4 need to know answers when insuring a new vehicle
So you're ready for a new ride.
You've researched gas mileage, reliability, performance, and safety. You even know what color you want. But did you consider the insurance costs and the steps you need to take to make sure that new vehicle is properly covered before you leave the lot?
Here are some questions you'll want to answer before the car dealer hands over the keys.
What should I consider when researching which car to buy?
Certain vehicles cost more to insure. Factors that go into determining insurance costs include vehicle performance, cost of the vehicle, cost to repair, and theft potential. For example, high-performance cars have higher rates because they tend to be driven more aggressively and are involved in a higher percentage of accidents. Contrary to popular belief, the color of your vehicle has no impact on your insurance premium.
How quickly after I purchase a vehicle should I call my insurance agent?
If you don't have auto coverage at all, you should arrange for that before leaving the sales lot. If you already have a policy, you have a reasonable window of time to inform your insurance company. Check your policy for a "newly acquired auto" provision and follow up with your agent within 10 days - especially if you are adding an additional vehicle to your household or need different kinds of coverage.
What information will I need to give my agent?
Your agent will want to know the car's year, make, model, VIN number, lienholder information (if there is a loan), the car's primary driver, and how the car will be used (such as miles to work each day and an estimate of annual miles driven). After that, your agent can help you figure out what kind of coverage is needed.
What if I'm keeping the old vehicle as a back-up? is there a discount?
If you're keeping your older vehicle and it won't be driven as much, tell your agent how the vehicle will be used so the rating on the policy can be adjusted. It's also important to note that when you own and insure two or more vehicles on the same policy, you could qualify for a multi-car discount.
Following these tips will help make the process of buying and insuring your new purchase run as smoothly as the vehicle does.
Delayed flights and lost luggage often headline the list of concerns for travelers, but they are minor inconveniences compared to severe illness, missing prescriptions, or serious injury away from home.
The time to prepare for sickness is before germs hit your team. Illnesses can happen anytime, but flu season generally peaks between December and February, although it can stretch from October through May. Consider how you canprevent an outbreak and how you can respond quickly to limit the impact and costs to your business.
When Jenny VanDeHei left for college to study business, she thought she had picked her last stone and fed her last calf. She loved the family farm she grew up on, but she saw her future as an accountant, in an office building in the city, far from the country fresh smell of cow manure.
When you’re born into a farm family, on the job training begins the moment you can walk. You learn quickly where it’s safe to play, not to startle the animals, and that there’s always a way you can help – no matter your age. Curt Weis, Manager – Farm and Agribusiness Training, can attest to this because he earned his keep by working on his family’s farm right up until he left for college.
Patti Lemke, Sr. Agribusiness Underwriter, spent her entire young life living and working on a farm. Her parents owned and operated a small farm in Eden, Wis. that milked 65 cows in a stanchion barn, and she worked on a large dairy farm that milked 700 head from the time she was 14 until she left for college.