Hotel & Motel Insurance Through Philadelphia Insurance

June 10, 2011 Leave a comment

As you have been seeing, I have been going over a lot of programs, that we write through Philadelphia Insurance. They have a full line of great commercial and business insurance products. One of them being motel and hotel insurance. Philadelphia Insurance Companies specializes in the Hotel Industry. We understand how to provide a flexible and comprehensive insurance program for risks all across the United States. Lets take a look at the product they offer for hospitality. All information was provided through phly’s website.

Benefits of the Program

  • Crime, Boiler, and all property coverages under one policy
  • Coverage is included for guest personal property, foundations, underground pipes, flues, drains, and retaining walls that are not a part of the building, bridges, roadways, walkways, patios, and other paved surfaces
  • Owned automobiles including airport shuttle vehicles
  • Liquor Liability
  • Directors & Officers Coverage Available

10 Reason’s Why to Choose Phly:

1. One of the broadest property enhancement forms in the industry. This coverage includes but
is not limited to: Property Off Premises, Fire Department Service Charge, Food Spoilage,
Valuable Papers, Accounts Receivable, Debris Removal, Sewer and Drain Back-up and
Ordinance or Law, Alternative Key System, Reservation System, and Credit Card Slips
2. One stop shopping for all your insurance needs. Property, Equipment Breakdown, Inland
Marine, Crime, General Liability, Professional Liability, Abuse and Molestation, and
Automobile coverage bundled into one convenient policy
3. Ultimate Cover – broad proprietary property coverage form including Flood and Earthquake
where available
4. Blanket limits with agreed value (no coinsurance) available
5. Garagekeeper’s Liability coverage available
6. Liquor Liability coverage available in most states
7. Automobile coverage available for hotel passenger vans, including airport shuttles
8. Hotel guest inconvenience coverage available
9. Guest personal property coverage included
10. Interest-free installments available for accounts that generate at least $2,000 in premium

Bed and Breakfast Product:

Whether you run a cozy bed & breakfast in Colorado, or a country inn in Wyoming, we can offer you the best insurance coverage to fit your needs.

This insurance program focuses on facilities located in resort and destination locations, such as ski towns and national and state park communities. Target risks provide guest lodging for an average of 2-3 nights, and in addition to providing breakfast might offer restaurant and bar facilities or recreational activities to their patrons. Frame, unprotected property is expected.

Coverage We Offer:

General Liability
• Comprehensive General Liability – Limits to
$1,000,000 each occurrence/$3,000,000 aggregate
• Premises Liability
• Personal Injury Liability
• Employee Benefits Liability
• Liquor Liability coverage available
• General Liability Deluxe endorsement for hotels includes
coverage for general aggregate per location, several
types of additional insureds and reservations and
wake-up service liability
Property
• Blanket limits with large in-house capacity
• Ultimate Cover – broad proprietary property coverage
form including Flood and Earthquake where available
• Able to provide Crime, Boiler, and all
Property coverages under one policy
• No separate form needed for computer property, this
coverage is included under the personal property limit
• Coverage is included for foundations, underground pipes,
flues and drains, retaining walls that are not a part of
the building, bridges, roadways, walks, patios and
other paved surfaces
• Automatic coverages, including, but not limited to arson
reward, contract penalty clause, excavation and
landscaping, fire sprinklered or burglar alarm upgrade,
new construction, accounts receivable, and guest
personal property
• Elite Property Enhancement Endorsement includes
coverage for Emergency Vacating Expenses,
Automated External Defibrillators, Alternative Key
System, Hotel Guest Inconvenience Expense,
Credit Card Slips and Guest Personal Property
Automobile
• Owned auto including airport shuttle vehicles
• Non-owned auto
• Hired auto
Crime and Fidelity
• Money and Securities
• Money Orders and Counterfeit Paper Currency
• Employee Dishonesty
Umbrella/Excess Liability
• Large Excess Limits available
Bell Endorsement
• Includes $50,000 limits each for Business Travel
Accident Benefit, Donation Assurance, Emergency Real Estate
Consulting Fee, Identity Theft Expense, Image Restoration
and Counseling, Key Individual Replacement Expenses,
Kidnap Expense, Terrorism Travel Reimbursement, Workplace
Violence Counseling. $25,000 limits for each Conference
Cancellation, Fundraising Event Blackout, Political Unrest
($5,000 per employee), Temporary Meeting Space
Reimbursement and $1,500 Travel Delay Reimbursement
Crisis Management Enhancement Endorsement
• $25,000 limit for crisis management emergency response
expenses incurred because of an incident giving rise to a “crisis”

Please contact us for any questions or a quote.

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Shooting Range Insurance | Get A Free Business Insurance Quote

June 10, 2011 Leave a comment

Shooting Range Insurance Program

Let us build a unique insurance policy for your shooting range. We offer an industry leading product. We can insure all operations including rifle, pistol, shotgun or bow ranges. We can also cover sporting clay facilities.

Work with one of our agents and get a superior insurance policy, that no other agency can offer. Our agents are licensed and understand insurance.

Operations We Insure

  • Indoor/Outdoor
  • Pistol Ranges
  • Shotgun Ranges
  • Rifle Ranges
  • Bow Ranges
  • Clay Facilities
  • and more!

Our Business Owners Policies Go Above And Beyond The Industry Standard

We pride ourselves with our company’s insurance products. We know our policies have comprehensive coverage which most insurance policies do not have.  Take a look a break down of coverages we offer.

  • General Liability
  • Building
  • Business Property
  • Inventory Coverage
  • Product Liability
  • Special Equipment Coverage
  • Loss Of Business Income
  • Excess/Umbrella Liability
  • Workman’s Compensation
  • Commercial Auto Insurance
  • Employee Dishonesty
  • Accounts Receivable
  • and more!

For more details on our Business Owners Policies, Please Click Here.

Our Companies Claims Process Is Excellent

We only write insurance with companies that have an excellent claims process. A claim can be complicated, but our companies will treat you fair and keep the process as simple as possible.

Personalized Service

Our agency is family based and understands insurance. You will work one-one-one with an experienced agent who will find a policy that best fits your business needs. We believe in “good old-fashioned customer service”.

Get A Free Business Insurance Quote

Please contact us during normal business hours at 1-888-270-0995. Or use our quick form and we will contact you right away. You will work with a licensed experienced agent, who will work with you, to get a free competitive quote.

Filed under Business & Commercial Insurance, Outdoor Products Insurance Tagged with , , , , , , , , , , , , , , , , , , , , , ,

What Is A Personal Umbrella Liability Insurance Policy?

June 8, 2011 Leave a comment

When watching television we see lots of lawsuits taking place which could even involve you.  These lawsuits and advertisements thereof,  pay for a lot of airtime.  You have “Henry the Hammer” telling you how much money you can get for your car accident.  Unfortunately, you have a ton of frivolous lawsuits that are going against the insurance companies at which at the end,  drives up the premium for your vehicle insurance.  Unfortunately, it is the attorneys making the most money from this.  It is not the victim that wins, it is the attorney that wins.  This is why if you have assets, your life savings, money in bank, properties, you have to make sure you are protecting yourself from these attorneys because they will go after these assets.

Let us explain how an umbrella works.  First of all, umbrellas are purchased in increments of one million.  Our agency can sell a ten million dollar umbrella, but the average is one million.  Umbrellas protect you above and beyond your auto and home insurance liability.  Do keep in mind to qualify for an umbrella, you have to maintain certain underlying limits.  The United States average for these requirements is $250,000 per person, $500,00o for the total accident, and $100,000 for property damage for auto insurance liability.  For home insurance liability, it is a $300,000 minimum, this can include your renters, homeowners, landlord, or investment property.

Examples of how an umbrella will work:

1.  An auto insurance example:  you get into an at fault accident and there is one person in the car.  That person sues you managing to get a $500,000 judgement against you including fees.  At this point your limits have been exhausted on your auto insurance policy.  But you have wisely purchased an umbrella, so the one million dollars is more than enough to cover the judgement.  If you had not purchased an umbrella, your personal assets and estate would be jeopardized.

2.  A Homeowners example:  someone comes to your home and visits, slips and falls and sues you for $700,000 including fees.  That person wins and your $300,000 homeowners policy limits are exhausted.  Again, since you have purchased an umbrella, you are protected because you have at least one million to cover the judgement.

DO I NEED AN UMBRELLA?

A simple answer is, if you have money in the bank, own stocks, are a CEO, an athlete, a business owner or make an average income, you need one.  One easy way to figure this out, “how well established in life am I right now?”  You need one, but if you are a college student and don’t have a penny in the bank, you don’t need one.  A college student is usually lucky just to buy an auto policy covering the mandatory legal liability limits.

How much is an Umbrella?

The average price of an umbrella is $260.00 per year at our agency which includes two vehicles and one home.

Our Companies Claims Process Is Excellent

We only write insurance with companies that have an excellent claims process. A claim can be complicated, but our companies will treat you fair and keep the process as simple as possible.

Personalized Service

Our agency is family based and understands insurance. You will work one-one-one with an experienced agent who will find a policy that best fits your business needs. We believe in “good old-fashioned customer service”.

Get A Free Umbrella Insurance Quote!

We offer up to 6 personal lines companies for umbrella insurance. To get a insurance quote, please use our quick form, or contact us during normal business hours at (888)-270-0995. We will counsel you into how to receive the best price, for the most coverage. We will also advise on how to maximize discounts.

Filed under Auto Insurance, Boat Insurance, Car Insurance, Condo Insurance, General Insurance, Home Insurance, Homeowners Insurance, Landlord Insurance, Renters Insurance Tagged with , , , , , ,

What Is the Progressive Insurance Snapshot Discount?

June 8, 2011 Leave a comment

As an independent agent I get a lot of questions, asking what this is.  Its actually very simple. When you sign up for a Progressive insurance policy, you can either elect to opt in or opt out for snapshot. If you elect to do the snapshot discount, you could potentially save up to 30 percent on your next renewal with them.

How it works is they send you a device, you plug it into your vehicles on board diagnosis plug. After 30 days, you can actually monitor your driving habits online. From there, Progressive will project your savings on next renewal. If your driving habits are good, you will most likely receive a discount on your next policy period.

Criticism of the program is a lot of people think its to much “big brother”. The reason is they are monitoring your driving every second you are on the road.  Some people don’t like this idea.

Filed under General Insurance Tagged with , , ,

Looks like Droughts are still ahead in Colorado: How to protect your Home from wildfires

June 7, 2011 Leave a comment

We are above average in rainfall in Colorado but we could very easily slide back into a drought season in the mountains and plains.  When the burning sun pushes the temperature to over 100 degrees and it occurs day after day with little rainfall, chances are we are in for a drought.  So what causes a wildfire and how do we protect ourselves against such risks?  First of all, it is not only the trees that are a threat but it is the grass.  For instance, a grass fire can start blazing and move to the trees.  The trees, of which there are branches and leaves light up in a glow and we have a forest fire on our hands.

Other ways wildfires can occur are through careless “campfires” that are not watched or kept within the confines of a concrete slab or fire ring.  Just pure carelessness in general, such as throwing a cigarette butt on the ground or tossing a match can light up a grass fire resulting in an eventual forest fire.

The best policy is the DP3, it includes replacement cost on the dwelling, personal property coverage can be added with replacement cost, extended dwelling coverage can be added, and many more things.  This is specifically if it is seasonal dwelling.   If it is a primary dwelling, then one needs an Ho3.

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June Is the Start of Colorado’s Peak Hail, Flood & Severe Weather Months

June 6, 2011 Leave a comment

According to RMIIA, June is the start for severe weather. Colorado is known as the hail capital in the world. This is a good time to take out your policy and make sure you have all ends covered.  As we all now Colorado has some of the highest home insurance prices due to this. Rates also haven’t been good in Colorado lately, due to the recession, when insurance companies get a poor return on investment. Other reasons such as higher insurance fraud during recessions, and insured’s who have fallen off the book, doesn’t help. A lot of companies are also starting to go towards a mandatory 1% deductible of the amount the dwelling for all wind and hail losses. Lets take a look at previous catastrophe losses in the past in Colorado.

Home

Date Location
Cost When Occurred
(Millions)
2009 Dollars
(Millions)*
July 20, 2009 Denver Metro
$767.6
—
July 11, 1990 Denver Metro
$625.0
$1.03 Billion
June 6-15, 2009 Denver Metro
$353.3
—
June 13-14, 1984 Denver Metro
$276.7
$571.3
July 29, 2009 Pueblo
$232.8
—
October 1, 1994 Denver Metro
$225.0
$325.7
May 22, 2008 Windsor
$193.5
$192.8
June 8-9, 2004 Denver Metro
$146.5
$166.4
August 11, 1997 Denver Metro
$128.0
$171.1
May 22, 1996 Denver Metro
$122.0
$166.8

Filed under Home Insurance

State Auto Insurance

June 6, 2011 Leave a comment

A lot of you probably haven’t heard of State Auto Insurance, but writing business with them doesn’t get any better. Also there customer service is great along with there rates. Please keep in mind they do more then just auto insurance. They also do home insurance and business insurance.

First of all, they are only one of 2 companies that offer up to 100,000 dollars in medical payments I’ve seen in Colorado. This makes it really easy to get people enough coverage under one policy. The other company I have that offers that high of Medical Payments is Met Life Auto and Home.

Second, you can insure up to 9 vehicles on 1 policy. Most polcies is just five. This makes it really convient for people with big families and good records. You can also include up to 9 drivers.

Third, There rates are unbeatable, no one else there can be their rates. When you fit into there bubble, they can’t be beat. I have switched a lot of people over to State Auto, since I have gotten an appointment at the beginning of the year.

Forth, there pay plan is unbeatable. If you want to do EFT, they don’t charge for it. So you can set up on a monthly bill, with out being nickled and dimed installment fees. You also don’t have to worry about down payment neither. They will bill you for it!

Fifth, They have a commercial product that some of the most competitve rates that I know of. There business owners policy is one of a kind.

So pick up that phone and call us for a quote from State Auto. If your not in the Colorado area, Google a local insurance broker around you and ask if they have State Auto!

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Filed under General Insurance

Auto Insurance

June 6, 2011 Leave a comment

It seems today that people seem to think, having a high deductible, can be bad, because you could be out a lot of money if something happened!!!

 

But in all reality high deductibles are good, in most case scenario’s. I will explain why, in my opinion, high deductibles are good!

 

No Fault Accident states:

In a no fault state, it pretty much means what it says. When you have an insurance policy it covers everyone. Including the driver and passengers that would most likely be at fault in the accident. Simply enough to explain, it doesn’t matter who is at-fault. To find out more if you are an at or no fault state, please visit this link. This blog is not going to cover or give advice for no fault states.

Liability in an at fault state:

Liability: Lets get down to some of the basics of your auto insurance policy. I am going to list the requirements and options of a Colorado insurance policy. In Colorado we are an at-fault state. This means all you have to carry is liability. This covers you against any possible third party damages. You and the insurance company are party A and B, everyone else is potentially party C or the third party.

In Colorado the requirements are to carry 25/50/15. This breaks out to 25k per person, 50k per accident, and 15k property damage. This will cover third party damages of, medical bills, pain and suffering, ambulance ride, lost wages, and if they sue you in court. This in itself is not very much coverage. We will cover that later on. You also have the option of buying more liability. He are the common increments. 25/50/15, 50/100/25, 100/300/50, 250/500/100 and the 500 and 1 million combined single lmits.

Medical payments: Is for covering the driver and passengers in the the at-fault car, in an accident. The amount is per person and can buy as little as $5000 per person all the way to $100,000 per person. This depends on the insurance company. It covers anywhere from an ambulance ride to medicals bills, and sometimes lost wages. Though this not the main focus of my blog, I wanted to go over this.

Under-insured/Uninsured motorists bodily injury: Covers anyone else who is fault and doesn’t have insurance and who possibly hits and runs. Also covers anyone who is under insured and doesn’t carry the standard limits of 100/300. This also covers you while your a pedestrian.

Towing and rental car reimbursement: in itself is self explanatory and is an optional coverage.

Comprehensive and Collision: This covers physical damage done to your vehicle. This includes, at-fault accidents, not at fault accidents, vandalism, theft, weather, riots and so on. You can buy the deductibles in 100, 250, 500, 1,000 and sometimes 2,500 and 5,000.

So my point is why carry high deductibles for comprehensive and collision on your vehicle? Well first of all, 85 percent of the time, these coverages are the most expensive on your policy. You would be surprised the price difference in premium from a 100 dollar deductible to a 1,000 dollar deductible. Over time you will save enough money to pay for your deductible twice. Also if something happens and you have a high deductible, shops will usually work out a pay plan.

You also want to take the money you saved off high deductibles, and BUY more liability with it. But I know your saying “Mark, I can’t pay that much money for a high deductible, if I got into an accident!” That is a good point. But you shouldn’t worry about your car in an accident. If your at fault in an accident you should worry about the person you just hit! For all you know, there could be a baby in the other car! Or even worse, you could have just killed a father of 3, that supports his family and is worth a couple of million dollars. Are you worried about your car now? I am not. I am worried about someone I could kill or injure really bad. You can always replace a car, but you can’t replace someones spine, or even the person them self. A 1000 dollars might seem like a lot, until they’re suing you for a million dollars. And if you have the state minimum liability, then you pretty much screwed.

My advice is to pull out your policy and take good look it. Its usually a wash when you raise both your liability and deductibles. Maybe its time to bump up your coverages or start looking for a new company. If your worth a lot of money, then you need to carry an umbrella on top of your auto insurance liability. These policies are cheap and protect you quite extensively. It is a separate policy by the way. If your a broke college student and only can afford the state minimum, that’s probably okay. And as always if your in the Colorado area, your more then welcome to call me, get advice and get a quote.

Cheers, Mark.

 

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Filed under Auto Insurance

Does my Renters Insurance Include Theft & Burglary Coverage?

June 1, 2011 Leave a comment

I got a question recently asking if their personal property is covered in the event of a burglary or theft. This all depends on what type of policy you have. To put it shortly yes, it does cover it. As long as you have an HO-4 policy. If it is a fire policy, it probably isn’t good for you.

You can simply check by calling us, or you can pull out your declaration page and make sure your covered. Keep in mind that a deductible will come into play, if you have a claim.

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How Much Liability Does Your Auto Insurance Have?

June 1, 2011 Leave a comment

It seems like every time that we turn on our Tv’s, there is an ad of a personal injury lawyer, telling you how much money he could get for you form a car accident. Unfortunately the reason they can afford the expensive commercials, is because they end up getting big settlements from insurance companies. Usually at least 30 percent. At the end this effects all consumers, because the insurance company now has to charge everyone a higher premium to pay for frivolous law suits and judgements.

It is now spring is this is an excellent time to check you auto insurance liability limits, since we are all now traveling a lot. As we all now when you drive more, there is more of a risk you might get into a car accident. So this is a very good time to pull out your declaration page and to see how much liablity you have. We do recommend that you have at least a 500k combined single limit. If you have any questions please visit out website.

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