Loyola Insurance Services
Are you thinking of getting a car for yourself or for a family member? The thing is, owning an automobile is an excellent investment for most American families. It eases mobility issues and cuts down on transportation cost.
However, owning one comes with a mandatory responsibility – the vehicle must have adequate insurance coverage.
In the United States every car owner – includes rented, borrowed or rideshare cars – is mandated to ensure their vehicle. Every vehicle has to be covered by an auto insurance policy; though details and regulations vary from state to state.
To this end, several businesses including the Loyola Insurance have sprung up to provide different insurance products. Every insurance policy has to meet each individual’s need.
The Loyola Insurance Agency
Loya Insurance is a Texas-based auto insurance service provider with its headquarters in El Paso and today has over 600 agency scattered across more than 10 states in the Southern and Western United States.
It was founded in the early 70’s by Loya as a single store-front office and today has grown to over 5,000 employees on its payroll.
Over the years the company has built up a reputation as a low-cost, responsive auto insurer who puts integrity over profit.
It is a common sight to see Loyola Insurance offices and outlets in high traffic areas such as Malls, grocery shops, street corners, and office buildings both in small and big cities; hence making them accessible.
Why do You Need an Auto Insurance Coverage for Your Car?
Accidents happen regardless of how careful and defensive you drive. So having car insurance is a financial safeguard against those unforeseen damages you may incur on your car or injury to others.
It is also reassuring to know that in case of theft, vandalism, or the car is damaged by natural disasters such as hail, tornadoes, etc. you are able to claim some financial support from your vendor.
Finally, it happens that all motorists in the United States should have insurance that covers their vehicle.
What Happens If You Are Not Insured?
You’d be breaking the law. The regulations for motorists in the United States stipulated that every driver carry some form of car insurance.
And the penalty for not having auto insurance could range from getting fined to being disqualified from driving.
In fact, the maximum fine across most states is unlimited; a defaulter can also expect to have a couple of penalty points, say 6 to 8 stamped on their license.
For a severe case, the police have the authority to seize and destroy any vehicle on the road without insurance.
What Kind of Auto Insurance Policy Should You Get For Your Car?
- For the newest motorist determining the extent and type of car insurance, they need for their new ride often leaves them confused due to the plethora of products on the market.
- The truth, however, is that there are certain factors Insurers such as Loyola Insurance take into consideration when recommending what policy their customers should purchase.
- Some of these factors include the type of vehicle, its value, and who owns it. However, depending on your state of residence, there are also additional requirements that determine which car insurance policy to get.
- So, you should always check in with your local insurance agent about your record. You should also carry out research to get first-hand information about what product is best for your needs before purchasing any policy.
Kinds of Car Insurance Policy From Loyola Insurance to Consider
Liability Auto Insurance is the minimum legal coverage every motorist must carry with them.
If you get injured because of an accident and found to be at fault, the damages incurred and medical bills of those involved in the crash are covered by this policy.
This is the case in most American states except Texas and a few others that have a no-fault regulation.
There are two types of liability coverage and for sure you require to carry both.
The property damage liability policy covers the cost of repairs to the other person’s vehicle like dented doors, folded fenders, etc.
The other is the Bodily injury liability policy which covers the medical expenses incurred by the other person as a result of the accident.
Note that this policy does not cover your medical and auto repair expenses, you need a different coverage for that.
Loyola Insurance offers this kind of insurance and often recommends you start building up your auto insurance coverage from this.
Comprehensive Insurance: covers the cost incurred as a result of theft, fire, vandalism, collision with animals, riots, and natural disasters.
The comprehensive cover does not protect you against the medical bills and cost of repairs of other people’s vehicles neither does it protect you from your personal expenses as well.
Collision Insurance: as the name implies it covers only the damage to your vehicle as a result of a collision.
The policy kicks in when you hit another car or a lamppost, it also covers not just your vehicle but any vehicle you are driving at the time of the collision.
Having collision insurance makes it unnecessary to obtain an uninsured motorist cover except in some states where it is required you have Uninsured motorist insurance.
Uninsured Motorist Insurance: it is possible to get into an accident with an uninsured or under-insured driver where the at-fault driver doesn’t have insurance coverage or their insurance doesn’t cover the cost of your medical and repair expenses; in such situations, this policy kicks in to protect you.
Personal Injury Protection Insurance: Also known as no-fault coverage, it covers your medical cost and those of others in the car with you at the time of the accident.
It also covers a bit more like your medical bill or a family member’s when traveling in someone else’s car with no deductibles.
Medical Payment Insurance: Loyola Insurance also offers coverage that protects you from extremely high medical bills that your regular health insurance is unable to cover.
An advantage of this policy is that it covers everyone listed on it even if they were involved in an accident in someone else’s vehicle; also, it is non-deductible.
What You Need to Know Before Filing an Auto Accident Claims
Filing an insurance claim after an accident is the next logical step to get the financial protection you need to offset the expenses incurred.
Unfortunately, most people come to realize that the process isn’t as straightforward and easy as they were made to believe when signing up for the policy.
So to Help Ease the Process For You, Here Are Tips to Know Before Filling Those Claims Forms:
- Policy providers like Loyola Insurance insist that policyholders inform them immediately after an auto accident to kick-start the process for their Loya Insurance claims.
- Call the police to file a car crash report. If you reside in a state that requires liability insurance or in a no-fault state, you have to call the police immediately as you’d need the police report when filing your claims.
- Get as much information and details about the accident and the persons involved in the crash as much as you can. Names, phone numbers, addresses, insurance Ids, Car identification numbers and plate numbers are essential details you need when filing a Loya Insurance claims.
- Get the names and contact details of witnesses who would be willing to testify.
How To Submit Your Insurance Claim to Loyola Insurance
Once you have the details of the accident, you should call your Loyola Insurance agent or visit any Loya Insurance near me to make your claims.
A Claims Specialist would be assigned to your case who would review your policy to make sure you are covered before requesting for details about the accident including time, location, date, photos on the accident scene, police report, and the contact details of those involved in the crash.
Keep in mind; you likely have to present an independent medical report by a doctor of your Insurance company preference.
After the investigation and Loyola Insurance is satisfied, a calculation of the value of your claim is made, and a settlement check is then issued to you.
There are some cases, however, where your claims are denied, or you feel that the settlement amount is inadequate for the damages sustained.
You can appeal this, keep in mind though; the company might ask you to present additional proof or provide further evidence about the accident.