There are times when you may want to suspend auto insurance coverage in Ball Ground, GA so that you can save money or avoid unnecessary costs. Although it may be possible to suspend coverage in certain situations, it is usually best to maintain some coverage in case the unexpected happens.
Coverage for Driving
Any time the vehicle is being used by you or your employees, it is important to maintain the state minimum coverage or more coverage on the vehicle. The state does require that you carry coverage for the vehicle in case an accident occurs.
Coverage for Storage
When your vehicle is not being used because of weather conditions or a reduced number of employees who need a vehicle, it may be necessary to put the vehicle in storage.
Even though it may not be necessary to maintain the same amount of coverage that you purchased for cars that are being used, it may still be useful to maintain some coverage. When you suspend auto insurance coverage, it means that you will not be covered in any situation and you will have complete responsibility to handle any problems that arise.
Maintaining some coverage while the company vehicles are in storage can protect against theft or unexpected damage from weather conditions, falling tree branches or similar situations. The coverage does not necessarily need to focus on the state requirements for driving if the vehicle is placed in storage and your employees do not have access to the car.
Protecting company assets can seem complicated, especially if you are not sure about the different options that are available. Contact us to learn more about protecting your company vehicles and your options while the vehicles are in storage.