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825 Central Road Suite 1
Bloomsburg, PA 17815

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When Is Liability the Best Choice for Auto Insurance?

Auto insurance can feel like a bit of a minefield when you’re first getting started. It’s easy to choose based solely on price, which is why you may be considering liability for your policy. But as nice as the price may seem, it may not always be the right decision. The Good Insurance Group, LLC of Bloomsburg, PA wants everyone to have the facts so they don’t end up making a decision they regret. Here are a few things to keep in mind when determining if liability is the best choice for you. 

When Your Vehicle Is Paid Off

Liability-only is a policy that covers your car in case you hit someone else or damage another person’s property. It will not cover the damages for your car if you were the at-fault party. If you own your automobile, you’re free to make this decision on your own. However, if your car is leased or financed, your lender is going to want the additional protection. 

When You Have a Back-Up Plan 

If you rely on your car to get around, then liability may not be the best choice for you. If your car is severely damaged, you may not be able to get to work without the help of public transportation or the goodwill of friends or family. If you have a solid back-up plan for what will happen if your car is totaled, then liability could be a good choice. But you do need to think through the scenario before you decide on liability. 

The Good Insurance Group, LLC is here to help our clients get more from their insurance policies. If you have questions about the best type of auto insurance policy for you, visit our office in Bloomsburg, PA or give us a call today. We’re here to get you on your way. 

Three situations where commercial insurance is required

Having commercial insurance is always a good idea regardless of what type of business you have and what industry you work in. However, having commercial insurance is also a requirement in numerous situations. 

If you are required to have commercial insurance, you need to be aware of this and acquire the appropriate coverage to avoid fines or more severe consequences.

The following from The Good Insurance Group, LLC in Bloomsburg, PA are three situations where you may be required by law to have commercial insurance coverage:

When you have employees

A large portion of companies out there rely on hired help. If you have employees working for your company, you should have workers’ compensation and unemployment insurance. Generally speaking, these two types of coverage are required by law for any company hiring on full-time staff.

When you drive a vehicle for commercial purposes

You cannot rely on regular auto insurance to cover a car that is used for commercial purposes. You need to purchase vehicle insurance that is specifically for vehicles used for business activities.

If you use a vehicle both for commercial and personal needs, you need to discuss your insurance needs and the legal requirements you need to meet with your insurance provider. 

When you work in a profession that is subject to malpractice lawsuits

Some occupations are subject to malpractice claims. Perhaps the most common example is the medical profession. However, lawyers and other professionals can be hit with costly malpractice suits as well.

While there is no federal law requiring malpractice insurance for those working in these professions, there are state laws that require malpractice insurance. You need to be aware of the requirements you’re subject to if you’re working in a profession involving frequent malpractice issues. 

If you have questions or concerns regarding your commercial insurance needs, get in touch with us at The Good Insurance Group, LLC. We offer commercial coverage to businesses located in the Bloomsburg, PA area, and we’ll be happy to help. 

When is Home Insurance Required in Pennsylvania

For people that are in the Bloomsburg, PA area, owning a home and property is a great option to consider. When you do own your home, you will have a stable place to live and can also benefit from the long-term value appreciation that has typically come with real estate. To make sure that you are adequately covered, getting home insurance is always a good idea. There are several situations in which having home insurance will be a requirement for people in this area.

When a Mortgage is Taken Out

The first widespread situation in which you will need to get insurance for your home is when you take out a mortgage. When you have a loan out against your property, your lender is going to want to confirm that their collateral is adequately protected. One of the best ways to do this is by making sure you have home insurance. Most lenders will even require monthly escrow payments.

Association Rules and Regulations

Another factor that could impact whether or not you need to have home insurance is if you live in a community with a home association. Even if you have a single-family home, most community association agreements will require the owners to have home insurance. This will ensure that you can pay restitution during a liability claim or make repairs if your home is damaged by fire or weather.

Once you have found a home that you want to buy in the Bloomsburg, PA area, you should call the team at The Good Insurance Group, LLC. The insurance team at The Good Insurance Group, LLC will help you get into a home insurance policy that meets all of your necessary requirements and adequately covers your asset.