Why should I get collision coverage if it is not required by law under the minimum auto insurance requirements?

Life is full of expenses, and it can sometimes be difficult to figure out which expenses are really necessary.  When you get an auto insurance policy at Davidson Insurance Agency, we explain the requirements and all your options. There are a surprising number of options when choosing your plan. Driving in Evergreen, CO can be unpredictable, and you want to make sure you have a level of protection you’re comfortable with.

What Does Collision Coverage Add to Your Policy?

Minimum coverage only protects you if you are liable in an accident, and the level of protection is usually not very high. Collision coverage adds an important protection that many people mistakenly assume they already have. 

When you only have liability insurance, you don’t have protection for your own vehicle if you are at fault in an accident. Even if your vehicle is totaled, you will be responsible for replacing your vehicle if you decline collision coverage. 

Keep in mind that collision coverage is only for collisions and will not help in other situations such as hail, falling trees, or vandalism.

Get the Protection You Need

When you are making decisions about your auto insurance, you should speak with your agent about your deductible too. It may seem cheaper to get a higher deductible, but you could regret it if there is an accident and you are unable to pay the deductible and get back on the road right away, Protect yourself and your family in Evergreen, CO with auto insurance that meets your needs. If you would like to change your policy or if you just have questions about your current policy, please call Davidson Insurance Agency today.

What benefits does umbrella insurance provide for my small business?

A lot of people don’t realize how inexpensive but practical umbrella insurance can be. You can get a large amount of extra protection at a surprisingly low price when you purchase an umbrella policy for your Evergreen, CO small business. At Davidson Insurance Agency, we know how to help you find coverage that works for you.

What Is Umbrella Insurance?

An umbrella insurance policy simply extends coverage beyond your normal insurance. If you have multiple kinds of insurance for your business, as most do, your umbrella policy will protect you in all those areas. It is common to get an umbrella policy for at least an extra million dollars worth of coverage.

For instance, if someone falls on your property and their injuries exceed your regular insurance. Your policy will stop paying once you reach your maximum. Without an umbrella policy, your business might have to pay for those injuries.

What Else Does Umbrella Insurance Help With?

Umbrella insurance also adds other kinds of protection not normally available under a traditional policy. Under your regular policy, there are usually exclusions for events like false arrest, libel, and slander. Your umbrella policy may provide protection for you in these areas and others.

How Does Umbrella Insurance Work?

You will not be able to use your umbrella coverage until you reach the maximum on your regular policy. Depending on the circumstances, that could happen quickly. A large lawsuit could permanently harm your business without protection.

You can have this protection for your business at a reasonable price. Call Davidson Insurance Agency today so we can show you how umbrella insurance can protect your Evergreen, CO small business.

Four problems you can avoid with home insurance

Home insurance is an important asset to any homeowner. At Davidson Insurance Agency, we insure homes in Evergreen, CO.

Carrying home insurance can save homeowners from a variety of problems.

The following are four problems you can avoid with home insurance:

Facing high liability expenses due to a lawsuit

Homeowners sometimes face lawsuits because of accidents that occur in their homes. These lawsuits can lead to high expenses. Fortunately, home insurance protects you against expenses that result from liability issues in your home. 

Being unable to get financing for a home purchase

Home insurance is a requirement for mortgage loans. Your lender won’t approve you for a mortgage unless you purchase insurance for the property that you have financed. 

Losing investments that you make in your home

Without insurance, you will have to pay out of pocket for repairs to your home. This puts the investments you make in your home at risk. When you have home insurance, your home can maintain its value without any expense for you when accidents occur that cause damage to your property. 

Having nowhere to stay if your home is uninhabitable

Damage to your home caused by an event like a fire or a plumbing emergency could make it so that you can’t stay in your home anymore. One of the best features of home insurance is that it can offer coverage for alternative living quarters while your home is being repaired. 

Reach Out To Us

Let us insure your home at Davidson Insurance Agency to save you from all kinds of headaches. Call us so that you can get a quote on a home insurance policy for your property in Evergreen, CO. 

Tips to improve your gas mileage

Gas mileage is an important factor in any modern car here in the Evergreen, CO area. We at Davidson Insurance Agency have a few steps you can take to make sure that your gas mileage is as efficient as possible. 

Tips to improve your gas mileage

1. Check your tires:

Making sure your tires have the correct tire pressure can significantly improve your gas mileage. According to the Department of Energy, properly inflated tires can improve gas mileage by up to 3.3%. 

2. Drive at a steady speed:

Consistent speeds will help you get more miles out of each gallon of gas. If you drive faster than the speed limit, this will reduce your fuel efficiency so stick to the posted speed limit when possible. 

3. Use cruise control:

Cruise control is a great way to keep consistent speeds while driving long distances. When used correctly, it can help improve your overall gas mileage over time. 

4. Avoid excessive idling:

Sitting in traffic or letting the car idle for too long will waste fuel and reduce your overall gas mileage over time. If you’re going to be stuck in traffic for more than a minute or two, it would be better to turn off your engine and start it back up again once traffic begins moving again. 

5. Remove excess weight:

Carrying around extra cargo puts unnecessary strain on the engine and reduces fuel efficiency, so make sure that only necessary items are in your vehicle at all times when possible. 

Keep Your Auto Insurance Updated

By following these simple tips, you should be able to improve your car’s fuel efficiency and save some money on gas in the process! For more, give us at Davidson Insurance Agency a call today. We proudly serve the Evergreen, CO area and would be happy to help you.

Tailoring Your Umbrella Insurance Coverage to Your Lifestyle

As a resident of Evergreen, CO, it’s important to ensure you have the right insurance coverage in place to protect your lifestyle and assets. While you may already have several insurance policies in place, such as auto and homeowners insurance, there may still be gaps in your coverage. That’s where umbrella insurance from Davidson Insurance Agency comes in.

What is Umbrella Insurance?

Umbrella insurance provides additional coverage beyond what is offered by your primary insurance policies. It is designed to protect your assets and provide extra liability protection in the event of a lawsuit or other unexpected event. However, not all umbrella insurance policies are created equal. It’s important to work with an experienced insurance agent who can help you tailor your coverage to your specific needs and lifestyle.

Examples of Customized Umbrella Insurance Coverage

Your umbrella insurance policy can be customized to fit your specific lifestyle and needs. For example, if you own a boat or other watercraft, you may want to consider additional liability coverage to protect against accidents or injuries that may occur while boating. If you frequently entertain guests in your home, you may want to consider additional liability coverage to protect against potential accidents or injuries that may occur on your property. We can work with you to determine the appropriate amount of coverage needed to protect your unique lifestyle and assets.

Customizing Your Umbrella Insurance Policy

At Davidson Insurance Agency, we understand that every client has unique insurance needs. That’s why we take a personalized approach to insurance coverage, working closely with clients to assess their risks and tailor their policies accordingly. We can help you customize your umbrella insurance policy by determining the appropriate coverage limits, deductibles, and additional coverage options needed to provide adequate protection for your assets and lifestyle.

Contact us today to learn more about our Evergreen, CO umbrella insurance options and to receive a quote.

How does home insurance protect someone in Colorado?

Being a property owner in the Evergreen, CO area can be a great option for many people. When you are looking to own a home in this part of the state, getting insurance for it should be a priority. When you are insured with a home insurance plan, it can help to protect you in various ways. 

Cover Your Assets

One of the benefits of investing in a home insurance plan in this part of the state is that it is a great way to cover your assets. When you purchase a home, you will likely be making the largest investment and purchase of your life. An ideal way to ensure this investment is protected is by getting a home insurance policy. When you get this coverage, it will offer support to help repair your home if you incur damage from fire, vandalism, or other covered claims. It will also offer coverage for personal items up to a certain amount. 

Reduce Liability Risks

Your home insurance plan will also help to reduce your liability risks. There are various liability risks that come with owning a home and being found liable for an accident could cause a claim. When you have a home insurance plan, it will provide some liability coverage that can help to mitigate these risks. 

Reach Out To Us!

If you are looking to buy a home and you live in the Evergreen, CO area, you clearly will want to get insurance for it. A great way to ensure you are selecting the right plan for your situation is by calling our professionals with Davidson Insurance Agency. If you do call our team with Davidson Insurance Agency, you can be assured that you will receive proper guidance to assess your needs and options and select your next policy. 

Reasons Auto Insurance Doesn’t Cover Food Delivery or Rideshare

Food delivery and rideshare companies don’t offer their drivers any insurance coverage. Most don’t even offer them a vehicle; why insure them? Food delivery is different in that food wouldn’t get hurt in an accident and involve the company in legal proceedings. 

Rideshare, on the other hand, involves people who get hurt in traffic accidents. The wise rideshare driver seeks out Davidson Insurance Agency in Evergreen, CO for rideshare insurance as well as commercial insurance for food delivery.

Why Doesn’t Auto Insurance Cover Food Delivery or Rideshare

Since the recent medical unpleasantness, the safe delivery of everything from people to food and medicines to building supplies has soared. This means risk, which means that pizza delivery and Lyft drivers have to pay extra for commercial insurance.

Why Don’t Companies Give Drivers Auto Insurance?

They do, but it only kicks in after the driver’s insurance has been maxed out. The snag to that is the driver is covered on the actual delivery but not while driving to the store to pick up the food. That gap is where the trouble lies. 

Another snag is that delivery driving covers a lot of territories:

    • Delivering filled prescriptions from a pharmacy

    • Delivering groceries or meals for the elderly or the homebound

    • Delivering packages from eBay or Amazon with, for instance, your personal vehicle

    • Delivering legal papers

    • Delivering people to doctors and hospitals using your personal vehicle

In these cases, does this still mean commercial auto insurance is needed? Yes, if the purpose of driving is business and not personal.

We Are Here To Help!

It can be sticky navigating delivery driving. Most drivers get around it by not using a company sign on the vehicle. Davidson Insurance Agency in Evergreen, CO will help you navigate auto insurance if you deliver anything, and we’ll do it painlessly. Drop by the office today or call to learn more about it.

Three things you shouldn’t do when you buy umbrella insurance

Buying umbrella insurance is one of the best things you can do to achieve complete financial protection. Without umbrella insurance, your assets may be at risk. We can assist you with your umbrella insurance needs in Evergreen, CO at Davidson Insurance Agency. 

The following are three things you shouldn’t do when you buy umbrella insurance

Failing to purchase an adequate amount of umbrella insurance

The amount of coverage you purchase is one of the biggest decisions you make when you buy umbrella insurance. Umbrella insurance is typically sold in increments of $1 million.

Buy enough umbrella insurance coverage to cover the complete value of your net worth for total financial protection. 

Not fully understanding what umbrella insurance covers

Some consumers buy umbrella insurance without really understanding what expenses they’re getting covered. One of the most important things to realize is that umbrella insurance will not cover consumers directly for loss or damages to their own possessions. Instead, umbrella insurance offers coverage for liability expenses. 

Neglecting to update your umbrella insurance policy over time

It’s a good idea to reevaluate your umbrella insurance policy once in a while. You might want to make some changes to your policy including the amount of coverage your policy includes.

If your net worth goes up, it’s best to add on more umbrella insurance coverage. Updating your umbrella insurance once in a while helps to avoid leaving your valuable assets unprotected. 

Give Us A Call

If you’re ready to buy umbrella insurance, get in touch with Davidson Insurance Agency. We provide umbrella insurance policies to consumers in Evergreen, CO and surrounding areas. Call us to get a quote on a policy that will protect your finances. 

Do I Need Home Insurance After Paying Off My Mortgage?

Congratulations! You’ve finally done it—you’ve paid off your mortgage. But now you may be asking yourself, do I still need home insurance in Evergreen, CO after paying off my mortgage? 

Yes, home insurance is still needed after you have paid off your loan. Davidson Insurance Agency explains why.

The Importance of Home Insurance

Home insurance provides financial protection for you and your family in the event of any major damage to your home or property, such as a fire or natural disaster. Without home insurance, any repairs that need to be made would come out of pocket, which can be financially devastating. It is still important to keep coverage on file to protect yourself from unexpected events.

In addition to protecting your finances, many states also require homeowners insurance for certain reasons. For example, lenders often require proof of homeowners insurance before approving a loan or refinancing an existing loan. This protects the lender from taking on additional risk by extending credit without the security of an insurance policy backing it up.

Types of Coverage You Need

Now that you know why home insurance is necessary, let’s discuss what kind of coverage you need. The most common types of coverage include dwelling coverage and liability coverage. Dwelling coverage covers physical damages caused by natural disasters like fires or floods while liability coverage offers protection against someone getting hurt on your property and covers legal costs associated with a lawsuit if necessary. 

Home insurance should always remain in place even after paying off your mortgage. It’s important to understand what type of coverage you need so that you are properly protected from any potential issues that may arise down the road. More questions? Contact Davidson Insurance Agency in Evergreen, CO today.

What Is Electric Car Insurance and How Can I Get Coverage in Colorado?

An electric car is a vehicle that runs on electricity instead of gasoline or diesel. Because electric cars are still relatively new and not as common as traditional cars, they may not be covered by your regular insurance policy. It is important for electric car owners who want to get coverage for an electric car to know they may need to purchase a separate electric car insurance policy. Davidson Insurance Agency in Evergreen, CO is here to assist with all related queries.

How Does Electric Car Insurance Compare To Traditional Car Insurance?

Traditional car insurance policies cover accidents, damage to the vehicle, and liability. Electric car insurance policies typically only cover accidents and damage to the vehicle. They may not cover liability if someone is injured in an accident due to your negligence.

What Are Some of the Things Electric Car Drivers Need To Know About Their Coverage?

Some things electric car drivers need to know about their coverage include that they may not be covered for accidents caused by mechanical problems with the car, weather conditions (like rain or snow), and reckless driving.

What Kind of Auto Insurance Covers Electric Cars?

Electric car insurance coverage is different than insurance for gas-powered vehicles. Car insurance quotes for electric vehicles may be slightly higher than car insurance for non-electric, gas-powered vehicles. A licensed insurance agent can explain the difference in coverage for an electric car versus that of gas-powered vehicles that require traditional auto insurance coverage.

Get Electric Car Insurance Today

When you need electric car insurance in Evergreen, CO and surrounding areas, contact Davidson Insurance Agency! A licensed insurance agent at Davidson can explain available coverage options and offer drivers an electric auto insurance quote in Colorado.