Saturday, October 1, 2011

5 Things You Did Not Know Your Insurance Covered

Here is an excerpt from a new blog post at GreggMarcus.com:
Your homeowner’s and car insurance policies include a lot of coverage that you probably have never thought about. In order to get the most value from your policy, Long Island Insurance Executive Gregg Marcus lists five things that you are most likely covered for already with your current premium payments:
1. An Injured Pet
Since pets cannot put on a seat belt in a vehicle, even a minor fender-bender can result in an injury for your pet and major veterinary bills. Depending on where you live and the insurance company you have a policy with, your car insurance could pick up the bill. Most require that you have comprehensive and collision coverage and will cover up to $600 in your pet’s medical bills.
2. Reckless Friends
If you lend your car to a friend for a few hours and they are in an accident, your own insurance policy will come to your rescue. Despite what people think, it doesn't matter whether or not your friend is insured for their car, because your own policy insures your vehicle plus “you, any relative and anyone else using your car if the use is with your permission.” Even if the friend who gets in the accident has his own car insurance, your insurance will pay for damage caused to others and, if you carry collision insurance, for damage to your car. However, you will have to pay your deductible for any collision claim.
To read this post in it's entirety, click here to visit the Gregg Marcus official website.