If you’re getting ready to take your boat or watercraft out onto Colorado waterways, it’s important to make sure you have the right coverage. Integrity First Insurance is here to help with that, along with providing peace of mind. Before you get out into the rivers and lakes, take the time to work with a trusted agent on the boat/watercraft insurance policy that’s right for your needs. Understanding what the state requires, and what additional coverage options you might want, can help you feel secure.
Boat/Watercraft Insurance: What You Need To Know
Your boat or other watercraft needs protection against various types of harm, including natural and manmade risks. The right type and level of coverage will give you that, so you can spend time enjoying the weather, instead of worrying about insurance. You also want to make sure you’re covered for any kind of damage you might accidentally cause with your boat or watercraft. It’s much easier to have fun out on the water when you don’t have worries about other boaters and watercraft users in your area.
By reaching out to Integrity First Insurance, you can get the Colorado boat/watercraft insurance you need. When you couple that with a good tune-up on your boat or watercraft, you’ll have covered important areas before you get out on the water. Whether you’re going out by yourself, or taking friends and family along with you, the feeling of confidence that comes from security can be an important part of enjoying the summer months.
Give Us A Call
Contact Integrity First Insurance today, and get the information you need from knowledgeable agents you can rely on. The more you know about coverage for your boat or watercraft, the more easily you can make good decisions about insurance policy options. Then the only ohter thing you’ll need to do is head out to the water and enjoy.
According to Colorado Parks & Wildlife, an E-bike has 2 or 3 wheels, fully operable pedals, and an electric motor that doesn’t exceed 750 watts of power.
There are 3 classes of E-bikes:
Important Colorado E-bike laws:
Electronic bicycles are not required to be registered
There are no license requirements for E-bikes
Generally speaking, Class 1 and 2 E-bikes are allowed to operate on the same paths as conventional bikes, thought local jurisdictions can prohibit operation on specific paths
Class 3 E-bikes are only allowed on streets and bike lanes, unless specifically permitted by local jurisdictions
There are different rules pertaining to State Park or Wildlife Areas
E-bikes must ride in the right-hand lane when traveling a less than the normal speed of traffic on a roadway
Riders must signal intent to turn or stop and yield the right of way to pedestrians
One hand must be kept on the handlebars at all times
Class 3 E-bikes have the following age and helmet restrictions:
Operators must be 16 or older (passengers can be under 16)
Operators and passengers under 18 must wear a helmet
Does an E-bike have to be insured?
The short answer is no. There aren’t any legal requirements to insure an E-bike. That being said, if you have a loan on an E-bike, your lender will likely require you to carry insurance on it.
Even though you’re not required to have insurance on an E-bike, it’s important to at least have liability coverage. You can go faster on an E-bike than you might otherwise travel on a conventional bike, which makes the risk of crashing a little higher. If you hit a person, fence, house, mailbox, or something else, you could be responsible for the damages. Liability insurance will help you pay for those damages if a situation like that arises.
If you’ve paid a pretty penny for your E-bike, it probably makes sense to get adequate insurance for it. That way if it gets stolen, damaged in a fire, you’re in an accident, or something else happens, you’re not left empty handed.
How to insure an E-bike:
Many homeowners policies will afford some amount of coverage for an E-bike. Some policies may only extend liability, whereas others have a special limit of physical damage coverage included and some may not extend any coverage at all. Each insurance carrier has their own guidelines, so be sure to check what coverage you have on your policy.
Keep in mind that most home policies have a deductible of $1,000 or higher, so if you’re counting on your home policy to cover any damages to your bike you’ll need to cover your deductible before your policy pays out. Depending on the value of your E-bike and your home insurance deductible, it might not make sense to insure it on your home policy.
Many E-bikes cost several thousand dollars, so a total loss might exceed your deductible. But if a $1,200 E-bike was stolen, that’s not a claim I’d recommend filing on a home policy. You’d only get $200 from that claim example, which isn’t worth having a claim against your home insurance since it would likely cause your premium to increase for up to 5 years.
If you don’t have a home policy or if your policy doesn’t provide the coverage you’re looking for, you can generally insure and E-bike on a motorcycle policy. One benefit of that is that you can choose a lower deductible, like $500 or even lower.
Another plus is that you can file a claim without it impacting your home insurance. A claim for a stolen E-bike wouldn’t cause your motorcycle premium to increase like it would if you filed a claim on your home policy.
Insuring an E-bike on a motorcycle policy would also give you the option of Medical Payments and Uninsured Motorist coverage, both of which can be extremely valuable. Medical Payments coverage can help pay for your injuries, regardless of whether you’re at fault for a loss. The limit is usually $5,000 per person, but limits can vary.
Uninsured Motorist coverage will help cover your costs if you’re not at-fault for in an accident and the other person doesn’t have enough coverage. You can get Uninsured Motorist coverage up to the bodily injury liability limits on your motorcycle policy.