How to Reduce the Cost of Auto Insurance

Depending on where you live, auto insurance may cost you a pretty penny. Several factors may play a part in high rates, from the type of car you have to your driving record. Though it can be expensive at times, auto insurance is a necessity. There are ways to reduce its cost that maybe you haven’t thought of. 

Here are some pointers that will help you reduce the cost of auto insurance. 

1. Get Yourself a Safe Car

When buying a new car, ensure you’re getting one that’s not known to crash and has a high rating. Explore the safety vehicles of the car before you purchase it. If the features are top-quality and do what they’re supposed to keep you protected, this could prove helpful as far as your insurance rates. Insurance providers may offer discounts if your vehicle has strong safety features. 

2. Be a Good Driver

The better your driving record is, the more willing your insurance provider is to lower your insurance rates. Make sure you don’t get any tickets or get docked driving points due to speeding or more serious offenses like driving under the influence. Also, your ability to stay out of accidents can positively affect your auto insurance policy. 

3. Higher Deductibles

A deductible is a specified amount you have to pay before an insurance provider pays an insurance claim. The higher the deductible is, the lower your insurance premium costs will be, easing your financial burden. 

4. Bundle Your Auto and Home Insurance

By bundling your auto and home insurance policies housed by the same insurance carrier, you save money, potentially getting significant discounts. Additionally, bundling the policies makes it less likely an insurance provider drops you if you make excessive claims. 

5. Look for Value 

Ensure when you meet with your agent to reduce the cost of auto insurance, you’re working to find a policy with the best value and protections rather than the cheapest one. Cheaper doesn’t always mean better. 

Check out our auto insurance policies at Prince Insurance. We’ll work with you to reduce the cost of auto insurance at your convenience. Get your free quote from us today!

Important Insurance Policies Everyone Should Have

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Insurance policies are the safety nets that protect you in the event of a disaster or even death, ensuring you and your family receive the financial coverage you deserve. Your life, your assets, and your family’s future depend on these policies. 

You never know what unexpected events can happen in life. By taking out an insurance policy for what you need, you’re prepared for whatever adversity you end up facing. There are several important insurance policies you can get to cover you and yours in times of need. 

Why Should You Take Out an Insurance Policy?

By getting a comprehensive insurance policy, you cover your welfare and valuables against different risks, including fire, theft, accidents, or serious injury. 

Taking out a policy reduces stress levels and prevents you from worrying about the next steps after any of those risks play out in your life. When you know you have the policy to turn to when you need it, you can live your best life and be at ease about things, though you should still be careful. Life is unpredictable, and you shouldn’t take it for granted. Why not get coverage while you still can? The earlier, the better.

What Are the Important Insurance Policies?

There are various important insurance policies you can get to protect yourself and the things you value most. If you’re a homeowner, you should get homeowners to cover your home against potential damages from a destructive event. If you’re renting a home, renters insurance protects you against destructive events and other things not covered by your landlord’s insurance policy. 

For vehicle owners, auto insurance is a must to cover you when your car’s involved in an accident. Meanwhile, health insurance covers medical and surgical costs whenever you’ve suffered serious health issues or injuries. 

Browse our website to learn more about the important insurance policies we offer. Get your free quote from Prince Insurance today!

Why Renters Need Their Own Insurance Policy

Insurance Broker

When you’re renting a home, you have to cover all bases, including your personal belongings and damages following a fire or other disaster. Also called tenant insurance, renters insurance affords you protection against theft and loss.

This type of insurance prevents you from having to rely on your landlord to bail you out when something goes awry. Here are the reasons you should consider getting renters insurance before something happens to your residence. 

Landlord Policies May Not Cover You 

Depending on the event, your landlord’s insurance policy won’t protect you, especially if someone is injured in your home. 

Worse than that, your landlord’s insurance provider can file a lawsuit against you if you’re deemed liable for any building damages. This could lead to you forking out repair costs or costs for rebuilding the property. A renters insurance policy prevents you from those potential headaches and ensures you get proper coverage against a wide range of risks. 

What Does Renters Insurance Pay For?

Renters or tenant insurance covers the costs of replacing your belongings whenever they’ve been stolen, destroyed in a fire, or vandalized by unscrupulous people. 

Furthermore, a good renters insurance policy covers the cost of temporary residence in the event of any damage that renders your property inhabitable. 

The Actual Cash Value (ACV)

Renters insurance factors in the actual cash value (ACV) of your belongings. ACV replaces items at the value they were worth when they were damaged or destroyed. Depreciation factors into the actual cash value when payments are being calculated. 

The policy can also include replacement costs. This cost replaces stolen, damaged, or destroyed items with new, similar items. However, the catch with replacement cost is that the premiums for it are higher than premiums for ACV policies.

Have a look at the details of our renters insurance and, if you like what you see, get a free quote right away.

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

Recreational Vehicle Insurance

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

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.

Independent Insurance Broker Can Customize Your Insurance

Independent Insurance Broker

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. 

Independent Insurance Broker

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!

Liquor Liability Insurance for Special Events

Liquor Liability Insurance

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. 

Liquor Liability Insurance

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

Life Insurance

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.   

Life Insurance

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!

Do You Need Jewelry Insurance?

jewelry floaters - insurance

Buying jewelry is a big deal. It’s an investment, and one that many people spend a lot of time and effort choosing, so it’s not surprising that many people want to protect their investment. That’s where jewelry insurance comes in. It’s an easy way to ensure that you are protected if anything happens to your jewelry. Whether it’s stolen, lost, or damaged, jewelry insurance covers the cost of replacement or repair.

Why You Need Jewelry Insurance

Filled with all sorts of precious and semi-precious gems, jewelry is a central part of many people’s lives. It’s what helps to personalize your look, and it is often the most valuable material possession you’ll have. That’s why it’s important to have jewelry insurance for your precious stones and metals. Expensive jewelry is the most sought-after item in home invasions and robberies. If you have precious stones and minerals, you not only need to protect them from theft but also fire and other types of natural disasters.

One of the many reasons to purchase jewelry insurance for a wedding ring is to protect your investment.

What is a Floater Policy for Jewelry?

A floater policy is a policy that covers a specific item of your choice, be it a piece of jewelry, a painting, or a musical instrument. It is important to note that a floater is a different type of insurance from a homeowners insurance policy, which covers your home and its internal contents. With a floater, the insurer will pay the full value of the item if it is lost, stolen, or destroyed. For example, the policy covers jewelry damaged by a fire or flood, and accidental loss in public areas such as in a pool drain or at a hospital facility.

Contact an agent at Prince Insurance to discuss your options for jewelry insurance and personal floater insurance.

Looking for the Value in Your Insurance Policy

If you have taken out an insurance policy, you are most likely interested in getting value for money. It is important that you do not think of your insurance policy as a one-time expense but rather as a long-term commitment to maintaining yourself and your family’s financial well-being. Much like the car you drive, even if you keep the same car for many years, you still pay maintenance costs and repairs along the way. You should be doing the same when choosing insurance.

Choosing Insurance

Unfortunately, many people looking for insurance simply rely on the price of the policy when choosing a provider. This is a mistake that can end up costing you a lot of money. Price is important, but it should not be the only consideration when choosing an insurance policy.

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Your insurance policy doesn’t necessarily need to be expensive to receive coverage suitable to your lifestyle.

Assess Your Lifestyle

Choosing an insurance policy and an insurance broker is a serious decision and not one you should make lightly. There are many factors to consider when looking for the right insurance policy, and you will likely want to take your time to ensure you are making the best decision possible. The first thing to consider is how often you’ll use your policy and what kind of activities you’ll be engaging in. Do you have young kids? Are you planning to travel overseas soon? Do you do a lot of skiing? Do you bike or drive often? How do these activities factor into your insurance needs?

An insurance broker can create a full portfolio to cover everything, personal and professional. The Prince Insurance group has access to multiple carriers to find the best insurance for every aspect of your life. We work for you, not the insurance company.

Contact an agent at Price Insurance for help choosing insurance and to receive a quote.