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. 

Three things to know about motorcycle insurance in Colorado

Colorado motorcycle riders need to meet certain insurance coverage requirements to ride legally. At Compass Insurance, we can offer insurance policies that allow motorcyclists in Centennial, CO to meet their legal responsibilities.

The following are three things to know about motorcycle insurance in Colorado to meet state insurance requirements.

Colorado motorcyclists are required to carry bodily injury coverage.

In order to meet state coverage requirements, a motorcycle insurance policy in Colorado needs to offer $25,000 in bodily injury coverage per individual. Total bodily injury coverage per incident needs to be at least $60,000.

Colorado motorcyclists are required to carry property damage coverage.

Another requirement in Colorado is the property damage requirement. State law requires at least $15,000 in property damage coverage for a Colorado motorcycle insurance policy

Any other type of coverage in Colorado is optional.

There are numerous other types of coverage that Colorado motorcyclists can consider. For example, a Colorado motorcyclist might want to invest in collision coverage. This type of coverage will cover the costs of damages to the policyholder’s own bike.

Another option is uninsured motorist coverage. This provides added coverage for a situation where a motorcyclist gets in an accident with a motorist who is not carrying insurance.

Although Colorado motorcyclists have the option to purchase these other coverage types, they are not required to under state law. However, many of these optional coverages are a good idea for motorcyclists looking to protect their assets. 

If you’re looking for motorcycle insurance coverage in Centennial, CO, get in touch with us! We can provide you with information on motorcycle insurance requirements in Colorado and help you find a policy that meets your needs. Contact us at Compass Insurance today!

3 Things to Do Before You Put Your Boat in Storage

Winters in Centennial, CO can be harsh. Putting your boat in storage is one of the best ways to protect it from the elements. The agents of Compass Insurance can provide you with important information on how to keep your boat protected while it’s in storage. Whether you store your boat at home or rent space at a storage facility, you will want to take a few precautionary steps to keep your boat in good condition until next season.

Winterize Your Boat

Winterizing your boat makes sure that the motor won’t freeze during the cold winter months. You will need to drain the gas and other fluids to ensure that no water gets in the lines. It’s also a good idea to give your boat a good cleaning both inside and out. Polish the exterior and wipe down the interior thoroughly. Disconnect the battery and remove it from the boat.

Cover It

Cover your boat with a canvas cover or tarp to protect the interior from falling debris. You can also shrink-wrap your boat if you would prefer to have a tight seal that will prevent moisture from getting inside.

Talk to Your Insurance Agent

Talk to your insurance agent and let him know your boat is in storage. You may be able to purchase a storage policy for the months that your boat won’t be in use.

Compass Insurance serves boat owners who live in the Centennial, CO area. When you are planning on storing your boat for the winter, a quick call to their office will ensure that your boat remains insured even when it isn’t dashing across waves on the lake. Just because your boat is in storage doesn’t mean you should forget it. Protect it all year long with the right type of policy!

Commercial Insurance Requirements in Colorado

If you own a business in Colorado, there are certain requirements you must meet when it comes to commercial business insurance. You will want to ensure that you are following these requirements to protect yourself, your business, and your employees.

Requirements for small business insurance in Colorado

Workers’ compensation insurance

In Colorado, if you have employees working for you at your business, you will need to obtain workers’ compensation insurance. This type of insurance is required for all public or private businesses and any person who performs work or services for your business is assumed to be an employee of your business and you must cover them. This type of policy covers medical bills for any injuries or illnesses that employees sustain as a result of working at your business.

Commercial Auto Insurance

Any vehicles owned for use by your business must be covered by a commercial auto insurance policy. In Colorado, you must have at least liability insurance in the amount of $25,000 for bodily injuries sustained by each person in an accident, at least $50,000 of bodily injury insurance per accident, and at least $15,000 of property damage liability insurance per accident. Personal vehicles that are used for the business should also be covered under this policy even though in Colorado it is not required.

Although other policies are not required in Colorado under commercial insurance, you should definitely consider them since your business is a huge investment and your livelihood. Those include general liability insurance in case someone is injured on your business property or is injured by a product you produce or sell. This will also cover someone who slips and falls at your business or other accidents that could happen.

To obtain the best possible commercial insurance policy for your business, you will need to enlist the help of an experienced and trusted commercial insurance agent like the ones at Compass Insurance in Centennial, CO. Call for an appointment today!

Is having toy insurance a good idea for someone in Centennial?

Living in the Centennial, CO area is a dream for a lot of people. Not only are you close to a major city in this community, but you also are close to many outdoor recreational activities. Due to this, having a recreational toy, such as an ATV, can be a great option. When you have a recreational toy, you are going to have plenty of opportunities to make some great memories. However, it is also a very important asset you need to cover with insurance. There are several reasons why having toy insurance is a good idea.

Provides Coverage for the Asset

One of the reasons why you need to have toy insurance is that it can provide you with coverage for your asset. Buying a recreational toy is a big purchase and investment. Due to this, it is important that you protect it as well as possible. A great way to do this is with a recreational toy insurance policy as it can protect you against a variety of different forms of loss.

Gives Liability Coverage

When operating any type of recreational toy, you are going to run the risk that you cause an accident. If you do cause damages to another part, you are going to be held responsible. If you do have a liability insurance policy for your recreational toy, it will give you coverage to pay for these damages. 

Anyone that is in the Centennial, CO  area should call Compass Insurance for their recreational toy insurance needs. When you contact Compass Insurance, you will learn much more about all of your insurance options. They can then help you to get into a policy that gives you liability protection and protects your investment in the asset. 

Do I Need Specialty Motorcycle Insurance For Racing?

Generally speaking, if you’re racing professionally, you need specialty insurance for that.

However, some Centennial, CO motorcycle insurance providers may offer some allowance for non-competitive racing. That is, if you’re racing your bike on private property with friends, and with no money at stake, your insurance provider might be okay with that, depending on the nature of the race. Obviously they don’t want you jumping school buses, but a simple there-and-back down a mile of dirt road might not be a big deal.

You’ll want to call them first, of course. Any time you’re wondering if your insurance provider will cover you, the rule of thumb is to call and ask. They might say yes, they might say no, but if you wait until you’re making a claim to tell them that you were racing, they will almost certainly deny you.

In professional races, you may be able to buy insurance directly through the race organizers rather than having to go buy a whole separate policy, meaning that it’s no longer your primary insurance provider’s problem should something happen on the track.

What it really comes down to is just making sure that your Centennial, CO insurance provider knows what you’re doing with your motorcycle so that they know what they’re covering. Obviously they’d rather not be covering stunt races and demolition derbies, but safe, non-professional races on private land are usually allowed, as long as you keep your insurer informed.

If you’re looking to get covered, get in touch with Compass Insurance and see what they can do for you. Compass Insurance can connect Centennial, CO motorcyclists with the policies that they need to ride safely.

Simple And Practical Tips To Keep A Boat Secure In Off Seasons

Keeping a valuable investment like your boat secure and safe during the winter months is simple. Our licensed insurance agents in Compass Insurance Group in Centennial, Colorado can visit with you and make sure your expensive boat investment remains covered with the proper insurance. Give Compass Insurance a call today, visit our website for more information, or stop by and visit with one of our agents today. 

Tips and Hints to Keep Your Boat Safe and Secure 

It is not unusual to see many residents in Centennial and surrounding areas have a boat. These consumers store their boat at home during the winter months to keep the boat safe and secure. We are happy to give you some easy tips and hints to keep your investment safe and secure. 

Boat Storage Location is Important
When storing your boat, pick out a storage area on your property that makes it difficult for anyone to gain access to your boat. You can park your boat close to your home or garage. If you have a fenced-in area, park your boat inside a locked fence. 

Alarms Help to Divert a Thief

Be sure that you install an alarm system that signals you if someone is attempting to steal or damage your prized possession. This tracking system makes it easier for the authorities to determine the location of your boat. 

Protect Your Boat from the Elements and a Potential Thief

Large tarps or specific boat covers help to deter a thief while protecting your investment from thieves. A cover protects your boat from the elements while hiding the graphic of your investment. 

Lock Your Boat trailer During Storage

After parking your boat in the most secure place possible to be sure to lock the trailer it sits on. A thief cannot just pull up a vehicle, hook up your boat, and drive away. Locking your boat trailer means that a thief will find it impossible to move the boat. 

You made an expensive investment when you bought your boat as an enjoyable tool for family and friends. Having the right insurance on your boat protects you during the seasons you have the boat in the water. It is as important to keep your boat insured while it is in storage during the winter months. 

If you live in or around Centennial, CO, give one of our licensed agents at Compass Insurance Group a call today to talk about insurance for your boat. Call us today, visit our website or stop by and visit with one of our agents today.