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The Pivotal Insurance Agency LLC

217 West Main Street,
Louisa, VA 23093

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Do I need to have auto insurance when my auto loan is paid off?

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If you are living and driving in the state of Virginia, you need to have state-mandated auto insurance. In order to register a vehicle, you need to have the necessary insurance coverage. This is required whether you have a car loan or not. At The Pivotal Insurance Agency LLC in Louisa, VA, we are an independent insurance agency that places the needs of our customers first. We work for you, not for an insurance company, and we take that responsibility seriously. 

In simple terms, yes, you do need to have auto insurance when your auto loan is paid off. The mandated insurance is 25/50/20. That is $25,000 for the first person injured in an accident where you are the at-fault driver, with a maximum of $50,000 for an entire accident. The $20,000 is for property damage. This is a reasonable amount but it may not be adequate depending on the accident. 

When you have a car loan, your lender will require that you have more than the mandated liability insurance required by the state of Virginia. You need to carry auto insurance that will protect your vehicle. To protect your vehicle, you must have collision and comprehensive coverage. This insurance is important coverage which you should consider having even if you no longer have a loan. 

Do you use your vehicle every day? Do you need a vehicle to get to work and to do other daily activities? Would you be able to repair or replace your vehicle in the event of an accident, damage incurred by a hit and run, or events beyond your control? If it is a hardship, then having auto insurance to protect your vehicle is a necessity for you. 

Contact The Pivotal Insurance Agency LLC in Louisa, VA when you have questions or needs for auto insurance. 

4 Disasters Your Virginia Home Owner’s Insurance Might Not Cover

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For Virginia residents, homeowners insurance can provide peace of mind, ensuring that your home is protected against the elements, accidents, and other incidents. However, when selecting homeowners insurance, it’s important to understand that some things may not be automatically covered.

At Pivotal Insurance Agency, we want to make sure every homeowner knows about disasters that might not automatically be covered.

Sinkholes Probably Aren’t Covered

Sinkholes are rare in Virginia but can still occur. Unfortunately, sinkhole coverage is not mandated in Virginia. Sinkholes have recently made headlines for swallowing cars in Virginia and it’s likely only a matter of time before a homeowner has his or her house damaged by one.

Earthquakes Usually Aren’t Covered Either

Earthquakes usually aren’t covered with standard Virginia homeowners insurance either. While powerful earthquakes are uncommon in Virginia, Louisa County was hit with a 5.8m earthquake back in 2011. Another powerful quake could hit soon.

You’ll Probably Need Separate Coverage for Floods

Floods are a serious risk in Virginia and a flood can quickly destroy a home and all of your personal belongings. Unfortunately, unless you have special coverage for flooding, you’ll likely find that your standard homeowners insurance does not cover flood damage.

Mudslides and Landslides Usually Aren’t Covered

Heavy rains can cause not only floods but also mudslides. Mudslides can wipe out your home even if it’s located high up a hill. Sadly, your standard Virginia homeowners insurance likely doesn’t cover damage from mudslides.

Make Sure Your Virginia Home is Covered

Your home is your castle. Make sure you fully understand what’s covered under your Virginia homeowners insurance, and when you find gaps in coverage, consider filling them with supplemental homeowners insurance.

Contact the Pivotal Insurance Agency today to learn more!

Does My Insurance Cover Other Drivers of My Boat?

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You brought your friends out on a sunny day to enjoy some boating time on the water, but you don’t want to get stuck sitting behind the wheel. You think about letting one of your friends take the wheel while you enjoy kicking back for a while, but are you sure if anyone else is covered under your boating insurance policy if an incident happens while they’re navigating Louisa, VA waterways? 

The state of Virginia does not require a boat owner to carry boat insurance. They do require you to register your watercraft and get a certification of completion of a boating safety course, and some Louisa, VA marinas may require you to carry boat insurance to be able to dock. However, while boat insurance is not mandatory in Virginia, it is a safety precaution just as important as a fire extinguisher or life jacket.  

The Pivotal Insurance Agency LLC offers boat insurance policies that cover liability and physical damage to your boat, yacht or commercial sailing vessel. 

Typical boat insurance coverage includes: 

  • Uninsured boater coverage  

  • Property 

  • Liability Coverage 

  • Towing  

Does Homeowners Insurance Cover Other People Driving My Boat? 

While your homeowners insurance policy may cover your boat in the event that it is damaged while someone you know was operating it, the coverage doesn’t go very far. Your homeowners policy will typically cap at 10% or less than your home’s value – and provides no liability coverage for damage your boat may do to others. Generally, your homeowners policy doesn’t provide enough coverage unless your boat is slow, extremely small, or inexpensive. Your homeowners insurance will not cover liability to others or other property in the event that someone operating your watercraft is involved in an incident. 

Boat Insurance Exclusions 

While your boat insurance may cover another passenger navigating your vessel, if your child doesn’t meet the age, training, and license requirements in your state, your boat insurance policy will not cover them. For example, nobody under the age of 14 may operate a personal watercraft, regardless of your insurance coverage. 

Questions About Boat Insurance Coverage? 

We’ve got answers! Call The Pivotal Insurance Agency LLC today for more information about how to find the best boat insurance policy to protect yourself and your passengers while your boat is on the water, being towed, or in storage.