Category Archives: Commercial Auto Insurance

Fun Auto Purchase Ideas…What is a bug worth?

It’s so easy to love a bug. Check out our new value guide

Last July we told you about a new way we’re engaging with members over our shared love of cars: a resource we call the Hagerty Make/Model Price Guide. Our newest guide is all about the VW Beetle. At a time when cars were being built for power and pride, the Beetle made a huge statement by being small and driving slow. And that’s where the fun began.

Our valuebug-value guides were made using the Hagerty Valuation Tools®. It’s easy for you and members to use these …

It’s so easy to love a bug. Check out our new value guide

Last July we told you about a new way we’re engaging with members over our shared love of cars: a resource we call the Hagerty Make/Model Price Guide. Our newest guide is all about the VW Beetle. At a time when cars were being built for power and pride, the Beetle made a huge statement by being small and driving slow. And that’s where the fun began.

Our valuebug-value guides were made using the Hagerty Valuation Tools®. It’s easy for you and members to use these tools to help when quoting Nationwide/Hagerty insurance and to keep track of how values change over time. Use it to engage and retain classic-owning members.

See the VW Beetle guide » 17_oct_hpg_beetle

Ready to discuss auto insurance options for you or your business? Contact our team today at our Denver office at 303-388-7216 or our Castle Rock office at 303-688-1251. You can also send us a message any time and we’ll get back to you as soon as possible.

Auto Insurance Tips for the Collector Car Market

Take advantage of the collector car market that’s killing it

In the midst of the fall season, the “upper middle” market (cars valued between $250,000 and a million) continues its long slowdown. This year, only six of the 10 upper-middle vehicles Hagerty® inspected at public auctions sold, down from eight out of 10 in 2015. At this year’s Amelia Island’s Concours d’Elegance, 60% of vehicles were auctioned for less than current Hagerty Price Guide values.

But there’s another market that’s killing it right now: entry-level collector vehicles (valued at $50,000 or less). Nearly 85% of entry-level vehicles Hagerty inspected at public …

Take advantage of the collector car market that’s killing it

In the midst of the fall season, the “upper middle” market (cars valued between $250,000 and a million) continues its long slowdown. This year, only six of the 10 upper-middle vehicles Hagerty® inspected at public auctions sold, down from eight out of 10 in 2015. At this year’s Amelia Island’s Concours d’Elegance, 60% of vehicles were auctioned for less than current Hagerty Price Guide values.

But there’s another market that’s killing it right now: entry-level collector vehicles (valued at $50,000 or less). Nearly 85% of entry-level vehicles Hagerty inspected at public auctions sold this year, up from 75% two years ago, while only 20% of these vehicles sold for less than current Hagerty Price Guide values.

This translates to a huge opportunity for agents. Many members own “fun” cars (including cars from the ’80s, ’90s and 2000s) in addition to their daily drivers, most of which are insured on a standard auto policy. Protect the cars they love properly by placing them where they belong – on a collector car policy – and you’ll build loyalty and retention.

Ready to discuss auto insurance options for you or your business? Contact our team today at our Denver office at 303-388-7216 or our Castle Rock office at 303-688-1251. You can also send us a message any time and we’ll get back to you as soon as possible.

See a sampling of “fun” cars we protect »green-car

Auto Insurance Frightful Facts from Christine

10 things that won’t kill you to know about Christine

Stephen King tachristineught us some important lessons as he ascended the throne and took his rightful place as America’s most prolific author of horror and supernatural fiction. You know, things like: don’t play any pranks on Carrie, never stay at The Shining‘s Overlook Hotel (“Here’s Johnny!”), and for goodness’ sake, tread lightly when dealing with a 1958 Plymouth Fury named Christine.

King takes the classic tale of boy meets girl to frightening heights when a geeky teenager named Arnie falls head over heels in love with a red Plymouth …

10 things that won’t kill you to know about Christine

Stephen King tachristineught us some important lessons as he ascended the throne and took his rightful place as America’s most prolific author of horror and supernatural fiction. You know, things like: don’t play any pranks on Carrie, never stay at The Shining‘s Overlook Hotel (“Here’s Johnny!”), and for goodness’ sake, tread lightly when dealing with a 1958 Plymouth Fury named Christine.

King takes the classic tale of boy meets girl to frightening heights when a geeky teenager named Arnie falls head over heels in love with a red Plymouth Fury with a sketchy past. Christine falls hard for Arnie, too, which would be roses if it weren’t for one tiny detail: the car is a killing machine with a long memory and a short fuse. Moral of the story: Never underestimate the fury of a Fury that just… won’t… die.

As we hand out Halloween candy to all the miniature ghosts and goblins out there, here’s a little something for the big kids – 10 things you may not know about the original Christine movie.

Click to see and share the full list »

car insurance increase
car insurance increase

What’s Fueling Colorado Car Insurance Rates?

Colorado drivers are likely asking themselves “why are my car insurance rates going up?”

Startling insurance loss trends are emerging that put Colorado in the top ten states for growth in insurance claims and costs to pay those claims.

Coloradans are now starting to see those skyrocketing costs add up to higher insurance premiums and they want to know why. Some quick facts to help you better understand Colorado’s volatile auto insurance marketplace, along with potential solutions that would benefit all Colorado drivers.

Bottom-line: There are more auto accidents and each accident is more likely to end up in costly…

Colorado drivers are likely asking themselves “why are my car insurance rates going up?”

Startling insurance loss trends are emerging that put Colorado in the top ten states for growth in insurance claims and costs to pay those claims.

Coloradans are now starting to see those skyrocketing costs add up to higher insurance premiums and they want to know why. Some quick facts to help you better understand Colorado’s volatile auto insurance marketplace, along with potential solutions that would benefit all Colorado drivers.

  • Bottom-line: There are more auto accidents and each accident is more likely to end up in costly litigation.
    • Colorado ranks 4th in the U.S. for growth in number of auto insurance damage claims filed since 2013 with the 2nd highest increase in collision repair costs. Colorado insurance companies recorded a loss of nearly 18% on physical damage in 2014 (Source: Fast Track Monitoring).
      • Traffic fatalities increased 24% from 2014 to 2016 (Source: CDOT).
    • Colorado’s damaging hailstorms cause millions of dollars in damage annually. September 2014 recorded the state’s 4th most costly hailstorm, a July 2016 Colorado Springs hailstorm resulted in the 6th most costly and 2009 the most expensive hail season with $1.4 billion in insured losses (Source: RMIIA).
    • Colorado’s “Lawsuit Tax.” It’s no coincidence that every time you turn on the TV, radio or see an RTD bus or train pass by there is another trial lawyer ad promising you that suing your insurance company will win you more money than the lottery. Unfortunately, due to Colorado’s lawsuit laws that may be true, but insurance companies aren’t the only ones paying. All Colorado drivers ultimately foot the bill for an out-of-control system pushing insurance costs and rates higher. Marketplace drivers like legislative mandates that incentivize lawsuits and exorbitant jury awards are key cost drivers. Colorado Auto Insurance

Fact Sheet: http://www.rmiia.org/downloads/Auto%20Insurance%20Marketplace.pdf 

Ask your Colorado State Legislators to support and VOTE YES on these 4 Colorado auto insurance reform bills:

  • SB-181 “Phantom Medical Costs”: allows Colorado juries to have access to both billed and actual paid amounts for medical care to make more informed and fair settlement judgments. Juries are currently only allowed to see astronomical medical bills initially charged, but never actually paid to treatment providers. These “phantom costs” dramatically drive up damage awarded by the courts.
  • SB-182 “Uninsured Motorists’ Double Dipping”: allows for an offset with combined coverage in a claim, so when med pay is initially paid by your insurer for medical bills that amount would go toward the total amount of a UM/UIM claim, rather than creating a situation where the settlement is more than limits paid for and creating a double dipping coverage situation. The bill would also no longer allow drivers to “stack” all the uninsured motorist policies in their household to collect multiple coverage for one uninsured motorist claim.
  • SB-191, “Market-based Prejudgment Interest”: Colorado law mandates insurers pay 9% interest on lawsuit awards. Given that most investments don’t provide a return of 9% such a high statutory interest rate creates incentive to file a lawsuit and a disincentive to settle a lawsuit. This bill ties judgement award interest to a market-based index to reflect current economic conditions.
  • “Protection Against Vendor Lawsuits”: disallows third party vendors, such as roofers, auto body repair shops from stepping into shoes of insureds, without their knowledge or permission, to sue insurance companies under a contract that is with the policyholder. Settlements represent at least double damages and attorney fees—legal costs that are passed on to all consumers.

During the past five years, premiums collected by insurance companies can’t keep up with skyrocketing claim costs—costing all Colorado auto insurance consumers higher premiums.

Information & Resources: Property Casualty Insurers Association of America www.pciaa.net

Rocky Mountain Insurance Information Association www.rmiia.org

Commercial Insurance Auto Accident
Commercial Insurance Auto Accident

The Basics of Commercial Insurance

Right Coverage for your Commercial Insurance

As a business owner, it is important to ensure all aspects of your company are insured.

Addressing these concerns and the need for insurance early on can potentially save you a few bucks and prevent additional worry.

Determining the kinds of coverage you need is the first step. Professional liability? Worker’s compensation? Commercial insurance? Chances are that if you own a business and have a vehicle that is used for work purposes, you or your company will need to carry commercial  insurance. Since this type of insurance can be vital to your business, you …

Right Coverage for your Commercial Insurance

As a business owner, it is important to ensure all aspects of your company are insured.

Addressing these concerns and the need for insurance early on can potentially save you a few bucks and prevent additional worry.

Determining the kinds of coverage you need is the first step. Professional liability? Worker’s compensation? Commercial insurance? Chances are that if you own a business and have a vehicle that is used for work purposes, you or your company will need to carry commercial  insurance. Since this type of insurance can be vital to your business, you will want to work with an independent agent who can help you determine the best protection for your company, taking into consideration both industry and size of the business.

Below are a few tips to help you find the agent that will help you find the right coverage:

Commercial Insurance Auto Accident

  • Unbiased is Best! An independent agent represent several difference insurance companies, allowing them to compare and contrast several different package options for your company’s needs. As opposed to a captive agent–who only represents one insurance company–an independent agent can be more flexible, finding the best fit for your business.
  • Go World Wide – on the Web. Visiting the website of a larger insurance company can provide further insight to available coverage options. From there, look locally for an agent close to home.
  • Ask Around. It’s quite probable that fellow business owners or professional acquaintances are using insurance agents for the same reason you need to use them. Ask for a referral and get a trusted suggestion.

Regardless of your choice of agent, keep in mind that your insurance needs are unique to your business. There is no “one size fits all” option. As your business grows and changes, your coverage needs will do the same. Be sure to follow up with your agent to ensure your protection is up to date.

Call Insurance Town & Country today and speak with one of our insurance professionals. We can help you determine the commercial auto insurance that best suits your company’s needs. We have offices in Denver (303-388-7216) and Castle Rock (303-688-1251).  Call us today to schedule your consultation!

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Auto Insurance Investigation is it True or False
Auto Insurance Investigation is it True or False

Auto Insurance: TRUE or FALSE?

Auto Insurance: TRUE or FALSE?

Rushing to buy car insurance is like Auto Insurance Investigation is it True or Falseplaying a board game without reading the rules. While you may feel the need to be “covered” and get in the game, some of the important details may get overlooked. Not fully understanding your auto insurance can lead to further confusion and frustration later on. The more informed you are, the better choices you will make. Below are some common “TRUE or FALSE?” statements to consider when buying car insurance.

TRUE or FALSE: Everything is paid for with “full coverage.”

False! According to the DMV.org, there is no …

Auto Insurance: TRUE or FALSE?

Rushing to buy car insurance is like Auto Insurance Investigation is it True or Falseplaying a board game without reading the rules. While you may feel the need to be “covered” and get in the game, some of the important details may get overlooked. Not fully understanding your auto insurance can lead to further confusion and frustration later on. The more informed you are, the better choices you will make. Below are some common “TRUE or FALSE?” statements to consider when buying car insurance.

TRUE or FALSE: Everything is paid for with “full coverage.”

False! According to the DMV.org, there is no such thing as full coverage auto insurance. Some policies may combine state-required liability, collision and comprehension coverage–but even with this, the details and protection will vary.

TRUE or FALSE: Get as many auto repair estimates as possible.

Sometimes true, sometimes false! This one depends on your insurance. Some insurance companies only require that you use an “in-network” auto repair shop. However, if you know you will be paying out of pocket, it won’t hurt to shop around for a good deal.

TRUE or FALSE: Getting into an accident automatically increases your premium.

False! This one also depends on your insurance and how your insurance provider determines your rate. Multiple factors such as your car and your driving history can have an effect on whether your rate increases, decreases, or stays the same.

TRUE or FALSE: I can lend my car to anyone. My insurance will cover it.

Not necessarily. If none of the parties involved have optional physical damage coverage, you might be having to pay out of pocket for any vehicle damage.

TRUE or FALSE: My new car is automatically covered by my previous auto insurance.

False! Whether you are buying a new car or simply adding another vehicle to your policy, you must notify your insurance agent. Often you have 30 days to do so.

Call Insurance Town & Country today and speak with one of our insurance professionals. We can help you review your policy and ensure you understand all the fine-print details! We have offices in Denver (303-388-7216) and Castle Rock (303-688-1251).  Call us today to schedule your consultation!

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Commercial Insurance - Call Insurance Town & Country today and speak with one of our insurance professionals.
Commercial Insurance - Call Insurance Town & Country today and speak with one of our insurance professionals.

Take Care of Your Toys

Commercial Insurance For Your Big Toys

No longer are the days of tricycles and scooters. You are a grown-up. Your toys are much bigger now.

ATVs, snowmobiles, golf carts, personal water vessels. Whatever your extracurricularToys vehicle of choice is, it is important to make
sure you have the proper coverage for it. Unless you have a separate garage with lock and key for your big-kid toy, you run a higher risk of damage or even theft. Having commercial insurance will ensure that your weekends of boating or off-road won’t be ruined.

With specialized ‘toy’ commercial insurance, you and your motor vehicle …

Commercial Insurance For Your Big Toys

No longer are the days of tricycles and scooters. You are a grown-up. Your toys are much bigger now.

ATVs, snowmobiles, golf carts, personal water vessels. Whatever your extracurricularToys vehicle of choice is, it is important to make
sure you have the proper coverage for it. Unless you have a separate garage with lock and key for your big-kid toy, you run a higher risk of damage or even theft. Having commercial insurance will ensure that your weekends of boating or off-road won’t be ruined.

With specialized ‘toy’ commercial insurance, you and your motor vehicle of choice may be covered regardless of your location. If you bundle it with your homeowners insurance, you could end up facing costly repair bills should an accident occur away from home. Having a stand-alone, specialized policy will provide coverage beyond the basics and ensure you don’t get caught paying out of pocket for things like towing or accessory theft.

No one wants to have their toys broken or taken away from them, so remember: if you can’t afford to insure them, you probably can’t afford to have them!

Call Insurance Town & Country today and speak with one of our insurance professionals. We can help you determine what kind of coverage and services you need to keep your toys intact!We have offices in Denver (303-388-7216) and Castle Rock (303-688-1251).  Call us today to schedule your consultation!

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rental car travel ensurance
rental car travel ensurance

Car Rental 101

We’ve all been there. Standing at the counter, keys in hand, ready to sign off on your rental car and begin the next leg of your journey, but then you hear it…

“Would you like to purchase insurance with your rental car today?”

How do you respond? Do you absolutely need the insurance? What’s the worst that could happen? Here are a few quick tips to help you through this decision.

Check with Insurance Town & Country before you leave for your trip. Your current automotive insurance might already have you covered through your liability and physical damage coverage. Save…

We’ve all been there. Standing at the counter, keys in hand, ready to sign off on your rental car and begin the next leg of your journey, but then you hear it…

“Would you like to purchase insurance with your rental car today?”

How do you respond? Do you absolutely need the insurance? What’s the worst that could happen? Here are a few quick tips to help you through this decision.

  • Check with Insurance Town & Country before you leave for your trip. Your current automotive insurance might already have you covered through your liability and physical damage coverage. Save time, money and the hassle of determining whether or not you need the additional coverage.
  • Ask your credit card company. Depending on the credit card you have, you might have free rental insurance included. Situations vary, but it can’t hurt to ask!
  • If you do decide to purchase the insurance offered, be sure you know what is covered. Keep a copy of your paperwork handy, and make a point of reading the fine print. Purchasing the insurance without knowing the coverage is just as bad as needing the rental insurance and not having it.

Follow these few steps, and be confident the next time you are at the rental car counter.

Call Insurance Town & Country today and speak with one of our insurance professionals. Let us help you chose the auto insurance that suits your vehicle, new or used! We have offices in Denver (303-388-7216) and Castle Rock (303-688-1251).  Call us today to schedule your consultation!

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Commercial Auto Insurance
Commercial Auto Insurance

Business Auto – Does Your Current Insurance Cover Your Hobby-Now-Turned-Business?

Commercial Auto Insurance

Once you find the perfect combination of doing what you love and making money, what else could you worry about? You have turned your hobby into a money-making business, and now life is good. What could go wrong?

It is important to remember that starting a new business is a whole new venture when it comes to the rules of insurance. If you have not had previous experience with running a business, it may come as a surprise that if you are using a vehicle for business, you may be required to hold a separate auto insurance …

Commercial Auto Insurance

Once you find the perfect combination of doing what you love and making money, what else could you worry about? You have turned your hobby into a money-making business, and now life is good. What could go wrong?

It is important to remember that starting a new business is a whole new venture when it comes to the rules of insurance. If you have not had previous experience with running a business, it may come as a surprise that if you are using a vehicle for business, you may be required to hold a separate auto insurance policy.

The insurance professionals at Insurance Town and Country can help you navigate your way through these different policies as you begin to understand the unique needs of your business.

Generally speaking, commercial auto policies should be considered when a vehicle is the following:

• Belongs to a corporation/partnership and used for business purposes
• Driven by employees
• Used to haul heavy duty equipment
• Use for pizza delivery and paper routes
• Heavy enough to require state or federal filings

As a general rule of thumb, vehicles that are larger have the potential to cause more damage. It is important to remember this when you are using your vehicles to clear snow or deliver baked goods.

Better understanding your business’ needs will allow the folks at Insurance Town and Country to answer your questions as you chose a package that is best for you. Having the right commercial auto insurance policy will keep your services running as they should and provide some peace of mind.

Call Insurance Town & Country today and speak with one of our insurance professionals. We have offices in Denver (303-388-7216) and Castle Rock (303-688-1251). Call us today to schedule your consultation, and let us help you better understand your business!

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