Does homeowners insurance in Centennial, CO cover my shed and outbuildings?

You trust your homeowners’ policy to protect you in case anything ever happens, and the last thing you need in the event of a disaster is a surprise where you find out certain important properties aren’t protected. If you are in Centennial, CO, we at Compass Insurance can help you understand your current policy and see if you need to make any changes.

What Is Normally Covered?

Your homeowners’ policy is a contract, and most people pay the most attention to the coverage amount and the deductible. However, it is important to also pay attention to any limitations or exclusions. For instance, some policies don’t cover damages because of flooding, or injuries caused by inherently risky items like trampolines.

The physical structure of your home is covered, including the building itself and most of its contents. Your clothing, appliances, electronics, decorations, flooring, and everything else in your home should all be protected under your policy.

Making Sure Your Outbuildings Are Protected

When you purchased your policy, an agent probably obtained photographs of your home, and that would have included a picture of any structures on your property, like a shed or detached garage. These are considered part of your property, and they will normally be protected. If you added an outdoor structure after purchasing your homeowners’ policy, it wouldn’t hurt to inform your agent. There may also be limitations as to how much is covered for outdoor structures, so you should check your contract if you have any questions.

Just like with any other contract, you will be safest if you make sure any additional outbuildings are mentioned in your contract. If you live in Centennial, CO and are thinking about adding to your homeowners’ insurance, or if you just have any questions, call Compass Insurance today.

Combining Your Auto Insurance When You Marry

Combining Your Auto Insurance When You Marry

You combine a lot of things when you get married. You might not have known it, but you and your spouse can combine your auto insurance when you get married to save money.

Why Insurance Companies Give a Discount

Something happens to people when they get married. They become safer people. Married people get into fewer accidents than single individuals. Insurance companies value safe drivers, so they give them lower rates. You can save money by combining car insurance policies with your spouse. In some cases, you can also combine policies if you are a domestic partnership.

How You Qualify for the Discount

Rather than simply getting married, you both also need a few simple qualities to qualify for the better rates. Come talk to an agent at Compass Insurance of Centennial, CO to find out how much you both could save. You both need to have a clean driving record and no recent gaps in coverage. When you insure multiple vehicles on one policy, you can qualify for a multi-car discount. If you have separate insurers, you can move the one at another insurer to Compass, then combine them.

When You Shouldn’t Combine

Sometimes, you need to keep your policies separate. If one spouse has a poor driving record or a DUI, combining won’t get you a lower rate. In fact, it would likely raise the cost of the low-risk driver’s policy. Also, avoid combining if one spouse has had to file a lot of auto insurance claims. That could increase your premiums. Finally, if one spouse drives an expensive vehicle like a Jaguar, Camaro or Corvette.

Call or come by Compass Insurance of Centennial, CO to learn more about combining auto insurance. We can help you determine which insurance option is right for you.

A Guide to Motorcycle Insurance

Motorcycle insurance in Centennial, CO is required. In order to be in compliance with the law, you must carry $50,000 of bodily injury liability insurance per accident and $15,000 for property damage liability per accident.

Why You Need Motorcycle Insurance

Besides being required, motorcycle insurance can help protect you if you get into an accident There are different kinds of motorcycle insurance, besides just liability, that can also protect your bike. Collision coverage will help with the cost to repair your bike if you get into an accident. Comprehensive coverage will help with the cost to repair or replace your bike if it is damaged in an event that is not an accident, or if it’s stolen. Uninsured and underinsured motorist coverage will help if you are in an accident that isn’t your fault but the driver doesn’t have insurance or not enough insurance. Optional equipment coverage can help if you are adding personal touches to your bike to enhance the riding experience. Medical payments coverage can help if you don’t have adequate health insurance or a plan that will cover your needs. This type of coverage will kick in for injuries regardless of who is at fault for the accident. An agent at Compass Insurance can help you determine which motorcycle insurance is best for your needs.

Factors That Impact the Cost of Motorcycle Coverage

The model and make of your bike can affect coverage. In order to lower premiums, have a good credit score along with good accident records. One of the most significant factors when determining cost is your age. Statistics show younger riders are more likely to get into an accident, so premiums can be higher. The security measures you take to protect your motorcycle will also play a role. Where you store your motorcycle and if there are anti-theft measures can lower or raise premiums.

Contact Compass Insurance, serving Centennial, CO, to get a quote on motorcycle insurance. 

What is Toy Insurance?

Adults have toys too, though they may vary greatly from children’s toys when it comes to function and size. Machinery and vehicles like motorcycles, snowmobiles, boats, classic cars, ATVs, RVs, etc. may be classified as "toys" instead of regular vehicles, though that doesn’t mean they should not be protected in the traditional sense. 

We’re talking, of course, about toy insurance. If you live in the Centennial, CO area. Compass Insurance is here to help you and your toys get the coverage you need. After all, you’ll want to be able to play with them for a long time!

But what exactly defines "toy insurance"?

The Basics

Vehicles and craft machinery may qualify for toy insurance if they are used for strictly recreational use. This is especially true when they are not used for regular driving purposes and are subject to frequent off-road speeding and stunts. 

Toy insurance is like other forms of vehicle insurance in that it keeps both you and your "toy" covered in the event of an incident. 

Types of Coverage

Now, the exact kind of policy you need will depend on the toy vehicle itself and what kind of risks there are. For example, insurance coverage between an ATV and a speedboat are naturally going to have a lot of difference in the details. That said, the general areas of coverage are going to be the following:

Liability– Applies to bodily injury and property damage.

Comprehensive: Covers non-collision forms of damage, such as that from theft and vandalism or fire.

Collision: Covers damage caused by a collision or "accident".

Underinsured / Uninsured: Provides coverage in the event that the other party involved does not have adequate coverage. 

Taking the Next Step

Whether you’re ready to start exploring your toy insurance options or simply want to learn more, contact the experts at Compass Insurance today! Serving clients in the Centennial, CO area and beyond, we’re here to help!

What Voids a Boat Insurance Policy?

Boat insurance is something that is fully necessary if you have a watercraft that you routinely take on the water. This type of policy protects you from a range of issues like wrecks, hitting things that are up out of the water, and damages that are caused by fire and weather. There are a few different things that can be done to make a boat policy ineffective and to guarantee that you are not going to be able to cash in on your boat policy. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you to find the right boat insurance policy for your boat.

There are a few different instances in which your insurance company is not going to pay out on a claim. The first is if the claim is obviously something that you caused or did intentionally. This could be setting your boat on fire, wrecking on purpose, or intentionally causing damage to your boat in the hopes of being able to collect insurance. There are also cases that your policy can lapse or become void. This might be is you stop paying, you miss too many payments, or your insurance company finds out that you provided false information that might cause them to void or cancel the policy.

If you have a boat you need to have some sort of boaters insurance to protect both you and your boat. The right boat policy is going to protect your boat and is going to protect your passengers and yourself as well. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you understand the ins and outs of your personal boat insurance policy to make sure you are covered.  

Does Commercial Insurance Cover Weather and Flood?

Commercial insurance offers a huge range of coverage for nearly anything you could imagine. That being said, there are some things that it does not cover. Your commercial policy is going to cover a large number of different occurrences from things like an injury to employees to theft of merchandise. If you live in the Centennial, CO area, the agents with Compass Insurance are ready and waiting to help.

Between weather damage and flood, commercial insurance only covers one of the two techniques. Commercial insurance covers weather damage to your building but in some cases might cover flood that is associated with that damage. It does not, however, cover flood that is associated with general flooding. A good way to look at this is to consider a scenario. Say your business was damaged by a storm that tore a hole in the roof, your store then flooded because of the hole and you had to do extensive water clean- up, this would be covered on your commercial policy. Similarly, your commercial policy would also cover flooding associated with something like a burst pipe in your business. It does not cover flooding that is associated with general flooding.

Your commercial policy covers a great deal and it is always best to speak with an agent about what your policy covers and what you can expect if you have to file a claim on your insurance. Your agent can discuss with you what your policy covers and what it does not cover so that you can get a better idea about what your policy is for. If you live in the Centennial, CO area, the agents with Compass Insurance can help to get you the policy you need and can help you determine what policy you need.

Why You Might Want to Update Your Home Insurance

Do you have enough home insurance? Many owners are unlucky and, when disaster strikes, their coverage is insufficient.

The best thing to do to prevent finding yourself in this position is to speak with a knowledgeable agent at Compass Insurance, serving the Centennial, CO region. Ask what they believe is the best additional coverage for your unique situation. Then, you will be able to rest assured that when something goes wrong, you are well protected.

Following are some top reasons why you might need to update your current home insurance.

Major Renovations

Have you remodeled a room or your entire house? If so, the value may have gone up. Speaking with an insurance agent about increasing your home insurance would be wise.

You may also want to think about reviewing your policy even before embarking on a major remodeling project. Ensure that you are covered for any possible damage that may arise during the renovation.

New Pet

A new dog, cat or other pet may necessitate a revision of your home insurance. Animals can destroy property, either yours or that of a neighbor.

Furthermore, an aggressive pet can lead to costly legal problems if they attack or scare someone at your home. Your insurance may be able to help you deal with this situation if you have planned ahead. Be sure to talk to your agent about your specific needs.

Recently Retired

Have you left the workforce? This change of circumstance may require you to update your insurance policy. Now that you no longer have to leave the house each day, you will be around much longer. Consequently, the odds of a home-based accident increase.

Get Professional Advice

Do not waste time. Contact the experienced staff at Compass Insurance, serving the Centennial, CO region. They can provide you with a quote on an updated policy that will hopefully make your day.

 

What does full coverage insurance actually cover?

There are rules about how much insurance you need to drive in Centennial, CO. Your minimum coverage for an auto insurance policy from Compass Insurance will have at least

  • $25,000 per person for bodily injury
  • $50,000 per accident for bodily injury
  • $15,000 per accident for property damage.

You will also need a certain amount of uninsured/underinsured motorist coverage unless you waive that in writing.

Minimal Coverage Doesn’t Protect You Very Much

You can easily see that those limits are not very high and that even one bad accident with someone injured could end up costing much more money than that. When your insurance has paid out those amounts, you will be responsible for making up any difference. Your driving privileges could be suspended if you fail to pay, and it could have an adverse effect on your credit.

A full coverage policy could give you a higher policy limit, in the areas you feel the most vulnerable. You could be protected for a much higher amount.

Other Benefits of Full Coverage

Collision Insurance is not required by law but will protect you for damages done to your own vehicle after a collision with another vehicle.

Comprehensive Insurance protects you against yet more kinds of danger, such as fire, severe weather or theft.

The main difference between minimal coverage and full coverage is that minimal coverage only helps you out with liability, or what you owe if you are at fault in an accident. Collision and comprehensive coverage will help you to repair or replace your own vehicle.

If your vehicle is paid off and isn’t very valuable, it may not be worth it to get full coverage. If you want to see if full coverage could help you, please feel free to call Centennial, CO Compass Insurance today for a free evaluation and quote.

Is there insurance that can protect me if my off road vehicle causes an accident?

You get a lot of chances for adventure in and around Centennial, CO, and you don’t want to slow down because you aren’t protected. At Compass Insurance, we assist our customers with many kinds of insurance needs, including insuring off-road vehicles like ATVs, dune buggies and even golf carts.

A good recreational vehicle may be expensive, and it could potentially cause a large amount of damage like any vehicle can. But off-road vehicles are fun to ride, they can get into places a regular vehicle can’t, and they save a lot of money on gas.

Following the rules

Driving an off-road vehicle can seem rebellious, but there are some rules you can follow that will make the experience safer, so you can keep doing it for a long time.

For instance, you shouldn’t take a passenger on an ATV, or drive the ATV on a regular paved road with regular vehicles. Wearing protective gear is also important.

Do you need ATV insurance?

You aren’t legally required to get ATV insurance in Colorado, but you have to ask yourself what you could lose if you don’t have insurance when you need it. Your injuries and/or damages probably won’t be covered under your auto or homeowners policy, and the expenses could add up.

It’s easy to damage your ATV by running over a stone or into a tree, and ATVs are vulnerable to theft and vandalism. You won’t know for sure until you look at your policy and talk to your agent, but if you want to ride an off-road vehicle in Centennial, CO, it is better to be safe than sorry. If you have any questions or would like to talk about a policy suited to what you need, call Compass Insurance today.

Why You Should Include Collision and Comprehensive to Your Motorcycle Insurance Plan

Purchasing a motorcycle can be thrilling for owners, with gas mileage so good that the open road can last right on for miles. While you are out taking on the open road, make sure that you have quality insurance on your motorcycle. While liability is only required in the state of Colorado for owned bikes, expanding past the minimum can protect yourself and any passengers you may be carrying. If you live in or around the Centennial, CO area, upgrade your motorcycle policy today to include collision and comprehensive with a policy from Compass Insurance. 

What does collision cover? 

In the event that you are in an accident with another bike or vehicle, damage to your bike will be covered. If your bike is a total loss from damages, you will be covered for the value of the bike so that it can be replaced. Even if you are in an accident with an uninsured driver, your own policy will ensure that you are provided the proper value and the ability to replace your motorcycle. For accidents that do not have collision coverage, you are not able to gain compensation on your motorcycle damages.

Why is comprehensive important?

Unfortunately, damage can be caused to your bike that is not accident related. If something falls onto your bike causing damage or it is stolen, you will be cover for the damages costs or a bike replacement like collision insurance. For those who lose their bike to theft without comprehensive insurance, there is no value replacement on the bike, leaving the owner completely responsible for the loss of the bike. 

Get Covered Today

Protect your motorcycle investment today with collision and comprehensive coverage. Compass Insurance proudly serves the Centennial, CO area and has a policy ready for you today.