Most people have an idea of what’s covered and not covered under their various insurance policies. But at the Townsend Insurance Group, we get a lot of questions about borrowing or loaning a car.

You’ve probably been at the rental-car counter, listening to the representative ask if you want to purchase the company’s insurance. And the thoughts start racing through your head. “Is this a rip-off? Doesn’t my regular auto policy cover me? What about my credit card? Why didn’t I figure this out before I left on my trip?”

How many times has the following happened to you? You’re speeding down I-95 when you spot a state police car. You quickly hit the brakes and slow down, relieved that you didn’t get caught … this time.

Companies often require subcontractors to complete work that fall outside their in-house capabilities.  The following is valuable information you need to know:

Here’s an example: Company A uses ABC Subcontractor to install new wood flooring that had been damaged due to a flood.