Below are some of the more frequent questions we receive as an agency. If you have a specific question please do not hesitate to give us a call or email.
General insurance questions
The most popular term in insurance is “it depends”. There is no way to make a blanket statement that will cover ALL insurance policies. To find the most proper answer for this question, you must look to your insurance policy.
Most preferred insurance policies operate under the term “Permissive Use” This means those people, that are not directly excluded from your policy and have your implied permission to use your vehicle are covered on your insurance policy.
Typically, if someone is a licensed driver in the home, or has regular access to the vehicles, it is best to list them on the policy. Check with your insurance agent or review your policy to find out the details of your coverage.
Bodily Injury liability insurance is coverage against you when you’re at-fault in an auto accident in which there is bodily injury to a 3rd Party most often in another car.
Medical payments is a coverage designed to cover the medical expense of individuals within your car. Another interesting fact about medical payments coverage is you do not have to wait for approval from the adjuster. This coverage is meant to be a deterrent to having to get into a full-blown lawsuit, many claims can be put to rest by simply using this coverage.
You can cancel a personal insurance policy (i.e. Auto, Home, Boat, etc.) at any time without penalty UNLESS your policy has a cancellation fee or a minimum earned premium amount however, most preferred insurance carriers in California do not have cancellation fees. All policies are cancelled pro-rata which mean you only pay for what you use.
The simple answer is: Yes. Your insurance policy will cover your rental car as long as you have comprehensive and collision (full coverage) on your current policy. Simply put, whatever coverage you have on your current policy, it will transfer to a rental car.
Here is where things get tricky. If you’re renting a car from a rental car agency, and that agency is charging you, or the insurance company a daily rate, then you could be on the hook for that daily rate if the car is in the shop being fixed by your insurance policy.
If you’re in a new place, or if you have the rental car for a longer period of time, it’s our suggestion that you purchase the insurance agreement from the rental car agency. This will make sure that the daily charges are paid for by the rental car insurance policy.
The best way to assure that your rates remain competitive is to work with an independent insurance agency, like AA Lares Insurance Services. However, the rate you pay is not as important as having the RIGHT coverage.
1. Find 3-5 independent insurance agencies near you
2. Call and interview them, ask them questions like “what makes you different than the masses?” and “what services and value to you bring to the table”
3. Once you find someone that you are comfortable with, make an appointment, and ask them to provide you with a need analysis and what policies and coverages you need in place.
The most popular term in insurance is “it depends”. There is no way to make a blanket statement that will cover ALL insurance policies. To find the most proper answer for this question, you must look to your insurance policy.
Most preferred insurance policies operate under the term “Permissive Use” This means those people, that are not directly excluded from your policy and have your implied permission to use your vehicle are covered on your insurance policy.
Typically, if someone is a licensed driver in the home, or has regular access to the vehicles, it is best to list them on the policy. Check with your insurance agent or review your policy to find out the details of your coverage.
An often-misunderstood auto insurance coverage is uninsured/under-insured motorist coverage. This coverage protects you and the people in your car in the event another driver hits you with inadequate (under-insured) insurance coverage or no auto insurance (uninsured) at all.
Often drivers that carry low auto insurance liability limits do not have many assets to protect. So in the event that you or someone in your car is badly injured by another driver and they have inadequate auto insurance liability limits there is nothing to gain by suing the driver.
In that case you can put a claim in under your own insurance policy for uninsured motorist insurance coverage, uninsured motorist insurance coverage is a relatively inexpensive coverage that is extremely important.An often-misunderstood auto insurance coverage is uninsured/under-insured motorist coverage. This coverage protects you and the people in your car in the event another driver hits you with inadequate (under-insured) insurance coverage or no auto insurance (uninsured) at all.
There are five common ways to lower your insurance.
1) Are we bundling all of your policies together? If you only have one line of insurance with us (auto without home or renters, and vice versa) you’re probably paying more than you need to. Putting everything together in one place is a great way to reduce your premium on each policy.
2) If you have any young drivers in the home, they may qualify for a “good student discount” if they have a high school GPA that is 3.0 or better
3) If you’re insuring some of your household vehicles on different policies, you could be paying too much. Having all of your cars together gives you a multicar discount
4) What do you do for a living? Certain occupations like: Police officers, firefighters, teachers and educators, registered nurses, scientists, and those with a four year college degree qualify for certain occupational discounts.
5) Does your home or car have an active alarm? Having one can also reduce the premiums on your policies.
Workers Compensation
The time frame for filing a Workers’ Compensation claim varies by state, but it typically ranges from 30 days to two years from the date of the injury. It’s important for employees to report injuries as soon as possible to ensure timely processing and receipt of benefits.
In most cases, Workers’ Compensation Insurance prevents employees from suing their employer for work-related injuries. This coverage is designed to provide benefits without the need for litigation. However, employees can still sue in cases of gross negligence or intentional harm by the employer.
Builders Risk
To file a claim, contact your insurance provider immediately after a loss occurs. Provide details of the incident and any supporting documentation. Your insurer will guide you through the claims process.
Yes, Builder’s Risk Insurance is beneficial for renovation projects as well. It covers the value of the work being done and any materials used in the renovation.
Yes, Builder’s Risk Insurance can be tailored to fit the specific needs of your project. This includes adjusting coverage limits and adding endorsements to cover additional risks.
Coverage typically lasts for the duration of the construction project, from the start date to its completion. Policies can usually be extended if the project takes longer than expected.
Builder’s Risk Insurance does not cover accidents and injuries on the job site, worker theft, or liability risks. For these, you would need General Liability Insurance or Workers’ Compensation Insurance.
General business insurance questions
A personal auto policy typically does not cover business use of your vehicle. HNOA provides the necessary liability coverage for business-related driving of non-owned vehicles, filling the gap left by personal auto policies.
Yes, HNOA provides liability coverage when you use your personal vehicle for business tasks. However, it does not cover physical damage to your vehicle.
Yes, HNOA can often be added as an endorsement to an existing commercial auto or general liability policy, providing an additional layer of protection.
Yes, even occasional use of non-owned vehicles for business purposes can expose your business to significant risks. HNOA provides essential coverage for these scenarios.
HNOA does not cover physical damage to the hired or non-owned vehicle itself. For protection against damage to the vehicle, you would need comprehensive and collision coverage.
Absolutely. Business Interruption Insurance can be tailored to meet the unique needs of different industries, ensuring that the specific risks and operational requirements of your business are adequately covered.
Yes, Business Interruption Insurance covers ongoing operating expenses such as utilities, rent, and payroll, helping your business stay afloat during the interruption period.
No, Business Interruption Insurance is usually an add-on or rider to a standard property insurance policy. It must be specifically requested and included in your coverage plan.
The coverage period, known as the indemnity period, usually lasts until your business resumes normal operations, but it is subject to a maximum time limit specified in your policy.
Business Interruption Insurance typically does not cover losses due to pandemics or infectious disease outbreaks. For such coverage, you might need a specialized policy or endorsement.
Premiums for EPLI are based on factors such as the size of your business, industry, number of employees, claims history, and the level of coverage you choose. Working with an experienced insurance provider can help you find the best rates for your specific needs.
EPLI typically does not cover claims made by independent contractors. It is designed to cover claims made by employees and sometimes by former employees or job applicants.
EPLI is not legally required, but it is highly recommended for businesses with employees to protect against potential claims and financial losses.
Implementing robust HR policies, conducting regular training, and maintaining clear communication with employees can help reduce the risk of employment-related claims. Additionally, having EPLI provides a safety net for unforeseen issues.
EPLI does not cover claims related to bodily injury, property damage, or professional errors. For these types of claims, you would need General Liability Insurance or Professional Liability Insurance.
Employment practices questions
Premiums for EPLI are based on factors such as the size of your business, industry, number of employees, claims history, and the level of coverage you choose. Working with an experienced insurance provider can help you find the best rates for your specific needs.
EPLI typically does not cover claims made by independent contractors. It is designed to cover claims made by employees and sometimes by former employees or job applicants.
EPLI is not legally required, but it is highly recommended for businesses with employees to protect against potential claims and financial losses.
Implementing robust HR policies, conducting regular training, and maintaining clear communication with employees can help reduce the risk of employment-related claims. Additionally, having EPLI provides a safety net for unforeseen issues.
EPLI does not cover claims related to bodily injury, property damage, or professional errors. For these types of claims, you would need General Liability Insurance or Professional Liability Insurance.
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