Things that aren’t covered by home insurance

Your home is your castle, and you have home insurance to protect that castle from all the hazards life can throw at it. You may assume all risks are covered, but we all know what happens when you assume. Unfortunately, most people do not read their homeowner’s policy and are unaware of the things generally not covered without a special endorsement. Having a relationship with your insurance agency is the best way to avoid getting a bad surprise. AmPro Insurance LLC in Colorado Springs, CO is an independent agency that can offer you choices when it comes to your carrier. 

Flood

Many people will be shocked to find out their home insurance does not cover flood damage, especially since floods caused 3.75 billion dollars in damage in 2019. Floods happen in every state, and as a result of the changing climate are becoming more frequent and devastating. The good news is while your home insurance won’t cover flood damage, you can purchase an additional policy through the National Flood Insurance Program. 

Earth Movement

Earthquakes, mudslides, and sinkholes are typically not covered by home insurance. These are more prevalent in certain parts of the country but recently have turned up in unexpected places. You can purchase an endorsement or an additional policy to cover these events. 

Pest Related Damage

Many pests can infest your home and cause a great deal of damage. Termites and carpenter ants are just two examples. A standard home insurance policy will not pay to repair the damage caused by these pests. This damage is considered neglect by the homeowner, and like any other neglect is excluded from coverage. 

If you are worried about any of the hazards which aren’t covered, you should talk to an insurance agent. In Colorado Springs, CO, AmPro Insurance LLC is the agency to trust. Give us a call or stop by the office and let us answer your questions and give you a quote. 

Questions To Ask Yourself When Shopping For Life Insurance

Getting life insurance is an important and serious step towards protecting your family. You might be wondering where you should start. In order to help you to make the right decision and find the perfect policy based on your needs, AmPro Insurance LLC, serving Colorado Springs, CO, has prepared the list of few questions you need to ask yourself: 

Why Do I Need Life Insurance?

People get life insurance for different reasons. The most common are paying off a car loan, paying off the mortgage, leaving money for your spouse, parents, children, and some others. It is important to know and understand your purpose in order to get the right coverage. 

How Healthy Am I? 

Your health condition and medical history affect your insurance cost. For example, if you are healthy, then you will have lower premiums, and you will be able to save money on life insurance. However, people with significant health issues will have to pay more for their life insurance. In order to find out how healthy you are, you should get a regular check-up and then discuss your options with an insurance agent. 

Who Are My Beneficiaries?

Beneficiaries are recipients of your death benefit if you pass away while your insurance policy is active. You should choose a policy depending on who your beneficiaries are. For example, if you are single and have no kids, then you can get an inexpensive policy that will cover your funeral expenses and some of your debts. However, you may need a policy with higher benefits if you are a married family person with kids. 

If you are a resident of Colorado Springs, CO, and you need some help in choosing the right life insurance policy that will address your needs and the needs of your family, AmPro Insurance LLC is ready to help. Visit our office, or give us a call to learn more about the options available. 

Am I Covered If I Let Someone Else Drive My Car and They Are Involved in an Accident?

Most people, at some time or another, will allow a friend to drive their vehicle. In most cases, nothing happens, but you need to know what your liability is if an accident does occur. The agents at AmPro Insurance LLC can offer sound advice that Colorado Springs, CO residents need to be fully protected at all times. In some cases, it just isn’t worth it to let someone borrow your vehicle. It’s up to you to make the best possible decision for you.

Your Liability

You are liable for your vehicle. If an accident occurs in your car, it doesn’t matter who is driving. Your insurance policy will be the first one that is looked at in terms of covering any damage that was caused if you or another driver who was driving your car. Both collision and comprehensive insurance policies will provide you with the coverage you need to be protected against various types of accident liability.

Other Insured Drivers

Even letting another insured driver take your vehicle can cause liability issues. While their insurance may be put into effect at some point, your policy may still bear the brunt of the cost. In case of an emergency, make sure that the person who drives your car is fully insured. This will protect both of you from any adverse repercussions if an accident does occur.

In Colorado Springs, CO, residents can always discuss their insurance concerns with one of the agents from AmPro Insurance LLC. The agents are experienced and knowledgeable when it comes to auto insurance and having the right policy in place to protect your investment. Call an agent today and ask to have your current policy reviewed. Finding the right policy for you is our job!

Must Have Commercial Coverage for Home Businesses

Commercial insurance isn’t just for businesses that have a commercial location such as a warehouse, retail store, or office. Home-based businesses can also benefit from the commercial coverage that AmPro Insurance LLC has to offer. The following coverage is highly recommended for business owners who operate a business from their Colorado Springs, CO home.

Property Coverage

If your home business uses a computer, printer, fax machine, business phone, answering machine, or other business equipment, you can protect these items with commercial property insurance. Property coverage also protects your business products if they’re stored at home. If these items are stolen or destroyed by fire, flooding due to faulty plumbing, lightning strike, or other covered peril, property coverage will compensate you for your loss.

Even though your business is run from your home, home insurance offers minimal, if any, protection for products or equipment related to business. In contrast, commercial property insurance is specifically designed to protect business equipment and inventory, whether it’s located at a commercial site or in your Colorado home.

General Liability

If clients or customers come to your home for business purposes, commercial liability is a must to protect you against work-related accidents on your property. You never know when a client will have an accident when visiting your home-based business. If an accident occurs, commercial liability will protect your business assets by covering his or her medical costs. It also protects you against a lawsuit if you’re sued for damages.

Business Interruption

A power outage after a disaster could bring your home business to a halt, causing you to lose valuable revenue. Business interruption coverage replaces lost revenue and covers essential business expenses to keep your business from going under.

To learn more about commercial insurance coverage for home-based businesses, contact AmPro Insurance LLC in Colorado Springs, CO.

Protect Your Home Against Unforeseen Slips and Falls

Most home insurance covers accidents and mishaps in case someone sews your family for injuries received on your property. This could include visitors, salespeople, and those doing work in your home. AmPro Insurance LLC agents can help you understand your home insurance options in Colorado Springs, CO. In the meantime, find out more about home insurance liability and how it protects your family from financial loss.

Home Insurance Can Protect You from Slip and Fall Litigation

As a homeowner, you’re typically liable only for slips and falls if you are found negligent. Your insurer can help you understand the fine details of the legal aspects, but it’s a great way to protect your family from financial loss if the case goes to court and you lose. Your home insurance may even help you pay for court costs.

What Else Is Covered Under Home Liability Insurance?

You can ask your agent about what to add to your home insurance to protect your assets in the event of a fall or injury on your property. Here are some other things that liability insurance may cover:

  • Repair or replacement of another person’s property

  • Medical expenses for persons injured in your home due to negligence

  • Cost of legal defense against claims of bodily injury or property damage

It’s important to understand the home policy you choose because every policy is slightly different. For example, some policies cover defamation of character; other policies only offer defamation coverage as a separate indemnity. 

NOTE: If you work from home, be aware that your home insurance may not cover business activities and risks. 

Contact AmPro Insurance LLC in Colorado Springs, CO today for answers to your home insurance questions. Feel free to make an appointment for a free quote and to discuss the best way to protect your home from unforeseen circumstances. 

 

What’s the Difference Between Term and Permanent Life Insurance?

Life insurance can be a tremendous boon to your financial portfolio. Life benefits provide a financial buffer to keep your family going in the event of your untimely demise. At AmPro Insurance LLC in Colorado Spring, CO, we offer a variety of life insurance policies to meet your needs. By learning more about your life insurance options, you can choose the one that’s right for you.     

Term Life vs Permanent Life Insurance

Life policies are basically divided into two categories – term life and permanent life. Here’s the difference between the two:

Term Life

Term life insurance provides your family with basic financial protection in the form of death benefits upon your demise. It’s the most affordable type of life insurance for young, healthy adults as the premium is set for the duration of your policy.

Term life insurance is bought for a specific amount of time, such as 5, 10, 20 or 30 years. If you pass on during the term of your policy, your beneficiaries will receive the benefits specified on your policy. If you live past the term on your policy, you’ll have to purchase a new one if you want to continue receiving coverage.

Permanent Life

Permanent life differs from term life insurance in that it covers you for life, provided you keep up with premium payments. It also accrues cash value along with providing death benefits upon your demise.

Within the permanent life insurance category, there are numerous policies you can choose from to include whole life, universal life and variable universal life. Each of these comes with different benefits so you can pick and choose the coverage you need.  

To learn more about life insurance or to buy a life policy that provides the unique protection your family needs, contact AmPro Insurance LLC in Colorado Spring, CO. 

Auto Insurance for Your Colorado Vehicle

The state of Colorado requires all registered vehicles and drivers to have auto insurance. Out of state insurance will not be enough. Typical insurance coverage requires bodily injury liability, property damage liability, and uninsured or underinsured motorist coverage. Some additional features that need to be considered include medical payment coverage, collision coverage, and comprehensive coverage. It is important to understand what these different components of the auto policy actually mean.

Bodily injury liability provides coverage for situations in which an accident caused by you causes someone else to be injured. Property damage provides coverage to any damage done to the property of someone else. The underinsured or uninsured, as the name suggests, means coverage against an accident with someone who does not have enough or any insurance. Typically, the amount of coverage of this matches the coverage for bodily injury coverage. Collision coverage is used when your vehicle is in an accident that is your fault. That collision doesn’t necessarily have to be with another car. It could be a collision with anything. Comprehensive coverage is when the vehicle is damaged in an incident that was non-collision related. This could be a fallen tree or hail. Keep in mind that most auto insurance will have a deductible, that is the amount you have will have to pay before the policy kicks in.

While the state enforces certain minimum requirements, it is recommended that vehicle owners consult an experienced insurance provider that can guide you to best-suited policy. The key to a good insurance policy is to find an insurance agency that cares about their customer and makes an effort to find a personalized solution for the client. AmPro Insurance, LLC in Colorado Spring, CO has your vehicle covered. We are a well-reputed and certified insurance agency serving Colorado Spring, CO, and the surrounding areas. Get in touch with Ampro Insurance, LCC now.

Does Commercial Insurance Cover A Small Food Stand?

If you plan to own a business, you probably think you need some form of commercial insurance. This may not be the case in every situation because there are specialty insurance options for specific business types that can cover the business more effectively.

Food Truck Insurance

There is a type of business insurance that is specifically designed to provide coverage for food trucks. It covers specific assets and liability situations unique to food trucks. If you plan to own a food truck, begin exploring your insurance options with the help of a skilled insurance agent who can guide you through the process. They can identify client needs and present you with insurance policies that can cover your business adequately to prevent losses and other issues. 

Work With A Top Agency

The best way to discover the right policy for a food truck or any other commercial endeavor is to work with an insurance agency that has top agents with plenty of knowledge and experience helping select insurance for clients. A top company to work with is AmPro Insurance LLC, serving the residents of Colorado Springs, CO. We can work one on one with clients to outline each specific need and then work through the process of a policy purchase. We can also help provide support if there is a claim made in the future. 

If you are considering purchasing a food truck and want to learn more about your insurance requirements, call or stop by AmPro Insurance LLC and get answers to questions from our leading insurance team. Anyone in the Colorado Springs, CO area can count on us to help make the process easier. 

When do I need home insurance in Colorado Springs

If you are living in the Colorado Springs, CO area, buying a home could be a smart decision to make. When you choose to purchase a home, you will have a stable and consistent place to live and you will also benefit from price appreciation and inflating hedging. However, to make your home an excellent long-term decision, you need to have a good home insurance policy and plan. Those that do own property here will need to have coverage for several different reasons. 

Required by Lender

One reason why you need to have home insurance for your Colorado Spring, CO property is that your lender requires it. Any mortgage lender is going to make sure that you have home insurance in place when the loan closes. This will also ensure that the lender’s collateral is protected. Due to this protection, most lenders are also going to make your escrow for these payments monthly. 

Gives Liability and Property Protection

Even if you do not have a mortgage, you should still get home insurance. When you do have this type of insurance, you will receive property protection and liability coverage. These are very valuable types of coverage that will protect you in many different situations. This is a fantastic investment if an accident occurs in your home or if it is damaged in any way. 

Choosing the right home insurance policy is a big decision. The team at AmPro Insurance LLC can help you to find a policy that is right for your situation. When you meet with the team at AmPro Insurance LLC, you will learn a lot more about all of the insurance options that you have. This will allow you to find a good policy that covers you and your home. 

Should You Get Life Insurance for Your Child?

As a parent, you are always concerned about your kids. While getting life insurance in Colorado Springs, CO may not be on the top of your list for your children, it comes with a lot of benefits. An agent at AmPro Insurance LLC can help you get started with the right policy.

It can be harder to get life insurance as an adult in Colorado Spring, CO, which is why it can make sense to get life insurance for your child. A whole life insurance policy means that even if your child develops a medical condition, later on, he or she won’t lose coverage. It’s a great way to ensure a lifetime of financial security.

Life insurance premiums are based on your child’s health and age when you apply. This means that if you get life insurance when your child is healthy and young, you can lock in affordable rates. Even as an adult, your child will be paying the same amount.

Whole life insurance also builds cash value, which is money set aside with each payment made. The longer you have the policy, the more value the policy accumulates. It can be thought of as a small nest egg for the future. When your child turns 18, coverage can double at no additional cost. This means that he or she will have better protection and still be paying the same premiums as in childhood. When your child turns 21, there can be the option to keep the policy or get the available cash value in return. If you encounter any financial difficulties while your child is growing up, you can also borrow against the policy.

Life can be unpredictable. A life insurance policy can provide greater peace of mind and financial protection should the unthinkable happen.

Contact AmPro Insurance LLC to get a quote for life insurance.