Category: Auto Insurance

Owning a car in New Jersey is always a good idea. When you are a car owner here, it will be very easy for you to get around the state and complete your typical daily tasks. If you are going to purchase a car here, it is important that you are fully insured at all times. When you are building a new auto insurance plan, there are various features you should consider getting. 

Comprehensive Coverage

When you are looking for auto insurance, you should consider getting comprehensive coverage. In this state, the only type of insurance you are legally required to have is liability coverage. However, this will not actually protect your vehicle. If you get a collision and comprehensive plan, you will have insurance against many risks that could affect your car, such as theft or accident damage. 

Gap Insurance

You should also consider getting gap insurance. A car is a depreciating asset, which tends to decline in value quickly over the first couple of years of ownership. Because of this, particularly in the first year of loan repayment, the value could be less than the loan balance. If you have gap insurance, it will cover the gap between the value of the car and the loan amount if it is totaled in an accident. 

We Are Here To Help

As you are shopping for a new auto insurance policy in New Jersey, you can quickly find there are a considerable amount of options and factors to consider. When you are ready to begin a search for this coverage, you can call our team of professionals with Creative Risk Management LLC. Our insurance team with Creative Risk Management LLC always knows the value of this coverage and can give the support necessary to build a plan ideal for your situation. 

Renting a vehicle is something that most people face at some point or other. It may be for a family visit or a vacation, but when you fly to your destination, you will need transportation when you arrive. At Creative Risk Management LLC in New Jersey, we work hard to make sure our customers have the information they need to make an educated decision about their auto insurance. 

Auto Insurance & Rental Vehicles

The question of whether your auto insurance covers a rental car is dependent on the coverage you have. If you have basic auto insurance, you will only be carrying liability coverage. While you need liability coverage when you rent a car, you will also need coverage that protects the actual vehicle. If you have an auto loan or are leasing your personal vehicle, you will have the coverage you need. If you carry comprehensive and collision coverage, you are good to go. 

Check the declaration page of your insurance policy or call your insurance agent to ask if you have the required coverage. When you reserve your vehicle online, after you have chosen your drop-off and pickup location and the dates, you will then choose the type of vehicle you require. After these basics are complete, the insurance questions will begin. At one car rental company, it begins as:

• Protect the car
• Protect yourself from liability
• Protect yourself, your passengers, and your belongings

If you even have basic coverage, your liability coverage protects you and your passengers. If you have rental, condo, or home insurance, your belongings are covered by that insurance. So, if you are happy with the coverage you have, you are covered for a rental vehicle. 

Give Us A Call

If you need help with your auto insurance, our experienced team at Creative Risk Management LLC in New Jersey is here to help. 

In the state of New Jersey, being a vehicle owner is a necessity for many car owners. With a car, you will have an easier time getting around your community and enjoying all that the state has to offer. When you are looking for a vehicle in this area, it would also be wise to get an auto insurance policy.

A proper auto insurance policy will come with various types of insurance support:

Liability Risk Mitigation

A type of coverage that will come with any auto insurance plan in this state is liability risk mitigation. If you want to drive a car in this state, you will need to have liability coverage at the bare minimum. With this coverage, you will have support in the event you are at fault during an accident and have to pay for damages. Having this coverage ultimately protects you and other motorists and is also a legal requirement. 

Comprehensive and Collision Coverage

Depending on your situation, it can also be a good idea to have auto insurance with comprehensive and collision coverage. If you have a loan against the car, or would like to protect the value of your vehicle, upgrading to this insurance is a good idea. With a full comprehensive policy, you will have coverage if your car is stolen, damaged in an accident, or you incur other types of loss. 

Give Us a Call

Drivers that are in the state of New Jersey need to have auto insurance and should take this coverage seriously. If you are looking for coverage in this part of the state, it would be wise to call the team from Creative Risk Management LLC. The professionals with Creative Risk Management LLC will give the advice and support you need to select a new auto insurance plan. 

As a responsible driver in the state of New Jersey, you understand auto insurance is mandatory in New Jersey. If you drive without insurance coverage, you are breaking the law. You are risking fines, suspensions of your license or registration, and you could even spend time in jail. Why take the risk when you can satisfy the law with basic insurance coverage. At Creative Risk Management LLC in New Jersey, we are independent insurance agents, which means we represent many carriers, and we know our loyalty belongs to our customers. 

A standard insurance policy in New Jersey has 15/30/5 coverage. This means it covers $15,000 in bodily injury to someone hurt in an accident where you are responsible with a total of $30,000 per accident. It also includes $5,000 for property damage. It must also include a minimum of $15,000 for injuries to you. This is just the starting point. In fact, New Jersey offers a policy called the basic insurance policy, which offers no bodily injury and $5,000 property damage and personal injury of $15,000. This is intended for young drivers with no family obligations or personal assets. It gives them the insurance they must have to stay legal but not much more. 

If you have a car loan or lease your vehicle, you will need to have collision and comprehensive coverage to protect the vehicle.

For most people, standard insurance is not going to offer adequate protection. Liability is designed to protect you in the event you cause an accident. It doesn’t really protect much if it is only $5000 in property damage, and a car can cost over $20,000. Liability is available up to $100,000 for property damage and $250,000 for bodily injury. 

Contact us at Creative Risk Management LLC to discuss the amount of auto insurance you need to feel protected. We will be happy to answer any questions you may have.