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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

We Love Nashville!

At Elite Insurance Solutions, we serve all of Tennessee, including one of the best cities in the world, Nashville. This capital city has quickly become one of the largest cities in the country because it is such a great place to live. Situated in a central location, Nashvillians enjoy a low cost of living, scenic outdoor sites, friendly hospitality, and many fun-filled attractions. It is no wonder so many people are moving here to make Nashville their home. We would like to tell you about some of our favorite places on USA Today’s Top Ten Attractions list to go in Nashville so that you can see why we love this city so much.

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Cheekwood Botanical Garden and Museum of Art

A privately-owned estate on 55 acres on the western edge of Nashville, Cheekwood Botanical Garden and Museum of Art was opened to the public in 1960. The former home of the prominent Cheek family, the 30,000 square foot Georgian mansion houses an impressive collection of art, including paintings, drawings, and porcelain objects. Surrounding the mansion are the gardens, which feature flowering trees, annuals, and shrubs. Visitors can enjoy featured exhibits and installations, water features, and floral displays. Every week, Cheekwood offers explorative activities for children, making this attraction fun for the entire family.

The Parthenon in Centennial Park

Did you know Nashville is called the “Athens of the South?” This name comes from the numerous colleges and universities in the city as well as from this tribute to classical Greek architecture. This replica of the original Parthenon in Athens, Greece houses a museum that features art from 19th- and 20th-century American artists alongside Athenian sculptures which were created from direct casts of originals of ancient Greek works. Located within Centennial Park, the Parthenon is a great spot for a picnic on a sunny day.

The Ryman Auditorium

One of the most famous music venues in the country, this National Historic Landmark was built in 1892 by Captain Tom Ryman as the Union Gospel Tabernacle. Best known as the former home of the Grand Ole Opry, the Ryman Auditorium continues to host concerts of every musical genre today in its 2,362-seat room. During the months of November through February each year, country music fans can enjoy performances of the Grand Ole Opry here. Not only does this historic building host musical events, but it is also open daily for both guided and self-guided tours. Highlights from these tours include a photo of yourself on the Ryman stage, a timeline of events, a recording studio, and the Hatch Show Print Gallery, an autographed collection of iconic letterprint posters of artists from Aretha Franklin to the Zac Brown Band.

Want to know about more of our favorite Nashville attractions? Contact Elite Insurance Solutions to discover our agents’ recommendations.