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Do you often drive through Wheat Ridge, CO?

The professionals at CO Insurance Specialist can provide the auto coverage you need to drive with security and teach you why it is required by law.

Why do you need auto insurance in Colorado?

Auto insurance is mandatory in 48 out of 50 states and offers financial protection. If you cause an accident, you could be held responsible for all associated costs. This includes legal fees, the injured party’s medical costs, or their lost wages if they are unable to work. Liability coverage will help pay for these expenses.

When you purchase a car with a loan, the lender will require the purchaser to have insurance. Car loan lenders require collision coverage which pays for repairs to the vehicle if the policyholder is responsible for a crash.

Comprehensive coverage is also mandated to cover repairs or replace a vehicle if it is stolen or damaged by something other than a collision.

Gap insurance could also be required. This coverage pays the difference between what is owed on the vehicle loan and the amount their insurer would reimburse them if their car were totaled. This is important because most insurers will pay below what is owed on the loan.

Another good reason to have auto insurance is it protects the driver’s assets. Without this coverage, a driver could be financially responsible for any costs associated with the accident. This could mean paying all legal fees and damages. These expenses would have to be paid out of pocket without insurance coverage. If your home is mortgage-free, if you have a lofty savings or retirement account, or other assets, they could be at serious risk.

CO Insurance Specialist in Wheat Ridge, CO can answer any questions or provide a no-obligation quote. Contact our office today. 

There are many different types of insurance. There’s home insurance, health insurance, and auto insurance. There is also a specific type of insurance for classic cars outside of auto insurance. What is classic car insurance, and is classic car insurance right for you?

What is classic car insurance?

Classic car insurance is insurance that is meant for classic cars. Regular auto insurance is not suitable for classic cars because it takes into account the depreciation value and age of the vehicle over time. This means that your classic car would be next to worthless, according to regular auto insurance. This is when classic car insurance comes in. Classic car insurance coverage depends on what the insurance company and the car owner determine as its value. Classic car insurance has some of the same types of coverage as auto insurance, such as liability coverage and comprehensive and collision coverage. However, it also has more limitations and smaller premiums.

Is classic car insurance right for you?

If you have a car that is over a certain number of years old, usually a couple of decades or older, you might be better off with classic car insurance to get the proper amount for the value of your antique vehicle. There are some limitations, though. Regular driving requires a different car. You have to have a safe place to store your automobile, such as a garage, a storage unit, etc. Classic car insurance is right for you if you own one of these types of cars.

• Collectible cars that are 20 years or older
• Muscle cars or hotrods
• Exotic vehicles
• New ultra-luxury or high-performance cars

Contact Us

There are a variety of standards and limitations to qualify for classic car insurance, but if you qualify, there are some perks that are suited to your classic car. If you have a classic car, contact us at CO Insurance Specialist in Wheat Ridge, CO.

Do you live in or near Wheat Ridge, CO? If so, you live in one of the 48 states that require car insurance. A CO Insurance Specialist can provide the coverage you need to ensure you are within the law.

Car insurance will provide financial protection. You could be held responsible for associated costs if you are at fault. They may include legal fees, the injured party’s medical costs, or their lost income if they are unable to work because of the injury. The liability coverage helps pay for these expenses.

If caught driving without car insurance, you could be faced with a hefty fine or, in some cases, jail time. The government requires car insurance for the same reason it requires seat belts. Both protect drivers and passengers from disastrous scenarios.

If you are involved in a crash in which you are at fault, the driver and other passengers could sue you for 100% of their medical costs, loss of use, vehicle damage, and more. A bill of this size could be more than $100,000. Don’t put yourself at risk of financial devastation.

If you are hit by someone else, you will be glad the law requires car insurance. If an uninsured motorist hits you, it may take a very long time to get the money you are entitled to, if ever. While waiting for payment, you are responsible for medical payments, vehicle repairs, and other expenses.

Every driver needs liability insurance. Only some need collision and comprehensive coverage. Collision coverage helps cover the cost of replacing or repairing your car if you cause an accident or the other driver does not have enough insurance to cover the repairs. Comprehensive coverage will pay for damage resulting from vandalism, floods, theft, falling trees, deer, etc.

Don’t be caught driving without insurance. The risk is too significant. Contact a CO Insurance Specialist today for a quote.

Are you a classic car enthusiast? If so, is your investment protected with classic car insurance? The CO Insurance Specialist in Wheat Ridge, CO is the professional you can call for all your insurance needs, including classic car insurance.

Whether you paid a tidy sum to make it yours or rebuilt it from the ground up, your special hobby deserves to be protected with the best insurance coverage available.

While it seems to make sense that you can add your classic car to your existing car insurance policy, there are good reasons to have a policy specially tailored for your classic car.

A classic car policy will include typical vehicle coverage with collision, liability, and comprehensive coverage. But it will also cover you in other ways.

• When your policy is written, you and your insurance carrier agree on the car’s value based on the condition and market value of the vehicle. Therefore, you are compensated for the actual value with no depreciation included.
• You do not need to go to a repair shop designated by your insurance carrier. You can usually go to a restoration or repair shop of your choice.
• Some providers specializing in classic car coverage will search for parts that are hard to find, enabling you to have coverage for original replacement parts.
• Often, you may have the choice to drive whenever you want with no mileage restrictions.

Well-maintained classic cars hold their value and many times will appreciate in price. You want insurance that will recognize your vehicle’s true market value and provide the liability, comprehensive, and collision coverage that is needed.

The pros at CO Insurance Specialist serve the Wheat Ridge, CO area and are ready to answer all your questions. Contact our team today. You will be glad you did.

Even with a full coverage auto insurance policy, there are additional add-ons that you can purchase to make it the perfect fit for you. Talking with your independent insurance agent in Wheat Ridge, CO, you can count on CO Insurance Specialist to provide the necessary answers and products. 

A full auto coverage policy will include liability coverage, collision, and comprehensive coverage. These will protect your vehicle from accidents and other things that can damage it. But there are a few add-ons that you can supplement your policy with. 

Gap coverage

Buying a new car loses much of its value as soon as you leave the dealer. If you have put down a small down payment and have a large car loan, having gap coverage can keep you from owing money to your lender beyond what the insurance company pays you. 

Roadside assistance

When your car doesn’t start or gets a flat tire, it is nice to be able to call and have someone come and do the repair for you. The cost of this coverage is quite a lot less expensive than auto-club coverage. 

Rental car coverage

If your vehicle is damaged in an accident or another non-collision event, it may be in the repair shop for a while. While it is there, having a rental car is a big plus. To get a rental car, you need to have rental car coverage. 

Full glass coverage

If you have comprehensive insurance, you will have some glass coverage, but you will have to pay your deductible. If you have full glass coverage, you won’t have to pay a deductible, and you will be able to get your windshield easily repaired or replaced. 

Contact the CO Insurance Specialist of Wheat Ridge, CO when you are ready to update your auto insurance.