Leasing a Car? Put It in Your Company Name

| posted in Blog, Newsletter

As a business owner or company director wanting to lease a car for yourself, you have the choice of either business contract or personal car leasing, and each option has its own implications, benefits and disadvantages, particularly in terms of insurance. Which policy will cover my car? If you are using your new car mostly for work (think sales calls and visiting job sites), and you bought the car in your name, that mistake can cost you as your business won’t be able to insure it properly. Your personal auto policy will provide coverage for some business use of your…
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That Texting-While-Driving Ticket Will Likely Increase Your Premium

| posted in Blog, Newsletter

One of the main reasons that car insurance rates are going up is the increase in distracted driving, which has led to a significant jump in vehicular deaths and accidents in the last five years. Despite most states in the country now having laws barring the use of your phone for talking or other tasks such as messaging or taking pictures, accidents from distracted driving continue mounting. So, what if you are one of the ones who gets a ticket for distracted driving? Be prepared for a significant increase in your insurance, according to the “2019 Distracted Driving Report” by The…
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Commercial Auto Rates Face New Headwinds

| posted in Blog

More accidents attributed to smartphone use while driving, coupled with much higher costs of repairs, have led to double-digit increases in commercial auto insurance rates over the past few years. Distracted driving is just one of many factors that have converged on commercial auto insurance claims, resulting in sustained premium increases. Now there are new factors that are coming into play that will ensure that rates continue climbing, at least in the near term. Commercial auto rates are increasing for companies with large fleets as well as for businesses with just a few vehicles and drivers. Here’s what’s at play…
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Had an Accident? Put Your Smart Phone to Use

| posted in Blog

AUTOMOBILE ACCIDENTS happen every minute of the day. But according to the National Association of Insurance Commissioners (NAIC), most people do not know what steps to take or what information to share – or not share – after an accident. They may even put their identities and safety at risk by sharing too much personal information. To combat identify theft and also help motorists in gathering all the info they need to properly file a claim, the NAIC recently introduced its Wreck Check mobile application for use on iPhones and Android devices. A recent NAIC survey revealed consumers were unsure…
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What to Do After a Hit-and-Run Accident

| posted in Blog

Most of the time, if you’ve been in a collision, the other party stays put so that you can exchange insurance information and wait for police or emergency services if there is a dispute or injury. But on occasion, the other driver flees the scene, leaving you likely frazzled and scrambling. If you carry uninsured driver’s coverage, the costs will be covered by your insurer. However, there things you should and shouldn’t do if you’ve been involved in a hit-and-run accident. Whatever you do, do not follow or chase the fleeing driver. If you also leave the scene, you may…
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