Are you planning on renting a car soon for a trip or vacation?
Are you wondering if you need to purchase additional insurance for this rental vehicle?
Are you wondering what will happen if you have an accident or claim with a rented vehicle?
When it’s time to rent a vehicle, you will be offered an option to purchase insurance coverage from the rental car company. Do I need to purchase this coverage?
This is a decision that you need to make, and a friendly team member at McCollum Insurance would be happy to offer professional and friendly advice. Contact us at our Newtown Square location (484.420.7800) or Philadelphia location (215.508.9000) for more information.
A few things to consider are
Who will be driving the vehicle?
Does your personal auto policy extend coverage to a rented vehicle?
Where are you renting a vehicle. Are you renting in the United States or in another country?
Does your personal auto policy have physical damage coverage?
What is the cost to purchase coverage from the Rental Car Company?
Do I already have coverage for rented vehicles?
Typically, your personal auto insurance will extend coverage for Liability Claims.
If you also have Physical Damage Coverage (Collision and Comprehensive Coverage) on your auto policy, your coverage should also extend for damage to the rental car.
For example, Erie Insurance’s Auto Coverage is designed to suitably protect you and your family for incidental use of a car that’s not your own, such as a short-term rental of less than 45 days. The coverage extends to cars in the U.S. or Canada. Please remember, we recommend contacting your Agent to confirm coverage before renting a car.
What McCollum Insurance Recommends
Every situation is different, but our Agency will recommend purchasing the coverage from the Rental Car Company for a few reasons:
The Rental Car Company will examine the car in detail, and will hold you accountable for even the smallest scratches and dents
If the cost to purchase the coverage is minimal, it will be worth it, when compared to using your own deductible for damage to the rented vehicle
Peace of mind – If you purchase the coverage from the Rental Car Company, you will have peace of mind knowing that any damage to the car, will be handled by the Rental Car Company. You will not have to worry about reporting a claim to your own Insurance Company
Did You Know?
Some rental companies will charge for loss-of-use. This charge is meant to cover the loss of revenue, for not being able to rent the vehicle, while it’s in the shop being repaired after you have damaged it. Loss-of-use is not typically covered by a personal auto policy, so make sure you ask the rental car company if they charge for loss-of-use.
Some rental companies will charge for diminished value and other administrative fees. This means that should you damage a rental car, the rental company may insist that the repaired vehicle is less valuable because it was wrecked. They’ll then charge you diminished value fees as well as other administrative fees, such as a fee to open claim, which your personal auto policy does not charge. To find out if this applies to you, make sure to carefully read over the rental agreement obligations.
What Type Of Home Insurance Should I Purchase For My Home in Philadelphia?
Maybe you have already made your biggest purchase, or you are about to do so. Having the right home insurance in place is essential to protecting your biggest asset.
If you are like most people in Philadelphia, you need some guidance on finding the best available coverage, claims service, and pricing for your home. McCollum Insurance, located in the Manayunk section of Philadelphia is an Independent Agency/Broker in Philadelphia, who partners with multiple insurance companies to provide you with the coverage you need – and we partner only with carefully selected carriers.…
Philadelphia Home Insurance
Did you know that most insurance companies cannot offer the HO 5 Policy Form, that McCollum Insurance offers to clients.
There are many forms of Home Insurance offered in the Philadelphia area, and it is best to speak to a local Independent Agency, to make sure that you have the best available coverage and pricing available to you.
Has your home been renovated?
Is your roof flat?
Are you packaging your auto and home insurance with the same company?
Do you have a burglar alarm or sprinklers?
Has your heating and electric been updated?
Answers to the questions above, can affect the coverage and pricing that is offered from one insurance company to another.
Whether you’re a home or condo owner, a renter or investment property owner, McCollum Insurance will simplify the insurance purchase process and provide insurance coverage and options that fit your individual needs.
The Best Coverage. The Best Available Price. Local, Professional People to Serve you.
Do you understand the coverage differences in a HO 3 Policy versus HO 5? Contact McCollum Insurance to learn more what type of Home Insurance you need and for access to the best Home Insurance Policies in Philadelphia.
Do you want access to :
Guaranteed Replacement Cost Settlement for Your Home
When you have guaranteed replacement cost, you can rest easy knowing that you could rebuild your home after a major loss without worrying about depreciation, policy limits or insurance construction costs once you’ve repaired or replaced the damaged property.
Underground Service Line Coverage
Did you know, that as a homeowner in Philadelphia, underground service and utility lines on your property are usually your responsibility. Did you know that most insurance companies do not offer coverage for damage to underground service lines? McCollum Insurance has access to insurance companies that provide this coverage.
The Right Liability Coverage
Lawsuits aren’t as uncommon as you might think, and they have the potential to wipe out many people’s net worth. That’s why most people will want to have at least $300,000 to $500,000 of liability coverage. We also recommend a Personal Umbrella Policy to our clients who have assets to protect, or for our clients who are serious about securing the best available liability coverage
The Right Coverage Limit and Best Policy Form
You need enough insurance in place to make sure you can rebuild your home, in the event of a total loss. So don’t risk it by choosing a lower limit in an effort to save a few dollars.
The Backing of Local, Friendly, Professional, and Knowledgeable Agents
Insurance can be complicated, and McCollum Insurance will simplify things and provide the best advice for your local needs. Our agents work and live in your community, and understand your needs.
Scheduled Personal Property Coverage – Jewelry, Art, and more
If you have a collection of jewelry, fine art, antiques or collectibles you will want to make sure that your Home Insurance provides coverage for these items.
Back up of Sewer and Drains
Did you know, that water and sewage back-ups, are a common occurrence in Philadelphia. Did you know that every Home Insurance Policy does not automatically provide this coverage?
Why It is Best to Secure Home Insurance in Philadelphia From McCollum Insurance
Would you like to work with a business that offers home insurance coverage from one company or would you rather work with a business that has access to home insurance coverage from multiple insurance companies?
When you contact McCollum Insurance, for help with your Home Insurance in Philadelphia, we will take the time to understand your needs and goals, and we can shop with multiple insurance companies to provide the best coverage options and solutions for you.
Every home in Philadelphia is unique. Contact us today, to find out how to get the best coverage, price and value. Whether you are buying a row home, condo, single home, or townhouse, McCollum Insurance is ready to help.
Thank you again for choosing the Fitzgerald Insurance Agency for your insurance needs.
I wanted you to hear this from me personally. In 2007, I founded the Fitzgerald Insurance Agency, with the desire to provide my clients with the best available personal and business insurance. My goal in 2007, was to carry on this business for decades, and to one day pass the torch to a trusted and respected family who would continue the Fitzgerald Agency.
The time has come for the Fitzgerald family to pass the torch. I did not want to sell out to a large bank or corporate agency. I wanted to keep the agency local, friendly, and within a family. With that being said, last year I reached out to my good friend of many years, Brian McCollum. Brian started his own insurance agency, McCollum Insurance Agency, in 2002. He and his team share my same beliefs; that offering outstanding insurance coverage, customer service, and building relationships that last, are some of the most important needs of our clients. To ensure that you are well taken care of for many years to come, we have merged our two agencies as of February 1, 2018.
You might be wondering, what does this mean to you? Not much, really. Everything will essentially remain the same: same insurance company, same policy numbers, same office, same phone number, and same great service. Our office is staying right where it is, and I am planning to help Brian and his team throughout this transition. I trust that he and his staff will continue to serve you just as the Fitzgerald family has.
We are here for you when you need us. Thank you for your business, your support, and your friendship.
We welcomed clients in the past two weeks from Havertown, Malvern, Newtown Square, Philadelphia, Broomall, Downingtown, Chalfont, Phoenixville, Springfield, and more.
Below are a few case studies, that detail how we helped our clients improve their coverage, while also saving them money.
Case Study 1 – Havertown, PA
More Coverage & Savings of Over $2900 Per Year
We welcomed our new client Madeline, from Havertown last week. When we compared the many companies that we work with to Liberty Mutual, we were able to improve Madeline’s Auto and Home Insurance Coverage, while also proving savings of over $2900 per year. We also included Sewer & Drain Back Up, Underground Service Line Coverage, and a Personal Umbrella Policy.
Case Study 2 – Philadelphia, PA
More Coverage & Savings of Over $2000 Per Year
We not only saved Mitchell $2000 on his auto insurance, but we also provided more than double the coverage (when compared to his Progressive Policy). Our policy included a lower deductible, so less out of pocket after an accident. We also included a diminishing deductible feature.
Case Study 3 – Havertown, PA
More Coverage & Savings of Over $1900 Per Year
We welcomed our new client Jason, from Havertown last week. We were able to improve Jason’s Auto Insurance Coverage, while also proving savings of over $1900 per year. We also included lower deductibles, broader rental reimbursement, diminishing deductibles and more.
What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle?
Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income?
If you have a child, are married, or you are carrying any kind of debt, purchasing life insurance is a no-brainer.
If all three, well, hopefully you already have life insurance. Here are a few other reasons to have life insurance though:
pay federal death and estate taxes
create an inheritance for your heirs
pay final expenses
We make buying life insurance easy
At McCollum Insurance Agency, we make the process of buying life insurance extremely simple.
We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
When purchasing life insurance there are a few things to consider. Do you want Term Life Insurance, or Whole Life?
If you don’t understand the difference that’s okay. That’s what we’re here for.
Life insurance is based on two main variables — your age, and your health.
To request a proposal, or a review of your life insurance needs, contact us at 215.508.9000 or submit a request below.
I need help with lowering my auto insurance in Philadelphia. If I had a dollar for every time I heard this question, I would be retired and sitting on a beach in the islands right now.
This is a common question, and you are in luck, we have answers.
Our first piece of advice, is to contact a Local, Independent Agency.
What is an Independent Insurance Agent?
When you decide to buy a car, you wouldn’t purchase the first one you see. The same situation holds true for insurance. You need insurance to drive a car, to purchase a house, to protect your family’s financial future and to run a small business. With an independent insurance agent, you have choices. Independent agents are not tied to any one insurance company. One of the advantages of using an independent agent is that he or she works to satisfy your needs.
Independent Agents are free to choose the best carrier for your insurance needs. Independent Agents do not work for an insurance company; they work for you. Independent Agents work on your side when you have a loss and follow through to see that you get fair, prompt payment and service. The best Independent Agents, represents a carefully selected group of financially strong, reputable insurance companies, and are able to offer you the best coverage at the most competitive price.
Our second piece of advice is to review your insurance, as your life changes.
Have you reviewed your insurance after getting married, or after moving in with your significant other?