Are Some Types of Life Insurance Better Than Others?

Life insurance is something that many people don’t take seriously until they reach a certain age. Regardless of your current age, if you’re considering purchasing a life insurance policy, you’re wise. A person can never predict when they might become sick or incur an injury that ends in death, so it’s good always to be prepared. However, finding the right life insurance can be a challenge. Are some types of life insurance better than others? Here is an overview that can explain things.

Types of Life Insurance

There are several different types of life insurance plans, and these different types are term, whole life, burial life insurance, and universal life insurance, among others. It’s best to determine your personal needs before making a choice. If you’re a 19-year-old female, then you will likely choose a different type of policy than a 58-year-old male, as your needs would be different. 

Which Type of is Better?

The type of life insurance that is better depends on what you’re looking for. If you’re looking for a basic life insurance policy, then a term life insurance policy might be your best bet. Term life insurance plans are policies that last a specific length of time, and if the insured passes away during that period, then benefits are paid out. However, there are so many other choices to choose from. If you’re unfamiliar with them, a qualified insurance agent can answer all your questions and help you understand the differences.  

So, if you’re interested in receiving a quote for life insurance, you should consider Premier Group Insurance. At Premier Group Insurance in Lakewood, CO, we offer life insurance, among various other types of insurance, as well. We have been providing insurance coverage to many satisfied customers for years, and we’re ready to provide that same coverage to you. We serve the Ft. Collins and Lakewood, CO area.

How commercial insurance can save your small business

Small businesses make up more than 99% of all companies, which in the US is defined as a business with fewer than 500 employees. That is quite large compared to what other parts of the world consider small business. In Europe, it is under 50, and in Australia under 15. At Premier Group Insurance in Lakewood, CO, we know how risky owning a small business can be, and we work hard to ensure that all our customers have as much insurance protection as necessary. 

Commercial liability coverage 

Being sued is all too common for small businesses. It can cause a great deal of stress, time, and money to deal with legal action against you. It can also damage your reputation, and in a severe case, it can put you out of business. Having the right commercial insurance can help you to survive most legal action against your business. 

Commercial property insurance

When a peril hits your small business, it can mean that you cannot conduct business until you can rebuild. If you don’t have commercial property insurance, how can you replace all the things you have lost? It might be enough to put your business out of business. Commercial property insurance allows you to replace all the things lost to the peril. Depending on your business, it may be things like machinery, office equipment, inventory, tools, etc. 

Business interruption insurance

When covered peril hits your business, you may be unable to do business. Even though your income has dried up, your expenses continue to add up. This insurance can help to pay your expenses until your business is back up and running. 

Contact Premier Group Insurance in Lakewood, CO to discuss your commercial insurance needs with our knowledgeable team. 

Does my recreational insurance policy cover my jet skis or Seadoos?

Premier Group Insurance knows that Lakewood, CO, residents love their outdoor pursuits. This mid-sized town outside of Denver features multiple lakes and reservoirs for watersports and tourism, so many people in the area own jet skis and Seadoos.

Recreational Insurance Coverage

When you purchase your recreational insurance initially, we’ll ask you to list all the equipment and transportation you want it to cover. You’ll need to list each boat, jet ski, Seadoo, ATV, dune buggy, etc., that you want the policy to cover.

We’ll also need the value of each when you purchased it, so you should provide a copy of your purchase receipt. If you received it as a gift, print the product page from the manufacturer’s website that shows the manufacturer’s retail price.

What to Do When You Buy New Equipment

It would be best if you let your insurance agent know when you purchase another Seadoo or jet ski. We’re not nosy. We need to add that equipment to the list of items covered on your recreational insurance policy. Not every item causes your premiums to go up, but your premiums will increase if you purchase something big like a pontoon boat or a yacht.

Contact Premier Group Insurance Today

Contact Premier Group Insurance today to insure your recreational equipment used in Lakewood, CO. Enjoy the area’s lakes but insure your ATVs, boats, and other motorized toys first. Recreational insurance covers liability and your equipment’s value, so don’t skimp on it. Fully insure your recreational toys today.

Tips to prepare your motorhome for a storm

Preparing your motorhome for a storm here in the Lakewood, CO area is essential to maintaining your vehicle and ensuring it remains in good condition. Here are some tips from us at Premier Group Insurance to help you get ready for the upcoming storm season: 

  1. Check all seals, doors, windows, and roof vents for any signs of wear or damage. These need to be sealed up properly before the storm hits to prevent water from leaking into your motorhome. 
  2. Inspect all hoses and connections outside your motorhome to ensure they are secure and in good condition. Damaged hoses can become clogged during a storm and cause water to back into your vehicle, so replace any worn or damaged parts before the storm arrives. 
  3. Ensure that all items inside your motorhome are adequately secured so they don’t shift around during strong winds or heavy rains. Things like cabinets, chairs, and drawers should be strapped down with bungee cords or other fasteners to keep them in place during the storm. 
  4. Cover any exposed windows with plastic sheeting or boards to protect them from damaging wind-blown debris. If you don’t want to do this yourself, ask an authorized repair shop if they offer this service as many do. 

By following these tips, you can help ensure your motorhome is ready for whatever Mother Nature throws! For more information, give us at Premier Group Insurance a call today. We proudly serve the Lakewood, CO area and would be happy to help you find a policy that suits your needs and budget.

How To Make Sure Drivers Of My RV Are Covered?

When Your Vacation or Permanent Housing is Highway-Ready

As you can imagine, RVing is popular in the beautiful state of Colorado. The DMV even has its own RV to bring services closer to people all over the state! Liability insurance is required of RVs and other vehicles to ensure that the damage the vehicle is involved in is covered. There are a couple of specific concerns that you’ll want to cover with us at Premier Group Insurance in Lakewood, CO. One is the exact coverage that you need according to the state for RVs and travel trailers, and the additional coverage that’s wise to protect yourself, other drivers, and any assets these people may have.

Who’s Covered with RV Liability?

Colorado requires the same basic coverage as automobiles and SUVs for RVs and travel trailers. In addition, the people you authorize to operate these vehicles are covered in the same ways, with specific concerns about whether they have their automobile insurance policy and are family members. Since the licensing requirements are similar or the same for RV driving in most cases, they’re already ready to go, just as they would be if they rented one for themselves.

Special Cases Such as Class A RVs

You’ve probably seen bus-style RVs which look similar to commercial long-distance buses on an enormous, heavy chassis, some costing well over a million dollars. They’re great to tour at convention center shows! Some of them exceed the 25,000-pound weight limit that puts them in Class A and leads to CDL or commercial driver’s licenses and other requirements. Your child, neighbor, or friend isn’t automatically authorized for these. Call Premier Group Insurance in Lakewood, CO to customize your family RV coverage today!

Do I Need Motorcycle Insurance in Lakewood, CO?

Colorado is an excellent state for motorcycle riders. The Rocky Mountains provide some of the most beautiful scenery in the country, and the roads are generally well-maintained. However, before you hit the open road on your motorcycle, it’s essential to make sure you have the proper insurance in place. Here’s what you need to know about motorcycle insurance from Premier Group Insurance.

What Does Motorcycle Insurance Cover? 

We can break the average motorcycle insurance policy into a liability, collision, and comprehensive coverage.

Liability insurance can help protect you financially if you cause an accident that results in either property damage or injury to another individual. Collision coverage could cover any damages sustained by your motorcycle in a collision, regardless of who was at fault. Comprehensive coverage can cover all other scenarios leading to damage or loss, such as theft, vandalism, or weather-related incidents.

Do I Need Motorcycle Insurance in Colorado? 

The short answer is yes – if you plan to ride your motorcycle on public roads in Colorado, you must have at least the minimum liability insurance required by state law. If you’re financing your bike, your lender will require you to carry collision and comprehensive coverage. 

Even if you’re not required to carry insurance, though, it’s still a good idea to do so. Accidents happen, and it’s always better to be safe than sorry. You could face a lawsuit if you’re found at fault for an accident that causes injuries or property damage. A good motorcycle insurance policy can help protect your assets if you’re sued. 

If you have any questions about motorcycle insurance or would like a quote for coverage, please contact Premier Group Insurance today. We’ll be happy to help!

Types of Boat Insurance

Owning a boat can take a lot of work to keep things running smoothly. One thing that is a must for keeping it protected is insurance. If you have a boat, it is a good idea to check out the requirements and options for boat insurance. Here are some of the types of coverage that are available for boating insurance.

Types of boat insurance


Liability insurance covers costs related to an accident that you caused. If you hit someone’s property or injured someone, they could sue you for the damages. In the case of a lawsuit, your liability insurance could help cover the costs related to the lawsuit. Even if they don’t file a lawsuit, your insurance will cover medical bills and repairs for the other party involved.

Physical damage coverage

If physical damage coverage is a part of your policy, it will take care of the costs of any physical damage to your watercraft. This includes equipment and machinery related to the boat and any personal belongings.

Loss settlement coverage

There are two types of coverage under loss settlement insurance: the agreed-on amount and actual cash value. Agreed value is the value that you and the insurance company agree on to cover the loss of your boat. The actual cash value is the value of your boat at that given time and could be less than the agreed value.

Personal property coverage

Personal property coverage includes any personal effects you have on your boat, such as clothes, shoes, electronic items, etc.

Emergency towing and assistance

If you get stuck somewhere and need assistance or towing, your insurance coverage could help take care of the cost depending on what is in your policy.

Medical payments coverage

If you or anyone else on your boat gets injured in an accident, no matter who is at fault, medical payment coverage covers the medical costs.

Uninsured/underinsured boater coverage

Sometimes, boaters get into an accident with another boater who doesn’t have any insurance. In this case, it is helpful to have uninsured boater coverage to ensure you are covered. If the uninsured boater was at fault, this could come in handy and ensure that you would still be covered.

Contact us

If you need boat insurance, look no further than Premier Group Insurance in Lakewood, CO.

How Does Umbrella Insurance Work?

If you want as much coverage as you need in case of a serious accident, you may wonder whether your home and auto insurance is enough for you. Most of the time, it isn’t. These policies often come with enough liability coverage to stay legal without having enough that it can cover a costly accident. There is umbrella insurance to get better coverage without paying an enormous amount. When you’re interested in getting an umbrella policy, call us now at Premier Group Insurance in Lakewood, CO to get started. 

Liability Coverage

When there is an accident in your home, and someone is injured, you need liability coverage in your home insurance policy to pay for it. You need liability coverage in your auto policy when an accident happens involving your vehicle, and you are at fault for it. While the costs are relatively low, an expensive accident may come with so many medical bills that your home or auto policy maxes out and doesn’t pay for all of them. When that happens, you owe anything that’s left to pay. You can fix this by having umbrella insurance. It adds more liability insurance to both of these policies so that your policy will take care of the overage. 

Low-Cost Coverage

Umbrella insurance is well-known for having very high maximums and not costing very much. It costs far less to get an umbrella policy than you would if you added more liability coverage to your home and auto policies. You can save money and be very well protected at the same time. 

Get Umbrella Insurance

If you want to be better covered with an umbrella insurance policy, call Premier Group Insurance in Lakewood, CO today.

Five Key Areas Covered by Life Insurance

If you want to solidify your financial plan, investing in life insurance is an excellent place to start. Life insurance takes care of your loved ones and other financial interests when you die. Do you want to invest in life insurance in Lakewood, CO? Please talk to Premier Group Insurance.

Here are the five areas covered by life insurance.

Final expenses

If you don’t want to burden your loved ones with funeral expenses, please invest in life insurance. Your family and friends can use the life insurance proceeds to pay for the costly funeral expenses.

Covers your dependents

Do you have children, siblings, or a spouse that depends on your income? Investing in life insurance ensures your loved ones don’t suffer financially when you are long gone. Your dependents can use the life insurance proceeds to meet their financial obligations, including college fees, mortgage, and other expenses.

It pays for your debts.

Do you have a mortgage, car, or student loan? When you die, you don’t have to leave the burden to your cosigners or loved ones. The proceeds from your life insurance can be used to settle your debts.

It can be used to supplement your income.

Do you know life insurance can help you when alive? Whole life insurance accumulates a cash value, which you can borrow against or use to supplement your income.

It covers your business.

Your life insurance isn’t just for individual use — it can be used to protect your business. How? If you have business loans, the proceeds from life insurance can be used to settle the loan. Besides, life insurance can be used to fill in the financial gaps you leave to ensure business continuity.

Are you interested in life insurance? You are on the right track. If you are in Lakewood, CO, please book an appointment with Premier Group Insurance for an affordable life insurance policy.

Own a growing business in the Lakewood area? Let us help you protect it

Lakewood, CO area business owners turn to the team at Premier Group Insurance for commercial insurance coverage. If your business has grown recently, your coverage must keep pace with your success. We are here to help you with all of your commercial insurance needs. Call today!

Protect your growing business with a comprehensive commercial policy

There are many stages that a company goes through over time. From early start-up days to sustained growth periods and everything in between. If it’s been a while since you have closely reviewed your commercial policy, now is a great time to do so. 

Many business owners begin their companies as self-funded entities. This often means that budgets are tight, and cost savings are the priority. As a company continues to grow, its insurance needs will change. For example, as your market share increases, you will likely invest in new equipment, more robust staffing, and perhaps a fleet of commercial vehicles. All of these changes can also affect your insurance needs.

Working with a local insurance professional allows you to stay on top of all the changes impacting your insurance needs. Comprehensive commercial policies can provide the ongoing protection that your company needs. Find out today how you can protect all of your hard work and dedication. Having the right policy in place will protect you now and in the future. 

Think of us as your insurance partner

Premier Group Insurance proudly serves the greater Lakewood, CO area business community. Our team is here to help you protect your business wherever it may be in the growth cycle. Contact our office today and schedule a consultation to review available commercial policy options.