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Ledford Insurance Agency

1910 N Big Spring St
Midland, TX 79705

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Can adult children remain on the family auto policy?

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Becoming a driver is a rite of passage most teens look forward to. Families typically add their children to the family auto policy either because they are driving the family vehicle or because it is more cost-effective. In Midland, TX, our dedicated team of independent agents at Ledford Insurance Agency is here to help customers with all their auto insurance questions and needs.

College

The first time you need to consider whether your family auto policy might cover your adult children is when they go off to college. Many young adults will return home during breaks from school, and their permanent addresses will not change while they are away taking classes. Especially if one of the family cars is going away to school with them, and they remain on the auto insurance policy, they will be covered.

After college, if the student returns home to live, nothing has changed, and they are still covered.

Moving Back Home

With the increase in rental costs and the inability of people to afford a home, children moving back home has become much more common. It is not uncommon for children to move back home after a divorce or losing their job either. Not every insurance company is the same when it comes to adults, but it is worth giving them a call to check. Make sure you add them to the policy as a driver to ensure they are covered. If they are using your vehicle, resist the temptation not to add them to the policy. It is better to do it correctly.

Contact our team at Ledford Insurance Agency in Midland, TX, to get a quote on auto insurance or any other insurance needs you may have.

Do You Need Commercial Insurance for Your Michigan Business?

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When it comes to commercial insurance for your business, state law in Texas doesn’t require you to have worker’s compensation and commercial auto liability insurance in place. In most states, if you have one or more employees who work at your business for more than 35 hours each week, you must have a worker’s compensation policy to cover them. Also, if your business owns or uses personal vehicles for business purposes, you must have at least a minimum amount of auto liability insurance on each one. The agents at the Ledford Insurance Agency LLC serving the Midland, TX area want you to know and understand that you can obtain other types of commercial insurance for your business.

What Does Commercial Insurance Cover?

When it comes to commercial insurance, you can choose from many different coverage options as a business owner.

Commercial Liability Insurance Coverage

Commercial liability insurance coverage is extremely important for you to have in place if someone is injured at your business. This could be a customer, a client, or some other type of visitor who falls or somehow becomes injured at your company. This policy will help pay for their medical bills and any lost wages they suffer. This type of insurance can also help you pay for an attorney if you’re ever accused of something like libel, copyright infringement, or slander.

Commercial Property Insurance

If a fire, natural disaster, or vandalism damages or destroys your business, you will definitely want commercial property insurance coverage. This will help you recover any lost inventory due to one of these types of situations or if a burglary occurs at your business.

Contact Ledford Insurance Agency LLC

The agents at the Ledford Insurance Agency LLC serving the Midland, TX area are ready to serve you with all of your commercial insurance needs. Call today to set up an appointment to get your policy started and protect the investment you have made in your business.

STATES SERVED

  • Texas
  • Oklahoma
  • New Mexico
  • Arizona

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