You need auto insurance in order to drive legally in most cases, but a full insurance policy can be pricey for many. One tactic people use to cut costs is to reduce their coverage to only the legal minimum, which means they are often carrying only a little liability and medical coverage when they drive. If you have found yourself in dire financial straits and are thinking of reducing your coverage, talk to your agent to work out a different strategy.
A lapse in auto insurance coverage is a time period in which you do not have any coverage at all. A lapse can occur for a day, weeks, or even years, but allowing lapses to occur will typically cause negative effects on your ability to get car insurance and on the cost you will pay for it. Here are three top three reasons you should do all you can to avoid a lapse in your auto insurance coverage.
Did you save up enough money to purchase a vehicle? If you intend on buying one for the first time and don't have much driving experience, it is important to be cautious about how everything is done. You must not only use caution to prevent an accident, but you must also make sure you are legally able to drive. Keep in mind that driving is a privilege that can be revoked if you don't do it in a legal manner, or if you break too many traffic laws.
Car insurance is one of those things you must have, but probably hate paying for. You'll want to get the best deal so you don't feel like you're wasting your money. One thing you can do is shop around for various quotes on the cost of the insurance. You'll probably want to get new quotes each year just to make sure what you pay is always a good deal. Still, several factors affect the price you'll be quoted.
With the fall storm season approaching, it's time for small business owners to start thinking about their disaster plans. After all, your business property and liability insurance is heavily affected by how well prepared you are and how safe your property is. If you're facing your first storm season as an entrepreneur, it may leave you feeling unsure where to start. You need to know that your business and your employees are protected in the event of a natural disaster or severe storm, including both actual protection steps as well as insurance coverage to help you with any repairs and employee needs.