Who needs to have toy insurance in Colorado?

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. 

Choosing the Right Motorcycle Insurance: What Are the Coverage Options?

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.