What Are Your Options for Coverage of a Car in Long-Term Storage?

When you’ve decided to store a vehicle long-term without driving it, you might be tempted to go without insurance or keep paying your regular insurance premium until you resume driving it. At Senn Insurance Agency in O’Fallon, MO, we help our customers with various unique vehicle insurance situations. They can range from long-term storage, including military deployment situations, to classic cars driven for special occasions and valuable vehicles kept as an investment.

Your Car Has Value that Needs Protecting

Things can happen, even to a car in long-term storage. Without insurance, it’s up to you to manage repairs or accept the loss. Maintaining some form of comprehensive insurance can protect your vehicle from a wide range of risks and ensure that your investment is not inadvertently lost or reduced. Even if the problem is with the storage facility, having your own carefully selected coverage is wise.

Do You Need Liability Coverage if You’re Not Driving the Vehicle?

There may be options to adjust, pause, or modify liability coverage to get the desired protection without unnecessary extras. If your car is registered, though, the state of Missouri expects it to have at least minimum liability insurance coverage and provides penalties if not. At Senn Insurance Agency in O’Fallon, MO, we can help you coordinate registration and insurance issues together. Also, a full lapse in coverage can increase premium when coverage is resumed.

Storing your vehicle doesn’t have to mean continuing your full insurance coverage, but adjusting coverage is something you should consider doing with our experienced help. Give us a call. Let’s talk about your plans and how we can help!

Did you know that car insurance is mandatory in 48 out of 50 states? Are you driving legally? The Senn Insurance Agency, serving the O’Fallon, MO area, can provide the coverage you need.

You are a careful driver. Why do you need insurance? Because it offers financial protection if you cause an accident. You will be liable for any associated expenses. They include the medical costs of the injured party or their lost wages if they cannot work. Liability coverage helps to pay for these expenses.

In addition to liability coverage, collision and comprehensive insurance are recommended. Collision insurance will cover the cost of replacing or repairing your car if you are at fault in an accident or if the other driver’s insurance does not cover the cost of your repairs. Comprehensive insurance covers damage to your vehicle after a theft, vandalism, falling trees, rogue deer, floods, etc.

Law enforcement is not very forgiving to the uninsured motorist. The suspension of your license will not be lifted until you show proof of insurance coverage. Purchasing insurance on a suspended license is ridiculously expensive. It can cost from 150% to 400% of the cost of a standard policy. It is not worth the risk.

So, unless you live in Virginia or New Hampshire, where this coverage is not mandated, you should have it. It is not worth the ramifications if you drive without it.

Contact the Senn Insurance Agency today for a no-obligation quote or answers to any questions you may have. You will be glad you did.

Do you have auto insurance in O’Fallon, MO? Do you know what it covers? Unfortunately, most motorists buy auto insurance to comply with the law but barely understand the policy’s contents. If you want to harness the power of your car insurance policy, you must understand what it covers. This way, you will be better placed to know what "add-ons" you can purchase to boost your policy.

So, what does your car insurance cover? Senn Insurance Agency highlights four key areas covered by your auto insurance.

Liability coverage

Despite how careful you are on the road, you can cause an accident. When deemed at fault for an accident, you may be responsible for bodily injury and property damage caused. Since liability claims can be expensive, you had better cushion yourself with car insurance.

Assets coverage

Your car is not only expensive, but it also holds good memories. Since your car means the world to you, it makes sense to protect it with car insurance. Auto insurance compensates you when you lose or damage your car. You don’t have to start from scratch when the unexpected strikes.

Medical costs coverage

Car accidents are common in the US, and motorists and passengers rarely escape unscathed after an accident. Since treating auto injuries can be expensive, you are better off investing in MedPay or PIP, even if you have a health insurance plan. These policies cover expenses like partial loss of wages that aren’t covered by your health insurance.

Uninsured motorists coverage

While auto insurance is mandatory in Missouri, you still find motorists without coverage. Uninsured motorists leave a trail of uncovered damage, hence the need to invest in uninsured motorist coverage to protect you from such losses.

Ready to invest in car insurance? Please get in touch with Senn Insurance Agency. We offer comprehensive yet affordable car insurance policies in O’Fallon, MO, and surrounding areas.

You might receive a cancellation notice in the mail if you fall behind on your payments. If you want to keep your policy, you can usually pay the amount you owe plus any late fees to reinstate it. Some insurers also offer a one-time courtesy reinstatement if you fall behind on your payments and let your policy lapse for a certain period. Contact Senn Insurance Agency if you stay in O’Fallon, MO for questions. 

What Goes Around Lateness in Auto Insurance Payment 

Your policy will typically go into a "grace period" for a set time. Usually, 10–20 days, in which you can still make the payment, and the policy will remain in effect. After that, the policy will likely go into "suspension," which means that the policy is no longer in effect, and you will no longer be covered if you are in an accident. 

If you make the payment during the grace period and your policy has gone into suspension, it will typically go back into effect. If you do not make a payment on your policy when it is due, your insurer will likely notify you that the payment was not received. To avoid having your policy canceled, keep track of the due dates for your payments and prepare to make the next one on time. 

You will receive a mail notice if you are late on your payment or your account has reached its limit. If you do not take action and make the payment, the insurer will likely cancel your policy. You will have to purchase a new policy at the current rate. If you paid your bill late, but your account did not reach its limit, you may be eligible for a one-time courtesy reinstatement. 

If you want to change your policy mid-year, you must purchase a new one at the current rate. You may be eligible for a one-time courtesy reinstatement if you paid your bill late, but your account did not reach its limit. 

Final Words 

Your insurer may cancel your policy if you have not resolved the issue and made the next payment by the due date. If you have a paid policy, you may lose any no-claims or discounts you have earned. If you have a non-paid policy, your insurer may consider the policy void and not renew it when it expires. Get help with Senn Insurance Agency serving in O’Fallon, MO.