What insurances are mandatory in Colorado?
The only mandatory personal insurance in Colorado is auto insurance. All drivers in Colorado, including Denver, must carry minimum auto liability limits of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $15,000 for property damage, often summarized as 25/50/15. For businesses in Colorado, any business with one or more employees is required to carry Workers’ Compensation Insurance to cover medical expenses and lost wages for employees injured on the job.
Is insurance in Colorado more expensive?
Yes. Generally speaking, insurance in Colorado tends to be more expensive than the national average, particularly for homeowners and full-coverage auto insurance.
How often should I review my insurance policy in Colorado?
The most common recommendation is to review your insurance policies at least once a year, ideally right before your policy renewal date. However, due to Colorado’s high risks like hail and wildfire and rising construction/repair costs, it is essential to contact your agent immediately after any major life or property change to ensure you are not dangerously underinsured.
What insurance carriers do you represent?
We are an independent agency which means we can select from a wide range of top-rated insurance companies. We do not like to publicly mention all the carriers. You can contact us to get the list of carriers to choose from.
Do you only provide insurance in Denver, CO?
No. We are licensed to provide insurance services in other states as well. While we are based in Denver, Colorado, we can service clients and write policies in other states as well, which is particularly beneficial for their commercial clients, such as transportation and contractors.
Do you also assist with the claims process?
Yes. We assist you with the claims process. While the actual payment and final decisions on a claim are handled by the specific insurance carrier that underwrites your policy, we act as your advocate and resource during the claims process.