How Does Condo Insurance Differ From Home Insurance Policies?

One of the most frequent questions that we at Alliance General Insurance Agency, serving the greater Denver, CO area, are asked about condo insurance is, how does condo insurance vary from home insurance? If you are purchasing your first condo, here is some information that you should know about the two primary differences. 

Dwelling Coverage

One of the major differences between condo and home insurance policies is how much dwelling coverage you need. When you have a home, you need enough dwelling coverage to rebuild your entire home. When you have a condo, you are not responsible for the exterior of the building or the other units. You only need enough coverage to replace what is contained in your unit, including the walls, electrical wiring, and floors. This is significantly less than the amount of coverage you need for a home. 

Liability Coverage

The other significant difference is liability coverage. While you may still be liable if someone gets injured in your actual condo, you are not liable if someone is injured outside of your condo, such as in the joint space or on the sidewalk. In this case, the owner of the condo building would be liable, not you. This is not the case with a home, as you may be liable for the entire property, including your front and backyard, and the interior of the home. As such, you typically need much less liability coverage with a condo policy than you do with a homeowners insurance policy. 

When you are in the market for condo insurance in the greater Denver, CO area, let the Alliance General Insurance Agency assist you. Give us a call today to discuss your needs and let us put together a condo insurance policy that meets your needs. 

Paying Life Insurance Out To A Minor

When you list a minor as a beneficiary in your will or your life insurance, the very best way to ensure that they get what’s coming to them is through a trusted adult.

The law does not allow any insurer you’re going to find through Alliance General Insurance Agency or any other agency to pay out directly to the minor. This law means that the courts will have to appoint a guardian to handle the money until the child has reached adult age. This is federal law and extends well beyond Denver, CO or anywhere in Colorado.

A court appointed guardian to manage the money can get very expensive very quickly, eating up the entire life insurance payout long before the minor is old enough to collect.

If you want to make sure that the money gets to the minor when they’re of age, you need to have that money going to a trusted adult with the understanding that their job is to sit on it until the recipient is of age. This responsibility takes a lot of trust, as nothing is stopping them from collecting the money for themselves, so you need to be very careful with this decision.

This decision doesn’t need to be the minor’s parents or even a family member. This person can be a longtime friend, your spouse, or even a business partner who you’ve always known to be reliable.

Alliance General Insurance Agency in Denver, CO can help you find a Colorado insurer who can cover all of your life insurance needs, but managing the payouts can be tricky. Talk with one of our agents to learn more about the stipulations of life insurance. We can help you make decisions and change your life insurance policy to how you see fit.

Why Homeowners Need Liability Insurance

At Alliance General Insurance Agency, we understand our clients need a comprehensive home insurance policy customized to their home and their budget. One critical area not to overlook is liability insurance. When you meet with your agent, you’ll learn more about the importance of a policy that offers a high level of liability insurance. It may protect you from costly lawsuits and legal fees.

What Does Liability Insurance Do?

Liability insurance provides financial support to the homeowner if and when a claim of negligence is made against them. For example, if a child is visiting your home falls and hits his head, you may be responsible for any medical bills required to help that child. Liability insurance can also help in instances of someone falling outdoors, such as tripping on your uneven driveway. Perhaps a branch from your tree falls on the neighborhoods roof, damaging his home during a storm. This is an instance where you may be responsible for the losses.

Why Does It Matter to You?

Since we serve a broad range of residents throughout the Denver, CO area, we often find that liability insurance claims are rather common. Any one of the previous examples can result in expensive costs. If such a claim goes to court or a lawsuit is filed, you may even have to pay an attorney to defend you. With liability insurance, many of these costs do not come out of your pocket.

Get the Help You Need Today

Serving Denver, CO, Alliance General Insurance Agency provides a broad range of home insurance policies to minimize your financial risk in owning a home. It is always our goal to help you find the right fit. Call our experienced home insurance agents to learn more about the coverage we offer to help meet your goals.

What Type of Insurance Should a Small Business Have?

If you own a small business in the Denver, CO area, you may not be sure what kinds of insurance you need. The answer will depend on the type of small business you run as to which types of insurance you need. You want to be covered, but you don’t want to waste resources for insurance you don’t need. Here are a few insurance types that your business may need to protect your hard earned investment. 

  • General Liability Insurance – is something all businesses need, even if your business is home-based. It provides coverage to a third party if you, an employee, or your product or service causes injury or property damage.
  • Property Insurance – covers personal business property, such as office equipment, tools, and inventory. If you own the building, it will help cover it against things like weather, theft, or fire. 
  • Commercial Auto Insurance – is necessary if you own company vehicles or employees use their own vehicle for business associated with your business.
  • Professional Liability Insurance – is designed to cover professional services provided that may be rendered improperly. General liability does not cover professional services, such as lawyers, consultants, accountants, notaries, and other professionals.
  • Data Breach Insurance – if your business stores sensitive information about employees or clients, it will provide protection against losses.
  • Business Owner Policy – is designed to provide a package of policies you need and will be designed specifically to your company’s needs.

Alliance General Insurance Agency

The agents at Alliance General Insurance Agency in the Denver, CO understand the importance of insurance coverage for small businesses. Sorting out which types of insurance are best for your unique business can quickly become confusing. Contact an Alliance General agent today to review your options.

How the High Altitude of Colorado Affects Your Car

No matter where you live, the environment is going to have some effect on your auto. If you live near the beach, you’ll want to invest in regular washing and waxing to keep the salty sea air from damaging the finish and the body of your car. If you live somewhere with harsh Winters, you need to learn how to let your car warm up before you pull out of the driveway. In Colorado, it seems to be the altitude that really does a number on your vehicle if you’re not careful.

The main thing affecting your engine in Denver, CO is the lower air density. This means less compression, so all the vital components of your fuel, the nitrogen, oxygen, and argon, are being drawn into the cylinder at a lower rate than if you were closer to the coast. The difference works out to something like three to four percent power loss for every thousand feet above sea level. In Denver, at just over 5,000 feet above sea level, this would be a loss of anywhere from fifteen to twenty percent of the car’s advertised horsepower, so a 200 hp car, for instance, would only be going at about 150-170 hp. Closer to the continental divide and that number will get smaller. If you’re wondering why you can’t do zero to sixty in Colorado like you could in California, there’s your answer.

The upside:

You can go ahead and use lower octane gas in Denver, CO and it won’t make that big of a difference.

Some cars are built to work around this issue, with most newer vehicles using a fuel delivery system that accounts for differences in pressure. Fuel injection systems can negate the difference as well.

With regular maintenance and a policy through Alliance General Insurance Agency, your car won’t suffer any serious damage due to altitude. Give us a call to find out more about what we can do for your auto insurance at Alliance General Insurance Agency.

Is your CO home ready for vacation season?

Buying your first home in Denver, CO can be exciting but protecting the home that you love is and should be a priority. As we approach vacation season, protecting your home with home insurance is more important than ever. Our agents at Alliance General Insurance Agency understand how important your home is which is why it is our mission to deliver top quality home insurance. If you are moving into your home and haven’t considered how you will protect it from unforeseen incidents like burglary, weather disasters, or fires, allow our agents to provide you with the information you need to make the best choice for you and your family. Whether you’re worried about snow or break-ins, we will help pick the right insurance for you.

At Alliance General Insurance Agency, we understand how difficult or complicated it can be to choose the ideal home insurance. After all, this is the net that will ultimately catch you and your family in some of the most vulnerable times of your life. Our agents will walk you through the process and answer your questions that address a concern. We make it our priority to ensure that the process of choosing home insurance is seamless and as simple as possible. Your home is more than just a place to provide shelter. Ensuring its safety means ensuring the safety of your property as well.

It’s never too soon to choose home insurance to protect the place you call home, your precious possessions, and your family that you love. Jot down your questions, concerns, and what you want from your home insurance and bring it into our office in Denver, CO. Our agents will carefully guide you through the selection process or visit our website to try our online rating tool for home insurance quotes.

5 Tips to Teaching Teens Safe Driving Habits

Having insurance coverage from Alliance General Insurance Agency in Denver, CO will protect your teen in the event of an accident. Insurance, however, won’t reduce the risk of accidents. Safe driving increases a teen’s level of safety on the road which can help prevent accidents from occurring. The following tips can help you teach your teen safe driving habits.

Set Strict Standards

Rather than give your teens free reign to drive a vehicle after receiving their license, consider imposing driving restrictions that will encourage your children to drive responsibly to earn greater freedom. Some restrictions could include limited night driving, limited passengers (teen friends) in the vehicle, and restricting the use of cell phones while driving.

Share Family Vehicle

Consider having your teen share the use of your family vehicle as opposed to buying him a car of his own. Teens are more likely to drive responsibly in their family’s vehicle.

Impose Consequences

Depending on the teen, you may want to impose consequences for driving recklessly or breaking restrictions. Consequences could include a loss of driving privileges temporarily or restricting driving to and from certain locations during certain times.

Set the Example

If you want your teens to learn how to drive safely then show them how through example. Stay within speed limits, don’t text or talk on your cell when driving, and avoid tailgating. Be a conscientious and courteous driver. Your teen will learn to do the same. Teach your teens the importance of practicing defensive driving.

Maintain Adequate Insurance Coverage

Safe driving includes having adequate car insurance to protect yourself and others on the road. By discussing insurance options with a representative from Alliance General Insurance Agency in Denver CO, you can obtain the insurance coverage you need. Reach out to us by phone or feel free to visit our office.

Protect your Denver, CO home from the elements with home insurance

When you are a homeowner, you have a lot of things on your mind. You have to make sure that your home and everything around it is in immaculate condition, ranging from the color of your house to the health and quality of your lawn. You also have to keep your family happy, making sure that they have everything that they need in life. To be able to reliably do either, however, residents of Denver, CO needs to make sure that they have adequate home insurance to protect them from everything that may threaten their home – including and especially the elements.

Weather can be a rather chaotic thing. One moment everything can be fine and dandy like sour candy, the next moment you are dealing with 120 miles per hour wind speeds, tornados, earthquakes, thunderstorms, floods, etc. You could certainly cross your fingers and hope that none of these natural occurrences decides to pay your house a visit, but no matter what, you will always be at risk of being affected by them. The only difference you can make while living in Denver CO is whether it happens to you while you are protected by a quality home insurance plan or whether you are about to be left high and dry, forced to start over from scratch thanks to a tornado tearing through your home.

There is all too much uncertainty when owning and maintaining a house, especially with how chaotic and out of nowhere the elements can be, even in Denver, CO. If you are ready to get the home insurance that you need, contact Alliance General Insurance Agency online and we will sort everything out and get you the insurance coverage that suits your needs.

Can High Altitudes Affect Your Home In Colorado?

Denver, CO’s high altitude offers homeowners here some of the cleanest air in the country, it makes for beautiful sunsets, and the night sky puts you so close to the stars it feels like you could touch them. However, the high-altitude brings some downsides, as well. Some people have serious trouble adjusting to the thinner oxygen, for instance. Many athletics teams will train at higher altitudes in order to develop greater endurance for playing at lower altitudes.

Differences in altitudes can even affect your home. For instance, while heat rises, air also tends to cool on its way up. This means that a hot Summer day may actually turn out to be quite mild in Denver, CO, it also helps to explain why the Winters here can be so cold. At the same time, the sun tends to beat down a little harder at a higher altitude, so even on a fifty degree day, you may see your roof tiles start to warp from the direct sunlight blasting at them all afternoon. The sun can also damage the color of your home, bleaching it out. You can use tinted windows to keep the sun from fading your carpets too quickly.

There tends to be less moisture this far away from the sea level, and on the upside, this means that mold usually doesn’t set in in Colorado unless there’s a long history of neglect. But the dryness can do a lot of damage to hardwood floors and wooden foundations, leading to cracking and splintering.

Alliance General Insurance Agency can help connect you to a great home insurance plan, but Alliance General Insurance Agency can not make up for a little tender love and care shown towards your home. Take care of your house and it’ll take care of you.

Things to Consider When Comparing Auto Insurance Policies in Denver, CO

People depend on their vehicles to get them to work and around in their daily lives.  When shopping for the car insurance, the variety of options are numerous.  Most states, including Colorado, require that drivers maintain minimal liability insurance.  This, however, does not protect in situations where the driver has an accident with someone who is uninsured or underinsured.  It is also important to note that while it will cover the other driver’s car repair and medical expenses if you are at fault for an accident, it will not provide for your expenses.  You will need to determine whether a comprehensive or liability policy would be better for your situation. 

The next step is to determine the level of coverage that you need and can afford.  Serving drivers in the Denver, CO area, the professionals at Alliance General Insurance Agency can discuss the various options that are available to you.  You will also need to decide on the appropriate level of personal accident coverage. 

Many people when looking for an auto insurance policy only consider the price.  In the end, this can cost the policy-holder more money if they are not adequately covered.  You can search for a quote at Alliance General Insurance Agency before you call or visit them. Their industry knowledge enables them to show clients a variety of potential policies that will meet their needs. They will explain the provisions in collision and comprehensive policies.  Many lenders require that these types of policies are maintained when a car is financed.  In simple terms, collision covers the car’s value less depreciation.  Comprehensive policies cover all other damage not related to an accident, such as theft.  can help you get covered quickly!