There are 2 types of life insurance. Term life and Permanent life insurance.

  1. Term Life Insurance: The amount of coverage (death benefit) is set for a certain term (number of years) for a set premium (price).
  2. Permanent Life Insurance: These are called Whole life or Universal life policies. They are ideally designed to last the entire lifetime of the insured. Permanent insurance is more expensive than a term policy because it lasts longer and can build a cash value. Contact Denver Insurance for more information on the cash value aspect.

  • Life insurance gets more expensive as you get older because the chance of a person dying increases with age. For example, if you get term insurance now, the cost will be less than when you’re 50 years old.
  • Since Permanent life insurance is designed to last forever, the cost is more expensive than a Term life policy.
  • A Term life policy will be valid for a certain number of years (usually 20 or 30) while a Permanent life policy is designed to continue forever.

If a person is looking for insurance, essentially, to cover a mortgage or until their children are adults then a Term life policy is usually recommended. If a person wants life insurance coverage forever, then a Permanent life policy is usually recommended.

Some clients like to have both types of policies – a larger Term Insurance for short-term needs (like a mortgage) and a small Permanent life insurance policy so that they have something in place when the Term Insurance expires and they are older. The older you get, the more expensive the insurance costs and the harder it is to get life insurance because of medical reviews.

Life insurance is important for people of all ages but the options can be complicated. Denver Insurance is happy to help out any of our Colorado clients.

Simply put, an insurance score is different than a credit score but the usage is similar. Finance companies use your credit score to establish your interest rate for loans, credit cards and mortgages. Insurance companies use your insurance score to establish your insurance premium. Each insurance company uses their own algorithm to assign you an insurance score. The better your score, the better your insurance rate.

Data that makes up your insurance score includes: insurance history, length of time with previous insurance company, claims, tickets, elements of your credit report, current liability limits and many more. Even the insurance agents and underwriters aren’t told how the score is computed.

The data and weighted value of each criteria varies with each insurance company. For example, State Farm and Travelers Insurance will collect similar information but your score will likely vary with each company. This is where independent insurance agents have an advantage because we provide quotes from more than one insurance carrier. This gives you the best chance to get the lowest insurance rate. You can then easily breakdown and compare coverage. Aaaand you only have to make one call to an insurance agent to get multiple quotes.

Also an important note, your credit score is NOT pulled when you get an insurance quote or policy. The majority of the time, insurance companies don’t even require or know your social security number. Colorado insurance regulations do allow the use of your credit profile to help assign your insurance score.

Simple insurance quotes will save you time and money. Call Denver Insurance today for a free, no obligation quote.

An inventory is not required but it is a great idea! If anything happens, whether it be a fire, theft or tornado claim, an inventory will help you identify what was lost. An insurance claim is always a stressful event and a home inventory will improve the situation.

Look around the room that you are sitting in and think about all of the items that are around you. If there is a fire, all of those items are likely gone. You will be asked to list all of your belongings in the event of a claim. It will be much easier and stress-free for you if you have a home inventory.

Some people simply take pictures or video to store them on cloud software or outside of their home. Generally, your personal belongings add up to much more than you expect. Think about your jewelry, clothing, furniture, electronics and all of your belongings.

Luckily, one of our insurance partners, Safeco Insurance, offers a free home inventory app. AND the best part is that you don’t even need to be a Safeco client or Denver Insurance client. You can upload photos, receipts, serial numbers, purchase dates and more.

Download the free home inventory app now!

Insurance companies traditionally have exclusions on personal auto insurance that do not cover the driver if an accident happens while the vehicle is being used to transport people for fare. Since the introduction of Transportation Network Companies (TNC) like, Uber and Lyft, this has become widely talked about. As an insurance agent, we often get questions like:

  • “When does commercial use start and end?”
  • “What is actually covered?”
  • “Do I need special insurance for Lyft or Uber?”
  • “Will the insurance coverage be expensive?”
  • “Doesn’t my rideshare company provide insurance coverage?”

These are all very good questions and to answer them, we have to use technical terms. In simple terms, add an endorsement to your personal auto insurance. The cost is usually around $10 per month and offered by top rated insurance companies like Travelers and Safeco. This infographic provides a great visual of the different stages of a service like Uber and any potential gaps. Contact Denver Insurance LLC for more information or a free auto insurance quote.

Per Uber’s policy on 7/8/2016, Uber will provide comprehensive and collision coverage during a trip and the coverage is contingent, meaning you have to have comprehensive and collision coverage on your personal policy. Comprehensive and collision coverage is to replace or repair your vehicle. If your rideshare app is on but you don’t have a passenger, Uber could deny your claim because the accident didn’t happen during the ride. Your personal insurance company could deny your claim because you were driving commercially. This gap in coverage is highlighted in yellow above. Also, if you do not have comprehensive and collision coverage on your personal insurance policy then Uber could deny your claim, even if the accident happens during the ride.

Per Lyft’s latest insurance policy information online, Lyft will provide comprehensive and collision coverage, on a contingent basis, meaning that you have to have comprehensive and collision coverage on your personal policy. Lyft’s comprehensive and collision deductible is currently $2,500, according to their site. Comprehensive and collision coverage is to replace or repair your vehicle. Lyft now provides contingent liability coverage while you’re driver mode is on but no ride is accepted. Lyft still does not provide comprehensive or collision coverage while you’re in driver mode. If you want coverage to repair/replace your car while in driver mode then you will want to add a rideshare endorsement to our personal auto insurance policy. Again, the additional cost is approximately $10 per month.

Lyft and Uber services are great and definitely a needed mode of transportation! But the service might create a higher risk because they carry more passengers, drive in unfamiliar areas, make frequent stops on the road and violate more traffic laws to get to a fare.

Always check Uber, Lyft or any Transportation Network Company frequently to stay up-to-date with any changes on their insurance policy.

This Independence Day, as we celebrate our nation’s freedom, we honor the courageous men and women dedicated to preserving it. Please join us in saluting those who stand in service to America! Thank you, troops! – Denver Insurance LLC

Are you looking for coverage on your motorcycle? How much is Motorcycle Insurance? At Denver Insurance LLC, an insurance agent can help you with a free quote.

Denver Insurance LLC offers excellent rates through Safeco, Travelers, Progressive and other insurance carriers. Whether you have a Harley Davidson, Suzuki, Kawasaki, Yamaha, Honda or custom built motorcycle, we can insure it! You can even insure it on a stand-alone policy, which means that you don’t have to have other insurance policies with us. This can be a benefit if this is your only vehicle or your current insurance company doesn’t offer coverage for your bike.

 Photo by mihtiander/iStock / Getty Images Photo by mihtiander/iStock / Getty Images

Our insurance agency offers customized packages for your motorcycle insurance including: roadside assistance, coverage for personal property, custom equipment and accessories, diminishing deductible and total loss replacement.

You could qualify for discounts for anti-theft, motorcycle endorsement, years of experience, multi-policy, claim free, ticket free, garaging, motorcycle safety course and good driver. You will also have access to 24/7 claims service.

Feel free to contact us or 720-446-5566 to find the best motorcycle insurance coverage for your 2 wheeled cruiser. It doesn’t matter if you live in Denver or anywhere else in Colorado. We can help!

Every summer afternoon can be cringe worthy when the clouds roll in over the Denver Metro area. Colorado experienced the second most hail claims on homeowner’s insurance last year. This is a great article from our friends at the Denver Post about how to avoid roofing scams.

Here are some highlights from the How to Avoid Roofing Scams article:

  • Work with your Denver insurance agent to see what you have for options.
  • Use a local and reputable roofing contractor.
  • Ask for the roofing contractor’s license number. Check the license number with the city and county and with the Colorado Roofing Association.
  • Get at least 2 estimates from contractors. Denver Insurance LLC is happy to provide you with a list of roofing contractors that we’ve had good experience with in the past.
  • Install Class 4 hail resistant shingles, if possible. This could give you a discount on your house insurance. Contact your insurance agent for specific information.
  • Check #NoRoofScams and Follow us on Twitter or Facebook for updates.

Whether you live in Denver, Highlands Ranch, Centennial, Arvada, Aurora, Lakewood or Castle Rock you probably know about Colorado’s hail.

Call Denver Insurance at 720-446-5566 or email us with any questions about How to Avoid Roofing Scams.

HELPFUL 5TH WHEEL INSURANCE STRATEGY: Do you need to insure your RV, camper, travel trailer or 5th wheel for the summer? It’s a common practice for people who live in Colorado to add their camper/5th wheel insurance insurance, and then remove their 5th wheel insurance to lower their insurance coverage during the winter months of the year. Our Denver Insurance Agents can help you with this process. Here’s how we can help you with a quick 5th wheel insurance quote and policy before you hit the road this summer.

 ROAM FREE COLORADO! We Insure your Adventure. ROAM FREE COLORADO! We Insure your Adventure.

Part of living in Colorado is being able to roam around and explore the expansive outdoor playground that makes up our Rocky Mountains. We are the local Colorado insurance company here to help you do that safely and with peace of mind. Denver Insurance LLC has excellent rates through Safeco, Travelers, Progressive and other insurance companies. We can insure your recreational vehicle as a stand-alone policy, which means that you don’t have to move all of your other insurance. This can be a benefit if you are in a time crunch or your current insurance company doesn’t offer coverage for your trailer hitch toys.

“Insure your Adventure with Denver Insurance!”

Our RV and 5th wheel insurance company offers customized packages for your motorhome including: roadside assistance, coverage for personal property, custom equipment, diminishing deductible, vacation liability and pet injury coverage. You can insure your motorhome for full total loss replacement, stated value, agreed value or market value.

You could also qualify for discounts for anti-theft, driver’s education, experience, multi-policy, claim free and good driver. You will also have access to 24/7 claims service.

This is all so you can explore Colorado freely without having to worry about loss if something were to happen. We are the independent and flexible insurance broker built for your Colorado lifestyle so you can explore our wonderful state.

When Colorado’s old man winter comes around we can help you plan for the snowy season as your priorities shift to ski season! Yeah we are ready for whatever Colorado has to offer.

Feel free to contact us or 720-446-5566 to find the best insurance coverage for your home on wheels. It doesn’t matter if you live in Denver or anywhere else in Colorado.

We can help you explore the great outdoors that Colorado has to offer! Get a free RV or 5th Wheel Insurance Quote by simply filling out the quick quote form below.

Quick Quote Internal Form

We don’t get the opportunity to grill everyday in Colorado. I came across this article with grilling advice and realized that I know nothing about meat on the grill. I particularly need to avoid so much direct heat and fiddling with the lid. It’s just so cool to see how the meat looks in the flames but apparently that’s a no-no.

 Take a look at this article orrrr you could just be like this clever person.  Take a look at this article orrrr you could just be like this clever person.

The best insurance advice when you’re on the grill:

  • Don’t leave your grill unattended.
  • Make sure you have adequate space between the grill and your home.
  • Make sure you turn off the propane when you’re done.
  • Put the matches, lighter fluid and lighters out of reach of children.

Good luck, Denver! As always, please contact us at 720-446-5566 or with any insurance questions. Stay safe and keep your house claim free.

Your homeowner’s insurance will provide a limited amount of jewelry coverage (jewelry insurance) in the event of a theft. Your $6,000 engagement ring could be covered for a value as low as $1,000 on your home policy.

The amount of jewelry insurance coverage will be listed on your actual home insurance policy booklet under Personal Property > Limits of Liability. Make sure you let your insurance agent know if you have valuable rings, earrings, watches, necklaces or bracelets.

Denver Insurance LLC generally recommends insuring your jewelry on a separate policy from your homeowner’s insurance. A Personal Articles Policy will insure your valuables for everything from theft to fire with a $0 deductible.

Most theft claims involve jewelry. Theft claims can be a ‘red flag’ on your homeowner’s insurance. Reasons to insure your jewelry on a Personal Articles Policy include:

  • A lower deductible
  • Keep your claim-free discount on your homeowner’s insurance
  • Coverage for more types of incidents
  • Filing a claim on your home insurance can increase your rate or lead to cancellation

Please contact Denver Insurance LLC with any questions. We are happy to review your current policy even if you are insured elsewhere.