Blog | Prince Insurance Group

Recreational Vehicle Insurance

Did you know that you can get insurance on your favorite recreational vehicles (RVs)? If you have a motorized RV like a motorhome or a camper van, or towable RVs such as a trailer or camper, you can secure them today by getting recreational vehicle insurance.

Whether you’re on a summer off-road excursion or trying to move through the leftovers of a storm on your snowmobile, you want to know that you’re fully insured in case of any mishap.

Protect Your RV and Capitalize on Reopening

As most places reopen thanks to vaccinations, you can make up for lost time by taking your RV for a spin and enjoy the outdoors again, safely, of course.

If you’ve been cooped up in your home throughout the pandemic and left yearning for some fresh air and adventure, you should make use of your RV. And, if you haven’t bought one, you can invest in an ATV or take the boat for a ride by your favorite beach to take advantage of the lovely summer weather.

Once you’ve bought your RV, you should talk to your insurance agent about getting the right recreation vehicle insurance for it. By securing your RV, you’ll enjoy more comfort as you’re having socially distanced fun with your loved ones.

What Does Recreational Vehicle Insurance Provide?

When you talk to your insurance agent, ensure you’re getting recreational vehicle insurance that covers all bases. The insurance policy for your RV should include comprehensive and collision coverage in case of an accident. It should also include personal injury protection in case you suffer serious physical damage as well as towing costs.

Type of recreational vehicle insurance you can get include:

Boat
Motorcycle
Motorhome
ATV
Snowmobile

Prince Insurance allows you to treat your RV like royalty, so you can enjoy every road or boat trip that much more. Check out our recreational vehicle insurance policy options and get a free quote now.

When to Update a Home Insurance Policy

Graphic of a house with the text 'Home Sweet Home,' emphasizing the importance of renters insurance for protecting your belongings

As exciting as securing ownership of a home is, securing your space with a quality home insurance policy gives you the relief that allows you to maximize your home experience. Home insurance policies are very useful tools that give you optimal coverage at the right cost.

However, things happen, and certain situations necessitate a change in your policy to accommodate new developments in your life. When is it time to update a home insurance policy? Here are scenarios that should push you to contact your insurance provider.

Pandemic Remodeling

If you’ve made some important renovations to your home during the global health crisis, you should talk to your insurance agent about updating your policy.

Renovations add value to a home, and your policy should cover its value now that it’s worth more money instead of what it was worth when you just bought it. Certain renovations, like getting a new roof, can lower the value of your insurance policy. It’s an opportunity to get some additional homeowner benefits.

When You Retire

Once you’ve called it a day and worked your last paycheck, it’s time to update a home insurance policy. When you’re retired, you spend more time at home and also have more opportunities to maintain your home.

Some insurance companies offer cheaper insurance rates to retired people and senior citizens. When you’re at home regularly, you’re likelier to spot potential damages and less susceptible to burglary. Because of this, insurance companies may deem you more trustworthy and offer discounts.

New Security System

Adding a security system makes your home easier to insure and saves you money on insurance premiums each year.

Acquiring/Getting Rid of Expensive Items

Each time you buy expensive items like art, collectibles, and other pricey valuables, you should find out if your insurance policy covers those items. If not, you should update your policy to include them.

Also, if you’ve acquired or gotten rid of family heirlooms, you could get a break on your insurance.

Prince Insurance gives homeowners the royal treatment when it comes to their policies. Check out our home insurance policy options and get a free quote now.

home insurance insurance policy Prince Insurance update a home insurance policy

Independent Insurance Broker Can Customize Your Insurance

Looking for the right insurance can be tricky. All of the options can seem a bit overwhelming. When you’re looking for insurance that’s customized to you, working with an independent insurance broker is the way to go.

Here are a few solid reasons why independent insurance brokers are a better choice.

Insurance Options to Suit Your Needs

When you buy something important like insurance, you want to shop around to make sure you’re getting the best coverage for your budget. An independent insurance agency has access to all of the highest-rated insurance carriers, so they can do the shopping for you.

They’ll give you a choice of options that are based on your needs, not the needs of an insurance company. That means finding coverage that makes sense for who you are, at a price that meets your budget restraints.

A Complete Insurance Portfolio

An independent broker has the ability to put together a complete portfolio of insurance that suits your lifestyle. If you’re in need of multiple types of insurance, they’ll help find solutions that fit your needs.

When you need a customized combination of personal insurance, business insurance, home insurance, and/or auto insurance, your independent broker will be able to build a portfolio with you of policies from multiple carriers.

Proactive Insurance Management

Life is always changing. Your insurance should change with you as you make your journey through the stages of life – buying your first home, a new car, or starting a business.

Independent agents will stay proactive in managing your insurance. They’ll make sure you’re always covered and can help you upgrade or switch your policy as you grow and your life evolves.

Contact an Independent Insurance Broker

Prince Insurance Group is an independently owned and operated agency, and we’re here to help you find the perfect kind of coverage for your lifestyle and budget. Contact us today and see the difference that working with an independent insurance broker can make for you!

Independent Insurance Broker

Liquor Liability Insurance for Special Events

Alcohol is a normal part of big celebrations. But when alcohol is involved, accidents tend to happen. That’s why liquor liability insurance is important for special events.

Whether you’re planning a business event (like a fundraiser or big function), or a personal event (like a wedding or anniversary party), you may need liquor liability insurance.

What Is Liquor Liability Insurance?

Serving alcohol to guests at a special event can be risky. It’s important to consider that your guests could drink a few too many alcoholic beverages and start behaving inappropriately.

This could potentially result in one of your guests hurting themselves or someone else, or damaging property during your event.

You could be held financially responsible if these situations occurred at your event. If you served alcohol to the guest that caused the damage, you might end up paying the cost.

That’s why smart event hosts who plan on serving alcohol to their guests protect themselves with liquor liability insurance.

What Situations Are Covered?

Bodily injury: If a guest at your event drinks a little too much and hurts himself or another guest, this insurance keeps you from paying the price.
Property damage: If a guest you have served alcohol damages property in the venue you’ve hired, liquor liability insurance covers the cost of repairing the damage.
Medical costs: Imagine if a guest of your special event ends up in hospital with alcohol poisoning. Liquor liability insurance covers you from having to pay hospital bills.
Legal costs: Guests could potentially sue you if an intoxicated person damages their belongings at your event. Liquor liability insurance will help you with the legal costs of lawsuits.

Talk to an Insurance Broker About Liquor Liability Insurance for Special Events

As part of the proper planning for your special event, it’s wise to make sure you have liquor liability insurance. Prince Insurance Group will brew up the right liquor liability insurance to protect you from problems caused by alcohol at your event. Contact us today!

Life Insurance for Extreme Sports Enthusiasts

Colorado is a great place to be if you love outdoor adventures. With millions of acres of rugged terrain, it’s a year-round wonderland for extreme sports enthusiasts. However, there is also no shortage of risks, so if you enjoy living life on the edge, talk to our agents about life insurance.

Whether you enjoy mountain biking on Rocky Mountain trails or taking in incredible views while hang-gliding, there’s always an adventure to be had in this beautiful state.

Part of the excitement of extreme sports is the risk factor. But it’s important to have a plan in place should something go wrong while adventuring in the outdoors.

Consider the Financial Security of Your Family

If you have a spouse, children, elderly parents, or any other dependents who rely on you financially, you’ll want to invest in their future should something go wrong.

Life insurance can protect your family upon your passing. It can be used to make sure that your loved ones have everything they need to have a safe and financially secure future, even when you are gone.

What Does Life Insurance Cover?

Having a life insurance policy means your family won’t be left in a bad financial situation when you pass away. Some of the things that life insurance covers are:

Burial expenses: Funerals cost a lot of money, and you don’t want to burden your family with this huge expense when you pass.
In-home labor expenses: Your family might need help with things like cooking and cleaning when you are no longer there to look after them.
Family living expenses: You want to be sure that your family has everything they need to be financially comfortable without your support.
Children’s college expenses: Life insurance makes sure your children’s futures are full of opportunity.
Mortgages: Make sure your family is left with enough money to keep your home.
Student loans: A life insurance policy will ensure that your loved ones aren’t burdened by your debt.

Contact a Prince Insurance Broker about life insurance

Having a life insurance policy allows you to enjoy all of the physical extreme sports that Colorado has to offer – while knowing that your family is protected. Prince Insurance group can help you find the best life insurance for your lifestyle and needs – with flexible options and unbeatable service. Contact us today!

Insurance Broker

Upgrading Your Home Owners Insurance after Remodeling

Illustration of a house representing comprehensive insurance coverage in Colorado

So you’ve made some gorgeous renovations to your home… but have you considered how this will affect your home insurance policy? Certain types of remodeling can mean you need to upgrade your home owner insurance to stay covered.

When You Need to Upgrade Your Home Owner Insurance

The past year and a half have made us all aware of the limitations of our homes. Many have taken this time to make some essential and luxurious upgrades. There are four home remodel projects that may require upgrading home insurance policy. Let’s take a look.

Home Owners Insurance — A new pool will require an upgrade to your home owner insurance policy.

When You’ve Expanded Your Living Space

As your family expands, your home needs to as well. Whether you’ve renovated the attic or spruced up the basement as living spaces, or added more square footage to your home, you’ll want to check how this affects upgrading home insurance.

Some expansions can add to your home’s value, so you’ll want to be sure that value is covered by your home insurance.

When You’ve Added a Home Office

If you’ve started a home business and added an office to your home, you might need an update to your current home insurance. Speak to a broker to make sure that your policy protects the equipment in your office and to check if you might need business coverage.

When You’ve Renovated Your Kitchen or Bathrooms

You’ve put a lot of money into those beautiful new kitchen cabinets and countertops. Your renovated kitchen adds extra value to your home, and you’ll want to be sure that your insurance covers that value. If you’ve updated your plumbing in the kitchen or your bathrooms, you might qualify for insurance discounts.

When You’ve Added a Pool

Pools are a great addition to a home, but can also be a bit dangerous. Speaking to one of our friendly brokers can ensure that you have the right liability coverage to protect you from lawsuits, or any physical injuries that happen in or around the pool.

Contact an Insurance Broker to Talk About Home Insurance Upgrades

After expanding your property or the value of your home, talk to a broker to make sure your home insurance has still got you covered. Prince Insurance Group helps you find the right insurance for your needs – with flexible options and unbeatable service. Contact us today!

home owner insurance Insurance Broker

Overlooked Essential Restaurant and Bar Insurance

For businesses within the hospitality industry, there are several types of insurance you might consider getting. In particular, if you are the owner or manager of a bar, club, or restaurant that serves liquor, you will want to consider getting assault and battery insurance. This type of restaurant and bar insurance is often overlooked.

Why You Need Special Bar and Restaurant Insurance

Although most of the time, bars, clubs, and restaurants are places where people go to relax and have fun, things can sometimes go wrong. People can become confrontational and may start to shout or become physically violent, which can lead to injuries.

In cases where a patron gets injured during a physical confrontation, the bar, club, or restaurant can be held responsible for it. This can incur large financial costs.

Assault and battery insurance can cover some of these costs when this happens, depending on the particular circumstances of the conflict.

This form of insurance is particularly important when the company sells alcohol. Intoxicated individuals may be more likely to become aggressive or violent in a conflict. The business may be held partially responsible for the actions of the intoxicated patron because they have technically allowed them to get drunk by selling them alcohol.

Protection Provided by Restaurant and Bar Insurance

What protection do you get from assault and battery insurance?

Protection for Bar Fights

If a fight breaks out in the bar, club, or restaurant, somebody could get physically hurt. If they make a claim for their injuries, assault and battery insurance can help to cover some of these costs.

Protection for When Somebody is Removed From the Premises

If somebody has to be physically removed from the building by a member of the management or security teams, it can lead to issues down the line.

Sexual Harassment Claims

If sexual harassment claims are made against another patron or an explorer, this insurance may cover any legal fees and compensation that needs to be paid.

Contact one of our brokers to talk about what type of bar and restaurant insurance you need to protect yourself and your staff from the unexpected.

Assault and Battery Insurance Insurance Broker Restaurant and Bar Insurance

Jewelry Insurance for Valuables Not Covered in Home Insurance Policy

We all know that jewelry can be expensive — engagement rings alone can cost an arm and a leg. Not only would losing a piece of pricey jewelry be devastating because of the financial loss, but it likely has some emotional significance and sentimental worth. Jewelry insurance can reimburse those who have their jewelry stolen from their home, damaged, or if it completely disappears.

Unfortunately, jewelry insurance is not included in home insurance policies. This means that it needs to be added to an existing renters or homeowners insurance policy or bought directly through a jewelry-only insurance company.

Jewelry Insurance vs. Homeowners Insurance

Home insurance covers any damage sustained to the inside or outside of the home, theft of possessions, and protects homeowners from being liable if a guest is injured in their home. But for people who own valuable items, heirlooms, and expensive jewelry, will benefit from special insurance coverage. There are few things worse than flushing an uninsured wedding ring down the toilet.

Jewelry Insurance Floater

An insurance broker can help people find the correct additional coverage or add specific items to their existing home insurance. Additional coverage, also known as a jewelry floater, gets added directly to homeowners or renters insurance. This typically costs about 1 to 2 percent of the total value of the jewelry being insured — it’s a small price to pay with a big reward if the item ever gets damaged or lost.

For example, a $5,000 diamond necklace or ring would cost around $50 per year to insure. Jewelry owners can either get reimbursed the cash value (including depreciation) or given the replacement cost if the piece of jewelry goes missing.

Most jewelry floaters come with an additional premium, so insurance brokers often offer customers discounts on the insurance plan.

Get a quote!

Insurance Broker jewelry insurance Specialty insurance

Liquor Liability Insurance for Your Bar or Restaurant

Don’t be held liable for intoxicated patrons. If your establishment serves alcohol, liquor liability insurance is a must. Whether you have a bar, restaurant, café, or nightclub, you’ll want to make sure you have this type of insurance in place.

Here Are Two Important Reasons Why You Need to Get Liquor Liability Insurance

1. Protection in Case of Accidents Inside Your Establishment

What would you do if someone you served in your bar or restaurant started a fight and assaulted another customer? How about if that person broke another customer’s personal belongings?

If an intoxicated person causes bodily or property damage inside your establishment after you’ve served them alcohol, you could be held responsible for the damage.

General liability insurance won’t cover situations like this, but liquor liability insurance will. You’ll get help paying for:

The cost of legal help
The cost of settlements
The cost of repairs to damaged property
The cost of medical bills for injured parties.

2. Protection in Case of Accidents After Patrons Have Left Your Establishment

When an intoxicated patron leaves your bar or restaurant, you could still be held responsible for any damage they cause.

If a patron that you served alcohol to gets into a fight and injures someone, your business could be held accountable. If an intoxicated patron decides to drive their car home and hits someone, it could be you that pays the price.

It’s important to protect your business from the massive costs that a lawsuit would entail. Liquor liability insurance gives you that protection.

Contact a Broker

Accidents happen when alcohol is involved. If your establishment serves alcohol to its customers, you need liquor liability insurance.

Prince insurance can help you find coverage that’s specifically tailored to your industry and insurance needs. Contact us today for a quote!

Insurance Broker liquor liability insurance

5 Undeniable Reasons Why Your Business Needs Cyber Insurance

Cyber insurance covers your business in the event of a data breach, virus, or other cyber attacks. It’s something that all businesses should have, and it could save your business from going under completely.

Cyber Insurance

Cybercrime is the world’s fastest-growing crime. According to the National Law Review, in 2021, cybercrime damages are expected to reach a jaw-dropping total of $6 trillion.

Nobody is immune to cybercrime and the severe damages it can cause. Businesses today are always certain to have insurance for their property, but might not put any thought into cybersecurity. Here are 5 undeniable reasons your business needs cyber insurance.

1. Small Businesses Are at the Greatest Risk

If you think that cyber-attacks only affect large companies, you couldn’t be more wrong. In fact, 61% of data breaches happen to smaller businesses, according to USA Today. What’s more, data breaches result in 60% of startups going out of business in under 6 months.

2. Your Data is Valuable to Your Business

The data that your business collects is more valuable than the equipment you have storing it. Cyber insurance covers the costs entailed in restoring your valuable data after you experience a data breach.

3. There Are Severe Penalties for Data Breaches

You could be forced to pay hundreds of thousands of dollars if your business experiences a data breach. Merchant service agreements hold businesses liable for the costs involved in a forensic investigation, re-issue of new credit cards, and credit card amounts lost. Cyber insurance covers those costs.

4. Electronic Downtime is Extremely Costly

What happens if your whole system goes down? Standard business insurance won’t cover the lost profit that an electronic system downtime creates. Cyber insurance gives you coverage for the money your business could have been making while the system was down.

5. Your Reputation is Your Best Asset

People will not be happy with your business if a data breach causes their information to be compromised. Cyber insurance covers the costs of lawsuits that could occur, as well as helping to pay for a PR firm to help restore your reputation.

Contact an Insurance Broker

If you have sensitive data from clients, businesses, and employees online, or if your business does any online communication, you need cyber insurance.

Contact a friendly agent at Prince Insurance to find the cyber insurance that’s right for your business and request a quote.

Cyber Crime Insurance Broker