Boat insurance is vital when mishaps occur on the water. However, chances are, you have never had to file a boat claim before. Here at Compass Insurance, providing boat insurance to residents in the greater Centennial, CO area, we want to help you understand what you should expect when filing a boat insurance claim for the first time.

Here are the steps to take after a boat accident.

1. Safety First: In any boating incident, prioritize safety and contact emergency services if needed.

2. Document the Incident: Collect information about the incident, take photos, gather witness statements and document injuries.

3. Notify Your Insurer: Contact your boat insurance provider promptly with incident details, adhering to reporting timeframes.

4. Work with an Adjuster: Your insurer will assign an adjuster to assess and estimate repair costs and provide them with documentation.

5. Review Your Policy: Understand what your boat insurance policy covers to manage expectations.

6. File a Police Report: For theft, vandalism, or accidents with others, file a police report and keep a copy.

7. Keep Records: Maintain detailed records of communications with your insurer.

8. Choose a Repair Shop: Select a reputable repair shop if your policy allows; get repair estimates.

9. Review the Settlement: After assessment, review the settlement offer. If agreeable, your insurer will process the claim.

10. Dispute Resolution: Engage in dispute resolution with your insurer if you disagree with the settlement.

Navigating boat insurance claims may seem complex, but being informed and prepared can ease the process. Safety is paramount, followed by prompt reporting. Boat insurance ensures peace of mind during your water adventures, providing protection when needed. If you’re looking for a new boat insurance policy in the greater Centennial, CO region, contact Compass Insurance to get started.

Investing in a recreational toy can be an excellent idea for those in the Centennial, CO area. When you own one of these assets, you can enjoy all that the local area offers for outdoor enthusiasts. There are various situations when a recreational toy owner will want to get insurance for this asset. 

Those Looking for Protection

A situation when you want a toy insurance plan will come when you are looking to protect yourself and your recreational toy. When you purchase one of these toys, you are going to be making a significant investment that you will want to secure with insurance. If you get a proper toy insurance plan, it will offer coverage to ensure you have support if it is damaged or stolen. The toy insurance plan will also offer liability coverage, providing financial protection if you are at fault in an accident that results in damage. 

When Required

There are also situations when having insurance is required. If you have taken out a loan when buying the recreational toy, the lender will require you to carry toy insurance until the loan is paid off in full. The insurance plan will also be required if you want to use the toy on public roadways or specific trails, which may require you to carry liability coverage. 

Those looking to purchase a recreational toy in the Centennial, CO area will want to know that they are correctly securing and insuring their asset. When you are looking for coverage here, calling our team with Compass Insurance would be a great option. Our Compass Insurance professionals know this coverage’s value and can help you select an ideal plan. 

What can be more adventurous than riding a motorcycle along the road? This is a great and exciting feeling. However, as a responsible motorcycle owner, you should understand the importance of carrying proper motorcycle insurance. If you are searching for motorcycle insurance right now, here are the coverage options you may want to consider. 

What Are the Motorcycle Coverage Options? 

Here is a list of coverage options that insurance agencies usually offer to motorcycle owners:

• Bodily injury liability coverage. It covers lost wages and medical expenses resulting from injuries or death of another person if you have caused an accident. It is crucial to note that it won’t cover your own medical bills. 
• Property damage liability coverage. It pays for damage to another person’s property due to an accident. For example, it may pay for repairs of vehicles, storefronts, or other structures. It will not cover repairs to your bike, though. 
• Medical payments coverage. The purpose of this coverage is to cover your medical expenses and passengers’ expenses in case of an accident and injuries.
• Personal injury protection. If you are injured in an accident, this coverage will pay for your medical bills, lost income, child care, funeral costs, and other expenses. 
• Collision coverage. It will cover damage to your vehicle resulting from a collision with another object. 
• Comprehensive coverage. This coverage was created to cover any damages to your motorcycle if you are involved in a road accident with another vehicle. 

There are other coverage types; an insurance agent will gladly provide information about them. 

Compass Insurance – a Trustworthy and Experienced Insurance Agency in Centennial, CO

Are you looking for motorcycle insurance? Not sure what coverage you should get? Contact Compass Insurance serving clients in Centennial, CO, and other nearby towns in Colorado. Our insurance agents will gladly help you find the ideal coverage and answer all your questions. Please visit our website or give us a call today. 

Preparing for a safe and smooth adventure on the water requires several essential considerations. If you are a boat lover/owner in and around the greater Centennial, CO area, the insurance professionals at Compass Insurance offer this basic boating checklist.

Check The Weather Forecast & Leave Written Notice of Your Float Plan

Know the weather conditions before heading out and avoid bad weather. Leave your float plan with someone for emergencies.

Inform Passengers About Safety Procedures & Ensure You Have Appropriate Safety Equipment

Before leaving, talk to all onboard about the use of life jackets, emergency protocols, and the location of the safety equipment. Onboard safety equipment that should be checked includes:

• A throwable flotation device.
• A whistle/horn.
• A pump or bailer.
• An anchor with sufficient line.
• A fire extinguisher.

Review Safety Regulations & Requirements

Familiarize yourself with boating laws, safety requirements, and boating etiquette. The boat must be properly registered and equipped with the necessary safety gear, such as life jackets, fire extinguishers, distress signals, and navigation lights – and you have kept up with recommended maintenance. Keep basic tools and spare parts on board for minor repairs.

Navigation Tools & Working Communication Devices

Have up-to-date navigation tools (i.e., GPS), compasses, or charts for proper navigation. Familiarize yourself with waterways and potential hazards. Carry a fully charged cell phone or marine radio for emergencies.

Personal Essentials & First Aid Kit

Don’t forget hats, sunglasses, sunscreen, appropriate clothing/rain gear, medications, and footwear. Carry a well-stocked first aid kit for minor injuries and emergencies.

Contact a Compass Insurance Today

For additional information on boating insurance, contact Compass Insurance online or at 303-996-9000.