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Buying, Paying Off ,Owning- What You Need To Know

Getting a New Car?
In some cases, we get people that call from the car lot afraid that they will not be covered because we don’t know about their new car yet. Although it is beneficial to get us the information as soon as possible, most companies have a grace period of a few days, so if you buy a new car over the weekend it’s okay to drive it until our company opens on Monday.

When you call in, we will need the VIN number on your new car, so as soon as you are able to get that number we suggest giving us a call. The sooner we have it the better to ensure that you are getting the right coverage for your new vehicle. It is best not to rely on the dealership to call and give your new information. While many dealerships do call us to give us information on who purchased a new vehicle from them, some of them do not, or cannot give all the information that we might need. To make sure your new car is well covered always call your insurance company yourself to tell them of any new purchases.

Paid off that Car Loan?
Congratulations! Paying off your car is a huge accomplishment. Notify us about the loan payoff so that we can remove the lienholder from your policy. This means that if you maintain comprehensive and collision (full coverage) and your vehicle were to be totaled in an accident, the payout from the insurance company for the damage would go to you instead of your bank.

Made your final Mortgage payment?
Congratulations on this huge accomplishment!
Once you have paid off your mortgage in full and have no loan servicing provider, it will be your responsibility to pay homeowners insurance and property taxes. Make sure that you contact our company and let us know you have paid your home loan in full! We will make sure the mortgage company is no longer the additional insured and remove the lender’s name off the homeowner’s insurance policy. It is important to make sure all future bills are going to the homeowner to have them paid on time and avoid any lapse in coverage.