Insuring one's home isn't just something a person should do because it is required. In the event of a disaster that causes you to lose property of significant value, this insurance is the only thing that can help you to get back on your feet.
However, getting home insurance isn't as easy as going to any insurance agent and taking out a policy. There are other factors you have to take into account first.
Modifying a car changes its value and accident risk, which is why your auto insurance coverage might not extend to a modified car or the modified part. Here are some of the factors that determine whether your coverage applies to your modified car:
Reason for the Modification
The reason for the modification or what the modification will achieve is one of the premiere factors that determine whether it is covered or not.
When was the last time you shopped around for auto insurance? If it's been more than a year, then it may be time to do a little shopping by obtaining quotes from reputable carriers in your area. After all, why should you pay more than you need to for coverage on your vehicle? There are also some other "red flags" you should be on the lookout for that could indicate you're paying too much for your current auto insurance coverage.
The name Commercial General Liability (CGL) insurance can be misleading because it makes it sound as if it covers all liabilities your business may face. However, each type of CGL coverage does have its exclusion just like other lines of business insurance, and they include the following:
If your commercial operations cause bodily injury or property damage to others, then it is the Coverage A section of your CGL that will come to your rescue.
Not everyone gets a car – or even a driver's license – as a teenager. If you're a young adult navigating your first time buying a car and auto insurance, it can be a little bewildering. And if you weren't previously on your parents' insurance, insurance companies won't consider you to have been previously insured, which means your rates might be even higher than they would be for a young adult driver who had a good driving record as a high schooler.