Are Your Possessions Covered by Your Auto Insurance Policy in Lansdale, PA?

Farrell Insurance Associate, Inc. offers various types of auto and home insurance to residents who live in the Lansdale, PA area. Many residents have questions concerning what their auto insurance covers when it comes to their personal possessions and what is covered if their car is broken into. First, it is important to know what type of coverage you have and whether or not you have a homeowner’s policy. Most insurance companies offer discounted rates for individuals who combine all of their policies into one. This not only saves money, but it also helps to keep things organized.

The only type of insurance that will cover your car once it has been broken into or vandalized is comprehensive or full coverage. While full coverage will pay for the damages to your car, it will not pay for the items that were stolen. You do have the option of turning the stolen items in on your homeowner’s policy, but that may be more costly. Homeowner’s policies are normally reserved for items of the most value that is why the deductibles are higher than for an auto policy. It may not be cost effective to turn the item in on your homeowner’s insurance if you have to pay a high priced deductible before you get the money to cover your lost items.

If you live in the Lansdale, PA area and have concerns about your auto insurance policy, call the agent of Farrell Insurance Associate, Inc. today. We can answer your questions and make sure you have the right policy for your individual needs. Also, for quotes right from home, try our online rating tool for your auto and home insurance policies.

Reasons to Drop Full Coverage

For many, the cost of car insurance is often a deciding factor when it comes to reducing coverage. Though you might think that you have to have full coverage, only those that still owe money on their vehicle are required by the lender to hold a full coverage policy. For those in the Lansdale, PA area, the agents with Farrell Insurance Associate Inc. can help you determine what policy is right for you.

There are a few different reasons why you might consider dropping full coverage in Pennsylvania. The first is that you have paid off your car and therefore are no longer required to have a full coverage policy. This might seem like a wonderful reason to drop full coverage, but it can also have some drawbacks. When you drop full coverage you are no longer going to be able to get your car replaced if it is totaled, you are simply going to get help with some medical bills and with the bills that are associated with the other driver’s insurance.

Another reason you might consider dropping full coverage is to save money on your monthly premiums. Full coverage policies cost more each month than liability coverage policies. You can save a great deal of money by switching to a liability only policy if you do not get into an accident. If you are in an accident, however, you could be out far more money than you would have paid in premiums.

No matter what you choose to do in Pennsylvania, a great agent can help to better explain so that you can find the policy that works best for you and your particular situation. For those in the Lansdale, PA area, the agents with Farrell Insurance Associate Inc. can help you find the perfect policy each and every time.