What’s the difference between term life insurance and permanent insurance?

Even though it can be uncomfortable to think about why you need life insurance, it is important to start planning as early as possible so that your loved ones will not need to deal with these uncomfortable issues on their own. If you are in Denver, CO, you can speak to the agents at Alliance General Insurance Agency to compare options and coverage amounts.

Life insurance can be used to take care of necessary expenses when a person dies, but a healthy life insurance policy can also provide other needed financial support at a time when it is needed most. It is often used to pay for burial costs, debts, and unpaid medical bills. Families can focus on the important act of grieving instead of worrying about money.

The first thing you will need to decide is whether to purchase term life insurance or permanent insurance, also called whole life insurance. Term life insurance provides a death benefit but has no cash value. Premiums will go up at predetermined intervals, such as after 1, 5, or 10 years, and it can supplement whole life insurance.

Whole life or permanent insurance helps individuals meet long-term goals by allowing users to accumulate the money over time, on a tax-deferred basis. You can even borrow against the cash value of your policy. As long as you pay your premiums, your whole life insurance policy will be in effect. 

Which kind of policy is best for you depends on your current goals. If you are in Denver, CO and want to discuss your options regarding life insurance and find the best policy for yourself or a loved one, please call our friendly agents at Alliance General Insurance Agency today for free advice.

Should You Change Your Homeowner’s Policy When your House is for Sale?

Selling a home is an experience. There are a thousand of little things you never think about until you’re faced with the situation. One of those things might include your insurance policy. It’s not uncommon to wonder how your policy should change when you put your house on the market.

If You Still Live There

It’s not entirely uncommon for people to live in a house until a buyer commits. In these cases, you want to keep a fairly standard policy. You can look into boosting coverage in the short-term just to make sure a minor inconvenience isn’t going to be a deal breaker for buyers. You should also contact your rep at Alliance General Insurance Agency. You want to be sure that they are aware that the house is up for sale and you are prepared to change policies expediently when the time comes.

If the House Is Empty

This is the more common situation, and it represents a unique situation for insurers. Most people don’t realize that empty houses are actually higher risk items than occupied homes. The major reason for this is vandals. When people realize a house is vacant, it becomes a popular target for unscrupulous individuals. Because of this, insurance policies for empty homes are considerably different in scope. They focus on the unique risks and worry less about the problems that only frequent occupied dwellings.

Depending on circumstances, vacant-home policies can have higher premiums than filled homes. A few tricks that might mitigate this (every policy is unique) include alarm or monitoring systems, hiring a live-in caretaker or including regular checkups in a realtor contract. Potential savings will vary, but it might be worth investing in a little extra security to make sure your empty home stays appealing to buyers in Denver, CO.

Insurance can be complicated, and the full range of options rarely fits into a short blog post. If you want help with consideration, just have a conversation with your contact at Alliance General Insurance Agency in Denver, CO. We’ll be happy to help.

Can Commercial Insurance Help Your Business Grow?

With commercial insurance protection, you can have greater confidence to invest in your business to help it grow. Commercial insurance from Alliance General Insurance Agency offers you protection against liability and property damage claims that can deplete your business assets. It also safeguards you against lawsuits from employees due to accidents on the job. This protection enables you to invest your financial resources in ways that will help your enterprise grow.

The following types of commercial coverage can be beneficial to business expansion and growth.

  • Liability – Liability coverage is a must for businesses that receive customers on a daily basis. Liability insurance protects you against lawsuits in the event customers have an accident on your property. Liability insurance will cover medical and property damage costs if a guest who is visiting your business injures themselves or their property. Product liability protects you against lawsuits if a customer is injured by products you make or sell. This protection gives you greater freedom to use business assets for company expansion.
  • Property Damage – Property damage insurance protects your building, equipment, and goods against theft, damage, or loss from fire, vandalism, natural disasters, etc., so you don’t suffer financially. The money you save from property damage repairs can be used to purchase new equipment or expand your inventory to increase sales.
  • Workers’ Comp – Workers’ comp pays for medical expenses and lost wages of employees injured on the job. It also protects your business assets from lawsuits that may arise as a result of accidental injuries on the job. In protecting your workers’ interests, workers’ comp can help you retain valuable employees that can help your business in Denver, CO grow into a powerhouse.

For more information about commercial insurance coverage and the financial security it has to offer, contact Alliance General Insurance Agency in Denver, CO.

The History Of Classic Car Insurance

Classic cars are not something that everyone owns or finds interesting. However, many people in Denver, CO find them to be a favored hobby and do not realize that they can obtain classic car insurance that is specific to their needs and vehicle.

The Classic Car Club of America

The Classic Car Club of America qualifies classic cars as one that is 25 years old or older. However, the distinction made more directly is that the manufacture year of the automobile is between 1925 and 1948 specifically. The hobby of classic cars includes domestic and foreign makes and do not come cheaply. The investment a hobbyist makes in accessories, custom work, and engine displacement requires protection.

In light of classic car clubs, both large and small, insurance companies began to offer insurance that is specific to classic car owners.

Coverage Compliance

State-to-state regulations differ when it comes to vehicle registration and insurance. You will always want to keep abreast of any changes your state makes to required coverage for classic cars. The fact is you may wish to purchase full coverage, and your state may not require it. Personalized classic car insurance was explicitly created for this purpose.

Classic Car insurance is not subject to mileage consideration and fees, making it unique in the area of automobile insurance. A  low premium and guaranteed value also make the coverage unique. A guaranteed value is a mutual agreement of how much an insurance company will charge you for full coverage for your classic car.

We at Alliance General Insurance Agency, serving Denver, CO, is qualified and ready to answer any questions you may have about classic car insurance policies. No question is a wrong question when it comes to ensuring your class automobile’s coverage meets your needs. Reach out to us at Alliance general Insurance Agency to learn how to get started.




Will my policy cover items stolen or damaged outside my apartment?

Alliance General Insurance Agency knows that if you are renting a home or apartment in Denver, CO, you probably realize you need a special renter’s insurance policy to protect your belongings in case of theft or damages.

Whether or not your possessions will be covered by your insurance policy depends mostly on what your insurance policy says. There are some general rules, but to make sure, you need to read your contract and talk to your agent to guarantee you understand the terms.

Normally, your belongings will be covered under your renter’s insurance policy if, for instance, you leave them in your vehicle outside and someone breaks into your car and steals them. Items like laptop computers are portable, and you may think they’re safe for a short time. The damage to the vehicle itself will not be covered, as that will need to be covered under a separate auto insurance policy.

On the other hand, your possessions may not be covered at a storage facility. However, you should either be able to add coverage to your existing renter’s insurance policy or obtain a separate coverage to protect your valuables in the off-site storage facility. Just keep in mind that if you are using your renter’s policy at a storage unit, the coverage might be limited.

It is often necessary to have your possessions away from your home, and you want to be sure you’re protected. If you want to discuss your options, our representatives at Alliance General Insurance Agency will be happy to talk to you about your rental situation in Denver, CO.

Does Motorcycle Insurance Cover Property Damage?

If you own a motorcycle, there’s a good likelihood that it is one of your pride and joys. After all, motorcycles are an American favorite and there is nothing better than enjoying a scenic ride through the outskirts of Denver, CO while feeling the wind blow over your body on a warm sunny day. And while owning a motorcycle is great, it is also paramount that you protect it with the right type of insurance coverage. So Alliance General Insurance Agency brings forth the question:

What does motorcycle insurance cover?

With any type of vehicle, the amount of coverage that you get with motorcycle insurance will depend on the type of policy that you invest in. The higher the amount of coverage, the better protected you will be in regards to compensation. With a liability package, you will only cover property damage and the damage to other cars that are involved in a claim in which you are at fault. 

With a higher level of coverage, you can have peace of mind in knowing that greater compensation will be provided to help deter the cost of damage that occurs to your motorcycle in a claim. For example, if you have full coverage motorcycle insurance, then this means collision coverage is provided. If your motorcycle is involved in an accident and becomes damaged and the other person who is at fault does not have insurance, your insurance can kick in and pay for the damage that occurs to your bike. If you don’t have the monies to pay for damages to your bike, a motorcycle coverage plan would benefit you and keep you financially stable.

To learn more about motorcycle insurance, please contact Alliance General Insurance Agency serving the Denver, CO area. 

What Are the Benefits to an Umbrella Auto Insurance Policy?

It is highly recommended that those who have assets to protect purchase an umbrella policy for their already existing plans. However, what we at Alliance General Insurance Agency, serving the greater Denver, CO area, have learned is that most people do not understand what an umbrella insurance policy is and what the benefits are to one. Here is more information on this topic. 

What Is An Umbrella Policy?

An umbrella policy is a policy that kicks in with extra coverage in case you have exhausted the maximum amounts set by your current insurance policies. As such, if you are involved in a catastrophic auto accident, and your insurance has paid out the maximum amounts, the umbrella policy will kick in, sort of like a rainy day, emergency fund. 

What are the Benefits of an Umbrella Insurance Policy?

The most significant benefit to an umbrella insurance policy is that it protects you in the event that you go over the maximums of your current home and auto insurance policies. In most cases, this occurs because of litigation. If someone sues you because of a car accident or because they were injured on your property, the costs can quickly surpass your policy limits. If they win and your policy has been exhausted, they can come after you for the money that is owed, which can financially ruin you. This type of policy helps to protect you against this happening. 

If you do not yet have an umbrella insurance policy, now is as good a time as any to purchase one. At Alliance General Insurance Agency, serving the greater Denver, CO area, we would love to provide you with the coverage you need. Call us today to schedule an appointment to sit down with one of our agents and discuss your insurance needs.

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.