Need affordable auto insurance? Looking for a business or life insurance policy? We offer insurance options that suit your budget and your lifestyle. Call one of our three convenient locations today!
An auto insurance policy is a contract between you and an insurance company. You pay a premium. In exchange, the insurance company promises to pay for specific car-related financial losses, within the selected coverage limits, that you may have during the term of the agreement.
Do you have the right auto insurance?
Most states require that you carry automobile liability insurance in certain minimum amounts. If you are at fault in an accident, the law requires that you pay the damages sustained by the person who is not at fault. These can include property damage, which is the cost to repair or replace any property that you have damaged. These can also include damages for personal injuries, which include not only the other person’s medical expenses and lost wages but also damages for pain and suffering, permanent injury, and loss of enjoyment of life. These damages can come to thousands of dollars even for a minor accident. That’s why adequate insurance is essential to your economic health.
In states with no-fault insurance victims of automobile accidents are compensated by their own insurance company, regardless of who caused the accident. No attempt is made to determine fault. This is different from the traditional insurance coverage where the party at fault is primarily responsible for paying the costs of an accident, either individually or through his or her insurance company. In certain circumstances, though, victims can sue the other party; the limitations vary among no-fault states.
No fault programs are designed to reduce the cost of auto insurance by reducing claims and litigation. About one-half of the states have enacted some type of no fault or auto insurance reform legislation. No-fault insurance laws vary widely, so you should check with your insurance commissioner’s office or an insurance agent for requirements in your state. If part of your coverage is based on no-fault laws, find out if it covers you when you drive in other states.
The standard private passenger automobile insurance policy affords up to four types of coverage. These coverages include: Liability Coverage, Medical Payments Coverage, Uninsured Motorist Coverage (Underinsured Motorist Coverage) and Coverage for Damage to Your Auto (Comprehensive and Collision).
Liability coverage protects you from property damage or personal injury claims arising out of the ownership, maintenance or use of a covered automobile. Unless specifically restricted by your policy, you will have coverage while driving any car, pickup, or van so long as you have the owner’s permission to use the vehicle. A person who is using your car, pickup, or van with your permission will also be covered. At the time the policy is issued you will choose the limits of liability that you want. The limits that you select are the most that we will pay in the event of a loss.
Medical payments coverage pays for medical expenses that you, or a family member, incur as the result of an automobile accident. It also covers persons who are occupying a covered automobile. At the time the policy is issued you will choose a coverage limit. The limits that you select are the most that will be paid for each person in connection with a single accident.
Even though liability coverage is advisable and often required, there are many irresponsible people who do not buy insurance. If an uninsured motorist causes an accident you will not be able to recover any damages that you sustain. If you purchase uninsured motorist insurance, though, your insurance company will pay you for the property damage and bodily injury caused by an uninsured motorist. It will cover you, any family member, and anyone occupying a covered automobile. The limits for this coverage are usually the same limits that you selected for liability, although you can choose lower limits.
There are also times when a person who causes an accident has liability insurance but your damages exceed the limits of that person’s coverage. In some states, underinsured motorist coverage is included in your uninsured motorist coverage. In other states, you can purchase underinsured motorist insurance which covers your excess losses up to the limit set forth in the policy.
If you have comprehensive and collision coverage, the insurance company will pay for damage to a covered automobile regardless of fault. Most banks and finance companies require you to maintain comprehensive and collision coverage on your car if it is financed.
Liability coverage extends to you, your spouse, and any resident family member for the ownership, maintenance, or use of any car, pickup, or van unless specifically restricted by your policy. Most state laws require that you carry a minimum amount of liability insurance, which pays for injuries or damages you cause to someone else. (We recommend that you carry much more than the minimum – enough to protect all your assets.)
The answer to this question is not as easy as it once was. In the not-too-distant past, most automobile insurance policies would extend coverage to rental cars whenever you rented one. This is not quite true anymore and coverages now vary widely from company to company and from state to state. The best way to find out what rental car coverage you have under your automobile policy is to call your insurance company or your agent.
Collision coverage is defined as losses you incur when your automobile collides with another car or object. For example, if you hit a car in a parking lot, the damages to your car will be paid under your collision coverage.
Comprehensive provides coverage for most other direct physical damage losses you could incur. For example, damage to your car from a hailstorm will be covered under your comprehensive coverage.
It depends on your coverage. There are several instances where coverage would not apply to anyone else driving your car (named owner policies, restricted policies, specific exclusions for certain risks and circumstances, etc). However, most of the time when you knowingly loan your car to a friend or an associate, he or she will be covered under your automobile insurance policy.
While your day-to-day operations are complex, understanding Business insurance doesn’t have to be. There are coverage options available to protect just about every aspect of your business from employee injury to natural disasters. Some insurance is required by law and others by business associates, such as lenders and landlords. Obtaining the right type and amount of protection for your business will help you avoid gaps in coverage where you need it most.Property Insurance can fund repairs or replacements for damaged physical assets when disasters like vandalism, fire, windstorms, or hail strike.
Types of Business Insurance You May Need
- Liability Insurance can protect against financial losses resulting from claims of injury or property damage caused by you or your employees and your products or services.
- Workers’ Compensation Insurance can satisfy your employees’ medical needs in the event of an accident or disease and make a quick return to work possible while removing lawsuit potential by current or former employees.
- Business Auto Insurance can get you on the road again quickly after an accident and ensure your business is protected against losses from injuries to other drivers, passengers, and pedestrians for which you and your employees are liable.
- Business Crime Insurance can protect against fraud, theft, forgery or robbery.
Plan for the unexpected. Get homeowners insurance to help pay for repairs, replacement costs, and extra living expenses if something happens to your home. Fire, wind, hail, lightning, theft—you’re covered. You’ll just have to pay your deductible, and your homeowner’s insurance policy takes care of the rest.
Fargo Insurance Group will answer all these questions for you and work with you to ensure that all your insurance needs are met. We will work with you and your lender to meet all the requirements you have, and they have. There are no secrets! You will be part of the process from beginning to end.
Our friendly team members will not only answer all of your questions, carefully explain your risks and options; they will then work to find every discount available to you.
What makes us different?
We’re so confident that we can offer you a better home insurance policy that we invite you to let one of our expert agents take a look at your current one. Call us at one of our three locations and speak with one of our insurance experts today to get a no-obligation quote.
The fact is that our team doesn’t just sell insurance, they build lasting relationships. Many of our clients refer their friends and family members to the Fargo Insurance Group, simply because they have received the unmatched customer service you can only get from our staff.
We have assisted many homeowners with their homeowner’s insurance. Call today to meet one of our representatives, and learn how the Fargo Insurance Group can save you money while providing the quality coverage you need.
In today’s financial environment, it’s important to know that there are some things you don’t have to worry about. Life insurance can be the foundation of financial security for you and your family. It can be the base upon which other insurance and investment decisions are built.
Types of Life Insurance
The Fargo Insurance Group offers three types of life insurance:
Term Life Insurance
Whole Life Insurance
Universal Life Insurance
If you’ve ever shopped for life insurance, you know that the process can be confusing and at times overwhelming. With so many options to choose from and so many variables to consider, selecting the policy that best fits you and your family is not for the faint of heart.
Where We Come In
Whether you’re looking for Term Life Insurance, Whole Life Insurance or Universal Life Insurance, our experienced agents cut through the jargon to explain your options in plain language. Then we help you factor in all the variables, including your budget, your age, etc., and together we determine the options that best fit your needs.
Lots of Options
The Fargo Insurance Group offers a wide variety of options, but the most basic are term life insurance and permanent insurance.
Our team can walk you through these and your other options, listening carefully to your needs and carefully considering your specific situation. How many people are financially dependent on you? When you die, will your loved ones need to pay a mortgage or other loans? What about their everyday living expenses? These are difficult questions, but once they’re answered, we can help you make a decision that will bring you and your family great peace of mind.
The fact is that our team doesn’t just sell insurance, they build lasting relationships. The Fargo Insurance Group has assisted many individuals with their life insurance decisions. Call today to speak with one of our experienced life insurance agents to discuss your options.