Stay Protected With Home Insurance

Owning a home comes with a wide range of responsibilities. One of these is to get a home insurance policy and to keep it for as long as you own the home. If you need home insurance or want to know more about it, give us a call at Compass Insurance in Centennial, CO.

Protect Your Home

Part of the home policy that you get for your home will be devoted to the house itself. A lot of things can happen to a house, and many of these cause damage that must be repaired. Paying for house repairs can be extremely expensive when you have to come up with the money yourself. If you have a home insurance policy, your policy will pay for what is needed.

Protect Your Belongings

Home insurance also covers your belongings that are inside your home. If you add up all that you have paid for your possessions, it is a considerable amount. You can protect that investment by getting home insurance. It will pay for damages to your things that happen due to a covered situation. This can save you from having to replace everything you lost on your own. 

Protection Against Lawsuits

If someone came to your home, had an accident, and was injured, you would be vulnerable to a lawsuit if you didn’t have home insurance. This policy can pay for many of the expenses that come from an accident so that you won’t have to pay it yourself. It can pay for medical bills as well as lost wages and other costs that are caused by the accident. 

Protect Your Home With Home Insurance

If you own your home and don’t have home insurance, you could be in serious financial danger. To cover your home with insurance, call us at Compass Insurance in Centennial, CO.

Can a Speeding Ticket Affect Your Car Insurance?

There are certain rules of the road, such as the speed limit, that people might overlook at times. This is an area of traffic law that is incredibly important. If you are stopped and issued a speeding ticket, you might wonder what the consequences will be when it comes to your auto insurance. A Centennial, CO agent from Compass Insurance can help you understand if this may have an effect. 

Will it impact your car insurance if you get a speeding ticket? 

The short answer is that you probably will have points added to your driver’s license in the event that you get caught speeding and receive a ticket. In turn, this can lead to an increase in how much you’ll have to pay for automobile insurance. Colorado is a state that adds points to a person’s driver’s license for this and other reasons. 

The amount that your insurance rises after a speeding ticket depends on several factors. Among those are the state in which you reside, your driving record up until that point in time, how fast you were driving, and the company that you use for insurance. You may have to wait a little while to find this out since it might not change until your policy is renewed. This is because your insurance agency typically won’t review your driving record until this time. 

Additionally, if you get multiple speeding tickets within a three-year period, you likely will have much higher auto insurance rates because you’ll be considered a "high-risk driver".

As with nearly anything else, all of this may not be applicable even though it’s common practice to raise automobile insurance rates after the policyholder receives a speeding ticket and has points put on their license. If you’re new to getting auto insurance, it can benefit you to talk to an experienced Centennial, CO area agent from Compass Insurance about your concerns so you know what to expect. 

Why do people get toy insurance plan in Colorado?

Those that are in the Centennial, CO area are going to find there are many great places to spend your time nearby in the great outdoors. If you are going to live in this area of Colorado, investing in your own recreational toy can be a great idea. Along with your recreational toy purchase, you also need to choose a new insurance plan for it. There are a few reasons people here will want to get a toy insurance plan.

Protect their Toy

A key reason people here will get a recreational toy is that it will be something they can enjoy for a long time. When you have the right insurance in place, you can help to protect the toy and ensure you can enjoy it for a long time. With this coverage, you will get the support needed to replace or repair your recreational toy if you incur certain types of losses. 

Liability Risk Mitigation

You should also consider this insurance to mitigate your risk of liability risk. If you cause an accident when using the toy, you are going to be responsible for any damages that you cause. In some cases, these damages can be significant and finding a way to offset this risk is important. With proper toy insurance, you can reduce your liability risk. 

If you intend to own a recreational toy in the Centennial, CO area, it would be a good idea to speak with the team at Compass Insurance. There are a lot of choices you will need to make when picking a new plan and Compass Insurance can help you through the process. The team is able to assess your situation and provide the guidance you need to choose a plan that is ideal and meets your needs. 

Colorado Motorcycle Laws

Motorcycle laws vary from state to state, and those living in Centennial, CO need to know and learn the different Colorado Motorcycle Laws. Knowing and understanding these laws helps make riding safer and ensures you are legally driving. Once you are familiar with the motorcycle laws, give us a call at Compass Insurance to discuss how to protect you and your motorcycle while out on the road. 

Here are the minimum safety standards according to Colorado motorcycle laws: 

Passing

It is illegal in Colorado to pass another vehicle in the same lane; this includes lane sharing with cars. However, motorcycles can share a lane with another bike. 

Clinging

Motorcycle riders cannot cling to another vehicle while on the road. Clinging is when you grab onto a car or another motorcycle and have them tow you while riding the bike. 

Helmets

Helmets are proven to save motorcyclists’ lives; however, riders aged 18 and over do not have to wear a helmet when riding in Colorado. However, those under the age of 18 must wear a DOT-approved helmet when operating a motorcycle or as a passenger. 

Eye Protection

Some form of eye protection is legally required in Colorado for all motorcycle drivers and their passengers. The best eye protection is available as a helmet visor, but goggles or safety glasses are acceptable. 

Passengers

All motorcycles must have footrests for passengers, and they must be used when riding. 

Riding Position

According to Colorado Law, passengers must ride on the seat located behind the driver or in a sidecar. Passengers cannot ride directly in front of the driver. 

Additional information about Colorado motorcycle laws is in the Colorado Department of Revenue Motor Vehicle Division’s motorcycle handbook. Then give our agents a call at Compass insurance to discuss insurance requirements for Centennial, CO motorcycle owners. 

Everything You Need to Know About Getting Boaters Insurance

Buying a boat is an exciting adventure for many in Centennial, CO. Just the thought of purchasing a boat offers many the image of seeing themselves sailing on the open water with friends and family. In addition to buying a boat, it is essential to purchasing boaters insurance to protect you, your family, and your vessel. Call our agents at Compass Insurance for additional information about buying boaters insurance. 

Homeowners Insurance Coverage

Sometimes boats without motors, such as kayaks or rowboats, are covered under personal property insurance. However, boats with engines may need to get separate coverage, which may resemble your auto insurance policy.

Protection from Disasters

There is a risk you may encounter a catastrophe while out relaxing on your boat. Having boaters insurance covers, you should any of the following events happen to your boat: 

  • Sinking
  • Fire or explosion
  • Storm damage
  • Theft or Vandalization
  • Capsizing
  • Collision

Liability Coverage

Personal liability coverage helps protect you when you are legally obligated to make payments to an injured person on your boat. Expenses for bodily injury, property damage, and legal fees are covered under your liability coverage. Liability coverage also covers you in the event of an accident where you are at fault. 

Physical Damage Coverage

Having physical damage coverage is a necessity when owning a boat. Boats are expensive, and if there is damage to the boat, trailer, equipment, or other boat-related items, your insurance will help cover the costs to replace or repair. 

Are you ready for the boating season in Centennial, CO? Make sure to give our agents a call at Compass Insurance. We can answer all of your boater’s insurance questions and help you get the coverage you need. 

Required Commercial Insurance for Colorado Businesses

There are three types of mandatory commercial insurance for Colorado businesses, though not every business is required to have all three. If you have questions about commercial insurance and your business, contact us at Compass Insurance in Centennial, CO. 

Workers’ Compensation

This type of insurance is a powerful way to protect your business, as well as your employees, in case any of them were to get sick or injured at work. This type of insurance pays for their resulting medical bills as well as their lost wages if necessary after an accident. In Colorado, this insurance is required for all businesses that have one employee or more. This insurance helps your business in the event of an injury or illness at work and provides the funds for the medical bills so that your business doesn’t have to come up with them.

Commercial Auto

If a vehicle is at all used for work in Colorado, it is required to have a commercial auto insurance policy. The vehicle does not have to be owned by the company to require this insurance policy. It simply has to be used for work tasks. There are required minimums for bodily injury, property damage liability, and bodily injury liability. 

Professional Liability

There are a few professions that require the company to keep a professional liability insurance policy in place. This type of insurance covers errors and omissions that can come about while using your expertise as a part of your job. In Colorado, it is often required for those who work in the health field, but it is recommended for a few other professions such as architects and lawyers. 

Get Your Commercial Policies

If your business is in need of commercial insurance, call us today at Compass Insurance in Centennial, CO to find out more. 

Home-Inventories And Why They’re Vital

Owning a home brings with it a certain amount of risk. Things can go wrong that will damage your house or even totally destroy it. No one likes to think about this possibility, but it is better to be prepared for the worse than to be caught off guard. At Compass Insurance in Centennial, CO, we have been providing our clients with choices since 2002.  We offer an exceptional level of customer service and if you ever need to file a claim, we will be there with you all the way through. 

A home inventory will be your best friend if you ever need to file a claim. The insurance company is going to need proof of what you had before the damage or destruction was done to your home. Your inventory will be that proof, and it will make the whole process go faster and easier. 

You can do a video inventory, but you will still need to provide specifics and receipts if you have them. But, the ideal way is to just do it the old-fashioned way with a pad and pen and your phone or camera.  Go room to room and write down everything you see in as much detail as possible. Take pictures from a bunch of different angles. Be sure to look in drawers and closets. 

Go through your home top to bottom and don’t forget the attic, basement, shed, and garage. For electronic in particular, write down the serial number, brand, and model. With jewelry, art, or antiques an appraisal is the way to go. Attach any receipts you have to the inventory along with the photos. 

Store it in a safe place where it is easy to access but won’t be destroyed along with your home. The Cloud is a good option; it can be accessed from anywhere you might end up. 

Contact Compass Insurance in Centennial, CO for all your home insurance needs. 

Is basic auto insurance ever enough

At Compass Insurance in Centennial, CO, we were founded in 2002 with the intention of offering residents choices that only an independent insurance agency can. We are committed to not just finding our customers the right policy, but we continue to offer our expertise and our help throughout the year. We have an in-house claim specialist, who will be there with you through the entire claims process. 

In Colorado basic auto insurance is confined to liability coverage. Liability insurance helps to pay for injuries you may cause to other drivers and their passengers as the result of an accident where you are the at-fault driver. It will also pay for property damage. The Colorado limits are 25/50/15. That translates to $25,000 for the first injured person and a total of $50,000 for an accident. The property limit is $15,000. This is pretty basic, especially the property damage, if the vehicle is relatively new, $15,000 could leave you paying a lot out of pocket. 

That is what basic auto insurance consists of, does it seem like enough to you? If you don’t have any assets, and you have an old clunker, it probably is. For the rest of the driver, this is just not going to cut it. Especially if you still have a car loan, you are going to have to carry comprehensive and collision coverage. 

Comprehensive and collision coverage will repair your vehicle and if you are like most people, you count on your vehicle to get to work and to get around. It can cost thousands of dollars after an accident or if your vehicle is stolen. Insurance makes it possible to replace or repair your transportation. Since this is a necessity, basic auto insurance just won’t be enough.

If you live in or near Centennial, CO, Compass Insurance is your one-stop insurance agency. 

Different Types Toy Insurance 

If you own a boat, RV, snowmobile, ATV, or motorcycle in Centennial, CO, you may need toy insurance from Compass Insurance to protect your prized investment. Since these recreational assets are expensive, you need proper insurance to protect them.

Depending on where you are using your toy, it may require mandatory toy insurance. However, whether compulsory or not, consider the below types of toy insurance for optimal protection.

Liability coverage

Just like your auto, accidents can happen while using your recreational toy. As a result, you could face property damage, medical bills, and even legal suits for accidents you are at fault. Without toy insurance, you could be facing a financial mess. However, the liability coverage in your toy insurance covers damages caused to other parties but not on your property.

Comprehensive and collision coverages

Toys don’t come cheap — they cost hundreds, if not thousands of dollars. When perils like fire, theft, hail, hurricanes, and vandalism strike, your invaluable asset could go down the drain in a matter of minutes. However, with comprehensive toy insurance, your toy is protected from such perils. The collision coverage protects your toy from accident-related damages.

Medical payments coverage

When an accident occurs, it’s likely to lead to injuries that are costly to treat. Without health insurance, you may have to foot medical costs from your pocket. Fortunately, when you have toy insurance, any injuries you or your passengers sustain in a car accident are well taken care of.

Underinsured or uninsured motorist coverage

It helps you pay for your medical bills or repair your toy if you are involved in an accident with a motorist who is inadequately covered.

Personal effects coverage

Whether it’s your boat, RV, or ATV, with proper toy insurance, items like sporting equipment, clothing, and electronics are covered if they are stolen or damaged while inside your toy. 

Toy insurance in Centennial, CO

Whether you are boating, riding with friends, or enjoying a trip with the family, you need the right toy insurance to protect you, your asset, and the loved ones. 

At Compass Insurance, we offer customized toy insurance plans to ensure that your prized asset has adequate protection. Contact us today for an affordable quote.

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.