Posts made in August, 2016

Key Points to Consider When Evaluating Auto Insurance Quotes

Posted by on Aug 30, 2016 in Uncategorized | 0 comments

Key Points to Consider When Evaluating Auto Insurance Quotes

It’s that time again, your auto insurance renewal is approaching and you want to shop around to ensure you’re getting the best value for your money. Shopping around for auto insurance is the best way to make sure you are getting the best value. However, not every agent or insurance company quotes in the same way. It’s important to be sure you are evaluating the quotes carefully to ensure you are you are not sacrificing essential coverages for a lower premium. Learn how to compare auto insurance quotes for a truly good rate. Take a look at our key points to consider when evaluating auto insurance quotes What’s the policy term? Some rates look absolutely incredible-until you realize the policy term is only six months. Some companies offer different policy terms as well as different payment plan options. If you plan to make monthly payments on your policy, be sure to ask for the monthly premium. It isn’t necessarily as simple as dividing a yearly premium by twelve. Many insurance companies charge fees for the privilege of paying your premium on a monthly basis, which can make the total yearly cost of the policy higher than quoted. What are the coverages? When you read over an auto insurance quote (and do read it-ask for it to be emailed or faxed to you, as mistakes can be made over the phone!) look to be sure that the numbers listed for liability limits, uninsured motorist coverage, and the comprehensive and collision deductibles match up. Then look for additional coverages that are listed on the quote, such as roadside assistance. Make sure that all of the quotes you compare list exactly the same coverage, for accurate comparison. What are the discounts? An auto insurance rate may appear lower because it was quoted with a discount such as auto/home which you may not necessarily qualify for or desire. If you don’t plan to take out a homeowner’s policy with the same company, make sure they haven’t quoted it that way. Also check for other discounts; they won’t all match up, as every company offers different discount options. The best thing to do is to compare which discounts you do qualify for, with each company, to help determine who is offering the best discounts. Be on the lookout for discounts that don’t actually apply to you and will likely be removed by underwriting after you accept the policy. A good quote will be simple, straightforward, and easy to read. It will outline all of the coverage included in the quote and apply only those discounts for which you truly qualify. An inaccurately low rate in the quote won’t do you much good if it changes once you accept the policy. For more information or to receive a quote, give us a call today – 661-235-5885....

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What Does Your Commercial Auto Policy Cover?

Posted by on Aug 15, 2016 in Business Insurance, Uncategorized | 0 comments

What Does Your Commercial Auto Policy Cover?

While you’re selective in choosing the people you hire, everyone makes mistakes.  Unfortunately, when someone is driving a vehicle owned by your company, you can be held responsible for those mistakes. Commercial auto insurance makes certain that your business assets won’t are protected when accidents happen. You count on a commercial auto policy to protect your business from liability risks that could be incurred when you or an employee gets behind the wheel for business purposes. In order to get the most from your commercial policy, you need to know what it covers, and more importantly, what it doesn’t. When setting up your commercial policy, it’s important to ensure that every potential driver who might get behind the wheel is listed on your policy. As new employees join your company, you will need to contact your insurance agent and make sure they are added to the policy. If anyone who is not listed as a driver gets behind the wheel, you run the risk of being denied coverage in case of an accident.  A commercial auto policy can and will protect all of the drivers in your business, but only if they’ve been properly added as insured drivers. Two of the most common types of commercial auto policies are: Fleet and Individual. Under an individual policy, a specific car owned by your business is covered for liability as well as other options you might choose. When you have a fleet policy, you will have a single policy that covers every vehicle owned by the company. Much like adding new drivers, you should be certain to add and remove vehicles as needed to keep your policy up to date. A commercial insurance policy covers you for property damage and injuries to others that occur as a result of the actions of a covered driver. This means that if your employee is found to be at fault in an accident, the commercial auto policy will kick in and protect your business assets in the event of a lawsuit for damages. Why does this matter? Because if you don’t have the coverage you need, your business could face financial ruin. When a business is involved, lawsuits are more likely; injured parties see the likelihood of a higher financial payout. Your commercial auto policy protects you from this sort of lawsuit, providing coverage for the liability you take on when you let employees drive your vehicles. A commercial auto policy also protects you from damage that can be done to the vehicles you own in the course of business use. Vehicles that are on the road more often-as many business vehicles are-are at a higher risk of being damaged. Your commercial policy protects you from errors made by your drivers, theft, vandalism, and other damage. For more information on commercial auto insurance or to schedule a review of your current policy, contact us today at: 661-235-5885....

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