Saving Money on Auto Insurance for Your Teen Driver

Many parents groan about the cost of auto insurance when their kids start driving. It can be expensive to insure a teen driver, but if you follow these tips from Silverton Insurance Specialist, LLC, you may be able to save a little money on your teen’s auto insurance.

Hit the Books

Many insurance companies offer discounts when teens get good grades. The logic is that teens who are responsible with their schoolwork will also prove themselves responsible on the road. While straight As are good, many insurance companies are happy to offer discounts for students who maintain B averages. Check with your agent for any discounts the insurance company may offer due to school performance.

Take Driver’s Education

If money is tight, kids may earn a discount for taking a driver’s education class at school. If your child’s school does not offer a driver’s ed course, you can pay for a class at a Safe Driving School to earn a discount for your child.

Choose the Vehicle Wisely

While many kids crave flashy, newer models of cars, insuring a teen in a more expensive vehicle will be more costly. Choosing older models of vehicles and cars that seem a little boring to teen drivers can keep more money in your pocket.

Drive Safely

When your teen gets traffic citations and has accidents, it can cost you more money than just paying the ticket and repairing the car. Insurance companies will raise your rates if your teen does not maintain a safe driving record. Encourage your teen to drive safely and enforce consequences if he or she proves to be careless on the road.

Multiple Policy Discounts

If you purchased your home insurance and car insurance from the same company, you may qualify for a multiple policy discount. Ask your agent if your insurance company offers this discount.

If you have more questions about insuring your teen driver, you can contact Silverton Insurance Specialist, LLC. We can help get you started on an auto insurance policy and you can get a quote by using our online rating tool.

Do You Really Need Life Insurance?

Life insurance is a type of insurance that many people may not consider getting until later in life or until someone tells them that they need to have it. Whether you have life insurance or not, it is a good thing to consider. However, you do not want to purchase insurance without knowing if it is something you need to have. Before you purchase anything, use this guide from Silverton Insurance Specialist, LLC to determine if it is something that you really need or not. 

Reasons You Would Need Life Insurance

  • You have children – If you have children that are younger, you may want to get life insurance to help support them if you are no longer around. Having a bit of money to help them remain stable and even help to pay for college can make all the difference. 
  • You have a spouse – If you are married, it is likely that your spouse relies on your income to make ends meet, even if they work as well. You want to make sure they are taken care of as well if you are gone which is why life insurance is a good option.
  • You have debts to pay – If you owe a lot of money in debt, such as student loan debt or even mortgage debt, having this cushion to pay for these items after you pass can prevent your family and loved ones from having to take on the additional burden.

If you think that you need life insurance, but you are not sure how much you should purchase, Silverton Insurance Specialist, LLC can help you navigate the process. Be sure to contact us so we can help you find the right policy as well as one that fits your budget today. 

Covered And Non-Covered Aspects Of a Commercial Insurance Policy

A commercial insurance policy is a necessity for every business organization. This means that it is vital to know what it does and does not cover. By contacting Silverton Insurance Specialist, LLC, we can help you learn more about the covered aspects of your commercial insurance policy.

There are some risks associated with running and managing a business, but business liability coverage prevents many unknown and known risks. Commercial insurance protects you, your employees, and your company from claims pertaining to property damage and bodily injury within the limits of the policy obtained. Policies safeguard you from judgments by a court, litigation, and out-of-court expense settlements.

Lawsuits, settlements, and investigations

When charged and sued in court, commercial insurance covers the cost of agreements, hiring an attorney, examination, and medical fees in case of injury.

Injury Damages

Claims may originate from property damages or bodily injury from your products, the advertisement for your business, your operations, or from accidents that occurred in your premises, and all these can all be covered under the commercial insurance policy.

Other Coverage

A commercial insurance policy can cover things you may never have thought about, for example, an unknown violation of another organization in an advertisement. This insurance may even provide some shield against accidents that result from alcohol consumption. However, this is only effective if your company does not deal with alcohol such as distribution or manufacturing.

There are some aspects of business risks that are not protected by a commercial insurance policy such as:

Workers Injuries

The insurance you will require to protect your employees when they are injured or hurt on the job is called workers’ compensation. This aspect is therefore not part of the commercial insurance policy.

Professional mistakes

The commercial insurance policy won’t cover professional errors; professional liability will. It ensures against misfortunes that may arise as you render your recommendation, services, solution, or opinion in the course of business.

In Conclusion

To find out what commercial insurance coverage can do for your business, contact Silverton Insurance Specialist, LLC.

Can I get an umbrella policy that covers both my home and vehicle?

Whether or not you have already purchased a home or vehicle insurance policy through Silverton Insurance Specialist, LLC, you may be in need of additional coverage or are just looking for ways to save money. Having an umbrella policy is a smart way to save money, but also helps you be more efficient when it comes to handling insurance problems.

What is an Umbrella Policy?

A Personal Insurance Policy can provide coverage beyond the standard limits, as long as you choose a policy with a higher level of protection. It may cover extensive amounts of damages, and even cover you when you are not in the country.

You can compare it to an umbrella, which protects you and keeps you dry when a storm comes unexpectedly.  You can have peace of mind in case of any extraordinary circumstances.

What Can Be Covered Under an Umbrella Policy?

You need to read your policy carefully and discuss it with your agent to make sure you know what is covered. Most umbrella policies will extend your coverage limits and may cover you for home, vehicle, and even business. As long as you have your policies through one provider, you can attach them to your umbrella policy.

Umbrella policies can even be extended to lawsuits, such as liability or slander. This is a significant resource if you run advertising for your business or deal with information.

If you want a guarantee that you and your family are protected, call Silverton Insurance Specialist, LLC today. Our agents can work with you to get started on an umbrella policy.

The Importance of Reporting an Accident to Your Insurance Company

Here at Silverton Insurance Specialist, LLC, we advise all of our insurance customers to report an auto accident to us right away. However, most people do not understand why this is important. After an accident, your mind may be racing with things to do, and you may wonder if it is vital to call the insurance company or if you can put it off. Here are a few of the reasons why reporting an auto accident to your insurance company quickly is essential. 

Helps Get Your Car Repaired Faster

The longer you wait to report an accident to your insurance company, the longer it will take for them to inspect your car, approve work orders, and, ultimately, the longer it takes to fix your car. The faster you report the claim, the faster your vehicle can be repaired. 

Allows the Insurance Company to Obtain Evidence

If there are questions about who was at fault for the accident, your insurance company may conduct an investigation. However, the evidence they may need, such as witness statements, dashboard camera footage, or information from insurance tracking devices, may disappear if it is not retrieved promptly. Reporting the claim helps the insurance company to get the evidence they need. 

Locks in Your Statement While it is Still Fresh In Your Mind

The last reason you should report an accident to your insurance company right away is that it locks in your statement about what happened while it is still fresh in your mind. This helps you to recall important details about the accident that you may forget in a few days. 

If you are looking to purchase a new auto insurance policy, let Silverton Insurance Specialist, LLC help you. Call us today to obtain a quote or try our online rating tool for auto insurance quotes from home.

Life Insurance For The Family

It used to be that whenever someone mentioned life insurance, it was assumed they were talking about the male head of the household. Times have certainly changed. At this point, most people recognize how important it is to have life insurance for any adults who have someone depending on them for financial or physical support. This includes wives, mothers, and other working women. It even applies to women who are homemakers as well. Their labor and organizational skills would be difficult to replace in the event of a family loss.

The workforce has changed, and so have the needs of families for life insurance. Life insurance policies for women as well as men just make sense. At Silverton Insurance Specialist, LLC, we have acknowledged how, as time goes on, the ever-changing demographics of the American family continue to adapt to evolving gender roles.

Life insurance for children has become a standard policy, and it provides a peace of mind for families when faced with unexpected expenses following a time of grief. It pays to take the time and ensure life insurance policies protect your family no matter which family member is under consideration. Evaluate your family’s situation and then contact us at Silverton Insurance Specialist, LLC. We can discuss your needs and answer your questions. You can review and update your present insurance policies or get new ones to make certain you have the coverage you need for everyone in the family.

This is a difficult topic to discuss, and it can take some effort and planning to find the answers you need. However, in the long run, having life insurance policies provides a sense of financial stability. Contact us and ask us what coverage options we have available and how they can help you.

When to Consider Upgrading Your Commercial Insurance

Business owners often forget the importance of their commercial insurance until they really need it. When a customer files a lawsuit or an employee claims they were injured on a job, do you know if your insurance policy will help? And if so, do you know how much it will help? Discover when it’s time to start upgrading your commercial insurance with these considerations from Silverton Insurance Specialist, LLC.

You’ve Expanded 

When business starts to pick up, there are a number of reasons to celebrate your achievements. However, there are also a number of reasons to start thinking about the downsides of new business. More people means more potential problems, and more money means you have more to lose. More space means more to take care of, and more chances for accidents. Instead of letting fate take the wheel, upgrading your commercial insurance can make it easier to handle any claims that may arise.

Planning Ahead 

Normally, any type of change can be cause for upgrading your insurance. If your neighborhood has been met with more crime or you’re seeing harsher storms blow through your town, then you may want to give an agent a call to chat about getting better coverage. However, it’s not always about how things are different. Commercial insurance is often the only thing you can rely on in a disaster, and if you haven’t thought of them all, you’re leaving your livelihood at risk. 

Silverton Insurance Specialist, LLC has helped business owners of all kinds choose policies that leave them prepared for whatever risks may be ahead. Let us help you do the same. If you have questions about your current commercial insurance coverage and how you can make it stronger, then we want to talk to you today.

Some of the Personal Liability Issues That May Be Covered By Umbrella Insurance

Much like umbrella insurance, The staff of Silverton Insurance Specialist, LLC wants to capture every detail of our client’s coverage needs. Umbrella insurance provides coverage for those amounts that are above regular insurance limits.

How an Umbrella Policy can Benefit your Automobile

In an automobile accident, umbrella insurance may come into play if the automobile is of inordinate value or if many passengers were injured. If you are found to be at fault in an accident where the limits of your standard automobile insurance policy have been exceeded, umbrella insurance can cover the additional amounts. In this way, the umbrella insurance acts as a precursor to a personal lawsuit that may be lodged against you.

In Between Circumstances

Umbrella insurance is great for filling in the gaps if you are sued or a claim is lodged against your insurance policy. In the event the lawsuit is for an incident or item that you may be found liable for but is not covered under the terms of your policy – umbrella insurance may be viable. The constraints are not as rigid in an umbrella policy. If you have a major flood and you reside in a region where you may not have thought that natural flooding is likely enough to own flood insurance – umbrella insurance may help.   

Speaking with an insurance agent at Silverton Insurance Specialist, LLC about how an umbrella insurance policy can benefit you and your lifestyle is a sound decision. Call or email us to speak with one of our professionals who can tell you how your unique life situation can be better served with an umbrella insurance policy. 

Covering More Than Liability

Temptations to settle for cheap auto insurance are everywhere. From the speakers on our television to the ads before internet videos, inexpensive vehicle insurance commercial jingles invade our ears. 

However, settling for the bare minimum is putting you at risk for more than a totaled car. Bankruptcy, severe injuries for you, passengers, or other drivers, and even the possibility of death are things to consider when researching auto insurance policies. Everyone has preferences, forming a plan that coincides with your needs makes everyone happier and safer.

The Way States Sway

Living in a state that does not require full coverage or no coverage at all is no excuse not to have it when an unexpected accident occurs. Auto insurance is an investment in your life and safety. 

States do not always require collision coverage. However, if you only have liability and your car is destroyed, your insurance claim will only pay for the other vehicle. The payment for auto repairs is covered by collision insurance coverage regardless of who is at fault. 

Comprehensive coverage is rarely a requirement by states and auto loan companies. You are more prone to realize situations when comprehensive helps by noticing the savings you receive in your bank account and on vehicle repair. You cannot predict nature and hail, the wind, and flooding falls under comprehensive insurance, only. 

Humans are nearly as unpredictable as the weather. Vandalism and theft are also factors out of your control. If you only have liability coverage, you are either without a car or left to park it in your yard until you can get the damage repaired.

Deductibles for collision or comprehensive insurance are not as nearly as expensive as purchasing a new vehicle or being taken to court by another party involved in a mutual car accident. Silverton Insurance Specialist, LLC is available for quotes, questions, and directions as you search for the best policy for you and your bottom line. Reach out to our agents for questions and concerns or call our office at Silverton Insurance Specialist, LLC.

3 Reasons to Consider Life Insurance for Your Baby

No one wants to think about the death of a loved one. Although, it’s important that you protect yourself and your family. In the event of a death, keeping up with work, bills, and the expenses of a funeral and related fees can be overwhelming.

A sound life insurance policy will ensure that loved ones are financially protected in the event of a death in the family. Experts agree that purchasing a policy as a child is the best way to save money long-term and will provide protection.

Here are three more reasons to consider purchasing a life insurance policy for your child.

The Rate’s Locked In

The most affordable time to purchase life insurance is when your child is young. Premiums for minors are extremely affordable. Often, a decent policy will only cost a few dollars a month, and that rate will be fixed for life. On the contrary, purchasing a life insurance policy as an adult can be more complicated and expensive. This all depends on the type of policy you use.

When necessary, you can withdraw or borrow against the cash value

Life necessitates loans from time to time, and borrowing against your universal life insurance policy or withdrawing the cash value can be a great way to finance something important in life, such as a wedding, a vehicle, or college tuition.

The Insurance can Last Forever

The future insurability of your child depends on a number of factors. Oftentimes, obesity, high blood pressure, and diabetes can prevent someone from being insured as an adult. When your child is young and you purchase a plan, it’s more than likely that your child will be insured for life.

Where to Find Life Insurance

If you are interested in purchasing life insurance for your child, you can contact Silverton Insurance Specialist, LLC, and we’d be glad to help you pick a plan. One of our life insurance professionals can speak with you as soon as you’re ready. Give us a call at Silverton Insurance Specialist, LLC to find out more about a life insurance policy.