Home Insurance Considerations When You Are Renovating Your Home

Congratulations Are In Order!

Compass Insurance heartily congratulates you on your accomplishment. Serving Centennial CO and the surrounding areas, we understand the level of effort that goes into securing funds for home improvement currently. Whether you are renovating the home with funds you have saved over time or you have secured a home loan for the purpose of renovation, it is no easy feat.  

The value of your home will increase with a good renovation so the amount of your home insurance coverage protection should increase as well. Here is a short list of some major renovations that will increase the value of your home.

  • Adding a Brand New Kitchen – updating your kitchen with new appliances, flooring, windows or any other renovation will dramatically increase the value of your home. 
  • Adding an Extension or Converting Existing Non-Usable Space Into Living Space – If you are increasing the square footage of your home you are definitely adding real estate and real value to your home. This includes finishing basements with bedrooms and bathrooms and new living spaces. Some homeowners add rooms onto higher levels of their homes. 
  • Adding a deck or other types of outdoor living spaces. Using professionals and higher quality products when it comes to your home improvement projects will ensure you are getting the most value in your renovations. 

To maximize the new added value to your home most effectively contact your agent at Compass Insurance to discuss what projects you have in mind. Many homeowners that reside nearby in Centennial CO do not use the resource that they have in an agency just to pick up the phone or to stop in and discuss home insurance details and options. That is the advantage in having a professional in your corner.     

How home insurance can make the difference for Centennial, CO homeowners

If there is one thing that an experienced homeowner can tell you, it’s this: do not, NOT, go without a quality and comprehensive home insurance plan. For most people, that would be a super common sense thing to say, right? Of course you should have home insurance, why wouldn’t you? Well, for as good as it may sound on paper, in practice, it is all too easy for homeowners – Centennial, CO homeowners or otherwise – to skimp on it, thinking that such a decision could prove to be a great cost-cutting initiative. Well, unfortunately for them, it often does not work out that way.

It is understandable why people think to skimp on coverage – earnings are stagnating and costs are rising, leading people to try whatever they can to be able to make the bare minimum just to stay afloat. And while it is unfortunate that these people have to go through such struggles, it is just as unfortunate what will inevitably happen to someone who does not insure their home. For as hard up as they may feel now, they are only going to feel worse when they have to pay out of pocket for something that, with home insurance, they could have instead been properly covered.

A lot of homeowners who are uninsured have that mindset – "I don’t need this, what are the odds that I would?" – and for as true as that may seem, everyone says that – including the people who ultimately do need it. Centennial, CO residents shouldn’t take that gamble. When you’re ready to get insured, contact Compass Insurance online, and we will work with you to get you the best insurance plan that matches both your budget and  your needs.

Five Ways to Prepare For Winter Driving in Centennial Colorado

Mother Nature throws all sorts of challenges at Colorado drivers in winter. While there isn’t much anyone can do about the weather, there are a number of things drivers in Centennial, CO can do to prepare.

First, install beam blade windshield wipers. Beam blades don’t have the metal framework on the outside like traditional wipers. The support is inside the blade itself. This design allows it to flex and make better contact with the windshield. It also keeps most of the moving parts protected. They don’t get clogged with snow and ice which hinders their performance.

Second, switch to snow tires. All season radials are great, but Centennial, CO winters come with lots of snow. It will cost more up front, but the snow tires will last many years as they’re only on the vehicle part time. They’ll also extend the life of your all-season tires which will now be off the car for several months a year.

Third, test your battery. Cold temperatures slow the chemical reaction inside the battery. A good battery can usually function under extreme conditions, but frigid temps will render a sub-par battery useless.

Next, fill up with winter windshield washer fluid. Deicer fluid has additives which keeps it from freezing on even the coldest days. Spritz the windows a few times and work it into the hoses. This way, they’ll be protected and won’t deny you a squirt when you need it most.

Lastly, review your auto insurance policy. Call your agent at Compass Insurance. Make sure you have the right coverage if disaster strikes.

So keep warm, drive safe, remember these five tips, and call Compass Insurance at the start of every winter season.

3 Signs Your Car Needs New Brake Pads

One of the most important aspects of your vehicle is the brakes. There are few things that can be as disastrous as failing brakes. It is critical that your brakes function as they should, because not only does your life depend on it, but the lives of others on the road around you in Centennial, CO depend on it as well. Compass Insurance recommends you be aware of the following 3 signs that will alert you when it’s time to replace the brake pads.

Pulling to One Side

One of the first signs that your brake pads are wearing thin and need to be replaced is if your vehicle starts pulling to the right or left while you are driving. Although there are other reasons that may cause the car to veer or pull, but worn down brake pads is one of the most common reasons. To determine if it is due to the brake pads, apply the brakes without turning the steering wheel and if the vehicle pulls to the right or left, it means the brake pads may be wearing unevenly and should be replaced.

Spongy Brake Pedal

The brake pedal can be temperamental, especially when the brake pads are wearing out. There are two things to be aware of when it comes to the brake pedal; either a sticky brake pedal that fully grabs the brakes or if it feels spongy and must be pushed to the floor before grabbing the brakes. Neither one of these is good; in fact it can be dangerous, especially if you have to push the brake pedal to the floor just to slow down. Either scenario means you should have the brakes inspected by a reliable mechanic.

A Loud Grinding Noise

If you hear a loud grinding sound when you apply the brakes, it typically means your brake pads need to be replaced. The grinding sound is caused when the metal caliper and the metal disc rub together, which means there is nothing between them, so the pads are completely worn down. The longer you drive your vehicle with the caliper and disc grinding together, the more damage you are causing to the entire braking system. In most situations, if there is grinding, you will also need to replace the rotors.

The safest and least expensive solution is to have your vehicle routinely maintained and inspected to ensure the brake system is in top condition.

Residents of Centennial, CO interested in learning more about driving safety, reviewing or upgrading their current automobile insurance policy should contact Compass Insurance.

 

What type of homeowners insurance is best for mountain regions?

Homeowners in Centennial, CO know that the rocky terrain, risk of wildfires, and the quickly changing, sometimes extreme weather conditions that bring snow, hail and floods can create unique challenges for maintaining their homes. Do you know if your insurance covers the repairs for part of your roof collapsing because of the weight of snow? Or if you have coverage for flood or wildfire damage? These are important questions to consider when you choose your homeowners insurance. 

According to a recent topic paper from the nonprofit Insurance Information Institute, these types of disasters are not usually covered in a basic homeowners policy:

  • damage from the weight of ice, snow or sleet – snow on a roof can build up quickly in the Front Range and cause roofs to collapse and other structural damage
  • damage from pipes freezing – and also other things that may freeze and be damaged by it, like appliances and heating and cooling systems
  • floods – if you live in a flood area, you’ll need a separate policy to cover flood damage
  • rock slides and avalanches
  • inability of sump pumps to handle runoff water from snow melt or flood waters
  • damage from letting problems go and not maintaining your home – it’s easy to let little problems go because of a tight budget, but your insurance company won’t cover any damage that could have been prevented

To fully understand the insurance coverage that you have, and to discuss possible insurance coverage extras that you may need, speak with an independent insurance agent at Compass Insurance who can go through your policy with you. They can create a policy to fit your unique needs, and make sure that you have the protection that you need for your home.

What Type of Car Insurance is Best for Mountain Regions?

The people of Centennial, CO know that the mountains of Colorado can provide treacherous terrain for drivers. The roads have tight curves, steep drops, and challenging weather that require a driver to remain on their toes at all times. When something goes wrong on the mountains, what type of auto insurance is necessary to cover the vehicle? When it comes to understanding these details, Compass Insurance has the answers.

There are numerous threats when driving on mountain roads in addition to other drivers. These include falling rocks, ice, or trees from the edge of the mountain. Mountain passes are filled with rest areas that are prone to theft. Glass from other cars or objects can damage a car. Finally, some mountain animals are large and can substantially damage a vehicle. These are all damages that aren’t covered by collision insurance and certainly aren’t covered by liability insurance. Therefore, drivers in mountainous areas need an additional level of coverage that will pay to repair or replace a car damaged by these hazards. They need comprehensive coverage.

In short, comprehensive insurance coverage protects a car from damage that occurs outside of a collision. This includes falling objects, natural disasters, theft, and fires. Many people refer to comprehensive coverage as "act of God" insurance. For people that live in the mountains, this is the coverage that is required. Avalanches, blizzards, large animals, and treacherous conditions mean that cars are prone to sustaining damages outside of a typical car accident. These damages aren’t covered by liability or collision coverage. Without comprehensive coverage, the car isn’t protected against these potential hazards. Therefore, drivers in mountain regions need comprehensive insurance coverage. 

The mountains provide challenging terrain for drivers. Large animals, snowy conditions, and falling objects merit comprehensive insurance coverage. Make sure the vehicle is covered for all circumstances on the mountain roads of Centennial, CO. Contact Compass Insurance for a quote today.

What Does A Basic Homeowner’s Insurance Policy Cover In Colorado?

If you are like most homeowners, your house is your most expensive asset. It is also where you live and you keep all of your personal belongings. Because of this, you should make sure that your home is protected if some type of tragedy were to occur. The best protection you can have is a homeowners insurance policy. There are several ways insurance can protect you and your home.

Structural Damage

Homeowners insurance will cover any structural damage caused by fire, a hurricane, hail, lightening, vandalism, and other disasters. There are some things that are not covered under a standard policy. These include flood, earthquake, and routine wear and tear. Some policies also cover detached structures, such as a garage, sheds, and other structures on your property. Without a homeowners insurance policy, you would need to pay to repair or rebuild your home out of your own pocket. If you are like most homeowners, you don’t have that kind of money lying around.

Personal Belongings

If your personal belongings were stolen or were damaged during a covered disaster, your homeowners policy would cover the belongings that were in the home. This includes furniture, electronics, appliances, and clothing. Expensive items such as jewelry should have its own insurance policy.

Liability Insurance

If someone is injured on your property, your liability would cover the bodily injury, protecting you from an expensive lawsuit. Most policies will also cover things that happen off the property. For example, if your child throws a ball through the neighbor’s window, your liability insurance will cover it. Lawsuits can be expensive and this type of coverage provides a great deal of protection.

Additional Living Expense

If your home is damaged or destroyed during a covered disaster and you cannot live there during the repairs, most homeowners insurance policies will pay for your living expenses while the home is under construction.

For more information on homeowners insurance in Centennial, CO, you should contact a licensed insurance provider. They can help you purchase the policy to meet your individual needs.

What you can do to prevent house fires

The National Fire Protection Association notes that in 2015 365,500 house fires in the United States occurred, resulting in 2,650 deaths and 11,075 injuries. The good news is that the numbers of such fires are roughly half of those in the late 1970s. However, every homeowner should be able to take some simple steps to help prevent house fires or, if they happen, to mitigate their effects.

US News reports that the number one cause of house fires is the stove. An unattended pot or pan cooking food can start a fire that can quickly get out of control. The simple solution is to pay attention to what you are cooking at all times.

Space heaters can also be a source of house fires. You need to make sure that enough distance has been created between space heaters and anything that they might ignite.

Frayed electrical cords can also cause a spark that can start a fire. Check up on electrical cords periodically and either replace them or repair them with electrical tape.

Smoking is not good for you from a health perspective. Smoking in bed can be deadly if you nod off, and the cigarette ignites your blanket.

Candles, while always a romantic enhancement to any room, are a fire hazard because of the open flame. Consider using a battery-powered alternative and, in any case, do not leave them unattended.

The Red Cross recommends that your family devise and rehearse an escape plan to get out inside two minutes in the event of a fire.  You should have smoke detectors, one on each floor, and ideally, one in each room, and a fire extinguisher in or near the kitchen.

Contact Compass Insurance serving Centennial, CO for your home insurance needs.

Centennial, CO offers many great auto insurance options

When you want to get a new auto insurance policy in Centennial, CO, you’ll quickly see that there are a lot of options. That’s good news for anyone who wants choices, but sometimes having too many policies to choose from can feel overwhelming. If you have an independent agent from Compass Insurance on your side, you may find that you get a better policy from an insurer you feel good about. That’s because independent agents can show you a selection of policies from a number of different companies. You can choose based on price, company reputation, policy options, or a combination of factors.

One of the important things to consider about driving a car in Centennial, CO is that the winters are sometimes stressful there. The snow and ice can mean slippery roads and difficult conditions, which can put you at risk if you’re driving. Whether you slide into a ditch or someone else hits you because of the poor road conditions, you want to make sure your car is financially covered. With the right policy for your needs, you’ll have all the coverage you would expect and you won’t be left feeling like you’re paying too much for that level of protection.

When you work with an independent agent from Compass Insurance, you can get quotes quickly and efficiently, so you can see what’s going to fit your budget. Your agent can also give you suggestions about the level of insurance you may want, what state minimums are, and whether one company’s rates are going to be preferable to you based on the coverage they offer. Then you can make an informed decision about your policy, and have some peace of mind knowing that you will be financially protected if you do happen to have a car accident.

Boat versus Yacht Insurance Coverage – What’s the Difference?

When deciding what type of insurance to purchase for your boat, it’s important to do the research of what type of coverage is required by your state for your boat or yacht.

To get started, the defining factor is generally that boats are defined as 26’ or smaller and yachts are 27’ and larger.  The size determines the amount of water coverage that they can go into.  Boats are usually limited to inland waters and yachts can go into large bodies of water which includes longer mileage.

Insurance coverage for both generally include physical damage, liability and personal property.

Boat insurance includes coverage above and because a boat is smaller than a yacht, the policy is based on the local water areas the boat will be used.  When purchasing boat insurance, an agreed upon value of the boat is what the policy will be based upon.

Yacht coverage also includes everything that a boat will but coverage for natural disasters such as hurricanes and tropical storms is added.  Also, yacht insurance includes to coverage as well as wreck removal because of their large size.

With a boat or a yacht, it’s important to purchase the insurance as a separate policy from an existing homeowner’s policy so that specific and maximum coverage will cover that of the boat or yacht.  Most homeowner’s policies do not include enough coverage to adequately cover dame or liability.

Compass Insurance, serving Centennial, is knowledgeable about all areas of boat and yacht insurance and can provide you with information about how much coverage you need to ensure that your water vessel is adequately covered.  Visit our website or call us at 303-996-9000 today to talk to one of our agents and find out additional information or ask questions.