Among the many commercial insurance questions people ask is why car insurance seems to go up whenever it’s time to renew your policy. While the renewal rates rise yearly, insurance companies are required by the state to issue new policies annually. Be very intentional and carefully weigh all options at your disposal the next time you need commercial auto insurance.
If you’re a careful driver with long experience in drama-free driving, you can negotiate lower prices as you’re considered of lower risk. But if you’re a new driver or have had several unfortunate mishaps, you may have to take high risk commercial insurance. Auto insurance companies consider drivers with a record as high risk.
But why does one need commercial auto insurance? You need one if you use your car to carry out tasks related to your profession, occupation, or business.
A commercial auto insurance policy covers physical damage to vehicles you own or those you hire or lease to run your business. It also includes liability coverage for bodily injuries.
You may require temporary commercial insurance if you need to move a truck or have a business event coming up and you need to use a vehicle or two.
Submit your commercial auto application at least a month before the current one expires, or apply for temporary auto insurance anytime if you have a limited-time event or want to move a truck.
In the United States, the homeowners insurance industry is worth an incredible $70 billion. Many people who buy homeowners insurance get cheap homeowners insurance quotes, although it is smarter to compare insurance quotes, and especially to compare home insurance quotes.
According to the USAA, the average rental property in the United States contains an estimated $1,500 dollars of computer equipment and accessories; a renters insurance policy is arguably as important is, if not more important than a homeowners insurance policy. However, when you are renting your living space, your landlord’s homeowners insurance does not cover damage to your belongings.
When you want homeowners insurance, your best bet is to get all the home owner insurance quotes you can. By comparing different policies, you can ensure that you get only the coverage you want without paying for stuff you don’t need. At the end of the day, homeowners insurance is incredibly important because a home is typically the biggest investment a person will make in his or her life, and without a home owners insurance policy, the investment is not adequately protected.
