Unless you’ve taken time to look up information about auto insurance or have gotten a policy for yourself, you might not know a lot about it…and that’s okay! In my experience, there are some common questions that get asked frequently.
Since most insurance coverage is connected directly to the car, if someone else borrows your car occasionally, he or she should be covered under your policy. Yet, your premium is based on both your vehicle and the “primary” driver of that car—you. If someone else starts driving your car more than you do, contact us to have them added to your policy to avoid coverage complications.
When you borrow someone else’s car and are involved in an accident, his or her insurance will kick in first. However, beware of driving someone’s car if he or she has little or no insurance, as your policy could be triggered once their limits are exhausted.
Your homeowners insurance policy provides coverage for personal property, regardless of where you are. However, if your golf clubs are old, consider buying a replacement cost endorsement for your personal property. This way you will get what it costs to replace the golf clubs, less the applicable deductible.
Yes, because when your college students come home to visit, they will have access to the family car. You may be eligible for reduced premiums if the college is more than a certain distance (100 miles, for example) from your home. Check with us on specifics.
Your collision coverage or your uninsured motorist property damage coverage pays, if you bought it. Either way, you’ll have to pay a deductible.
Yes. The liability portion of your insurance policy guarantees your insurance company will defend a claim or lawsuit on your behalf, up to your policy’s limits of liability.
No. Rental reimbursement is for cars that are being repaired as a result of accidents or other insured damages (such as storm damage).
Some auto insurance policies exclude coverage for losses of media players and other sound transmitting or receiving equipment used in an automobile. For added protection, check with us about purchasing additional coverage for the stereo and media players used in your vehicle.
If you’re unsure about the type of coverage you have, it doesn’t hurt to review your policy every couple of years. Having the right vehicle coverage, policy limits and deductibles in place is an important part of financial planning.
This article was published in the Spring 2019 issue of the General Insurance Services Risk & Business Magazine. Access the full publication here
Michelle joined GIS in April of 2018 specializing in personal insurance in our Valparaiso office. Michelle grew up in Valparaiso and graduated from VHS. She later graduated from Don Roberts Beauty School, and began a 17 year career in the beauty industry. She currently resides in Morgan Township with her high school sweetheart husband, Jordan, and two fun loving boys. In her free time Michelle enjoys volunteering at Valparaiso Nazarene Church, watching baseball, running and spending quality time with friends and family.