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CO Insurance Specialist

6990 W. 38th Ave. #200
Wheat Ridge, CO 80033

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What Does Classic Car Insurance Cover?

You have invested a ton of money in your absolutely gorgeous classic car or track, and you now want to protect it from all sorts of scenarios. The best way to do that is through having the proper classic car insurance in place in the experts at the CO Insurance Specialist in Wheat Ridge, CO can help you do just that

Coverage of Classic Cars

First of all, in the state of Colorado, your car must be at least 25 years or older to be considered a classic. Normally classic cars must be distinctive which means they must be a vintage vehicle, an exotic or luxury one, a muscle car, a vintage military vehicle, or the beloved hot rod. If your vehicle falls into one of these areas and classifies as a classic car, you will want to make sure that you have classic car insurance in place.

When it comes to basic insurance, you must have at least liability insurance in the minimum amount that is required by the state of Colorado to protect others in the event there is an accident when you are driving your classic vehicle on a public roadway. This should not happen very often since classic cars are not meant to be driven for everyday use. You could, however, be driving to her from a classic car show, parade, or another event, so you’ll still need to have this type of insurance in place.

You also want to have full coverage on your classic vehicle since it is an actual investment, more so than a regular car. This is due to the fact that classic cars actually increase in value as time goes by whereas other vehicles depreciate pretty much right after you drive them off the car lot. Your insurance agent that understands classic car insurance will be able to determine the amount you need to have since it is based on the agreed value of your vehicle versus the actual cash value like with regular car insurance

To decide upon the amount and type of classic car insurance you need for your vehicle, contact the experienced and trusted classic car insurance agents at the CO Insurance Specialist in Wheat Ridge, CO today to get your policy started immediately.

Tips for first time auto insurance buyers

Whether you are buying your first car or looking to move off your parents’ auto insurance policy, you might feel overwhelmed by the information around you. Myths and misunderstandings are pretty common in the car insurance industry, and if you’re not careful, you may end up making the wrong insurance decisions. To get you started in the right direction, here are tips to guide your purchase.

Do your homework 

Part of your insurance buying process is simplified by the amount of research you do on your own. Apart from familiarizing yourself with the car insurance jargon, you also learn essential components of your policy, such as the state’s minimum car insurance requirements. Most states, including Wheat Ridge, CO  require that drivers carry minimum liability insurance to protect themselves and other road users. 

Assess your car insurance needs

Every driver has different needs, hence different insurance rates. If you intend to use your vehicle for an everyday commute, you may want to look at other auto insurance coverages and determine which ones to buy. Insurance companies like CO Insurance Specialist have various optional coverages for policyholders who need extra coverage. Check if you need to enroll on a driving course to improve your skills and keep a clean record and where you will be storing the vehicle.

Shop around

Shopping around means comparing quotes from different insurance companies before settling to buy. Don’t be deceived that insurers offer the same or roughly the same coverages and premium rates. Every insurance company in Wheat Ridge CO has its own way of calculating insurance rates. They also have different terms and discounts for their customers.  Just make sure that your ideal insurance company has all your interests at heart, especially when it comes to premiums payment terms.

Auto insurance is less complicated once you are familiar with the process. If you feel you need help going through the insurance buying process, contact any CO Insurance Specialist for assistance.

How Does Classic Car Insurance Work?

If you have an antique or classic car that is at least 25 years old in Wheat Ridge, CO, it’s time you start considering classic car insurance. While similar to traditional car insurance, classic car insurance provides unique, specialized coverage specifically tailored to the needs of your classic car.

What makes Classic Car Insurance different than regular insurance?

One of the vital services that classic car insurance offers that regular insurance doesn’t is an agreed value coverage. Insurers think of your classic car as more of an art piece than a vehicle. An agreed value coverage means that you and your insurer both decide on your classic car’s value based on an appraisal instead of similar models and repair costs.

Another difference is that classic cars don’t depreciate like traditional vehicles.  Therefore, the maximum payout of an agreed value won’t decrease over time.

More Benefits with Classic Car Insurance

Companies that offer classic car insurance have agents that know all the ins and outs of your classic car, providing you with better knowledge of your personal needs as a classic car owner.

Increased Replacement Cost

Many classic cars increase in value over time. So, if your classic car’s value does increase, classic car coverage will pay the difference.

Roadside Assistance

Classic car insurance guarantees transportation on a flatbed truck to reduce the risk of further wear and tear.

No Attendance Required

If something were to happen to your car at a car show without you, it would still be covered.

Spare Parts

Classic car insurance covers damaged or stolen parts.

Cash settlement

If your classic car is stolen or totaled, classic car insurance allows you to accept a cash reimbursement without requiring you to repair your car.

Reach out to a CO Insurance Specialist about your classic car today!

Benefits of Getting Auto Insurance

Car owners in Wheat Ridge, CO, are legally required to carry auto insurance. This is because it has various benefits for both the driver and any third party that may be involved in the accident. With auto insurance, you do not have to worry about financial loss after an accident, as you are protected. As discussed below, CO Insurance Specialist takes you through some key benefits of auto insurance.

Financial Security

If you have been involved in an accident and caused injuries or property damage to a third party, you automatically become responsible for medical bills and repair costs. If you lack auto insurance, then you have to pay out-of-pocket, which sets you back financially. In addition, if the harmed party decides to sue, you may also have to compensate them. However, with auto insurance, you do not have to worry about your finances as your insurance company covers any arising costs depending on your policy.

In Compliance With the Law

Drivers in Colorado are not allowed on the road if they lack insurance. Therefore, if you fail to get coverage, you risk being fined or your driving license being revoked. Auto insurance helps you avoid such inconveniences in the first place as you are in compliance with legal requirements.

Makes Lending Easier

Most car lenders prefer their borrowers to have auto insurance because it guarantees that their investment is protected if an accident occurs. Other financing agents have reservations about signing off on a car loan if you lack insurance. On the other hand, people carrying insurance have an easy time with a high chance of getting a car from a lender.

Peace of Mind

An accident can happen at any time. However, knowing that if anything happens, you do not have to worry about significant repair costs or medical bills, you will have peace of mind.  

To enjoy the benefits of auto insurance, contact CO Insurance Specialist. We serve Wheat Ridge, CO car owners, ensuring they pick the right policy to protect their cars.

Is Condo Insurance Required in Colorado?

No. Condominium insurance is not a compulsory requirement by Colorado’s law. But it may be important on many occasions. For instance, the homeowner’s association (HOA) in your local jurisdiction may require it, or your lender may need it if you’re still servicing your home equity loan or mortgage.

The condo or HO6 insurance gets made to fulfill the distinct needs of a condominium. It offers a cost policy that often works in tandem with the homeowner’s association policy to provide full coverage. The dues you pay to the HOA cater to the condo’s maintenance cost and its common areas under the master insurance policy of the condo.

But the condo insurance is still valuable because it can help you when you lose your personal property or find yourself on the wrong side of some personal liability suit. As such, this low-cost coverage is still vital to a condo owner. 

What Does a Condo Insurance Policy Cover?

A condominium insurance cover can provide some protection to walls-in coverage of the condo. Here are three other areas that the coverage protects.

Personal Liability Insurance

The condo insurance covers the condo owner, pets, and children if they cause physical harm or property damage to a third party. In addition, the cover can take care of damages in court cases and legal fees.

Condo contents cover

The condo insurance cover can take care of your belongings’ replacement and repair costs that get damaged or lost in incidents that get covered explicitly in your policy.

Loss of Use Insurance

Suppose you can’t continue living in your condominium because of a natural disaster such as a windstorm or tornado. In that case, the condo insurance can cover your temporary housing and any other expenses that may arise while you’re out of your condo.

Get a Condo Insurance Policy Today from a CO Insurance Specialist

If you’re in Wheat Ridge, CO, you should visit the CO Insurance Specialist to get your condo insurance cover. At CO Insurance Specialist, we provide condo insurance policies to all Wheat Ridge, CO, residents. Check out our website to learn more.

Types of Coverage for Classic Car Insurance in Colorado

When you are driving a classic car in Colorado, you need specialized auto insurance. Classic car insurance is a little different from standard car insurance and offers coverage as unique as your vehicle. 

At CO Insurance Specialist, we want Wheat Ridge, CO residents to enjoy their classic cars, without worrying about whether they are protected. We can help you get the specific types of coverage that your classic car needs.

Types of Classic Cars Covered

Classic car insurance is unlike any other auto insurance because your car is unlike any other car. We can only offer classic car insurance on specific vehicles. That includes an antique car that is at least 25 years old, exotic and luxury vehicles, classic trucks, hot rods, and modified vehicles.

This list is not complete, there are many other kinds of antique or vintage vehicles that we can help you cover.

How to Qualify for Classic Car Insurance

There are a number of types of classic car insurance that you need to qualify for. A key stipulation in any classic car insurance policy is the limited use stipulation. You can not use your classic car for everyday use. You may also have a mileage limitation, and proof that you have the proper protection or garage for your vehicle. You may also be required to have another car that you use for everyday use.

Like any auto insurance, you must have a clean driving record or at least one that is free of a serious offense.

Types of Classic Car Insurance

The kinds of provisions that you will find in classic car insurance will be property damage and liability coverage for bodily injury or wrongful death. You’ll also have provisions that involve the value of the vehicle.

As every classic car is a classic, the book value of your vehicle is not available. You’ll need to work on an agreed value with your insurance provider. The agreed value is another area where classic car insurance varies from regular auto insurance. Most cars will depreciate in time, yours is likely to increase in value.

You may also get classic car insurance with flatbed towing protection. In the event that your car needs to be towed, you will need a specific kind of tow truck to tow your vehicle.

Get a Quote

This is just the beginning of the various kinds of classic car insurance available to Wheat Ridge, CO residents. Call CO Insurance Specialist for a quote today.

3 Auto Insurance Myths

Comprehending auto insurance can be challenging, especially for new drivers. However, when you partner with the right agent, navigating the car insurance landscape can be easy. Mastering the ins and outs of car insurance helps you understand whether you have enough insurance, what is covered, and what affects your insurance rate. 

However, with many misconceptions out there, making an informed decision can be difficult. The good news is that CO Insurance Specialist, serving Wheat Ridge, CO and the surrounding areas, is here to debunk common myths inherent in the car insurance world. 

The minimum required by your state is adequate

While it’s vital to observe the state-required minimum insurance coverage, in most instances, it doesn’t provide optimal coverage. Most states require you to carry liability coverages in your auto insurance, but this doesn’t give you all-around protection. 

To that end, you need to consider other auto insurance plans to pay for damages to your car, cover medical expenses in vehicular accidents, and bail you when your car stalls away from home. 

Personal auto insurance will cover your vehicle when used for commercial purposes

If you decide to use a personal vehicle to run business errands, your auto insurance won’t protect you from an accident. Driving a commercial-purpose vehicle has its unique risks that require coverage by commercial auto insurance.

The color of your vehicle affects your insurance rate

This popular misconception can’t be further from the truth. The color of your vehicle has no bearing on your vehicle insurance rate. Insurance companies look at the below factors when computing your auto insurance premium.

  • Driving record
  • Vehicle model
  • Credit rating
  • Gender, occupation, and age
  • Marital status
  • Zip code

Would you like to get more facts on auto insurance? With numerous auto insurance myths flying around, it’s good to work with a trusted insurance partner. Contact CO Insurance Specialist located in Wheat Ridge, CO, to get a better understanding of auto insurance.

Classic Car Insurance Can Help Protect Your Ride

For anyone who owns a classic car, getting the proper insurance policy is important. Unlike regular car coverage, classic car insurance protects a vehicle that’s not commonly seen today and could be very difficult to get parts for. These kinds of vehicles need more than just standard auto coverage, but if they’re being driven on public roads they also have to have the same basic types of coverage as more modern cars. If you’re in the Wheat Ridge, CO area and have a classic vehicle, you can get a policy from CO Insurance Specialist so you can have the type of coverage you really need.

Protecting your classic vehicle is a vital part of enjoying it, whether you’re driving it daily or only taking it to shows around the country. You may have spent a lot of time and effort making the car perfect, or maybe you bought it from someone with all the work already done. It doesn’t matter how you got your classic car looking so great, because either way, you need to protect it. Not only will the right policy add to your peace of mind, but it may also encourage you to drive and enjoy your classic vehicle more, knowing that it’s protected.

Reach out to us at CO Insurance Specialist today, if you’re in the Wheat Ridge, CO area and need classic car insurance. Our trained and dedicated agents are committed to helping you get the right kind of policy for your classic vehicle. Not only can that help you have more fun with your ride, but it can also help ensure that you feel better about the protection you have for a vehicle that means a lot to you. Standard insurance just won’t be enough, but the right policy is available for your needs.

Does your auto policy include roadside assistance?

Wheat Ridge, CO residents rely on CO Insurance Specialist for their insurance needs. If you are in the process of purchasing a new vehicle, or it is time to update your current policy, we are here to help. Auto insurance protects you and your family in the event of a loss, and it can also provide some useful benefits. 

Benefits of Roadside Assistance in Colorado

Colorado is an amazing place to live, but it does have quite a lot of roadside hazards! From breakdowns to run-ins with wildlife, roadside assistance in the state is a must-have! Weather can be unpredictable and at times dangerous, especially in mountain areas. There’s no reason to find yourself stranded by the side of the road when there is roadside assistance available with your auto insurance policy. If you run out of gas, encounter inclement weather, have a breakdown or hit a deer or other wildlife, you will enjoy having protection from your policy. 

In fact, there are a number of great features that a robust policy can provide. Yes, it’s important to have the proper level of protection from your policy while also enjoying the advantage of having features like roadside assistance, car rental coverage, and other similar benefits. Now is a great time to learn more about all the different types of auto insurance policies that are available to vehicle owners in our area. Why not find out more today?

We’re here to help you meet all of your auto insurance needs!

We love serving the Wheat Ridge, CO area and look forward to the opportunity to work with you too! Call or stop by the CO Insurance Specialist office today to learn more about the many auto insurance options that are available in our area.

What Does Classic Car Insurance Cover?

You have purchased a classic car and the next thing on your list should be obtaining the proper insurance policy to protect it. The classic car insurance agents at the CO Insurance Specialist in Wheat Ridge, CO understand the importance of providing you with the correct policy to cover the investment you have made in your beautiful classic car.

A classic car insurance policy includes a variety of different vehicles, including classic or antique cars and trucks, exotic vehicles, hot rods, muscle cars, vintage military vehicles, and certain luxury vehicles. While non-classic vehicles depreciate in value over time, classic, collectible, and vintage cars are different in the fact that their value actually increases the longer you own one. 

Classic car insurance covers a classic car’s value and does not take into consideration since a classic car does not depreciate like regular vehicles do since you do not drive it on any type of regular basis. This is due to the fact that as you restore a classic car, and it becomes even older and more classic, its value increases along with your insurance coverage amount.

Classic Car Coverage Options

Classic car insurance provides the usual auto liability coverage that you need when driving your vehicle on public roads since occasionally you will be driving it to or from a car show or other event. You should also obtain a comprehensive policy that will cover your classic car if it is damaged or destroyed by an act of vandalism, a fire, or a natural disaster. If your classic car is stolen, your classic car insurance policy will pay to replace the vehicle or provide you the amount of money the vehicle was worth at the time it was stolen.

Get a Quote!

To obtain a quote and make an appointment with an experienced classic car insurance agent, call upon the agents at the CO Insurance Specialist in Wheat Ridge, CO today!

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