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. 

Why should I get a toy insurance policy?

Owning a recreational toy can be a great option for those that want to explore and enjoy the great outdoors. If you are looking for a new recreational toy in your area, you should also consider your insurance needs. For those that are in the Centennial, CO area, and own a recreational toy, there are several reasons why you should get a quality toy insurance policy. 

Required for Many Owners

One of the reasons people should get a toy insurance policy is that it could be a requirement for them. There are several reasons why a toy insurance policy could be a requirement. If you have a loan out that was used to purchase your recreational toy, the lender may require that you get toy insurance in order to protect their collateral. Additionally, there are certain trails, parks, and other areas that require all people to have a full toy insurance policy before going out. 

Gives Important Coverage

Even if you are in a position where toy insurance is not required, you should still spend time carefully assessing your needs. A toy insurance policy will give you both liability coverage and optional collision and comprehensive coverage. If you do not have this coverage, you will have to pay for any damages out of pocket. This could be quite expensive and the risk could be mitigated with proper insurance.

As you are looking for a new toy insurance policy in the Centennial, CO area, you should speak with the team at Compass Insurance. Choosing a new insurance policy can come with a lot of complicated decisions. The team at Compass Insurance can provide the support you need to choose a new policy. This can help to ensure you get into a policy that is ideal for your situation. 

Do I need boat insurance in Centennial?

Those that are in the Centennial, CO area will likely enjoy the beautiful weather that exists for much of the year. While Colorado is known for snow, the entire Denver area can also enjoy long and warm summers. If you want to enjoy your summer as much as possible, you should consider getting a boat. If you are a boat owner here, there are several reasons why you may also need to have a boat insurance policy. 

You Have Taken Out a Loan

One reason that you may need to have boat insurance when you are in Centennial is if you have taken out a loan. Buying a boat is a big purchase and due to this, it is common to finance it with a loan. If you do take out a boat loan, the lender will have insurance obligations that need to be met. This will help to protect their collateral in the event the boat is damaged or stolen.

You Want to Use Certain Water Access Points

Boat owners that want to use certain marinas or waterways in and around Centennial will need to have a full insurance policy. The water access points will want you to have liability coverage as it will ensure you are able to pay for damages if you cause an accident. In some cases, you may need to provide evidence of coverage prior to using the space. 

Anyone that owns a boat in the Centennial, CO area should get a proper boat insurance policy. If you are looking for a new policy here, you should reach out to the team at Compass Insurance. When you call Compass Insurance, you can learn a lot more about how you can protect yourself with boat insurance. It can then help to ensure that you remain properly protected at all times. 

What is Toy Insurance?

Put simply, toy insurance is insurance for your expensive toys. It often refers to toy collectibles or recreational vehicles like ATVs. Toy insurance gets its name because the items it ensures are for fun instead of necessity. This puts them in different risk categories than things with a more utilitarian purpose. At Compass Insurance in Centennial, CO, we offer the financial protection you need for your favorite toys. 

Collectible Toy Insurance 

 Toys aren’t always frivolous. Many people purchase collectible toys as an investment. They may grow the collection and sell it later at a profit. Still, others do it for love and nostalgia. Regardless of the reason, these items are valuable. It’s important to protect your financial investment with toy insurance. These items might be covered under your home insurance policy, but the coverage limits for personal items are generally low. Homeowner’s insurance isn’t designed to protect very valuable personal items, which is why separate policies exist for valuables. 

Recreational Toy Vehicles

Recreational vehicles are very fun to own, but they do create unique risks. If you run into someone’s golf clubs and damage them with your golf cart, you are liable for the damages.

A few examples are:

  • Your ATV destroys a farmer’s fence
  • Someone gets seriously injured in an accident on your snowmobile
  • Your Jetski crashes into a boat

Liability insurance is essential for peace of mind when you are out enjoying your toy. 

However, many toy owners also choose property coverage. Property coverage covers damage to your recreational toy if there’s an accident. It may cover damages related to other things as well, like vandalism or storm damage. If you have a lien on your toy, your lender will likely require property insurance. Even if you own it free and clear, full coverage is wise if you can’t easily afford to replace your toy. 

If you own a toy in Centennial, CO, contact us at Compass Insurance. We can provide the right coverage for your toy, so you can enjoy it worry-free.