Auto insurance is a wise investment in most situations. However, in some situations, investing in full-coverage auto insurance may not be the savviest thing to do. At the Insurance Center of Green Valley, we take pride in helping Green Valley, AZ drivers get the insurance coverage that meets their specific needs.
What Does Full Coverage Auto Insurance Cover?
Many people opt to carry full coverage auto insurance on new or late-model cars. Sometimes, full coverage auto insurance is required by lenders if you have an auto loan. Full coverage insurance is a wise choice because the cost of coverage is far less than what it would cost to replace or repair your car if it was damaged. There are other factors as well that make full auto insurance coverage a wise investment.
Should I get Full-coverage Auto Insurance for My Twenty-year-old Car?
Full coverage auto insurance may not be the wisest investment as your car ages. How old is "too old" regarding full insurance coverage? Most would say that any car over ten years old doesn’t require full coverage auto insurance. At the ten-year mark, your yearly insurance cost makes up almost half the monetary value of older vehicles. Once your annual insurance cost exceeds the monetary value of your car, full coverage insurance is a cost-savvy investment. It may be time to drop your coverage level when it costs just as much to insure your car as it does to repair or replace it. If you have questions regarding how much coverage you need to insure your vehicle, call us. We’re standing by.
If you want to operate your business in Arizona, the law requires you to invest in worker’s comp and commercial auto insurance if you have business vehicles. But should you stop at this? State-required business insurance is just a minimum. If you need all-rounded protection for your business, please invest in supplemental policies. Insurance Center of Green Valley in Green Valley, AZ shares four policies you can consider to boost your commercial insurance.
General liability insurance
Regardless of the size or nature of your business, don’t run your business without business liability insurance. This policy protects your business from expensive liability claims that can cripple your business. General liability insurance cushions your business when other people accuse you of bodily injury, property damage, and advertising injury.
Your business owns several assets to ensure operations run smoothly. While you have security measures to safeguard your assets, you should consider business insurance as an added layer to the safety of your assets. Commercial insurance covers losses to your assets when damage or loss arises from fire, theft, vandalism, and other risks listed in your policy.
Cyber liability insurance
Do you store sensitive customer data? Do you operate an e-business? You must invest in cyber liability insurance to protect your business against cyber crimes. This policy minimizes your financial exposure when your IT systems have been compromised.
Professional liability insurance
Do you offer professional services? Consider investing in professional liability coverage. This policy protects you from actual or alleged negligence, incomplete work, or missed deadlines. Professional liability insurance covers the associated costs if stakeholders show they have suffered financial losses because of your advice.
Are you shopping for commercial insurance in Green Valley, AZ? Please contact the Insurance Center of Green Valley for an affordable quote.