Tag Archives: auto insurance
It’s a common scenario—you lend your vehicle to a friend who needs to run an errand or get to work. All is well, until you get a call that they ran into another vehicle. Of course, your first concern is likely for your friend’s well-being. Then you’ll probably wonder if your insurance coverage will pay for the car repairs, since someone else was driving your car.
What if I just purchased auto insurance but I’m confused by all the terms on my policy?
Now that you have selected an agent, carrier and coverage levels, what happens if you suffer a loss? The employee-owners at Kemner-Iott Agency want to help you understand your auto insurance policy. So, pull out your declaration pages (auto policy that was either mailed or printed off for you) and let’s review what each coverage item means (You may want to grab a cup of coffee):
The first thing you need to do is go to the police station and file a report. Then report the claim to your insurance agent. Depending on the type of collision insurance you have on your car, your insurance carrier may waive your collision deductible in this instance.
It used to be that if a vehicle was 25 years old, it was a collectible. Unfortunately, this is not true today. Don’t worry, we have provided some tips on how to get your classic car set with Michigan auto insurance.
Collectible Automobile Requirements
If you have a vehicle from the ’80’s that you want to insure as a collectible, the vehicle needs to meet one of these requirements:
Nothing ruins a vacation like damage to a rental car, a hold on your credit card, and a family stranded! Every company’s rental contract is different, so always check with your credit card company and your agent before you decline their coverage. Then, make an informed decision, relax, and enjoy!
Tasha from the Adrian office explains, “Your teenage driver does not need to be added to your auto policy as a driver until he is licensed to drive a vehicle by himself.”
What if…I send an employee out to run a business-related errand, and she is involved in an accident in her personal vehicle and is subsequently sued. Is there coverage under my commercial auto policy?
Kim from the Cassopolis office explains, “Physical damage coverage for the employee’s vehicle would be provided under her own personal auto insurance policy, however, liability would be provided by the employer’s policy, if properly endorsed with Employers’ Non-Ownership Liability.”