Auto Insurance From Econo-Wise Insurance

ECONO-WISE INSURANCE FREQUENTLY ASKED QUESTIONS

Why do I need boat insurance?

Most states do not require you to have boat insurance. However, boat insurance offers protection from theft and liability in case of an accident. If you get a loan to pay for your boat, your lender will most likely require you to carry boat insurance. If you have homeowners insurance, your policy may provide only limited coverage for boats and probably doesn’t cover injuries or accidents while you’re on the water. Many types of boats are probably excluded from coverage on your homeowners policy. To make sure you’re covered for boat injuries like water skiing accidents, theft and damage, you’ll need boat insurance. If the other guy doesn’t have boat insurance, you’ll need coverage for uninsured and underinsured boaters. Talk to your Econo-Wise specialist to find out more.

Who receives payment for damage repair?

With your authorization, Econo-Wise is happy to pay network shops directly. For other shops, Econo-Wise can provide a check to you, to the shop or to you and your lender if you have a loan or lease on your vehicle.

Who is responsible if my neighbor’s tree falls on my roof?

The owner of tree has a duty to exercise proper care in maintaining his property, however the burden of proof may fall on you to establish the neighbor was negligent in his maintenance.

What is a total loss?

A total loss is declared when the cost of repairs is greater than the total value of the vehicle. We work with an independent company to make this determination. Model, year, mileage, condition, options and your local market area are all factors in deciding if your car is a total loss.

What is a deductible?

A deductible is the dollar amount you’ve agreed to pay out of your own pocket before your insurance policy kicks in and starts paying the bills.

Example:
If the total cost to repair the damage to your vehicle is $1,000 and you have a $500 deductible, you pay $500 of the $1,000.

What if the damage to my car is less than my deductible?

It’s a good idea to report a claim even if you think the cost of your damages is lower than your deductible. Here’s why:

  • Even if the damage appears to be minor, the repair costs may be more than you expect.
  • If you have coverage for damage to your car, we can estimate how much repairs will cost. This estimate can be helpful when working with your repair shop.
What if stuff is stolen from my car?

Auto policies usually have limited coverage for personal belongings. However, many homeowners and renters insurance policies cover personal items you have with you or in your car. Ask your claims representative if your policy covers this type of loss.

What if additional damage is found?

It’s fairly common for repair shops to discover additional damage once they start work. If this happens at a network shop, we’ll work directly with the shop to ensure repairs continue without interruption. Shops outside of our network will need to submit an updated estimate for approval.

What are your business hours ?
SOUTH LOCATION: Monday – Friday: 9:00 AM – 5:30 PM Saturday: 9:00 AM– Noon
EAST LOCATION: Monday – Friday: 9:00 AM – 5:00 PM Saturday & Sunday: Closed
To whom do I pay my deductible?

In most cases, you pay your deductible to the contractor who does the repairs.

If it’s only a fender bender, should I still file a claim?

If another driver or another person was involved in the accident, reporting the accident allows us to investigate what happened while the event is still fresh in your mind. A timely investigation can help us protect your interests if the other people involved claim that you’re responsible for their damages or injuries.

How does payment for my damages work?

If you have a mortgage on your home, payments for repairs may be made payable to you and your mortgage lender.

Can you offer me an Auto/Home discount?

Yes, we have major companies that offer the Auto/Home Discount. Approval required.

Can I insure my boat or watercraft for use year-round?

Yes. It’s inexpensive to be protected with high-quality coverage that lasts for an entire year. Even if you’re not using your boat while it’s in storage for the winter, it’s still important to protect yourself against fire, theft, vandalism and even liability.

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