Real Stories
Being uninsured or underinsured can lead to major financial and personal issues. Every day, people lose their incomes, homes, vehicles and savings because they aren't properly insured. A trusted advisor can help you avoid disaster and enhance piece of mind. Here are some of the most common gaps we see in coverage.
Auto and Watercraft Coverage
Every day there are fender benders and minor incidents, and there are the "biggies" that take out cars, people and property. They can happen on the road or on the water.
At Payne Financial Group, our professional advisors know these possibilities - and how to protect you from them. Whether you're shopping for new insurance or just need a check-up assessment, let us make sure you've got the right coverage for your needs, today and every day. Don't think that just because you have car or homeowner's insurance you're fully protected in a fender bender or a major event (and never assume the other driver or boater has appropriate coverage) - let us make sure.
Real stories to consider:
December 2007, a Chevrolet Tahoe driver missed a curve in the road, drove through the boxwood hedge and into a home, taking out two bedrooms before stopping halfway out the home's back wall. The accident injured the driver, totaled the SUV, caused a gas leak that evacuated the neighborhood and did major damage to a stranger's house. Would your insurance help you get out of this mess?
In March 2005, a man was mad at his ex-girlfriend so he decided to "bump" his pickup truck into the rear of her pickup as the two traveled a busy thoroughfare in the Seattle metro area. The ex-girlfriend's truck flipped and hit a third car into on-coming traffic. Car four swerved into a parked car. In the end, a six-vehicle pile-up stopped traffic for hours and the originating driver was booked into jail and later pleaded guilty to domestic-violence assault and vehicular assault, according to reports in The Seattle Times. The five other drivers were sent to the hospital, two in critical condition. Ethel Adams was one of the critical, having been cut from her crumpled Hyundai Accent. She spent a month in the hospital and another five in a nursing home; in October she walked only with a walker. Adams thought her $2 million worth of insurance coverage was the right stuff from the right company; the driver who started the wreck had no insurance. She was wrong. In October 2005 she was being told that she would receive zero insurance monies. (Because she was driving for work at the time of the incident, the state of Washington workers' compensation paid her medical bills, according to October newspaper reports, but that didn't touch the multitude of other associated costs that Adams had hoped her insurance would cover without a court battle.)
Umbrella Coverage
Homeowners Coverage
Auto and Watercraft Coverage
