Car Sharing and Auto Insurance

Car Sharing and Auto Insurance: What You Need to Know
More and more car owners are looking to their vehicles as sources of potential income. The family sedan is no longer simply a tool to get to work, and it does more than deliver pizzas.

Peer-to-peer car-sharing services have made it possible to “rent” a personal vehicle to other drivers who are seeking transportation. If you don’t drive your car every day, this can be a fairly simple way to earn a little extra cash.

However, there are a few important considerations to keep in mind regarding car sharing and auto insurance. Using your vehicle in this way can greatly affect your coverage.

First, your policy may not cover your vehicle while it is being driven by other people under a car-sharing agreement.

Your carrier doesn’t have any information about who is driving your car or their driving record, so the coverage cannot extend to them. If someone is in an accident or your car is stolen while he or she is using it, you may not have coverage.

Second, you are making money with this arrangement. This puts your vehicle use into a business category, rather than personal. Again, this might negate coverage from your personal policy.

Due to these circumstances, car-sharing services typically offer their own auto insurance.

If you’re considering offering your vehicle for peer-to-peer car sharing, first consult with your insurance provider.

Someone there can advise you about your coverage and help you determine if this is a viable option for the use of your vehicle.


Plan Your Party and Enjoy It Too

Everyone loves a party – or do they? Sometimes, the stress of planning, preparing, and hosting a party can drain the life out of the person giving it – and the fun out of the event. But it doesn’t have to be that way. Whether it’s a backyard barbeque, a child’s birthday, or a special event celebration, if you’re the host, you can make it easy on yourself. Here are top ten suggestions from Cool Mom Picks, all of them certain to reduce the stress.

  1. Consider a cohost – it halves the effort and doubles the pleasure.
  2. Use apps and checklists to plan ahead.
  3. Send digital invitations – acceptable for any occasion these days.
  4. Put the kids to work.
  5. Don’t play DJ. Make music easy by simply streaming to a Bluetooth speaker.
  6. Make plans for your pets.
  7. Have groceries delivered.
  8. Keep the food simple with buffets and food bars.
  9. Label the foods.
  10. Serve easy-pickup desserts.

Six Ways to Save on Gas Mileage This Summer

Don’t let fluctuating gas prices crash your road-trip plans. Use the following tips to spend less on gas and have more cash for that summer journey.

  1. Drive at the right time. Cooler air can increase your car’s power.
  2. Pack light. Heavier cars require more power, and that requires more gas.
  3. Drive safely and carefully. Conserve energy by driving the speed limit and stopping gradually. Stop-and-go driving isn’t good for you or your fellow travelers.
  4. Crank the air conditioner. Driving with the windows down causes more drag on the engine.
  5. Consider renting an energy-efficient vehicle for long trips.
  6. Incorporate cycling or public transit in your vacation plans. You’ll save money, get exercise, and see more of your destination.

Things You Never Knew Were Covered by Auto Insurance
When you’re involved in a fender bender, you know you should call your insurance agent.

If your car gets keyed or a stray rock cracks your windshield, you are pretty sure your auto insurance policy has you covered.

What about other, more unusual circumstances? Did you know the following situations are often covered by auto insurance?

When the sky is falling: It’s rare, but it happens. If a piece of satellite, airplane, or meteorite hits your vehicle, your comprehensive auto insurance probably covers the cost of repairs. Look for a “falling objects” clause.

When you need rodent repairs: When mice, squirrels, or rabbits decide to take up residence under your hood, they can be quite destructive. Keep this in mind if your vehicle will be parked for long periods of time. If mice munch your wires, check with your carrier to see if your policy includes an “other than collision” clause that will cover this damage.

When the seat’s not safe: Even if it looks OK, a child’s car seat might be damaged after an accident. It’s a good idea to go ahead and replace it. They aren’t cheap, but your insurance may cover this cost.

When potholes cause pitfalls: Many auto insurance policies categorize pothole accidents as collisions. If so, the damage caused by your run-in with one of these road pits will be covered.

When payday comes up short: Did you miss work due to a car accident injury? A portion of your lost income may be recoverable through your auto insurance policy.

If you experience any of these encounters, contact your agent to determine if your policy provides coverage.

July 9th, 2018 by Lightship Insurance