Who Needs Boat Insurance in Colorado?

If you own a boat or are about to buy one, you can be sure about fun-filled days in the water. But as you bask in the beauty of Colorado waters, you need to think about boat insurance. But who needs boat insurance? While boat insurance isn’t mandatory in Colorado, your lender might require you to purchase a basic boat insurance policy until you pay off your outstanding loan. 

However, it’s not only those whose boat is loan-financed who need boat insurance — every boater needs boat insurance from Compass Insurance of Centennial, CO, regardless of the season or the type of boat. 

Why do you need boat insurance?

Then, if everyone needs boat insurance, how does it benefit me? We are glad you asked. Investing in boat insurance yields the below advantages.

Liability protection

While boating accidents aren’t as common as auto accidents, they can still occur. And when they do, you might be held responsible for bodily injury and property damage you cause to others. And since these costs can be expensive, you need boat insurance to bail you out.

Peace of mind

A time in the water should be worry-free. But how can you be relaxed without boat insurance? Watercraft insurance ensures that your time in the water is hassle-free — you don’t have to think about water accidents as they are taken care of by your coverage.

Asset protection

Whether you own a sailing boat, fishing boat, or personal watercraft, it has cost you money. And just like any other investment, you would want to protect it from risks like fire, theft, and so on. Thankfully, comprehensive and collision coverages of your boat insurance repair or replaces your boat following an accident. 

Buy boat insurance today!

As you enjoy Colorado waters, you need boat insurance to sail with you. If you are in Centennial, CO and its environs, don’t hesitate to contact Compass Insurance for an affordable quote. 

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. 

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.

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.

3 Facts About Motorcycle Insurance in Centennial

When you own a motorcycle in Centennial, CO, your focus is likely on the pickup of the engine and the feel of the wind blowing through your hair. But as hard as it can be to remember sometimes, there’s also a lot of responsibility that goes along with riding a bike. Compass Insurance wants you to know the facts so that you have all the information you need to feel confident on the road. Whether your average trips last for 15 minutes or the whole day, here are a few things that you should keep in the back of your mind. 

1. Insurance Policies Can Be Customized 

Do you keep your motorcycle locked up safely in a garage or do you tend to park it on the open street? Do you use it during one season of the year or as many days as you possibly can? There are countless questions about how you use your motorcycle that help determine what type of policy is right for you, so it’s important to have all the coverage you need if something should happen. 

2. Lots of Things Damage Your Motorcycle 

From vehicle accidents to vandalism to fire, there are plenty of events that can end up leading to a claim. It’s important to know about all of them, as certain policies may not cover different events. Once you’ve looked at all the things that can go wrong, you can start to narrow down which events are most likely to happen to you in Centennial, CO. 

3. Your Carrier Matters 

The staff at Compass Insurance knows just how important it is to get a policy that you’re comfortable with, regardless of the coverage you choose. Give us a call today to find out more about how we can help set you up for success.