Category: Auto Insurance

Are You Required To Get Auto Insurance for Your Brand-New Vehicle?

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Buying a new car can be a lot of fun, but it’s important to protect yourself and your investment. Getting car insurance can help with this. Having a good full coverage car insurance policy can help you recover from collisions and other events when they occur.

This is why many people turn to Wai Cheng Insurance Inc., servicing the Bay Area, CA. We work with many insurance carriers to help our customers get the policy that’s best for them. If you’re buying a car and wondering about the insurance requirements, here’s what you need to know. 

Who Is Required To Get Auto Insurance?

Before you drive your new vehicle off the lot, your auto dealer will likely require you to have proof of insurance. Insurance is a requirement for driving on the road. 

What Kind of Auto Insurance Is Required?

What type of auto insurance you’re required to get depends on whether you’re getting a car loan. If you’re paying for your car without a loan, any type of car insurance that satisfies the legal requirement is acceptable.

If you’re getting a car loan, your lender may require you to get full coverage insurance. Many people choose to get full coverage for their new vehicle even if they don’t have a car loan. This helps ensure that if a covered event happens to your new vehicle, the insurance company will help repair or replace your car. 

Buying a Vehicle and Need Auto Insurance? What Should You Do First?

If you’re planning to buy a new vehicle, contact the professionals at Wai Cheng Insurance Inc., servicing the Bay Area, CA. Once you have a car in mind, we can help you get started with a policy. Call today to speak with one of our insurance professionals. 

Does Auto Insurance Cover Roadside Assistance?

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Auto insurance is legally required in Bay Area, CA. Minimum liability coverage, which is the state’s legal requirement, helps pay for property damage and bodily injury to the other party if you’re at fault in an accident. While this is the minimum required, it’s not always the best option for comprehensive protection.

Problems With Liability Insurance

The state minimum policy only covers damage to the other person’s vehicle and their medical bills. It does not provide additional coverage, such as uninsured motorist protection. If someone else is at fault and lacks proper coverage, you’ll be responsible for your own vehicle’s repairs. Additionally, liability insurance does not include add-ons like roadside assistance, leaving you vulnerable in certain situations.

Types of Coverage

Insurance companies like Wai Cheng Insurance Inc offer various levels of coverage to meet your needs. Collision coverage protects your vehicle in the event of an accident, even if you’re at fault. Comprehensive coverage protects against non-accident-related damages, such as those caused by fires or natural disasters.

Many companies also allow you to purchase additional protection, such as higher property damage limits, ensuring you’re not left without a vehicle after an accident.

Insurance Add-Ons

For a small fee, many companies offer add-ons to enhance your policy. These include roadside assistance, which can be invaluable in emergencies, and increased uninsured motorist protection to cover damages caused by drivers with insufficient coverage. Another popular add-on covers rental car expenses while your vehicle is being repaired.

It’s important to speak with a professional agent at Wai Cheng Insurance Inc to determine which add-ons and coverage options are best for your needs. Contact us today to learn more. We proudly serve the Bay Area, CA.

High Deductibles and Other Negatives of Having the Wrong Car Insurance

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A lower monthly premium on your Bay Area, CA auto insurance policy seems great until you get into an accident and get hit with a life-altering deductible on your claim. Wai Cheng Insurance Inc. strives to get each of our clients the perfect level of auto insurance for their needs and their budget. That’s why we are here to help you avoid the pitfalls of having the wrong auto insurance policy.

1. Being Underinsured

Sometimes, people will misrepresent themselves when shopping for car insurance. This is great when it comes to lowering your monthly costs, but it can be disastrous down the road. You could end up being cited for fraud when you file a claim if you lied while acquiring your insurance policy. This could leave you underinsured or not covered at all when you go to file a claim.

2. No Gap Insurance

If you have a new car or a leased car, consider gap insurance. The last thing you want is the huge negative of being upside down in your car loan when your car is totaled. If you don’t have gap insurance, you could be on the hook for the difference in price as well as having to find a new vehicle.

3. Not Adding a Teen Driver

If you have a teen driver, be sure to add them to your auto insurance policy immediately. Teen drivers are high risk and could cost you thousands of dollars if they damage property or cause injury while driving your vehicle. Notify your insurance provider immediately if you have a teen driver in the household.

At Wai Cheng Insurance Inc., we provide high-quality insurance coverage and customer service to people in the Bay Area, CA. Contact us today if you are interested in learning more about how we can help you.

Is Car Insurance Required By California Law?

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If you’re a car driver, you’re likely aware of the importance of car insurance. But, is car insurance legally required? If you’re pondering this question, the professionals at Wai Cheng Insurance Inc., serving the Bay Area, CA, can assist. We provide car insurance to customers who want to insure their vehicles and comply with the law. Here’s what you need to know about car insurance.

Is Car Insurance Required By Law?

Car insurance is legally required in most states. In California, car insurance is mandatory. Insurance helps protect other drivers on the road in case of an accident and provides financial assistance to repair your vehicle.

What Type of Car Insurance Is Required?

Liability-only car insurance pays to repair or replace the other driver’s vehicle if you are at fault for an accident. While there are other types of acceptable insurance, many drivers choose liability-only because it meets the minimum insurance requirements and is often very affordable.

Liability-only car insurance does not cover damage to your vehicle if you are in an accident, regardless of who caused the accident. If you want insurance that will pay to repair or replace your vehicle, you must talk to your insurance agent about the various types of car insurance available. Your insurance agent will help you choose car insurance that meets your needs.

How Can I Get Car Insurance?

Contact your Wai Cheng Insurance Inc. agent, serving the Bay Area, CA, if you need car insurance. We offer various types of insurance and can help you find the right one.

Whether you want liability-only car insurance or full coverage car insurance, we work with a variety of carriers to help you find a policy that provides the coverage you want. Call today to make an appointment.

Explaining the Major Sections of an Auto Insurance Policy

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Understanding Auto Insurance Policy Sections in Bay Area, CA

If you’re purchasing auto insurance for the first time in the Bay Area, CA, you might find the policy sections a bit confusing. These sections, typically five to six in number, detail the coverage you’ll receive for your premiums. Wai Cheng Insurance Inc. provides comprehensive auto insurance policies to cover your vehicle, and we’re here to help you understand them.

Key Sections of Auto Insurance Policies

Most auto insurance policies typically include the following sections:

  • Liability
  • Uninsured/underinsured motorist
  • Comprehensive
  • Collision
  • Medical payments
  • Personal injury protection (PIP)

California state law only mandates liability coverage. This section is bifurcated into bodily injury liability and property damage liability. The former covers medical treatment if you’re deemed at fault in an accident, while the latter pays for damages to a vehicle or other property.

Most experts recommend opting for additional coverage from the other sections. Uninsured/underinsured motorists coverage takes care of medical bills and repairs if an at-fault driver hits you without insurance or with insufficient coverage. Comprehensive covers damages from risks like fire and theft, while collision coverage helps repair or replace your vehicle. Medical payments and Personal Injury Protection both aim to cover treatments, with PIP additionally covering associated costs.

Additional Coverage Options

Some policies include additional coverage or provide add-on options. These may include:

  • Roadside assistance
  • Rental car reimbursement
  • New car replacement coverage
  • Gap coverage
  • Rideshare contractor coverage

Optional coverage has gained popularity in recent years due to the increasing costs associated with repairing and replacing vehicles. If you need assistance in deciding what coverage suits you best, Wai Cheng Insurance Inc. in Bay Area, CA, is here to help. Contact us today to get started.

Your Guide to Auto Insurance in the Bay Area: Tips from Wai Cheng Insurance

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Wai Cheng Insurance Inc. has experienced representatives to assist residents in the Bay Area, CA, with all of their auto insurance needs. Obtaining these policies can be fraught with pitfalls, which is why professional assistance is crucial. This guide will steer Bay Area motorists in the right direction by providing information about the most pivotal pointers.

Anti Theft Systems Are Crucial

An anti-theft system will play a key role in allowing a Bay Area motorist to reduce their level of responsibility, and it is recommended that residents purchase a vehicle with this type of equipment already installed. Take a moment to speak with experienced insurance brokers so that you can find out more about all of the specific benefits you can enjoy with the installation of an anti-theft device.

Identify Unnecessary Coverage Aspects

Take the time to read through your policy and identify all of the unnecessary aspects. Too many Bay Area motorists are currently carrying policies that are weighed down with unnecessary aspects. Removing these policies makes it easier to streamline the policy and avoid excess coverage.

Careful Car Selection

The selected car also plays a significant part in your chosen policy. A larger car is always going to be costlier to insure than a smaller one. The same goes for luxury cars, as opposed to value-priced vehicles. Eco-friendly hybrids and electric vehicles also receive precedence from auto insurance companies, which is important to consider.

Bay Area, CA motorists looking for additional information are welcome to contact Wai Cheng Insurance Inc. to learn everything they need. Our team of expert professionals is here to answer any questions that will arise while selecting the necessary auto insurance. Give us the chance to simplify things on your behalf!

Navigating Unexpected Twists on the Road with Auto Insurance

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Are you prepared to navigate the bustling streets in the Bay Area, CA? Wai Cheng Insurance Inc. certainly is. Let’s delve into how our auto insurance serves as the perfect companion for your journey through the vibrant, diverse, and occasionally unpredictable Bay Area in California.

Why Choose WCI in the Bay?

  • Locally Tailored Coverage: Distinct from ordinary insurance providers, we resonate with the unique essence of the Bay Area – from the iconic landmarks to the tech culture and even the notorious traffic. Our auto insurance is crafted like a personalized playlist, specifically tuned to the rhythm of the Bay. Whether it’s Lombard Street, the Golden Gate Bridge, or Silicon Valley, your ride is in capable hands.
  • Protection Against the Unexpected: Bay Area roads are full of surprises, be it potholes, street events, or an unexpected parade of Segways. WCI’s auto insurance goes beyond addressing minor damages; it acts as your shield against the unforeseen. Your journey is akin to a mixtape of surprises, and we’re here to ensure you smoothly groove through it.
  • Fluency in Bay Area Dynamics: We understand the Bay Area’s unique language. Our coverage isn’t a one-size-fits-all script; it’s a tailored narrative catering to the California dreamin’ lifestyle. Wai Cheng Insurance Inc.’s commitment to the Bay Area community ensures that our policies reflect the diversity found in the neighborhoods around here.

Ready to Hit the Road?

WCI Agency is your reliable co-pilot for the Bay Area’s diverse adventures. Whether you have inquiries or seek coverage that aligns with the California lifestyle, reach out to us. Your journey is as distinctive as a San Francisco sunset, and WCI Agency is here to support you. Oh, and feel free to keep that playlist on shuffle – because life’s more enjoyable that way!

Eco-Friendly Driving in the Bay Area: How Auto Insurance Can Reward You

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As more and more motorists are making the switch to eco-friendly vehicles, Bay Area drivers find themselves wondering how these policies can reflect their current needs. This is where the guidance of Wai Cheng Insurance Inc.’s experienced insurance agents can benefit Bay Area, CA drivers. To learn more about how auto insurance policies can reward the eco-friendly motorist, please be sure to read on.

Helping The Environment

First and foremost, those who engage in eco-friendly driving practices and obtain an insurance policy that aligns with these needs are doing their part to help the environment. These policies provide drivers with the incentive to purchase greener vehicles as well. By taking these crucial steps to diminish their carbon footprint, Bay Area drivers are able to enjoy the peace of mind that comes with knowing that they have done all that they can.

Potential Tax Credits

An eco-friendly driver who takes the time to obtain the proper insurance policy is also opening themselves up to a wide range of potential tax credits. Our team will explain all of these advantages to a motorist before they sign on the dotted line, letting them know more about various California initiatives, such as the Clean Vehicle Rebate Program.

Similar Policies To a Conventional Vehicle

Some may be reticent to shop for an eco-friendly auto insurance policy, believing that the process will be much different from insuring a conventional vehicle. In reality, nothing could be further from the truth. While there are various advantages available, that does not mean that the policies are going to be vastly different from the ones you are accustomed to.

Consult With Us

At Wai Cheng Insurance Inc., our primary objective is a simple one: helping Bay Area, CA motorists find the policy that is best suited to their needs. If you have any additional questions about how auto insurance can benefit the eco-friendly driver, feel free to give us a call or stop by as soon as possible.

Will my auto insurance cover the damage from the tree that fell on my car?

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Fortunately, auto insurance covers many situations and circumstances ranging from personal injuries and damage to other people’s property, as well as damage to your own property. Although most states require drivers to carry auto liability insurance, there are other forms of auto insurance that cover a wide range of other circumstances and situations.

Our Bay Area, CA team at Wai Cheng Insurance Inc. is committed to helping California drivers get the insurance coverage they need.

Will my auto insurance cover the damage from the tree that fell on my car?

As a California driver, you are required by law to carry the state minimum auto liability insurance coverage. However, this coverage only covers damage or personal injuries you may cause to others. It doesn’t cover any damage to your vehicle, your injuries, or any non-moving incidents that may cause damage to your vehicle.

However, there are other forms of auto insurance that cover all of these situations. Any damage your vehicle may receive as a result of poor weather conditions, falling branches or limbs, or any number of non-moving situations or accidents is covered by comprehensive auto insurance. This is the only kind of auto insurance that will cover any incident that involves damage as a result of a natural disaster, vandalism, or theft.

Other Forms of Coverage

Comprehensive insurance coverage provides protection from accidents and damage caused by non-moving accidents and circumstances, meaning incidents that happen while your vehicle isn’t being driven. Collision coverage covers the repair or replacement of your vehicle if it is damaged in a car accident. 

Looking for Insurance in Bay Area, CA?

If you have more questions regarding auto insurance and what’s covered, call us at Wai Cheng Insurance Inc. We’d be happy to help you explore your options and answer all of your questions. 

6 Times You Should Review Your Auto Insurance Coverage

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When you buy auto insurance at Wai Cheng Insurance Inc. serving Bay Area, CA, you should know that you also need to review your auto insurance coverage when certain life events occur.

These include:

1. When You Move to a New Location

Your residence determines in part how much your insurance premium is. It also needs to be documented in your policy. Whenever you move, notify your insurance representative so they can make any necessary adjustments, even if you only move across town.

2. When Your Commute Changes

If you get a new job and your commute changes, let your insurance rep know. The change in the distance you travel for work may mean that your premium also changes.

3. When You Divorce or Marry

Your relationship status factors into how much you pay in premiums. A quick call or email to your insurance representative is all it takes, but be sure to let them know.

4. When Your Child Turns 18

If you have a child who’s on your auto insurance policy and has turned 18, be sure to let your auto insurance rep know so they can make any adjustments necessary to your policy.

5. When You Buy a Home

If you buy a home, you’ll likely need home- and auto insurance. Bundling these two products—and possibly with life insurance as well—can save you money on your insurance. Contact your representative to discuss your options in this situation.

6. When Your Credit Score Improves Significantly

Your credit score is a factor that is considered when your premium is calculated. If you have a significant increase in your credit score, you may want to talk to your insurance rep for a possible adjustment.

Get The Right Coverage For Your Needs

Contact Wai Cheng Insurance Inc. serving Bay Area, CA whenever any of these events occur in your life. We will make sure you have the right auto insurance policy for your needs. 

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