Cut expenses until our lives return to normal

Like a lot of us, you may be looking
for ways to cut expenses until our lives and incomes return to normal once the
pandemic passes. That car parked in your garage – and the insurance premiums
you pay for it – may seem like something to consider.

• making
  sure you’re getting all the discounts for which you qualify
• adjusting
  your premium to reflect the decrease in miles you’re driving
• changing
  its status to “in storage” (which, if you’re not driving at all, will
  likely reduce your premium)
• temporarily
  modifying your payment schedule.

• Your
  auto loan likely requires it.
  Comprehensive and collision coverage usually are conditions of most bank
  and credit union car loans. They protect your car not only if you get in
  an accident while you’re driving, but also if it’s hit by someone or
  something while it’s parked. That includes theft or damage from a
  break-in, vandalism, fire or a tree crashing down on it.
• State
  law continues to require drivers to carry insurance. Even before insurance regulators in Washington and Oregon called on insurers not to cancel policies for
  nonpayment of premium during the COVID-19 crisis, PEMCO already had
  committed to supporting customers in their financial time of need. Keeping
  you and your family protected remains our No. 1 priority.
• Parked
  cars often don’t stay parked.
  As we all do our best to maintain social distancing, we still need to
  travel for essential tasks like grocery shopping and medical appointments.
  That means most of us drive at least a few miles a week. Doing so without
  insurance not only puts your car at risk, but if you’re found legally
  responsible for an accident, your assets and future earnings could be on
  the line without liability coverage from your policy.
• Your
  policy may protect you as a passenger and a pedestrian. Even if you’re walking or letting someone else do the
  driving, know that your PEMCO policy still may protect you, depending on
  the coverages you selected. That includes medical expenses and loss of
  income stemming from an accident – protections that are more important
  than ever right now.
• Insurance
  is key to your financial safety net.
  Like insurance for your health, life and home, car insurance blunts the
  impact of unforeseen what-ifs that could derail your financial security
  for years to come. As a reward for keeping this safety net intact, you
  receive multi-policy discounts when you insure both your home and car with
  us. Car insurance also is required to keep your umbrella policy in effect.