not obtain replacement value coverage or total loss replacement.

Contact Advantage Service Insurance, serving Erie, CO, for more information on motorhome policies. Let us help you properly insure your rolling home.

Is RV Insurance Required in Colorado?

Liability insurance for RVs and camper vans is required in every state, with Colorado no exception to the rule. Given how large an RV is, it is hard to imagine that anyone would want to operate one without insurance; however, some believe that your traditional auto insurance will cover an RV, but that is not the case. Keep in mind that in addition to liability insurance, you will be required to underinsured and uninsured insurance coverage when you purchase an RV, are living in it full-time, or rent one for a vacation.

While RV policies can vary from one insurance company to another, the vast majority will cover items like collision, liability, and comprehensive. While not a complete list, here’s a breakdown of what is generally covered under each of those tenets:

  1. Collision: Covers the cost – up to your policy limit – of accidents with another vehicle or an object.

  2. Liability: Covers the cost – up to your policy limit – of property damage, bodily injury, and legal expense to third parties if you are deemed to be at fault in an accident.

  3. Comprehensive: Covers the cost – up to your policy limit – of damage to the RV because of a storm, natural disaster, vandalism, or theft.

In addition to these standard coverages, RV insurance policies can often be purchased with additional coverage like total loss replacement, vacation/campsite liability, and emergency expenses. 

Working with a professional insurance company will help you find the perfect policy for your needs. At Advantage Service Insurance in Erie, CO, we strive to provide exemplary service to every customer by putting your needs first, learning about what you want in your policy, and customizing one to precisely what you want. Give us a call to schedule your no-obligation consultation today. 

How to Prevent Motorcycle Damage in Erie, CO

Preventing motorcycle damage starts with understanding the nature of your bike. If you live in Erie, CO and drive a motorcycle, you’re subjected to more threats than an average driver. Not only are you more challenging to see, but the bike itself is far more prone to everything from theft to accidental damage. Advantage Service Insurance wants you to have a few tips in your arsenal to keep your motorcycle in tip-top shape. 

Be Careful 

The point of a motorcycle is not to play it safe, but the reality is that you may have to slow it down once in a while. If cars can’t always see you, then you need to be careful about sharing a lane with them — even for only a few seconds. Try not to get too close to parked cars in case someone opens their door into you and never go between active traffic. The risks are too high to justify this dangerous move. 

Be Diligent 

Maintenance is all about keeping your vehicle functional on the road. The more repairs you get done, the less likely you are to need to call an emergency ride in the middle of the night. It would be best if you also were careful about when and how you drive. You already know not to drink and drive, but you also need to be aware of when you’re tired or just generally less aware of your surroundings. 

Part of preventing motorcycle damage is having the right motorcycle insurance policy. This way, you can get repairs done quickly before they turn into more significant problems down the line. Advantage Service Insurance is here to show you the kinds of motorcycle insurance that can keep you and your vehicle out of trouble in Erie, CO, so call us today. 

Things To Consider When Selecting Boat Insurance

Boat insurance is the coverage of damage or loss in most types of watercraft, including paddle boats, fishing boats, yachts, leisure crafts, and pontoon boats. If you are a watercraft owner and you are thinking of buying boat insurance, here are several things that you need to take into consideration: 

The Use Of The Boat

The way you are going to use your boat will affect your insurance. Therefore, when choosing boat insurance, here are some questions you should ask yourself: how often am I going to use my boat? Will I have passengers regularly? Will my boat travel at high speeds? The answers to these questions will help you understand what kind of coverage you need. 

Actual Cash Value Or Agreed Value

If your watercraft is insured for agreed value, you will receive the amount on your plan, without depreciation. If the boat is insured for agreed cash value, the insurance company will pay you the "blue book" value of your watercraft and any damaged parts of the boat at the time of the loss. The policies with agreed value are more expensive but provide better compensation, especially if your boat is not new and has many accessories. 

Boat Type

For example, if you have a yacht, it is recommended to find an insurance company that specializes in insuring this type of watercraft. Also, if your boat is new and expensive, it is vital to make sure that you get adequate coverage for your luxury possession. Talk to an insurance agent and make sure that the company is able to provide the best possible premium for your type of boat. 

If you are a boat owner from Erie, CO, and you are looking for an insurance company to get coverage for your watercraft, Advantage Service Insurance is ready to help and guide you through the process of getting a perfect insurance policy for your boat based on your budget and needs. Do not hesitate to contact Advantage Service insurance serving Erie, CO to find out how you can protect your boat and yourself. 

Understanding Umbrella Coverage in Colorado

Colorado has a great deal to offer, and our residents make the absolute most out of those offerings with scenic neighborhoods, beautiful homes, and the space to play with our toys in the great outdoors.  Owing to the world’s uncertainties, however, you want to make sure that all the things you have are protected, and where the importance of umbrella policy coverage becomes essential.  For Erie, CO residents looking for the most comprehensive insurance policy possible, we invite you to come to speak to our trusted agents at Advantage Service Insurance.

Learning about Umbrella Insurance in Colorado

What is umbrella insurance?  As its name implies, the purpose of umbrella coverage is to provide protection when your typical insurance policies bump up against maximum payout maximum.  As an example, assume you were in an auto accident where you were found at fault.  While your existing insurance provides coverage up to $250,000, the resultant damage and medical costs have racked up $640,000 in bills.   

Under this scenario, you would be on the hook to pay an additional $390,000 to cover the total liability of the accident.  This is when umbrella insurance becomes critical.  In the above scenario, your umbrella coverage picks up where auto insurance policy stops at the $250,000 amount.

Providing additional protection for bodily injury, property damage, and charges of negligence, in short, the purpose of umbrella coverage is to protect you from being financially wiped out in the event of a lawsuit.

Contact Advantage Service Insurance in Erie, CO

If you have questions regarding your overall insurance picture and wonder how a Colorado umbrella policy will provide protection should the worse occur, we invite you to talk to our friendly staff here at Advantage Service Insurance. We have the answers you need to make an informed decision regarding your overall insurance picture.

Do I need to buy flood insurance even if I don’t live in flood zone area?

Colorado is not new to harsh weather, particularly floods. Residents in Erie, CO, and other parts of the country are required to buy flood insurance to protect them from financial losses caused by floods. Advantage Service Insurance recommends inquiring about the level of risk from the National Flood Insurance Program (NFIP).

Who should buy flood insurance? 

The question of whether you should buy insurance or not heavily depends on two things:

  • Whether your home is bought through mortgage and you live in a high-risk flood zone. In this case, your lender will require you to purchase flood insurance.
  • If you live in a flood zone area or NFIP has marked your area as high risk or if your zone is marked D because it hasn’t been mapped yet and therefore not clearly known if it is high risk or not.

Natural disasters do not always cause floods.

Always keep in mind that flooding can come from anywhere, including your neighbor’s overflowing creek. Therefore, whether you have the option of buying it or not, the most important thing is to ensure that you are mentally, physically, and financially prepared to handle any water damage in your home.

What you should know about flood insurance

It only covers damages caused by water that fell from the sky and entered your home and compound. That means that damage caused by your tap can only be covered under home insurance. However, if the same rain caused the creek in your neighborhood to overflow and run into your home, flood insurance can cover the damages.

Floods are natural disasters that can wreak havoc in a matter of minutes—assessing and understanding what to do plays a significant role in recovering and getting things back to normalcy. If you still need advice on flood insurance, Advantage Service Insurance is here to help. Visit our Erie, CO offices, and we will help with all the information you need.

Tips for new condo insurance holders

Living in a condo comes with several benefits. You don’t need to worry about buying coverage for the entire building and its components. However, many condo owners are never sure about how much coverage they need to buy to protect both personal belongings as well as their loved ones. At Advantage Service Insurance serving Boulder and Erie, CO, we recommend understanding the policy before making any purchase. If it is your first time buying condo insurance, here are a few tips to help you get it right.

A little research won’t hurt

Before you begin your shopping, you may need to understand the different terms used in the condo insurance industry. This way, you stay ahead of your insurance company. Learn the ins and outs of the coverage options offered and their requirements.

Shop around for the best deals

Insurance companies have different quotes, regulations, and techniques when calculating your condo insurance policy. Checking with a few of them to compare prices and coverages helps you get the most out of your insurance. Consider asking various questions and see how the agents respond to them. This will guide you on which companies to trust and which ones to drop.

Cheap is expensive

When it comes to condo insurance, it is essential to understand that cheap is expensive. Don’t go for the most affordable option in town. Cheaper policies are problematic as they lack crucial coverages. You may end up digging in your pockets to finance repairs and replacements in case of damage in your condo. If you have valuable or priceless items in your condo, like jewelry or artwork, you may need to buy extra coverage for them because your standard condo insurance may not be adequate to cover them entirely.

Condo insurance, like home insurance, is an essential way of organizing your finances. Condo insurance protects you, your loved ones, and your belongings from perils. Secure what is important to you with condo insurance, and our team at Advantage Service Insurance in  Erie, CO will be happy to assist you.

Business Owners: Commercial Insurance With Your Success

Successful leaders of businesses are known to have a lengthy list of excellent contacts. Those leaders are probably good at building relationships that help with company growth and additional success. Strong leadership is also a nice way to find outstanding employees and create an impressive reputation for excellent customer service. Good communication also helps with promotions for a company’s products or services. Successful growth with the expansions can be a good reason to celebrate for the business leaders. With this success, businesses may consider their current coverages for commercial insurance. Serving Erie, CO, Advantage Service Insurance is experienced working with successful business leaders and helping with any requests for commercial insurance.

Our insurance company is available to discuss everything from expansions of your business to employee hiring. Business property insurance is also smart to consider for a company with proper planning for any product storage or placements of business assets. Commercial insurance for your success is useful for planning, and this can be helpful for new start-ups or expansion efforts. Rental payment insurance could be an additional consideration with any additional business locations and lease agreements. Our qualified staff can walk business leaders through coverages for workman’s compensation and commercial umbrella insurance.  

Healthy relationships are an excellent way to build businesses with company growth as a smart focus. Having useful business contacts is an intelligent approach to being successful as a company. Commercial insurance can include general liability coverage for companies providing products, services, or possibly both. You can contact our insurance agency for more information. Successful businesses are strong in Erie, CO and Advantage Service Insurance has a trained staff ready to answer any questions you may have about commercial insurance. Visit our agency by e-mail or call our office for customized quotes.