For all kinds of reasons right now, your car is most likely worth more than you think it is.
Generally, in the old days (like two years ago) the coverage you had on your vehicles would follow a basic timeline. When it’s newer you would have Comprehensive and Collision. This would hopefully make you whole again if you have a loss to the vehicle.
As time went on, and the value of the vehicle decreased, it was a good first step to remove collision and just keep Comprehensive (known as “Other Than Collision” coverage). Then finally, when the value was at a point in which it was not financially worth it, you would remove all but liability.
Now, cars and trucks are demanding a premium on the used market. If you dropped Collision because you thought you could buy a used car for a manageable amount, that may not be true anymore.
This is the reason we have been taking a second look at the coverages on your policies… it may be a good idea to up your coverage, at least for the time being.
Nick Springer, current President and CEO started with the Agency in 1991 handling office tasks such as taking out the trash, filing, and licking hundreds of envelopes at the ripe old age of 10. He came back to the Agency in 2000 after school. Nick has spent his career handling all aspects of insurance from Auto and Home to Yachts. When Reta retired in 2018, Nick and his wife Shannon took over as the second-generation owners.
