Insurance Myths

Myth #14: I’m self-employed and don’t have employees. I don’t need Workers’ Comp Coverage.
You’re your own “employee”, and you can get hurt, too. How will you support yourself if you get hurt on the job and can’t work? Workers’ Compensation coverage is important even if you’re a one man operation. Make sure you take care of yourself and those who depend on you.

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Improve Your Auto Insurance With Special Options

Insurance companies have introduced a variety of special enhancements related to their auto insurance programs. Different companies offer different special features, and while the type of enhancement may be similar in name, the specific details and eligibility requirements vary from between companies offering the benefit. Some enhancements may be included automatically at no charge with some policies or can be purchased as an endorsement.

A variety of these special enhancements are briefly outlined below. If you are interested in any of them, please contact us to discuss the specific details.

Some of the discount and rating factors considered by carriers include:

  • Accident Forgiveness
    If you have a clean driving record and have an accident, the insurance company will forgive the first accident and not charge an increased premium because of the incident.
  • Disappearing Deductible
    This enhancement will reduce the amount of the deductible you’ve chosen to pay on a claim. How much your deductible is reduced is based on how long you’ve been with the insurance company and how long you’ve had a clean driving record.
  • New Vehicle Replacement Cost
    If you drive a new vehicle and it is totaled in an accident, this enhancement will cover the cost to replace your vehicle even if it is determined that the book value is less than the replacement cost. Because a new vehicle’s value tends to initially depreciate quickly, this can be a valuable feature.
  • Auto Loan/Lease Gap Coverage
    This option provides coverage to pay off any unpaid balance on your loan or lease if your vehicle is totaled and its value is less than the car loan. This is coverage is different from new vehicle replacement cost.
  • Extended Road Travel Coverage
    If you are traveling far from home and have a covered accident or breakdown, this coverage can pay for extra travel expenses you incur as a result.
  • Expanded Original Equipment Manufacturer (OEM) Parts Coverage
    If you have a covered loss on your vehicle, this provides expanded coverage so that you can get original manufacturer parts to repair your vehicle.
  • Pet Injury Related To An Accident
    Provides for medical treatment costs if your pet riding with you in your vehicle and is injured in an accident.
  • Personal Belongings Coverage
    Provides coverage for certain personal property in your vehicle if it is damaged in an accident or stolen and does not involve a deductible.
  • Enhanced Substitute Transportation
    This feature increases the substitute transportation coverage limits you have purchased on your policy.