September, 2022 | Blog
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The Sanford Group

10150 Ball Ground Hwy,
Ste 101,
Ball Ground, GA 30107

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  P.O. Box 374
Ball Ground, GA 30107

The Sanford Group Insurance Blog

Three common misconceptions about classic car insurance

Those who own a classic car need to know how to insure their unique vehicle properly. The Sanford Group offers classic car insurance to vehicle owners in Ball Ground, GA. 

The following are three common misconceptions that vehicle owners should be aware of when it comes to classic car insurance. 

It’s confusing and complicated to get classic car insurance.

Classic car insurance is easy to understand and purchase. While you’ll want to do some research before choosing a policy, finding the appropriate coverage for your classic vehicle is a simple matter. 

You never have to update your classic car insurance policy.

Some consumers assume you never need to update a classic car insurance policy. However, classic car owners might want to change their coverage as the value of their vehicle or their insurance needs change.

Consumers should realize that they might want to update their policy as time passes to best meet their insurance needs. 

There aren’t any significant differences between standard auto insurance and classic auto insurance. 

While there may be some similarities between classic car insurance and other types of coverage, classic car insurance is distinct from standard auto insurance. Classic car insurance is designed for a higher-value vehicle that is not used as often as a standard vehicle used for everyday transportation. 

If you want to fully meet your classic car insurance needs in Ball Ground, GA, it’s vital that you avoid believing any of these common misconceptions. If you want to learn more about classic car insurance, feel free to contact us with your questions at The Sanford Group

Three things you need to know about bonds insurance

Those who issue or hold bonds should understand some basic details about what bond insurance does and how it works. Get in touch with us at The Sanford Group if you are interested in bond insurance in Ball Ground, GA. 

The following are three things you need to know about bond insurance. 

Bonds insurance protects those who hold bonds against default.

Bonds insurance is a type of insurance that guarantees the repayment of the principal of a bond. In some cases, bond insurance will also cover the value of the interest on a bond. This type of insurance, therefore, protects an individual who holds a bond from the possibility of default. 

Bonds insurance covers numerous types of bonds.

Bonds insurance can be offered on a commercial or performance bond so that customers holding contracts with companies can be guaranteed of the work the company is proposing.

Bonds insurance can also be offered on contract bonds used in the construction industry to guarantee project details, like completion time. 

Fidelity bonds are another type of bond that bond insurance is offered on. Fidelity bonds help to protect companies against numerous types of loss, such as loss due to theft. 

Bonds insurance can improve the credit rating of entities that issue bonds.

Bonds insurance can be effective at helping companies that issue bonds to attract investors. That’s because the credit rating of the bond issue can go up if the bond issuer invests in bond insurance. 

At The Sanford Group, we can assist you with finding the right bonds insurance solution in Ball Ground, GA. Get in touch with us to learn more about our bond insurance options. 

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