Besides being a means of transportation and a source of pleasure, autos are also an investment and a responsibility. You also have an investment in yourself and your family. Your investments deserve insurance protection against all the things that can happen; accident related medical expenses, theft, fire, broken windows, flood and, of course, accidents.
At Creative Insurance Solutions we take our responsibility very seriously to keep you covered as well as informed. We’d like to help you understand your insurance coverage –
Georgia consumers are required by law to have automobile liability insurance for at least the minimum limits set by the state.
Here’s what liability coverage provides:
Bodily Injury Liability – covers the other person in the event that you are found at-fault in an accident. The key is that it involves you being held financially responsible for injuries to other people because of your driving, your ownership or other use of your vehicle.
Property-Damage Liability – handles damage that you may cause to another person’s property whether it is their car, their yard, a fence, home, or other property. Again, the coverage only applies when you are financially responsible for such damage and it has to be related to your use or ownership of a vehicle.
Uninsured Motorist Liability Coverage * – This coverage typically pays for injuries and/or property damage you suffer from an accident caused by a person who has no insurance; a person who can’t be located (“hit and run drivers”); a person who has let their insurance lapse; or a person who has insurance but their insurance company is insolvent.
Underinsured Motorist Coverage * – Similar to uninsured motorist, it pays for your injuries and/or property damage caused by a driver who carries liability limits too low to complete payment for damages. Example: You are seriously injured by someone carrying a bodily injury limit of $25,000, but your injuries are nearly $50,000. Underinsured Motorist Coverage can help you with the difference so you won’t have to pay out of pocket. The amount of pay out depends on whether you’ve chosen Georgia’s “Added-on” type of Underinsured Motorist Coverage or not.
Uninsured / Underinsured Liability Coverage is optional in Georgia and can be rejected in writing. Keep in mind that although Georgia law requires every registered vehicle owner to carry liability insurance, the fact is that some people still don’t. If you are injured or your vehicle is damaged by an uninsured driver, your insurance policy cannot help you with damages if these coverages are rejected. You would be responsible for your own repairs and/or medical bills.
Cars are expensive to buy and repair, providing great reasons for protecting them. If you borrow money to buy your car, or if you lease the vehicle, the lender or leasing company requires that you have coverage to pay for any damage to the vehicle. Below are typical coverages that apply either to the vehicle or to those operating the vehicle:
Collision coverage – Covers damage to your own vehicle that happens when your vehicle runs into another object, such as other vehicles, trees, light poles, etc. Your chosen deductible may apply.
Comprehensive (“Other Than Collision”) coverage – Covers damage to your own vehicle such as broken or cracked windshields, fire, theft, hitting an animal, vandalism, earthquake, flood, or hail. Your chosen deductible may apply.
Medical Payments Coverage – This typically handles medical expenses for injuries to you and/or your passengers regardless of who is at fault. It may also cover you and your household if you, as a pedestrian or a bicyclist, are struck by an automobile.
Towing and Labor coverage – This coverage is to help pay for your costs to be towed home or to a repair shop or for any repair that occurs at the location of the car’s breakdown. Note that this coverage is for labor rather than the costs of car parts.
Rental Reimbursement – If you are involved in a covered Collision or Comprehensive claim, this coverage enables the insurance carrier to cover expenses (up to your policy limits) to rent a car as a temporary replacement.
We will make sure you’re covered well, but will also make sure we’re saving you as much money as possible.
Many of our insurance carriers offer discounts such as:
· Claim Free / Good Driver
· Defensive Driving / Driver’s Education Course
· Multi-Car Discount
· Multi-Policy Discount
· New Car Discount
· Mature Adult Discount
· Memberships Discounts (such as AARP)
· Good Student Discount
Remember that this is merely an introduction to complex policy coverages. We suggest a review of your coverage at least once per year. There’s no charge for this service; we’ll make recommendations and provide you with all the coverage you may want.