Myths to Know About Commercial Truck Insurance

Commercial Truck Insurance

Myths to Know About Commercial Truck Insurance

Tags :

Category : Commercial Truck Insurance

As a trucker, you probably already know that a commercial truck insurance policy is necessary to operate. As you shop around, however, it is important that you can tell the myths from the facts.

Employees Are Always Covered

Some people mistakenly believe that employees are covered under their insurance policy. This can be devastating if an employee is an accident and you discover that he or she was not covered under your policy. To make sure that your commercial coverage includes employees, you need to make sure that there is a permissive use option. Otherwise, you have to name the other drivers of the rig.

Insurance Premiums Don’t Change

When you invest in a commercial truck insurance policy, you might think that your premiums are going to be set in stone. However, you do have control over your premiums. If you have a higher deductible, you can reduce your premiums. Also, certain company safety programs can lower your premiums. Some companies will even provide discounts on premiums if you have a dashcam or other accountability system installed.

When you’re shopping for insurance, there are a lot of details that you have to consider. First and foremost, you need to make sure that you are aware of all of the facts about coverage.

Auto Insurance

3 Ways To Know You’re Getting the Best Deal on Auto Insurance

Tags :

Category : Auto Insurance

Auto insurance rates can vary greatly, and that makes many people unsure of whether they’re getting the best deal with their current carrier. If you’ve considered shopping around for a better deal on your auto insurance policy, consider these three criteria when you comparison shop.

Drivers Included

There are many factors that impact rates, but none so severely as a youthful driver. If you have a teenager or young adult on your policy, you may be paying higher rates for to cover driver. It doesn’t mean you shouldn’t check out rates with another insurance agency, but understand that coverage will be more expensive for younger drivers no matter what company you choose.

Vehicles Covered

If you have any vehicles on your policy that carry full coverage, you’ll be paying more than someone who has liability only. Also, lower deductibles can raise premium considerably. Before you jump at the company with the lower rates, make sure what you’re being offered is comparable.

Credit Score

Many customers are unaware that their credit score can impact their insurance premiums. Although the two seem completely unrelated, insurance companies often use it as a metric for rating a customer based on responsible behavior. If you have bankruptcies or carry high balances on your loans and credit cards, you may end up paying more in premium no matter which company you choose.

Shopping around for the best price is smart idea, but you should know why you’re paying those rates before switching to a bargain policy.

protect-your-nonprofit-and-your-volunteers-against-claims

Protect Your Nonprofit and Your Volunteers Against Claims

Tags :

Category : Volunteers Claims

If you run a charity or other type of nonprofit organization that makes use of volunteers, your regular liability policy won’t protect them if claims are brought against them. Both your organization and your workers could be held liable to costly legal fees and settlements. It’s essential to find the right liability policy to protect all involved.

What Insurance Policy Will Protect Your Volunteers?

Volunteers insurance is the best way to protect your volunteers and your investment. Having adequate coverage also attracts the kind of volunteers you want representing your nonprofit. You can tailor your package to cover the unique needs you face. Examples of coverage include:

  • Personal accidents – With the right coverage, volunteers who are injured while representing your organization may be compensated for medical expenses and damages caused by the accident. If the volunteer is unable to work their regular paying job as a result of the accident, this insurance may also pay a portion of their regular wages.
  • Volunteer boards – If you include a professional indemnity clause in your policy, any high-ranking volunteer board members and directors are protected against claims of negligence, slander or defamation.
  • Public liability – This coverage offers protection to your paid employees, volunteers and your organization in the event of third-party property damage or personal injury.

It’s imperative to understand the coverage offered in your volunteer liability policy so that you are protected in any circumstance.

Flood Insurance

Tips for Selecting Private Flood Insurance

Tags :

Category : Private Flood Insurance

Predicting the weather can be downright impossible. Unfortunately, the elements play a huge part in the security of your home. In the event of a flood or other natural disaster, you run the risk of losing everything if your residence is directly impacted. Thankfully, insurance is what is meant to offer you peace of mind when faced with the unknown. Consider these points when picking out flood insurance and you’ll have a better time making the right decision.

Factors To Consider With Flood Insurance

There are a few important factors to consider when it comes to private flood insurance in Texas. For example, you want to take the overall value of your home into consideration. Additionally, some homeowners will add collectibles and other expensive items to the list of insured items to make sure all fronts are covered in the event of water damage. Certain counties put restrictions on when a policy goes into effect after being started, so get a feel for local laws to know what to expect. Additional points to consider include:

  • Location of your residence
  • Number of years owned
  • Current state of structure

Protect Your Residence

By thinking about your insurance options early, you can keep your home safe from whatever waits on the horizon. Look into flood insurance and get a better feel for what is right for your family.

Market Insurance

3 Important Steps To Take When You’ve Been Placed Into Forced Market Insurance

Tags :

Category : Market Insurance

If your mortgage company has suddenly placed you into forced market insurance, you may be wondering what it is and what to do about it. Lender placed hazard insurance is a policy that the financial institution holding your lien takes out to cover losses while your underlying policy is not in effect. There are three important steps you need to take following such notice. Important steps you need to take following such notice.

Contact Your Lender

Reach out to your mortgage company to ask why the policy was placed. It could be that your insurance company hasn’t sent proof, or you could be unaware that your underlying policy has lapsed. Either way, it will help you to know how to proceed.

Contact Your Insurance Carrier

If your lender said the policy lapsed or they didn’t receive proof of insurance, call your insurance company. You may have forgotten to send the payment or the money was disbursed incorrectly from your escrow account. Whatever the explanation, it is important to rectify the situation with them.

Secure Proof of Coverage

Once you’ve sorted it out with your insurance company or your policy is back in force, it’s important to send proof of insurance to your lending institution right away. Upon receipt, the mortgage company will be able to cancel the lender placed hazard insurance and issue a refund, if appropriate.

If you’ve been notified that your lender has secured insurance on your behalf, don’t panic. If you know the steps to take once notified, you can quickly settle the matter.

Recent Posts

Archives

Categories

Baby Insurance Nes
Website Guide
Guide

© Copyright 2020. All Rights Reserved