Why do I have to pay for someone that doesn’t have insurance? Do I need this uninsured motorist coverage? These are some of the questions that we get regarding uninsured motorist coverage. We find a lot of people aren’t quite sure what it covers or why it’s important. What is Uninsured Motorist Coverage? Uninsured Motorist […]
Liability Coverage – What Does Each Number Mean?
Have you ever looked at the liability coverage on your insurance declarations page? 10/20/10, 100/300/50, etc. Do you know what these numbers mean? Your liability is probably the most important coverage on your policy. Still, we find that many people aren’t sure what these numbers mean. Liability Coverage Overview Liability coverage covers the other person […]
Do I Need Full Coverage? When Should I Remove Comprehensive and Collision Coverage?
I hear many people ask, “My car is getting older. Do I still need full coverage? When should I remove comprehensive and collision from my vehicle?” In years past, people used to recommend removing these coverages when a vehicle was 7 years or 10 years old. However, vehicles cost a lot more these days, and […]
What is the Difference Between Comprehensive and Collision Coverage? Do I Need Them Both?
A lot of people think they either have liability or full coverage. Did you know that there are actually different coverages that each cover different things? Maybe you already knew there were comprehensive coverage and collision coverage, but aren’t sure the difference. We are going to take a look at that here. How are Comprehensive […]
Personal Property Replacement Cost vs Actual Cash Value
One of the most valuable coverages on your homeowners insurance is your personal property coverage. Personal property are the items that you own that aren’t part of the actual house. Imagine turning the house upside down and shaking it. The things that would fall out are personal property. Related: Homeowners Coverages The standard policy covers […]
Am I Covered to Rent a U-Haul / Moving Truck?
That is a good question that you should definitely know before you get into an accident situation. The best resource for this is your agent, the policy contract itself, or your insurance carrier. When you rent a U-Haul or moving truck, with some companies your liability extends. I have heard some carriers that don’t cover […]
Am I Covered to Drive a Rental Car?
When you rent a regular rental car, you get the same coverage that you have on your own car with several things to consider. (Specialty vehicles like moving trucks, motorhomes, motorcycles, etc. may be different.) See Also: Renting U-Haul / Renting Motorhome Territory/Location This rental car coverage applies in the policy territory. For most companies, […]
I Paid Off My Vehicle. What Does That Mean for My Insurance?
Well first, congratulations from all of us here at Think Safe Insurance! I’m sure that’s exciting and a big relief to get rid of that monthly payment. What does this mean for my insurance? Shouldn’t it go down? These are great questions. Paying off your vehicle does 2 things. Allows you to remove the finance […]
Escrow – What Happens When I Pay My Insurance with My Mortgage?
When you are paying through escrow, your homeowners insurance is included in your monthly mortgage payment. You usually pay a year of insurance up front or at your closing. Then, your mortgage company collects insurance each month throughout your policy term. When the policy renews, they pay your premium in full with the amount they […]