Is Motorcycle Insurance Mandatory In Colorado?

Colorado boasts beautiful scenery and diverse geography, making it perfect for a scintillating motorcycle ride. Statistics demonstrate that about 180,000 Coloradans owns motorcycles. If you are a motorcyclist in Colorado, it’s imperative to possess the right motorcycle insurance to protect you and your bike.  

Motorcycle insurance is mandatory in Colorado, and one is required to show proof of insurance before registering your motorcycle. At Compass Insurance, situated in Centennial, CO, we wouldn’t want Colorado riders to suffer fines, court fees, and imminent driver’s license suspension. As such, we offer proper motorcycle insurance to keep you on the right side of the law.

Mandatory motorcycle insurance in Colorado

Colorado State requires all riders to carry liability insurance to cover bodily injury and property damage caused to third parties. This coverage pays for medical costs, legal suits, and property damage for losses and damages sustained by other people in an accident you are deemed liable.

Optional motorcycle insurance

While the state doesn’t require riders to carry these motorcycle insurance coverages, they are vital for all-around protection. These include: 

  • Collision insurance coverage: It covers damages arising from a collision with another vehicle or object, including a post, fence, building, tree, or rock.
  • Comprehensive insurance coverage: This non-collision form of the policy pays for repairs or replacing your motorcycle if it gets damaged by vandalism, hailstorm, falling objects, or any other covered calamity.
  • Underinsured and uninsured motorist coverage: It pays for medical bills for injuries you sustain and property damage, including your motorbike; if you are involved in an accident with a motorist who is inadequately insured or is not insured at all.
  • Medical payments coverage: It pays for medical expenses like X-rays and ambulance rides for you or your passengers’ injuries after an accident.

Call for a quote today!

Are you a motorcycle owner in Colorado? Contact us or visit our Compass Insurance offices located in Centennial, CO. Our committed agents will be ready to assist you with all your motorcycle insurance needs.

Is having boat insurance necessary in Colorado?

Those that are in the Centennial, CO area will want to enjoy the summer months as much as possible. A great way to have fun in the summer here is to buy your own boat and enjoy a local lake. If you are going to buy a boat you also need proper insurance. There are a few reasons why this is necessary for boat owners here. 

Insurance is Needed for Use in Certain Areas

One of the reasons that you will need to get a boat insurance plan is that it is needed for use in certain areas. If you are going to use a private marina or certain local waterways, there could be rules in place that require you to maintain boat insurance. If you do not have this coverage in place, you could be restricted from use until you get coverage. 

Boat Lenders Require Coverage

Financing the purchase of a boat can make sense in a lot of situations. With a boat loan, you can spread the purchase out over monthly payments through the duration of the loan. However, along with the loan you will need to carry insurance. The lender will want you to have a full insurance plan in place until you have paid off the entire balance of the loan. 

There are plenty of situations when you need to have boat insurance when you are in the Centennial, CO area. If you are looking for a new boat insurance plan here, you should call Compass Insurance. Those that choose to get a boat insurance plan will find that there are a lot of options. The team with Compass Insurance can help you evaluate your needs and options so you can choose the best policy to meet your needs. 

What advantages come with commercial insurance in Colorado?

The Centennial, CO area continues to be well known for having a very strong local economy. Those that are going to live here could benefit from the economy by starting their own small business. If you would like to start a company in this area of the state, it is important that you get a commercial insurance plan. There continues to be a lot of advantages that come when you have commercial insurance coverage.

Liability Protection

A key advantage that comes when you get commercial insurance coverage is that you will get protection against the risk of liability. Any business will take on liability risk frequently. When someone is hurt through the use of your product or service, you could be held liable and would need to cover damages. With an insurance plan, your liability coverage will help manage this risk. 

Coverage for Business Assets

When you own a business there are bound to be assets that you will need to buy. Some common assets that you may need can include equipment, inventory, or even office furniture. Your business will continue to rely on these assets and losing them could be costly. Fortunately, with a commercial insurance plan, you will get the protection that is needed to repair or replace these items if they are stolen or damaged in any way. 

When you would like to get a commercial insurance plan and you are in the Centennial, CO area, you should reach out to the team at Compass Insurance. When looking for a new insurance plan, you may find that there are a lot of options, and picking the right one can seem confusing. Fortunately, the insurance professionals with Compass Insurance can make it easier for you by providing the guidance and support that you need. 

Renovating your home? Don’t forget to make sure your insurance is keeping pace!

Renovation projects can be very exciting for residents in the greater Centennial, CO area, and Compass Insurance is here to help you make sure that your hard work is protected! If you are considering a home renovation project, or have one already in the works, it’s important to ensure that your home insurance policy is keeping pace with the increased value of your home. 

Don’t let the value of your home exceed your coverage level

Many major home improvement projects, such as updating a kitchen or bathroom, can create a significant increase in your home’s value. While such projects can be massive undertakings that can disrupt your family’s day to day life, they are worth doing. If you have an exciting project lined up for your home, be sure to check that your current policy provides adequate coverage. 

We also recommend that our clients review their policy prior to beginning any work on their homes. This can ensure that the proper coverage is in place before the contractors get to work. Having liability and damage coverage in place at the onset of the project can help relieve stress and protect your family from any damages that can occur.

The family home is typically the largest investment that we make in our lifetimes, and it only makes sense to take the time and make sure that this asset is protected! Home improvements can make our daily lives better while also increasing the value of our homes. 

Contact Compass Insurance for all of your insurance needs

We are proud to serve the greater Centennial, CO area, and look forward to providing your family with all of its insurance needs! Call or stop by our office today to schedule your policy review appointment. 

Coverage Options for Auto Insurance

The state requires that all motorists have at least liability auto insurance in place. This type of policy will cover the medical bills for any injuries sustained by others if you cause an accident to occur and it will also cover any property damage as a result of the crash. The auto insurance agents at Compass Insurance in Centennial, CO understand the importance of avoiding fines, court costs, and possible driver’s license suspension by securing the right auto insurance policy for you.

Underinsured and Uninsured Motorist Coverage

Underinsured and uninsured motorist coverage is very important to have in place just in case you are involved in an accident with a motorist who does not have any insurance or not enough to cover all of the medical bills for injuries you suffered in an accident that is their fault, as well as not enough to cover property damage which includes your vehicle.

Comprehensive Insurance Coverage

Comprehensive insurance will pay for repairs or to replace a vehicle if it is damaged or destroyed by vandalism, a fire, or a natural disaster. It will also cover your vehicle if it is stolen.

Collision Insurance Coverage

Collision insurance covers damages that occur as the result of a collision with another vehicle or an object. For example, if you hit a building and cause damage to it, this part of your policy will cover any damage you caused to the building.

Many lenders and banks that you may have used to purchase your vehicle may require you to have these types of insurance policies in place along with liability insurance.

Call For a Quote Today

The agents at Compass Insurance in Centennial, CO are ready to assist you with all of your auto insurance needs. Call for a quote or to make an appointment today!

Do I need to get toy insurance?

The Centennial, CO area is a great place to live if you enjoy the outdoors. When you are in this area of Colorado, you will have access to many great places where you can enjoy a recreational toy. If you want to enjoy the fun and excitement that comes with a recreational toy and you buy your own, it is important to get the right insurance for it. There are a few reasons why you need to get this type of coverage. 

Insurance Protects Asset

If you are going to get a recreational toy, you will want to know that your investment is protected. If you have the right toy insurance plan in place, it will give the coverage that is needed to repair or even replace the toy following an accident or theft. This protection is also necessary if you have a loan in place that was used to buy the asset.

Insurance Gives Liability Protection

A recreational toy can be a lot of fun to use. However, accidents do happen from time to time. If you cause an accident while using it and it results in damage, you will have to cover the damages. If you have a recreational toy insurance plan in place, you will get the coverage needed to cover the cost of the damages. This can offer peace of mind as well. 

When you are shopping for toy insurance in the Centennial, CO area, you should speak with the insurance team at Compass Insurance. There are a lot of important factors to take into consideration when you are looking for a toy insurance plan. The team at Compass Insurance can help you to better assess your needs and pick a plan that will provide the right type and level of coverage for you. 

Road safety tips for for first time motorcycle riders in Centennial, CO

Road safety tips for first-time motorcycle riders in Centennial, CO

Riding a motorcycle can be a high-hazard activity, and new riders are most vulnerable to such accidents. New riders at Centennial, CO, long for the opportunity that accompanies riding on the open street. Thus It is important to respect your machine and improve your aptitudes and skills.

Undoubtedly around 36% of motorcycle accidents are more fatal than car accidents. Reliable training, respect for traffic regulations, and fundamental good judgment can decrease the number of fatalities associated with motorcycle accidents.

It’s imperative for motorcycle riders at Centennial, CO to understand essential road safety tips to ensure your next ride is safe. At Compass Insurance, we equip new riders with safety tips to follow.

Gear up.

It is crucial to wear protective gear and clothing to limit the degree of wounds if you are involved in an accident or a skid. Wearing boots with nonskid soles, leather clothes, and gloves can shield your body from extreme injuries.

Inspect your motorcycle.

Give your motorcycle an inspection before taking off. Things you should look at each time you get on your bike incorporate tire pressure factors, mirrors, and lights. Going for a snappy stroll around your motorcycle will give you an idea of any leaks, loose bolts, or other likely mechanical threats.

Adhere to traffic rules.

Comply with speed limits; the quicker you go, the more it will take you to stop. Know about neighborhood traffic laws and rules of the street. As a motorcyclist, you are required to pay more attention to the road you are riding on. Be careful with potential rock or other unstable road environments.

Ride Defensively

Try not to assume that a driver can see you, as almost 66% of all motorcycle accidents are brought about by a driver violating a rider’s right of way. You ought to consistently ride with your headlights on; avoid a driver’s blind side; signal well ahead of time of any course change, and watch for turning cars.

When Are You Required to Have Boat Insurance in Colorado?

Boat Insurance in Colorado

Boating in Colorado can be a fun and rewarding experience, but there is still a potential for accidents and other mishaps when you own a boat. While it is not required by law to have a boater’s insurance policy, it can be a wise move to have it anyway. Damage to your boat as well as other boater’s property, theft, and other incidents can leave you with costly expenses and losses which could have been avoided with proper insurance.

We have years of collective experience helping boaters get great insurance coverage for their investments at Compass Insurance of Centennial, CO. Our agents work to get the best rates with great policies and coverage for watercraft of all kinds. We will be happy to assist you with a policy that is tailored to your specific needs.

Do I Need Boat Insurance?

Sometimes, if you finance your boat you will be required to obtain boating insurance by your lending institution. This can differ from one lender to the next, so it is important to check with yours. Another example where insurance may be required is if you have your boat at a marina. Some marinas require this type of insurance to dock your boat at their facility. It is advised that this insurance is good to have regardless if it is required by law or not. It will help keep you protected in the event of an accident or loss.

Quality Insurance in Centennial, CO 

At Compass Insurance, we have experience helping boaters get insurance coverage for peace of mind and safety. Our agents will be happy to discuss the details of your policy and help you determine the level of insurance you need for your boat in Centennial, CO.

Does Your Home Business Need Commercial Coverage?

If you recently started a home business, you may be wondering about insurance coverage. Commercial insurance isn’t only for traditional brick and mortar companies. Your home-based business can also benefit from what commercial policies that Compass Insurance has to offer. Here are a few ways you can protect your home business with commercial coverage.

Property Insurance

Commercial property insurance protects your business equipment such as computers, scanners, printers, phones, etc. This equipment isn’t covered under most home policies. If these items are stolen or damaged in a disaster, property coverage will compensate you for your loss. Property coverage also protects any business inventory you may be stored in your home or garage against damage or loss.

Liability Coverage

General liability protects your business assets by covering accidental injuries a customer may have while visiting your home for business purposes. If you’re sued for damages, liability covers your legal costs.

Business Interruption

If your Centennial, CO home business is disrupted due to disaster damage to your home, you could lose valuable revenue. Business interruption insurance helps cover your business losses while you’re shut down to keep you from going under.  This financial support could be instrumental in helping your business carry on.

Workers Comp

Colorado requires that all businesses with one or more full or part-time workers carry workers comp coverage. This insurance covers the medical costs of your employees’ work-related injuries so you don’t have to pay for these expenses out of your business assets.

Commercial Auto

If you use your personal vehicle for business purposes such as delivering goods to customers, you’ll need commercial auto coverage to protect you against accidents on the job.

To learn more about commercial insurance for your Centennial, CO home-based business, call or visit your Compass Insurance agent.

Keeping your home safe while you are away

Getting away for a day or a week is something that people enjoy. You make your plans, pack your bags, and load the car for the airport or the road. You leave your home behind and an unoccupied house needs to be safe. Bad things happen but they don’t need to happen to you. In Centennial, CO Compass Insurance offers you choices. As independent agents, we represent some of the most respected carriers in the business and we help you find the one that is right for you. 

Set your home security system

If you have a home security system it is a great way to protect your home but only if it is turned on and armed. With all the advances in home security, you should be able to turn your system on remotely with your smartphone even if you realize it after you leave. 

Stop your mail

Nothing says we’re not home like an overstuffed mailbox. It is as simple as going online to the USPS website to fill out the dates you want your mail stopped and when to resume it. It is a good idea to ask mail to stop a day before you are leaving just to make sure your mailman got the message. 

Talk to a neighbor

Neighbors see things, and when you are planning to be away, a nosey neighbor can be your best friend. If you know someone walks the neighborhood every day, ask them to look for anything unusual about your home while you are away. 

Don’t announce your plans

Media silence when you are planning to be away is the best policy. Why give thieves the information they are looking for? Don’t share vacation pictures until you get back. 

Contact Compass Insurance in Centennial, CO  and let our experienced and friendly agents help you choose the perfect home insurance.