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Home Owners Insurance Quote
We never think that fire, flooding, or robbery can knock on
our door but when is does, it can be devastating.
Auto Insurance Quote
Auto insurance is for your protection, providing the
financial resources to deal with harm to you and your auto.
Health
Insurance Quote
Health insurance is for your protection providing resources
for when medical or dental issues arise.
Wedding Protector Plan
Wedding insurance helps make things right if certain
unfortunate, unforeseen events should occur during the
period leading up to and including the wedding day. To
learn more, visit
www.agentprotectmywedding.com or call us.
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Auto
insurance is for your protection, providing the
financial resources to deal with harm to you and your
auto, avoiding catastrophic losses and shielding your
assets from liability if you are at fault in an
accident. Regardless of where you live, there are common
elements of standard auto insurance.
Limits of liability
If you are liable (at fault) in an accident, the
liability components of your policy protect you against
bodily injury and property damages caused to third
parties in the accident, including legal bills. You and
other family members covered in your policy are
considered first parties. Your insurance company is the
second party.
Liability coverage limits are commonly expressed in two
ways: single limit and split limit. A single limit is
the maximum an insurance company will pay for all third
party bodily injuries and property damage. A split limit
is expressed as a series of three numbers, such as
100/300/50. The first number, 100($100,000) equals the
maximum third party bodily injury coverage per person.
The second number, 300 ($300,000) equals the maximum
total third party bodily injury coverage per accident.
The third number, 50 ($50,000) equals the maximum amount
payable for damage to property of others. Some states
have established minimum levels of liability coverage
you must purchase. But these minimum levels, although
legal and inexpensive from a premium standpoint, are
rarely sufficient for any household with assets to
protect.
Collision and comprehension
Collision coverage pays for damages to your vehicle. The
maximum amount of collision protection is usually
limited to the depreciated value of your auto, which is
not the same as the auto's replacement cost. Collision
coverage is normally the most expensive component of
auto insurance. If you can afford it, you can cut your
premiums by selecting coverage with high deductibles,
say $500 or $1,000 for example, meaning that you pay
this amount of collision-related repair costs and your
insurance pays the rest, up to the determined value of
your vehicle. Comprehensive coverage pays for
non-collision damages to your auto, including theft,
glass breakage, vandalism, animals, falling objects, and
natural disasters. Check with your agent about
deductibles.
Remember, payment is made for what your auto is
currently worth (it's market or "book" value), so it's
helpful if you have a rough idea of this amount. This
knowledge can help you determine the best deductible for
your policy. The National Automobile Dealers Association
publishes the Official Used Car Guide, which is updated
each month. Many public libraries have copies.
Medical payments
Pays medical expenses for people covered under your
policy ("first party" expenses). These expenses can stem
from accidents in your auto, accidents in other vehicles
driven (with owner permission) by you or other family
members and auto injuries when you or family members are
pedestrians. These payments are made regardless of who
is at fault, but your insurer may seek to recover the
loss from the other party if that party is liable for
the accident.
Underinsured and uninsured motorists
Underinsured coverage pays for injuries if you are hit
by a driver who's bodily injury limit is not sufficient
to pay your medical bills and is lower than the amount
of liability insurance you carry. Uninsured coverage
pays for injuries if you are hit by a driver with no
auto insurance, and includes injuries from a hit-and-run
motorist. Costs are relatively little and these
coverage's are required in many states. Uninsured and
underinsured property damage coverage's are also
available.
Discounts
Discounts are made available depending on certain
factors. A good driving record, plus auto safety and/or
security features help reduce premiums. Most companies
offer a discount when you place both your auto and home
insurance with them.
Add-on Features
Several supplemental auto coverage's are available,
either as separate premium items or included in
augmented policies. Here are some examples:
Rental reimbursement, a common add-on, covers vehicle
rentals required because your auto is damaged or stolen.
Towing and labor coverage for charges in case of a road
breakdown is also common.
Auto loan/lease coverage, an add-on that provides
coverage for the difference between the unpaid balance
and the actual cash value of the vehicle (in the event
of a total loss). Certain conditions and requirements
apply.
Automobile death indemnity and total disability is a
relatively new coverage, and quite inexpensive. Contact
us for details.
Boat, Motorcycle, and RV coverage can always be added
to your property insurance immediately after the
purchase. |
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