Exploring 5 Important Facts About Home Insurance

AmPro Insurance LLC offers multiple types of insurance policies to the Colorado Spring, CO community. We strive to help our clients prepare for the unexpected. We will help you find coverage to enjoy peace of mind.

Important Facts About Home Insurance

Your Colorado Spring, CO residence is one of your most prized possessions. That’s why it is important that you protect it. Home insurance covers your property as you navigate different threats. The policy covers any damages to your property and personal items. You may also add liability coverage so that you are protected if someone gets injured while they are visiting your home. Here is a look at some other important facts regarding home insurance.

You Can Add Special Coverage

You can add special coverage to your policy to protect you during different situations. You can add flood coverage to cover your property in the event that it is damaged due to severe flooding. If you plan to renovate your home, you can add coverage to protect your upgrades.

Liability Coverage Extends To Pets

If you have a pet, you can add liability coverage to protect you if your pet causes damage to someone else’s property.

You Are Responsible For Maintenance

It’s important that you take care of your home. You may not be prepared if your property is damaged due to issues caused by poor maintenance.

Luxury Items Need Special Coverage

If you have luxury items in your home such as valuable furs or paintings, you’ll have to amend your policy to cover these items if they are stolen.

Take Inventory

Take inventory of all of your personal belongings. This will give you a starting point to rely on if something happens.

AmPro Insurance LLC Will Help You Cover Your Property

Visit our website to learn more information about home insurance  

What are the advantages of getting life insurance?

The Colorado Springs, CO area continues to be a popular place to work and live. For those in the area, spending time considering all of your insurance needs is very important. One form of insurance that many people in this area need to have is life insurance. Several advantages come when you get a quality life insurance policy. 

Insurance Protects Dependants Financial Future

One of the advantages that come with a life insurance policy is that it can protect your dependant’s financial future. If you have people in your life that rely on you and your source of income to live a quality life, you will want to make sure that they will be covered if you were to pass away unexpectedly. When you get life insurance, you can receive coverage for your dependents. You will be able to build a curtailed policy to meet their specific needs, which can include having enough to provide for future living expenses, higher education, and even retirement. 

Insurance Can be an Investment

When you are looking for life insurance, you may also want to consider getting a whole life insurance policy. A whole life insurance policy will give you coverage for the rest of your life as long as premium payments are made. Part of the payment will go into an account that will grow in value and eventually be converted to cash. This can make it a good addition to your investment plan.

When you get a life insurance policy in the Colorado Springs, CO area, you should call AmPro Insurance LLC. The team at AmPro Insurance LLC can help you better understand the different options that you have. This can help to ensure you remain properly covered at all times. 

Why is liability coverage essential in the auto insurance industry

What’s the hype behind liability coverage? Why do almost all states require it? These are common questions that auto insurance experts in Colorado Springs, CO have to answer in the best way possible. Practically all insurance policies come with liability coverage. Why?

Because we live in a litigious society, and you can be sued for injuring or damaging someone’s property. Liability coverage is most essential in auto insurance to provide a financial cushion on the roads. At AmPro Insurance LLC, we emphasize carrying a fair amount of liability to ensure that you and your family are safe financially.

Liability in auto insurance

Liability car insurance is a huge part of auto insurance that helps keep your finances safeguarded if you cause an accident that injures or damages someone’s property. In-car insurance, liability only covers injuries and damages to third parties but not you or your car. That is why you need to have personal injury protection coverage to pay for your medical bills if you are also injured in the accident that you were at fault.

Why is it mandatory in most states?

Car accidents are common, and in most cases, the cost of repair and medical bills can quickly go up depending on how the accident happened. In many states, if a driver is found to be at fault in an accident, their insurance provider will pay the affected parties’ medical and property damage expenses.

However, in no-fault rule states, the drivers involved in accidents must file a claim with their own insurance companies irrespective of who is at fault. In this case, a personal injury protection coverage can pay for the damage and the injuries a driver sustains.

Need to learn more about liability coverage in Colorado Spring, CO? Our insurance experts at AmPro Insurance LLC can provide you with any information you want. We also help you get the best out of your auto insurance policy. Try us today!

Most Common Commercial Insurance Myths

When you operate your business, it is vital to have the right commercial insurance to protect you as a business owner, the company itself, your employees, and all business assets. However, choosing proper commercial insurance is not the most straightforward task despite all the false information that business owners are bombarded with. AmPro Insurance LLC, serving clients in Colorado Springs, CO, has prepared the list of most common myths that every business owner should be aware of: 

There is no need for commercial insurance for a home-based business.

Unfortunately, the truth is that your standard homeowners’ insurance does not cover your home office and its contents. Anything about your business needs to have additional coverage, even if it is located in your house. Therefore, if you operate your business from home, it is essential to notify your insurance company about it to make the necessary adjustments. 

Vehicles used for commercial purposes are covered automatically.

Many people assume that if they use their personal cars for business purposes, they do not need any additional insurance. All vehicles used for work need to have separate coverage – commercial auto insurance.  

You do not need to purchase workers’ compensation insurance if you do not have any employees.

There is nothing wrong with running a business by yourself without any employees, as long as you can stay organized and focused. However, it does not mean that you should not carry workers’ compensation. It is still beneficial to purchase this type of coverage for yourself. It will help you protect yourself from lawsuits and claims against you. 

If you are thinking about commercial insurance for your new business or update the current policy, AmPro Insurance LLC, serving Colorado Springs, CO, will be happy to help you. Our knowledgable and experienced agents will answer all your questions and provide you with the information you need. All you need to do is to visit our website or give us a call. 

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.