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Both personal auto and commercial auto policies offer essential protection against costly claims associated with damage, theft, personal injury and other liabilities. While you may understand how important it is to secure adequate insurance coverage for you, your family or your business — do you know what questions to ask when making insurance policy changes?
If you are considering new auto insurance coverage, consider these important questions before securing a policy.
What are the legal obligations for auto insurance in my state?
Arm yourself with current information about the minimum coverage required by law in your state before deciding what kind of coverage you need.
Who will be covered?
Different auto insurance policies offer coverage for drivers, passengers, employees, clients or non-family members who may borrow insured vehicles.
Which factors contribute to the annual premium?
Auto insurance premiums are determined by considering a number of variables including the type of car you drive, your driving record, where you live, your age and gender and the type of coverage you need.
How much is my deductible?
The deductible is the amount of out-of-pocket money you, the insured, will need to submit if a claim is filed before the insurance coverage kicks in. It is commonly the insured’s choice to select the deductible amount.
Am I eligible for any discounts?
Be sure to ask about alumni benefits, membership discounts or safe-driving deductions that you may qualify for before securing your next auto insurance policy.
Does the policy include 24/7 roadside assistance?
If you or someone on your policy gets into an accident, it’s imperative that your insurance carrier provides reliable 24/7 claims service. Also ask about roadside assistance benefits, including towing, jump starts, fuel delivery, lockout services and tire changes.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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