• Connect

    Link to my Kelly-burke-social-facebook Page
    Link to my Kelly-burke-social-linkedin Page
    Link to my Kelly-burke-social-twitter Page
  • Get A Quote

    Stay informed with the latest news.

    What You Need to Know About Rental Car Insurance.

    Posted: July 21, 2018

     

    You’ve probably been at the rental-car counter, listening to the representative ask if you want to purchase the company’s insurance. And the thoughts start racing through your head. “Is this a rip-off? Doesn’t my regular auto policy cover me? What about my credit card? Why didn’t I figure this out before I left on my trip?”

     

    At Kelly Burke Insurance, I am here to help. And while not every situation is the same, I’ve got some general tips that will help you make an informed decision the next time you’re standing at that counter.

     

    1. Know your personal auto policy.

    Because insurance policies vary, it’s a good idea to give us a call — before you rent a car — to make sure you have the coverage you need. In many instances, your personal auto policy will provide coverage for a rental car — but that coverage may be limited to the value of the car you own, rather than the one you’re renting. Of course, if you don’t have a personal auto policy, you’ll need to purchase coverage from the rental company.

     

    And keep in mind that in the event of an accident, many rental companies will charge fees beyond repair costs. They may assess a loss-of-use fee for each day the car is unusable, as well as charge you because the value of the car has decreased. Not all insurance policies cover these fees.

     

    2. Also know your homeowners or renters policy.

    If you’re traveling with expensive electronics or other valuable items, you probably want to consider what coverage you’ll have in the event they are stolen. Your personal auto policy and/or credit card coverage likely won’t provide protection for this scenario.

     

    3. Check your credit card protection.

    Most credit cards will also provide some coverage, but often payment is limited to reimbursement of your personal auto policy deductible (after that policy pays for repairs). Generally, loss-of-use and other fees are not covered, but it’s important to check with your credit-card provider to determine their policies. And while some cards may offer additional protection for a fee, usually coverage is limited to damage to the car, not liability for any injuries to others. Remember, to receive any sort of benefit from your card, you must use that card to pay for your entire car rental.

     

    4. Consider any unique circumstances.

    Are you renting a car in a foreign country, or for more than a week? You’ll definitely want to get confirmation of coverage from both your insurance carrier and credit card company because different rules might apply. Also, no matter where you are, vehicles such as trucks, RVs or exotic sports cars often aren’t covered under standard agreements. And if you’re using a car for business purposes, your personal coverage might not apply. Finally, if multiple people will be driving the car during your trip, make sure your coverages will apply to them.

    According to the Insurance Information Institute, rental companies offer four main types of coverage.

    A Loss Damage Waiver (LDW) relieves you of responsibility if your rental car is damaged or stolen. This may also provide coverage for loss of use.

    Liability Protection provides protection from lawsuits if you are sued after an accident.

    Personal Accident Insurance covers you and passengers for medical bills after an accident. You may not need this if you have adequate health and auto coverage.

    Personal Effects Coverage protects you if items are stolen from your car. You generally are covered for this under your homeowners or renters policy, but keep in mind that the loss must exceed your deductible for you to receive payment. If you have a high deductible, it may make sense to purchase this coverage from the rental company.

     

    When you go on vacation, you don’t want to stress out about insurance. So give me a call at 708-444-0050 before you leave. Then, when you head over to the rental-car counter, you can stop worrying about your coverage — and start enjoying your trip!

     

     

    Tips to Getting Your Basement Dry

    Posted: April 18, 2013

    You may be surprised at what can be saved after it has been damaged from water. The most important tip is to get rid of the water ASAP. The longer the water sits the more of an issue it becomes with mold and the harder it is to repair. Below are some tips to remediating your water damage.

    *Remove important items that can be picked up and moved to another room. Once removed from the water dry with a fan.
    *Find the source of the water. There may be leaves clogging a sewer or a faulty sump pump. If so, remove the leaves or replace the sump pump. If you need a referral I can provide you with one for immediate sump pump repair.
    *Use a dehumidifier or air conditioner to circulate the air and reduce moisture buildup in your basement.
    *Confirm that your policy has sump pump/sewer back up coverage, the endorsement will provide coverage for water removal and damaged items.

    Wondering why your home insurance premium continues to increase??

    Posted: February 7, 2013

    *Since 1997, the Homeowners insurance industry has suffered more than $50 billion in underwriting losses, according to the Insurance Information Institute.

    *The industry estimate for 2012 is a $12 billion underwriting loss.

    *A lot of this is due to increased natural catastrophes—there have been an average of 63 natural catastrophes a year since 1997 compared to an average of 32 a year for the previous 16 years (’81-’96).

    *And, a lot of it is due to the severe nature of the claims—the severity of catastrophe-related claims is up 200 percent from ’97 to 2011.

    Questions
    Questions

    Feel free to email or call me with any questions or comments about my services or if you have any insurance related inquires.

    Contact
    Contact

    Phone: 708.444.0050
    Email: kelly@kellyburkeinsurance.com

    Availability
    Availability

    Monday - Friday: 10am - 5pm
    Evening and weekends
    available upon request