Premier Group Insurance

Does Boat Insurance Cover Damage Caused By Animals?

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Boating is a fantastic way to unwind and enjoy the water, but what happens if an unexpected visitor causes damage to your boat? From raccoons nesting in your cabin to fish or marine life damaging your hull, animal-related issues are more common than you might think. At Premier Group Insurance in Lakewood, CO, we’re here to help you understand whether your boat insurance policy covers damage caused by animals.

Policy Specifics Matter

Boat insurance policies vary, so whether animal damage is covered largely depends on your policy’s specific terms. Generally, comprehensive boat insurance includes coverage for damage caused by wildlife, such as a bird striking your boat or a seal damaging your docked vessel. However, if pests, like rodents or insects, cause the damage, many policies exclude this type of coverage as it’s considered preventable with proper maintenance.

Importance of Preventative Measures

Insurance companies often expect boat owners to take reasonable steps to protect their vessels from animal damage. For example, keeping your boat clean and adequately storing it during the off-season can help reduce the risk of animals nesting or causing damage. Some insurers may deny claims if the damage results from neglect.

Review Your Policy

Reviewing your boat insurance policy and speaking with your agent to confirm what’s correct is important. If you’re concerned about potential gaps in coverage, you may be able to add additional protections.

If you need help understanding your boat insurance policy or finding one that gives you peace of mind, contact Premier Group Insurance, which provides boat insurance to residents in and around Lakewood, CO, today. We’ll ensure you’re fully covered for whatever comes your way on or off the water.

How to Decide What to Put Under Umbrella Insurance

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The beauty of umbrella insurance is its ability to cover more than one asset. However, a set value will be assigned to the policy, which may require getting things appraised. Even if you know the worth of everything, deciding what to include under your umbrella insurance can be daunting.

Know Your Worth!

You should seriously consider umbrella insurance if your net worth is $500,000 or more. Your policy should be equal to or preferably greater than your net worth. This is crucial to your wealth-building plan as it safeguards your assets. When calculating your net worth, don’t include things like employer-sponsored retirement accounts, as these are generally not at risk from lawsuits. The primary purpose of umbrella insurance is to provide coverage if you get sued. Even if you win the suit, your legal fees may be covered by umbrella insurance. Policies typically start at one million dollars and increase from there. That may seem like a lot, but if you own property or recreational vehicles, it can add up quickly.

Contact Premier Group Insurance in Lakewood, CO

If you have many assets, it only makes sense to protect them. If you are in the market for umbrella insurance and live in the Lakewood, CO, area, please get in touch with Premier Group Insurance. We will promptly connect you with a courteous and knowledgeable agent who is dedicated to helping you find the insurance policy that is most suitable for you and your unique needs.

Will Your Auto Insurance Policy Cover a Car Seat Replacement After an Auto Accident?

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When you’re involved in a car accident, your mind is likely racing with concerns about safety, repairs, and insurance claims. However, one question that often gets overlooked is whether your auto insurance policy covers the replacement of a child’s car seat. At Premier Group Insurance in Lakewood, CO, we’re here to help you navigate these concerns.

Understanding Car Seat Replacement Coverage

Most auto insurance policies cover damages to your vehicle, but what about the car seat? Car seats are crucial for your child’s safety; even a minor accident can compromise their integrity. Thankfully, many insurance policies recognize this and offer coverage for car seat replacement. Reviewing your policy details or speaking with your insurance agent to confirm this coverage is essential.

When Does Coverage Apply?

Coverage typically applies if the car seat was installed in a vehicle involved in an accident. Even if there’s no visible damage, manufacturers often recommend replacing the car seat to ensure maximum safety. Documenting the accident and damage will be crucial when filing your claim. Keep records, take photos, and obtain a police report if necessary.

How to File a Claim

Filing a claim for a car seat is usually straightforward. Contact your insurance agent and provide them with all the necessary documentation. They will guide you through the process and help ensure you receive reimbursement or replacement as per your policy terms.

Let Us Help You With Auto Insurance

Understanding your auto insurance policy can save you stress and ensure your child’s safety after an accident. At Premier Group Insurance in Lakewood, CO, we’re dedicated to providing peace of mind with our comprehensive coverage options. Contact us today to review your policy or explore new options.

Life Insurance for Stay-at-Home Parents

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Life insurance is often viewed as a necessity for the primary breadwinner of a household, but it is equally important for stay-at-home parents in Lakewood, CO. While they may not bring in a salary, stay-at-home parents provide invaluable services that support the family’s well-being and financial stability.

The Value of Stay-at-Home Parenting

Stay-at-home parents manage a wide range of responsibilities, including childcare, household management, and, often, emotional support for the family. If a stay-at-home parent were to pass away unexpectedly, the financial impact could be significant. Families might face childcare costs, home maintenance, and other expenses that the stay-at-home parent primarily manages. Life insurance can provide a financial safety net, allowing families to maintain their quality of life during an incredibly challenging time that often comes unexpectedly.

Choosing the Right Coverage

When selecting a life insurance policy, stay-at-home parents should consider the value of their contributions to the household. This can include evaluating the cost of hiring help for childcare, house cleaning, and other tasks they typically handle. A common recommendation is to secure a policy that offers coverage equivalent to at least five to ten times the annual income of a working parent. This amount can help cover immediate expenses and provide ongoing support for the family over several years.

Long-Term Peace of Mind

In addition to providing financial security, life insurance offers peace of mind for both stay-at-home parents and their partners. Knowing that the family will be taken care of in the event of an untimely death allows parents to focus on their responsibilities without the constant worry of potential financial strain.

Premier Group Insurance Explains Everything Concerning Insurance

Premier Group Insurance provides the best explanations for answering your insurance questions. We serve Lakewood, CO, and surrounding cities. Call today.

What Should I Know About Commercial Cyber Insurance?

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Commercial Cyber Insurance: Safeguarding Your Business Against Cybercrime

Few businesses today do not rely on computers for advertising, customer interfacing, and handling orders. While computers simplify and enhance various business processes, they can also expose businesses to cybercrime. Furthermore, businesses are also potential cybercrime victims through computer usage among suppliers, customers, and others. If you reside in or around Lakewood, CO, and wish to protect your business from the potential financial effects of cybercrime, contact us at Premier Group Insurance.

The Basics of Commercial Cyber Insurance

Commercial cybercrime occurs when someone steals data or inhibits a business from fully utilizing its computers and information. Companies that connect to the internet and store information in the cloud are susceptible to such crimes.

Businesses can experience three types of financial damage along with other implications due to cybercrime activities. To shield against all three, it’s pivotal for your business to secure cyber insurance. This comprehensive coverage ensures you’re prepared to tackle any cyber threat.

First-party damage from cybercrime happens when attacks coerce you to expend resources into investigating the attack and informing customers or others about how they may have been affected. In addition to these direct business expenses, you might experience ransomware payments or lose revenue due to an attack.

Secondly, cyberattacks can result in third-party liability, which occurs when the attack on your firm harms others, leading them to incur losses. Cyber insurance covers those losses and expenses.

Lastly, firms offering technology-based products and others must safeguard themselves against errors and omissions in their products or services that cause others to suffer losses.

Engaging with the Premier Group Insurance

Premier Group Insurance caters to the business and personal insurance needs of many in the Lakewood, CO, area. Give us a call today at (303) 233-7878 to discuss your commercial or other insurance needs.

Differences Between Luxury and Economic Class Sedans

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If you’re considering buying a new sedan, you may find yourself wondering whether it’s worth upgrading to luxury from an economy class car. Before making your final decision, there are several differences you should keep in mind.

1. Safety Features and Technology

While some economy-class sedans have leading safety features and technology, not all do. With a luxury vehicle, these features are part of their standard offerings across all models. Even older-model luxury vehicles will have some technological options that a new economy-model sedan may not offer.

2. Stronger Engine

While there has been a significant shift in economy-level vehicles to smaller engines, that’s not always the case in luxury sedans. Many of these models still offer a V6 option if you want a stronger engine and better performance from your vehicle.

3. Interior Upgrades

To get close to the luxury-level interior for economy-class vehicles, you’ll have to opt for the top-tier model of that car to match the interior. Luxury brands ensure that the interiors of their vehicles are comfortable and designed to last.

4. Suspension, Wheels, and Drive

One of the most apparent differences between a luxury vehicle and an economy vehicle is the quality of the ride. Luxury vehicles offer a much smoother and more comfortable ride thanks to superior suspension, high-quality parts, and upgraded wheels. Even some of the best models in the economy class struggle to meet this standard, which is given in a luxury sedan.

5. Maintenance Cost

There is a downside to a luxury sedan – the cost of maintenance. Because they use high-quality parts, expect to pay more per visit for a luxury car than you would for an economy vehicle. This applies to basic services and repairs that you may need.

If you need an auto insurance quote in the Lakewood, CO area, contact Premier Group Insurance today for more information.

Why You Should Waterproof Your Basement

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Waterproofing your basement is one of the most effective methods to safeguard your home’s integrity. It’s common for restored older homes and new constructions to require a system that can guide excess water away from this area. If you’ve been contemplating waterproofing your basement, here are a few reasons why you should consider going ahead with it.

Decrease Mold in Your Home

Even if your basement doesn’t routinely experience flooding, implementing a waterproofing system to divert water can substantially reduce mold growth in your home. Basements are naturally colder and more isolated than other sections of a house, making them a prime location for mold propagation, especially when water lingers for extended periods. Mold undermines the home’s structural integrity and poses a significant health risk for family members and pets. Ensure your home remains a safe sanctuary by curbing mold growth.

Preserve the Foundation

Continuous exposure to water in the basement can compromise the home’s foundation. Water can gradually deteriorate wooden structures, leading to rot and the need for replacement. It can also erode stone and blocks in the foundation, particularly when water remains stagnant for long periods. Extensive water damage in the basement could escalate, influencing the main floors and causing foundational problems. In addition, continuous moisture will lead to rusting pipes throughout the house, and the replacement of various systems, leading to considerable expense and inconvenience.

For those seeking a personalized home insurance quote in the Lakewood, CO, area, contact our team at Premier Group Insurance today for more information.

Is it worth getting a full recreational insurance plan in Colorado?

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Those residing in the Lakewood, CO, area will appreciate access to local mountain ranges, parks, and other facilities. To make the most of this area, it’s worthwhile investing in a recreational asset. This investment allows you to enhance your experience. In addition to purchasing a recreational asset, acquiring insurance for it is imperative. Numerous reasons make acquiring a recreational insurance plan a valuable decision.

Asset Coverage Assurance

One compelling reason to secure a recreational insurance plan is its potential to safeguard your recreational assets. If your recreational asset is stolen or damaged, you could incur substantial replacement or repair costs. A suitable recreational insurance plan can provide the necessary support in such scenarios.

Liability Protection

Securing a recreational insurance plan can also help manage your liability risks. Ownership of a recreational asset comes with the risk of causing accidents while using it. In the absence of proper insurance, these cost burdens fall on you. Adequate insurance, on the other hand, offers liability coverage up to the policy limit.

Before opting for a recreational insurance plan in Colorado, it’s crucial to ensure you’re sourcing the right help to select the best available policy. Our team of professionals at Premier Group Insurance is well-equipped to provide the necessary guidance. Premier Group Insurance is at your service for Lakewood, CO residents, helping them evaluate all alternatives and devise a fitting plan.

Do I need to get a motor home insurance plan in Colorado?

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Being a motor home owner in the Lakewood, CO area can be a lot of fun. For anyone who enjoys the great outdoors, this will give you a great asset that can be used to enjoy all that the state has to offer. If you invest in your own motor home, getting insurance for it must be a top priority. You will need this specific type of coverage for various reasons. 

Meet Requirements for Insurance

Many people in Colorado will need motor home insurance to ensure they meet their requirements. There are various situations when someone will be required to carry this coverage. If you intend to drive the motor home on a public road, liability requirements must be met to comply with the state law. Also, many people will choose to purchase their motor home using a loan. If this occurs, they will also need to carry out a comprehensive plan to meet lender requirements. 

Protect Asset

A motor home is a big investment that you will hope to enjoy for a long time. A great way to ensure you are able to do so is by investing in your home motor home insurance plan. This policy offers coverage against many risks that could lead to damage or a full loss. 

If you are looking to purchase a motor home and live in the Lakewood, CO, area, it would always be a great idea to call our team with Premier Group Insurance. Our professionals know the value of motor home coverage and will help you assess all the risks associated with owning one. We can then offer customized services that will allow you to build a policy that properly meets your needs. 

7 Steps to Getting Your RV ready for Traveling Season

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Colorado offers gorgeous places to camp and explore, and you can take all the comforts of home when traveling in an RV. To make the most of your trip, follow these seven steps to get your recreational vehicle ready for the road. Don’t forget to schedule an appointment at Premier Group Insurance in Lakewood, CO, to review your existing policy or purchase a new one.

Making Your RV Road Worthy

Start early by booking overnight spots well in advance. The most popular spots fill up weeks or months ahead of time. Before you go, air out your RV and clean it thoroughly. Next, look for any signs that squirrels or other wildlife have been camping out in your vehicle, as you may need to call in a specialist to remove them.

Is it time for tire maintenance? From checking the air pressure to loading spares, remember you won’t make it far without reliable wheels. Next, check your onboard water system to ensure it works as expected. You’ll always have water to drink or clean with an onboard water system.

You should check your batteries as well as schedule an annual inspection. If you rely on batteries to cook with, you might want to install a propane tank as a backup or main source of energy for heating and cooking. If you already have propane tanks, inspect them for damage and refill or replace tanks that are running low.

Review Your Insurance With Your Agent

Review your insurance policy with one of our agents as the seventh and final step. The team at Premier Group Insurance in Lakewood, CO, has helped thousands of families obtain the insurance they need to fuel their dreams.

Contact us today to schedule an appointment regarding RV insurance in Lakewood!