Question 1

What is the Erie Rate Lock?

Accepted Answer

The Erie Rate Lock is an option that, if selected, guarantees your premium price will remain constant. Your rate will not increase or decrease unless you make changes to your policy, such as modifying your vehicle or adding or removing a driver.

Question 2

What is the difference between limited and full tort?

Accepted Answer

The tort option is a crucial aspect of auto insurance. Full tort provides an unrestricted right to seek compensation from the party responsible for your injury. Limited tort offers a premium discount but significantly restricts legal protections for you and your family. While out-of-pocket expenses like auto repairs, medical bills, and lost income are always recoverable, the right to sue for pain and suffering is waived under limited tort unless a 'serious injury' occurs, such as permanent disfigurement or disability.

Question 3

What does underinsured motorist and uninsured motorist coverages mean?

Accepted Answer

Underinsured motorist coverage protects you in the event of bodily injury when the at-fault driver lacks sufficient insurance to cover the damages they cause. Uninsured motorist coverage safeguards you against bodily injury caused by drivers who have no liability insurance. In Pennsylvania, uninsured/underinsured motorist coverage specifically protects the insured for bodily injury only.

Question 4

What is the difference between stacked and unstacked and uninsured and underinsured motorist coverages?

Accepted Answer

Unstacked coverage provides uninsured and underinsured motorist protection for specified limits on a per person/per accident basis. Stacked coverage substantially increases your uninsured and underinsured motorist protection by multiplying the coverage for each insured vehicle under the policy. For instance, if you choose stacked coverage with two insured vehicles, your $100,000/$300,000 coverage would increase to $200,000/$600,000 (doubled).

Question 5

What is the NAIC number and where do I find it on my insurance card?

Accepted Answer

The National Association of Insurance Commissioners (NAIC) number is a unique identifier assigned to every insurance company licensed to operate in Pennsylvania. This number is typically found on most insurance cards, though not all. If you're unable to locate the code on your card, please contact our agency for further assistance.

Question 6

What is the difference between comprehensive and collision coverage?

Accepted Answer

Comprehensive coverage compensates for damage to an insured vehicle not caused by collision or upset, including but not limited to fire, theft, glass breakage, vandalism, and contact with persons, animals, birds, or falling objects. Collision coverage pays for repairs following a collision with another vehicle or object, as well as damage from uninsured or hit-and-run drivers. Both coverages involve a deductible, with lower deductibles resulting in higher premiums and vice versa.

Question 7

What is the difference between term and permanent life insurance?

Accepted Answer

Permanent life insurance offers lifelong guaranteed protection while term life insurance provides coverage for a specified period (e.g., 10, 20, or 30 years). Unlike term insurance, permanent life insurance accumulates cash value that can be utilized for emergencies or income through policy loans.

Question 8

Do I need to contact my agent if I install a wood stove?

Accepted Answer

Yes, it is necessary to inform your agent if you install a wood stove. The agent is required to conduct a wood stove inspection to ensure that the installation meets all necessary safety guidelines.

Question 9

What types of insurance does Binger Insurance Agency LLC offer?

Accepted Answer

Binger Insurance Agency LLC offers auto, homeowner, life, commercial, motorcycle, farm and land insurance, as well as annuities.

Question 10

What are Binger Insurance Agency LLC's hours of operation?

Accepted Answer

The agency is open Monday through Friday from 8:30 AM to 5:00 PM and closed on weekends and major holidays such as Christmas and New Year's Day.

Question 11

Where is Binger Insurance Agency LLC located?

Accepted Answer

It is located at 3167 Shermans Valley Road, Loysville, PA 17047, USA.

Question 12

Which insurance brands does Binger Insurance Agency LLC represent?

Accepted Answer

The agency represents Erie, Progressive, and Millville Mutual Insurance brands.

Question 13

How can I contact Binger Insurance Agency LLC?

Accepted Answer

You can call their main phone at +1 717-378-3265 or email them at bingerinsurance@gmail.com.

Question 14

What is the Erie Rate Lock offered by Binger Insurance Agency LLC?

Accepted Answer

The Erie Rate Lock guarantees your premium price remains constant unless you make changes to your policy, such as modifying vehicles or adding/removing drivers.

Question 15

What should I do if I install a wood stove at my home?

Accepted Answer

You need to inform your agent about the wood stove installation so they can perform a safety inspection.

Question 16

What are the nearby businesses to Binger Insurance Agency LLC?

Accepted Answer

Nearby businesses include Collins Construction Inc., Haas Creative Carpentry, Hillcrest Construction, and The Bank of Landisburg, which can be useful for home improvement or financial services needs.

Question 17

How can nearby construction services benefit customers visiting Binger Insurance Agency LLC?

Accepted Answer

Customers can conveniently access nearby construction services like Collins Construction Inc., Haas Creative Carpentry, and Hillcrest Construction for home repairs or improvements alongside insurance services.

Question 18

Are there banking services near Binger Insurance Agency LLC for customers to access?

Accepted Answer

Yes, The Bank of Landisburg is nearby, allowing customers to manage their finances conveniently when visiting the agency.

Binger Insurance Agency LLC

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