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

What Parents Need to Know About Adding a Teen Driver to Their Auto Insurance

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

So, your teenager just got their driver’s license — congratulations! And also… good luck. While they’re thrilled about their newfound freedom, you’re likely running through a mental checklist of everything you need to do to keep them safe on the road. One major item on that list? Adding them to your auto insurance policy.

It’s not the most exciting part of their driving journey (for either of you). But it’s a crucial step to ensure they’re covered in case of an accident. Here’s what you need to know as a parent before making the call to your insurance provider.

1. Do I Have to Add My Teen to My Auto Insurance?

Short answer: Yes.

Longer answer: In most cases, your auto insurance provider will require you to add any licensed driver living in your household to your policy. Even if your teen doesn’t have their own car and only borrows yours occasionally, they still need to be covered. Failing to do so could lead to big problems if they’re involved in an accident.

2. How Much Will It Cost?

Brace yourself — adding a teen driver to your policy can be expensive. Statistically, teen drivers are more likely to be involved in accidents, which makes them a higher risk for insurance companies. On average, adding a teen can increase your premium by 50% to 100%. Yikes.

But before you panic, there are ways to save money, which leads me to…

3. How Can I Lower My Insurance Costs?

Insurance companies recognize that not all teens are reckless drivers, so they offer discounts to help soften the blow. Here are a few ways to cut costs:

Good Student Discount – Many insurers offer discounts for teens who maintain a B average or higher. If your teen is hitting the books, they might help you save money too!
Driver’s Education Discount – Completing a state-approved driver’s ed course can lower insurance rates. Some companies even offer their own safe-driving programs with discounts attached.
Safe Driving Apps – Some insurers offer apps that monitor driving behavior. If your teen proves they’re a cautious driver, you could score some savings.
Bundling Policies – If you have multiple insurance policies (home, auto, life), bundling them with the same provider could get you a discount.

4. Should My Teen Have Their Own Policy?

It’s usually cheaper to add them to your existing policy rather than getting them their own. However, if your teen has their own car and you don’t want their risk affecting your insurance rates, a separate policy might be worth considering. Keep in mind that individual policies for teens tend to be pricey.

5. What If My Teen Goes to College Without a Car?

If your teen is heading to college more than 100 miles away and won’t be taking a car, let your insurer know! Some companies offer a “student away at school” discount, which can significantly lower your premium while keeping them covered for occasional driving when they’re home on break.

Ready to Add Your Teen? We Can Help!

Adding a teen driver to your policy doesn’t have to be overwhelming. At Avalue Insurance, we’ll walk you through your options, help you find discounts, and make sure your family is protected without breaking the bank. Give us a call today and let’s get your teen covered — so you can stress a little less while they hit the road!

Give us a call at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!

Why Startups Should Invest in Cyber Insurance Early

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

When you’re starting a new business, there’s no shortage of things to think about — funding, hiring, marketing, product development. But there’s one thing that often falls to the bottom of the to-do list: cybersecurity. Many startups assume they’re too small to be targeted by cybercriminals or think they’ll get to it “later.” But here’s the reality: later might be too late.

If you’re a startup founder, it’s time to make cyber insurance a priority. Here’s why.

Cybercriminals Don’t Care About Your Size

There’s a common misconception that hackers only go after big corporations with deep pockets. Unfortunately, that’s far from true. Startups and small businesses are often seen as easy targets because they typically lack robust cybersecurity measures. In fact, a report from the National Cyber Security Alliance found that 43% of cyberattacks target small businesses.

Without cyber insurance, a single data breach or ransomware attack could cripple your operations or even shut down your business entirely. Investing in cyber insurance early ensures that you have a safety net in place to help you recover from the unexpected.

Startups Handle a Lot of Sensitive Data

Even in their early stages, startups often deal with sensitive data—customer information, employee records, financial details, or proprietary business information. If this data falls into the wrong hands, it’s not just a financial risk—it’s a reputational one.

Imagine explaining to your first batch of customers that their personal data was compromised because you didn’t have adequate protections in place. Cyber insurance doesn’t just help cover financial losses; it also helps you manage the fallout, including legal fees, notification costs, and public relations efforts.

Cyber Insurance Is Affordable for Startups

One of the biggest barriers to getting cyber insurance is the assumption that it’s too expensive. But here’s the good news: policies are often more affordable than you might think, especially for startups with smaller teams and lower revenues.

Cyber insurance is an investment in your business’s future. It protects you from costly out-of-pocket expenses that could otherwise derail your growth. Plus, having cyber insurance in place can make your business more attractive to investors and partners who want to see that you’re taking cybersecurity seriously.

Cyber Threats Are Only Getting Worse

Let’s face it: the digital landscape isn’t getting any safer. Cyberattacks are becoming more sophisticated, and the risks are only increasing. Waiting to invest in cyber insurance means leaving your business vulnerable during its most critical stages.

By securing coverage early, you can focus on growing your business with the confidence that you’re protected against one of the biggest risks of the modern era.

Don’t Wait Until it’s Too Late

At Avalue Insurance, we understand the unique challenges startups face, and we’re here to help. Our cyber insurance policies are designed to protect your business from the financial and reputational fallout of a cyberattack, so you can focus on what you do best: growing your business.

Ready to protect your startup’s future? Contact Avalue Insurance today to learn more about your cyber insurance options. Give us a call at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!

Why Umbrella Insurance is Crucial for Centennial’s Artisanal Food Producers

Posted on February 27, 2025February 27, 2025 by admin

Running an artisanal food business in Centennial, CO is a rewarding endeavor, offering a unique blend of creativity and business. However, it also comes with its share of risks, from property damage to liability lawsuits. That’s where umbrella insurance from Avalue Insurance comes in.

Why Artisanal Food Producers Need Umbrella Insurance

Umbrella insurance provides an extra layer of liability coverage above the limits of your standard insurance policies. This can be invaluable in a lawsuit, helping to cover legal fees, damages, and other costs that can quickly add up.

Understanding the Coverage

Umbrella insurance kicks in when the liability limits of your other insurance policies have been reached. It can cover a variety of situations, including property damage, injury liability, and certain legal costs.

Choosing the Right Umbrella Insurance for Your Artisanal Food Business

When it comes to selecting an umbrella insurance policy for your artisanal food business, it’s important to consider your unique needs. The team at Avalue Insurance in Centennial, CO can help you assess your risks and choose a policy that provides the right level of coverage.

Protect Your Artisanal Food Business with Avalue Insurance

Umbrella insurance is more than just a safety net for artisanal food producers in Centennial, CO. It’s a crucial part of protecting your business and ensuring peace of mind. Don’t leave your artisanal food business unprotected. Contact Avalue Insurance today to learn more about our umbrella insurance options for artisanal food producers.

Why Millennials Should Start Thinking About Life Insurance Now

Posted on February 27, 2025February 27, 2025 by Emilie Hagopian

When you think about life insurance, it’s probably not something you associate with your 20s or 30s. Most people imagine life insurance as something you deal with later, maybe when you’re married, have kids, or are nearing retirement. But here’s the thing: waiting until “later” could cost you more than you realize.

If you’re a millennial, life insurance might not be on your radar yet, but it absolutely should be. Here’s why.

It’s Cheaper When You’re Younger

Life insurance rates are largely based on age and health. The younger and healthier you are, the lower your premiums will be. That means locking in a policy now could save you hundreds, if not thousands, over the years.

Think of it like this: you’ll be getting those “young and healthy” rates. Waiting a few years might not seem like a big deal, but as we age, life happens — health issues can arise, and rates can go up.

You’re Probably Healthier Now

Life insurance companies look at your health history when deciding your rates. If you’re in good shape now, you’ll likely get a better deal. While none of us can predict the future, it’s safe to say that taking action while you’re healthy gives you an edge.

Plus, some policies even offer living benefits, meaning you can access your coverage if you face a serious health issue later. It’s not just about protecting others; it’s about protecting yourself, too.

It’s Not Just for Parents or Married People

Sure, life insurance is a no-brainer if you’re married or have kids. But even if you’re single or don’t have dependents, life insurance still has value.

Do you have student loans with a co-signer? What about credit card debt? Life insurance can ensure your loved ones aren’t left to pick up the financial pieces if something happens to you. And if you have dreams of leaving a legacy — like donating to a charity or supporting a cause you care about — life insurance can help make that happen.

It’s an Investment in Your Future

Certain life insurance policies, like whole life insurance, may offer a cash value component. This means you can build savings over time that you can borrow against or use in emergencies. It’s like creating a financial safety net for yourself while still providing protection for your loved ones.

For millennials, this dual-purpose option can be a smart way to combine financial planning with peace of mind.

Life Happens Fast

One thing we’ve learned over the last few years is how unpredictable life can be. Getting life insurance now is a way to prepare for the unexpected. It’s not about being pessimistic; it’s about being proactive.

Let’s Get You Started

Ready to take control of your financial future? At Avalue Insurance, we specialize in helping millennials find life insurance policies that fit their needs and budgets. Whether you’re new to life insurance or just want to explore your options, we’re here to guide you every step of the way.

Contact Avalue Insurance today to schedule a consultation, and learn how life insurance can be a smart and affordable investment in your future. Give us a call at 303-773-3332, info@avalueinsurance.com, or request a quote right here online. Don’t wait — your future self will thank you!

5 Risks You’re Taking Without Professional Liability Insurance

Posted on February 18, 2025February 18, 2025 by Emilie Hagopian

Running a business or offering professional services comes with plenty of rewards, but it also comes with plenty of risks. Sure, you may be an expert in your field, but let’s face it — mistakes happen. And when they do, they can cost you more than just money! If you don’t have professional liability insurance, you’re leaving yourself open to some serious risks. Let’s talk about five big ones.

1). Costly Lawsuits

Ah, the L-word. It’s a word that every business owner hopes they’ll never have to hear or utter. But unfortunately, lawsuits happen more often than you’d think, and the aftermath is never pretty.

Let’s say a client claims your advice led to financial losses. Suddenly, you’re hit with a lawsuit demanding thousands (or even millions) of dollars in damages. Legal fees alone can drain your savings, not to mention the settlement or judgment if you lose. Professional liability insurance can step in to cover these costs (so you don’t have to).

2). Your Reputation Is on the Line

A lawsuit isn’t just a financial burden; it’s a reputational one too. Even unfounded claims can damage your credibility and make potential clients think twice about hiring you. Professional liability insurance often includes coverage for PR efforts to help repair your reputation if a claim goes public.

3). Contract Requirements Could Exclude You

Many clients, especially large organizations, require contractors and service providers to carry professional liability insurance. If you don’t have it, you might miss out on lucrative opportunities simply because you don’t meet their standards. PLI is often a ticket to landing bigger, better contracts.

4). Human Error Happens

Let’s be real: nobody’s perfect. Maybe you overlooked a critical detail, missed a deadline, or miscalculated something. Even small mistakes can lead to big financial losses for your clients—and they might expect you to cover the cost. Professional liability insurance can protect you from bearing the full brunt of those mistakes, covering claims that arise from errors or omissions.

5). Claims Can Haunt You Long After the Job Is Done

Here’s something many people don’t realize: you can be sued for work you completed months or even years ago! Without professional liability insurance, you’re on your own for any claims that arise after you’ve wrapped up a project. A good policy can include an extended reporting period to cover those situations.

Don’t Leave Your Business Vulnerable

At Avalue Insurance, we understand the unique challenges professionals face, and we’re here to help you find the coverage that fits your needs and budget. Our team of experts will walk you through the process, answer your questions, and ensure you’re protected against the unexpected.

Don’t let one mistake or misunderstanding derail your hard work. Contact Avalue Insurance today to discuss your professional liability insurance options! Give us a call at 303-773-3332, info@avalueinsurance.com, or request a quote right here online!

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