If you’ve been a vehicle owner for a while, you’re aware of how expensive full-coverage auto insurance can be in Pasadena, CA. If you like living as frugally as possible, you might be tempted to try to get away with only carrying liability insurance on your vehicle. But is it a good idea? Is it possible? We at Reinas Insurance Agency Inc. are aware of the struggle to pay the high insurance rates in Pasadena, CA. Here is our stance on the probability of getting away with only liability insurance.
Is Your Vehicle Being Financed?
When a bank finances a vehicle for you, full-coverage insurance is almost always required as a condition of the contract. Therefore, you must carry full coverage insurance and not just liability insurance, or your car could get repossessed if the bank finds out.
Do You Drive Frequently?
If your car is fully paid for, yet you drive frequently, attempting to carry only liability insurance isn’t a good idea. While you’re not required to have full coverage insurance on a vehicle that you’re no longer making payments on, if you drive a lot, it’s smart to have. Why? Pasadena CA is a busy area full of many drivers. This increases the likelihood that you might become involved in a car accident, and you want to ensure you’re covered if you are.
We Are Here To Help
As you can see, there are several things that you need to consider before deciding to try to get away with only liability insurance. If you have an older car that you don’t drive much, liability might be the best option. However, if you have a late-model vehicle and you’re still making payments on it, full-coverage insurance is a must. If you need a new insurance provider, contact us at Reinas Insurance Agency Inc. for a quote, and hopefully, we can serve you like we have served so many other customers over the years.
When you own a business in California, there are a number of types of commercial insurance that you may need, depending on your type of business. There are also a couple of types that are mandated for certain businesses. It’s a good idea to know what the required policies are in case your business must have one. It’s also smart to look into other types of commercial insurance that you may need such as general liability and cyber insurance.
When you need any type of commercial insurance, call us at Reinas Insurance Agency Inc. in Pasadena, CA.
Workers’ Compensation Insurance
Workers’ compensation insurance is a type that protects both businesses and employees from the costs of accidents and illnesses that come with medical bills and other expenses. When someone is injured at work or gets a disease that is work-related, the policy will pay for expenses like lost wages and medical bills. This protects the liability companies have for workplace injuries and illnesses.
For employees, it makes the funds they need available to them in the event of an accident. It’s important for businesses to have this coverage not just because it’s required for all California businesses with any number of employees but also because it protects your business financially.
Commercial Auto Insurance
When you have a California business that owns a vehicle, it’s important to have a required commercial auto policy for it. This goes for all vehicles that your business owns. The policy is required to cover the vehicle against liability, but you can add other types of coverage as well. The law requires the policy to have coverage for both property damage liability and bodily injury liability. These only cover the damage done to someone else’s property or their injuries.
To cover your own property, you can add collision and comprehensive coverage onto your policy. This will protect the vehicle against a wide range of risks.
Get Your Commercial Coverage
When you need commercial insurance, we can help. Call us at Reinas Insurance Agency Inc. in Pasadena, CA.
Owning a home is a great way to build wealth as well as a way to be more independent. When you own a home, you need to have a home insurance policy to protect yourself. For most people, having home insurance is required for them. Virtually all lenders will require you to have this insurance, and most HOAs require it, too. When you need this insurance, call us at Reinas Insurance Agency Inc. in Pasadena, CA.
Protection for the Dwelling
You need the home itself to be protected against incidents that cause damage, and home insurance offers that protection. It’s important to have this insurance so that when certain incidents happen, such as specific types of disasters and accidents, you can get the repairs paid for by the policy. This can protect your investment from a wide range of risks.
Protection for Your Possessions
Your possessions also cost a lot of money, and you need to protect them. When you have home insurance, it covers your possessions in the home against certain incidents that can ruin or destroy them. This is valuable coverage because the value of everything when you add it together is considerable. Replacing everything on your own would likely cost too much to afford. With the policy, it will pay for the replacement of the items that were destroyed.
Protection for Your Liability
You’re liable for what happens in your home, and that includes outsiders who have accidents while on your property. If someone were to get injured in your home, the medical bills, lost wages, and other expenses would be paid for by you. When you have home insurance, the policy pays these bills.
Get Home Insurance
If you don’t have home insurance, it’s time to get it. Call us at Reinas Insurance Agency Inc. in Pasadena, CA.