Colorado classic car owners can count on the team at Integrity First Insurance for all of their insurance needs. If you have questions about the right way to protect your classic car, we are here to help. Give us a call today!
Yes, specialized insurance is required for classic cars in Colorado
Owning a classic car is much more than just a hobby, it’s also an investment. Colorado requires that owners of certain types of cars carry specialized insurance. These include antique and classic cars, custom cars, and certain sports cars. If you own a specialty car, you will need to secure a specialized policy.
There are a number of different options that are available in our state, and we can help provide information to make your selection process more streamlined. Factors to consider when selecting your specialized classic car policy are the value of the car, how often and how far you drive it, and where and how it is stored.
A classic car does not typically function like a vehicle that is primarily used for transportation. This means that typical metrics such as the length of your daily commute won’t be a factor when you are selecting your specialized policy. There are a number of other factors that your insurance carrier will ask about in determining the risk associated with insuring your classic car. Be sure to work with an agent who understands these vehicles and their unique insurance policy needs.
Find out more today!
Integrity First Insurance is the team to call for all of your insurance needs in the state of Colorado. We are here to help all of our clients, no matter how specialized their insurance needs might be. Contact our office today to find out more.
Many businesses carry insurance to protect them from cyber risks, but most people don’t know that you can also get Personal Cyber Protection. Several insurance companies now offer a Cyber Endorsement on their homeowners policies. If your home policy doesn’t offer that coverage, there are separate policies you can purchase to cover your cyber risks.
How Common are Cyber Attacks?
In 2021 alone, there were 847,376 complaints of cyber attacks reported to the International Crime Complaint Center. With those complaints, the potential losses exceeded $6.9 Billion.
According to Forbes, there are more than 4,000 ransomware attacks every day in the United States. That’s a 300% increase in ransomware attacks since 2015.
Who Needs Cyber Protection?
With the number of smart devices in most homes, nearly everyone has some amount of cyber risk and could benefit from coverage for cyber losses. If you fall into any of the categories below, cyber insurance might be useful for you and your family.
Home security cameras
Amazon Alexa or other smart devices
People who use:
Venmo or PayPayl
Social Media (or children with social media)
Apps that link with bank account or credit card information
The more smart devices you have, the greater the chance you have of getting targeted by a cyber criminal. You could lose privacy, money, a sense of security, your reputation and more. Cyber coverage can’t prevent a cyber crime from happening, but it can help make you whole again if you’ve been targeted.
What Does Cyber Insurance Cover?
Each insurance company may offer different variations of coverage for cyber risks, though most will offer some combination of the following.
If your identity is stolen, Identity Recovery coverage help to cover the costs associated, including legal fees, notary fees, credit bureau reports, and possibly a case manager to help guide you through the recovery process.
Cyber Extortion is the demand for money or something else based on a credible threat to damage, disable or deny access to a device, system or data. One example is a hacker locking someone out of their computer and only returning access if they pay a ransom.
With coverage for Cyber Extortion, you’ll be provided professional assistance from an expert in the matter who will help you respond to a threat. In certain cases, your policy may also pay the ransom for the extortion threat.
A Cyber Attack is a malware attack against or unauthorized use of a computer or other connected home device.
Cyber Attack coverage can help pay for the cost of a professional firm to replace lost or corrupted data and restore the device to its original state.
If there is a breach where personally identifying or sensitive information is lost, stolen or released, Data Breach coverage can help resolve the situation. Coverage includes a forensic IT review to determine the extent of the breach, legal counsel to develop a response, and can help pay the cost to notify affected individuals.
Fraud includes unauthorized use of a card, card number, account number or forgery of a check. Fraud coverage helps reimburse the insured for the resulting financial loss.
Cyberbullying is the use of electronic communication to bully a person by sending, posting or sharing negative, harmful, false or mean content.
There are a select few companies that include coverage for Cyberbullying in their Cyber protection. If Cyberbullying coverage is provided, it can cover mental health counseling, temporary relocation expenses, private tutoring and enrollment expenses if a student needs to relocate to an alternative school.
If you’d like to discuss your cyber insurance options, give us a call. We’re happy to walk you through the coverage and help you find the right fit for your family.