FAQ 2017-11-09T18:07:22+00:00

Preparing For Life

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What makes Moreland Risk Management, Inc. different from all the other insurance agencies?

In addition to the claims experience used to assist you when you need it the most, we represent only ‘A’ rated companies. Being an independent insurance agency means we can shop several different companies for you so you never pay more than you should for the protection you need.

Why do you need so much personal information to provide a quote?

Ten years ago many insurance companies were able to provide quotes based off the type of vehicle you drive, your age, and driving history. Today, insurance companies have many different factors that impact your rates. Two different zip codes in the same city may have differences in insurance premiums. At Moreland Risk Management, Inc. we strive to provide you with a quote that is accurate so there are no surprises when your first bill comes in the mail.

Why does my credit impact my insurance rates?

This is one of the most common questions we get. First, it should be clear that insurance companies do not use your credit report to determine your rates. Your credit report is used by lending institutions to determine how likely you are to repay a loan on time. Insurance companies use a credit based insurance score which does not factor in your job nor source/amount of income. Credit based insurance scores are just one of many factors that go into your rate. If you have a less than stellar credit score but a great driving history free of accidents and tickets you will still be eligible for lower insurance rates than someone with a high credit score but a poor driving history. As an independent insurance agency, we can find the insurance company that will provide you with affordable coverage regardless of which situation you are in. If privacy is your concern, rest assured that your personal information is always kept private at Moreland Risk Management, Inc., and we will never sell any of your details to any third party companies.

Does the color of my car impact my insurance premiums? 

This is a very popular question. While most insurance companies do not ask about the color of your car when buying insurance, it is speculated that certain colors are more prone to being pulled over. The color of your automobile won’t impact your rates, but if you drive, for example, a red sports car and get pulled over frequently any moving violation you receive will likely have an impact on your premiums.

How can I get the cheapest homeowners insurance in Colorado without giving up coverage? 

Many insurance companies offer discounts for having home security devices. Moreland Risk Management, Inc. can help make sure you are getting every discount you qualify for. Things like monitored home security, smoke detectors and fire extinguishers can get you additional discounts on your homeowners insurance. Contact Moreland Risk Management, Inc. today for a review of your policy to make sure you are getting the coverage you need at a price you can afford.

How much life insurance do I need?

There are many varying opinions on how much life insurance an individual needs. There is no set amount that works for everyone. There are many factors that impact how much life insurance you need. Things such as income, marital status, family size and employer sponsored coverage will all impact the amount of life insurance needed.

What liability limits should I have for my auto/homeowners/umbrella insurance?

For better or worse, we live in a time where litigation can arise out of a seemingly small accident. When your liability limit is exhausted plaintiffs may try to come after your personal assets. At Moreland Risk Management, Inc. we will never try to sell you insurance you don’t need, but everyone’s situation can be different. Give us a call today for a free insurance review and we can discuss the limits that will provide you with the protection you need.