Do you need toy insurance?

If you are an owner of toy collections that are valuable and important to you, obtaining toy insurance may be a priority. This type of insurance can also cover toys that move, such as all-terrain vehicles (ATVs), motorcycles, boats, and Recreational vehicles (RVs), although separate policies can be obtained for each of those.

If you have spent a lot of time and money on your prized collection, you will want to obtain an insurance policy for your investment to protect it if there is a fire, flood, burglary, theft, or other disastrous incidents. When it comes to your recreational toys, an insurance policy will cover liability expenses you may be responsible for if you cause an accident while driving. You can also obtain a comprehensive policy that will cover losses caused by a disaster or an underinsured or uninsured policy that will help cover the costs of repairing or replacing your recreational toy if an accident occurs that is caused by someone with little or no insurance coverage.

Toy insurance will give you the peace of mind of knowing that if a disaster occurs, your beloved collection or fun recreational vehicle can be repaired or replaced. Your policy coverage will be based on the amount your collection of items is worth so you can replace your collection or if it is a rare one that cannot be replaced, at least you will be compensated for your loss.

Whether you own a collection of rare wines, priceless baseball cards, rare coins, or some other collection that means a lot to you, monetary or otherwise, you should ensure that it is protected through a proper insurance policy in case of a horrible incident that may occur.

In Centennial, CO, the experienced and trusted agents at Compass Insurance can assist you with all of your toy insurance needs.

Tips to Protect Your Motorcycle From Theft When Traveling

There is nothing more exciting than hitting the road for a long-distance trip on your motorcycle. When traveling by motorcycle it’s important to be well-prepared and organized. One of the most important things to consider is how you’ll protect your bike against theft while traveling. Motorcycle theft is a common problem, so to avoid having your trip to Centennial, CO ruined because your motorcycle is stolen; Compass Insurance has put together a few tips to help you protect your motorcycle from theft when traveling.

Park Smart

When you stop for the night, be sure to park in a well-lit area. If there are other bikes in the parking lot, consider parking in the same area.  Park the motorcycle in an area where you will have a clear view or if you’re unable to park in an area that you can see from your hotel room, ask the front desk if you can park in view of the front entry.

Use a Cover

Covering your bike will often make it less attractive and noticeable to those passing by. There are several motorcycle covers to choose from, but make sure you choose one that is compact and lightweight to help keep you traveling light. A cover will also come in handy for keeping the bike dry should it unexpectedly rain during the night.

Install an Alarm

An alarm may be a good investment and it may provide you with a discount on your motorcycle insurance. There are several motorcycle alarm options to choose from, but it’s best to choose one that comes with perimeter and motion sensors as well as a paging system that will alert you if the motorcycle is approached or moved.

Remember to follow the rules of the road and be aware of others on the road. Ride safe and have fun, but remember to take the steps necessary to prevent a thief from stealing your motorcycle.

Residents of Centennial, CO interested in insuring their motorcycle should contact Compass Insurance.

4 Ways to Secure Your Boat at Home

Many Colorado boat owners living in or around Centennial, CO store their boat during the winter months with hopes to keep it secure until boating season comes back around. At Compass Insurance, we’ve found four ways for you to keep your boat secure when you are not taking advantage of the water. 

Lock the Boat Trailer and Make it Unmovable

Once you have loaded your boat one last time and are locking it away until warm weather returns, make sure that you lock the boat trailer it is on. A boat lock prevents thieves from backing their truck up to the trailer and taking off with the boat.

Location is Important

If you are planning to store your boat at your home, make sure that you put it in a place where it is not easy to access for stealing. Tucking it in a corner on the backside of your home or locked in a fence will deter most thieves because of the difficulty of trying to access the boat. 

Get a Boat Cover

Whether you are planning to store your boat at home, in a storage facility, or at a marina, it is best to have a full boat cover on your boat when it is not in use. This is simply to keep others from taking advantage of your graphics and features while it is being stored. 

Install an Alarm

Boat alarms are now as easy to install and track as any other alarm system that you can purchase. If your boat is stolen, you will be able to alert the authorities immediately and track the boat. 

Get the Boat Insurance You Need

When you purchase boat insurance, you really are securing your boat and protecting your investment. If you live around the Centennial, CO area, call our agents at Compass Insurance today for more information. 

What is Toy Insurance and Why Do I Need It?

When you think of toys do you picture dolls and action figures, ponies and monster trucks? Or do you picture grown-up toys like ATVs, dune buggies, and watercraft like speed boats and jet skis, because these are the toys you want to insure. Compass Insurance serving Centennial, CO is here to help.

Toy Insurance Explained

Toy insurance is a type of insurance that covers your recreational vehicles and crafts like four-wheelers, fishing boats, snowmobiles and various other types of off-roading and seasonal machinery.

If the vehicle spends most of its time in storage, only coming out when the seasons change or the mood strikes, it likely qualifies for toy insurance. This helps keep you and your craft protected in case of an accident while in use. 

It comes is the same varieties as auto insurance:

  • Liability Coverage

  • Comprehensive and Collision

  • Uninsured/Underinsured

  • And Supplement/Additional Coverages 

Why You Need It

As with most toys, we tend to share them with friends and family. This can be fun for everyone, but when a user has an accident, gets injured or damages your toy, who pays for it? Toy insurance, hopefully. No one wants to have to foot the bill to repair or replace a broken toy.

Having the right type of toy insurance can help keep you, your friends and family and your toy out of the woods in case someone takes a spill. 

How to Get Toy Insurance

If you’re in or around the Centennial, CO area and you want to protect your toys you’ve come to the right place. Compass Insurance can help you find the right type of coverage for your toys with they’re in storage and when they’re in use. Talk to an agent today to learn more.

What To Do About Insurance When Customizing a Motorcycle

Customizing a motorcycle is fun but it may also be a significant investment. If you are making custom modifications of your motorcycle, be sure to inform your insurance agent at Compass Insurance serving Centennial, CO and the surrounding area.

How to Increase the Value of a Motorcycle with Custom Work

Custom work on a motorcycle adds value when the additions are more useful to others. For example, if the seat is worn out, installing a new one is an obvious improvement. New hand grips, a new headlamp, and turn-signal lights are very helpful improvements too. Other practical additions, such as a fly screen also add some value.

A new paint job should increase the value. However, be careful when doing custom paint jobs because beauty is in the eye of the beholder. You may love the dragon with flames painted on the gas tank; however, others may think it looks stupid. It is better to stay with solid colors with a bit of design flair in the racing stripes and trim but do not go overboard with a specific image.

The increase in the value of the motorcycle may not be enough to include the value of the labor to make the custom work. If the custom work is very expensive, then you may need to get a certified appraisal from an appraiser acceptable to the insurance company.

When possible, use original manufactured (OEM) parts. If you choose to install aftermarket parts, make sure they are high quality and as close to original parts as possible. Heavy customization with non-original parts might make the value of the motorcycle go down. If you change out original parts with custom parts be sure to save the original parts so that you can change them back when you a ready to sell the motorcycle if this helps get a better price for it.

Contact your agent at Compass Insurance in Centennial, CO to get a motorcycle review and a quote for motorcycle insurance.

Off-Season is the Perfect Time to Review Your Boat Insurance Policy

Owning a boat can be a lot of fun, but there are also a lot of responsibilities involved in responsible boat ownership. As you get ready to take your boat out of the water for the off-season, why not take the opportunity to also review your boat insurance policy? The team at Compass Insurance is here to help our boat-owning clients in the greater Centennial, CO area ensure that their current policy is adequate for their needs. Don’t wait until it’s time to get the boat back on the water to find out that your policy needs an upgrade!

Benefits of Annual Boat Policy Reviews

Boating in Colorado is a great way to enjoy our sunny days, and seeing a side of the state that a lot of people miss. A lot of changes can occur over the lifetime of your boat ownership, such as switching from home storage to a marina or traveling out of state to enjoy more bodies of water. These types of changes are just a small example of events that can alter your insurance needs. Don’t find out that you don’t have adequate towing insurance until it’s too late. Or realize that a theft while your boat is in the marina may not be handled the same way if your boat had been stored at your home. An annual policy review will ensure that your current coverage offers protection for all the ways that you currently use your boat.

Let’s take advantage of the off-season and make sure that your boat insurance policy is right for your needs! If you are in the greater Centennial, CO area, contact the Compass Insurance team today and set up a meeting to review your boat insurance policy. 

The Importance of Motorcycle Insurance

As a motorcycle owner, you are required to carry motorcycle insurance to register and ride on your motorcycle. While most people are well aware that it is required, many do not fully realize the importance of having motorcycle insurance. Compass Insurance, serving Centennial, CO, wants to help you realize that motorcycle insurance is more than something that you are required to carry; it is something that can be very beneficial to you. Here are a few reasons motorcycle insurance is so important. 

Covers Damage Done to Your Bike

One of the reasons why motorcycle insurance is important is because it helps to cover damage done to your bike if you are involved in an accident. You have made an investment in your bike when you purchased it. Insurance helps to protect that investment and your finances in the event of an accident. 

Helps to Cover Your Medical Bills

Another major benefit associated with motorcycle insurance is that your policy helps to cover your medical bills if you are injured while riding your motorcycle. Medical bills can add up quickly and can cost a significant amount of money. Having motorcycle insurance helps to cover these expenses. Having the right level of coverage is important to protecting you if an accident happens. 

Covers Any Damage You Do to Cars

The final benefit to motorcycle insurance is that this type of insurance policy covers any damage that you may do to other cars while you are out for a ride. If you cause an accident, your insurance will pay to repair the other car or motorcycle that you may have caused damage to.

Do you need to purchase a motorcycle insurance policy in the greater Centennial, CO area? Then contact Compass Insurance today to get started. 

3 Tips for Buying Toy Insurance in Centennial, CO

You’re just a big kid who loves his toys. Whether you’re into boats, RVs, motorcycles, or jet skis, having toy insurance is a must if you want to protect you and your toys. Anything could happen. Your toy could be stolen or damaged by another party. Your toy could be involved in an accident that results in injury and the individual decides to sue. For these and many other reasons, having toy insurance in Centennial, CO sure sounds like a good idea. At Compass Insurance, we’ve put together a short list of tips to help you get started. These tips will help you find the best policy for your toys and help you save money along the way.

1. Compare Many Quotes

It’s recommended to compare several toy insurance quotes before making a decision. Look at coverage and cost in fine detail. A trusted and reputable insurance agent can help you with this task.

2. Bundle Your Insurance Policies

When you bundle all your policies together – life, auto, commercial, umbrella, etc… – your insurance carrier will give you a discount. You can either stay with the carrier you currently work with or switch to one that offers better savings and coverage for all your insurance policies, including toy insurance. 

3. Work with a Reputable Insurance Agent

To protect your toys, work with a reputable insurance agent to find the best policy at the best price. This professional should be friendly, knowledgeable, experienced, and able to answer all your questions and concerns.

To learn more about purchasing toy insurance in Centennial, CO, call Compass Insurance today. Our trusted agents will help you compare quotes, bundle your polices, and find you the right toy insurance at an affordable price. 

Does Boat Insurance Cover Accidents?

Boating is a fun, and sometimes dangerous pastime. You can have a great time boating but without sufficient insurance coverage, you might be left paying a hefty bill for an accident that you are in. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you to find the policy that is going to work best for you and your boat.

For those that have a boat, it is always best to have a boat policy in place to help make sure that you are covered in the case that something does happen. Your policy is going to cover your injuries, the injuries of your passengers, and the cost of the accident as well. Some bodies of water require that you have a boat policy in order to be able to drive your boat. Your boat policy is likely to cover at the very least a liability amount. This means that you are going to be able to claim an accident, and the costs associated with it, in order to make sure that your boat is going to be able to be either repaired or replaced.

You can always take out more coverage based on the boat that you have, the type or amount of coverage that you want, and several other factors. It is always best to speak with an agent to find out more about what policy is going to work best for you and what policy is going to best cover and protect your boat. For those in the Centennial, CO area, the agents with Compass Insurance are a great resource and they can help you to find the policy that works best for you, for your boat, and for any potential situation, you may be in.

A Guide to Motorcycle Insurance

Motorcycle insurance in Centennial, CO is required. In order to be in compliance with the law, you must carry $50,000 of bodily injury liability insurance per accident and $15,000 for property damage liability per accident.

Why You Need Motorcycle Insurance

Besides being required, motorcycle insurance can help protect you if you get into an accident There are different kinds of motorcycle insurance, besides just liability, that can also protect your bike. Collision coverage will help with the cost to repair your bike if you get into an accident. Comprehensive coverage will help with the cost to repair or replace your bike if it is damaged in an event that is not an accident, or if it’s stolen. Uninsured and underinsured motorist coverage will help if you are in an accident that isn’t your fault but the driver doesn’t have insurance or not enough insurance. Optional equipment coverage can help if you are adding personal touches to your bike to enhance the riding experience. Medical payments coverage can help if you don’t have adequate health insurance or a plan that will cover your needs. This type of coverage will kick in for injuries regardless of who is at fault for the accident. An agent at Compass Insurance can help you determine which motorcycle insurance is best for your needs.

Factors That Impact the Cost of Motorcycle Coverage

The model and make of your bike can affect coverage. In order to lower premiums, have a good credit score along with good accident records. One of the most significant factors when determining cost is your age. Statistics show younger riders are more likely to get into an accident, so premiums can be higher. The security measures you take to protect your motorcycle will also play a role. Where you store your motorcycle and if there are anti-theft measures can lower or raise premiums.

Contact Compass Insurance, serving Centennial, CO, to get a quote on motorcycle insurance.