Are You Covered?
Home, Life, Auto & Specialty Insurance
At Transparent Insurance, we strive to build meaningful relationships with our clients through education and customer service. It is our job to ensure that the insurance process is transparent and straightforward, so you completely understand your needs, and how your assets are being protected. Whether it is protection for your home, vehicles, business, or loved ones, you can sleep soundly at night knowing that you have the protection you deserve for what you work so hard for.
Insurances We Offer
Homeowners And Renters
Your house is more than just a home, it is what protects you and your family. With extensive coverage options and policies tailored for you, let’s see how we can protect the roof over your head.
Your means of transportation is more than 4 wheels, it is something that helps you experience life to the fullest. Let’s make sure that your vehicle has the coverage it needs to keep you on the road.
Loved ones are the most important thing in our lives. Making sure that you never have to worry about the financial fallout of losing someone close to you is our priority. Secure the protection for your loved ones that they, and you deserve.
Working hard to grow a business can be a massive undertaking but securing what you’ve built does not have to be! Find out how amazing our business insurance can be, and how we can bring you the peace of mind a business owner needs.
You love your toys: Boats, RVs, ATVs Jewelry, etc. Make sure that you have the protection you need to keep the good times rolling.
Bundle & Save
Getting the best coverage you can for the best price is more important than ever. Bundling your policies can save you up to 30-40% in premiums on your policies. Let’s see how the savings stack up for you and your assets.
Rates, Rules, And Definition
State Limits Of Liability
The state minimums of liability in Colorado are 25,000/50,000/15,000. This means in the event of an accident your insurance would pay out at most $25,000 in Liability damages (lost wages, medical bills, etc.) per person with a maximum of $50,000 per occurrence. The $15,000 is the amount in property damage the insurer will pay out (vehicles, property, etc.)
Policy Period
The time frame for which a policy is effective
Perils
Named: A named perils insurance policy only provides coverage on losses incurred to your property from events or risks named on the plan
Open: refers to property insurance that insures against loss to covered property from all causes except those that are specifically excluded
Subrogation
Subrogation is a way to protect you and your insurance company from paying for incidents/accidents in that you are not at fault.
It basically lets your insurer recoup costs (medical bills, property damage, etc.), including deductibles, from the at-fault driver’s insurance company, if the accident wasn’t your fault. A successful subrogation means a refund for you and your insurer.
If the other insurance company is dragging its feet, you can submit a claim with your insurance company for payout (even though it wasn’t your fault). Your company will pay out, so you do not have to wait, and then get the money back from the other company through subrogation!
Indemnification
The strict definition is compensation to the insured party for damages or losses up to a certain limit for covered perils.
This guarantees that the insurance company returns you financially, and regarding your property to the state you were in before the loss, but not better.
Discounts
We all know what discounts are, but what companies give the best discounts? That depends on the company, ALWAYS ask what the bundle discount percentages are for your insurance needs.
In addition, ask if they have discounts for:
- Profession
- Military
- Age
- Safe Driver
- Good Students
- Preferred Payments Plans
Rates
Insurance Score
A score is computed and used to determine rates for insureds. It represents the probability of an individual filing an insurance claim. It is based on credit rating
Zipcode
Crime and claims in your zip code are a huge part of the rate. We have seen policies jump by hundreds of dollars every 6 months based on the insured moving to a new zip code.
Lots of hail claims or fire claims in the zip code? Prepare for insurance rates to jump!
Loss History/Claims
Claims and accidents stay on your record for 5 years. If you have recent claims on your record or accidents your rates will go up! This also goes for these things happening to others in your household or on your policy.
Tickets
Tickets for any moving violation will stay on your record for 3-5 years and will change rates based on the severity of the ticket. The worse the violation, the higher the jump in rates!
Our Customers
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“Jake was very helpful and patient with all of our questions. He took the time to listen and to research our questions, ensuring we received information on available options” -Lori N.
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“Jacob was very informative and efficient, he answered all my questions and made it very easy to decide on Farmers for my insurance needs” -David R.
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“Jake was very responsive and professional. He was able to answer questions and suggest items that we were not aware of in a very timely matter. He explained everything in a way that we could understand since we had multiple policies to go over, I would highly recommend Jake as a representative for others.” -Renee A.