Does Home Insurance Cover Boats?

Boat owners in Centennial, CO can find many great boating destinations without leaving the state. They frequently enjoy visiting Colorado’s reservoirs, rivers, and alpine lakes. However, serious boat accidents occur from time to time. It’s important to carry sufficient insurance. Many boaters wonder if they should buy separate coverage or rely on their homeowners’ policies.

Does a Basic Home Insurance Policy Cover My Boat?

Some home insurers cover boats and their contents, however, several major limitations apply and it may be best to obtain a separate policy for your boat. A home insurance policy normally won’t cover motorboats with engines that generate more than 24 hp. Sailboats mustn’t measure over 25 feet. Furthermore, the coverage is restricted in multiple ways. An insurer might only compensate you for a stolen vessel if someone steals it from your property. Some insurers don’t provide any liability protection.


It’s possible to gain greater coverage by adding a boat endorsement to a homeowners’ policy. Some people call this a "rider" or a "scheduled" possession. Endorsements cover larger boats, bigger engines, and more boating accessories. They often come with liability insurance as well. This is crucial if you cause an accident that harms fellow boaters or their property.


Obtain a Separate Policy through Compass Insurance 

Another option is to acquire a completely separate boat policy. This kind of insurance generally offers the most comprehensive coverage. Many insurers cover liability, theft and accidental damage. The policy may insure a trailer in addition to the vessel itself. Theft is frequently covered regardless of a boat’s location when it was stolen.

Compass Insurance provides Centennial, CO residents with many different types of coverage, including boat and home policies. Many agencies only work with a single insurer. On the other hand, we make it possible for customers to look at insurance services from more than 15 respected providers. This saves time and greatly increases the likelihood that you’ll find suitable coverage. To learn more, please call Compass Insurance at 303-996-9000.






How to Handle a Slip and Fall Case as a Small Business Owner

If you own a business in or around Centennial, CO, business insurance is an absolute necessity. One of the biggest reasons for this is slip and fall cases.

The Danger of Slip and Fall Accidents for Small Business Owners in Centennial, CO

Thousands of slip and fall accidents cost small businesses in the United States millions of dollars each year. In fact, the number one cause of accidental injury is are slip and fall incidents.

And unfortunately, as a small business owner, you are liable and legally responsible if an accident happens on your property. It might be that a spilled liquid that happened just seconds before caused a senior to slip, or perhaps someone fell on ice outside your establishment.

What to Do to Protect Yourself

Commercial insurance from a reputable provider can save the day when it comes to liability in a slip and fall case. But there are concrete steps that you need to take in the event of a slip and fall accident on your property as well.

First, if someone falls on your property, offer them immediate help. Don’t hesitate to call for an ambulance if necessary. Next, make sure to file an incident report right away, and get testimonials from witnesses, including names and phone numbers. Photograph the scene. Take as many pictures as possible.

You’ll then need to contact your insurance company and provide them with any and all information. You’ll want to be the first to call your insurance provider. We, in turn, will follow up with the injured individual. Together, we will preserve the evidence that you have if a court case ensues.

Contact Compass Insurance Today

Contact Compass Insurance serves Centennial, CO and can take care of all of your commercial insurance needs. Get commercial insurance today so that you can be protected against slip and fall accidents. To get in touch with an agent, give us a call today at 303-996-9000, or simply fill out our easy contact form. We’ll get back to you as soon as possible!