Category Archives: Auto
Congratulation Class of 2013 With great accomplishments, often new responsibilities are realized. From an insurance perspective, I have provided a few topics to consider that may have an effect on your need for protection.
Auto Insurance – Rewarding yourself with a new car, moving out of the house, or relocating for a new job? Make sure you talk with your insurance agent – you coverages may be affected, or require changes to continue protection.
Renters Insurance – Protecting the stuff you value most, most college grads do not take advantage of the low-cost of obtaining renters insurance. As low as $15/month, This coverage can provide replacement of your personal belongings if loss occurs from fire or theft. Most renters policies provide coverage for personal liability for added protection.
Life Insurance – OK you’ve landed the “Big Job”. Your employer may offer Group Term Life insurance as a benefit of employment. However, this is seldom enough coverage needed to cover those school loans, car loans, mortgage on a new home. Talk with your insurance agent about the benefits of your own personal life insurance policy.
Wonder if one of your perceptions about vehicle insurance is myth or fact? Talk to a local agent. They can provide answers and help you determine which coverages are right for your business. Choose an Agency with the heart of a teacher. Be an informed client. Remember that your Agent works for you.
Myth 4: Your employees are covered when they drive your business vehicles.
Fact: Some vehicle insurance companies will only extend coverage to drivers who are specifically named on the policy. Make sure your insurer allows “permissive use,” which means that all of your drivers are covered as long as they have your permission to operate the vehicle. Check your policy carefully – Don’t Assume.
Fact: Most companies use part-time or contract adjusters to handle commercial vehicle claims, which can slow down the time it takes to get your vehicle back on the road and in business. Independent Insurance agents like Gilliland Insurance Group can help you find carriers that handle 100 percent of its commercial vehicle insurance claims with its own staff of in-house commercial insurance experts, making sure claims are processed faster than other insurers that outsource this work.
Your vehicles are the backbone that keeps your business up and running. But when it comes to the insurance for those vehicles, there may be some misconceptions floating around out there. For example, you might have been told that it’s okay to cancel your vehicle insurance in the off-season, or that all of your drivers are automatically covered by your policy. To help you get to the facts about commercial auto insurance, we’ve collected some of the more widely-held misconceptions and uncovered the truth about them–along with some tips on how to make sure you have the right coverages for your business: Check back each day to learn all 7 Myths.
- Myth: It’s cheaper to cancel your insurance if you have a seasonal business.
Fact: Not necessarily. If you cancel your insurance policy, your stored vehicles won’t be protected. A Comprehensive-only policy provides coverage for a business that doesn’t need liability coverage during certain months, but needs basic protection against incidents, such as vandalism, theft, falling tree branches, hail, etc. This is ideal for vehicles that sit for long periods during off-season.
Plus, a Comprehensive-only policy provides continuous insurance which may save you money in the long-run. If you drop your insurance completely, you may pay significantly more to purchase a new policy when your peak season rolls around because most insurance companies ask for proof of continuous coverage to get you the best rate.