What Are The Common Types Of Auto Insurance Coverages?

Understanding what auto insurance coverages are available for you is an excellent way of ensuring that your vehicle is sufficiently insured. Commerce Insurance Agency provides this guide in navigating the common types of auto insurance coverages accessible to residents of Commerce, GA.

Common Types Of Auto Insurance Coverages

1. Liability Insurance

At least some minimal auto liability insurance is required by law in 48 states in the US. In Georgia, the minimal car insurance liability for bodily injury is $25,000 per individual and $50,000 per incident. On the other hand, the minimal property damage liability is $25,000 per accident. Bodily injury liability covers costs related to injury to other people, while property damage liability covers damage to other people’s property.

2. Collision Coverage

Collision coverage takes care of repairing or replacing your car after an accident. Although collision coverage is optional, at Commerce Insurance Agency, we recommend that you get it. This is because, depending on the accident’s severity, paying for your vehicle’s repair can be very costly. Additionally, if your car is totaled, purchasing another car out of pocket can be financially detrimental to you.

3. Comprehensive Coverage

Comprehensive coverage covers your automobile from damage as a result of theft, fire, vandalism, and hail. This auto coverage will repair or replace your car up to its actual cash value. Since cars depreciate over time, this means that the compensation you will get in the case of replacement will reflect the car’s depreciation.

4. Uninsured and Underinsured Motorist Coverage

Getting hit by an uninsured or underinsured driver is not unlikely as you might imagine. The outcome of such an event can be very unfortunate for you because the other driver might to be able to cater to your medical needs sufficiently. The underinsured and uninsured driver coverage will cover your medical bills after such an accident.

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Are you looking for unbeatable auto insurance deals in Commerce, GA? Call Commerce Insurance Agency today.

Types of Motorcycle Insurance

If you are going to be out riding around on a motorcycle, you are going to need some sort of insurance for it. That being said, it can be quite complicated, if you don’t know what you are looking for. Commerce Insurance Agency in Commerce, GA  put together a list of the types of motorcycle insurance that you may want to look into. 

Types of Motorcycle Insurance

Liability insurance will cover the medical bills of anyone who is injured while you are out riding. It will also cover the expenses if you damage someone’s property. If you are sued over the accident, your liability insurance will help to pay for your legal fees. This insurance is required before you buy a bike. 

You may also want to look into collision coverage. This will pay for damage that occurs to another vehicle while you are on your bike. It will also cover the repairs on your own motorcycle. 

If you have a really nice bike, you may want to get comprehensive coverage. This will cover damage that occurs when you are not on your bike, such as fire, theft, and storm damage. 

Most companies also recommend uninsured and underinsured motorist coverage. This will protect you if you are in an accident with someone who doesn’t have enough insurance (or any at all) to cover your expenses. 

If you have customized your bike, you may want customized motorcycle parts coverage. It will pay more to fix your bike so that it can look like it did prior to the accident.

Since insurance is so complicated, it is a good idea to talk to a professional. Don’t hesitate to contact us at Commerce Insurance Agency in Commerce, GA. 

How Your Boat Insurance Can Protect You During Professional Races

At Commerce Insurance Agency serving Commerce, GA, many of our customers attempt to purchase boat insurance policies that will cover their professional races. But is this even possible? Yes, but you must understand that standard boating insurance is not designed for this purpose. Instead, it would help if you upgraded your policy for the best coverage.

Your Boat Insurance Policy Varies for Races 

A standard boat insurance policy often does not include coverage for races because these plans are designed to cover more general-use situations. However, that doesn’t mean that you can’t get protection for your boat. Instead, you may have to upgrade your boat policy to a competition-based insurance option. 

These options are designed specifically for professional racers and will cover damage, liability claims, and other issues. You can easily find a boat insurance option to meet this need by talking to the right insurance company. Upgrading in this way will ensure that you are fully protected financially. 

As for amateur races, no insurance policy would ever cover your boat in this situation. That’s because amateurs lack the training and skill necessary to race safely. It is simply too big of a risk for an insurer, meaning that you may even end up invalidating your policy if you get into a severe crash during a race.

Policies Can Help Protect You

As you can see, finding an excellent boat insurance policy for races will require a little work. It would be best if you talked to us at Commerce Insurance Agency to find an option that makes sense for your needs. Our team fully understands the difficulties inherent in finding an excellent policy and will strive to help you. We serve the Commerce, GA area and beyond and look forward to helping you cover your boat.

4 Add-ons to Consider For Your Boat Insurance

If you own a boat in Commerce, GA, there is nothing that beats a cool breeze and warm sun in the water. And given you relish the moments you spend on the water, it’s even prudent to protect you and your boat with boat/watercraft insurance. When you purchase boat insurance from Commerce Insurance Agency, you are assured of a more relaxed time, whether cruising, sailing, or fishing in the water. 

But since boat insurance isn’t mandatory in Georgia, many boaters don’t know much about this insurance. Those that do may think any boat insurance plan will cut it. Well, just like auto or home insurance, boat insurance is broad, and for you to enjoy maximum protection, you need to consider the below add-ons.

  • Medical payments (MedPay) coverage: If you live in America, you must be rife with the fact that medical costs are rising every day. For this reason, it would be catastrophic if you and your passengers suffer injuries from boat accidents and don’t have health insurance. The MedPay coverage covers medical costs for you and your passengers when involved in a boating accident. 
  • Uninsured watercraft insurance: Because boat insurance is optional in Georgia, you are likely to encounter an uninsured boater. If you collide with them, the uninsured watercraft insurance covers injuries and property damage sustained by you.
  • Emergency assistance coverage: Has your car ever stalled away from home? It must have been frustrating. The same can happen while using your boat on the water. However, when you have this insurance plan, you get services like towing, gas delivery, battery loan, and other minor repairs when your boat breaks down in the water. 
  • Special equipment coverage: This coverage evacuates your boat when shipwrecked. It saves you extra costs that you need to incur to remove your boat from the water when involved in an accident.

Are you looking for boat insurance in Commerce, GA? Please contact Commerce Insurance Agency for a personalized quote.

Three things to know about boat insurance and land risks

One important consideration for boat owners is boat insurance coverage. At Commerce Insurance Agency, we can provide boat owners in Commerce, GA with the insurance solutions they need.

The following are three things to know about boat insurance and land risks for those looking to insure their watercraft.

A boat insurance policy can provide coverage for your boat when it’s not in the water.

As a boat owner, it’s important to be aware of certain land risk limitations that go along with your boat insurance policy. Some policies don’t include any coverage for a boat when it’s out of the water. Other policies may include some coverage.

If your policy doesn’t include coverage for land risks, you should either add this type of coverage or check out coverage possibilities through other types of insurance you carry. 

Land risks include damage to your boat while it’s in storage.

Perhaps you keep your boat in storage for significant portions of the year. It’s important to realize that your boat could become damaged while it’s in storage. That’s why it’s a good idea to purchase land risk coverage. 

Auto and home insurance can offer some coverage for land risks. 

You should look into your auto and home insurance policies’ details if you’re concerned about land risks for your boat. A lot of auto and home insurance policies will offer some level of coverage for a boat. 

An auto insurance policy might offer coverage for a boat while it is being towed behind a vehicle. A home insurance policy might offer coverage for a boat that’s being stored on the boat owner’s own property. 

Do you need to learn more about boat insurance in Commerce, GA? We’re here to help you at Commerce Insurance Agency. Get in touch with us today to learn more about our insurance policies.