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.

Fall Home Checklist: What To Do When It Starts Snowing Early

So it’s the middle of October, and you’re already seeing snowflakes starting to fall. Your best bet for dealing with early snow is to be prepared, to make sure that you have your rock salt and your shovel and your firewood on hand at the end of September. But, if you’re looking up what to do when it starts snowing early, we’re willing to bet that you do not have your supplies in place just yet. Don’t worry, we’re here to help you through it:

Wait Until Noon For Your Outdoor Work

Check the local weather report and find out when the snow is going to let up long enough to do some outdoor work: Installing your storm windows, throwing a tarp over anything that needs covered, closing your pool and so on. No matter how hard the snow may be falling tonight, at the beginning of the snowy season it’s rare to see it coming down all day long. You should be able to catch a break from the snow when the sun hits its peak, usually around Noon. There’s no reason to risk your neck trying to install storm windows in the middle of a flurry. You’ll be able to get them in when it gets sunny out tomorrow.

Get Ready For Mud And Slush

Get your boots out of the closet. When it starts snowing early, you’re going to see a whole lot of mud, with snow falling from the sky, but the ground not quite freezing up like it does in December. A pair of galoshes will go a long way right about now.

Use Some Table Salt On Your Walkway

If you don’t want to collect on your liability policy with Compass Insurance, salt your walkway. You don’t need rock salt if you don’t have any, you can throw some kosher salt on there as a temporary fix for now.

It’s no fun when the weather doesn’t do what it’s supposed to, but it’s not as unmanageable as you might think.