Category: Auto Insurance

You’re at the counter of a rental car company when you get the contract asking if you want to pay an exorbitant fee to insure your rental car against damage. Do you take it? Most of the time, you don’t need to do so. At P3 Insurance Solutions, serving Memphis, TN, we want you to know that sometimes policies cover damage to rental cars caused by accidents while in your possession.

Most Personal Insurance Policies Cover Rental Car Damage

You don’t need auto insurance to rent a car, but that lack of a requirement is also why rental companies tell you upfront about insurance costs. Read your current personal auto insurance policy to see what your limits are for comprehensive, and if collision damage will apply. However, in most cases, you should also read the liability coverage for damages occurring to other drivers and vehicles. Read your policy before you make a claim with your current auto insurance company.

Other sources of insurance if you don’t have a personal auto insurance policy include your credit card. Again, you must read your credit card agreement carefully to determine eligibility.

What If I Drive Abroad?

Most insurance companies won’t cover damage to your rental car if you are in a different country. The exceptions are if you rent a car in Canada or Mexico. All other countries default to the rental car company’s insurance to maintain coverage.

P3 Insurance Solutions, serving residents of Memphis, TN, will gladly help you determine if your policy covers rental vehicles. Contact us today to determine what coverage you need.

A complete understanding of auto insurance options is crucial for drivers in Memphis, TN. At P3 Insurance Solutions, our experts are ready to provide comprehensive answers to any questions about your coverage. Here are four potentially surprising points concerning auto insurance that you should be aware of:

1. Full Compensation Might be Absent After a Total Loss

If you’re still repaying your auto loan, bear in mind that you may not receive adequate compensation from your insurer to clear your outstanding loan if your vehicle is deemed a total loss. Including gap insurance in your policy can prevent a situation where you continue paying for a vehicle you no longer have.

2. Auto Insurance Covers Rental Vehicles

One of the attractive benefits of auto insurance policies is the provision for rental vehicle coverage. When your vehicle is under repair or has been totaled, this component of your policy allows you to use a rental vehicle for a limited period.

3. Basic Coverage Does Not Cover Your Vehicle’s Damage

A basic auto insurance policy typically only includes liability coverage as mandated by law. However, this only covers damage to other vehicles. If you wish to cover damage to your vehicle, you will need to add collision coverage to your policy.

4. Many Policies Offer Roadside Assistance

Roadside assistance is an invaluable perk offered by many auto insurance policies. It saves drivers the out-of-pocket expense of calling a tow truck when they experience a breakdown or an accident.

At P3 Insurance Solutions, we strive to meet your auto insurance requirements in Memphis, TN. Contact us today for a competitive quote!

Anyone living in the Memphis, TN area will know that the local region offers plenty of great recreational activities and options. For those that are here, having access to a vehicle is very important as getting around the community without it would be quite difficult. Further, having insurance is a requirement and you could face various repercussions if you do not carry a proper plan at all times. 

Legal Violations and Challenges

One of the consequences that could arise if you are not appropriately insured in Memphis is that you could face legal violations and other charges. If you are going to drive a car in Tennessee, you are obligated by law to at least have liability insurance. If you do not have this coverage, you will be penalized if caught behind the wheel of a car without insurance. Also, your loan agreement will likely require you to carry out a comprehensive plan. If you are not insured, you will be in violation of that agreement as well. 

Lack of Coverage

You will also find that you miss out on the coverage provided by an auto insurance plan. Drivers without coverage will have no financial support if they are involved in an accident or incur another type of loss with their vehicle. This can prove to be a significant financial strain in some situations. 

Consult With Us

You should always make sure that you are properly covered with auto insurance when you are in the Memphis, TN area. If you are looking for a new policy in this region, you can begin your search by calling our team with P3 Insurance Solutions. Our professionals with P3 Insurance Solutions know the importance of this coverage and will continue to ensure you understand your needs and options so you can build an ideal plan. 

Knowing what documents you need to keep in your vehicle is essential if you are ever in an accident or are pulled over by the authorities for any other reason. You will be required to turn over some documents when asked. Knowing exactly where they are can save a lot of grief.  At P3 Insurance Solutions in Memphis, TN, we make sure that our customers have all the required documentation that is mandated by the state of Tennessee. 

Documents you should always carry in your vehicle

Registration

In Tennessee, you can renew your vehicle registration online, and then the registration and the striker will be mailed to you within a week or so. You place the sticker on the license plate and put the registration in your glove box. If you lose your registration certificate, it can be replaced by sending the appropriate documentation to the county clerk’s office. 

Insurance card

You are required to carry auto insurance in the state of Tennessee. You can opt for basic auto insurance, or you can get total coverage which includes protection for your vehicle. Whichever way you choose, when your auto insurance policy is mailed to you or you receive your digital copy, a copy of your insurance cards will be included. You will have to print them if you opt to receive your documents digitally. The nice thing is, that you can print another copy any time you want if they are misplaced. 

Driver’s license

Many people use their driver’s license as a form of identification. Therefore, it will usually be on their person at all times. This can be in a wallet or purse. But if you are in your vehicle, the driver’s license will be there with you. 

Consult With Us

Call our team at P3 Insurance Solutions in Memphis, TN when you have questions about auto insurance. We are happy to provide a no-obligation quote. 

A typical Memphis, TN auto insurance policy doesn’t cover your own vehicle and yourself. That’s where comprehensive and collision coverage comes in. Comprehensive and collision coverage are optional types of car insurance that pay to repair or replace your vehicle after certain events.

Comprehensive covers non-collision events, including theft, vandalism, fire, hail, flood, animal strikes, and falling objects. Collision covers collisions with other vehicles or objects while you are driving.

Here is a closer look at comprehensive and collision coverage from P3 Insurance Solutions.

Why You Should Consider Comprehensive and Collision Coverage 

If you have a newer or more valuable car, unexpected damage can cost you a lot of money out of pocket. Comprehensive and collision coverage pays for repairs or replacing your vehicle, minus the deductible.

Leasing or financing a vehicle often comes with insurance requirements beyond the bare minimum. Your lender may require you to carry comprehensive and collision coverage specifically. In this way, they can also protect their investments.

Unpredictable things, including unpredictable weather, can occur at any time. The extra protection provided by comprehensive and collision coverage gives you peace of mind. You know you’re covered for a wide range of scenarios.

What Makes Comprehensive and Collision Coverage Worth the Money?

Costs associated with adding comprehensive and collision can vary. Variables can include your vehicle’s make, model, year, and value, your driving history, your deductible amount, and your coverage limits. You can often include these coverage options in an overall auto insurance package.

How to Obtain Comprehensive and Collision Coverage?

If you are looking for comprehensive and collision coverage for your vehicle, aren’t sure if you need it, or just want to learn more about these and other coverage options, contact P3 Insurance Solutions. We are a local insurance agency that serves Memphis, TN and the surrounding areas. Contact us today.

One of the questions that we at P3 Insurance Solutions, providing auto insurance to residents in the greater Memphis, TN area, are often asked is whether an auto insurance policy will cover a driver who may be driving out of state. We are happy to provide you with the answers. 

Will My Auto Insurance Policy Cover Me When Driving Out of State? 

Your auto insurance policy will cover you when you are traveling in or through any state within the United States, regardless of what state your policy originates from. This includes traveling for vacation, road trips, visiting family, or traveling to another state for work or school. It is important to note though, that your insurance company can decline coverage in another state if you moved to another state and did not change your policy to the new state you live in within the required timeframe. 

What If My Policy Is Less Than State Minimum Insurance in Other States? 

Different states have different minimum insurance requirements. If you have minimum insurance in one state, and you are traveling through a state that has a higher minimum insurance requirement, your policy will still cover you, and essentially automatically increases to meet the minimum requirement in other states you may be traveling in or through. 

Reach Out To Us

Auto accidents can happen if you are driving in your own state or if you are on a road trip and traveling in another state. Luckily, your auto insurance will cover you when you are driving within the United States. If you have any other questions about auto insurance or are looking for a new policy in Memphis. TN, P3 Insurance Solutions would love to help you out. Call or email us now to get started.