Liability insurance covers damage to others if you are at fault in an accident. Full coverage includes liability plus collision and comprehensive coverage, which protects your car regardless of fault.
Yes, you still need auto insurance, even if your car isn't on the road. You can reduce coverage to comprehensive, which covers theft or damage while your car is parked.
Term life insurance provides coverage for a specific period (10, 20, or 30 years). It's ideal for those who need affordable coverage for a limited time to protect dependents or pay off debt.
Consider your dependents' financial needs, any debts, and your income replacement needs. You may want to cover at least 10 times your annual income, plus any existing debt.
A deductible is the amount you pay out-of-pocket for healthcare services before your insurance starts covering the costs. Higher deductibles usually mean lower premiums.
General Liability Insurance covers claims of bodily injury, property damage, or personal injury that happen during your business operations. It protects your business from lawsuits.
Commercial auto insurance covers vehicles used for business purposes, such as transporting goods or clients. It provides higher liability limits and broader coverage than personal auto insurance.
Yes, if you use vehicles for business, including deliveries, you'll need commercial auto insurance. It covers accidents and damages that occur while you're conducting business.
Yes, you can modify your auto insurance coverage at any time. However, some changes might affect your premium rates, so it's important to review your options before making adjustments.
Insurance Tips
Consider raising your deductibles for a lower premium, but make sure you can afford the out-of-pocket costs if needed.
Check for discounts like safe driving, anti-theft devices, and bundling policies for auto and home insurance.
When purchasing life insurance, evaluate your family's long-term financial needs, such as education and housing costs.
Always update your beneficiaries when life events occur, such as marriage, divorce, or the birth of a child.
For health insurance, compare plans during open enrollment to ensure you're getting the best coverage for your needs.
Review your general liability insurance periodically to ensure your business is covered as it grows.
Keep detailed records of any damages or losses to make filing claims easier and faster.
If you're self-employed, ensure that your business is properly covered with the right mix of liability and property insurance.
Don't overlook your vehicle’s maintenance as it can affect your coverage and safety on the road.
Life insurance can be a great way to protect your family's financial future. Term life offers affordable coverage for temporary needs.
Review your health insurance annually to make sure your doctor is in-network and your prescriptions are covered.
For auto insurance, keep a clean driving record to qualify for discounts on your premiums.
Consider combining your home, auto, and life insurance policies with one provider to save on premiums.
Always shop around for the best rates before renewing your insurance policies.
Get an annual insurance check-up to ensure you're adequately covered for any new life or business changes.
Don't wait until the last minute to buy insurance; getting coverage ahead of time can help avoid costly mistakes.
Understand your health plan’s network and coverage limits to avoid surprise medical bills.
Consider adding umbrella insurance for extra liability protection beyond your primary policies.
Consider installing a dashcam in your vehicle to provide evidence in case of an accident, which can be helpful for claims.
If you're a business owner, ensure your commercial auto insurance covers hired and non-owned vehicles used for business purposes.
Keep your insurance policies and paperwork organized and easily accessible for emergencies or claims.
Don't forget about renters insurance. It can protect your personal belongings and liability if you rent an apartment or house.
To avoid fraud, always report any accidents, injuries, or damages to your insurance company promptly and accurately.