Tuesday, March 26, 2013

VEHICLE LIABILITY INSURANCE COVERAGE ONLY

Vehicle liability insurance coverage protects the insured client involved in an accident for damages for which he/she might be liable due to the accident.

For older vehicles, clients may wish to remove both collision (damage to property due to the accident) and comprehensive (damage due to vandalism, fire, flood, etc.) insurance coverage’s to save money.

 This decision to “drop” both collision and comprehensive vehicle insurance coverage may make sense for a client when the depreciated value of the damaged or stolen vehicle may be less than the cost to replace the vehicle. 

Contact your favorite insurance agent (Andrea Shearer or Tessa Everman) at the Triplett Companies (515/232-5240) in order to determine whether or not you might consider dropping comprehensive and collision insurance coverage on your vehicle(s).

No comments:

Post a Comment