Month: March 2019

How Classic Car Insurance Differs From Everyday Car Insurance

Posted on by agentinsure

At Neff & Associates Insurance Services Inc serving Pismo Beach among the insurance products we offer is classic car insurance. If you have a classic car, there are several reasons you’ll want to get a classic car insurance policy rather than just add your car to the insurance policy of the car you drive every day.

One reason is that because unlike the vehicle you use everyday, classic car insurance offers agreed or guaranteed value. This means that if the car you prize is destroyed in a covered event, you get the current value as listed in a car valuation guide or determined by a professional appraiser. After all, classic cars increase in value rather than depreciate.

Another difference is that most classic car insurers cap the number of miles you can drive them yearly in exchange for a rate that’s lower than for your everyday vehicle.  With annual mileage typically set at 5,000 miles, you’ll get the lower rate. Insurers for these cars also want you to store your car in a secure garage. 

Policies of this type look out for you. Some have clauses that if your car should breakdown, only a flatbed truck will be sent to tow it. Clauses can also state that you can get original manufacturers parts rather than aftermarket parts should your vehicle need to be taken in for repair. And if you have really practiced due diligence and purchased extra spare parts, some policies will reimburse for those parts if they are damaged or stolen. 

Classic car insurance is worthwhile for the vehicle you probably worked hard to find and acquire. Take a moment to contact us here at Neff & Associates Insurance Services Inc as we serve Pismo Beach, CA and will help you find the best way to protect your asset on wheels. 

Insuring Technological Advances in Business

Posted on by agentinsure

The pace of business in 2019 demands technology capable of meeting the demands of consumers.

From small business to Fortune 100 enterprise, modern advances are available to support improving the way business is conducted. These advances require a fresh look at business insurance policies.

Perhaps the primary technology that is being implemented across numerous industries is drones. From crop sprayers in farming to traffic monitors to package delivery, drone technology is adaptable to meet the needs of many businesses.

That’s why it is so necessary to understand the options when it comes to insuring drones and other technologies. Neff & Associates Insurance Services Inc serves Pismo Beach, CA and will help you get the right insurance for your technology.

Film and still photo insurance is one of the unique coverages required to own and operate a drone in California. There are minimum basic requirements for photography and additional insurance requirements for drones.

Unmanned Aerial Systems (UAS) can be insured through " an aviation-specific insurance carrier (such as Global Aerospace)" or by adding UAS coverage to a general policy.

Another technology that will require additional expertise from insurers like Neff & Associates is the up-and-coming self-driving vehicles. Self-driving fleet will require not only standard automotive coverage but will have implications to all business owners.

According to a study conducted by the California Department of vehicles (DMV), there have been "concerns related to insurance a determining liability."
Autonomous vehicles will present new and unique challenges to business owners seeking to add efficiencies for their customers while keeping the right coverage to protect their assets.

As technological advances like drones and autonomous cars impact the way business is conducted, experts like Neff & Associates Insurance Services Inc, serving Pismo Beach, CA are here to help.