Early in the pandemic, car manufacturers and other technological industries severely cut back on their computer chip orders, fearing a global recession. In response to these actions, semiconductor manufacturers reduced chip production, which has led to an increase in demand. We’ve all witnessed the effects this has had on the automotive industry, such as skyrocketing vehicle prices and vehicle shortages. This shortage, combined with the woes incurred by the global supply chain, is having an impact on insurance. Let’s review how the chip shortage and supply chain are affecting auto policies. [Read more…]
How the Chip Shortage and Supply Chain are Affecting Auto Policies
April 14, 2022 by
Rental Reimbursement Coverage: Covering Your Rental Car
May 28, 2021 by
Automobiles have become an essential part of many of our lives. We use them to commute to work, drop the kids off at soccer practice, and run errands. So when your vehicle is held up in the repair shop after an accident, it can quickly derail your schedule. In these cases, a rental car may be your only option. However, renting a car for several days – especially given the price hike from the pandemic – can quickly add up. This is where rental reimbursement coverage comes in handy. Let’s review this helpful addition to your policy and when it will help you out when in need. [Read more…]
