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.

4 Things to Know About Home Insurance

Getting home insurance is an important part of life, but it’s vital to get that insurance from a trusted company that you can rely on. Insuring your Centennial, CO home through Compass Insurance can give you peace of mind, so you can enjoy your home and not worry about whether you’re protected. If you’re not sure about the policy you’re getting, you can also talk to the knowledgeable agents at the insurance company to make sure you’re making an informed decision. Reviewing your policy periodically is important, as well, and with the right agent that’s much easier to do. Here are four other things you need to know about home insurance.

1. If you have a mortgage, you need a home insurance policy to protect you and the lender who holds that mortgage.

2. It’s generally good to have a policy for full replacement cost, in case of a total loss of your home.

3. The right agent and company can help you get the best policy for your needs, so you have enough coverage but not too much.

4. Even if your home is paid for, insurance is important to protect your investment and keep that investment safe.

Overall, you want to have a strong policy that protects your home from issues that could arise. If you work with the right company, you’ll have a much better chance of that and less to worry about. That higher level of peace of mind can be a good way to focus on the things that matter most to you, instead of worrying about your house. By insuring your Centennial, CO property through Compass Insurance, you have a great opportunity to get the right policy for your needs and keep your investment protected both now and in the future.

All about Snowboard Insurance Coverage

Snowboarding is both a recreational and professional activity that has grown its popularity in winter sports. The need for a specialized insurance to cover snowboarders is what led to the emergence of snowboard insurance. It’s intended to protect you from any unforeseen circumstances during your snowboarding activities. If you are interested in snowboarding, you’ve probably invested a lot in buying the necessary equipment, and insuring them with snowboard insurance from Compass Insurance is the most logical way to protect them and enjoy your snowboarding activities worry-free.
 
Even though snowboarding is a fun winter activity, accidents from this sport can be very severe, ranging from wrists to head injuries. It’s not mandatory to have snowboard insurance in Centennial, CO, but even so, it’s important to protect yourself from unknown risks. Some of the coverage options you can choose from include: 
 
Medical expenses: Covers you from any injuries sustained while snowboarding by taking care of the medical expenses. It can also include emergency rescue services such as air ambulance.
 
Loss of use: Coming in the form of monetary value, this part of your policy compensates you for the days that you’re incapable of snowboarding due to bad weather. 
 
Personal Liability: Covers you against any liability claims if you cause bodily injury or property damage to someone else during your snowboarding activities.
 
Equipment cover: It’s common to lose or damage snowboarding equipment like boards, boots, bindings, helmets, and much more. A good snowboard insurance should be able to cover you from such losses.
 
Whether you plan to snowboard all year round or just go for a single trip, Compass Insurance offers customized snowboard insurance that fits every snowboarder’s needs. Choosing the right coverage may be challenging, so, let our knowledgeable local agents help you understand what works for you. We service the areas of Centennial, CO and its environs. For more information, contact us today.

How Much Commercial Insurance Do I Need?

If you own a business, there are many different important decisions that you will have to make. One of the most important decisions that you will have to make as a business owner is the decision to buy commercial insurance. There are several factors that you will need to take into consideration when trying to determine how much commercial insurance you need.

Workers Compensation

One of the most important types of insurance that you will need for your commercial insurance policy is workers compensation. For businesses in the Centennial, CO area, as well as the rest of the state of Colorado, having workers compensation insurance is in place if you have one or more employees.  You will want to have enough coverage to ensure it comfortably covers your employee’s medical bills if they are injured.  

Liability Needs

When you are trying to determine how much commercial insurance you need for your business, you also need to consider your liability risk.  All businesses are taking on liability when they serve customers and have anyone to their place of business.  The amount of liability insurance protection you should have will need to be based on the potential loss that you could incur if someone is injured using your product or service. 

For those that are in the Centennial, CO area, choosing the right type of commercial insurance and the right policy amounts is a big decision.  While a business owner wants to make sure they have good coverage, getting too much is a waste of money.  For those that are looking to better understand their commercial insurance needs, speaking with Compass Insurance would be a great option.  Compass Insurance will help to explain to you what the right types of coverage and policy limits are based on the risks of your business. 

 

 

 

These Three Things Might Increase Your Auto Insurance Premium

Insurance companies spend years collecting information about your driving record, life, and estimated safety. Compass Insurance wants to give you the heads up on your auto insurance premium, and we intend to help you get the lowest prices possible.

As your Centennial, CO source of auto insurance, and we’re giving back to the community which made us successful. The three factors below might be unexpectedly boosting your auto insurance premium. Take them to heart, and keep your costs as low as possible.

Factor One: Your Vehicle’s Make and Model

Surprisingly, your vehicle’s type matters. As a general rule: More expensive vehicles cost more, insurance-wise. A sports car, for example, needs more coverage than a four-door family vehicle. If a vehicle is deemed to be “safer,” you’ll get lower quotes.

Factor Two: Your Area

In the eyes of an insurance company, not all areas are created equal. City drivers pay higher premiums than suburban drivers. The risk of vandalism, theft, and accidents is simply higher in city environments. If you’re living far away from any urban areas, you might save even more money on your insurance.

Factor Three: Your Claims History

You’re a valued customer, but you’re also an investment. Safe drivers can get lower premiums than drivers who’ve caused a lot of accidents. If you have an extensive history of insurance claims, you might have higher premium costs than most.

Make sure you’re paying attention to the road, and talk to your Compass Insurance agent if you have any questions. As your Centennial, CO auto insurance provider, we want to make sure you’re as safe as possible. Before picking an auto insurance policy, ask one of our providers what your estimated prices are. While costs differ on a driver to driver basis, you can likely get discounts for any number of reasons.

Should Expert Snowboarders Get Snowboarding Insurance?

At Compass Insurance, serving the greater Centennial, CO area, we are often asked many questions about snowboarding insurance. Here is a bit of information that those planning a snowboarding trip should know about this type of insurance. 

What is Snowboarding Insurance?

Snowboarding insurance is a type of vacation insurance. It does two main things. First, it helps to insure your trip in case of bad weather. If your flight is canceled or weather is so bad you cannot snowboard, snowboarding insurance helps to offset the costs so you are not out the money. For example, if your flight is canceled, it may be too late to cancel your hotel costs. The trip insurance portion of the coverage kicks in, covering the hotel expenses for you so you are not out the money. Secondly, snowboarding insurance covers your medical expenses if you are injured while snowboarding. This includes things like helicopter or ambulance rides to get you off a mountain quickly. 

Should Expert Snowboards Get Snowboarding Insurance?

Those who are expert snowboards may find themselves wondering if this is a type of insurance they need. This type of insurance can be beneficial, even for experts. Expert snowboards are just as likely to encounter bad weather which can wreck havoc on their trip or cause their flight to be canceled as anyone else. Secondly, while expert Snowboarders know how to snowboard, they can still injure themselves while engaging in this activity. As such, it can benefit them to carry this type of insurance going into their snowboarding trip. 

If you are a beginner snowboarder or an expert one, snowboarding insurance can be beneficial to you. Contact Compass Insurance, serving the greater Centennial, CO area today to price out the cost of insurance for your upcoming snowboarding trip. 

Does Boat Insurance Cover Damage To The Dock

Every property owner knows that accidents do happen. Your boat may bump into items on the way you did not see or suffer damage due to undercurrents. There is no cause for alarm; Compass Insurance Group has you covered when your boat collides with another boat or the dock as a result of strong winds or other factors in the Centennial, CO area.

Liabilities associated with collisions and dock damage are covered by most boat insurance plans. A lender may require insurance coverage for people with existing boat loans to safeguard their financial investment from liability for any loss until they’ve received full payment. Although some states do not require boat insurance, it is a requirement in most marinas for people docking their boat.

Boat Insurance Coverage

Most of the docks and other structures a boat collides with are built in such a way to withstand such impact, but it may eventually sustain damage due to other factors like climate change. As a result, accelerating while certain roping is still attached to the dock may cause damage. It is essential to maintain adequate boat insurance to handle costs incurred by such accident.

It is important to note that most insurance policies have coverage limits. Most insurance firms require you to carry out routine maintenance checks on boats and docks to ensure that they are structurally sound.

It is necessary to regularly update your insurance policy and maintain a high value that can cover all possible types of losses. It is desirable to be able to file an insurance claim than to have to handle liability and the cost of repairs from your purse. You can learn more about our policy at Compass Insurance Group and obtain needful coverage for enhanced boat protection in Centennial, CO. Securing the right boat insurance is key to having a pleasant boating experience.

 

Does Commercial Insurance Cover Fire?

Commercial insurance is a great idea for anyone that has a commercial property of any type. It is important that you take the time to really understand what your commercial policy covers so that you can be sure your property is fully covered. For those that live in the Centennial, CO area, the agents with Compass Insurance can help you find the right commercial policy and see just what it covers.

All in all commercial policies are pretty inclusive and cover a huge range of instances. This is to protect your business from all that may happen to it. Things like theft, vandalism, storm damage to the building and even injury to employees are all covered by a commercial policy. For those that do have a commercial policy, fire is also covered. Fire is covered to help protect the building as well as the contents of any one building.

This is to protect business owners so that they are not responsible for repayment entirely on their own. Most commercial policies will also help cover the cost of repairing and cleaning up after a fire as well. These policies will help you to replace inventory that is lost as well as any repairs that need to be done to the building following a fire. It may also help cover any injury that occurs during the fire if there are people inside and it can also help to cover other expenses that are associated with the fire and the clean up to get your business back to working order.

For those that live in the Centennial, CO area, the agents with Compass Insurance can help you to determine what your policy covers and what type of extra coverage you may need to help keep your commercial property fully covered and safe.  

The Importance of Business Interruption Insurance in Centennial, CO

Many commercial insurance policies are not as comprehensive as some clients need them to be. The professional agents at Compass Insurance understand the complexities that can come with obtaining the appropriate policy for business entities in the greater Centennial, CO area. Business interruption insurance often goes overlooked, and is not thought about until it is too late. Don’t let this happen to your business.

Business interruption insurance is helpful in cases where:

  • Loss or damage to the firm’s headquarters or other building that prevents the company to operate as normal,
  • Destruction of inventory or the means of conveying products to market, and
  • Theft of intellectual property or other disruptions to the firm’s products and market knowledge.

Appropriate business interruption insurance can make the difference between weathering a storm and having to fold your business. Additionally, many small business owners utilize personal assets, such as their home, to secure financing for their firms. Do not let an unforeseen situation cause your family to lose their home! Base-level commercial insurance policies may not provide the protection that you would be necessary to overcome many of life’s unforeseen obstacles.

Our agents recommend annual insurance policy reviews in order to determine if your coverage is growing with your business. As businesses grow and change, their insurance needs may also require adjustment. If you are just starting out and are looking for a comprehensive business policy, or you want ot ensure that your current coverage is adequate, the agents at Compass Insurance can provide the guidance you need.

If you are a business owner in the greater Centennial, CO area, the Compass Insurance company is here to help! Business interruption insurance can help give you the peace of mind that comes with knowing that your business will be protected.

Disaster Preparedness and Recovery Tips to Protect Your Property When The Unexpected Strikes

Centennial, Colorado is known for its refreshing, outdoor recreational areas that are enhanced by stunning vistas of the nearby Rocky Mountains.  However, its rolling hills and ravines can present challenges when natural disasters strike.  Throughout the years, Colorado residents have experienced a number of these hazards that include floods, fires, earthquakes, blizzards and even avalanches.  Here are the two most likely natural disasters that you’ll face in Centennial, Colorado, and ways to prepare for them.

Floods

Most of you have flood insurance, but you’ve perhaps forgotten the specifics of your policy.  Now is the time to go over your paperwork and contact your Compass Insurance Group agent if you have any questions about gaps in coverage for your home or commercial property.  Some things that may not be covered by your basic flood insurance policy are:

  • Finished basement furnishings and fixtures

  • Valuable paperwork that you could’ve protected

  • Mold damage that you could’ve prevented    

  • Septic tanks  

For those of you who are waiting for an alarming weather forecast before obtaining flood insurance, be aware that your property will not be covered until 30 days after you obtain the policy.  Now is the time to protect your real estate investment from flood damage.  

Wildfires

The personal safety of you, family members and colleagues should be of primary importance when it comes to wildfire disaster preparation. You want to have designated evacuation routes and meeting spots identified ahead of time. It’s best to conduct evacuation drills with your family or co-workers periodically to keep them ready for actual incidents.  Create emergency supply kits that you can take with you if you need to evacuate quickly.  Here are some things that your kit should include:

  • Three-day supply of potable water and non-perishable food

  • Change of clothing

  • Hygiene and sanitation items

  • Copies of valuable paperwork

  • battery operated radio

Final Thoughts

Natural disasters usually represent trying times for everyone. However, doing some upfront planning can ensure that you keep your sanity and more of your money intact. Call your Compass Insurance Group agent to find out the best ways to insure your home or commercial property against flood and fire hazards.