Pepe Insurance Agency BLOG
Whether you are driving 1 mile, 10 miles, 30 miles, or just around the corner, taking care of your vehicles and making sure they are running correctly is a very important part of our lives. So we do everything we need to keep them running smoothly. That starts out with finding a great and trusted local mechanic to help keep our vehicles rolling for the years to come.
That's a lot of responsibility for a good auto mechanic to undertake. Sometimes they are so involved with making sure your vehicle is repaired that they forget to purchase the necessary insurance. Here we discuss a few important insurance coverages that any auto mechanic needs to purchase to help protect their customers and themselves.
An accelerated death benefit (ADB) is a life insurance rider that pays out some of the death benefit while you are alive if you are considered terminally ill or chronically ill. It is a living benefits rider that lets you withdraw from the death benefit when you have a terminal illness. With most companies, this rider is usually included in your policy at no extra cost to you. Both term life and universal life policies offer this extra rider. Here we discuss who qualifies for the ABD rider, how it works, and what expenses it covers.
Your auto insurance company typically provides policyholders with the option to choose from different liability amounts, either using a split limit or a combined single limit. The type of limit you have determines how much your auto insurance company will cover if you are responsible for bodily injury or property damage. Here we look at the difference between split limit and combined single limit liability coverage and give an example how they both work in the case of an accident.