Moving into a new house is an exciting time. But it can also come with a steep learning curve.
From the moment you get the keys, you’ll start to discover what makes your home unique – including the many systems that make it function.
As you familiarize yourself with the ins and outs of a new space, it helps to start with the basics. Because, let’s be honest: The best time to find your water shut-off valve is before your first leak – not after.
Here are 15 essential things you should know about in your new house:
Electric panels. Knowing the location of your home’s electric box will quickly pay off the first time you trip a breaker. Typically, electric panels are located in a basement, garage or utility closet. After finding them, familiarize yourself with the design of your breaker box. Know how to turn off the main circuit, as well as individual breakers. If the breakers aren’t labeled, take some time to turn each circuit off and correctly label the areas of your home they power.
Water shut-off valve. Whether you need to replace a leaky faucet or prevent a burst pipe from flooding your home, it’s important to know how to quickly turn off the water supply. To do this, you’ll need to locate the shut-off valve connected to the main water line entering your home. If your home has a basement, check for the shut-off along one of the outside walls. If your home does not have a basement, check for the water shut-off at ground level near your hot water tank. After you find it, make sure everyone in your home knows where the shut-off is located in case of a plumbing emergency.
Because things like sewer and drain backup or flooding can happen at any time and can be expensive, consider adding Extended Water coverage1 from Erie Insurance. It protects you if you have damage from floods caused by natural disasters, along with other causes of loss such as water backup from sewers or drains. With Extended Water, you’ll have coverage for direct physical loss to your home, garage or other structures, and personal property that’s been damaged as the result of an extended water event.
Gas shut-off valve. Depending on your home’s configuration, a number of appliances may be fueled by natural gas – including your water heater, fireplace, furnace, oven, dryer and more. Local building codes typically require that every natural gas fixture has its own shut-off valve. But in case of a gas leak, you should also know how to turn off the main gas supply in your home. In most cases, your main gas shut-off valve will be located outside the home near the gas meter (it may also require the use of a wrench). And remember: natural gas leaks can be deadly. So if you suspect a gas leak in your home, call 911 and evacuate the area immediately.
Dryer vent. Did you know that clothes dryers cause roughly 15,500 home structure fires, 29 deaths, 400 injuries and $192 million in direct property loss each year? To help protect your home from dryer fires, make sure you clean the lint from your dryer – and dryer vent – regularly. To clean your dryer vent, start by locating the point where it exits the house. This will likely be on an outside wall near your laundry room. But depending on your home’s design, the dryer could also vent through the roof. Then, use a dryer vent cleaning kit (available at any home improvement store) to remove any trapped lint. And make sure the vent isn’t obstructed from the outside.
Sewer or septic lines. Nobody likes thinking about the wastewater system in their home. But if you ever experience a major plumbing issue, it helps to know where the key components of your sewer or septic system are located. If your home is connected to a city sewer system, find where your main sewer line exits the home and check for a cleanout valve. If you have an older home and the sewer cleanout isn’t serviceable, consider getting it replaced as preventative maintenance. For septic systems, you’ll also want to know where your tank access points are located, as well as any inspection ports.
Well location. If your home isn’t connected to a city water supply, make sure you know the location of your well. Depending on your home’s design, the well may be located indoors in a crawlspace or basement. If you can’t find it inside, look for signs of a well cap, casing or pit in your yard. Knowing the location and general design of your well system can help expedite repairs if part of your system begins to leak or fail.
Meter locations. To measure your home’s gas, electric and water use, each utility service will have its own meter. After locating these meters, be sure to keep the area around them clear and easily accessible.
Furnace filters. A clean furnace filter not only improves the air quality of your home – it also helps your furnace run more efficiently. Depending on the design of your furnace, experts recommend replacing the filter every 30 to 90 days. Note the location and size of your furnace filters, then pick up a few replacements to have on hand. We put together a helpful article addressing all of your furnace filter questionsalso.
Crawlspace and attic access. Every attic and crawlspace is different. Some may provide access to utilities and appliances, while others are just empty space. Either way, it helps to know how you can gain access to each area of your home – just in case. It’s also helpful if you hear little feet running around up there and need to check your attic for squirrels.
Sprinkler system. Does your new home have a sprinkler or irrigation system? If so, take the time to understand how it works. This includes learning how to set the timers, shut off the system and winterize the pipes to prevent freeze damage.
Smoke alarms. Ensure that you have at least one smoke alarm on every level of your home. Then test them regularly to confirm the batteries work. You may also want to check the expiration date (smoke detectors should be replaced every 10 years). If you have young children, let them hear the sound of an alarm in advance. This will help them recognize the sound during an actual emergency.
Property lines. After you buy a new home, familiarize yourself with its exact property lines. You can do this by using a metal detector to find the stakes buried at your property lines, or get a surveyor to mark the lines for you. Not only will this help you decide where to install your fence or landscaping, it can also prevent potential property disputes from your neighbors.
Sump pump. Failing sump pumps are a notorious cause of home flooding. To ensure your sump pump is working properly, test it a few times each year. You can do this by pouring water into the sump pit until the pump kicks on. To protect against damage caused by a failing sump pump, you may also want to consider adding an ErieSecure Home® bundle to your homeowners insurance policy. Our Plus and Select bundles give you the option to add Sewer or Drain Backup coverage2, which covers losses caused by water that overflows from a sump pump.
Gutters and downspouts. Poor drainage can be a common cause for wet basements. Help direct rainwater away from your home’s foundation by inspecting your gutters and downspouts. Make sure the gutters are clear and test any underground drains with a garden hose to check for clogs. If water starts backing up, you’ll want to clear the lines or redirect your downspouts away from the home. Regularly inspecting your home can also help prevent heavy rain from doing a number on it when it hits.
Fireplace. If your home has a gas or wood-burning fireplace, familiarize yourself with how it’s designed. Learn how to operate the damper (it should be open when using the fireplace and closed at all other times). The Chimney Safety Institute of America also recommends that your chimney is inspected once a year to protect against risks associated with fire and carbon monoxide.
Looking After You
Home owning has many rewards, but it also involves its share of demand. As an Erie Insurance customer you can rest assured – knowing that while you’re looking out for your home, we’ll be looking out for you.
Are you familiar with Employment Practices Liability Insurance (EPLI)? If not, you’re in the right place! Today, we’re breaking down everything you need to know about this essential coverage and why it matters for your business.
So, What Exactly is EPLI Insurance?
Think of EPLI insurance as your business’s safety net against employment-related claims. You know, those tricky situations like discrimination, harassment, wrongful termination, and more. It offers protection for your company when faced with legal challenges related to how you manage your employees.
Here’s Why You Need It:
Protection from Lawsuits: If an employee files a claim against your business for discrimination, harassment, or wrongful termination, EPLI insurance has your back. It helps cover legal costs, settlements, and even defense expenses, saving you from potential financial headaches.
Peace of Mind: Running a business is stressful enough without worrying about potential lawsuits. With EPLI insurance, you can breathe easier knowing you have a plan in place to handle employment-related issues.
Attract and Retain Talent: A business that takes care of its employees is a magnet for top talent. By having EPLI coverage, you show your commitment to creating a fair and safe workplace, which can help you attract and retain skilled workers.
Protect Your Reputation: We all know how important reputation is in business. EPLI insurance helps you manage employment disputes discreetly, preserving your company’s good name in the eyes of customers, partners, and employees.
How Does It Work?
Getting EPLI coverage is pretty straightforward. You work with an insurance provider (like us!) to customize a policy that fits your business needs. Then, if a claim arises, you notify your insurer, and they’ll guide you through the process, handling the legal stuff so you can focus on running your business.
Ready to Get Started?
If you’re interested in learning more about EPLI insurance and how it can benefit your business, get in touch with us today! We are here to help you navigate the world of insurance and find the right coverage for your needs.
We posted a blog about an umbrella insurance policy before, but since it’s been a few years, let’s review again.
In today’s world, insurance is a common aspect of financial planning. Most people have auto, home, and life insurance policies to safeguard their assets and loved ones against unexpected events. However, there’s one crucial type of coverage that often goes unnoticed but can prove to be a lifesaver in dire situations: umbrella insurance.
Picture this: You’re involved in a car accident that results in the tragic loss of life, and a jury awards the deceased’s family $900,000, factoring in the potential earnings of the victim. Or perhaps you’re helping a friend with some home improvement tasks when an accident occurs, leading to a severe injury that costs over $1.2 million in damages. These scenarios may seem improbable, but they highlight the harsh reality of personal liability claims.
This is where umbrella insurance comes into play. Essentially, it provides an additional layer of protection beyond the limits of your existing homeowner’s or auto insurance policies. With umbrella coverage, you can secure an extra $1 million or more in liability protection, shielding your assets and financial future from the potentially devastating impact of high jury awards.
Why might you need umbrella insurance? Consider this: if you have a job with significant earning potential or own assets that could be seized to satisfy a judgment, you’re at risk of facing substantial financial losses in the event of a lawsuit. An umbrella policy acts as a safety net, offering peace of mind knowing that you’re prepared for the unexpected.
Despite its extensive benefits, umbrella insurance is surprisingly affordable. The peace of mind it provides far outweighs the relatively low cost of premiums. If you need to use an umbrella policy, you are dealing with a catastrophic event! The possible financial losses can be mitigated with a simple umbrella policy.
So, do you need an umbrella policy? The answer is a resounding yes, especially if you want to ensure that your hard-earned assets and future earnings are shielded from the potentially devastating consequences of a personal liability claim.
Don’t wait until it’s too late—reach out to your insurance agent to learn more about how umbrella insurance can safeguard your financial well-being.
You’re driving on New Circle Road or downtown Lexington and you hit a pothole, a manhole cover, or something similar on the roadway.
BAM! Your car sustains subsequent damage; do you have any recourse with the Department of Transportation? Should you file a claim on your auto insurance for the damage to your tire/wheel/rim?
There are mechanisms in place to protect drivers from the potential negligence of government entities. In Kentucky, the Board of Claims helps to ensure that individuals who have suffered damages due to such negligence receive a thorough and impartial review of their claims.
It’s essential to understand the process when considering filing a claim with the Board of Claims. Anyone who believes they have suffered damages can initiate the process, seeking restitution. Whether it’s property damage, personal injury, or financial loss, the Board is here to provide a platform for resolution. This also applies to damage caused by the roads.
It’s also important to note that the Board of Claims considers various factors when evaluating a claim, including any compensation received from other sources, such as private insurance. This practice helps to ensure fairness and prevent double recovery for the same damages.
For those who may need assistance navigating the application process or require a paper copy of the claim form, reach out to the Board’s office at 502-782-8255 for support and guidance throughout the process. You can also check out their website at www.kyc.ky.gov.
However, if you aren’t successful going down this path, contact your insurance agent to discuss the coverage you may have on your policy to help with the damage. You may also be served by paying for the damages out of pocket. Check with your agent to find the right solution for you.
Today, we’re diving into a topic that’s essential for safeguarding your company: Employment Practices Liability Insurance, or EPLI for short. Whether you’re running a small family business or maintaining a larger company, understanding EPLI insurance could be the key to protecting your business from potential legal troubles related to employment practices.
Let’s start with the basics.
In simple terms, EPLI insurance is like a safety net for your business when it comes to employment-related claims. These claims could range from allegations of discrimination and harassment to wrongful termination and beyond. Essentially, EPLI steps in to cover the costs associated with defending your business against such claims, including legal fees and potential settlements.
Why You Need EPLI Insurance:
Legal Protection: Facing a lawsuit from an employee can be financially draining for any business. EPLI insurance offers a layer of protection by covering the expenses involved in defending against employment-related claims. Did you know if an EPLI case isn’t dismissed, you could be looking at thousands and thousands of dollars? For businesses of all sizes, the average jury award is about $250,000; if a case settles, the judgment averages $75,000. And the cost of defense averages about $120,000 per claim. If a business loses its case, it must also pay for the claimant’s legal fees – averaging $200,000.
Peace of Mind: Running a business is challenging enough without worrying about potential legal battles. With EPLI coverage in place, you can have peace of mind knowing that you have a plan in place to address employment disputes if they arise.
Protecting Your Reputation: A lawsuit can not only hurt your finances but also damage your company’s reputation. EPLI insurance helps you manage employment disputes discreetly, minimizing the negative impact on your brand image.
How Do I Buy EPLI?
Getting EPLI coverage is a straightforward process. You work with an insurance agent to customize a policy that fits your business needs. Then, if a claim is made against your company, you notify your insurer, and they handle the rest, including legal proceedings and settlement negotiations.
Employment-related claims are a reality for businesses of all sizes. However, with EPLI insurance, you can take proactive steps to protect your business from the financial and reputational risks associated with such claims. So, if you haven’t already considered EPLI coverage for your company, now might be the perfect time to explore your options and ensure that your business is well-prepared for whatever challenges come its way.
If you’re ready to learn more about EPLI insurance and how it can benefit your business, don’t hesitate to reach out to us! We are here to answer your questions and help you find the right coverage for your unique needs. Let’s work together to keep your business protected and thriving!
At Castle Insurance, we’re all about helping you navigate the complexities of business risks with confidence. If you’re running a business, you know that having the right insurance coverage is crucial. Let’s dive into the basics – General Liability Insurance – your ultimate safety net!
What’s Covered:
Bodily Injury Liability: Picture this: You’re hosting a bustling event, and someone takes a spill. No sweat! General Liability Insurance steps in to cover those medical bills and legal fees if someone gets injured on your premises. Another great example is a slip and fall on your business premises.
Property Damage Liability: Workers from a snow removal company make a mistake with a snowplow, damaging a parked vehicle. Or perhaps your delivery personnel, installers, or handymen working within a client’s home accidentally knock over and break an antique item. Oops! Your insurance has your back, handling the costs to fix or replace whatever got damaged.
Advertising Injury: Ever worry about rubbing someone the wrong way with your marketing? Fear not! General Liability Insurance covers sticky situations like defamation claims or copyright issues – it’s all included for most types of businesses!
What’s Not Covered:
Professional Liability: We all make mistakes, but when it comes to professional errors, General Liability Insurance won’t cover you. If your services lead to a mishap, consider Professional Liability Insurance for that extra layer of protection. If your industry requires a license or certification, you need this type of coverage.
Employee Injuries: Your team is your backbone, but if they get injured on the job, General Liability Insurance won’t foot the bill. That’s where Workers’ Comp Insurance comes in handy, ensuring your employees are taken care of.
Intentional Acts: Keep it cool, stay ethical, and avoid intentional harm. If things go south and you’re found to have caused harm deliberately, your insurance might not come to the rescue. Just be a good person and good business owner.
With General Liability Insurance on your side, you can tackle business challenges with peace of mind. and focus on what you do best.
As a business owner, the responsibility of managing a company extends far beyond the bottom line. Ensuring the safety and well-being of your employees is not only a moral duty but a strategic move for the longevity of your business. One integral aspect of this commitment is understanding the ins and outs of workers’ compensation insurance. In this blog, let’s embark on a journey to unravel the significance of workers’ comp insurance, demystifying the processes involved, including estimating premiums and navigating through audits.
Decoding Workers’ Compensation Insurance:
Workers’ compensation insurance is like a safety net for both employers and employees. It’s designed to provide financial protection in the unfortunate event of a work-related injury or illness. This insurance not only supports your team members during challenging times but also shields your business from potential financial pitfalls.
Why is it Essential for Business Owners?
Legal Compliance: In Kentucky, you are required to carry work comp insurance for your employees AND any contractors (1099) that work for you throughout the year. Non-compliance can lead to legal troubles, fines, and headaches you’d rather avoid. So, it’s not just about doing the right thing; it’s about staying on the right side of the law.
Employee Well-being: Your team is the backbone of your business. Workers’ comp ensures that they receive the care and financial support they need in case of a workplace injury or illness. This not only helps them recover faster but also builds a sense of trust and loyalty towards your company.
Financial Protection for Your Business: Accidents happen, and when they do, workers’ comp shields your business from the financial fallout. It’s not just about avoiding lawsuits; it’s about ensuring that your business stays financially robust, even in the face of unexpected challenges.
Understanding the Estimated Premium Process:
Estimating the premium for workers’ compensation insurance involves considering various factors unique to your business. This includes the type of industry you operate in, the size of your workforce, the nature of your operations, and your historical claims record.
Let’s break down these factors:
Industry Influence: Certain industries naturally carry more risks than others. The nature of your business activities significantly influences the premium. For instance, if you’re in construction, expect a higher premium compared to an office-based business.
Workforce Size Matters: The number of employees directly impacts the premium. A larger workforce generally means more exposure to potential risks, which may result in a higher premium.
Claims History: Your business’s track record with claims is a critical factor. A history of frequent or severe claims might increase the premium. On the flip side, a strong safety record can contribute to lower insurance costs. Work with your insurance agent to be sure you are utilizing all resources for risk management regarding your employees.
Demystifying the Audit Process:
Insurance providers conduct audits to ensure the accuracy of the premium calculations. This involves a thorough review of your payroll records, employee classifications, and other relevant documents. The aim is to align the initial premium estimate with the actual risk exposure of your business.
Navigating the landscape of workers’ compensation insurance might seem complex, but it’s an investment that pays off in more ways than one. As a business owner, it’s about safeguarding your team, complying with the law, and fortifying the financial resilience of your enterprise. By understanding the factors influencing premiums and the audit process, you empower yourself to make informed decisions that not only protect your employees but also secure the future of your business. Workers’ compensation insurance isn’t just a requirement; it’s a strategic move towards a safer, more stable, and thriving business.
Homeowners across the nation, including Kentucky, have been noticing a steady rise in their insurance rates, leaving many wondering why. Let’s look at the various factors contributing to the surge in homeowner’s insurance rates, shedding light on the complex landscape of risks and changes that insurers are navigating.
Rising Risks: One of the primary drivers behind the surge in insurance rates is the increasing frequency and severity of risks. Natural disasters such as hurricanes, floods, and wildfires are becoming more common. Frozen pipes bursting, wind and hail storms and tornadoes in Kentucky in 2023 are the leading factors in the rising risks profiles here.
Cost of Home Repairs: As the cost of living continues to soar, the expense of home repairs has followed suit. A roof repair that used to cost $8,000 is now an average cost of $13,500 – almost double what it was even a few years ago.
Technological Advancements: The integration of smart home devices and advanced security systems has become a prevalent trend among homeowners. While these technologies enhance security, they also pose new challenges for insurance companies. Repairing and replacing these systems is costly.
Climate Change Impact: Climate change is undeniably affecting the frequency and intensity of extreme weather events. The last 12 months in Kentucky have seen some of the most active weather events we have witnessed in decades. Sub-zero temperatures causing frozen/burst pipes. Too many hail and wind storms to count. Tornadoes. Unprecedented flooding. Obviously, the premium impacts these events have on home insurance can’t be overstated.
Data Breaches and Cybersecurity: In an era dominated by technology, data breaches and cybersecurity threats are on the rise. Many homeowner’s policies provide coverage for these types of claims, which can affect rates as well.
Policyholder Behavior: Not to be overlooked is the impact of policyholder behavior on insurance rates. Neglecting home maintenance or leaving valuables exposed can increase risks, prompting insurers to adjust rates accordingly. Filing claims for minor incidents is another big mistake many homeowners make. Homeowners not taking proper precautions with swimming pools, trampolines, and dogs contribute to claims and premiums.
As we navigate the landscape of rising homeowner’s insurance rates, it becomes evident that a confluence of factors is at play. From the changing climate to technological advancements and individual behaviors, understanding these dynamics is crucial for both homeowners and insurers.
For personalized advice tailored to your unique circumstances, consider consulting with your insurance agent. Whether it’s exploring risk mitigation strategies or understanding policy options, they can provide valuable insights to help you navigate the evolving landscape of homeowner’s insurance.
We’ll discuss ways to mitigate higher premiums in another blog post, so keep an eye out for that information!
The holiday season is a time of joy, laughter, and festivities, but it’s also essential to prioritize safety to ensure that your celebrations remain merry and accident-free. As your favorite insurance agent, I am here to provide you with valuable tips to safeguard your home, loved ones, and belongings during this magical time of the year.
Secure Your Home Against Burglaries: The holiday season often sees an increase in burglaries. Before leaving for holiday gatherings or vacations, double-check that all doors and windows are securely locked. Consider investing in a smart home security system for added protection. This not only helps prevent break-ins but may also make you eligible for insurance discounts. Also, post your away-from-home Christmas travels on social media AFTER you return. Don’t advertise that you will be gone to Aruba for a week beforehand.
Mindful Decoration Practices: While decking the halls, it’s crucial to be mindful of your decoration choices. Opt for flame-resistant or flame-retardant decorations to reduce the risk of fire hazards. Keep candles and decorative lights away from flammable materials and never leave them unattended. Water your Christmas tree regularly, and if you choose an artificial tree, ensure it is labeled as fire-resistant.
Travel Safety Precautions: If your holiday plans involve travel, take precautions to ensure a safe journey. Before hitting the road, make sure your vehicle is in good condition with all necessary maintenance completed. Plan your route in advance, check the weather forecast, and allow extra time for potential delays. Keep emergency supplies in your car, such as a first aid kit, blankets, and non-perishable snacks.
Protecting Your Personal Liability: Hosting holiday gatherings is a cherished tradition, but it’s essential to consider your personal liability. Ensure that your property is free of hazards that could lead to accidents, such as slippery walkways or loose rugs. Keep an eye on guests, especially if alcohol is involved, and encourage responsible drinking. Confirm that your homeowner’s insurance provides adequate liability coverage for potential incidents.
Safeguarding Your Gifts and Valuables: The holiday season often involves the exchange of gifts and the presence of valuable items in your home. To protect these cherished possessions, consider taking inventory of your valuable belongings and ensuring they are adequately insured. Documenting items through photographs and keeping receipts can expedite the claims process in case of loss or damage.
By implementing these safety tips, you can enjoy a festive and worry-free Christmas with your loved ones. Remember, a little precaution goes a long way in safeguarding what matters most. Wishing you a safe and joyful holiday season!
by RaeAnna Barstowon September 20, 2023 (Erie Insurance)
Looking for ways to save money on your insurance? You may be eligible for valuable discounts on your auto policy. We want to make sure you’re getting the best value for your dollar based on the coverage you and your family need.
That’s where a coverage review with your agent comes in. Are you driving less? Or are you adding more drivers? These are just a few things that can make you eligible for savings. Take a look at the list below to see if you might be eligible for any of these discounts1 (and then talk to your ERIE agent).
Find out if ERIE is right for you. A local agent will be in touch.
Your Window to Savings
Less is More. If you’re a claims-free driver and have the record to prove it, check out ERIE’s Diminishing Deductible2option available in the ERIE Auto Plus® endorsement.
Lock in Your Rate. Avoid insurance rate increases, even after a claim, with ERIE Rate Lock®.3 Your rates won’t change until you make certain changes to your auto insurance policy, like adding or removing a driver or changing your primary residence.
Everyone Deserves a Break. With First Accident Forgiveness, you won’t be penalized and get a surcharge the first time you’re at fault in an accident after you’ve been an ERIE Customer for three or more years.4
Customize for Your Needs. The higher your deductible, the lower your premium can be. You can adjust your deductible to fit your specific needs and budget (keep in mind some lenders stipulate how high a deductible can go).
The More the Merrier. If you insure multiple cars or have multiple policies with ERIE, there could be discounts available. Talk to your ERIE agent.
On the Road Again…or Not. If you plan to store your vehicle for 90 consecutive days or more, ERIE offers a reduced usage discount in most states.
Simply Say Safety. You may be able to save if your car has safety equipment like factory-installed air bags, anti-theft devices and anti-lock brakes (anti-lock discount not available in Kentucky).
Just Once. How about if you want to pay your annual premium (premium is just a fancy word for the price of insurance) in one lump sum? There’s a discount for paying in full up front.
Young Drivers. Unmarried drivers under 21 who reside with their parents may be eligible for additional savings on their car insurance.5
Savings Are Just a Conversation Away
Every penny counts – we get that! And that’s why we want to ensure you’re getting the best value for every dollar spent on your insurance. If you have questions regarding specific discounts or would like to see different pricing options, we encourage you to talk to your ERIE agent. After all, who doesn’t like to save a little money?
Savings percentages are over individually purchased policies when combined with life and/or personal catastrophe liability coverage policies. Discounts subject to eligibility criteria and rates and rules in effect at the time of purchase. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for more information.
2Coverage must be purchased to be added to an auto policy. The deductible is reduced by $100 for each claims-free year that this policy has been in force, beginning with the first policy renewal period after this endorsement was added, up to a maximum reduction of $500. In New York, comprehensive deductible cannot be reduced to less than $50 and collision deductible cannot be reduced to less than $100.
3Rates subject to change if you add or remove a vehicle, add or remove a driver, or change your address or the location where an insured vehicle is principally parked. ERIE Rate Lock® does not guarantee continued insurance coverage. Not available in all states and referred to as ErieSelect in Maryland. Limited to three years in Virginia. Insured must meet applicable underwriting guidelines. Premium may change if you make a policy change. Refer to our disclaimer for more information.
4Available after policyholder has been insured with ERIE for three years and has been accident free for those first three years. Available immediately in North Carolina. In New York, First Accident Forgiveness is available immediately with ERIE RateProtectSM policy but applies to first paid claim, except for Roadside Service claim. Not available if Rate Protection Endorsement is chosen.
In today’s challenging economic climate, saving money wherever you can is more important than ever. Homeowners are facing rising costs for everything from groceries to gasoline, and home insurance is no exception. The good news is that there are still ways to save on your home insurance even in a hard market.
In this blog post, we’ll explore some smart strategies to help you keep your home insurance costs in check.
Shop Around for the Best Rates: Don’t settle for the first insurance quote you receive. Insurance rates can vary significantly between providers, so it pays to shop around and compare prices. Use online tools and resources to get multiple quotes and see which insurer offers the best value for your specific needs.
Bundle Your Policies: Many insurance companies offer discounts to customers who bundle their home and auto insurance policies with them. Bundling can save you a substantial amount of money, so it’s worth exploring this option with your current insurer or when seeking new coverage.
Raise Your Deductible: Increasing your deductible can lower your insurance premium. Just be sure that you have enough savings set aside to cover the higher deductible in case you need to make a claim. A higher deductible can make sense for those who are financially prepared for unexpected expenses.
Improve Home Security: Making your home more secure can lead to lower insurance premiums. Installing burglar alarms, smoke detectors, deadbolt locks, and even a home security system can reduce the risk of damage or theft, making your home a safer bet for insurers.
Maintain Good Credit: Believe it or not, your credit score can impact your home insurance rates. Insurers often use credit scores to gauge your level of financial responsibility. Maintaining a good credit score can help you secure lower insurance premiums.
Review and Update Your Policy Annually: Don’t just set it and forget it when it comes to your home insurance policy. Life changes, and so do your coverage needs. Review your policy annually to ensure it aligns with your current circumstances and make adjustments as necessary.
Ask About Discounts: Many insurers offer various discounts that you may not be aware of. These can include senior discounts, military discounts, or even discounts for certain professions. Don’t hesitate to ask your insurer about potential discounts that you may qualify for.
In a hard market, saving money on home insurance may require a bit more effort, but it’s entirely possible with the right strategies. By taking these steps and exploring your options, you can secure the coverage you need without breaking the bank.
Remember that every homeowner’s situation is unique, so finding the best savings strategy for your specific circumstances is key to protecting your home and your wallet.
The thrill of the open road, the freedom of the highway – these are the things that make driving so exhilarating. Or maybe you’re just running your regular work/school/errands routes. But let’s be honest, life doesn’t always follow our perfectly planned routes. Sometimes, you find yourself stuck with a flat tire in the middle of nowhere, or your battery decides to call it quits during an unexpected downpour. That’s when your auto insurance policy’s secret weapon comes into play: Road Service.
In this blog post, we’ll discuss why it’s best to have road service as your backup plan, but also why you should aim never to use it. Buy AAA road service and use it instead if you can.
Road service is like that emergency tool you keep in your car’s trunk, just in case. It’s an additional feature of your auto insurance policy (if you have purchased it) designed to offer assistance when you’re in a bind on the road. Whether it’s a flat tire, a dead battery, or running out of fuel, road service is there to save the day.
Now, let’s explore why you should aim to keep your road service unused:
The most important reason NOT to use your insurance policy’s road service is it can affect your insurance rates and eligibility.Any time you a file claim for anything, it is counted against you as a claim. If you have too many claims, including road service claims, you can be ineligible for better rates with the premium insurance companies. A couple hundred dollars worth of road service claims over the course of a couple years can cost you way more in higher insurance rates.
Savings: While road service is undoubtedly a valuable addition to your insurance policy, using it means you’re dealing with a breakdown or emergency. Avoiding these situations altogether can save you both stress and potential out-of-pocket expenses.
Smooth Travels: Every driver wants a hassle-free journey. By taking proactive measures to maintain your vehicle, like regular maintenance and checking your tire pressure, you can significantly reduce the chances of needing road service.
Self-Reliance: There’s a sense of accomplishment that comes with resolving minor car troubles yourself. Learning basic car maintenance skills can empower you to handle common issues and reduce your dependence on road service.
Avoiding Emergencies: Sometimes, using road service means you’re in an emergency situation. By being a cautious and attentive driver, you can reduce the likelihood of these high-stress events.
While we encourage you to strive for a road service-free existence, there are situations when it’s entirely appropriate to call for help:
Safety First: Always prioritize your safety. If you’re in a dangerous location, such as a busy highway or inclement weather conditions, it’s better to use road service than to risk personal harm.
Lack of Knowledge: If you’re unfamiliar with basic vehicle repairs or don’t have the necessary tools, don’t hesitate to contact road service. It’s safer to leave it to the professionals.
Road service is a valuable resource, but it’s best left unused whenever possible. While you should have it in your back pocket as a safety net, strive for a trouble-free journey by taking care of your vehicle, practicing safe driving habits, and being prepared for unexpected situations. The goal is to enjoy the open road without ever having to dial that road service hotline.
This summer’s blockbuster, “Barbie,” hit theatres July 21. Bringing in a record-setting $155 million in the opening weekend alone proves that many of us would love to spend a day in those pink high-heeled shoes.
Barbie’s Assets
If you’ve never been a Barbie fan you may not realize the luxury life that was created for her.
A dreamhouse that in the real world would cost more than $2.5 million, a pink customized convertible, 30-foot customized motorhome, and so much more.
Here at Erie Insurance, we wondered…just how much would it cost to insure such a lifestyle?
Barbie’s Real Dreamhouse: A giant pink covered 4,900 square foot home with features including an elevator, spiral staircase, walk-in closet (of course), four bedrooms, three-and-a-half bathrooms and an in-ground pool. A home like this, with all the high-end extras and finishes on the lake in Erie, Pa., would cost anywhere from $7,000 to $8,000 a year to insure with ERIE.
Corvette & Camper: This 2023 Chevy Corvette convertible has all the latest bells and whistles. Yes, it’s pink too. And the real-life version of this playtime favorite camper comes fully furnished with a custom kitchen that includes a stovetop, oven and refrigerator. To cover these automobiles with a traditional ERIE auto policy would come with a yearly premium of $12,293.
We know there can be a lot to consider when it comes to insurance. That’s why with ERIE, you get your own personal insurance agent to help. Talk to one today.
It doesn’t matter if you are living the dream on the Malibu coast or a humble abode in Erie, Pa., we all love a good deal.
So why not take advantage of bundling, Barbie?
Erie Insurance offers multi-policy discounts that vary depending on the state where your auto and home are insured, or you can bundle with a life insurance plan through ERIE.*
So, if you insure multiple cars or have multiple polices with ERIE (life insurance or home policy plus auto insurance), discounts could apply, up to 25%.
If Barbie was able to secure policies with ERIE, she would save more than $4,000 by bundling! She could use those savings to buy, I don’t know…maybe a pink motorcycle?
Are you looking for more ways to save? ERIE offers a variety of insurance discounts so you can get the coverage you and your family need for the best value. Be sure to contact your ERIE agent to learn more about multi-policy discounts as well as other available discounts, and see what you could save.
This is a hypothetical story. Premiums and discounts were calculated based on certain assumptions. For specific coverages and costs, please reach out to a local ERIE agent.
*ERIE offers multi-policy discounts up to 25%, depending on your state, when you purchase your auto, home and life policies with us. Life products are not available in NY, discounts are up to 12% when bundling home and auto insurance. Savings are based on individually purchased policies. Discounts subject to eligibility criteria and rates and rules in effect at the time of purchase. Certain terms and limitations may apply, see policy for specific coverage detail.
In our fast-paced lives, it’s easy to overlook the importance of organizing our final documents, passwords, will, and other essential information. Humans don’t like thinking of their own mortality.
However, taking the time to gather and secure these vital assets is an act of profound responsibility and care for ourselves and our loved ones. In our agency, we have had several clients pass away in 2023 and have been working with their families to assist with making changes to insurance policies, cancelling coverage, and other pertinent details. This made me think about setting things up at my house for my family, to help them with concrete ways to facilitate my end of life. I hope I’m here for a very long time, but in just in case, I want to have everything organized and ready. Peace of mind for them and a smooth transition is very important to me.
Organizing your final documents empowers you to take control of your affairs, even beyond your lifetime. By compiling and maintaining a comprehensive record of your important information, you ensure that your wishes are known and respected. This includes your will, insurance policies, medical directives, and any other legally significant documents. Here are some proactive steps that grant you the power to shape your legacy and ensures that your desires are carried out precisely as you intended.
Losing a loved one is an emotionally challenging time, and navigating through their affairs can add unnecessary stress and complications. By organizing your final documents, you alleviate the burden on your family and friends, sparing them from the arduous task of searching for vital information and guessing your intentions. Your thoughtfulness will provide them with a roadmap to handle your affairs efficiently, allowing them to focus on healing and cherishing your memory. You don’t want your family to be fighting about the details or leave them unclear on how to carry out your wished.
Having all your final documents in order ensures that financial matters are dealt with swiftly and accurately. By centralizing information about your bank accounts, investments, debts, and assets, you enable your loved ones to handle your financial affairs effectively. This organization can save your family from potential legal and financial complexities that may arise due to inadequate documentation. It’s a responsible step that enables your beneficiaries to access the resources they need promptly. Put everything in a box or file folder that is easy for loved ones to find.
In today’s digital age, it’s equally important to consider the security of your digital presence. Compile a list of your online accounts, passwords, and important digital assets. Consider using a password manager or secure digital vault to store this sensitive information. By taking these precautions, you protect your digital legacy, prevent unauthorized access to your accounts, and simplify the process of digital asset management for your loved ones.
Organizing your medical information and directives is vital to ensure that your healthcare wishes are honored. Compile a document that includes your medical history, any existing conditions or allergies, and instructions regarding medical interventions or treatments. Share this information with your healthcare providers and loved ones. By doing so, you ensure that your health-related preferences are respected, particularly if you become unable to communicate or make decisions independently.
Taking the time to organize your final documents, passwords, will, and other essential information is an act of love and consideration for yourself and your loved ones. Don’t delay any longer—start organizing your final documents today to secure a better tomorrow for yourself and those you care about. Find the professionals to help and spend a few dollars if needed!
As an insurance agent, my goal is to protect individuals and their assets from potential risks. With the upcoming festive season, one hazard that deserves special attention is fireworks. While fireworks are beautiful and a traditional part of many celebrations, it is crucial to understand the potential dangers they pose. In this blog post, I aim to shed light on the risks associated with fireworks and provide practical tips for a safe and enjoyable celebration.
Personal Injury Risks
Fireworks are essentially explosives, and mishandling them can lead to severe personal injuries. Burns, lacerations, and eye injuries are some of the most common firework-related accidents. Even seemingly harmless sparklers can reach temperatures exceeding 1,200 degrees Fahrenheit, which is hotter than the melting point of some metals. It is essential to exercise caution when handling any type of fireworks to prevent accidents and the subsequent medical expenses.
Property Damage
Fireworks not only pose a risk to individuals but also to their property. Accidental fires can result from improper use, such as setting off fireworks too close to buildings, trees, or other flammable materials. The financial burden of repairing or rebuilding damaged property can be significant, making it crucial to minimize the risk of fireworks-related incidents.
Legal Consequences
Aside from the physical dangers, the use of fireworks can also have legal implications. Many areas have specific laws and regulations regarding the use of fireworks, and violating these rules can result in hefty fines or legal penalties. It is essential to familiarize yourself with local regulations and restrictions before purchasing or using fireworks to avoid legal consequences that may impact your finances.
Tips for Celebrating Safely
Attend Professional Fireworks Displays: Instead of organizing your own fireworks show, consider attending a professional display organized by trained experts who take all necessary safety precautions, such as the city’s display downtown.
Respect Local Laws: Familiarize yourself with local laws and regulations regarding fireworks. Always purchase fireworks from authorized sellers and follow usage guidelines.
Keep a Safe Distance: Ensure there is ample space between fireworks and any nearby structures, trees, or people. A minimum distance of 30 meters (100 feet) is generally recommended.
Never Relight a Dud: If a firework fails to ignite or fully discharge, do not attempt to relight it. Wait at least 20 minutes and then soak it in water before disposing of it properly.
Protective Gear: When handling fireworks, wear protective eyewear and avoid loose or flammable clothing. Keep a bucket of water, a fire extinguisher, or a hose nearby in case of emergencies.
Children and Pets: Keep children and pets at a safe distance from fireworks, as they may not understand the risks involved. It may be best to keep pets indoors! Supervision is crucial to ensure their safety.
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While fireworks can add excitement and wonder to celebrations, it is essential to prioritize safety. By following safety guidelines, being aware of local laws, and making informed decisions, you can enjoy a festive occasion without putting yourself, your loved ones, or your property at unnecessary risk.
Remember, a few minutes of precaution can save you from weeks or even months of regret. Celebrate responsibly, and have a safe and memorable time!
Hey there, insurance seekers! Today, we’re diving into the marvelous world of independent insurance agents (like yours truly).
These unsung heroes of the insurance industry possess powers and quirks that make them a cut above the rest, especially when compared to their captive counterparts. So buckle up and prepare for a wild ride through the world of independent insurance agents!
The Power of Choice:
Picture this: You’re stranded on an insurance island, surrounded by a sea of policies. But fear not! Your trusty independent insurance agent swoops in like a superhero, armed with an impressive array of insurance options. Unlike captive agents (like State Farm or Kentucky Farm Bureau for example) who are confined to a single insurance company, these independent daredevils have the power to compare and contrast policies from multiple carriers. They’ll help you navigate the murky waters of insurance jargon, ensuring you find the perfect policy at the right price.
A Sense of Adventure:
If you’ve ever had the pleasure of interacting with an independent insurance agent, you know they’re far from boring. These daring individuals inject excitement and humor into the world of insurance. Who knew discussing policy deductibles could be so entertaining? With their infectious enthusiasm and quick wit, they’ll have you laughing your way to coverage like never before. Or at least feeling like you have some options!
The Sherlock Holmes of Policies:
Ever feel like finding the right insurance policy is akin to solving a mind-bending puzzle? That’s where your friendly neighborhood independent insurance agent comes in! They possess an uncanny ability to investigate your unique needs and tailor a policy just for you. Armed with their magnifying glass and a vast knowledge of the insurance landscape, they’ll uncover every nook and cranny of your coverage requirements. With their trusty deductive reasoning and penchant for detail, you’ll feel like you have an insurance detective on your side.
Personal Connection Experts:
One of the greatest assets of independent insurance agents is their ability to forge genuine connections with their clients. They don’t see you as just another policyholder; they see you as a unique individual with hopes, dreams, and a few quirks of your own. These charming agents take the time to understand your personal circumstances, enabling them to provide personalized advice and recommendations. Plus, they’re always up for a friendly chat, ensuring your insurance interactions are as enjoyable as they can be.
Your Insurance Sidekick:
Superheroes often have sidekicks who help them in their quests, and the same goes for independent insurance agents. Their sidekick? Unbiased advice! These heroes are not beholden to any specific insurance company, so you can rest assured that their recommendations are based solely on your best interests. It’s like having a trusty sidekick who always has your back, ensuring you get the coverage you need without any ulterior motives.
So, the next time you’re on the hunt for insurance, remember that independent insurance agents are here to save the day with their superpowers of choice, adventure, investigation, personal connection, and unbiased advice. They’re the heroes you never knew you needed, armed with knowledge to make your insurance journey a delightfully memorable one. Well, as delightful as insurance can be!
Until next time, insurance enthusiasts, stay covered and keep smiling!
Insurance rates can increase for several reasons, including:
Increased Risk: Insurance companies base their rates on the amount of risk they are taking on. If the risk of insuring you has increased, then your rates may go up. For example, if you’ve been in an accident, filed multiple claims, or have a poor driving record, your risk level may have gone up.
Inflation: Inflation can cause insurance rates to increase over time. As the cost of goods and services goes up, insurance companies may need to charge more to keep up with the increasing costs. This is a big factor in insurance rates right now. Buckle up! This trend is continuing for the foreseeable future.
Changes in Coverage: If you’ve made changes to your policy, such as adding additional coverage or decreasing your deductible, your rates may increase to reflect these changes.
Market Conditions: Insurance rates can be affected by market conditions, such as the supply and demand of insurance products, the cost of reinsurance, and the overall health of the insurance industry. All of these items are big factors in higher insurance rates right now.
Legal and Regulatory Changes: Changes in laws or regulations can also impact insurance rates. For example, if a state mandates that all drivers carry higher levels of liability insurance, rates may go up to reflect the increased coverage.
If you’re concerned about your insurance rates, you may want to speak with your insurance provider to better understand why your rates have increased and if there are any steps you can take to lower them. Maybe you can save a few dollars and spend the savings on the kids!
Spring cleaning can be a great way to freshen up your home and create a clean and organized living space.
Here are some spring cleaning tips for homeowners:
Make a plan: Start by making a cleaning checklist or plan of action. Divide your home into different areas or rooms and prioritize which ones need the most attention. Having a plan will help you stay organized and focused.
Declutter: Before you start cleaning, declutter your home. Go through each room and get rid of items you no longer need or use. Donate or sell them if they are in good condition, and discard anything that is broken or beyond repair. Decluttering will make your cleaning process easier and give you more space.
Deep clean carpets and rugs: Vacuuming alone may not be enough to remove deep-seated dirt and dust from your carpets and rugs. Consider renting a carpet cleaner or hiring professionals to deep clean them. This will help eliminate allergens and give your carpets a fresh look.
Dust and wipe surfaces: Dust all surfaces, including furniture, shelves, countertops, and electronics. Use a microfiber cloth or electrostatic duster to capture the dust effectively. Wipe down surfaces with a suitable cleaner to remove grime and fingerprints.
Clean windows and window coverings: Take the time to clean your windows inside and out. Use a glass cleaner and a lint-free cloth or newspaper for streak-free results. Don’t forget to clean your blinds, curtains, or shades as well. Vacuum or wipe them down to remove dust buildup.
Scrub kitchen and bathroom: The kitchen and bathroom are areas that require extra attention. Clean and disinfect countertops, sinks, faucets, and appliances in the kitchen. In the bathroom, scrub the toilet, bathtub, shower, and tiles. Pay special attention to grout lines, as they can accumulate dirt and mold.
Refresh bedding and upholstery: Launder your bedding, including sheets, pillowcases, and duvet covers. Consider washing or dry cleaning your pillows and comforters. Vacuum upholstery using an appropriate attachment to remove dust and debris. If needed, spot clean stains or consider professional upholstery cleaning.
Clean out the refrigerator and pantry: Empty your refrigerator and pantry to clean the shelves thoroughly. Check expiration dates and discard any expired or spoiled food. Wipe down the interior surfaces and organize items before returning them.
Don’t forget the outdoors: Summer cleaning isn’t limited to the indoors. Clean your outdoor spaces, such as patios, decks, and furniture. Sweep away debris, wash outdoor cushions, and scrub any dirty surfaces. Also, check your gutters and downspouts for debris and ensure proper drainage.
Safety first: Remember to wear protective gloves, goggles, and masks when handling cleaning chemicals or working with dust and allergens. Open windows for ventilation while cleaning. Be careful if you need to use a ladder. Follow the manufacturer’s instructions on cleaning products and use them as directed.
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Remember, cleaning can be a big task, so break it down into manageable steps and pace yourself. Involve family members or hire professionals if needed. The goal is to create a clean and comfortable living space that you can enjoy throughout the year. A clean and well-maintained home helps minimize insurance claims and saves money in the long run.
But as you give your Erie Insurance agent a call to add the new car to your car insurance policy, you realize their office is closed for the day. Now what? Can you drive your new ride home; or do you need to wait until Monday?
Is My New Car Insured if I Buy it on the Weekend?
If you’re a current ERIE customer, you’ll be happy to know that your new car will be automatically insured – even if you buy it on a Saturday or Sunday. Here’s how your coverage rollover works under a few different scenarios:
Replacing an old car. Your current auto policy doesn’t just vanish when you trade in your old vehicle. As long as your new vehicle is titled in your name, your coverage will carry over, for a period of time as described below, when you buy a new vehicle of the same type.
Buying an additional car. If you’re buying an additional vehicle, or just decided not to sell or trade your old car just yet, your newly purchased car will still be covered. In this case, it will be insured, for a period of time as described below, with the broadest coverage purchased on any vehicle on your ERIE policy for your household.
How Much Car Insurance Coverage Will I Have on My New Vehicle?
When we roll over your auto insurance to a new vehicle, we provide the broadest coverage purchased on any vehicle on your ERIE policy for your household.
Here’s an example: Let’s say you, your spouse and your teenage son are all on the same ERIE policy. Your spouse’s newer SUV is covered with high limits and multiple endorsements. However, you opted not to get all the bells and whistles on your teenage son’s old, high-mileage clunker. When you buy a new car, the broadest coverage – in this example, what’s on your spouse’s SUV – is what will temporarily apply to your new ride.
Are There Any Instances Where Coverage Rollover Does Not Apply?
As explained above, your auto insurance will almost always roll over to your new vehicle. However, there are a few exceptions you should know about.
Not all your cars are insured by ERIE. If you own one or more private passenger vehicles that are not insured with ERIE, then your car insurance from ERIE will not automatically roll over. In this situation, you should always call your ERIE agent in advance to add the new car to your policy before driving home.
You buy a motorcycle or RV. ERIE’s car insurance coverage rollover only applies for vehicles of the same type. That means if you already have a car insured with ERIE and you’re buying a new car, the coverage rollover applies. But if you’re buying a first-time motorcycle or RV, your auto coverage won’t roll over since you’re buying a different type of vehicle. (Read more about insurance for miscellaneous vehicles.)
What if the Dealer Needs to Verify My Insurance Coverage?
When buying a new car, the dealer may require you to verify your insurance coverage before handing over the keys. You can access your ID card directly2 from your online account or ERIE mobile app, or your local ERIE agent will be happy to verify your coverage.
How Long Do You Have to Report Your New Car?
If you’re actively car shopping, it’s smart to talk to your agent ahead of time. If you’re looking at a specific make and model – say, a certain zippy hybrid or a four-wheel-drive pickup – your agent can help you estimate what you’ll pay in premium and suggest ways to save.
When you do buy a new car, remember to report any changes promptly to your ERIE agent – preferably the next business day. But if you forget, don’t stress: You’ve got wiggle room. Your ERIE agent can help you personalize your policy with coverage that might make sense for your new vehicle.
In general, here’s how things work with three common types of coverage:
Liability coverage: Let us know about your new vehicle before the end of your policy period. If you buy your new vehicle within 30 days of the end of your policy, just make sure you report it to us within 60 days after acquisition, purchase or lease.
Comprehensive and collision coverage: When these coverages roll over from your existing policy, the lowest deductible applies. If you didn’t have comprehensive and collision on your old car, the coverages will apply, subject to a $500 deductible. However, the coverages will end seven days after you acquire, purchase or lease the vehicle or when you report the vehicle to us, whichever comes first.
What Information Do I Need to Report a New Vehicle?
Have this information on hand to report your new car to your insurance agent:
Make, model and year
Expected annual mileage
General usage information (such as how far you drive – for work or pleasure)
Vehicle identification number (VIN)
Titling and lienholder information
Will My Insurance Go Up When I Buy a New Car?
You could see some changes to your insurance premiums when you buy a new car. Remember: What you pay on your auto insurance bill depends largely on two factors: what you drive and how you drive.
Safer cars do a better job protecting the people inside them. Purchasing a vehicle with safety features like car alarms and anti-theft tracking devices can lower your premium, too.
It’s true: A new car depreciates the moment you drive it off the lot. That means if your car gets totaled, you could be in a tough spot if the value of your car is less than what you still owe on your car loan.
Good news: There’s a smart way to protect your investment. Talk to your local ERIE agent about adding the Auto Security coverage endorsement1 to your ERIE auto policy for a few extra dollars per month.
Buying a used car? The endorsement also offers “better vehicle replacement” for older vehicles.
We’ve Got You Covered
There’s nothing quite like the feeling of taking home a new car. Whether you’re buying your first set of used wheels or moving up to your first brand new ride, we’re here to offer protection and service for your pride and joy.
If you are sitting at a red light and are rear ended, I’m pretty sure you are going to have an opinion of who is at fault in that accident! It’s pretty cut and dried – not much room for interpretation. But did you know that if you are injured in this accident, the first $10,000 of your injuries will be paid through an insurance claim with YOUR insurance company. Why is that?
Kentucky’s “no-fault” law, officially known as the Motor Vehicle Reparations Act (MVRA), is a type of car insurance system that requires drivers to carry personal injury protection (PIP) coverage. This coverage provides benefits regardless of who caused the accident, which means that each driver’s insurance company pays for their own medical expenses and lost wages resulting from the accident, up to the limits of their PIP coverage.
Under the no-fault system, drivers can only sue the other driver for damages that exceed their PIP coverage, such as pain and suffering, permanent injury, or disfigurement. In order to pursue these types of damages, the injured party must meet certain legal thresholds, such as having medical expenses that exceed a certain amount or having suffered a serious injury. As you can see, it has nothing to do with damage to your car.
Overall, the no-fault system is designed to streamline the claims process and reduce the number of lawsuits resulting from car accidents. However, it can also limit the ability of injured parties to recover full compensation for their damages, particularly if their injuries are not severe enough to meet the legal thresholds required for a lawsuit.
