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Three things that your umbrella insurance policy can do for you

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When you’re on the market for umbrella insurance coverage in Colorado, we’re here to assist you at Aspen Insurance Agency.

We think it’s important that consumers realize all the benefits they can enjoy with umbrella insurance.

Here are three things that your umbrella insurance policy can do for you:

Pay for a legal defense in the event of slander or libel accusations

You could face a slander or libel lawsuit because of statements you make that other parties find to be financially damaging. In this case, you’ll need a legal defense. Umbrella insurance covers the policyholder’s legal costs in the event of a slander or libel lawsuit.

Supplement your home and auto insurance policies.

While home and auto insurance policies are important, they have some limitations. Home and auto insurance policies have policy maximums. If the costs of a lawsuit you face exceed these policy maximums, you’ll have to pay out of pocket for the rest.

Fortunately, umbrella insurance can supplement your home and auto insurance policies. With umbrella insurance, you won’t have to pay for liability expenses even in situations where these expenses are extremely high.

Safeguard your assets

If you don’t have umbrella insurance, you could lose valuable assets due to liability expenses. With umbrella insurance, you can be sure that your assets are protected regardless of what the future holds.

Contact our Office!

The umbrella insurance we offer at Aspen Insurance Agency can shield you from life’s uncertainties. If you’re a consumer in Colorado, give us a call today! We’ll provide you with a quote on a policy that will ensure your peace of mind.

Lapsed Auto Insurance? Here’s What You Can Do About It

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Auto insurance is vital in keeping your car and driving record in good standing. Continuous auto insurance coverage is a state requirement for any vehicle registered in Colorado. Working with a knowledgeable auto insurance company will help you ensure you’re always in compliance with state laws. Aspen Insurance Agency proudly serves Colorado to keep drivers on the road.

What Happens When Auto Insurance Lapses?

If your auto insurance lapses, the DMV will issue a written warning notice from the DMV’s Insurance Compliance Unit. If there’s been a mistake (for example, if you switched insurance companies but maintained continuous auto insurance coverage), you can mail any documentation relevant to your warning to the DMV for review. After the warning notice is sent, a fine will be applied to your driving record, and your registration may be suspended.

What Can I Do About My Lapsed Insurance?

Depending on the reason for your insurance lapse, there are a few steps you can take:

  • Bring your registration current: If your registration was suspended due to lapsed insurance, you’ll have to pay a $200 fine. You can pay the fine online, by phone, or by mail.
  • Pay any lapsed coverage fines: If you want to insure any vehicles, you’ll need to pay off the fines that were applied to your record.  
  • Request a hearing: If you want to dispute your fines, you can request a hearing with the DMV and provide any documentation you have as proof of your continued coverage.

Reach Out To Us

Once your registration is current, fines are paid, and insurance is reinstated, you’ll be compliant with the DMV’s laws and regulations. If you need help ensuring your car meets these requirements in Colorado, contact our insurance agents at Aspen Insurance Agency.

Rental Insurance: Protecting Your Colorado Property from Natural Disasters

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Living in the beautiful state of Colorado comes with its unique set of challenges, one of which is the potential for natural disasters. From wildfires to hailstorms, these events can cause significant damage to your rental property. This is where rental insurance from Aspen Insurance Agency can provide essential protection.

Understanding Natural Disasters

Natural disasters refer to extreme, sudden events caused by environmental factors that injure people and damage property. In Colorado, these can include wildfires, floods, severe storms, and more. The aftermath can be costly, with potential for property damage and loss of personal belongings.

How Rental Insurance Provides Protection

Rental insurance plays a crucial role in managing the financial impact of natural disasters. It can help cover the costs associated with damage to your personal property. This includes furniture, electronics, clothing, and other personal items that could be damaged or destroyed in a natural disaster.

Preventing Damage in Your Colorado Rental Property

While having rental insurance is vital, it’s equally important to take proactive steps to prevent damage. Regular property maintenance, installing safety features, and being aware of local weather conditions can all help reduce the risk of damage from natural disasters.

Aspen Insurance Agency: Your Partner in Rental Protection

At Aspen Insurance Agency, we understand the unique risks faced by renters in Colorado. We’re here to help you navigate the complexities of rental insurance and ensure you have the right coverage to protect your rental property from natural disasters and other potential damages. Contact us today to learn more about our rental insurance options.

Securing Your Home Against Landslide Damage in Colorado: A Home Insurance Perspective by Aspen Insurance Agency

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Colorado’s diverse landscape, while beautiful, can sometimes pose challenges for homeowners. One such challenge is the risk of landslides. At Aspen Insurance Agency, we understand the importance of securing your home against such risks and ensuring you have the right insurance coverage.

Understanding Landslide Coverage

Most standard home insurance policies do not cover damage caused by landslides. However, you can purchase a separate policy or an endorsement to your existing policy to cover such events. It’s crucial to understand the specifics of this coverage and how it can protect your home.

Preventing Landslide Damage

While insurance coverage is important, prevention is always better. There are several steps homeowners in Colorado can take to reduce the risk of landslide damage, such as proper landscaping, installing retaining walls, and regular property inspections.

What to Do After a Landslide

If your home is damaged by a landslide, it’s important to know how to navigate the claims process. This includes documenting the damage, contacting your insurance provider as soon as possible, and working with professionals to assess and repair the damage.

Aspen Insurance Agency: Your Partner in Home Insurance

At Aspen Insurance Agency, we’re committed to helping you understand and navigate the complexities of home insurance in Colorado. We can guide you in securing your home against landslide damage and ensuring you have the right coverage. Contact us today to learn more about how we can help protect your home.