Is Basic Auto Insurance Sufficient?

Most motorists know that car insurance is a worthy investment that can save you when things get tricky. However, most are likely to stick to the state-required car insurance to save money. While this might look like a well-thought-out saving plan, you will regret it when faced with a significant accident.

So, should I stick to basic auto insurance? LG Insurance Group of Marietta, GA explains why it’s risky to go this path.

Why minimum auto insurance is never enough

To expound on why basic car insurance is never enough, let’s look at the auto insurance requirements for Georgia. Motorists are required to have a car insurance policy that satisfies the following requirements:

  • Bodily injury liability of at least $25,000/$50,000
  • Property damage liability with a minimum of $25,000
  • Uninsured motorist property damage of at least $25,000 with certain deductibles

When you look at these insurance limits, you might think they are enough, but you will find they are inadequate when faced with a significant auto accident. For instance, assume you are responsible for an accident that causes property damage of $20,000 and bodily injury of $100,000 to multiple persons. Your state-required liability insurance will cover these liability claims up to $75,000. As for the balance of $45,000, you will cover it from your pocket unless you have enough liability coverage to foot the entire third-party bill. See why basic insurance is never a good idea? It can easily land you in a financial mess.

What we tell our clients

Since basic insurance is never enough, we usually advise our clients to increase the coverage limits. For motorists who want super-high liability coverage, we recommend considering umbrella insurance.

Secondly, we advise our clients to consider other insurance policies. Examples include:

  • Collision coverage
  • Comprehensive coverage
  • Personal injury protection (PIP)
  • Roadside assistance, and so on

Want a sound car insurance policy in Marietta, GA? Please get in touch with LG Insurance Group for a quote.

Side Hustles & Entrepreneurism Risks: Are You Covered?

After businesses shuttered and U.S. workers were sent home at the height of the pandemic in 2020, a report from Dollar Sprout revealed that more that 27% of those with a side hustle rely on that income to pay their bills. They might be doing anything from tutoring, freelance writing, offering professional consulting services, walking dogs or delivering groceries, to name a few.

The Dollar Sprout report also revealed that:
• Of those with a side hustle, 18% expect to turn it into a full-time source of income.
• Although 23% lost side-hustle income because of COVID-19, 42% remain hopeful about their prospects.

While the pandemic reshaped the workplace, the prevalence of home-based businesses had already given rise to ETSY, the fourth largest U.S. ecommerce site by monthly visits, where people sell everything from crafts and antiques to handmade toys and items for weddings, among other things.

The community of freelancers is increasing steadily. The Freelancers Union, established in 1995, says:
• There were 57 million U.S. freelancers in 2020.
• Americans rack up more than 1 billion freelance hours each week.
• Freelancers contribute more than $1 trillion annually to the U.S. economy.

New models of work create different insurance requirements. As individuals take on side hustles to generate more income or out of a desire to operate their own businesses, they also take on risks. If you have a side hustle, you need to insure yourself accordingly.

Liability insurance tops the list. Your Trusted Choice Independent Insurance Agent® can help you evaluate your side business, assess your existing coverages, and determine if you need a professional or business liability policy in addition to personal insurance. As a highly trained professional, your Trusted Choice agent can advise you of the specific or often overlooked coverages you should consider, and then assemble competitive product choices for you from the insurance marketplace.

Why is this so important? Even the most benign gig could destroy an individual financially in the absence of appropriate insurance coverage. Imagine a child takes a nasty tumble in your home while there for a piano lesson or a client accuses you of plagiarism: You will be liable. Or consider the costs you would be responsible for if the dog you’re walking breaks loose and attacks a pedestrian. The right policy can protect you.

Cyber insurance is also a growing consideration. If you set up an online store to sell crafts or homemade baked goods and a hacker steals your customers’ credit card data, what would be the cost to you? Would you be able to recoup your losses? Cyber insurance can protect you in the event of a breech whether your computer is hacked or your phone containing private information is stolen.

Auto insurance. Some automotive policies are for personal use only. Others may cover a business-related accident, but with limited coverage. If your side hustle involves driving and you get into an accident, do you know whether your insurance will cover you? If not, check with your Trusted Choice agent before an accident occurs.

Even if you are employed as a delivery driver, you need to know whether the company’s insurance covers you and what the limits are for collision, liability and medical. Talk with your independent agent, so you’ll know if you need a commercial policy for adequate protection.

Fire insurance. You probably have a homeowners or renters policy that provides coverage for losses incurred in a fire. But what happens if you operate a home business and spent thousands of dollars on office equipment? Will the insurance extend beyond your personal belongings to cover that equipment? Or, for that matter, will it cover the materials you purchased to make the items that you sell, or the business inventory you store at home?

Find answers before you need to make a claim, and avoid potentially devastating surprises. Your Trusted Choice agent can explain where your personal coverage ends, and where the gaps are in your business coverage.

As your business grows, be sure to inform your Trusted Choice agent so they can work with you to adjust your coverages and ensure the policies keep pace with your needs — especially if you hire workers or engage a contractor. Your agent can advise you about workers’ compensation insurance and employment practices liability insurance. Your agent also can review your contractor’s proof of insurance to determine if it meets your business’s needs.

Think of your Trusted Choice agent as a business partner who has your interests at heart. Your agent will work with you every step of the way as you grow your side hustle and reap the fruits of your efforts. Contact LG Insurance Group today if you have any questions regarding your insurance needs.

Summer Driving Tips

A family road trip in Marietta, GA can be the perfect summer activity but you need to make sure your car is up for the task.

What to Do Before You Go

Before you hit the road, get your car serviced. This includes an oil change, tire rotation, battery check, and tune-up. If you have stuck to a service schedule then your vehicle should be ready to go. Regardless of when you got your car serviced last, you want to double-check some basic safety equipment, such as tires, lights, the cooling system, fluid levels, wiper blades, and air conditioning. Check to make sure your insurance is up to date by speaking with an agent at LG Insurance Group. 

Pack an Emergency Roadside Kit

It’s still possible for a well-maintained car to break down so you should have some supplies with you. While a cell phone tops the list, other things you should have to include a flashlight, jumper cables, work gloves, basic repair tools, a first aid kit, and non-perishable food and drinking water.

Safety First

Protecting your family should be on top of the list in Marietta, GA. Be sure that every passenger is wearing his or her seatbelt at all times. If you are traveling with children, make sure they are in an appropriate car seat and that it is installed correctly. Don’t leave children unattended in the vehicle and remember to lock the car when exiting so children don’t get trapped inside.

Stay Alert

A long trip can be taxing so be sure to plan time to stop and get in a stretch. You may even want to consider switching drivers.

Avoid Risky Driving Behaviors

The focus of the driver should be driving and there shouldn’t be any distractions, including cell phone usage, drinking, eating, or using in-vehicle technologies. Obey the posted speed limit and be sure to share the road with other motorists out for their summer fun.

Contact LG Insurance Group to get a quote on auto insurance.

How to Keep Your Vehicle Clean for the Summer

Keeping your vehicle clean throughout the summer can be difficult to do. In Marietta, GA, the independent insurance agents at the LG Insurance Group are available to help you with your auto insurance policy. They can also find ways to help you keep your vehicle clean throughout the summer months.

Stop the Sunlight

The sun can be just as damaging as rain to a vehicle. If your vehicle sits outside most of the day, you should consider moving it under a shady area while you’re at work. If you can, think about buying a car cover. If you’re going to leave your car for an extended period outside without shelter, a car cover would protect against fading.

Battery Maintenance

Most people might think that car batteries are more troublesome in the winter, but during the summer there are some issues that could cause your battery to fail. Temperatures can soar over 90 degrees and heat can quickly lead to battery fluid evaporation. If you see corrosion coming from the battery you can use baking soda and water to remove the corrosion.

Tire Pressure in the Summer

Check your tire pressure at least once a month during the summer. When the weather is hot, your tires can blow out if they are under inflated. Use the tire pressure label located on the inside of your car door panel to know how much air you should put in your tires. You can also check your vehicle owner’s manual for the correct amount.

Take a ride over to LG Insurance Group in Marietta, GA to talk about getting coverage for your vehicle. You’ll also be glad to know that their independent agents will also be able to assist you with homeowners, life, and commercial insurance when you’re ready.

 

Tips for Keeping Your Car in Peak Condition

Car repairs may cost you an arm and a leg if allowed to escalate.  As such, it is vital to be on the lookout for any faults that may break down your ride.  Here are a few tips to keep your car in peak condition;

Follow the servicing schedule
Servicing your car involves more than an oil change and filter replacements. A comprehensive vehicle service involves inspecting the vehicle thoroughly for signs of wear and tear and replacing the broken parts. Have an expert perform the servicing as they have the right tools and equipment. 

Keep your car clean
Keeping your car clean is not only about keeping it aesthetically appealing, but also keeping it in optimal working condition. A dirty car damages your paint and could even lead to engine failures. Regularly wash and wax your car’s exterior to preserve its value and extend its lifespan. Dirty windows significantly increase the chances of an accident as they reduce visibility. Keeping a car’s interior clean and litter free rids it of harmful bacteria. 
Have it insured
There are wear and tear costs that could be covered under your insurance policy, hence the need to have one. For instance, windscreen cracks and chips are mostly covered, although you might be asked to bear some of the cost. Leaving small chips unattended ultimately leads to large cracks. Such can result in an MOT failure especially if the crack is on the A-zone. Besides, having an insurance policy ensures that you are covered should your car be damaged in an accident. 

Looking to have your vehicle insured in Marietta, GA? Contact the LG Insurance Group for a free estimate. We work with experienced agents who will guide on the ideal coverage options for your vehicle. 

What Type of Auto Insurance Do You Need in Marietta, Georgia?

Throughout the state of Georgia, the minimum type of auto insurance that is necessary to legally operate a motorized vehicle is liability insurance. Protecting yourself while driving is essential to avoid losing your license or being charged with a misdemeanor, which is possible if you are pulled over by police without proper insurance registered to your vehicle. Obtaining insurance can be done with the help of our professional insurance specialists at LG Insurance Group, serving Marietta, GA.

Whether you are prepared to opt for comprehensive and full auto insurance to protect both you and other drivers on the road or if you are looking to get liability insurance to keep from potential lawsuits, we are here to assist through the process. When you have liability insurance, your own vehicle and protection is not granted, but you are able to avoid financial debt if you are involved in an auto accident with other motorists that may have been harmed or have had damage done to their vehicles. We offer a wide range of coverage options that serve Marietta, Georgia, regardless of your current financial situation and what you are able to afford to protect yourself and your vehicle anytime you are on the road. We facilitate the process of obtaining insurance while guaranteeing you are protected in the system after you have registered a vehicle and want to begin driving to avoid potential penalties.

For more information and to get the necessary insurance you need for you and your family in Marietta, GA, get in touch with our agents at LG Insurance Group today to get started immediately.

Why You Need Higher Auto Liability Limits

When deciding which auto liability limits to select on your auto insurance policy, your premium should be secondary.  Your primary thought in selecting your liability limits should be protecting your assets and yourself from potential legal liability and avoid exposing yourself to costly lawsuits or judgments.  Minimum insurance limits should only be selected if that is truly all you can afford.  Once your budget allows, be sure to increase your limits and also consider purchasing an umbrella policy.  It is not as expensive as you may think and it could save you during a claim!

 

How Your Auto Insurance Policy Stacks Up in Marietta

When you choose one auto insurance policy, you’re not committing yourself forever to that particular type of coverage. On the contrary, auto insurance is fluid because it has to be. When you need an updated policy, it can conform to a new car, new neighborhood or even just new priorities. See how yours stacks up if you live in Marietta, GA. 

Keeping It Real 

Your insurance policy is probably not as inclusive as you think. If you were hit by a driver who cowardly sped off into the distance before you knew what had even happened, you might reach to call your insurance company. But most policies don’t include hit-and-runs. If you chose the bare minimums when it came to your policy and you cause more than $25,000 in property damage in an accident, you’ll be on the hook for the extra money after the limit has been reached. Without knowing these details, people can often feel like they’re more protected than they are. Just because a cop can’t take you to jail because you technically have what you need to be legally on the road, it doesn’t mean that you have enough to keep yourself financially secure. 

LG Insurance Group Can Help You 

It’s our agency’s job to make the people of Marietta, GA more comfortable with their auto insurance, so call us today if you’re feeling like your policy doesn’t quite stack up to where it needs to be. This is the time to get answers to your questions about what’s covered and how it will impact your monthly budget. LG Insurance Group knows that this type of long-term planning is what can save people’s bank accounts when it counts the most. Call us today to find out more!

Why Auto Insurance Premiums are Increasing

Allstate grabbed Georgia headlines last May with less than favorable news that one of their auto insurance programs would be raising premiums by an average of 25%.  This is much higher than what we are seeing within our markets, however, we are seeing increases by all carriers this year.  The most common or typical increase we are seeing is about 9 to 10%.  Given the significant premium changes, we wanted to share what is driving this trend through this infographic.  All of these factors may not be in our control, however, a few are such as the ever distracted driver.  How many drivers do you see every day talking or texting on their phone?  Be sure that you are not one of these drivers and be an example for your family and friends.  Whatever small part we can play to mitigate traffic fatalities and losses will help us all.

What can you do today to alleviate an increase you recently experienced?  Compare – Compare – Compare! With multiple markets at our disposal, we would love to help you find out just how much you may be able to save.  Contact us today!

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