Good Insurance Information to Know
We want you to be informed. These articles may answer some of your insurance questions but the best way to get the answers you need is to talk to an informed agent from FSC Insurance Agency. Call, e-mail or stop by today!
Summer Vacation Insurance Concerns
When you go on vacation, your insurance is probably at the bottom of the list of things you want to think about. But insurance covers you when the unexpected happens, and the unexpected can happen on vacation.
Imagine this:
While on vacation on the Cape, you are hit by a New Hampshire driver who does not have auto liability insurance because it is not required in New Hampshire. The New Hampshire Driver is at fault in the crash.
What is covered: You can make a claim on your uninsured motorists coverage to pay for any medical expenses you incurred as a result of the crash. Since the accident took place in Massachusetts, you are subject to the no-fault laws in that state, which restrict pain & suffering lawsuits. According to Massachusetts Law, you have the right to sue the New Hampshire driver if you sustain more than $2,000 in medical expenses. If the New Hampshire driver refuses to pay for your property damage, you can make a claim on your collision coverage (if you have it). You would have to pay your deductible, but your insurance company could subrogate - or seek payment from - the other driver, and you may get your de-dudible back. One other note; the New Hampshire driver can be cited by the police for driving without insurance in Massachusets. If you don't have insurance and drive in a state where it is required, you will have to pay a fine.
Here is another case for you to think about:
You come back from the beach to find that your hotel room has been broken into and ransacked. Everything you brought on vacation with you has been stolen.
What is covered: Most of your losses may be covered under your homeowners insurance. However, some policies will cover only up to 10% of your coverage. For example, if you have $60,000 worth of belongings covered under your homeowners insurance, only $6,000 would be recoverable under certain policies if they were stolen on vacation. On your existing homeowners policy, you may add special endorsements for such items as camera equipment or expensive jewelry. Some policies will also reimburse you for cash stolen up to a particular amount
A FINAL NOTE BEFORE YOU DEPART FOR YOUR VACATION:
Amid the packing, phone calls, and car preparations you make before you go on vacation, be sure to review your insurance policies. Knowing your insurance options before an accident occurs will go a long way in relieving stress if the unexpected happens.
If you are planning a vacation – or if you have any questions regarding this article, please feel free to call our office. We will be happy to go over your policies ar discuss any questions or concerns you may have.