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Atrium Insurance Group

6970 S Holly Cir #104
Centennial, CO 80112

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Does Umbrella Insurance Cover Personal Property in Centennial?

Umbrella insurance in Centennial, CO might sound as though it will cover everything. When you think of it, you might picture a great big tarp that goes over nearly everything in your life. When something goes wrong, you just call your umbrella insurance carrier to make it right again. But the reality of this policy is a little different than you might be thinking. Atrium Insurance Group wants you to know if it will cover your personal property. 

Umbrella Insurance Is Meant for Liability 

When you first sign up for insurance, you’re usually met with policy limits. These limits are something that you may or may not spend a lot of time considering, though, simply because it’s not easy to go through every detail of your contract. 

The limits that are most often contested are those of liability. When lawsuits can drag on for months and cause unknown havoc in people’s lives, the goal of umbrella insurance is to extend your coverage limits in case you need to. 

Knowing the Rules

Umbrella insurance doesn’t directly cover personal property, but it can give you the resources you need to keep what you have. Instead of having to choose between dropping a liability case or selling your things, you can use umbrella insurance as a way to keep you protected. 

Atrium Insurance Group knows that umbrella insurance isn’t necessary for everyone in Centennial, CO. Typically, it’s been popular amongst high-profile people in a community, those who would be more likely to be accused of wrong-doing. If you have questions about whether this policy is right for you or not, give us a call today to discuss our plans or to ask more questions about how it’s applied to the policy holder’s situation. 

Who should carry flood insurance

Floods cause billions of dollars in damage every year. It is hard to believe that only 1 inch of water in your home can set you back as much as $25,000. Imagine if it is a foot or more? When you buy home or renters insurance, you may think you have taken care of your flood danger, but that is not true. Neither of these types of insurance covers you for flood damage. That is a pretty scary thought. At Atrium Insurance Group in Centennial, CO, we have been in business for more than 30 years, and our high-quality professional staff places our customers first. 

In simple terms, these days, everyone who lives in a municipality that has adopted the NFIP flood plan should be purchasing flood insurance. The National Flood Insurance Plan has come up with plans to help communities adapt and enforce floodplains management to lessen the chances of a devastating flood. Communities that enroll in this program are encouraged to go beyond the basic regulations that FEMA provides. This leads to safer communities. 

If you decide to purchase flood insurance, you can buy it through one of the authorized carriers or NFIP Direct. It is sold in two parts, one that covers the structure and one of the contents. Both offer valuable protection to homeowners and renters. Businesses can also purchase flood insurance. Because a federal agency manages this program, the rates are the same no matter which carrier you choose. Your premium is determined by how much of a risk you are. This allows you to choose a carrier that you know offers excellent service. 

At Atrium Insurance Group in Centennial, CO, we can offer our customers an excellent selection of flood insurance carriers because we are independent agents. We represent some of the finest carriers in the business. To make an appointment to discuss your flood insurance need, give us a call or stop at our office.

Life events that change your life insurance needs

Life insurance is not something that stays the same for your entire life. While some policies protect you every day, events can happen that require that you make changes to your life insurance. Your needs will be altered by the things that happen, the people you add and subtract from your life, your employment, and your general financial situation. Having an insurance agent who knows you and can help your insurance grow and change with you is a good thing. At Atrium Insurance Group in Centennial, CO, we are dedicated to providing our customers with the very best products at a great price every day. 

Buying life insurance when you are young can lead you to the best possible start. You may get life insurance as part of an employee benefits package, but it is always wise to purchase your own policies that you control so that you are not reliant on your staying with a particular employer. Purchasing a home is one of the first events that require that you take a good look at the coverage that you have. 

Getting married changes just about everything in your life, and your life insurance is no exception. While it may not seem very romantic, discussing life insurance with your new spouse is essential, and both of you need to look at the coverage you have. It would help if you also changed the beneficiary on your policy to reflect your new status. 

If you start a family, you should reevaluate the amount of coverage needed if either you or your spouse should pass away. You may also want to think ahead about their college education. 

Life insurance is flexible, and it should reflect where you are in your life and what your needs are. At Atrium Insurance Group in Centennial, CO, our dedicated team will take the time to make sure that your coverage grows with you through all the events in your life. Call our office for an appointment to sit down and look at your current coverage.

Colorado Auto Insurance Requirements

In order to legally operate a motor vehicle in Colorado, all drivers are required to carry liability insurance to protect third parties from injuries or damages sustained in an at-fault accident. In fact, since 1997, Colorado has maintained an online database that lists individuals residing in the state and whether or not they carry at least the minimum required auto insurance coverage. The goal of the database is to reduce the number of uninsured drivers on the road while also decreasing the expenses related to auto accidents. Access to the database is reserved for law enforcement, court officials, and other government agencies. 

Liability insurance helps pay for damage to third parties, including medical expenses and property damage that is caused because of the insured person’s negligence. Additionally, liability insurance kicks in to cover damages if an unauthorized driver is operating your vehicle without permission and causes an accident. Not only does Colorado law require you to carry minimum liability coverage, but also you must have uninsured/underinsured motorist coverage, which helps pay for any damages caused by another driver that does not have insurance or is involved in a hit and run. 

Collision and Comprehensive coverage are not required by law, but if your vehicle is financed or leased, the lienholder is likely to mandate it. Collision, as the name implies, pays for damages caused by an accident with another vehicle or object while comprehensive covers non-vehicle accidents such as storm damage, flooding, theft, or vandalism. 

At the Atrium Insurance Group in Centennial, CO, our team of insurance professionals are ready to help you find the perfect auto insurance policy for your needs. We’ll take the time to learn your unique situation so that we can offer you a policy that is tailored to you.

The Importance of Commercial Insurance in Colorado

You have finally started your own business, or maybe you have had a business for a while, but did you know that in Colorado, there are certain insurance requirements in place for your business?

Workers’ compensation insurance

If you are a business owner who has employees working for you, you must carry worker’s compensation insurance on them. You must have this type of insurance policy for your employees if your business is located in the state of Colorado. You must do this whether you own a private business or a public one. Worker’s compensation is designed to cover the medical bills for any employee who is hurt while on the job or if an employee suffers an illness due to their job.

Commercial auto insurance

In Colorado, if you have vehicles that are owned by your business or used for your business, you must obtain commercial auto insurance for each vehicle. State requirements dictate that the minimum amount of auto insurance is a liability policy that includes $25,000 for bodily injury per person, $50,000 of liability insurance for each accident that occurs, and property damage insurance of at least $15,000 for every accident that happens.

Also, if you or your employees use your own vehicle for work-related activities, each of those vehicles must be covered by a business insurance policy since personal auto insurance policies typically do not include a vehicle when it is being used during the course of doing business. This type of policy can be added to your business owner’s policy or even your general liability insurance policy.

General liability insurance

General liability insurance is optional yet imperative for all Colorado business owners to obtain. It will cover some of the most common risks, such as damage to customers’ properties or for any injuries sustained by customers as a result of your product or service. It will also cover people if they are injured while visiting your business.

If you are renting space for your business, this type of policy will then be likely be required for you to obtain by the property owner. Commercial business insurance can even cover libel or slander lawsuits and property of your customers that are damaged by your product or service.

To create the best policy for you and your business, you will need to enlist the help of an insurance agent with knowledge and experience with commercial insurance. The staff at the Atrium Insurance Group in Centennial, CO is ready to assist you. Call for an appointment today!

3 Reasons to Install a DIY Home Security System

DIY home security systems are a great way to protect your home and family from unexpected threats. A DIY system puts you in total control. You purchase the system outright, and no monthly fees are required. The agents of Atrium Insurance Group often assist homeowners and renters who live in Centennial, CO in determining what type of home security system will offer them the most benefits.

Easy to Relocate

DIY home security systems are great for renters because the system is easy to move from one location to another. The system doesn’t have to be hardwired into the electrical wiring, and nothing is permanently mounted. Installation, in most cases, takes less than 30 minutes.

Allows You To Keep Eyes on Your Home

Most DIY home security systems include a downloadable app that you can use to check your home at any time by accessing your video cameras. You can also set the system, so it sends you notifications if cameras are turned on or motion sensors are triggered.

Reduces the Risk of Loss

DIY home security systems also work to reduce your overall risk of loss. By allowing you to see what is going on in your home at all times, you can prevent break-ins, report fires, or call the police in case of an emergency. Checking on your home frequently can help you discover situations before they get too serious.

If you live in Centennial, CO, you can get in contact with the Atrium Insurance Group if you need to have more information on the benefits of installing a DIY home security system. Every agent understands your need to protect your home and family. Call the agency today and find out everything you need to know about DIY home security systems.

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