When is a Car Considered Totaled—And What Happens When It Is?
Posted: September 30, 2024
The first step in determining whether a car is totaled (or, in insurance terms, a total loss) is to calculate its actual cash value (ACV) at the time of the loss. The ACV is how much your vehicle is worth after factoring in depreciation. On average, vehicles depreciate more than 20 percent in the first year and approximately 10 percent each additional year for the...
How Named Storms Affect Your Insurance Coverage
Posted: September 23, 2024
When a hurricane is on the way, you have to act fast. While you’re making an evacuation plan or stocking up on bottled water, the last thing you want to be thinking is, “Will my insurance cover what happens after this?” Yes, hurricanes can be devastating – personally and financially. But anxiety can keep you from being present to what matters most. We want you...
When Should I Call My Insurance Agent?
Posted: June 14, 2024
While the information age has graced us with many online conveniences, there are areas of importance where only a conversation with another person will do. Insurance is one of those topics. Talking things over with a friendly, knowledgeable agent — especially one from a proven provider who knows your circumstances personally — can mean a big difference when it comes to planning your security. But...
Must-Know Boating Safety Tips
Posted: May 17, 2024
As the weather gets warmer, this could mean spending the day on the water. Whether it’s a day sail or boating around a lake, it’s helpful to brush up on boating safety best practices to help avoid an accident. In 2022, 636 people lost their lives in boating accidents, according to the United States Coast Guard. Another 2,222 were injured in 4,040 total boating accidents...
Am I Covered If I Buy a New Car on the Weekend?
Posted: May 13, 2024
It’s a Saturday afternoon and life is looking up. After weeks of searching for a new vehicle, you’ve finally settled on the right car. You completed the test drive, negotiated a good price, agreed on a trade-in value and signed all the paperwork. Now, with keys in hand, it’s finally time to drive off the lot. But as you give your Erie Insurance agent a call...