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Check Your Insurance Coverage

By
Real Estate Agent with Private Label Realty ( Denver metro area, Colorado EA1321548

~ Check Your Insurance Coverage ~

Insurance PolicyOne of today's features written by Doug Rogers "No Dear Buyer, You May Not Ride in My Jeep" has inspired me to write this post.  Reading through all the comments and the pro's and con's of having buyers ride in your car vs. follow behind reminded me of something that just happened to me.

Recently I needed to renew my auto insurance.  I contacted my current carrier and was surprised to hear that they were not going to be able to continue my coverage due to some new underwriting guidelines.  (No, I did not receive multiple tickets nor have many accidents since my last renewal.)  I was told that their underwriting policy had changed.  Since I occasionally put buyers in my car, they could not insure me!  What?!

But what was even more interesting, was that I encountered several more insurance carriers that had adopted that same guideline.  Seriously!  I had called four other "big" insurance companies only to be told the same thing.  One of the companies that I had called was one that had been recommended to me by another agent.  When I was told they couldn't cover me, the other agent called them and ended up having to switch to another insurance company because of this.

Check your insurance coverage before you find yourself in a car accident with buyers in you car and find out too late that you won't be covered!

Posted by

 

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Keller Williams Real Estate, LLC

Broker Associate, CNE, CRS, GRI, SFR

Servicing buyers and sellers in the Denver metro area since 1993

Three easy ways to contact me:

email me directly Dawn@downhomeindenver.com

visit my website to search for homes or find the value of what your home is currently worth visit: www.DownHomeInDenver.com

call or text me directly on my cell: 303-332-8025

The choice is yours.  Let my expertise work for you!  Servicing the Denver Metro area/ Aurora, Centennial, Denver, Englewood, Greenwood Village, Littleton, Lone Tree and Parker

*** Voted one of Denver's 2011, 2012 & 2013 "FIVE STAR REAL ESTATE AGENTS" by an independent survey of recent homebuyers to find the best in client satisfaction.***

                                               

 

Krista Abshure
Fathom Realty - Fuquay Varina, NC

Thanks for sharing!  So the big question is who did you end up being able to be insured by?  Did you have to go with a local company or were you still able to use a national insurance provider?

Nov 14, 2011 05:41 AM
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Interesting, I did not like the extra premium I had to pay when I added this coverage to our policy... but apparently I am lucky to get the coverage at all!  Who knew?!

Nov 14, 2011 06:37 AM
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Krista ~ I was able to get insurance from Farmers. 

Brenda ~ there was no extra premium, they just flat out wouldn't write the policy!

Nov 14, 2011 06:49 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Dawn, thanks for the head's up.  I'll need to check into this.  I know that I had to increase the amount of coverage when I got my license, but I haven't had any problems with State Farm. 

Nov 14, 2011 03:55 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I also have State Farm and have not had this problem....so far! 

Nov 17, 2011 08:48 AM