There are so many details involved in our lives these days, it’s understandable why no one wants to think about any more of them! That’s what we can rely on experts for – to flag them for us. So here a few auto insurance facts to be aware of in case they apply to you.
If you or other drivers in your family use your vehicle to earn extra cash delivering pizza or newspapers for example, your personal car insurance does not usually cover usage for any business activity. And driving for Uber or other ride-hailing services does require specific insurance to properly protect you and your customers.
When you loan your car to a friend, did you know that your car insurance goes with them? So if they have an accident, it goes on your record! Think twice before loaning your car out to anyone.
Auto insurance does cover damage to items attached to your vehicle, such as a bike rack or stereo, but if your bike or golf clubs are stolen from your car, they are not covered without property insurance. This also applies to other personal belongings that may be in your car like your laptop, cell phone, musical instruments, clothing, etc.
Have you added a custom grille, chrome trim, an upgraded exhaust system? Then you have customized your car from its original condition, and it is viewed as a modified vehicle for insurance purposes. To have coverage for any modifications you have made or are thinking of doing, you need to notify your insurance professional.
If you added your own GPS unit or installed an upgraded CD player and speakers, be aware that the standard coverage for these items is limited to $1,500. This also applies to factory-installed stereo equipment as well as other electronic accessories you may have added.
If your vacation plans include renting a car or other vehicle somewhere in Canada or the U.S., it’s a wise move to add optional rental vehicle coverage to your current auto policy. Then you can relax on vacation and save money too since the coverage offered by the rental agency is no bargain.
The auto insurance experts at Mitchell & Whale Insurance Brokers would be happy to share all of the insurance facts that may affect you and provide no-obligation quotes for your particular situation. Feel free to talk with us at 1-800-731-2228 or email us at firstname.lastname@example.org.
Want to add to this story? Let us know in comments below! Mitchell & Whale is a fast-growing insurance brokerage in Ontario, striving to make insurance _not suck_ one customer at a time. Give us a call today to discuss any of your insurance needs at 1.800.731.2228.