Synergy Insurance Group Blog
Car insurance is a safety net for car owners as it provides financial protection in accidents or if your vehicle gets stolen. However, with the pandemic going on and travel restrictions implemented, car owners are not utilizing automobiles as often. So it begs the question, is car insurance still necessary?
In the Events of Emergencies, It’s Better to be Protected
Though it may seem like an added expense if you continue with your car insurance, it can be useful in the event of emergencies. There may be instances where you have to rush to a hospital, potentially leading to an accident,. If there is a pregnant woman or sick person in your household, it is especially essential. Though these scenarios may be less likely to occur, it does not mean it could not happen.
If the Expense is Too Much, Contact the Company
With the new work from home policies, transactions with insurance companies are now being held online or on call. Policyholders who want to update their existing plans will no longer have to visit their local offices and risk being infected.
There are cases in which the existing plan’s monthly payment is too much for the policyholder. In these scenarios, they may contact their insurance company to change their current scheme into a more affordable plan to continue their coverage.
Insurance Companies are Adapting to Meet Customer Satisfaction
Insurance companies do know the problems policyholders are experiencing right now and are adapting to provide coverage still. Aside from that, there are other benefits given. During the outbreak, insurees can expect a payback on their monthly premiums, payment extensions, flat rate freedoms, and even decreased insurance rates.
Is Okay to Reduce My Coverage?
In scenarios where the full coverage monthly payment is too much for the policyholder to shoulder, it is advisable to reduce the limits to cut costs. However, this would mean policyholders may miss out on other coverages that can be utilized in emergencies. These may include coverage for property damage, collision, and bodily injury.
Policyholders are advised to continue their existing car insurance policies. They may consider reducing the coverage to cut costs. But it is essential to remain insured, as emergencies may happen, and car owners would need a safety net during those scenarios.
At Synergy Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (763) 797-9999 or Click Here to request a free quote.
We are licensed in Minnesota, Iowa, Michigan, North Dakota and Wisconsin.
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