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!

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

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.

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.

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.

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. 

Recreational insurance protects you against risks associated with various activities, including rock climbing, scuba diving, skydiving, and many others. 

The primary purpose of this insurance is to protect you during recreational activities in case of an accident or a mishap that causes property damage or bodily injury to others. For questions, Premier Group Insurance can help you in Lakewood, CO. 

What You Need to Know 

The types of insurance needed for various recreational activities depend on the risk associated with each activity. 

Some common types of recreational insurance include travel insurance, boat insurance, sports insurance, drone insurance, contractor insurance, and rental car insurance. 

Depending on the activity, you may also need liability, extended, or excess medical insurance. 

Insurance companies offer recreational insurance policies to protect individuals participating in recreational activities from unforeseen circumstances that could put their finances at risk. 

These policies are available for various activities, such as skydiving, scuba diving, skiing, snowboarding, race car driving, piloting an airplane, golf, hunting, scuba diving, fishing, skateboarding, scooting, etc. 

Most recreational policies are very affordable and can be purchased for less than $10 a day. Various types include: 

• Sports insurance: It’s a great option if you go golfing, hit the slopes, or engage in any other physical activity. 
• Travel insurance: It safeguards you and your belongings abroad.  
• Rental car insurance: It protects you in the case of an accident and the rental company if the car is damaged. 
• Concert insurance: It’s purchased by concertgoers to protect themselves and their guests in case of an accident or illness. 
• Holiday insurance: Offers protection against unforeseen circumstances, like if your flight is canceled. 
• College student insurance: It helps students cater for medical bills and other incurred costs during an accident.
• Winter sports insurance: This insurance protects you and your guests during winter sports.

Parting Words 

Recreational insurance comes in many different forms, and it’s important to know what type of policy will best suit your needs. Contact Premier Group Insurance in Lakewood, CO if you need help!

Premier Group Insurance is proud to serve the insurance needs of the greater Lakewood, CO area. If you want to learn more about the RV insurance options available, give us a call or stop by our office today. 

Choosing a comprehensive policy for your RV is often the right way to go.

Having an RV sure makes it easier to do when it comes to enjoying life! This is a great reason to ensure that your vehicle has the protection you need. When you choose a comprehensive policy, you can benefit from:

• Increased liability protection – if you essentially live in your RV during the warm months, you will want protection from liability. Having guests over to your RV is wonderful, but if they are injured in your RV, you can have some liability risk. This coverage can protect you from financial loss.
• Greater coverage when you are on the road – collision protection is critical to every RV owner. Repairing or replacing these vehicles is not always easy. And having comprehensive coverage can make the situation less stressful.
• Higher policy limits for medical expenses – if you are involved in an incident with your RV that causes injury to yourself, your passengers, or persons in another vehicle, you’ll want to have protection that will help defray those costs.

We are here to help you protect your RV

Are you an RV owner in the greater Lakewood, CO area? The team here at Premier Group Insurance is here to help you protect your RV. If you want to learn more about the available policy options, give our office a call today.

We look forward to working with you!

RV insurance is a must in Lakewood, CO. Not only is it the law, but it also protects you and your family while you enjoy the great outdoors. Here are some of the top benefits of RV insurance:

1. Liability Coverage

This type of coverage protects you financially if you’re found responsible for damages or injuries sustained by another person. It can help cover the costs of medical expenses, property damage, and legal fees.

2. Coverage for Your Vehicle and Contents

Comprehensive coverage protects your RV from damage caused by vandalism, theft, and natural disasters. This policy type also covers theft of belongings inside your RV. Your Premier Group Insurance representative can help you determine the right level of coverage for your needs.

3. Collision Coverage

This part helps pay for damages to your RV in Lakewood, CO if it’s involved in a collision with another vehicle or object. It can also help cover the costs of towing and repairs. You should have at least as much collision coverage as the value of your RV.

4. Roadside Assistance

An excellent option available with some policies is roadside help. This can come in handy if you have a flat tire, run out of gas, or experience any other type of mechanical issue while on the road. Consider adding this coverage to your policy if you don’t already have it.

When it comes to RV insurance, it’s essential to make sure you have the right coverage for your needs. At Premier Group Insurance, we can help you find the perfect policy to fit your lifestyle. Call us today to learn more about our RV insurance options.

Before You Get Out On The Open Road, Are You Covered?

Purchasing and riding a motorcycle in Lakewood, CO is a huge responsibility. In fact, it’s a huge responsibility no matter where you are. However, it is important to have the right insurance agent who is conversant in motorcycle insurance in Colorado. The professionals at Premier Group Insurance serve Lakewood, CO and surrounding areas in the region. They will be able to tell you exactly how your lifestyle meshes with your motorcycle use. They will explain the importance of the right protection for your motorcycle policy.

Do You Have To Add "Junior" To Your Motorcycle Insurance Policy?

Motorcycle insurance is similar to automobile insurance in that the amount of time your child is riding with you on a motorcycle is the basis for whether or not they should be included in the policy. Whether your child resides with you is another determining factor.  This is something you should discuss with your insurance agent at your first opportunity. In short, if you plan on having your child ride with you frequently, it may be a good idea to add them to the policy. 

Colorado Requires All Motorcycle Riders Under The Age Of 18 To Wear A Helmet

Premier Group Insurance has a staff that understands the nuances of your motorcycle insurance policy. Moreover, the professionals at Premier Group Insurance possess the know-how to ensure that your policy is compliant with Colorado mandates, like the one above. The bottom line is you do not have to figure this out for yourself. Call us today at 877-430-0092.  Visit our user-friendly website. We will begin the conversation with you to understand your motorcycle insurance needs. Together, we can ensure that your motorcycle insurance coverage is complete and works for you. 

Since floods are common in America, you need flood insurance to protect your home. And the fact that home insurance doesn’t cover flood insurance, the more reason to invest in flood insurance from Premier Group Insurance of Lakewood, CO. But how much flood insurance do you need? If you are unsure of the amount required in Colorado, keep reading for insights.

It depends on the mortgage lender

If you have secured a mortgage from a federal-regulated lender, you must invest in flood insurance that covers the principal loan amount. However, remember that the lender-required flood insurance may never be adequate for your home. Why do we say so? If the outstanding loan balance is less than the cost of rebuilding your home, you may incur out-of-pocket expenses when floods damage your home.

So, when deciding to know the amount of flood insurance you need, keep the following in mind:

• Cost of rebuilding your home: Ideally, the amount of flood insurance needed should equal the home replacement value and not the market value or the outstanding mortgage balance. Using the home insurance dwelling coverage can be an excellent guide to establishing the required amount of flood insurance.
• The cost of replacing personal assets: Like your dwelling, your personal assets matter too. Be sure to compile your belongings to establish the actual value. Come up with a home inventory with the price and description to establish what you own. The amount of flood contents insurance shouldn’t be less than the replacement value of your assets.

You also need to note that flood insurance provided by the National Flood Insurance Program (NFIP) is limited to $250,000. So, if you need higher coverage, you should consider flood insurance from private carriers.

Learn more about flood insurance in Lakewood, CO

Figuring out how much flood insurance you require can be challenging. For this reason, please get in touch with Premier Group Insurance for guidance.