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9235 N Union Blvd., Ste. 150 #385
Colorado Springs, CO 80920

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What is a home inventory and why do I need one

Owning a home is what many people aspire to. It is a huge investment and for many, the largest they will ever make. Keeping it safe is what home insurance is all about. In spite of all your best efforts, chances are you will have to file a claim for damages to your home or property.  When you do file a claim, having a home inventory can make things a lot easier. At Westco Insurance LLC in Colorado Springs, CO, we are locally owned and operated, and we strive to make sure that we exceed your expectations. 

A home inventory is a listing of all the contents of your home. It can be a daunting task to create but the help that it provides when you need to file a claim for lost content is invaluable.  

You can do a traditional inventory with a pad and pen, or you can do a digital one, both do the job. You should also take pictures with a traditional inventory especially of any higher-priced items. Do the inventory room by room, opening drawers and closets and writing down exactly what is in them. Include brand names, when possible. Model and serial numbers are helpful with electronics. 

The more details you include the better. Go through your home top to bottom and don’t forget your garage, shed, attic and basement. Having an appraisal for any pricier items is important. Attach any sales slips that you have to the inventory. Take at least one picture of every room but more is even better. 

Store the inventory away in a safe place, preferably off-site. At the very least make sure it is in a waterproof, fire-resistant box or even better on The Cloud. 

Contact Westco Insurance LLC in Colorado Springs, CO for all your home insurance needs. 

Life Insurance: Your Final Gift to Your Loved Ones

Life insurance is like a seatbelt. You know you need it, but hope you never have to use it. It’s not easy to think about one’s own mortality. But rather than thinking about what it means to you, think about what it could mean to your loved ones.

The Gift That Keeps Giving

Purchasing life insurance is actually one of the most important things you can do to protect your family’s future. By purchasing the right kind of life insurance from Westco Insurance LLC in Colorado Springs, CO, you can rest assured that, if something were to happen to take you out of your family’s picture, they will be taken care of.

How Much Life Insurance Should I Get?

The main question that runs through people’s minds is how much insurance is needed? One insurance agent suggested calculating the value of your home plus any unpaid properties such as cars, boats, or other assets, then add around 50,000 just for life’s unexpected events. 

This amount is a good estimate for many people to help them decide how much insurance they should carry, but this will vary from person to person.

The Purpose of Life Insurance

The purpose of life insurance is to have enough money set aside in a policy to allow all of your unpaid debts to be paid off and then an additional amount to allow your loved ones to continue their lives as they knew it when you were alive. 

In essence, getting the right life insurance coverage is the best final gift you could give to your loved ones. It says you care and want them to feel secure and not worry about money.

Beyond Final Expenses

Insurance covers final expenses. Yes. But it also covers all of the other things that your loved ones might lose had it not been for your planning and wise choices regarding life insurance.

To get a quote and discuss your own insurance needs with an expert, check out Westco Insurance LLC, serving the Colorado Springs, CO area. 

Do I Have to Buy Collision and Comprehensive Coverage?

Understanding the basics of comprehensive and collision insurance policies is rewarding if you own a car in Colorado Springs, CO. You are in safe hands when you decide to seek insurance advice from Westco Insurance LLC, your trusted service provider. The two policies rank among the crucial requirements for car owners. 

While most states do not consider the two as mandatory, they come in handy when you find yourself in various hard-hitting situations. Insurance institutions sell the policy under one package, covering your car damages. In some instances, your agency goes to the extent of replacing your car if the situation demands that. However, the policies do not compensate for your injuries.

What Makes the Difference?

Collision insurance will compensate the cost of repair if it gets damaged on the motion. On the other hand, comprehensive policy covers aspects such as theft, vandalism, and natural calamities. You have the liberty to purchase the two insurances separately or drop one, keeping the other.

Is It Necessary to Buy Both Insurance Policies?

Most drivers pay for collision insurance and comprehensive insurance. However, to some, it feels unnecessary to have both at ago. If you are servicing a car loan, you will do better with both, as most lenders will request the two until you settle the last coin. The approach serves as security for the lenders if anything happens to the car before clearing the loan.

Is It Advisable to Drop the Policies?

After paying the loan or lease fee, you have the liberty to choose between comprehensive insurance and collision insurance. In addition, you can continue working with both options if you deem it necessary. The current value of your car is enough to let you decide what you want. If the level of depreciation is too high, dropping one policy is a wise idea.

Forfeiting additional policies when you notice that they are less relevant saves you money. However, seek professional advice before making such decisions. Contact Westco Insurance LLC in Colorado Springs, CO, to find all the answers you need about your policy today.

Required Commercial Insurance Coverage in Colorado

Like many states, Colorado dictates the kind of commercial insurance that Colorado business owners must-have. Two types are required for most businesses in the state. If you are unsure that you have all of the insurance coverage that your business needs, call us at Westco Insurance LLC in Colorado Springs, CO.

Workers’ Compensation Insurance

This type of insurance is required for all Colorado businesses that have employees. It doesn’t matter how many employees you have. It would be best if you had this coverage type for all of them. According to the state, even if you haven’t formally hired someone, if they do work for your company, they are considered to be employees. Your workers’ compensation policy pays for injuries and illnesses that a worker gets while at work. This protects your business from having to pay all of the medical bills directly. 

Commercial Auto Insurance

For businesses that own one or more vehicles, commercial auto insurance is required for those vehicles. Several types of coverage must be in these policies. These include bodily injury liability and property damage liability. Another type of insurance is recommended for vehicles that you use for business but are not owned by your business. This is called hired and non-owned insurance. 

Other Liability Coverage

There are several other types of commercial insurance that provide liability coverage. Though the state does not require them, they are highly recommended for many types of businesses. This includes a general liability policy that covers many different types of liability. Cyber liability insurance can help tremendously if there is a data breach of your system. 

Get Your Commercial Coverage

To keep your business compliant with Colorado laws, make sure you have at least the required amount of commercial insurance your business needs. If you want to know more, call us at Westco Insurance LLC in Colorado Springs, CO.

The Importance of Home Insurance

Regardless of whether you are purchasing a new home or recently paid off your mortgage, you may wonder if purchasing home insurance in Colorado Springs, CO is a good investment. Remember, your home is one of the most valuable assets you have, and homeowner’s insurance helps protect the investment you have made.

If you still don’t know if you should purchase homeowner’s insurance from Westco Insurance LLC, keep reading. Some of the top reasons to do so can be found here.

It’s Required

In some situations, homeowner’s insurance isn’t an option. If you have a mortgage, your lender will require you to have this protection in place. Before funding or refinancing your mortgage, the lender will likely require proof of proper insurance. This is to ensure the investment being made is protected if your home is destroyed or damaged.

Protection for More Than Your House

While a typical homeowner’s policy will protect your house, it will usually cover more than just the structure. Some policies include everything from your personal items inside and outside the house, the outbuildings on your property, and even medical bills if someone is injured while on your property.

Deductibles and Limits

Remember, homeowner’s insurance coverage comes with limits. This is the max amount of coverage a policy will provide. When choosing coverage limits, make sure to think about things like the possible costs of rebuilding your home or replacing everything inside the home. This will help ensure you have the amount of coverage needed.

If you are ready to purchase homeowner’s insurance, make sure to consider what you need. You can also search for Colorado Springs, CO policies and compare the options from reputable companies like Westco Insurance LLC. Knowing what to consider and why insurance is so important is the best way to ensure your home is properly covered and protected.

What is Liability Coverage on My Auto Insurance?

Having liability insurance coverage is required to stay legal on the road here in Colorado Springs, CO. However, not many people understand what this means. Thankfully, our team at Westco Insurance LLC is here to help.

Liability is a third-party coverage on your auto insurance that pays for someone else’s medical bills and/or property damage if you’re involved in an accident that you caused. It doesn’t pay to fix your vehicle or handle any medical bills for you or your passengers.

There are two parts to liability: bodily injury and property damage. Here’s what you need to know regarding what they cover.

Understanding Bodily Injury Coverage

Bodily injury coverage is the portion of your car insurance that pays for other people’s medical bills. This can be a passenger in another car, a pedestrian, or someone else physically injured due to your negligence.

When looking at your auto insurance, you probably see bodily injury written out as two numbers with a slash in between. The first number is the most the policy will pay per person in the accident. The second number is the maximum amount for the claim, whether two people with injuries or two hundred. In the event of a serious claim, all injured third-parties must share this aggregate amount.

What is Property Damage Coverage?

Property damage coverage is the part of your auto insurance policy that pays for things other people own. This can be the back bumper of the car you hit in the grocery store parking lot, your neighbor’s mailbox, or a power pole owned by the city. If you’re in an at-fault accident, this number is the maximum amount your policy will pay to fix or replace those items.

Are you ready to ensure you have enough auto insurance coverage? Our team at Westco Insurance LLC in Colorado Springs, CO is here to help. Please contact us today for a quote.

Do I need commercial insurance in Colorado?

The Colorado Springs, CO area continues to be a quickly growing part of the country. If you are going to start a business, this growth can make it a great area for you to start a business. If you would like to start a company in this area of the state, getting proper insurance continues to be extremely important. There are a few reasons why you need to get commercial coverage when you are here. 

Insurance is Required

One of the reasons you need to get commercial insurance for your business is that it is required. Most people that start a business will need to comply with different insurance requirements. Depending on your situation, you may need to meet commercial insurance requirements set by your bank, landlord, investors, or other interested parties. Not complying with these requirements could lead to an insurance requirement violation. 

Insurance Protects Company

Even if you do not have commercial insurance requirements, you should still get coverage. A full commercial insurance plan is the best way to protect your company. If you get a commercial insurance plan, it will give you the needed coverage to repair or replace your business assets and protect against the risk of liability. Ultimately, this insurance can keep your company solvent. 

A business in the Colorado Springs, CO area that wants to succeed needs to ensure that they get proper insurance. Since picking a commercial insurance plan can be complicated, it would be wise to call AmPro Insurance LLC to discuss your needs. The team with AmPro Insurance LLC understands how complex this type of coverage is. We can help by assessing your situation and building a policy that is appropriate for your situation. 

Exploring 5 Important Facts About Home Insurance

AmPro Insurance LLC offers multiple types of insurance policies to the Colorado Spring, CO community. We strive to help our clients prepare for the unexpected. We will help you find coverage to enjoy peace of mind.

Important Facts About Home Insurance

Your Colorado Spring, CO residence is one of your most prized possessions. That’s why it is important that you protect it. Home insurance covers your property as you navigate different threats. The policy covers any damages to your property and personal items. You may also add liability coverage so that you are protected if someone gets injured while they are visiting your home. Here is a look at some other important facts regarding home insurance.

You Can Add Special Coverage

You can add special coverage to your policy to protect you during different situations. You can add flood coverage to cover your property in the event that it is damaged due to severe flooding. If you plan to renovate your home, you can add coverage to protect your upgrades.

Liability Coverage Extends To Pets

If you have a pet, you can add liability coverage to protect you if your pet causes damage to someone else’s property.

You Are Responsible For Maintenance

It’s important that you take care of your home. You may not be prepared if your property is damaged due to issues caused by poor maintenance.

Luxury Items Need Special Coverage

If you have luxury items in your home such as valuable furs or paintings, you’ll have to amend your policy to cover these items if they are stolen.

Take Inventory

Take inventory of all of your personal belongings. This will give you a starting point to rely on if something happens.

AmPro Insurance LLC Will Help You Cover Your Property

Visit our website to learn more information about home insurance  

What are the advantages of getting life insurance?

The Colorado Springs, CO area continues to be a popular place to work and live. For those in the area, spending time considering all of your insurance needs is very important. One form of insurance that many people in this area need to have is life insurance. Several advantages come when you get a quality life insurance policy. 

Insurance Protects Dependants Financial Future

One of the advantages that come with a life insurance policy is that it can protect your dependant’s financial future. If you have people in your life that rely on you and your source of income to live a quality life, you will want to make sure that they will be covered if you were to pass away unexpectedly. When you get life insurance, you can receive coverage for your dependents. You will be able to build a curtailed policy to meet their specific needs, which can include having enough to provide for future living expenses, higher education, and even retirement. 

Insurance Can be an Investment

When you are looking for life insurance, you may also want to consider getting a whole life insurance policy. A whole life insurance policy will give you coverage for the rest of your life as long as premium payments are made. Part of the payment will go into an account that will grow in value and eventually be converted to cash. This can make it a good addition to your investment plan.

When you get a life insurance policy in the Colorado Springs, CO area, you should call AmPro Insurance LLC. The team at AmPro Insurance LLC can help you better understand the different options that you have. This can help to ensure you remain properly covered at all times. 

Why is liability coverage essential in the auto insurance industry

What’s the hype behind liability coverage? Why do almost all states require it? These are common questions that auto insurance experts in Colorado Springs, CO have to answer in the best way possible. Practically all insurance policies come with liability coverage. Why?

Because we live in a litigious society, and you can be sued for injuring or damaging someone’s property. Liability coverage is most essential in auto insurance to provide a financial cushion on the roads. At AmPro Insurance LLC, we emphasize carrying a fair amount of liability to ensure that you and your family are safe financially.

Liability in auto insurance

Liability car insurance is a huge part of auto insurance that helps keep your finances safeguarded if you cause an accident that injures or damages someone’s property. In-car insurance, liability only covers injuries and damages to third parties but not you or your car. That is why you need to have personal injury protection coverage to pay for your medical bills if you are also injured in the accident that you were at fault.

Why is it mandatory in most states?

Car accidents are common, and in most cases, the cost of repair and medical bills can quickly go up depending on how the accident happened. In many states, if a driver is found to be at fault in an accident, their insurance provider will pay the affected parties’ medical and property damage expenses.

However, in no-fault rule states, the drivers involved in accidents must file a claim with their own insurance companies irrespective of who is at fault. In this case, a personal injury protection coverage can pay for the damage and the injuries a driver sustains.

Need to learn more about liability coverage in Colorado Spring, CO? Our insurance experts at AmPro Insurance LLC can provide you with any information you want. We also help you get the best out of your auto insurance policy. Try us today!

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Why work with us?

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  • No “cosmetic hail exclusions”
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