One term that many people are not familiar with is uninsured motorist property damage, also known as UMPD. This is an endorsement you can add to your policy if you have a vehicle with Liability Only. UMPD covers your vehicle if a driver with out insurance hits you and damages your vehicle. With this coverage you are subject to a deductible (usually $200 or $250) and it runs approximately $2 a month.
It is important to understand if you have this coverage or want this coverage. If your vehicle is Liability Only and you do not have UMPD and a driver with out insurance hits you and totals your vehicle, then you are out a vehicle. However, if you have UMPD and your vehicle is hit and totalled by an uninsured driver, your company will pay to fix or replace your vehicle. With 15% of drivers in Colorado not insured it is imperative to understand if you and your vehicle will be covered in case of an accident.
visit us @ http://www.cisforyou.com/ to get a free quote and make sure you and your vehicles are properly covered.
Wednesday, February 23, 2011
Friday, February 18, 2011
Happy Friday!
What do you get when you cross a snowman with a vampire??
A frostbite
What do prisoners use to call eachother??
A cellphone
How do crazy people go through the forest??
Take the psycho path
What do you get from a pampered cow??
Spoiled milk
Happy Friday Everyone! If you have any funny "what do you call" jokes please share! Also do not forget to visit us @ http://www.cisforyou.com/ and get your FREE NO-OBLIGATION quote today!
A frostbite
What do prisoners use to call eachother??
A cellphone
How do crazy people go through the forest??
Take the psycho path
What do you get from a pampered cow??
Spoiled milk
Happy Friday Everyone! If you have any funny "what do you call" jokes please share! Also do not forget to visit us @ http://www.cisforyou.com/ and get your FREE NO-OBLIGATION quote today!
Tuesday, February 15, 2011
Don't Assume It's Covered
Did you get a nice piece of jewelry for Valentines Day this year? If so, it is important to understand what articles are automatically covered under your personal property insurance and which articles you may want to Schedule.
The contents of your home such as furniture, clothing, electronics etc. are considered personal property. Your personal property can be found under coverage C of a dwelling policy. These items will be covered as long as you own it as the insured and as long as it is used by you as the insured anywhere in the world. The limit of your personal property coverage is based off of the amount your home is insured for, typically this amount is 70% of the homes insured value.
There are limits of liability that apply to many items. The following is the common limit on each article but it is important to remember that many insurance companies vary.
*Money, bank notes, gold other than gold wear, silver other than silver wear, coins & medals: $200
*Securities, accounts, deeds, evidence of debts, letters of credit, passports, tickets & stamps: $1,000
* Water craft, trailers, furnishings, equipment and outboard motors all under 50 HP: $1,000
* Trailers not used with water craft: $1,000
* Theft of jewelry, watches, furs, precious and semiprecious stones: $2,500
*Loss of firearms by theft: $2,500
*Theft of silverware, silver-plated ware, gold ware, gold-plated ware and pewter ware: $2,500
* Property on the residence premises used for business purposes: $2,500
Discuss with your agent what limits you have on these certain personal property items and keep in mind you are subject to your deductible in case of a loss. If you feel that your articles are worth more than the policy limits then you should add the Scheduled Personal Property Endorsement. This endorsement allows you to increase your limits of coverage on your valuable articles and covers you for mysterious disappearance. This means for example if you drop your ring down the drain or lose it on a trip your item will be covered.Scheduling is not subject to your deductible and usually runs about ten dollars per thousand.
So make sure your valuable items you own are fully covered with the Scheduled Personal Property Endorsement.
Always remember, here at CIS we have over 30 years of insurance experience, which makes us not just agents but insurance specialist.
http://www.cisforyou.com/
The contents of your home such as furniture, clothing, electronics etc. are considered personal property. Your personal property can be found under coverage C of a dwelling policy. These items will be covered as long as you own it as the insured and as long as it is used by you as the insured anywhere in the world. The limit of your personal property coverage is based off of the amount your home is insured for, typically this amount is 70% of the homes insured value.
There are limits of liability that apply to many items. The following is the common limit on each article but it is important to remember that many insurance companies vary.
*Money, bank notes, gold other than gold wear, silver other than silver wear, coins & medals: $200
*Securities, accounts, deeds, evidence of debts, letters of credit, passports, tickets & stamps: $1,000
* Water craft, trailers, furnishings, equipment and outboard motors all under 50 HP: $1,000
* Trailers not used with water craft: $1,000
* Theft of jewelry, watches, furs, precious and semiprecious stones: $2,500
*Loss of firearms by theft: $2,500
*Theft of silverware, silver-plated ware, gold ware, gold-plated ware and pewter ware: $2,500
* Property on the residence premises used for business purposes: $2,500
Discuss with your agent what limits you have on these certain personal property items and keep in mind you are subject to your deductible in case of a loss. If you feel that your articles are worth more than the policy limits then you should add the Scheduled Personal Property Endorsement. This endorsement allows you to increase your limits of coverage on your valuable articles and covers you for mysterious disappearance. This means for example if you drop your ring down the drain or lose it on a trip your item will be covered.Scheduling is not subject to your deductible and usually runs about ten dollars per thousand.
So make sure your valuable items you own are fully covered with the Scheduled Personal Property Endorsement.
Always remember, here at CIS we have over 30 years of insurance experience, which makes us not just agents but insurance specialist.
http://www.cisforyou.com/
Tuesday, February 8, 2011
Co Insurance Specialists: What to do in case of an accident
Co Insurance Specialists: What to do in case of an accident: "With the roads covered in snow and accidents more likely to happen, it is important to remember what to do when involved in an accident. Lis..."
What to do in case of an accident
With the roads covered in snow and accidents more likely to happen, it is important to remember what to do when involved in an accident. Listed below are things you should immediately do after an accident:
* Remain at the scene of the accident.
* Take steps to prevent further accidents-park safely, turn on emergency flashers.
* Call the police or ask someone to call for you.
*Give the other driver(s) your name, insurance company phone number, the vehicle's license plate number and your drivers license number.
*Obtain the same information from all other parties involved and witnesses.
* Do not admit fault. Discuss the specifics of the accident only with the police.
* If you have a digital camera or camera phone, take photos of the accident scene and vehicles if it is safe to do so.
* Call your insurance carrier toll-free hot line immediately. It is important to call right away so they can get to work settling your claim fast, fair and hassle-free.
It is important to remain calm, make sure you are not injured and get as much information as possible from all parties involved.
http://www.cisforyou.com/
* Remain at the scene of the accident.
* Take steps to prevent further accidents-park safely, turn on emergency flashers.
* Call the police or ask someone to call for you.
*Give the other driver(s) your name, insurance company phone number, the vehicle's license plate number and your drivers license number.
*Obtain the same information from all other parties involved and witnesses.
* Do not admit fault. Discuss the specifics of the accident only with the police.
* If you have a digital camera or camera phone, take photos of the accident scene and vehicles if it is safe to do so.
* Call your insurance carrier toll-free hot line immediately. It is important to call right away so they can get to work settling your claim fast, fair and hassle-free.
It is important to remain calm, make sure you are not injured and get as much information as possible from all parties involved.
http://www.cisforyou.com/
Monday, January 31, 2011
Winter Driving Tactics
During this time of year, many of us wake up to snow, sleet or freezing rain. Yet, we still need to climb behind the wheel and head to work, school or errands. During the winter season it is important to keep a couple things in mind when living in this bi-polar weather state!
Always plan ahead
Keep an eye on the weather and see how much it is supposed to snow within the next hour or days ahead. If you are less experienced with navigating slick roads, take extra time before you head out. Staying calm and patient will make your trip go a bit more smooth.
Be on the defense
Consider taking a defensive driver class. Not only will this class come in handy when making the treacherous drive but could give you a discount on your auto policy. It is an inexpensive way to brush up on how to respond accordingly in dangerous driving situations and adverse conditions.
Take Care and Repair
According to Car Care Council, more than 5% of all vehicle accidents result from insufficient vehicle maintenance. Be sure to never skip out on a routine checkup especially during seasons of extreme weather.
Park it
It may sound simple but the best way to keep your car working and not involved in an accident is to not drive it during winter storms. Driving in severe conditions increases your chance of being involved in an accident. It's always best to stay safe at home than risk damage to your car or worse.
Since accidents do happen it is so important to be with an insurance company that will be there for you and your family in an emergency. At CIS we do business with 6 major insurance carriers that are all A/A+ rated with AM BEST. Our companies and claims services will be there for you when the roads get messy and an accident happens.
http://www.cisforyou.com/
Always plan ahead
Keep an eye on the weather and see how much it is supposed to snow within the next hour or days ahead. If you are less experienced with navigating slick roads, take extra time before you head out. Staying calm and patient will make your trip go a bit more smooth.
Be on the defense
Consider taking a defensive driver class. Not only will this class come in handy when making the treacherous drive but could give you a discount on your auto policy. It is an inexpensive way to brush up on how to respond accordingly in dangerous driving situations and adverse conditions.
Take Care and Repair
According to Car Care Council, more than 5% of all vehicle accidents result from insufficient vehicle maintenance. Be sure to never skip out on a routine checkup especially during seasons of extreme weather.
Park it
It may sound simple but the best way to keep your car working and not involved in an accident is to not drive it during winter storms. Driving in severe conditions increases your chance of being involved in an accident. It's always best to stay safe at home than risk damage to your car or worse.
Since accidents do happen it is so important to be with an insurance company that will be there for you and your family in an emergency. At CIS we do business with 6 major insurance carriers that are all A/A+ rated with AM BEST. Our companies and claims services will be there for you when the roads get messy and an accident happens.
http://www.cisforyou.com/
Thursday, January 20, 2011
Whats going to cost you
Ever afraid of turning in a claim because you think you will be paying for it for the next 5 years?? OR have you ever turned in a claim only to find out that you WILL be surcharged for it for the next 3 to 5 years??
Your insurance score and premium is determined by MANY different factors but the one factor we will discuss today are chargeable claims.
It is very important to know the difference between Comprehensive and Collision when having FULL coverage on your vehicle.
Comprehensive coverage provides protection against the following; fire, theft, malicious mischief, windstorm, flying objects, hail, hitting an animal, and broken windows. Comprehensive coverage often has a deductible and can be sold alone without including collision coverage.
Collision coverage will not be issued unless comprehensive coverage is included. In order for collision coverage to come into play, there must be physical contact between the auto covered and another car, truck or object which then causes physical damage to your auto.
Comprehensive claims are NOT chargeable. In other words after you turn in a comp claim your insurance premium will not increase because of the claim. A valuable thing to know between comprehensive and collision is that if the object is moving when it strikes your vehicle the claim would fall under comprehensive if the object is stationary and you strike the object the claim would fall under collision.
Also, when getting into an accident with some one that is uninsured and the accident is NOT your fault, YOUR insurance will pay for the damages but will not surcharge you for the claim. Same with a hit and run on your covered vehicle.
Any accident that is YOUR fault and if money is paid out, whether it is for property damage, bodily injury, medical, or collision you will be surcharged.
At CO Insurance Specialist we represent over 10 different companies. This is important because each company has different rating scores and even though one company may increase your premium drastically for a chargeable claim another company may not. At each renewal we shop for the best rates to guarantee that you receive the most competitive rates and broadest coverages at all times. Don't be stuck paying an outrageous premium because of an at fault accident two years ago. Let us find you the company that fits you and your claims best.
www.cisforyou.com
Your insurance score and premium is determined by MANY different factors but the one factor we will discuss today are chargeable claims.
It is very important to know the difference between Comprehensive and Collision when having FULL coverage on your vehicle.
Comprehensive coverage provides protection against the following; fire, theft, malicious mischief, windstorm, flying objects, hail, hitting an animal, and broken windows. Comprehensive coverage often has a deductible and can be sold alone without including collision coverage.
Collision coverage will not be issued unless comprehensive coverage is included. In order for collision coverage to come into play, there must be physical contact between the auto covered and another car, truck or object which then causes physical damage to your auto.
Comprehensive claims are NOT chargeable. In other words after you turn in a comp claim your insurance premium will not increase because of the claim. A valuable thing to know between comprehensive and collision is that if the object is moving when it strikes your vehicle the claim would fall under comprehensive if the object is stationary and you strike the object the claim would fall under collision.
Also, when getting into an accident with some one that is uninsured and the accident is NOT your fault, YOUR insurance will pay for the damages but will not surcharge you for the claim. Same with a hit and run on your covered vehicle.
Any accident that is YOUR fault and if money is paid out, whether it is for property damage, bodily injury, medical, or collision you will be surcharged.
At CO Insurance Specialist we represent over 10 different companies. This is important because each company has different rating scores and even though one company may increase your premium drastically for a chargeable claim another company may not. At each renewal we shop for the best rates to guarantee that you receive the most competitive rates and broadest coverages at all times. Don't be stuck paying an outrageous premium because of an at fault accident two years ago. Let us find you the company that fits you and your claims best.
www.cisforyou.com
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