How Much Liability Insurance Should I Carry?

There is no precise, scientific answer nor is there a single, reliable “rule of thumb.”

Liability coverage isn’t purchased for the average claim, rather higher limits are purchased for the catastrophic type loss. The type of loss that could jeopardize one’s personal assets & earning potential.

Question:  Has your net worth increased over the past five years and have you increased your liability coverage to reflect this increase?

In response to increasing net worth, we recommend Personal Liability Umbrella coverage.

Umbrella coverage starts at one million dollars and “sits over” your automobile and home liability coverage. Coverage can be purchased in increments of a million up to $5M.

Personal Liability Umbrella coverage has underlying personal automobile liability requirements of $250,000 per person/ $500,000 per accident.

Call or click us today to find out how much liability coverage is right for you.

Tire Tips

Take 5 minutes every month to check your tires including:

Pressure:  Under inflation is a tire’s #1 enemy. Check your tire pressure. A tire can lose up to half of it’s air pressure and not appear to be flat!

Alignment:  Is your vehicle pulling to one side, or shaking? Have a tire dealer check the alignment periodically to ensure your car is property aligned.

Rotation:  You should rotate your tires approximately every 5,000 miles. Regularly rotating your vehicle’s tires will help you achieve more uniform wear.

Tread:  Measure & inspect it. Visually check your tires for uneven wear, looking for high and low areas or unusually smooth areas.

The penny test: place a penny into a tire tread groove. If part of Lincoln’s head is covered by the tread, you’re driving with the proper amount of tread. if you can see all of his head, you should buy a new tire.

MA Automobile Excise Tax

In an attempt to de-mystify the annual, pesky Massachusetts excise tax we offer the following excise tax information:

Excise bills are prepared by the Registry of Motor Vehicles according to information on the registration. They are sent to city/town assessors who commit them to local tax collectors for distribution.

The excise tax rate is $25 per $1,000 of valuation (NADA) subject to the following percentage formula:

In the model year: 90%; second year: 60%; third year: 40%; fourth year: 25%; fifth year & beyond: 10%.

If you have turned in your plates on the vehicle you are getting excise taxed on, or if you have transferred plates and got rid of the vehicle, you may be eligible for abatement . Abatement instructions are located on your excise tax bill.