Who Needs Flood Insurance?

Posted on October 15, 2021October 10, 2021 by admin

If you have heard about flood insurance, you might have wondered who actually needs this coverage. Isn’t it just for people who live in highly flood-prone areas? In fact, it’s something that most homeowners should think about. If you are interested in getting a flood insurance policy, contact us at Pikes Peak Insurance Agency in Falcon, CO.

Floods and Homes

There are many different causes of floods from storm surges to heavy rains. The floods that reach houses can an extreme amount of damage. Homeowners who have been through a flood will have a lot of repairs to do, and it’s even possible that the home will have to be rebuilt. Tackling these costs by yourself could be a nightmare, but that’s exactly what happens to homeowners who don’t have flood insurance.

Flood Areas

There are certain areas that are rated s being at high risk for floods. These flood-prone areas often come with legal requirements that mandate that the residents must have flood insurance. Many homeowners assume that because they aren’t mandated to have this coverage, they don’t need it. However, any area can flood. It’s up to every homeowner to get this coverage so that they aren’t left in a terrible financial position after a flood. Home insurance policies generally don’t cover most types of floods, so a separate policy is needed. Not only does it protect you, but it also gives you more peace of mind.

The Government and Flood Insurance

Because flood policies are so needed by American homeowners, the government has set up a nationwide program for flood insurance called the National Flood Insurance Program. This is backed by the government, so your flood policy price will be the same no matter where you get it.

Get Protected Against Floods

If your home doesn’t have flood insurance, it’s time to fix that. Call us at Pikes Peak Insurance Agency in Falcon, CO.

Colorado Condo Insurance Add-Ons You Might Want to Have

Posted on September 30, 2021October 10, 2021 by admin

There are a lot of perks to owning a condo, and one of them is a reduction in your own liabilities. Condo living marries apartment rental living with homeownership so that you gain control over your stuff and what you need, while a management company takes care of everything else from an insurance perspective.

At Pikes Peak Insurance Agency, we know Falcon, CO residents can get confused about what is or isn’t covered by their Colorado condo insurance policy. We can help you simplify your condo insurance, and make sure you have the most thorough coverage.

Learn about the add-ons to condo insurance that you can have.

What is Covered in Your Condo Insurance Policy

When you have a condo, there are two separate liabilities in play. Your condo board or management will have their own policy.

That policy will cover all property, structures, contents, and liabilities to common areas. Anything that is used by all members of the condo such as a common room, elevators, hallways, driveways, the roof, and other areas will be insured by someone else.

Your condo insurance policy will cover any liabilities that might happen on your property. Any improvements you make to your home will also be covered. It will also cover your contents and any damage to your property due to theft, fire, vandalism, or other perils.

There are other insurance add-ons you may want to consider.

Add-Ons to Condo Insurance

If you want more insurance coverage beyond contents and liabilities, you can consider more thorough coverage.

Add-ons to condo insurance include sewage back-up insurance, water damage insurance, or insurance such as earthquake insurance.

Flood insurance is also an important insurance that you will need to have in addition to your standard condo insurance.

There are a number of things that could cause damage to your condo or create a liability. It’s never too late to add more coverage.

Get a Quote

At Pikes Peak Insurance Agency, we want all Falcon, CO condo residents to be happy with their condo insurance coverage. Call us for a quote today.

Your Life Insurance Policy: Protecting Your Family

Posted on August 16, 2021August 7, 2021 by admin

Life insurance is a unique way of protecting the needs of your family and leaving behind a legacy that they know they can trust to get through the toughest times. At Pikes Peak Insurance Agency serving Falcon, CO, we can provide you with a policy that will protect your family and keep them safe.

How Your Policy Protects Your Family

When you buy a high-quality life insurance policy, you are investing not only in yourself but in the well-being of your family. These policies are designed to pay out if you pass away in any way (including murder, as long as the beneficiaries were not the ones who killed you), and can provide payment for many things.

For example, your loved ones may need help burying you after you pass away. With your insurance policy, they’ll get the money that they need after you pass. And they can also get payouts to help with just about any aspect of life, such as adjusting to a new financial situation after you pass, including if your spouse needs to get a job to support the family.

This protection option is something you should get sooner, rather than later. Even if you’re relatively young, death can come at many times in your life. We’re not trying to scare you by saying that, mind you. There’s a good chance that you have plenty of years of life left. However, it is vital to plan ahead, just in case.

Ways We Can Help

If you want a high-quality life insurance policy that makes sense for your needs, please don’t hesitate to contact us today at Pikes Peak Insurance Agency. We serve the Falcon, CO area and can provide the kind of long-term help that will ensure your policy is appropriate and suitable for your needs as a person.

Why Liability Insurance Is An Important Part Of Auto Insurance Policies

Posted on July 30, 2021August 7, 2021 by admin

Pikes Peak Insurance Agency serves the Falcon, CO community. For over 10 years, we have helped our clients find policies that align with their individual needs. We work with multiple carriers throughout the state to provide different options. We will sit down with you, help you assess your options, and find a policy that aligns with your situation.

Why Liability Insurance Is An Important Part Of Auto Insurance Policies

Auto insurance protects your vehicle as you travel around the Falcon, CO area. An auto accident can occur at any time, which is why you need protection. Collision coverage protects your vehicle if it suffers any damage due to contact with another vehicle or object such as a pole. Comprehensive coverage protects your vehicle in unique situations. You have a safety net in place if your vehicle is stolen, set on fire, vandalized, or damaged because of inclement weather.

Liability coverage is an important part of your policy. Colorado is known for its high traffic throughout the state. It only takes a split second for something to go wrong. Liability coverage protects you if you are ruled to be at fault for your vehicle causing damage to another person or object.

Bodily injury protection covers you by taking care of the injured party’s treatment and rehabilitation. If you cause damage to somebody’s property or an object, you will be covered while the items are repaired. This helps you avoid possible legal action. Liability coverage helps you protect your assets. If you are held liable for a severe accident, you can add umbrella coverage for an extra layer of protection.

Pikes Peak Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.

RV Insurance Guide To Help Colorado Residents Protect Their Asset

Posted on June 30, 2021July 1, 2021 by admin

Pikes Peak Insurance Agency offers coverage to the CO community, as well as the surrounding areas. We strive to help our clients find policies to cover themselves in any situation. We pride ourselves on providing excellent customer service. We have relationships with multiple carriers throughout Colorado. We are confident that we can help you find the right policy to protect your assets.

RV Insurance Guide

RV insurance protects your vehicle as you travel around CO and beyond. As the owner of an RV, you have a unique asset. Your RV insurance may change based on the type of RV that you have. There are multiple types of RVs. Class A RVs are the largest model of vehicles. Generally, these are luxury mobile homes or coach buses. Class B RVs are the smallest model of vehicles. Generally, these are camper vans or travel trailers. Class C RVs are generally campers. If the camper is towed by a truck, that is also a class C vehicle. Some RVs also include 5^th wheel trailers. If you have a 5^th wheel trailer on your RV, you will need extra coverage in order to fully protect it against possible damage.

RV insurance covers you if you are involved in an accident, or you collide with an object such as a tree. You can opt for comprehensive coverage, which protects you if your RV is stolen or vandalized. You also have to prepare for the threat of inclement weather. RV insurance covers you if your vehicle is damaged due to severe weather. Liability coverage is also important. You are covered if you accidentally cause damage or bodily harm. There is a relatively high risk in operating an RV. If one of your passengers gets injured while riding on your RV, liability coverage will take care of their injuries.

Pikes Peak Insurance Agency Will Help You Find The Right Policy

Visit our website to learn more information about RV insurance.

Benefits Of Motorcycle Insurance

Posted on May 28, 2021July 1, 2021 by admin

Pikes Peak Insurance Agency offers coverage to the CO community. For over 10 years, we have helped our clients find policies to protect their assets. We will help you find a custom and flexible policy to have peace of mind if an issue arises.

Important Benefits Of Motorcycle Insurance

Operating a motorcycle is a high-risk endeavor. It only takes one minor mistake for things to take a terrible turn. Motorcycle insurance protects you while traveling around CO. You are covered if the motorcycle is stolen or damaged. Liability coverage protects you if you are held responsible for the accident. Here is a look at some additional benefits of motorcycle insurance.

Replacement Coverage

If your motorcycle is totaled in a collision, the replacement coverage in your policy protects you while you look for a new motorcycle.

Custom Parts Coverage

If you are one of many people who enjoy customizing your motorcycle to give it a unique feel, you can amend your policy to cover the upgrades. Custom coverage protects you against possible structural damages and any damage to accessories like custom wheels or seats.

Storage Coverage

The storage coverage in your motorcycle insurance policy is significant because an accident can occur even when you aren’t operating your motorcycle. Imagine inclement weather comes through the area and causes a tree to fall over on your motorcycle, damaging it. Maybe a down power line causes your garage to set on fire with your motorcycle inside. Storage coverage will protect you against possible losses in this scenario.

Pikes Peak Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about motorcycle insurance.

Who can benefit from umbrella insurance

Posted on April 27, 2021July 1, 2021 by admin

Excess liability insurance is an extra layer of liability insurance that bolsters up liability coverage you already have on a policy you carry. For example, auto insurance may have 250,000 in liability coverage, but an excess liability policy can bring that up to 1 million or more. At Pikes Peak Insurance Agency in CO, we are a family-owned independent insurance agency serving the local community since 2005. We believe in finding the best coverage for our customers at a great price.

Umbrella insurance is excess liability coverage. It can benefit anyone who has any assets. When you have assets, they are always at risk in the event of a judgment against you. That is why you have liability insurance on your home, auto, business, and more. When someone is injured by you or by a member of your family, they may opt to sue you. Depending on the severity of the injury and the size of the judgment, this can be a costly situation. You will also have legal fees that need to be paid.

Most liability insurance that comes with your policy can be adequate if you have limited assets. But, many people have some accumulated wealth. It can be in a home you own, personal possessions you have acquired, or savings you are putting aside for your future. All of these could be at risk if you get sued. This is where the umbrella coverage steps in and adds a layer of protection to your assets. Umbrella coverage usually begins at about a million dollars but can be as high as five million. Basically speaking, if you have any assets, you can benefit from umbrella insurance.

Contact Pikes Peak Insurance Agency in CO for more information about umbrella insurance and how it can benefit you.

Who needs boat insurance in Colorado?

Posted on March 30, 2021July 1, 2021 by admin

When you are in the CO area, there are many fun recreational activities to enjoy all year. While this includes skiing in the winter, it also includes enjoying all the local lakes in the summer. For those in this area of the state, getting a boat can be a great option if you fully enjoy the area. Along with a boat, people need to have boat insurance for a few reasons.

Insurance Protects Assets

A key reason that anyone here is going to need to have a boat insurance plan is to help protect their assets. Those who would like to have this insurance protection will know that they will have the support needed to repair or replace their boat after an accident or if it is stolen and incur a loss.

Boat Insurance is Required in Many Cases

There are also many cases when having this coverage is a requirement. Boat owners worldwide will need to have coverage if they have taken out a boat loan from a lender with insurance requirements. Further, some local marinas and access points will require all owners to carry boat insurance as long as they use their boat in these areas.

If you are interested in getting a boat in the CO area and need a new boat insurance plan, it would be helpful to call Pikes Peak Insurance Agency. The insurance professionals with Pikes Peak Insurance Agency can help you determine what your boat insurance needs are. They can then give you the additional support and guidance that you will need to choose a plan that will keep you in full compliance and protect you and your boat.

Reasons you need flood insurance

Posted on February 26, 2021July 1, 2021 by admin

You do what you can to take care of your home and protect it. You have homeowners insurance, which is a start, but often it isn’t enough to protect you from all the possible problems owning a home might run you into. One is flooding. Flood insurance is a critical form of insurance you absolutely need to consider, as it is so much more than just protecting your property in the event of a massive flood. So, if you live around CO, and own your home, Pikes Peak Insurance Agency can help protect your property with several insurance options, including flood insurance.

It Covers Burst Pipes

So maybe you’re not worried about flooding, and perhaps the way snow melts around your house doesn’t lend it to possible flooding. That’s great, but you do have pipes, and a frozen pipe can do just as much if not more damage to your property than any natural flooding can. So, protect yourself in the event of a burst pipe and opt for flood insurance.

Putting Out A Fire

Yes, problems with flooding are one issue you may not consider when it comes to fires. The water used to put out smaller house fires may actually cause more damage than the fire itself. Flood insurance will help protect you from this kind of damage. It also will help with removing mold that is caused by flooding.

Protect Your Home With Flood Insurance

Flood insurance is just one of the many forms of home insurance you need to consider. But is it right for you? Let the staff at Pikes Peak Insurance Agency work with you to help determine this. If you own a home and live in greater CO, there’s never been a better time to contact the insurance team than right now.

Who would benefit by getting condo insurance?

Posted on January 29, 2021July 1, 2021 by admin

Owning a condo is a great housing option for people that are in the CO area. When you are a condo owner, you will enjoy many of the tax advantages and other homeownership benefits that any property owner will receive. However, you will also enjoy more amenities, including better security and onsite services that come with condo living. If you do purchase a condo here, you also need to get the right insurance for it, as you can benefit from a condo insurance policy in several ways.

Insurance Protects Investment

A reason that people benefit from having condo coverage is that the insurance plan can protect their investment. If you buy a condo, you will have to put down a payment and will want your investment to pay off in the future. With condo coverage, you will receive protection so you can repair your condo if it is damaged, which ultimately protects this investment.

Insurance Helps Provide Compliance

You should also get condo coverage as it can help you to stay in compliance. Most condo owners have a variety of insurance requirements. Those that live in larger associations or have taken out a mortgage will have specific insurance guidelines that need to be followed. A full condo policy can ensure you receive this coverage.

Those that get condo insurance will benefit in a range of different ways. When you are shopping for condo insurance in the CO area, it would be a good idea for you to call the Pikes Peak Insurance Agency. When you speak with Pikes Peak Insurance Agency, you will learn a lot about how this insurance can protect you. The team can then help you build a policy that will offer the right protection for your situation.

HOW CAN WE HELP YOU?

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