4 min read Do you know if your restaurant needs liquor liability insurance?
Three to four accidents. According to the car insurance industry, that’s the number of accidents an average driver will have in his or her lifetime. That doesn’t mean every accident will be life-threatening though. Most auto claims are mere parking lot scrapes or chance encounters with non-moving objects. But minor accidents add up, sometimes costing thousands of dollars in repair. Major accidents have the power to financially cripple you if you’re not properly insured. Corkill Insurance will work with our top-rated carriers to determine the best plans for your current situation, desired deductible and premiums.
Everyone wants to save money on auto insurance. But the lowest premium isn’t always the best option. Corkill will help you balance out how varied premium costs and different coverage options will affect or benefit you. Here’s a list of the areas we can tweak to get you your best coverage:
covers bodily injury and property damage to others
covers physical damage to your vehicle caused by accidents
Medical Payment Coverage
covers medical coverage for you and your passengers
covers physical damage to your vehicle caused by theft, vandalism, hail and falling objects
Uninsured/Underinsured Motorist Coverage
covers medical expenses, pain and suffering and loss of wages for you if you’re in an accident with someone that does not have insurance or very low amounts of coverage
Additional Coverage Options
enhance standard policies with coverage for towing and labor, car rental loan/lease coverage and more.
While many people refer to comprehensive insurance as “full coverage,” there really is no such policy. Comprehensive coverage is an add-on—and although the term comprehensive may lead you to think otherwise—it doesn’t mean it covers everything. It does pick up a few extra situations where liability and collision insurance won’t though. Comprehensive insurance will pay for damages to your vehicle caused by theft, vandalism, hail and falling objects. Most banks will require you add this option to your policy if your vehicle is leased or financed.
Liability insurance is the minimum amount of car insurance most states require. It’s also a popular option as it usually has the lowest premiums. Keep in mind though, liability insurance only protects you if you’re at fault in an accident by paying for bodily injury or property damage to others. It does not cover damage to your vehicle, and you would be personally responsible for any claims that go over your policy’s limit. Corkill will help you weigh your options if you’re considering liability-only for your vehicle.
If your car is leased or financed, most banks will require collision insurance. That’s because collision insurance covers damage to your vehicle should you be in an accident. While this insurance is smart to have, there may be a point where it makes sense to drop collision insurance. This is especially true if you can easily replace your vehicle. Corkill help you determine if dropping collision insurance is a smart move for you, by looking at the resale value of your vehicle, your driving record and how much you pay for this coverage.