Is Home Insurance Required in Colorado?

Whether you’re a first-time homeowner or a seasoned veteran, home insurance in Erie, CO is the best way to protect your life’s most valuable investment. The experts at Advantage Service Insurance are here to help if you need questions answered about the right home insurance policy for you. 

While there is no state law or mandate that requires Colorado homeowners to maintain a home insurance policy, most lenders do require it as part of the terms of the loan. If you have a mortgage and worked with a lender to secure a loan to purchase your home, they most likely require insurance. 

More than that, home insurance is one of the biggest common sense investments you can make as a homeowner. You pinched pennies and worked so hard to build savings for the down payment on the home of your dreams. Why wouldn’t you ensure that your investment is properly protected from anything that could happen?

The financial aspect of home insurance alone is reason enough to maintain a policy. Homeowner’s insurance coverage can save you from financial hardship or ruin in the event that your personal property is stolen, your home is damaged in a natural disaster or dangerous weather. 

We get our fair share of weather here in Erie, CO and investing in an insurance policy with substantial coverage to protect the home where your family lives is a no-brainer. Contact Advantage Service Insurance for guidance in selecting the plan that’s best for you. Our team of agents are well experienced in guiding families through the process with ease and providing the peace of mind that their personal belongings, property, and family are all safe when they do business with us. 

4 Reasons You Should Invest in Classic Car Insurance

Owning a classic car brings a sense of pride, joy, and memories. But whether you are purchasing your first classic car or you are a seasoned classic collector, you must invest in classic car insurance to protect your investment. 

But are you among those people that think classic car insurance is a waste of money? If yes, consider these reasons and invest in classic car insurance from Advantage Service Insurance in Erie, CO.

To protect the value of your car

If your standard car is totaled today, your insurer will compensate you with the actual cash value of your vehicle, which is usually the replacement cost minus the depreciation. However, when you purchase classic car insurance, you pre-agree with the insurer the value they will compensate you if your car is totaled or stolen. 

To protect you against liabilities

If you are at fault for an auto accident, liability claims can be costly. You could face bodily injury and property damage claims that can be expensive. Worse yet, if you are sued, the claims are likely to put your assets at stake. 

Luckily, you don’t have to worry too much about third-party liabilities if you have classic car insurance.

To bail you out in emergencies

If your collector’s car stalls miles away from home, classic car insurance provides flatbed towing and services like gas delivery, puncture repair, and battery jump-start — all these to ensure you aren’t stranded when your ride misbehaves.

It’s affordable

If you think investing in classic car insurance is a costly affair, you’re mistaken. Since you don’t drive your car every day, the risks are minimal compared to your standard vehicle. As such, classic car insurance is significantly lower than typical car insurance, helping you protect your prized investment at a considerable cost.

Are you looking for classic car insurance in Erie, CO? Don’t look beyond Advantage Service Insurance. Our personalized coverage lets you live in the past as we protect your vehicle for the future. 

What Erie, CO vacationers should consider when buying motorhome insurance

A motorhome offers freedom to explore the open road. A personalized insurance plan keeps you rolling along.

Motorhome and RV insurance can vary greatly. You’ll want a policy that best meets your needs.

Advantage Service Insurance can help. Serving Erie, CO, their trained professionals encourage you to consider three factors before buying a policy.

Damage protection

Accidents happen. If it does, collision insurance has you covered. Most policies include this, no matter who’s at fault. But, consider comprehensive coverage also. This safeguards against any damage that’s not the result of a collision, including national disasters and falling objects. Liability coverage alone isn’t typically enough. Ask your agent for a list of what’s protected. 

Personal protection

Motorhome insurance isn’t just about guarding your ride. It also extends protection to the people inside. Liability shields against any bodily injuries suffered by you or others during an accident in which you are determined to be at fault. Medical policies go even further, paying for healthcare expenses if someone is hurt. Both of these types may be required by law, so choose a policy that has the appropriate coverage. For additional assurance, select a personal property plan. This protects your belongings if they are stolen, damaged, or destroyed while in your motorhome.

Roadside assistance

Unfortunately, more time on the road means an increased chance of a breakdown. Not only is getting stranded stressful but towing can be costly too. Roadside assistance is a helpful option, especially on long road trips. Most coverage plans will also provide locksmith services or even help fix a flat.

Contact an agent serving Erie, CO

Although this covers the basics, there will be other factors you’ll want to consider. Advantage Service Insurance will assess your needs, give advice, and create a plan to keep you and your family on the road.

Colorado RV Insurance: How to Avoid a Breakdown on the Road

When you get an RV in Colorado, you do so with the thrill of adventure and exciting journeys on your mind. You also probably worry about the many potential problems along the way. Of course Colorado RV insurance will help alleviate some of those worries. That may not always help you when you have a breakdown on the road.

At Advantage Service Insurance, we want Erie, CO to be ready for every potential concern. Before you hit the road, make sure you take the steps to avoid a breakdown and potential collision.

Check Your Tires

Your tires are one of the first things you should check when you are heading out for a long journey. RV tires especially are more susceptible to problems such as rotting or cracks. This is because they sit unused for long months at a time.

Get your tires checked by a professional RV mechanic before you go on the road and take care of that potential danger early.

Check Your Batteries

Batteries are an important thing to check when you are going anywhere for an extended journey. When your RV has been unused and resting for months, have the battery tested before it’s too late. Unused batteries can easily get sulfated and not get you any further than the parking lot down the street. 

Get your batteries charged and tested before you go for your trip.

Have Your Cooling System Checked

Your cooling system is going to do a little extra work when you are traveling in the summer months. The last thing you want is a breakdown in the mountains or the desert, and you wind up with a problem that lasts for weeks. RVing is fun until that happens. 

Get your cooling system checked, and you won’t have this worry on your mind.

Get Roadside Assistance

Before you go on your trip, consider adding Roadside Assistance and special towing add-ons and riders to your RV insurance policy in Colorado. At Advantage Service Insurance, we want Erie, CO residents to be prepared for every potential problem. Call us for a quote to update your policy today.

Most Common Motorcycle Insurance Claims in Colorado

When you have been in motorcycle accident in Erie, CO, your motorcycle insurance will protect you from financial losses if you have the right coverage. In Colorado, you need liability insurance for bodily injury to other parties in an accident, and you will also need some property damage coverage.

At Advantage Service Insurance, we know that motorcycle riders in Colorado might need more coverage because motorcycle accidents are disastrous and change lives. We know what the most common claims are, and what you need coverage for.

Left Turn Crashes

A left turn crash is among the most common motorcycle accidents in Colorado. This may be because another driver did not check their timing, or it may be that you weren’t looking when you turned.

This crash will cause damage to your property and also potentially some bodily injury damages. These might be minor claims, or they could be life-altering.

Lane Switching

Lane switching is something we all learn when we are learning to drive, but a motorcycle that does so at the wrong time could wind up in a tragic accident. 

Worse, a car that does so at the wrong time could result in a motorcycle accident. We see it all the time, as motorcyclists are often obstructed from the view of the oncoming vehicle.

Even if you are not at-fault in this accident, you will still be making property and medical claims through your motorcycle insurance.

Head-On Collisions

Head-on collisions with a motorcycle are often fatal, and miracles when they aren’t. This will lead to wrongful death claims, property damage claims, and medical expenses. Many studies show that it is often the driver of a vehicle that causes these crashes over the motorcycle rider.

Colorado is an at-fault state but follows modified comparative negligence rules on the road, and that means that you may still be partially responsible for some costs of these accidents. 

Get a Quote

These are only a few of the most common problems on Erie, CO roads for motorcycle riders today. Call Advantage Service Insurance for a quote today, so that you are covered for every possible motorcycle insurance claim.

An In-Depth Look At Boat Insurance

Advantage Service Insurance serves the Erie, CO community, as well as the surrounding areas. We are an independent insurance agency. Our independent status allows us to work with multiple carriers throughout Colorado in order to help our clients. We strive to make sure that our clients find the coverage they need to live comfortably.

Boat Insurance Overview

Erie, CO is home to many waterways and fun water activities, especially during the Summer. If you are one of the many water enthusiasts in the area, boat insurance can help you stay safe. The policy covers you if your boat collides with another object or injures someone. If you are held responsible for the accident, liability coverage will protect you.

Boat insurance covers multiple types of boats, including yachts, sailboats, jet boats, and watercraft. If you opt for full coverage, your boat will be covered if it is vandalized or damaged due to severe weather. All of your accessories on the boat are covered if they are stolen or suffer damage. However, if you have luxury accessories on your boat, you’ll need extra coverage to fully protect those items if something goes wrong. Consider taking inventory of your boat accessories so that you’ll be aware of their true value. You can also add mechanical breakdown coverage to your policy. This helps cover your boat’s repairs if it suffers engine failure.

While researching coverage, be aware of your policy’s navigational limits. Your policy will outline the designated areas where you are allowed to operate your boat and maintain full coverage. If you go outside the navigational area, you are not protected if something happens. During months when you aren’t using your boat, layup coverage protects it if a disaster occurs.

Advantage Service Insurance Will Help You Protect Your Assets

Visit our website to learn more information about boat insurance.  

Is Toy Insurance Required in Ohio?

If you live in Cincinnati, OH, you must have in mind fun places to explore. And to do that, instead of hiking or biking, you want to go a notch higher and buy an ATV or a side-by-side vehicle like a Talon to help you navigate the narrow trails and tricky off-road paths. 

While it’s exciting to harness the potential that Mother Nature has given to us, it’s vital to protect your prized toy with toy insurance from Advantage Insurance Network. Without toy insurance, you will be in for a rude shock if you are involved in an accident. But before getting far, let’s understand toy insurance a little more.

Is toy insurance mandatory?

If you use your toy on open roads, Ohio requires you to carry toy insurance with specified minimum liability coverage. Besides, if your toy is loan-financed, your lender may require you to purchase toy insurance until you pay off the loan facility.

However, whether toy insurance is mandatory or not, you need this insurance to protect you and your investment.

What toy insurance options do I have?

If you obtain a recreational toy, below are the insurance options to consider:

  • Liability coverage: If you cause an accident and cause bodily injury or damages to other people’s property, toy insurance covers damages and medical expenses. Additionally, toy insurance pays for legal costs in case the aggravated parties sue you.
  • Collision coverage: Protects your toy when involved in an accident.
  • Comprehensive coverage: Protects your toy against non-collision perils like theft, fire, vandalism, hail, windstorms, and other dangers. 
  • Uninsured/underinsured motorist: If you are involved in a hit-and-run incident or crash with a motorist with little or no insurance, this coverage covers unpaid damages and medical costs.

Do you want to purchase toy insurance? Please contact Advantage Insurance Network of Cincinnati, OH, for a customized plan.

Why Workers Comp Insurance Is An Asset For Cincinnati, OH Businesses

While Ohio State requires businesses to carry workers’ comp insurance, that isn’t the only reason Cincinnati, OH businesses should carry commercial insurance. Unfortunately, many business owners view workers’ comp insurance as just another expense. This trend is regrettable because workers comp insurance is an asset in the following ways.

Protects your employees

You will agree that employees are the most valuable assets in your organization. In light of this, they deserve utmost protection with workers’ comp insurance. Otherwise, your business will suffer productivity loss and massive financial losses for covering injured employees’ medical costs.

Besides, workers’ comp insurance covers your employees in the following ways: It pays for:

  • Final expenses
  • Partial loss of income
  • Compensation for permanent injuries

Workers’ compensation insurance assures your workers that they are safe regardless of what happens. This assurance gives them peace of mind and a sense of safety, improving their productivity and commitment. As a result, your business reaps benefits in the bottom line.

Protects your business

When you purchase workers’ comp insurance from Advantage Insurance Network, it saves your business substantial financial costs. Your business saves on medical and legal costs that emanate from work-related injuries. With workers’ comp insurance, the organization doesn’t have to bear the financial burden of mishaps likely to befall your employees.

Workers’ compensation insurance in Cincinnati, OH

Accidents and injuries are bound to happen in the place of work, despite your best safety efforts. If any of your workers sustain work-related injuries, you could be facing massive medical costs and legal claims. Would you want that for your business?

As a responsible Cincinnati, OH business owner, you need to purchase commercial insurance from Advantage Insurance Network. This way, you will not only comply with the law but protect your most valuable assets — the employees. Contact us today for a quote.

When is it advantageous to have umbrella insurance?

Liability risk is something that all people in the Erie, CO area should take seriously. Proper liability coverage can offset a wide range of risks and provide you with peace of mind. You can ensure that you are offsetting your liability risk by getting an umbrella insurance plan. There are several situations in which having this type of coverage will be advantageous for those that are in the state of Colorado. 

When Involved in Major Accident

When you are glad that you have an umbrella insurance plan, you are involved in a major accident. Most people will have liability protection through their auto or home insurance plans. While this coverage can protect against the vast majority of liability claims, there is a chance that damages could exceed your limits. An umbrella insurance plan is helpful in these situations as it will provide coverage for claims over your other policies. 

When Claims for Uncovered Situations

There is also a chance that you could be named in a liability claim for situations that are not typically covered by home or auto insurance plans. If this is the case for you, having an umbrella insurance plan will be helpful as it will ensure you have some liability insurance coverage to mitigate this risk.

There are many advantages of having an umbrella insurance plan in the Erie, CO area. If you would like to get this type of insurance coverage, it would be helpful to call Advantage Service Insurance. The team with Advantage Service Insurance knows how valuable this insurance coverage can be. They can offer the support needed better to understand the benefits of umbrella coverage and guidelines to follow when choosing a new policy. 

Flood insurance Q&A

Flood insurance has become an issue of concern to many homeowners in Erie, CO. There are many issues they do not know surrounding this vital policy that some have and others want to buy. Advantage Service Insurance has highlighted some questions and respective answers that families in this region have been asking.

Do I Need Flood Insurance?

This is a question that is usually asked by a vast number of people because they do not see the need for flood insurance because their region does not flood. However, your region may not be classified as a flood risk by the national flood agency, but it is always necessary to take caution and buy flood insurance. Where it rains, there is always a risk of excess rain, which can lead to flooding.

Do I Need Flood Insurance If a Rent?

Those renting properties feel that they do not need flood insurance because the homeowner’s association has everything covered. However, the homeowner’s association only covers the structure and the exterior walls. This means this policy does not cover the properties inside the house. Therefore, it is necessary to have flood insurance to cater for the damages to personal properties.

What Are My Flood Insurance Options?

You can buy your flood insurance policy from the National Flood Insurance Program, which the federal government offers and manages. However, there are many private insurance companies offering flood insurance. You have an option to compare between several companies and choose the entity that gives you several benefits at the lowest cost possible.

Advantage Service Insurance classifies Erie, CO as a flood risk city in the state. This is consistent with the flood map as shown by FEMA. Therefore, if you own a house or have rented a property in this area, you need to get flood insurance to be on the safe side. Contact us today for more information.