Turning your house into a rental property is a big step. And one that changes your insurance needs. You’re insuring the same dwelling. But the focus of your coverage changes. If you've recently become a landlord, or if you've been a landlord for many years, you need to know and understand landlord insurance. [...]
With the tragic Marshall Fire destroying about 1000 structures at the end of last year, I figured it was timely to better educate my readers on things you need to look for in your home insurance to be properly covered. It seems as everybody wants the cheapest insurance when they're shopping for insurance. However, when [...]
If you're like most home owners in Colorado, you've seen your rates going up on home insurance. It doesn't matter which company you're insured with, there's an overall trend in Colorado and across the country. That trend is that home insurance rates are too low for the market place and rates are on the rise. What's driving increased [...]
At Premier Mountain Insurance, we often see competitor declaration pages that have minimal coverage. The most basic policies we see offer liability, comprehensive and collision. While this coverage would protect your RV or travel trailer, there are many other coverage that an avid RV owner would likely want. At Premier Mountain Insurance we offer Motor [...]
Think you don’t need life insurance because you’re not married with children? You may want to reconsider. Most of us understand that life insurance makes sense if someone will suffer financially when you die. So, the most obvious example of someone who needs life insurance is the primary earner in a family with children. But [...]
Are you bonded? Do you need to be bonded? Should you require that a contractor doing work for you be bonded? And what does being “bonded” mean? Simply put, bonds are specialized types of insurance guaranteeing specific types of performance. Because they are so specialized, there are thousands of types of bonds. But they generally [...]
I have some advice for you if you’re concerned about possible hail damage to your home. And it may surprise you: Don’t call your insurance company’s claims department. Call your insurance agent instead. For most of you reading this, that’s Premier Mountain Insurance. Here’s why I suggest you start with your agent instead of your [...]
A Charlotte, NC, man having purchased a case of very rare, very expensive cigars insured them against fire among other things. Within a month, having smoked his entire stockpile of cigars and without having made even his first premium payment on the policy, the man filed a claim against the insurance company. In his claim, [...]
Did you know you can insure the tools of your employees? When I first suggest this to many business owners, they often laugh and wonder why would they want to insure their employees tools? The answer is quite simple. For contractors and their employees, tool theft can be a problem -- on the job or [...]
Does your car insurance have split limits or a combined single limit? You probably have split limits. It’s the most common type of automobile insurance coverage. You may not have known that. Or what it means. Let me explain: The state minimum insurance is represented as split limits: $25,000/$50,000/$15,000. The first number represents the most [...]
