SERVICES : Personal Insurance DANGERS OF LOWERING OR CANCELLING AUTO INSURANCE TO SAVE MONEY Aug 28, 2009 by Courtesy of Insurance Newscast Unfortunately, many of United States residents have been impacted negatively by the downturn of the economy often leading to the unwise decision of either lowering or cancelling automobile insurance coverage to save money. The serious risks and consequences of such decisions are often not realized, turning out to be more costly in the long run. Failure to Maintain Mandatory Insurance Coverage All but two states make having some kind of protection mandatory in order to operate vehicles legally. Driving without proof of financial responsibility may result in citations and even the impounding of vehicles. Some states may even suspend driving privileges and vehicle registrations and the penalties and fines incurred will most likely turn out to be far more costly than having maintained coverage in effect. Furthermore, a person financing a vehicle is usually required by their lien holder to have "Comprehensive and Collision" coverage in order to protect their automobile for physical damage and theft. Failure to maintain such coverage may lead to the forced placement of a policy by the financing institution where the premium is usually much higher than what an individual would normally pay, resulting in an increased financial burden. The Dangers of Uninsured or Underinsured Driving Various types of coverage are designed to protect an insured's investment in their vehicle, pay medical damages and cover legal liability to other's injury or damages as a result of an accident. Without a policy in force or without the proper coverage, a person would have to bear the entire cost in the event of an accident, leading to a crippling financial loss. It's far too expensive and dangerous to cancel or lower coverage. Take the smart alternative is to find cheap auto insurance rates by instantly comparing quotes online from a variety of companies. As advised by most government-issued consumer guides, comparison shopping for the right insurer increases the chances of finding affordable premiums without having to compromise the desired protection.
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Montgomery Insurance and Investments Agency, Inc. is a locally owned and operated independent insurance agency with specialists in personal and commercial insurance, financial services including investments and employee benefits. They have two conveniently located offices in the downtown areas of Jamestown and Xenia.
Left to right: Jim Saner, Eric Montgomery, Brad Montgomery and Roy Montgomery. "Prompt efficient service." - Paul & Edith Calloway DISCLAIMER - Securities and investment advisory services offered through Tower Square Securities, Inc., a member of FINRA / SIPC. Montgomery Insurance and Investments Agency, Inc. is not a registered investment advisor or a securities brokers dealer and has no affiliation with Tower Square Securities, Inc. Eric Montgomery is licensed in AL, CA, FL, GA, IL, IN, MA, MI, MO, NC, OH, VA, VT, WI, WV for the sale of security products. Roy Montgomery is licensed in OH for the sale of security products. Don Cain is licensed in OH for the sale of security products. |
Personal Insurance CONSIDER BUYING EARTHQUAKE INSURANCE OHIO HOMEOWNERS AVERAGE INSURANCE PREMIUM INCREASED SLIGHTLY IN 2007 Commercial Insurance No articles available. Employee Benefits HEALTHY LIFESTYLE TIPS FOR PREVENTING INFECTIONS Financial Services No articles available. |
| Xenia: 114 South Detroit Street • Xenia, OH 45385 • (937) 372-7646 Jamestown: 1 West Washington Street • Jamestown, OH 45335 • (937) 675-9321 |
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