insurance protects you against financial loss if you have an accident.
It is a contract between you and the insurance company. You agree
to pay the premium and the insurance company agrees to pay your losses
as defined in your policy.
Auto insurance provides property, liability and medical coverage:
Property coverage pays for damage to or theft of your car.
Liability coverage pays for your legal responsibility to others
for bodily injury or property damage.
Medical coverage pays for the cost of treating injuries, rehabilitation
and sometimes-lost wages and funeral expenses.
An auto policy is comprised of six different kinds
of coverage. Most states require you to buy some, but not all, of
these coverages. If you're financing a car, your lender may also have
Most auto policies are for six months to a year.
Your insurance company should notify you by mail when it's time to
renew the policy and to pay your premium.
What determines the price of my policy?
Your driving record
Number of miles you drive each year
Where you live
The car you drive
Amount of coverage
What can I do if I can't find coverage? In this case you have two
State assigned risk pools
Private insurance company that specializes in "high - risk"
Should I purchase an umbrella liability policy?
If you are ever sued, your standard homeowners or auto policy will
provide you with some liability coverage, which pays for judgements
against you and your attorney's fees, up to an amount set in the policy.
However, in our litigious society, you may want to have an extra layer
of liability protection. That's what a personal umbrella liability
For about $150 to $300 per year you can buy a $1
million personal umbrella liability policy. The next million will
cost about $75, and $50 for every million after that.
There is a very good chance that you are paying
too much for your car insurance. There is an even better chance that
you could get a better rate, from another insurance company, than
you could from your existing insurer.
You can save on auto insurance in five ways:
Make sure you get all discounts you qualify for such as, low -
risk occupation, professional organizations, combined coverage,
and senior citizen
Keep your driving record clean
Adjust your coverage to assume more risk such as raising your
Drive a "low profile" car equipped with certain money
- saving safety features
Shop around for a good, low cost insurance provider
Our associates are ready to assist.
With Kindest Regards,