Category: Auto Insurance

Rental vehicles are used when you cannot use your car for some reason, and this happens when there is a car accident or you are renting a car for your vacation or excursion. Your auto insurance is part of this process. How does this work? For expert advice, reach out to L & S Agency Inc. serving Buffalo NY.  

Rental Vehicles and Auto Insurance: What You Need To Know

Renting a Vehicle and Having Insurance Coverage

You have rental car coverage if you have any automobile insurance policy legally in the state of New York if you have fewer than five vehicles and do not have only a truck. This type of vehicle does not include rental car coverage. 

Your policy would pay for any damages to the rental vehicle, even if the cost is higher than a $10,000 property damage liability limit, for example. 

Rental Reimbursement Insurance

If you have Rental Reimbursement insurance you would use this if there was damage to your vehicle and you needed to use alternate transportation during a repair or until your vehicle can be used, such as due to an auto accident. A different type of insurance, Comprehensive,  automatically gives you a rental car if your vehicle is stolen. This helps you not worry about driving while you and your agency are resolving your auto accident or vehicle theft problem.

Call Us Today

Contact L & S Agency Inc. serving Buffalo, NY today so you can get the coverage you need for your rental vehicle and other insurance needs. 

Before you can decide if basic auto insurance is the right choice for you, it is important to know exactly what basic insurance is in New York. In New York, the required coverage is 10/25/50. New York has an additional requirement for death in an accident. At L & S Agency Inc. in Buffalo, NY, we know that as independent agents we work for our customers and we are responsible for making sure that your auto insurance meets your needs. 

 

Auto Insurance Facts to Consider

With 10/25/50 insurance you get $10,000 in property damage, $25,000 for injuries to one person, and $50,000 for more than one person. The death benefit is $50,000 for one person and $100,000 for more than one person. If you have a lot of assets, this may not be enough coverage to sufficiently protect you. In which case, basic coverage is not for you. 

If you have a car loan or lease, you won’t be able to get away with just basic coverage. You need to protect the vehicle as well, so you need to have collision and comprehensive coverage. This means basic insurance is not the right choice for you. As a matter of fact, you don’t even have that option. 

Once your car loan is paid off or you buy your leased vehicle, you have the option of having only basic coverage. But if you count on your vehicle for the things you do every day, is it a good idea? If you need your car to get to work and if you don’t have the money it might take to repair or replace your vehicle, then basic insurance is probably not the right insurance for you. You need the additional protection collision and comprehensive offers.

Contact L & S Agency Inc. in Buffalo, NY when you are ready to discuss exactly what type of auto insurance is right for you. 

 

Like almost every other state in the union, New York has auto insurance requirements for drivers. It has to do with protecting other drivers from you. That requires liability coverage. At L & S Agency Inc. in Buffalo, NY, our award-winning agents place the needs of our clients first and work with you to make sure that you have the auto insurance that you need at a price you can live with. 

The minimum required auto insurance in New York is $10,000 in property damage, $25,000 for the first bodily injury and double that if it results in death. $50,000 for the entire accident in bodily injury, and $100,000 if there are multiple deaths.  

If you have an auto loan or a lease, you will have additional requirements. You will be required to have collision and comprehensive coverage to protect your vehicle. Collision coverage will pay for repairs or for the replacement of your vehicle if you are the responsible party in an accident or if you are the only driver in an accident. Comprehensive coverage is for things that might damage your vehicle which are beyond your control. Things like hail and other weather-related damage, glass coverage, vandalism, and theft of your vehicle. 

You may want to have collision and comprehensive coverage even if it is not required. If like most people, you count on your vehicle to perform your daily activities, you need it to get repaired in the event it is damaged. Unless you can afford to do this easily out of pocket, you need insurance to help. 

If you are in the market for auto insurance, L & S Agency Inc. in Buffalo, NY has a team of experts to help with the search. Give us a call or stop at the office for a no-obligation quote. 

If you own a car in New York, you are required to have an insurance policy for it. Like other states, New York has specific mandates for the types of coverage you must have and the minimum required amounts for each. If you need auto insurance, contact us today at L & S Agency Inc. in Buffalo, NY to talk to an agent.

Liability Coverage Types

There are three different amounts that are required for various types of liability coverage. The first is a specific minimum amount for one person’s bodily injury that occurs during an accident. The second is a different number that is required for everyone who has been injured. A third amount is required for property damage that happens during an accident. All of these have minimum required amounts, but they are quite low amounts. It’s generally recommended that you get higher amounts of coverage so that you aren’t stuck paying the overage after your insurance maxes out. 

Uninsured and Underinsured Motorist

If you have an accident with a motorist who has either no insurance or very little insurance, your uninsured and underinsured motorist coverage can pay for you and your passengers’ injuries. There is one amount required for one person’s injuries and another amount for everyone who is injured in the accident. 

Personal Injury Protection

In New York, personal injury protection is required to pay for your own injuries in an accident. This amount can also be increased if you choose so that serious accidents can be paid for. 

Get Your Auto Insurance

Don’t take a chance and drive in New York without insurance. Even a moderate accident could destroy you financially. If you need auto insurance, or you want to add to the coverage that you have, contact us at L & S Agency Inc. in Buffalo, NY.