Do I really need car insurance?

Legally speaking, yes. In Oregon, it is required to carry a minimum amount of liability insurance to provide relief to any victims if an accident were to occur. Your bank account, home, future earnings, and all other assets are protected because you have the right auto insurance package. Contact Atkinson Insurance Group to get a free customized quote.

What are Oregon State auto insurance laws?

In Oregon, it is illegal to drive without liability coverage (see ORS 806.010). The minimum required insurance includes: Bodily injury and property damage liability ($25,000 per person, $50,000 per crash for bodily injury, $20,000 per crash for property damage), Personal injury protection ($15,000 per person), and Uninsured motorist coverage ($25,000 per person, $50,000 per crash for bodily injury).

Does home insurance cover damages caused by an earthquake or flood?

No. A standard homeowners policy does not generally cover damage caused by earthquakes and floods. These sources of damage require additional coverage or a separate policy. If you live in an area that is prone to these types of events, contact Atkinson Insurance Group to ensure that you are properly covered.

Do I need earthquake insurance in Oregon?

Most homeowner, mobile home, condominium, and renter insurance policies do not cover earthquake damage. About 20 percent of Oregonians have earthquake coverage, which must be purchased separately. Since many homeowners' biggest investment is their home, earthquake insurance may help protect that investment. Experts have recorded more than 6,000 earthquakes in Oregon since 1841.

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses that may result from damage to property or from liability for damage or injury caused to a third party.