Name: Avalue Insurance
Address: 7700 E Arapahoe Rd., Ste. 330, Centennial, CO, 80112
Telephone: 303-773-3332

Do You Need Home Insurance for a Vacation Property?

Posted on January 30, 2025January 30, 2025 by Emilie Hagopian

Ah, vacation homes. Cozy cabins, beachside bungalows, mountain retreats — there’s nothing like owning your own little slice of paradise. But just because it’s not your primary residence doesn’t mean it doesn’t need protection. In fact, insuring your vacation property is just as important (if not more so) than insuring your main home.

Let’s talk about the key coverages you’ll want to consider for your home-away-from-home.

Types of Coverage that Every Vacation Home Needs

1). Dwelling Coverage

Dwelling coverage helps cover the cost of repairing or rebuilding your vacation home if it’s damaged by a covered event like fire, storms, or vandalism. From fixing a storm-battered roof to restoring a vandalized front porch, this coverage ensures your home-away-from-home is covered — even when you’re not there to keep an eye on it.

2). Other Structures Coverage

Vacation properties often come with fun extras like detached garages, sheds, or even pole barns. Other structures coverage steps in to protect these out-buildings from damage. So, if a falling tree damages your garage or your shed takes a beating in a storm, you won’t be left footing the repair bill.

3). Personal Property Insurance

Think about all the things that make your vacation property cozy — furniture, appliances, linens, and even outdoor gear. Personal property insurance covers these items if they’re stolen or damaged. If your kayak gets swiped or your cozy cabin couch gets ruined by a burst pipe, this coverage has your back.

4). Liability Protection

Vacation homes are often shared with family, friends, or even rented out occasionally. Liability protection is crucial in case someone gets injured while visiting your property. Whether it’s a slip on the deck or an accident during a weekend stay, this coverage protects you from costly lawsuit expenses.

5). Medical Payments Coverage

Accidents happen, even in paradise. Medical payments coverage helps with minor medical expenses if someone is injured on your property, without the need for a lawsuit. It’s a simple way to avoid awkwardness if your neighbor twists an ankle at your lake house BBQ.

6). Short-Term Rental Coverage

Thinking about turning your vacation home into a money-making getaway on Airbnb or VRBO? That’s a great way to earn extra cash! But before you hand over the keys to your next guest, make sure you’re covered. Standard homeowners insurance typically doesn’t extend to short-term rentals, which means if something goes wrong — like accidental damage, liability issues, or even a guest injury — you could be stuck footing the bill.

That’s where optional short-term rental coverage comes in. This type of policy bridges the gap, providing protection for your home, your belongings, and potential liability claims while it’s being rented out. Whether you rent occasionally or have a steady stream of guests, this coverage ensures that your investment (and your peace of mind) stays intact.

Don’t Leave Your Vacation Property Unprotected

Your vacation property is your haven — don’t let unexpected events turn it into a headache. A comprehensive home insurance policy ensures that your slice of paradise stays just that: paradise.

At Avalue Insurance, we understand the unique needs of vacation homeowners. Whether you’ve got a cabin, cottage, or beach house, we’ll help you find the perfect coverage to keep your retreat safe.

Let us handle the insurance so you can focus on making memories! Contact us today at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!

Navigating Commercial Insurance in the Age of Remote Work

Posted on January 30, 2025January 30, 2025 by admin

The COVID-19 pandemic has ushered in a new era of remote work. While this shift has offered flexibility for employees and cost savings for businesses, it also presents new challenges for commercial insurance. At Avalue Insurance, we’re here to help businesses in Colorado navigate these changes and ensure they have the right coverage for this new work landscape.

Changes in Risk Profile

With employees working from home, the risk profile of businesses has changed. There may be fewer risks related to physical office space, but new risks associated with remote work have emerged. These can include cyber threats, workers’ compensation claims, and liability issues.

Cyber Insurance

Remote work often means employees accessing company systems and data from home networks, which may not be as secure as office networks. This can increase the risk of cyber attacks. Cyber insurance can provide critical protection, covering costs related to data breaches, ransomware attacks, and other cyber threats.

Workers’ Compensation

Even when working from home, employees are still covered by workers’ compensation for work-related injuries. Businesses need to ensure their workers’ compensation insurance reflects the reality of remote work.

Liability Issues

Remote work can also raise liability issues. For instance, if a delivery driver is injured delivering work-related materials to an employee’s home, the business could potentially be held liable.

At Avalue Insurance, we’re committed to helping businesses in Colorado navigate the complexities of commercial insurance in the age of remote work. If you have any questions or need assistance, don’t hesitate to contact us.

Debunking 5 Myths About Umbrella Insurance

Posted on January 28, 2025January 28, 2025 by Emilie Hagopian

Umbrella insurance: it sounds fancy, doesn’t it? Like something only millionaires would bother with or need. But here’s the thing: umbrella insurance isn’t just for the ultra-wealthy. In fact, it’s a surprisingly affordable way to protect yourself from life’s curveballs. Unfortunately, there are a lot of myths floating around about umbrella insurance that keep people from realizing its true value. So, let’s clear up the confusion and get to the facts.

The Top Myths, Debunked

Myth #1: “I Don’t Have Enough Assets to Need Umbrella Insurance.”

This is one of the biggest myths out there. People assume umbrella insurance only protects valuable, tangible assets. But it also shields your future earnings. If you’re sued for more than your regular insurance covers, your wages could be garnished for years to pay off the judgment. Umbrella insurance steps in to cover those extra costs so you’re not paying out of pocket for the next decade.

Myth #2: “It’s Too Expensive.”

Think umbrella insurance is going to break the bank? Think again! Most policies have surprisingly affordable premiums, even for $1 million-worth of coverage! In fact, many wind up being cheaper per year than your daily latte habit! And considering the peace of mind it offers, trust me: it’s worth every penny.

Myth #3: “My Regular Insurance Already Covers Everything.”

Not quite. Regular insurance policies, like home or auto insurance, have limits. Once those limits are reached, you’re responsible for the rest. Let’s say you’re in a car accident, and the damages are $750,000, but your auto policy only covers $500,000. Without umbrella insurance, you’re on the hook for the extra $250,000. Umbrella insurance bridges that gap and keeps your savings intact.

Myth #4: “I’m Careful, So I’ll Never Need It.”

Even the most careful people can’t control everything. Accidents happen, and lawsuits are more common than you’d think. What if someone trips on your property or a social media post you made leads to a defamation claim? Umbrella insurance covers these unexpected scenarios, giving you a financial cushion for life’s little (and not-so-little) surprises.

Myth #5: “It’s Only for the Wealthy.”

Sure, umbrella insurance is a no-brainer for high-net-worth individuals, but it’s also for anyone who wants to avoid financial ruin. Whether you’re a homeowner, renter, or parent of a teen driver, umbrella insurance adds an extra layer of protection that anyone can benefit from.

The Bottom Line

Umbrella insurance isn’t as complicated — or exclusive — as it sounds. It’s an affordable, practical safety net that protects your savings, your assets, and even your future earnings from the unexpected. Whether you’re dealing with a lawsuit or an accident, having umbrella insurance can make all the difference.

Ready to Debunk the Myths for Yourself?

At Avalue Insurance, we’re here to help you separate fact from fiction. Our team will walk you through your options, answer your questions, and find the right umbrella insurance policy for your needs — without breaking the bank.

Don’t let misconceptions keep you from the protection you deserve. Let’s make sure you’re covered, rain or shine! Contact us today at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!

Restaurant Insurance for Food Trucks

Posted on January 25, 2025January 25, 2025 by Emilie Hagopian

Is Your Mobile Restaurant Covered?

Food trucks have a special place in my heart. There’s nothing quite like spotting a lively food truck on your favorite street corner, the scent of sizzling street tacos or fresh-cut fries wafting through the air. And while food trucks definitely bring the flavor, many of them are lacking in one thing: insurance coverage. With unique risks and challenges that come from running a restaurant on wheels, every food truck needs specialized insurance to keep their business protected — and rolling smoothly. Let’s talk about what kinds of coverage every food truck owner should consider.

Why Food Trucks Need Special Kinds of Insurance

Operating a food truck is nothing like running a brick-and-mortar restaurant. Your business is constantly on the move, which means you face unique risks every single day. What if your truck breaks down during the lunch rush? What if your fryer malfunctions and causes a fire? Or worse, what if you’re in an accident on the way to a food festival?

Traditional coverage just won’t cut it. You need a plan that will cover you at all times, whether you’re cruising down Main Street or parked at a weekend farmers’ market.

The Solution: Comprehensive Restaurant Insurance

Your food truck may not be a “restaurant” in the traditional sense, but it can still benefit from a comprehensive restaurant insurance policy. Here’s a breakdown of everything that should be included in your restaurant insurance policy and how it can help you protect your food truck:

1). Restaurant Liability Insurance

Maybe a customer trips on the curb right next to your food truck, or maybe they claim your spicy chicken taco was just too spicy and made them sick. General liability insurance has your back for things like injuries or property damage. It’s the ultimate “just in case” coverage for those unexpected moments.

2). Liquor Liability Insurance

If your food truck serves alcohol, you’ll want liquor liability insurance in your corner. It covers your business in case a customer overindulges and ends up causing damage or injury. Serving responsibly is key, but this coverage helps protect you from the “what-ifs.”

3). Property Insurance

Your food truck is more than a vehicle — it’s literally your kitchen, your storefront, and your livelihood. Property insurance covers your expensive equipment like grills, refrigerators, and even your inventory against damage or theft. If something breaks or gets stolen, this policy keeps you cooking.

4). Business Interruption Insurance

What happens if your truck is out of commission because of a fire, theft, or mechanical issue? Business interruption insurance helps cover lost income and operating expenses while you’re off the road.

5). Foodborne Illness Coverage

Foodborne illnesses are every food business owner’s worst nightmare. If a customer claims your food made them sick, this coverage steps in to handle the legal and medical costs. It’s peace of mind for those “just in case” moments.

6). Workers’ Compensation Insurance

If you’ve got employees helping you prep, cook, or serve, workers’ compensation insurance is a no-brainer. It covers medical expenses and lost wages if someone gets hurt on the job, whether they burn their hand or slip on a spill. It’s also required by law in most states, so don’t skip it!

7). Company Auto Insurance

Your truck quite literally is your business, and personal auto insurance isn’t enough to protect it. Company auto insurance covers damages from accidents, theft, or vandalism and even protects you from liability while you’re on the road.

8). Crime/Fidelity Policies

Handling cash and inventory out in the open can make food trucks a prime target for theft. Crime insurance protects your business from losses due to employee dishonesty or other theft-related incidents.

9). Electronic Instrument Policies

Your POS system, computer, and other tech are vital for running your business. Electronic instrument policies ensure that if your gadgets are damaged by the rain or stolen unexpectedly, you won’t be left scrambling.

Stay Covered and Keep Rolling

Running a food truck is an exciting, dynamic business—but it’s not without risks. The right insurance coverage ensures that you’re prepared for the unexpected, from kitchen accidents to road mishaps.

At Avalue Insurance, we specialize in helping food truck owners find the perfect coverage for their unique needs. Whether you’re just starting or expanding your fleet, we’ll work with you to create a policy that fits your budget and your business.

Contact us today to get started! You can give us a call at 303-773-3332, email us at info@avalueinsurance.com, or request a quote right here online!

Avalue Insurance

Get a Quote

Month: January 2025