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What Auto Insurance Does and Does Not Cover

Confused about what exactly your auto insurance policy covers and does not cover? You are not alone. According to BankRate, a survey conducted in 2010 by the National Association of Insurance Commissioners showed that about half of Americans do not know basic facts about auto insurance. This survey also found that only 45 percent of Americans feel confident making decisions about it. Our agents at Elite Insurance Solutions can answer your questions about what your auto insurance policy does and does not cover, and we would like to share with you some facts you should know to determine how well your automobile is covered.

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RENTAL CAR COVERAGE

Consumers have been confused on whether or not they should add rental car insurance when renting a car. Your regular auto insurance policy should cover any damage to the rental car if you have an accident; however, the rental company can also charge you for loss of use as well as for 45 days of using that vehicle. Neither of these are covered by your regular policy.

ITEMS LOCATED INSIDE YOUR CAR

The FBI claims that more than 2,000 vehicles are stolen every day in this country. If you have comprehensive auto insurance, you will be compensated for your car but not any items that were in your car at the time of the theft. If your laptop was in your car when it was stolen, you will not be compensated by auto insurance.

DRIVERS YOU LIVE WITH

While most auto insurance policies will cover losses that occur if you loan your car to a friend, you are not covered if you loan your vehicle to someone who lives with you. Typically, insurance companies only provide coverage for drivers listed on the policy and those outside the driver’s home who borrow the automobile. According to Gary Massey, Jr., an attorney from Massey & Associates, PC in Chattanooga, TN, “A person who lives in your house might drive your car all the time, and it significantly increases your risk of that person wrecking your car. A person who doesn’t live with you is probably not going to borrow your car enough to affect the overall risk calculation.”

UNINSURED MOTORIST COVERAGE

If an accident is your fault, your car will be covered by your insurance policy; however, if this accident involves an uninsured motorist, you could be in trouble. According to Massey, Jr., “Everybody needs uninsured motorist coverage, and they need it to their same policy limits as their liability coverage.”

Have more questions about exactly what your auto insurance covers? Contact our agents at Elite Insurance Solutions to find out more about your coverage.

By Randy Hulett on September 26th, 2015 | Tagged with: Tags: , , , , | Leave a Comment

Why Choose a Local Insurance Company over a National Provider

When shopping for insurance policies, you have many different options from which to choose. You could go with a national provider with a name you recognize, with an online company for the sake of convenience, or with a local insurance company who can give you personalized service. Our agents at Elite Insurance Solutions can put together business and personal insurance coverage policies to exactly fit your specific needs. We would like to tell you why you should choose a local insurance company like ours over a national provider.

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FLEXIBILITY

According to the blog, Auto Insurance, national insurance companies often have the inability to be flexible when writing insurance policies due to corporate regulations. A local insurance provider like Elite Insurance Solutions can be flexible by customizing policies for our customers that a national provider is unable to match. Our agents are not aligned to just one company, so we can match multiple plans to multiple consumers. We can also make exceptions by giving our customers a second chance that a national provider may not be allowed to do.

PERSONAL SERVICE

When you hold an insurance policy from a major national insurance company, you may never talk to the same person twice. You rarely get to know your agent, so it can be difficult to receive customized, personal service. With a local insurance company like Elite Insurance Solutions, communication is easy. Our agents get to know our customers so that we can provide the best insurance services according to their situations. We know the questions to ask to find out exactly what our customers need from their insurance policies.

COMPETITIVE RATES

With less overhead, local insurance companies are able to offer better rates than the national providers. At Elite Insurance Solutions, our agents can find better deals for our customers by customizing policies to offer a more personalized quote that can save you money.

If you need a new insurance policy and want flexible, personal service that can save you money, choose a local insurance company. Contact us at Elite Insurance Solutions, and we will be happy to show you even more reasons why we are the best choice.

By Randy Hulett on September 6th, 2015 | Tagged with: Tags: , , , , , | Leave a Comment