Why Do Auto Insurance Rates Change With Age?

In this economy, you always want to make sure you are getting the best deal possible. Because the nature of car insurance makes it a legal necessity, it is especially important that you get a great deal on your car insurance. One of the tricky aspects of car insurance, though, is how rates can seem to change simply because of your age. At Gallina and Sons, serving Pittsburgh, PA, we know that you need solid insurance information in order to make solid insurance choices. Keep reading to better understand why insurance rates change with age. 

What’s Age Got to Do With It?

Insurance rates are determined based on risk factors. In order to understand risk factors, insurance companies must research a great deal of information concerning auto accidents and who is involved in those accidents. Over the year’s insurance companies have discovered that age is a very significant factor in car accidents. For this reason, age often plays a significant part in determining your risk factor and that risk factor will determine your insurance rate. 

What To Expect 

Based on years of research, insurance companies have determined that young drivers are the most at-risk drivers on the road. Insurance rates for this age group will often be much higher. With age and a good driving record, however, these rates will come down. Another age group which has been identified as higher risk is elderly drivers. For this reason, insurance rates will often start to rise again after age 50. 

In order to keep your rates as low as possible, it is important to always practice safe driving and avoid speeding and traffic violations.

If you would like to learn more about insurance rates, please contact our office at Gallina and Sons, serving Pittsburgh, PA. We will be happy to answer your questions today. 

Types of Commercial Insurance

Commercial Insurance

There are many different types of insurance for businesses. Some are required and others are commonly recommended to provide a business owner with full coverage for accidents and calamities. If you need commercial insurance, contact us at Gallina and Sons in Pittsburgh, PA. Our agents can talk about the major types of commercial insurance and which might be right for you.

Property Insurance

Commercial property insurance works differently from policies that are for private homes. It covers specific calamities that can happen to all or part of the building. It may or may not, depending on the contract, cover items inside the building. 

Liability Insurance

This type of commercial insurance protects the company from damages that are done to third parties. This often means members of the public, but it can also mean contractors and merchants, depending on the specific contract. 

Workers’ Compensation Insurance 

This insurance type covers injuries and illnesses that happen to employees while they’re on the job. The coverage is for medical bills that stem from these incidents. 

Commercial Auto Insurance

This type of insurance works much like a regular auto policy, but it is especially for company-owned vehicles. If you have a vehicle that isn’t owned by the company but that you use for company business, this may require commercial insurance as well. Talk to an insurance agent about the vehicles owned by the business as well as the ones that are used on behalf of the business.

Get Your Commercial Policies

If you have not yet insured your business, there are likely several types of policies it needs. Call us at Gallina and Sons in Pittsburgh, PA to make an appointment with an insurance agent about your company’s insurance needs. 

Do I need home insurance in Pittsburgh?

The Pittsburgh, PA area continues to be one of the largest cities in the state of Pennsylvania. This city continues to offer local residents with many different amenities including plenty of recreational options and a good job market. Due to this, buying a home here could be a great option. Along with the purchase of a home, you also need to carefully consider your insurance needs. There are several reasons why you will need to have home insurance in this area of Pittsburgh. 

Required to Protect Asset

The main reason that you need to get home insurance is that it is required to protect your assets. Anyone that buys a home is going to be making a big investment in their future. The last thing that you would want would be to lose this asset due to serious damage. With a home insurance policy, you can receive the protection that you need to manage this risk.

Lender Requirement

You will also need to get home insurance because it could be a lender requirement. If you have financed your home with a mortgage, your lender will want to ensure that you have the proper home insurance coverage in place. They will do this by approving your insurance policy and requiring escrow payments to ensure continued coverage. 

Those that are looking for a new home insurance policy in the Pittsburgh, PA area should make sure that they speak with someone that is experienced and can answer all of their questions. A great resource for all of your home insurance questions and advice is Gallina and Sons. The team at Gallina and Sons continues to ensure that you are properly represented when choosing a new policy. They will help you to understand all of your needs and then build a policy accordingly. 

Full Coverage vs. Liability

Driving on the Pittsburgh, PA roads can be hectic, which is why it’s important to have the right coverage for your automobile. However, some drivers may be torn between getting just the minimum amount of coverage, liability, and getting full protection on their vehicle, full coverage. The insurance experts at Gallina and Sons have put together a handy guide to help you navigate the world of car insurance and compare these two different coverage types. 

What Does Full Coverage and Liability Cover?

When you have full coverage on a car, you are covered in the case that you get into an accident and you are either at fault, the other driver is at fault, or your car is damaged in an act of nature. Liability only covers you if you get into an accident and you are the one who is at fault. Both provide financial relief in the event you get into an accident, it’s just a matter of the severity of the accident and the specific circumstances of the accident that determines what coverage you will receive. To find out which coverage is the most appropriate for you and your circumstances, visit Gallina and Sons for a consultation. 

Which Is Better?

The answer to this question isn’t so cut and dry? Both coverage types are suitable for different kinds of people in different kinds of situations. If you want your car to be covered fully, then full coverage is probably the option for you. However, full coverage means a higher insurance cost than a liability. Liability may appeal to those who are on a budget or are just starting out and have their own car for the first time, but if you are hit by another driver who is deemed at fault and that driver has no insurance, you wouldn’t receive coverage from liability alone. 

Get Protected with Gallina and Sons

Our office serves the Pittsburgh, PA area, and you can contact us to find the right auto insurance coverage policy for you and your unique situation and lifestyle. 

What are the benefits of getting commercial insurance in Pittsburgh?

When you are in the Pittsburgh, PA area, getting proper insurance protection is very important. This is especially true for small businesses. If you are an owner or manager of a small business in this area you will want to invest in a formal commercial insurance policy. There are several benefits that come when you get commercial insurance coverage. 

Ensures Business Assets are Protected

One very important reason why you need commercial insurance is that it will protect your business assets. A business is going to invest a considerable amount of money in equipment, inventory, and other assets that are needed to build and grow a company. Unfortunately, you will lose out on a significant amount of money if these assets are damaged or stolen. When you have commercial insurance, you will receive coverage to repair or replace these items.

Gives Coverage for Liability Risk

An additional advantage of getting this insurance is that it will give you coverage for liability risk. Businesses of all sizes are going to take on a lot of liability risk on a daily basis. If you have a customer that accidentally gets hurt or ill, you could be held liable. Due to the potential significance of these damages, you will want to ensure that you have a policy that protects you.

When you are going to get a commercial insurance policy in the Pittsburgh, PA area, it is important to receive guidance and support from someone that you can trust. Those that are in this area should call Gallina and Sons to discuss their needs. The team at Gallina and Sons understands the needs of small businesses. They can then offer you advice and guidance that is curtailed based on the needs of your organization. 

Can My Mortgage Lender Decide How Much Insurance I Buy?

When buying a home in Pittsburgh, PA, your mortgage lender is going to have a say in how much insurance you carry. After all, they have a stake in the home, so they will generally require that you carry a minimum level of insurance. Home insurance is not legally mandated, but your mortgage lender has every right to require that you carry some protection.

However, your lender’s input begins and ends at setting the minimum level of insurance that you must carry.

That means that your lender isn’t going to be telling you who you can buy your insurance from. Some lenders may have an insurer that they prefer, but they can’t dictate that you must use their insurance company. Some homeowners will simply allow their mortgage lender to choose their insurer, but this isn’t recommended. You’re going to want to take the time to attain insurance yourself to make sure you’re getting a good deal.

And of course, your insurer can’t dictate a maximum level of insurance. Not that a lender would typically have any interest in doing so, but in any event, all your lender can do is dictate a minimum level of protection. That level may vary from lender to lender, but you’re going to have a hard time finding a lender that doesn’t dictate a minimum of insurance.

If you’re still shopping around for insurance in Pittsburgh, PA, get in touch with us at Gallina and Sons. You can visit the Gallina and Sons website, call us, or stop by the office. Whether you’re a new homeowner or looking for a new insurance provider, we can help you to get the protection you need.

Do I have enough home insurance?

A home insurance policy is a requirement when you finance a home, and it is a good investment when your property is paid off. However, when you bought your home, the policy you picked may not be the best policy for you now. Home improvements and investments in the personal property over time increase your need for insurance. To ensure you have adequate coverage, contact Gallina and Sons serving Pittsburgh, PA. Agents are prepared to review your financial situation, make policy recommendations, and provide quotes for the coverage you need.

What should I expect from a home insurance policy? 

Invest in a homeowner’s policy that is capable of rebuilding your home if it is damaged and replacing your personal possessions. It should also provide the funds needed for temporary quarters while your home is repaired or rebuilt.

Replacement cost or actual cash value?

A replacement cost policy provides the funds to rebuild your home as it was, less your deductible. An actual cash value policy subtracts any property depreciation before you receive your funds. This can mean making compromises in a rebuild or fronting the cash to cover the gap. However, actual cash value policies are more affordable than replacement cost policies, making them attractive to individuals on a tight budget. 

What about my home improvements? 

Whenever you invest in your home — whether it’s a new HVAC system or upgraded kitchen cabinets — you need to adjust your home insurance coverage to incorporate in the added value to your home and the costs of these items. The same applies if you invest in a dining room full of antique furniture or the audio and visual equipment for a home theater room. Contact your agent to discuss changes immediately after your investment. 

Should I up my liability coverage? 

Liability coverage protects you if someone is injured in an accident on your property. If you have any assets you can’t afford to lose, consider upping your liability coverage to the maximum amount your budget allows. 

To learn more about home insurance and the level of coverage you need to protect your investment through the years, contact Gallina and Sons. We serve the Pittsburgh, PA area and are always ready to help.

Ready to Update Your Auto Insurance Policy?

Having good auto insurance matters, and if you’re in the Pittsburgh, PA area you can get that insurance through Gallina and Sons. One of the things a lot of people forget to do when they have insurance on their vehicle is periodically update it to make sure it’s giving them everything they need. They usually update it when they trade their vehicle in on a new one, but sometimes they forget. Or they might let someone start driving their car but forget to add that person to their policy. No matter what kinds of updates you need to make, or even if you just have questions about whether an update is necessary, working with a knowledgeable agent can make all the difference for having the right policy in place.

There are a number of reasons why you might want to update your vehicle insurance. Getting a new car or adding a driver are two important ones, but there are more. Sometimes people lower their coverage when they pay off their vehicle, or they want to bundle home, auto, and other types of insurance. Even if things in your household haven’t changed much, it might be worthwhile to check on a car insurance update. Sometimes those updates can make a big difference in the type and level of coverage you have. A trusted and dedicated agent can help.

Reach out to us today at Gallina and Sons, so you can get the auto insurance policy updates you need. We want to help customers in the Pittsburgh, PA area feels secure about the insurance coverage they have on their vehicles. Whether you need a specific update for a change n your vehicle or household, or you aren’t sure whether an insurance update could be beneficial, we can answer your questions and give you the information you need to make the right choice.

Condo Insurance: What You Need to Know

There are a lot of different types of homes that you can buy in Pittsburgh, PA. Every one of those types will have to be protected by some form of homeowner’s insurance policy. But the question is which home policy is right for you? One of the most confusing policies for homeowners is the condo policy. Here are some things that you will want to know about your condo policy.

The Basics of a Condo Policy

Condo insurance is a cross between a renter’s insurance policy and regular homeowners’ policy. The difference found with this policy is what it covers. It may shock you to know that it does not cover what most people think it should.

  • The condo policy will have the same coverage types such as personal property and it will cover you if you should have to move out while repairs are being done.
  • The policy will only cover things that are inside of the walls of the condo. The condo association will have a commercial policy that will cover the outside of the structure. 
  • The policy may cover from the studs in or from the drywall in. This is important to know because it will affect what your policy will cover. It comes down to whether or not you will have to pay for drywall and paint or simply the interior of the condo.

Buying condo insurance in Pittsburgh, PA will have somethings that may confuse you. That is why you need a reliable agent. All of us at Gallina and Sons are committed to helping you get the right policy for your home. Call us today for an insurance consultation and let us help insure your condo with the correct level of coverage. 

Can commercial insurance help me in emergencies?

To truly prepare your business for tough times, you need a commercial insurance policy that extends beyond basic liability. But how can you be sure what type of coverage you need? The best way is to review your business with a qualified insurance agent like the staff at Gallina and Sons serving the greater Pittsburgh, PA region.

Commercial insurance basics

According to the Pennsylvania Insurance Department, businesses need to protect their structures and other property investments as well as provide workers compensation insurance. Some businesses must also provide certain employees with health insurance coverage. When starting a new business, consultation with an agent and state agencies is key to ensure compliance with all federal, state and local requirements.

Coverage for emergencies

When protecting your business against floods, fires, and other emergencies, you need to develop a comprehensive approach that meets the basic needs of all facilities and locations. Some sites may also need additional coverage to meet other considerations, such as a location within a flood-prone region or a site with earthquakes.

To fully prepare for an emergency, your business needs to invest in replacement cost coverage. This means assessing the full value of your structures, implements, production equipment, inventory or any other necessary elements that make it possible to set up a new shop as soon as possible.

Interruption of business

When your business property is impacted by a disaster, you are likely to endure an interruption of service. Income will be limited during this time period and may be eliminated altogether. At the same time, expenses, such as payroll, utilities, and replacement inventory, continue to come in and must be met.

Commercial insurance policies can cover the interruption of business. To ensure your policy is adequate, make sure to pick a monthly income limit that adequately covers your necessary expenses. This will help you restore services to clients and customers as soon as possible.

Agents at Gallina and Sons serving Pittsburgh, PA can help you review your coverage needs and draft a policy capable of helping your business weather a variety of storms.