Month: April 2019

What Voids a Boat Insurance Policy?

Posted on by AgentInsure

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?

Posted on by AgentInsure

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.