Auto Insurance

OceanPoint Insurance, an RI insurance agency, offers home, auto & personal insurance from the top insurance carriers; and a range of financial services.

The Rhode Island Division of Motor Vehicles (DMV) has implemented the Rhode Island Insurance Verification System (RIIVS) in order to verify automobile liability insurance for vehicles registered in Rhode Island. If a registered vehicle does not have an associated insurance policy for three consecutive months, you will receive an RIIVS notice from the DMV indicating that you are required to obtain insurance.

You will receive a notice if RIIVS is unable to verify the insurance information for your vehicle. Oftentimes data entry errors can occur. You may receive a notice, even if you have insurance, due to incorrect Vehicle Identification Numbers, name misspelling etc. on you’re your policy. We will be able to correct this information for you.

If you receive a RIIVS notice, and you currently have liability insurance, if you obtained liability insurance, or if the vehicle is not currently being operated, you must notify your insurance company or agent and we will report the required information electronically.

If the vehicle has been sold or registered out of state, you must turn in the plates to a DMV branch or submit an Affidavit for Cancellation of Registration for Lost Plates.

If you do not wish to obtain liability insurance, Rhode Island law requires that you cancel your registration and surrender the vehicle plates to a DMV branch office.

The first three month evaluation began on November 17, 2015 and will end February 7, 2015, at which time the initial notices will be sent out. If you do not take appropriate action upon receipt of the first notice, a second notice will be sent to you. If, after the second notice, you fail to comply, the DMV will revoke the registration of the vehicle and block your ability to obtain or renew a license or registration.

If you have any questions or concerns, please contact OceanPoint Insurance at 847-5200.

RI Car Insurance

Fall has officially arrived and the school year is underway. However, as you may finally be settling into a comfortable transportation routine for your children, it is important to be aware of the gaps in your coverage that are allotted with the different types of commonly used transportation services. Ride sharing, vehicle sharing and carpooling each come with their own hazards that we believe our policyholders need to be aware of.

Ride Sharing

According to the Insurance Services Office (ISO), ride sharing is a term generally referring to a peer-to-peer service that enables the arrangement of vehicular transportation services, often on a very short notice generally utilizing smart phone applications.

In most cases, ride sharing is not protected through a basic auto policy, as it excludes coverage for liability, bodily injury, physical damage or property damage arising out of the ownership, operation or occupation of a vehicle while it is being used for such purposes.

Listed below are the potential gaps in Personal Auto policies that you should talk to your OceanPoint agent about immediately prior to engaging in ride sharing:

Coverage for Damage to your Auto: your policy will not pay for loss to your covered auto or any non-owned auto while being used as a public or livery conveyance
Medical Payments Coverage: most policies exclude this coverage for any insured for bodily injury if the injury occurred while the vehicle was being used for public or livery conveyance

Vehicle Sharing

Distinct from ride sharing, but equally as prevalent, is vehicle sharing. These types of programs, also known as peer-to-peer car sharing, allows an individual to rent out their personal vehicle for a fee to another individual. Vehicle sharing rental fees are shared between the individual and the vehicle sharing company.

Such as the case in ride sharing, RI car insurance for vehicle sharing excludes coverage for liability, bodily injury, physical damage or property damage when “your covered auto” or a “non-owned auto” is being operated within the context of a personal vehicle sharing program.

Carpooling

On the other hand, using your vehicle to carpool children to school is still covered under your basic auto policy, as long as you do not make a profit from it. Accepting gas money does not fall under the terms of making a profit.

However, we highly suggest that you consider additional liability or umbrella liability insurance if you continue to carpool throughout the year. Remember, costs could add up quickly after an at-fault accident. In addition to covering the damages to the other party’s car, injuries, or property that you’re responsible for, covering any injuries for your passengers only adds to these costs.

In the case that your RI car insurance liability coverage isn’t enough to cover the damages of an accident, a personal umbrella policy will assist you right where your other liability underlying limits have been reached.

It is for this reason that we at OceanPoint Insurance strongly recommend that you talk to your agent soon about your options for increased coverage. Contact us today to discuss your current RI car insurance policy, and to ensure that you and your passengers are safe and fully protected.

 

Information for this article provided by: Personal Umbrella Policy, Ride Sharing and Vehicle Sharing, and Personal Auto Policy

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The warm weather is here and summer is rapidly approaching. We are all eager to enjoy those summer toys with family, especially after the rough winter we’ve had. No matter how you choose to travel it is crucial you secure proper insurance protection.

At OceanPoint Insurance, we urge you to review your insurance policies to be certain they will protect you for another summer of fun and adventure. Your current policy may not fully protect you against theft, damage or accident; therefore we encourage you to talk with your OceanPoint agent to ensure everything is properly insured.

We provide insurance protection for:

  • Jet Skis
  • Motorcycles
  • ATV’s
  • Boats/Yachts
  • Motor Homes

We also offer additional coverage for equipment and property, including bodily injury liability, coverage for guest passengers, and property damage liability.

Call OceanPoint Insurance at 847.5200 to review all of your coverage options and ensure you’re covered for all seasons.

We all need insurance, but with the wide variety of options available and companies to choose from, deciding on which policy is right for you can be over whelming. As an independent insurance agency, we have the ability to offer you rates from multiple insurance companies. We are able to rate prospective insurance applicants using a comparative rater and figure out at what premium you are eligible to purchase insurance.

If you choose one insurance company, the rate they give you is the rate that one company believes you qualify for. OceanPoint has a comparative rating system that allows you to compare the rates of a variety of insurance companies right on our website, so you can choose which company best fits your needs.

No insurance policy is a one-size-fits-all, and you don’t know which company fits best until you explore all your options. To receive a quote for homeowners, auto, or life insurance, visit the quote page of our website and fill out the required form. An agent will then contact you with quotes from multiple insurance carriers based on the information you provided.

At OceanPoint we strive to ensure all of our clients are satisfied with our service, and we continuously look for ways to save you money while offering you superior coverage at competitive rates. With our comparative rating system, you are able to review all of your options from the comfort of your own home, when it is convenient for you.

OceanPoint effectively provides you with a fast and accurate insurance quote. For more information about our quote options, call our office today at 847-5200, or visit the quote page of our website to start comparing rates today.

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We’re at that time of the year when potholes start turning up left and right. This year the roads are filled with them, and we find ourselves swerving all over the road trying to avoid them.  However, avoiding every pothole is easier said than done and many of them have the potential to cause serious damage to your car.

Often times we don’t see one, or it’s filled with water disguising itself as a puddle and we don’t have time to avoid it.

If you hit a pothole that causes damage to your car, are you supposed to pay for that? 

If you pay out of pocket to fix the damages caused by the pothole, you could be reimbursed for up to $300 to cover the cost of repairs. Depending on which road, whether it was a state or city road, you can file a claim with the Rhode Island Department of Transportation (RIDOT), or the city and receive reimbursement, if your claim is approved.

To ensure proper reimbursement, you must follow these steps when filing a claim with RIDOT:

1. Within 7-days of the incident, the registered vehicle owner must submit a letter to RIDOT stating the exact time, date, and location of the incident.

  • The letter must be post marked or received within 7-calendar-days of the incident.

2. You have up to 60-days to provide the following:

  • A copy of a police report, a tow receipt or an auto club report verifying the incident
  • A copy of the valid RI registration for the vehicle
  • Copies of itemized, paid receipts with a proof of payment provided; the current odometer reading must be on the repair bill

If the damage occurred on an Interstate highway, and your car was not disabled or you do not have a tow receipt or auto club report, often times the State Police is the correct agency from which motorists should seek a pothole incident report form.

There are no guarantees with any claim made to RIDOT, and the pothole claim law only applies to cars registered in Rhode Island. The pothole law is only effective for non-residents if their vehicle is registered in a state that has a reciprocal pothole law (such a state would afford similar protections to Rhode Island-registered vehicles in its state).

If you choose to file a claim with your auto insurance company, you should know the damages would only be covered if you have collision insurance and that your deductible would apply. Make sure you take pictures of the damage right away, and if it is safe you should take a picture of the pothole as well to help process the claim.

For more information on pothole damage reimbursement and for help when filing a claim call OceanPoint Insurance at 401-847-5200.

RI Auto Insurance

Many RI Auto insurance policies boast their “low prices” or  “extra savings” when switching to their policy. At OceanPoint, we always try to find the best price for our customers, but we do so keeping in mind that auto insurance isn’t just about protecting your vehicle – it’s about protecting your loved ones inside your vehicle.

When determining the right coverage for you, we often take into consideration two important coverages that are more about you and your loved ones, than about the vehicles damaged in an accident.

Uninsured/Underinsured Motorist coverage will protect you during an accident with someone who does not have any auto insurance or did not have enough insurance to cover the damages. This coverage can pay for your medical bills as well as those of the passengers in your car. Depending on the laws in your state it can also cover the damages to your vehicle, pain and suffering, loss of income, or loss of care and services.

Bodily Injury Liability covers medical expenses, pain and suffering, lost wages, and other special damages incurred from an accident in which you are legally responsible for accidently injuring someone else.

The next time you’re tempted to go with an insurance policy that can lower your rates by reducing your coverage, remember, your policy is meant to not only protect your vehicle, but also to protect those you care about inside it.

For more information about the coverages associated with your RI auto insurance policy,  Contact OceanPoint Insurance.

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Simply put, uninsured motorist coverage protects you financially for bodily injury, including death, from an accident caused by a driver who does not have car insurance. It includes you and any family members who may be in the vehicle at the time of the accident. The intent of uninsured motorist coverage is to pay for medical costs and loss of work but not the physical damage to your car, as it would be covered under the collision part of your insurance policy.

There are many scenarios when you may be in a car accident where you are not at fault, yet you would not be protected if you don’t have uninsured motorist insurance coverage. An uninsured motorist might be:
  • Someone who has car insurance but coverage for this accident is denied,
  • Someone who does not have a driver’s license.
  • Someone whose driver’s license has been revoked.
  • Someone driving a stolen car.
  • Someone who may have let their car insurance lapse because they couldn’t afford the premium.
  • Someone whose auto insurance has just been cancelled.
  • The driver who speeds away from a hit and run accident.

Damages recoverable with uninsured motorist coverage include those amounts you would be legally entitled to collect if the at fault party could be identified and had insurance, up to the limit on your policy. Many states, including Rhode Island, have laws that address whether uninsured motorist coverage may be required and how it works.

Types of Damages that Are Covered

Medical Bills:

Most health insurance plans include substantial deductibles and co payments. Even if you have what seems to be adequate health insurance, the direct costs of injuriesfrom an accident with an uninsured motorist can result in severe financial hardship. This exposure is multiplied when more than one member of a family covered under an auto insurance policy is involved in the accident. Even if you live in a state requiring No Fault (or Personal Injury Protection) coverage, the limits there may not be enough to pay all the bills from a serious accident.

Other Legal Damages:

Depending on the laws of your state, damages may be recoverable from an at fault party for pain and suffering, loss of income, or loss of care and services. If the at fault party is not found or does not have insurance coverage available, your uninsured motorist coverage will pay damages as a court would award you, up to your policy limit.

How Much Coverage You May Need

Consider buying uninsured motorist limits at least equal to your auto liability limits. While carrying less may be allowed, uninsured motorist rates are usually far lower than the rates for liability coverage. If you want to purchase lower uninsured motorist limits or even to avoid purchasing uninsured motorist coverage altogether, you may be asked to sign a statement to the effect that the coverage was offered and declined.

Considering the potential damage from an accident with an uninsured motorist, if you don’t already have high limits on your medical coverage, you should look into buying as much protection as you can afford and that the insurance company allows.

As your independent insurance agent, we can help you make sure you have the right insurance coverage in place in case you’re unlucky enough to meet an uninsured motorist. Call us today at 401-847-5200.