Sunday, February 11, 2018

Breaking Down Car Insurance Terms and What They Mean

Breaking Down Car Insurance Terms and What They Mean:

Bodily Injury Liability:

Bodily Injury (B.I) is a coverage that is required by law in most states. If you cause an auto accident that injures someone else, your B.I helps pay for their medical expenses and loss of wages due to their injury. This can also help pay for legal fees if you're sued.

Property Damage:
Will help you pay for damage caused to someone else's belongings. Examples would include another vehicle, mail-box, or guard-rail.

Medical Expense:
Can help you or passengers in your vehicle pay medical bills & funeral expense if hurt in a car accident.

Collision Coverage:
Can help you pay to replace or repair your vehicle if it's damage from a collision with another vehicle. It also covers coming in contact with an object, or single vehicle crashes that involve rolling or falling over. In most collision claims you are in the vehicle operating it.

Comprehensive Coverage:
This coverage is offered to protect damage to your car when something happens other than collision. Things like hail, theft, vandalism are examples of what falls within this. Common in Albemarle County are crashes where a deer is involved. Deer and glass damage are both also considered comprehensive. While the City of Charlottesville is pretty busy, there are still deer that find their way into the roads in this area too. While less common than the back roads of Albemarle.

Rental Car Coverage: It's important to ask yourself if you will be okay without a vehicle for a couple of days when your car goes in for repairs. If you don't have backup means of transportation adding rental coverage is important to have in place.

These are just a few items that you'll want to go over at your next insurance review. Book a review with the Harper Charlottesville Allstate office today! 

Thursday, February 1, 2018

End of 2017 Insurance blog update

Auto insurance blog update written: 12/30/2017

With Charlottesville receiving its first dusting of snow on the last weekend of 2017 - I am reminded of sledding and building snow forts as a kid. We'd often spend all afternoon outside crafting the perfect sled track. Some nights we would stay out late dumping buckets of water of them in hopes of it freezing extra slick by morning.

As kid's we don't think of all that can go wrong. It's endless possibilities and excitement with most imagined outcomes being positive ones. As we grow older we become wiser. Learning from experience we gain knowledge that allows us to prepare better against possible misfortune.

I really enjoy talking with clients and finding out what their hopes and dreams are for the future. It's often time spent talking about destinations, hobby's, and the quality of life imagined for retirement years. The first step to a successful retirement plan is a vision of desired results.

Don't underestimate the power of time and compound interest when you're first getting started. $50-$100 may not seem like a lot to set aside on a fixed budget, but over time this can help supercharge your savings.

Protect yourself from any setbacks by carrying the right car insurance and coverage for your home. With so many companies pitching savings and price while getting a quote - sometimes the most important part of the discussion gets lost.

Statistically, you might find yourself only REALLY needing your insurance once or twice in your lifetime. That is not when you want to find out that saving $10 a month will now cost you $50,000 later. Work with an agent and get on the right track.

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