What to Ask your Insurance Company

Finding the right insurance for you can be a long and complicated process. As the paper pusher at a large auto repair shop, I have been on both ends while talking with insurance companies and clients. Often what you think you have in your coverage, you don’t. It is important to know your policy. Below is a compiled list of specific questions that should be asked when signing with your insurance company (or broker).  Instead of asking, what does my policy cover, ask these questions instead:

Rental Coverage

Am I covered for at-fault accidents?

At-fault accidents could mean single vehicle accidents (you hit black ice and ran off the road), deer hits,  or you hitting someone else. As well, even if you are hit but you have no proof (trust me, it happened to me) since you didn’t grab the licence plate as you are spinning uncontrollably on a major highway, they could deem it as a one-vehicle (read: at-fault) accident.  Not all insurance companies cover you if you are at-fault. Make sure you ask if you are, and how much it is to include it on your policy.

Who is covered for rental insurance under my policy?

Most insurance companies will cover a rental for anyone under your policy. So, if you have a policy with Insurance Company A, your partner or child with Insurance Company B, and your partner gets into an accident, often you cannot drive or pick up the rental under their name as you are not on their policy.My child is under the age of 21 years old. Most rental companies will not rent to youth.

If s/he gets in an accident, will my child get a vehicle?

This is one I saw over and over. People have been paying for their son/daughter’s rental coverage for 5 years and their child was not entitled to a rental vehicle due to their age. This is only really an issue if the child has their own vehicle and/or different insurance company. If you all share a vehicle, you will want to all be under the same policy to ensure that you can pick up the rental vehicle on their behalf (though they still won’t be able to drive it). Why pay something for years if you cannot use it?

Deductible Coverage

What are my two deductible rates?

You can often set two different deductible rates with your insurance company. There are two different coverage points – comprehensive and collision. Collision is a two car collision, whether you cause the accident or not, or one car collision (such as hitting a guard rail). Comprehensive covers the rest – animal hits, trees falling down in storms, theft, and vandalism. The higher your deductible, the lower your monthly premium. However, if you ever need to use your insurance policy, you will be responsible for the deductible depending on the situation. If you have a $1000 deductible in place, you will often be responsible for paying the repairs up to $1000. …

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Dump Truck Insurance

Dump trucks are grouped as substantial commercial vehicles and accordingly there are unique considerations to consider while getting dump truck insurance. Insurance agents take a gander at not just the dump truck itself, yet how hazardous the materials being transported are, the driving record of the employee in the truck and frequently even what personal things the employee may have in the taxicab. Study the variables business managers must consider while looking for dump truck insurance.

Personal and Commercial

Any vehicle, for example a car, get truck, or Suv could be grouped as a personal or commercial vehicle. A personal vehicle is for personal, private use and a commercial vehicle is used for business. For instance, a person could lawfully use a Suv for a service grabbing individuals from runways and dropping them off at lodgings; that Suv might need to be insured as a commercial vehicle. Dump trucks are arranged as overwhelming commercial vehicles and obviously, all possessors of commercial vehicles are legitimately required to have insurance, just as holders of personal vehicles seem to be.

Commercial Heavy Vehicle and Fleet

The point when a business possesses four or more commercial vehicles, the dump truck insurance is implied as Fleet Insurance. An insurance agent can discuss insuring the “Fleet,” significance the greater part of the dump trucks, in one bundle. Because dump trucks are commercial substantial vehicles (as are tractors, conveyance trucks and others), managers buy Commercial Heavy Vehicle or Fleet insurance to cover them. Commercial Heavy Vehicle insurance contrasts from personal auto insurance in what it offers. Case in point, the cargo itself (whatever you are carrying in the dump truck) will influence the premium. A few companies offer the choice of covering personal property left in the dump truck as a component of the commercial insurance. It is additionally vital that a few companies will offer to pack physical damage, general liability and cargo in addition to trucker liability into one dump truck insurance bundle. Ask questions while looking to guarantee you know about all alternatives offered by various insurance companies.

Considerations

Any Commercial and Fleet Auto Insurance company will consider particular things while figuring a premium. Notwithstanding issues of the commercial vehicle itself, the agent will inquire as to the employees that drive the dump truck. For instance, the driver’s age, driving record and driving background, and in addition to what extent the employee has been driving for you will all influence the premium. What number of years you have been in business, what you pull in the dump truck and even where you pull it are additionally imperative while figuring what insurance you require and what amount you will pay for it. While looking for dump truck insurance, address each question as intensively as would be prudent. Precluding qualified data for any excuse for why can bring about a higher premium.

Benefits of Dealing with Big Companies

Bigger insurance companies, for example State Farm, Progressive, and Aaa (to name a couple of) have numerous assets …

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Commercial Vs. Personal Auto Insurance

A commercial vehicle is one that is used basically for business. The decisive word in the definition is “fundamentally,” because the same vehicle may be used for both personal and commercial purposes. It is critical to legitimately separate a personal vehicle from a commercial one for two explanations: to start with, you are required by law to carry commercial vehicle insurance for all commercial vehicles; and second, commercial vehicle insurance is considerably more unmanageable than insurance for personal vehicles.

Essential Use

In the event that you use the same vehicle to drop your children to class and run business errands, the vehicle is arranged as either a commercial or personal vehicle dependent upon its essential use. For instance, in the event that you claim a car that your business uses to every so often transport products or employees, however is principally used by parts of your household, the car is ordered as a personal vehicle. Additionally, vans used by a business to convey products to customers and transport employees are arranged as commercial vehicles.

Essential Drivers and Vehicle Type

Separated from essential use, you can recognize between a commercial vehicle and a personal vehicle dependent upon the vehicle’s sort and essential drivers. In the event that a vehicle is essential driven by you or parts of your household, a personal auto policy may be satisfactory. Notwithstanding, if the vehicle is basically driven by your employees or associates, you will require a commercial auto policy. Furthermore, a few sorts of vehicles, for example concrete blenders, refrigerated trucks, flatbed trucks, cargo vans, traveler busses and tow trucks, must dependably be covered with a commercial policy.

Risk

Personal auto policies are not satisfactory for commercial vehicles because insurers push coverage dependent upon the risk connected with the vehicle, and they consider commercial vehicles riskier than personal vehicles. While determining the measure of premium to charge a customer, insurers consider the risk that the vehicle will be included in an accident. The insurer uses the vehicle’s risk level to assign a premium measure that is similar with the risk of covering the vehicle. From the insurer’s point of view, a commercial vehicle is esteemed to carry higher risk, primarily because of how it is worked. Also, a commercial vehicle is regularly driven a larger number of miles than a personal vehicle over the same period, which quickens its wear and tear, expanding the probability that the vehicle will be included in an accident. Understandably, insuring a commercial vehicle with a personal policy might go against the “higher risk, higher premium” run the show.

Cost Factors

Because coverage for commercial vehicles is more unmanageable, you ought not buy a commercial policy for a vehicle that can legitimately be insured with a personal policy. Commercial auto insurance rates hinge on a number of variables, and you might as well think about quotes from some insurers before purchasing coverage. Most insurers take a gander at some variables incorporating the sort, condition, make and model of the vehicle; …

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