Business Details
About
Auto Insurance AgencyInsurance Agency
Binger Insurance Agency LLC provides auto insurance, homeowner insurance, life insurance, commercial insurance, and motorcycle insurance to the Loysville, PA area.
Location
Binger Insurance Agency LLC
3167 Shermans Valley Road, Loysville, PA
17047, United States
Hours
Frequently Asked Questions About Binger Insurance Agency LLC
What is the Erie Rate Lock?
The Erie Rate Lock is an option that, if selected, guarantees your premium price will remain constant. Your rate will not increase or decrease unless you make changes to your policy, such as modifying your vehicle or adding or removing a driver.
What is the difference between limited and full tort?
The tort option is a crucial aspect of auto insurance. Full tort provides an unrestricted right to seek compensation from the party responsible for your injury. Limited tort offers a premium discount but significantly restricts legal protections for you and your family. While out-of-pocket expenses like auto repairs, medical bills, and lost income are always recoverable, the right to sue for pain and suffering is waived under limited tort unless a 'serious injury' occurs, such as permanent disfigurement or disability.
What does underinsured motorist and uninsured motorist coverages mean?
Underinsured motorist coverage protects you in the event of bodily injury when the at-fault driver lacks sufficient insurance to cover the damages they cause. Uninsured motorist coverage safeguards you against bodily injury caused by drivers who have no liability insurance. In Pennsylvania, uninsured/underinsured motorist coverage specifically protects the insured for bodily injury only.
What is the difference between stacked and unstacked and uninsured and underinsured motorist coverages?
Unstacked coverage provides uninsured and underinsured motorist protection for specified limits on a per person/per accident basis. Stacked coverage substantially increases your uninsured and underinsured motorist protection by multiplying the coverage for each insured vehicle under the policy. For instance, if you choose stacked coverage with two insured vehicles, your $100,000/$300,000 coverage would increase to $200,000/$600,000 (doubled).
What is the NAIC number and where do I find it on my insurance card?
The National Association of Insurance Commissioners (NAIC) number is a unique identifier assigned to every insurance company licensed to operate in Pennsylvania. This number is typically found on most insurance cards, though not all. If you're unable to locate the code on your card, please contact our agency for further assistance.
What is the difference between comprehensive and collision coverage?
Comprehensive coverage compensates for damage to an insured vehicle not caused by collision or upset, including but not limited to fire, theft, glass breakage, vandalism, and contact with persons, animals, birds, or falling objects. Collision coverage pays for repairs following a collision with another vehicle or object, as well as damage from uninsured or hit-and-run drivers. Both coverages involve a deductible, with lower deductibles resulting in higher premiums and vice versa.
What is the difference between term and permanent life insurance?
Permanent life insurance offers lifelong guaranteed protection while term life insurance provides coverage for a specified period (e.g., 10, 20, or 30 years). Unlike term insurance, permanent life insurance accumulates cash value that can be utilized for emergencies or income through policy loans.
Do I need to contact my agent if I install a wood stove?
Yes, it is necessary to inform your agent if you install a wood stove. The agent is required to conduct a wood stove inspection to ensure that the installation meets all necessary safety guidelines.