Category Archives: Auto Insurance Rates In MA

Does Your Small Business Need A Commercial Auto Policy?

Commercial Auto insurance protects the vehicles that your small business owns or leases. It also protects the passengers inside of those vehicles in the event of an accident. In addition, commercial auto insurance provides protection for vehicles that are owned or leased personally by the business owners, but are also utilized for particular business purposes. In essence, this type of insurance has a combination of both liability and property characteristics.

For example, the liability aspect protects your business if it happens to be at fault for causing an auto crash, and that accident causes bodily injury or damages to another party’s vehicle or property. The property portion protects the value of your vehicle against accidents, theft, and other types of dangers. The question at hand is does your small business need a Commercial Auto policy? Please read on in order to find out.

Do You Need A Commercial Auto Insurance Policy?

If your business owns or leases any vehicles that are titled in the name of the organization, than the answer is yes, you need a Commercial Auto insurance policy. The Commonwealth of Massachusetts requires every vehicle that is registered in the state to have a minimum amount of liability insurance coverage. If you own a small business you need to a Commercial Auto insurance policy for any vehicles that are owned or leased under your business or personal name, and are driven by employees, co-workers, clients, or volunteers.

In addition, you will need Commercial Auto insurance for any vehicles that are utilized for business purposes such as transporting clients, visiting work sites, or transporting goods and materials that directly relate to the operation of your business. If you transport goods or passengers for a fee, including ride-sharing services and package delivery, than you also need to take out a Commercial Auto insurance policy. You will also need Commercial Auto insurance if you own or operate a truck, box truck, dump truck, food truck, or other large truck or cargo type of work van.

Commercial Auto insurance does not cover your employees who drive their personal automobiles for business related purposes. For example, small businesses that have employees driving their personal vehicles when conducting business related errands, such as dropping off or picking up mail at the post office, should purchase a Hired And Non-Owned Auto Insurance policy in addition to their commercial auto coverage.

The policy is also available for small businesses that do not own or lease vehicle and or do not need commercial auto coverage, hire livery cars to pick up and drive around clients, and send employees on business trips where they rent vehicles. Hired And Non-Owned Auto does not cover commuting from home to work, or any personal type errands in vehicles that your business does not own.

Vehicles Covered Under The Commercial Auto Insurance Policy

Commercial Auto policies cover cars, sports utility vehicles, light pick up type trucks, and vans that are utilized for business related purposes. The policy will also cover large trucks that are typically excluded from Personal Auto policies such as box trucks, dump trucks, food trucks, service utility trucks, and trailers. Commercial Auto insurance is available for organizations with both small and large fleets that range from one (1) vehicle to many.

It is important to fully understand exactly what you are purchasing when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs now and in the future.

What ATV Insurance Actually Covers

All terrain vehicles, or ATVs for short, are certainly fun to drive. Some are used for work purposes, such as around the farm or hunting. However, most ATVs are purchased as recreational vehicles for weekend fun. Regardless of how you use your ATV, it is important to consider purchasing an ATV insurance policy in order to protect yourself when the unexpected happens to occur. Many ATV owners are under the false impression that they are fully covered under their homeowners or automobile policies. The following information will show you how important ATV insurance is, and what it actually covers.

Bodily Injury Liability

This coverage pays for damages associated with any other parties that are injured or killed in an accident associated with your ATV or off-road vehicle. It will also cover any legal fees resulting from litigation against the policyholder. In both circumstances, this part of ATV insurance will cover up to the claim limits of the policy. The limits of bodily injury liability are typically an amount per person and a total amount per accident, regardless of the number involved. In order to avoid injuries and liability claims related to an ATV, there are a number of things owners can do. Keep your ATV garaged or secured so that only those with permission and supervision can ride it.

Even if someone does not have permission to ride an ATV, you may be found liable for his or her injuries suffered while riding it. It is also extremely important to follow the guidelines of every ATV. Failure to adhere to them might compromise the vehicle’s performance or the rider. For example, every vehicle has weight restrictions. That means you should never overload any haul or cargo. Most four-wheelers are designed for one person. Ensure that the driver is the appropriate size for the ATV. Last but certainly not least; no one should ever operate an ATV under the influence of drugs or alcohol.

Property Damage Liability

This coverage is similar to bodily injury liability, except it pays for the cost of any damage an ATV driver might cause to another person’s property. This includes personal property, including any belongings, as well as their home or yard. Property damage liability also has a claim limit per damage incident. The limit is typically as much, or lower than the per-person limit of the ATV policy’s bodily injury liability insurance. For example, if an ATV or UTV insurance policy has a bodily injury limit of $25,000 per person/per accident, the same policy’s property damage limit might be $25,000 or lower.

Medical Payment

This coverage is optional. Medical payments coverage pays for any medical expenses incurred by people riding your ATV. It will cover things like surgeries, X-rays, a hospital stay, and even transportation via ambulance.

Uninsured/Underinsure Motorist

This coverage is optional. In the event that you or someone riding your ATV are injured by someone else who either does not have insurance, or not enough of it, these coverage’s will pay for your expenses. Typically, if someone else were at fault for your injury or damages, their insurance company would cover those costs they are responsible for. However, even when insurance is required by law, some individuals might fail to purchase it. Uninsured/underinsured coverage for ATV insurance also has claim limits. Like bodily injury liability, uninsured and underinsured motorist coverage’s have limits per individual and per accident.

Collision

This coverage is optional. It pays to repair any damages to your ATV caused by a collision with another vehicle. It also covers damages if your ATV overturns. Policyholders choose a deductible, which is the amount they pay before their insurer begins to cover cost. The insurance company will cover up to the value of the ATV. In order to keep premiums low, an owner of an ATV with a low value might choose to forgo this coverage, so you may want to determine how much your ATV is worth before adding it to your policy. Collision coverage is often required of owners who financed the purchase of their ATV or are leasing it.

Comprehensive

This coverage is optional. Comprehensive coverage pays for damages to an ATV that are not caused by a collision with another vehicle. It also covers losses due to theft, vandalism, flooding, earthquakes, fires and other issues. Just like collision, comprehensive coverage has a deductible. For example, if someone steals your ATV, you could file a comprehensive claim and your insurer would pay up to the cash value to replace it.

In conclusion, an ATV insurance policy is a smart choice for any ATV owner. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your ATV insurance policy and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs.

Characteristics That Affect Your Auto Insurance Rates In MA

There are a plethora of factors that determine the rates that Massachusetts drivers are required to pay in order to insure their personal vehicles. That being stated, there are just as many myths that surround this hot button topic. So we decided to separate the facts from the fiction in order to provide you with a better understanding of how the system works. Our goal is to explain the factors that determine why you are paying more or less for auto insurance than your family, friends, neighbors, and co-workers.

So without further ado, the following information will teach you all about the characteristics that affect your auto insurance rates in MA, and some myths that have absolutely zero impact.

Does The Make, Model, And Year Of Your Vehicle Determine The Auto Insurance Rate?

The answer to this questions is YES. It is a true fact that the make, model, and year of your vehicle goes a long way in determining your auto insurance rate. Cars, trucks, and sports utility vehicles are assigned a safety rating. The safety rating determines the chances of the vehicle getting into a serious accident, and the insurance companies take this into account. For example, automobiles with higher safety ratings have lower insurance premiums than automobiles with lower safety ratings.

In addition, your vehicle’s year, make, and model have a direct impact on its value. If your auto insurance policy includes comprehensive and collision coverage than the dollar amount of protection that these coverage’s provide is typically set to be equal with the value of your car, truck, or SUV.

Does The Color Of Your Vehicle Determine The Auto Insurance Rate?

The answer to this question is NO. Although a great deal of drivers are under the false impression that the color of their automobile helps to determine the price that they are required to pay for insurance, nothing could be further from the truth. Most likely this myth was formulated due to the fact that certain colors are more noticeable to police officers when moving down the road. For example, if you drive a brightly colored vehicle, particularly red, than you may be at more risk of a speeding ticket than someone that drives a white automobile.

Does Your Driving Habits Determine The Auto Insurance Rate?

The answer to this questions is YES, YES, and YES. Your driving habits have an enormous impact on how much you pay for auto insurance. In fact, your driving habits affect the premiums in multiple ways. For example, automobile insurance underwriters consider whether or not you have moving violations, if you have been in any accidents, and how many miles you drive on average per year. The majority of drivers are aware that negative driving records increase insurance rates.

In MA, each moving violation increases your auto insurance premium for seven (7) years. That means speeding tickets end up costing a lot more money than the initial fine. The good news is that your driving habits do not necessary have to affect your auto insurance premiums in a negative way. Many insurance companies are now utilizing advances in technology to develop devices that track how quickly you accelerate, how long it takes you to slow down, and how far you drive each day.

If you happen to be a cautious driver, the device will help to verify your good driving habits. Your insurer may even offer you discounts on the policy based on this information.

Does Your Credit Score Determine The Auto Insurance Rate?

In most states across the country, insurance companies can and typically do consider credit scores when calculating auto insurance premiums. That means having a low credit score or no credit can significant increase the policy rates. The good news is that the Commonwealth of MA has banned this practice, so the answer to this question is NO. If you live in MA, your credit score will not impact your auto insurance premium.

Please call (508) 831-0133 to contact an associate at Zawada Insurance to walk you through the details of your auto insurance policy and explain your coverage options. We look forward to helping you with all of your personal and or business related insurance needs.