What Voids a Boat Insurance Policy?

Boat insurance is something that is fully necessary if you have a watercraft that you routinely take on the water. This type of policy protects you from a range of issues like wrecks, hitting things that are up out of the water, and damages that are caused by fire and weather. There are a few different things that can be done to make a boat policy ineffective and to guarantee that you are not going to be able to cash in on your boat policy. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you to find the right boat insurance policy for your boat.

There are a few different instances in which your insurance company is not going to pay out on a claim. The first is if the claim is obviously something that you caused or did intentionally. This could be setting your boat on fire, wrecking on purpose, or intentionally causing damage to your boat in the hopes of being able to collect insurance. There are also cases that your policy can lapse or become void. This might be is you stop paying, you miss too many payments, or your insurance company finds out that you provided false information that might cause them to void or cancel the policy.

If you have a boat you need to have some sort of boaters insurance to protect both you and your boat. The right boat policy is going to protect your boat and is going to protect your passengers and yourself as well. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you understand the ins and outs of your personal boat insurance policy to make sure you are covered.  

Is there insurance that can protect me if my off road vehicle causes an accident?

You get a lot of chances for adventure in and around Centennial, CO, and you don’t want to slow down because you aren’t protected. At Compass Insurance, we assist our customers with many kinds of insurance needs, including insuring off-road vehicles like ATVs, dune buggies and even golf carts.

A good recreational vehicle may be expensive, and it could potentially cause a large amount of damage like any vehicle can. But off-road vehicles are fun to ride, they can get into places a regular vehicle can’t, and they save a lot of money on gas.

Following the rules

Driving an off-road vehicle can seem rebellious, but there are some rules you can follow that will make the experience safer, so you can keep doing it for a long time.

For instance, you shouldn’t take a passenger on an ATV, or drive the ATV on a regular paved road with regular vehicles. Wearing protective gear is also important.

Do you need ATV insurance?

You aren’t legally required to get ATV insurance in Colorado, but you have to ask yourself what you could lose if you don’t have insurance when you need it. Your injuries and/or damages probably won’t be covered under your auto or homeowners policy, and the expenses could add up.

It’s easy to damage your ATV by running over a stone or into a tree, and ATVs are vulnerable to theft and vandalism. You won’t know for sure until you look at your policy and talk to your agent, but if you want to ride an off-road vehicle in Centennial, CO, it is better to be safe than sorry. If you have any questions or would like to talk about a policy suited to what you need, call Compass Insurance today.

Why You Should Include Collision and Comprehensive to Your Motorcycle Insurance Plan

Purchasing a motorcycle can be thrilling for owners, with gas mileage so good that the open road can last right on for miles. While you are out taking on the open road, make sure that you have quality insurance on your motorcycle. While liability is only required in the state of Colorado for owned bikes, expanding past the minimum can protect yourself and any passengers you may be carrying. If you live in or around the Centennial, CO area, upgrade your motorcycle policy today to include collision and comprehensive with a policy from Compass Insurance. 

What does collision cover? 

In the event that you are in an accident with another bike or vehicle, damage to your bike will be covered. If your bike is a total loss from damages, you will be covered for the value of the bike so that it can be replaced. Even if you are in an accident with an uninsured driver, your own policy will ensure that you are provided the proper value and the ability to replace your motorcycle. For accidents that do not have collision coverage, you are not able to gain compensation on your motorcycle damages.

Why is comprehensive important?

Unfortunately, damage can be caused to your bike that is not accident related. If something falls onto your bike causing damage or it is stolen, you will be cover for the damages costs or a bike replacement like collision insurance. For those who lose their bike to theft without comprehensive insurance, there is no value replacement on the bike, leaving the owner completely responsible for the loss of the bike. 

Get Covered Today

Protect your motorcycle investment today with collision and comprehensive coverage. Compass Insurance proudly serves the Centennial, CO area and has a policy ready for you today. 

Is Boat Insurance a Legal Requirement in Colorado?

When the spring thaw comes many people will be considering buying a boat or enjoying the one they have stored for the winter. Boating is a great way to enjoy the great outdoors in Colorado, however, it is important that you stay safe and up to date on the newest regulations. At Compass Insurance we want you to have the most fun this summer on your boat, but safely so your person and your property is not damaged in the process. We serve Centennial, CO and the surrounding area with quality insurance for all aspects of your life. 

Is Boat Insurance Required, Legally?  

In the state of Colorado, you are not legally required to carry boater’s insurance in order to operate your boat or to receive a registration. However, due to the nature of the sport, it is highly recommended that you insure your boat for your own safety net in case something occurs on the waters. There is nothing like losing your property to halt all fun, or being liable for someone else’s property in an accident. Boater’s insurance can have your back if something goes wrong on the water.

Boating requirements do include the rule that you must be registered with the state and receive a registration number that is displayed on the vessel. A Boater education card proves you took the courses for safety and knowledge of state laws. Be sure to do these two things and legally you can enjoy the water. However, insurance is always the best idea. 

Contact us at Compass Insurance to find out about boat insurance rates and what sort of coverage you want. We serve Centennial, CO and the surrounding areas. 

Can I save money by not insuring my toys during the winter, when I can’t play anyway?

As a grown-up, you love your toys and you want to take good care of them.  But if you live in Centennial, CO, you probably put your summer toys in storage during the winter, and your winter toys in storage during the summer. 

You may have wondered if you need to keep your policy effective while your toys are stored away. You may even be wondering if your property insurance through Compass Insurance might cover any damages that occur in the offseason. 

Maintaining Protection 

Whatever you decide, you need to make sure you have adequate protection. Most property insurance will cover some part of damages if you store your boat in the garage, for instance, but there will probably be a limit that isn’t close to the value of your boat.

Another thing you really need to consider is if you still have a loan on the item you need to insure. If your toy is the collateral for the loan, one of the conditions of the loan will be maintaining full coverage on the property. 

You Probably Won’t Save Money by Canceling for the Summer 

The insurance policy was probably already priced in such a way as to take into account the fact that the item won’t be used year round. Paying for just a few months will probably just cause you to incur a higher monthly rate. You can also get a discount for paying six months or a year at a time. 

If you want to find the best policy for your toys in Centennial, CO, you can see that there are a lot of variables. Call Compass Insurance today for a free quote. 

What Types of Motorcycle Insurance Do You Need?

Before you can ride your motorcycle in Centennial, CO, you need to insure your vehicle. Colorado establishes some basic minimum requirements for motorcycle insurance. Using these requirements can help you figure out what type of motorcycle insurance you need, and what type of optional insurance you should consider. Compass Insurance can help you figure it out.

Colorado Minimum Motorcycle Insurance Requirements

In Colorado, you’re required to have liability coverage for your motorcycle. You need liability insurance for:

  • Bodily injury to a person
  • Bodily injury to multiple people
  • Property damage

Liability coverage will help pay for injuries to passengers and others in an accident. Also, liability covers damage to another’s personal property in an accident. If you ride without at least the minimum coverage, you can face fines and other penalties.

Colorado’s Optional Insurance Options for Motorcycles

Minimum coverage leaves out a lot of potential eventualities. You can broaden your motorcycle coverage with additional insurance packages. Some examples include:

Collision and comprehensive coverage – Helps pay for damage to your own vehicle.

Medical payments coverage – Helps pay for your own injuries.

Uninsured and underinsured motorist – Helps pay for accidents with someone who has inadequate or no insurance.

Other insurance options exist for motorcycle coverage as well. Choosing motorcycle insurance that fits your specific riding activities is important for new riders and experienced ones.

Colorado’s Other Requirements for Motorcycle Riders

Beyond insurance requirements, note that motorcycle riders under 18 years old require a helmet when riding. Riders 18 and over do not require a helmet, but your insurance company will appreciate it if you wear one. Also, some form of eye protection is mandatory for all riders.

You need insurance and you need to carry proof of your insurance at all times in Centennial, CO. The minimum requirements are a good start, but consider adding more protections for yourself, your bike, and others. Contact Compass Insurance today for more information or a quote on motorcycle insurance.

How Much Boat Insurance Do I Need If My Boat is in Storage?

Boat owners in Centennial, CO normally store their boats to keep them from being exposed to the harsh Colorado winters. At Compass Insurance, the agents can offer suggestions for protecting your boat while it is in storage. Just like having insurance for your car, you want to reduce your risk as much as possible even when your boat is not in use. Storage insurance can protect you from loss even when your boat is not on the water. 

Storage Insurance

Storage insurance will protect your boat while it isn’t in use. Because there is less risk of liability while your boat is in storage, those amounts can be reduced until it is put back into action. Storage insurance can vary depending on how much protection you want. If you are putting your boat in a storage facility, you may choose to leave the liability insurance in place in case of an accident while the boat is being moved.

Reduce Your Risk

Before you put your boat in storage there are several things you can do to reduce your risk of loss or damage. Shrink wrapping your boat will protect the interior from falling debris while winterizing the motor will keep it from freezing in the extreme Colorado temperatures.

If you live in the Centennial, CO area and plan on storing your boat, call the agents of Compass Insurance today. They can answer any questions you have about storage insurance and how it can protect your boat from various types of risk. Contact their office and talk to one of the agents for the most up-to-date information possible.

Snowboarding Tips to Avoid Accidents and Injuries

Snowboarding in or around Centennial, CO is a fun sport for people of all ages and experience levels. Like any sport it is important to be safe and aware of your surroundings. If you are new to snowboarding there are some safety measures that you need to be aware of before you hit the slopes. Here are a few tips to help you avoid accidents and injuries while snowboarding.

Dress Appropriately

Simply being outside in the cold and snow can be uncomfortable, but traveling down a slope at a high rate of speed can quickly increase the cold as well as your risk of injury. It is extremely important that you wear the appropriate clothing and snow gear to prevent the risk of frostbite, sunburn and hypothermia. It is best to wear a few light layers of clothing instead of one heavy layer, which can restrict your movement. It is also essential that you wear eye covering, gloves and a hat and for some people, such as young children, a helmet is highly recommended.

Know the Slope Safety Rules

Safety is the number one priority when snowboarding, especially if you are new to the sport or have never been on a snow slope. It is essential that you are in reasonably good shape, which will help you retain your balance, without overworking your muscles and risking injury. To prepare for snowboarding, its best to stretch your muscles and do warm-up exercises before starting. As a beginner, you should never go alone and always start on the smallest slope, preferably with an instructor’s guidance.

Before you pack up and head off for your snowboarding adventure, it is important to make sure all of your insurance is up to date, including your health insurance and snowboard coverage. Be sure to talk with your insurance agent about what type of coverage you will need in the case of an accident or if something, such as theft occurs to your snowboard.

Residents of Centennial, CO who want to learn more information about snowboard insurance coverage, should contact Compass Insurance.

Boat Insurance Checklist

When getting insurance for your boat in Centennial, CO, there are some things to keep in mind. It is a smart idea to have a checklist in order to make sure you are getting the coverage you need. An agent at Compass Insurance can help you find the right insurance for your situation.

What Does Your Insurance Cover?

Comprehensive coverage will normally cover theft, accidental loss, or damage.

Do You Have Replacement Costs Covered?

If you want to replace your boat after an accident, you will need to have coverage that is for close to the current market value of your boat. You can adjust to account for depreciation at each renewal.

Lay Up Options

If you are not using your boat during a specific period of time, then you may be able to use this type of insurance so you can get a discount on your policy. You must keep in mind that you won’t be covered for any damage to your boat during this period.

Geographic Limits

Your insurance policy will have certain physical and water limits. If you want to take your boat around the country, you need to have a policy that will cover anywhere.

Trailer Coverage

If you have a boat, you likely have a trailer that goes with it. It’s a good idea to have coverage for your trailer, along with your boat insurance policy.

Accessory Equipment

This coverage should include your navigation equipment, lighting, and stereo system. A good policy will have coverage up to a certain amount and then have the options to purchase additional coverage.

No Mileage Restrictions

You don’t want coverage that restricts your mileage from where your boat is garaged or stored. Many policies should cover at least 75 miles and give you the option to increase if you need to.

Contact Compass Insurance serving Centennial, CO to find the right boat insurance.

What is Snowboard Insurance?

Visitors from all over the world come to the Centennial, CO area to enjoy the pristine mountain snows. A snowboard insurance policy from Compass Insurance ensures winter sports enthusiasts are protected throughout their adventure. What is snowboard insurance? Why do you need it?

What It Is

Snowboard insurance is a travel insurance product. Like all travel insurance policies, it protects vacationers financially in a number of different scenarios.

  • Baggage coverage pays for lost, damaged, or delayed luggage, including your snowboard and ski equipment. If your baggage is simply delayed, this coverage provides funds to purchase temporary replacement toiletries, clothing, and other essentials until your goods are recovered.
  • Cancellation coverage ensures you won’t lose your entire investment if your plans change at the last minute. All cancellation reasons may not be covered. Check your policy for specific details.
  • Medical coverage helps pay for treatment if you’re hurt during your getaway.
  • Emergency repatriation coverage pays the costs associated with search and rescue missions if things go wrong.
  • Equipment coverage pays for replacements or repairs on your skis and snowboards.
  • Trip interruption coverage reduces your lost investment if you have to cut your vacation short.
  • Travel delay coverage reimburses you for any extra expenses incurred due to problems with transportation. If you miss a connecting flight and need to stay in a hotel room overnight, this coverage will pay you back.

Snowboard insurance protects your financial investment in leisure activities. Coverage is available for different lengths of time. Those who travel frequently may consider buying a more permanent policy with fuller coverage options. It’s best to purchase your snowboard insurance policy as early as possible. This gives you the best coverage for possible cancellations and other potential inconveniences.

Planning a winter getaway in the Centennial, CO area? Contact the experts at Compass Insurance for more information on protecting your leisure time with snowboard insurance.