I don’t have a car loan. Do I still need auto insurance?

Most states require all drivers to carry auto liability insurance that meets the state minimum requirements. However, drivers can invest in more than just auto liability coverage. Drivers have many coverage options. Our Sandy, UT team at The Smith Insurance Group Inc. is committed to helping drivers find coverage that meets their needs. 

Auto Insurance Requirements

Most states require all drivers to carry liability insurance that meets the state minimum levels, regardless of whether you have a car loan or not. All drivers must carry liability insurance. However, other circumstances may require you to carry more than liability coverage. Minnesota also requires drivers to carry uninsured motorists’ coverage and personal injury protection coverage. 

I don’t have a Car loan. Do I still need Auto Insurance?

Yes. You still need to carry auto liability insurance. However, if you have a late-model car, investing in more than just liability coverage may be wise. Likely, you won’t be able to pay for damage to your vehicle out of pocket. One rule of thumb is to carry full coverage insurance if your car’s value exceeds your annual insurance premium. Your car’s value may justify paying for full coverage if its value is less than what you’re paying in insurance costs. For example, the odds of your car being totaled is greater if the value of your vehicle is less than the cost of repairing it. If you have more questions about auto insurance, call us. We’d be happy to help you explore your options. 

Do You Need Term Life Insurance or Whole Life Insurance?

At The Smith Insurance Group Inc., we understand the importance of life insurance to your family’s future. You may not have yet paid off your home in Sandy, UT, or your children may have just started school. Life insurance can help you pay for those things after you’ve died.

You’ve got many choices of life insurance products, though, and that can make it a tough decision. You need to determine if you want term or whole life insurance.

What does that mean, you ask? The difference between the two policy types comes down to the period they cover.

Term Policies

A term policy refers to one that remains active during the specified period it covers. Typically, this refers to a period of 10, 20, or 30 years. The policy remains active if you pay your premiums during this period. If you die during the term of the policy, it pays your beneficiary the amount of money named in the policy.

Whole Policies

 A whole policy or whole life insurance is one that remains active throughout your life as long as you pay the premiums. Some whole-life policies let you purchase the coverage outright, so you pay the equivalent lump sum of the average number of years the typical policyholder pays into the policy. If that’s 30 years of premiums, that’s what you pay. Others require monthly or quarterly premium payments.

Contact Us

Contact The Smith Insurance Group Inc., serving Sandy, UT, for more information on life insurance. Let us help you find the ideal policy for you, whether you need a term or whole-life policy.

Prepare Your Car, Truck, or SUV for Winter in Utah

As the temperatures drop and the snow falls in Sandy, UT, it’s essential to ensure your car, truck, or SUV is prepared for winter weather. Along with providing comprehensive auto coverage from The Smith Insurance Group Inc, a few simple steps can help prevent costly repairs and accidents.

Check Your Tire Tread and Pressure

As the temperatures start to drop, so does the air pressure in your tires. That’s why it’s essential to check your tire pressure regularly during the winter. Low tire pressure can cause your tires to lose traction on icy roads, leading to accidents. It can also cause your tires to wear down more quickly.

Besides checking your tire pressure, it’s also important to check your tire tread. Tire tread helps you grip the road. The deeper the tread, the better grip you’ll have. If your tire tread is shallow, you might replace your tires before winter weather hits.

Clear Off Your Car Before You Drive

Another critical step in preparing your car for winter is clearing the snow and ice before driving. Ice and snow can obstruct your vision and make it difficult to see other vehicles on the road. It can also cause your car to lose traction and slide on icy roads. So before you head out this winter, take a few minutes to clear off your car completely.

Check Your Wiper Blades

Ice and snow can also make it difficult to see the road ahead. To ensure you have clear visibility, check your wiper blades before winter weather. If they’re cracked or worn down, replace them before the snow falls.

Also, ensure your Sandy, UT vehicle coverage is up-to-date with The Smith Insurance Group Inc. We can provide comprehensive coverage to protect your vehicle from damage and theft year-round.

Make Sure You Have Motorcycle Insurance to Protect Your Ride

The Smith Insurance Group Inc. of Sandy, UT is ready to provide you with a quote or answer any questions you may have.

Insurance on your bike is as important to your protection while driving as all your safety gear. It pays for repairs, medical bills for injuries sustained, and replacement costs. Without this coverage, you would pay out of pocket for these things.

Most states, including Utah, require motorcycle insurance. Without it can result in hefty fines and, in some cases, the loss of your license. Here are some types of coverage that are recommended.

  • Liability coverage – it helps pay for costs resulting from damage or injury to another person if you are at fault.
  • Medical payments and personal injury protection – this coverage will help you pay for your own medical costs and provide personal injury protection for more coverage. Optional personal injury protection can help pay for lost wages, childcare, and other related expenses during recovery.
  • Passenger coverage – Anyone riding with you will not have to worry about medical payments resulting from injury if an accident occurs.
  • Collision and comprehensive coverage – help pay for damage done to your property. Collision covers the cost of repairing or replacing the motorcycle if involved in an accident. Comprehensive offers the same protection if a non-collision event occurs such as theft, fire, or weather event. Your bike is protected even when parked on your property.
  • Breakdown coverage – this optional coverage pays for certain repairs to your motorcycle. Similar to an extended warranty, it pays for engine, transmission, and other maintenance repairs.
  • Roadside assistance and towing – this coverage will have your motorcycle towed to the nearest shop. It also covers flat tires, battery failure, and mechanical or electrical failures, and provides free delivery of fuel, oil, or water if needed.

If you are a motorcycle rider, do not be caught without this insurance. The Smith Insurance Group Inc. of Sandy, UT can help you obtain the protection you need. Contact our team today.

Be sure to protect your boat when it is in dry dock storage

The Smith Insurance Group Inc. is the agency boat owners in the Sandy, UT area can turn to with all their insurance questions and needs. If you are wondering if you have the protection you need for your boat, give us a call or stop by today!

Dry dock storage insurance protection for your boat

Different boat insurance policies provide different levels and types of coverage. It is crucial to select a policy that has the protection that you need. Because everyone’s insurance needs differ, it makes sense to analyze your insurance needs carefully and choose a policy that meets them.

This is especially true when your boat is not on the water. There can be differences in the coverage provided depending on where and how you store your boat. Someone who trailers their boat home and stores it in the garage for the winter will likely have different insurance needs than someone who keeps their boat in a dry dock.

Let your insurance agent know your habits and preferences regarding boat storage so they can help you determine your unique insurance needs. Finding the right policy may take time, but it is worth the effort. 

Give us a call today!

Boat owners in the greater Sandy, UT area rely on the team at The Smith Insurance Group Inc. We help you get the right insurance to protect your boat. If it’s time to upgrade your current policy or you’re getting ready to buy your first boat, we are here to help. Contact our office today and let us help you with all of your boat insurance needs.

Your Health is Important – Make Sure You Are Insured to Protect You from the Unexpected

Don’t allow yourself to be caught in a financial situation because of unpaid medical bills. Let The Smith Insurance Group Inc. of Sandy, UT explain how health insurance can help you weather the storm of any unexpected medical bills you may encounter.

We never know when a car accident will put us out of commission. Or when a serious diagnosis from the doctor stops us in our tracks. Both of these scenarios can potentially negatively affect our finances.

Health insurance will provide financial protection if you are faced with the unthinkable. For example, if you suffer from a broken leg, it can cost up to $7500 or more. If you have health insurance coverage, it can defray most of the cost of this injury.

You can obtain preventive services such as vaccinations and lab tests, usually at no cost to you. Getting the recommended preventive services your doctor advises will help you to maintain good health and well-being.

With health insurance, you will have access to a network of doctors, hospitals, and other resources to maintain good health. You can find the doctor of your choice close to your home. You will have peace of mind and worry less because you know you have financial and medical protection in case of a medical incident.

That old phrase, "you have nothing if you don’t have your health," is a truism. A good health insurance plan will protect your health and your family’s financial future. Don’t be without it any longer.

Contact the insurance professionals at The Smith Insurance Group. Let us explain how a health insurance policy can benefit you and your family.

Finding a term life policy to fit any budget

The Smith Insurance Group Inc. is proud to provide the residents of Sandy, UT with the insurance services they need. If you are wondering how to fit a life insurance policy into your budget, we are here to help!

Finding a term life insurance policy to fit any budget

Life insurance is a crucial thing to have, especially if you are a parent. However, for many young families, every added expense can strain their budget.

Luckily, a term life policy can give your family the protection it needs without breaking the bank. Because of the many available and affordable options, it is unnecessary to go without life insurance protection. Now is a great time to review the possible options and choose the appropriate policy for your needs.

Adults who no longer need to protect young children can also find term life insurance beneficial. Such policies can help to defray burial and end-of-life expenses.

There’s no reason for anyone who wants life insurance to go without it. Sitting down with a local agent to review the available options is an excellent first step. Understanding what policies will fit into your budget will help you make an informed decision that will pay dividends for you and your family. Find out more about term life today.

Give us a call today!

If you live in Sandy, UT or the surrounding area, you can depend on the team at The Smith Insurance Group Inc. for all your insurance needs. We can help you review the term life policies that fit your budget and help you determine which one is right for you. Give us a call or stop by our office today.

Will My Auto Insurance Cover Accidents Outside Utah?

It’s a bright, warm summer morning. The highway is clear, the sky blue. You’re driving north, headed for cooler climes. Somewhere in Montana, a truck clips the back of your car. You slam on your brakes and skid into the guardrail. You’ll be okay, but your car is heavily damaged.

Will your Sandy, UT insurance policy still cover you in Montana? Let The Smith Insurance Group Inc. help you find the answers.

Does car insurance cover out-of-state accidents?

The short answer is yes; car insurance policies generally cover out-of-state accidents. This is true regardless of where the accident occurred. Generally speaking, car insurance policies cover accidents anywhere in the country.

What if my state has different insurance requirements than the state where the accident occurred?

Coverage requirements vary by state, but you’re only required to have the minimum coverage that your state of residence mandates. You can always have more than that voluntarily, of course.

Am I covered if I move to another state?

If you permanently move to another state, you will want to notify your insurance company. You can always carry your old policy over to your new state. However, because minimum liability limits vary between states, you will want to make sure your policy is updated.

Am I covered if I drive out of the country?

This depends on where you’re going. In Canada, your policy from the US will usually cover you to the same limits it does stateside.

Some policies might cover damage to your vehicle in Mexico, but you’ll likely be on the hook for any liability claims. If you plan to go to Mexico, the best practice is to get Mexican auto insurance.

Are you a Sandy, UT resident interested in learning more about car insurance? Reach out to The Smith Insurance Group Inc. today!

Does Utah Require Boat Insurance?

Utah has no shortage of spectacular waterways to explore by boat, and doing so safely is the top priority of all involved. Utah does not require operators to have insurance on their vessels. However, this doesn’t mean that boat insurance should be skipped. Not only does boat insurance cover damage to your boat sustained in a covered incident, but it also provides invaluable liability coverage that can protect you from having to pay thousands of dollars in out of pocket fees for an accident that you cause that damages another person’s property or results in serious injury. Additionally, uninsured and underinsured boater coverage will protect you from paying for the repairs to your boat or medical expenses incurred by you or a passenger if a boat owner hits you without insurance. 

If your boat has a motor attached to it or is a sailboat, then Utah law requires that it be registered and numbered. The DMV processes boat registrations and the registration certificate must be on board the boat at all times if you are stopped by law enforcement. If you are operating a motorboat or sailboat, you can do so if you are under the age of 16 only if accompanied and supervised by a responsible individual that is 18 years or older. For personal watercraft devices, children between the ages of 12 and 17 can operate these vessels after completing a Utah State Parks approved boater safety and education course. 

For more information on boat insurance, call The Smith Insurance Group Inc. in Sandy, UT a call to learn more. 

 

 

The ABCs of Boat Insurance

Knowing how insurance works for something as expensive as a boat can be challenging. For example, if you are a new boat owner, you may wonder how much coverage will be enough for your boat or whether your home insurance covers your boat. At The Smith Insurance Group Inc., we want to shed some light on boat insurance.

If you are a boat owner, there are things you need to know to make sure you get the right insurance coverage for your pricey asset. As much as boats are fun, they are prone to many unfortunate incidences. That’s where boat insurance comes in. Without further ado, let’s look at the ABCs of boat insurance.

Different boat insurance coverages

Boat insurance isn’t designed as a one-size-fits-all insurance policy. You only choose coverage options suitable for your needs. Typical boat insurance options to choose from include:

  • Physical damage coverage
  • Liability coverage
  • Uninsured boat coverage
  • Medical coverage
  • Towing coverage

Boats may encounter various catastrophes, and that is why insurance is critical. Boat insurance offers coverage in boat sinking, theft, storms, collision, fire, and much more. Talk to your agent to see which coverage fits you.

Does home insurance cover your boat?

Home insurance covers small boats, typically for below $1,000. However, for bigger boats, you need boat insurance. Plus, home insurance only covers physical damage to your boat, excluding crucial protection like liability coverage.

Is boat insurance mandatory in Utah?

Unlike most states, boaters must purchase boat insurance in Utah. The mandatory boat insurance should include at least liability coverage in the policy.

Boat insurance in Sandy, UT

When using your boat, you need to have ample protection for peace of mind. Are you in Sandy, UT, and its surroundings looking for boat insurance? Contact us at The Smith Insurance Group Inc. Call us today for an affordable quote.