FREQUENTLY ASKED INSURANCE QUESTIONS

Q: Why is it better to buy insurance through an agent rather than online?

Answer:
An independent insurance agent provides personalized advice and helps you select coverage that fits your specific needs. While online quote platforms can provide estimates, they may not always present the full picture.

Benefits of working with an independent agent include:

• Personalized insurance recommendations
• Guidance on coverage options and limits
• Assistance identifying potential coverage gaps
• Access to multiple insurance companies
• Support with policy changes and claims

Our team shops multiple carriers on your behalf to help you find competitive rates and appropriate coverage for your situation.

---

Q: Why is my insurance rate different from someone else who drives the same car?

Answer:
Insurance rates are customized for each individual driver. Insurance companies evaluate several factors when calculating premiums, including:

• Driving history
• Claims history
• Location and ZIP code
• Credit history where permitted
• Vehicle type and usage
• Coverage selections and deductibles

Because these factors vary from person to person, two drivers with the same vehicle may receive different insurance rates.

---

Q: What is an insurance score?

Answer:
An insurance score is a rating used by many insurance companies to help assess risk and determine premiums. It is based on information from your credit history and other underwriting factors.

A stronger insurance score may help you qualify for lower insurance rates, while a lower score may result in higher premiums.

Insurance companies may also consider factors such as:

• Policy cancellation history
• Frequency of switching insurance carriers
• Payment history
• Claims activity

Maintaining a strong insurance score can help improve your eligibility for competitive pricing.

---

Q: Why do I need Comprehensive and Collision coverage if I have a loan on my vehicle?

Answer:
If your vehicle is financed, your lender typically requires Comprehensive and Collision coverage until the loan is fully paid off.

These coverages help protect the lender’s financial interest in the vehicle and can assist with repair or replacement costs if your vehicle is:

• Damaged in an accident
• Stolen
• Damaged by hail, fire, vandalism, or falling objects
• Declared a total loss

Without these coverages, you could be responsible for significant out-of-pocket expenses.

---

Q: What are the minimum liability limits in Colorado and what do they mean?

Answer:
Colorado law requires drivers to carry minimum liability coverage limits of:

• $25,000 Bodily Injury Liability per person
• $50,000 Bodily Injury Liability per accident
• $15,000 Property Damage Liability per accident

These limits help pay for damages and injuries you may cause to others in an accident.

For example:

• $25,000 Bodily Injury Liability is the maximum amount paid for injuries to one individual injured in an accident you cause.
• $50,000 is the total available bodily injury coverage for all injured parties in a single accident.
• $15,000 covers damage to another person’s vehicle or property.

Many drivers choose higher limits for added financial protection.

---

Q: Does homeowners insurance cover floods and earthquakes?

Answer:
Most standard homeowners insurance policies do not cover flood or earthquake damage. Separate policies or endorsements are generally required for these risks.

Our team can help review your property and determine whether additional coverage may be beneficial.

---

Q: What types of businesses need commercial insurance?

Answer:
Nearly every business can benefit from commercial insurance protection. Coverage needs vary depending on the industry, size of the business, number of employees, and operational risks.

Commercial insurance may include:

• General liability insurance
• Commercial property insurance
• Business Owner’s Policies (BOP)
• Commercial auto insurance
• Trucking and transportation insurance

We help business owners compare coverage options and build policies tailored to their operations.