Property damage – this covers damages to the other motorists cars (involved in the accident) and property.Collision – covers your own car and property.But, there are a slew of other coverages that are very important. Many people get the minimum coverage to save costs. Some form of liability is mandatory in almost all states. If not, your agent can advise you of the procedure, which may involve switching to another agent (which may require some additional paperwork) When switching carriers but keeping the same agent – this could be quite simple if the agent has a partnership with the new carrier.When switching agents but keeping the same carrier, a Broker-of-record (BOR) letter may need to be completed by your new agent (signed by you).This is important as you do not want to be uninsured for even a few hours. You want to make sure you have coverage in place with the new carrier before you cancel your policy with the old carrier. An insurance agent can help you with this process. If your previous carrier is reputable you will get a pro-rated refund fairly quickly. But, there is a procedure to follow for best results. Is it easy to switch auto insurance carriers or insurance agents?
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