Category: Auto Insurance

09 Jan 2020
a parked pick up truck

Why Truck Owners with Commercial Plates Should Renew Now

Got a Truck? Here’s What You Should Know

 

As of December 16, 2019, ATLAS will require USDOT numbers for every commercial registration in order to renew.

 

This new RMV practice affects two vehicle categories that were previously not required to have USDOT numbers:

1) Trucks that are used in commerce in MA but weigh under 10,001 lbs.

2) trucks that weigh over 10,001 lbs. but are not used in commerce.

Who Needs a USDOT Number?

Massachusetts requires you to obtain a USDOT number if you have a vehicle that fits one of these descriptions:

  • It is used in intrastate commerce.
  • It is used to transport the types and quantities of hazardous materials requiring a safety permit in intrastate commerce (see 49 CFR 385.403).
  • It has a gross vehicle weight rating or gross combination weight rating, or gross vehicle weight or gross combination weight, of 4,536 kg (10,001 pounds) or more, whichever is greater.
  • It is designed or used to transport more than 15 passengers, including the driver, and is not used to transport passengers for compensation.

 

If you have questions regarding auto insurance coverage or would like to speak with a Massachusetts insurance expert from CAV Insurance Agency, call us on 781-237-4107. Remember that it only takes a few minutes to get an auto insurance quote from your local insurance agency.

12 Dec 2019
snow shovel next to snow

Is Your Parking Lot Safe for Visitors and Employees This Winter?

Get Your Parking Lot Ready for Winter

 

Parking lots can be dangerous places, especially in winter where there is ice and snow on the ground. If your business has a parking lot, you’ll want to ensure the safety of your employees, guests, visitors, vendors, and yourself this winter.

 

Slips, trips, and falls can result in serious injuries to visitors. This seemingly minor risk has the potential for lawsuits. It’s important to know the particular risks of your area and take appropriate precautions to safeguard individuals. Take a look at these tips on how to keep employees and visitors safe in your parking lot.

  • Establish a snow maintenance program. Make sure that you have a reliable contract with a local snow removal company to make sure the parking lots and sidewalks are free of snow and ice.
  • Provide grip. If there has been snow or ice, it’s important that you do what you can to prevent slips and falls. Spread out sand which can help guests grip the ground or salt that works to dissolve ice.
  • Install adequate lighting. During non-routine work hours such as early mornings or late evenings, your parking lot should be lit well so that people can clearly see vehicles and paths. Exterior lighting is important year-round and should be adequate for night-time use.
  • Maintain handrails. Handrails or guardrails should be installed at level changes and for the stairs and ramps. Make sure they are stable and at the appropriate height.
  • Establish clear signage. All entrances, exits, pedestrian crossings, and parking areas should be signposted clearly. Landscaping and signs should not block driver visibility.
  • Avoid unnecessary trips. If the parking lot is unsafe for use, do not call out employees and visitors unless absolutely necessary. One accident is all it takes to bring a company to its knees.

Make it easy for employees and visitors to report conditions in the parking lot, whether they feel unsafe or in danger. Management should receive these comments well and take action to correct an issue promptly. Doing so can help keep your business running smoothly.

 

A small investment parking lot safety for your business can help to avoid disasters. To find out if your business insurance is ready for the worst, call CAV Insurance Agency on 781-237-4107. We serve business owners in the Metro West areas such as Natick, Wellesley, Dover, Sherborn, and Weston.

19 Sep 2019
driving on fall roads

Top 5 New England Scenic Drives

Don’t Miss These Unforgettable Scenic Drives in Fall

For many collector car enthusiasts, the Fall is the best time to get out and drive. In New England we are lucky as the cooler temperature also bring out the fall foliage. Whether you have a new, used, or classic car, there is nothing better than a fall scenic drive.

  1. Mohawk Trail, Massachusetts

This popular Massachusetts drive goes through the famous Mohawk trail which is in the northwestern part of the state on route 2. The road winds through the hills and mountains of the Berkshires and offers prestigious views of the trail and the surrounding area.

  1. Central Vermont

Vermont is often known for its natural green mountain landscape, which makes for a great scenic drive. In particular, towns in central Vermont such as Woodstock, Killington, and Ludlow are composed of long winding roads that are calm and captivating during any season.

  1. Old King’s Highway, Cape Cod

This renowned route passes through hundreds of historical sites and stretches the entire width of the cape. You are also able to see the natural essence that the land has to offer, which includes cranberry bogs, salt marshes, and preserved farmlands.

  1. Moosehead Lake, Maine

Route 15 and Route 201 in Maine are popular routes to witness Moosehead Lake and its fantastic mountain scenery. This scenic highway captures the beautiful mountain and lake scenery that will take your breath away.

  1. Kancamagus Scenic Highway

This road takes you on a relaxing drive through the forest and displays some of the best fall foliage that New Hampshire has to offer. This path includes natural incredible views of the White Mountains, Swift River, Sabbaday Falls, and the Rocky Gorge.

One thing you shouldn’t have to worry about when driving your car this fall is the collector car insurance policy. At CAV Insurance in Wellesley, MA  we have a variety of markets to fit you and your vehicle needs. Whether you take it out for a Sunday drive through Dover and Sherborn or you enter your car in a show at Larz Anderson in Brookline we will set you up with a policy that fits your needs.

29 Aug 2019
truck on freeway Tips for Selecting Safe Drivers for Your Business

Selecting Safe Drivers for Your Business

Tips for Finding Safe Drivers for Your Commercial Vehicles

Whether you’re a restaurant in search of delivery drivers, a trucking firm looking to expand your fleet, or a start-up who is always on the move, it’s critical to find and hire safe drivers for your commercial vehicles. Hiring safe, qualified drivers can reduce the risks for employees as well as minimize your company’s liability. According to the Occupational Safety and Health Administration (OSHA), motor vehicle crashes cost employers $60 billion each year in medical care, legal expenses, property damage and lost productivity. If your business can avoid the expense of a commercial auto accident, you could save the average costs of $74,000 for injuries and over $500,000 if a fatality occurs. To assist in protecting your business, learn how to choose safe drivers for your vehicles.

Follow a formal hiring policy

Even companies that do not have a large fleet should have a hiring policy in place to ensure drivers are properly vetted before hiring. The policy should include the company requirements, state and federal regulations, and the process on how to hire a driver correctly.

Ask relevant questions

When interviewing, ask each candidate open-ended questions about their driving history and driving habits. You can choose to ask about how they stay alert when driving long distances, how they navigate unfamiliar roads, and what they would do if they were running late. Safety should be the priority in each of these answers. In addition to asking about their traffic violations, ask what they have actively done to improve their driving skills.

Evaluate motor vehicle records

Motor Vehicle Records (MVR) provide valuable information about each candidate’s driving history. Here, you can learn more about whether they have been truthful in the interview and how responsible they are as a driver.

Establish a safety program

Hiring good drivers is the first step. As a business, it’s imperative that you regularly train and monitor your drivers to ensure that your vehicles and business are kept in safe hands. Write up a safety program that includes written procedures, crash reporting, disciplinary action, and driver communication.

Protect your business with commercial auto insurance

Even the safest of drivers get into accidents. If the worst does happen, be sure that you have a commercial auto insurance policy that you can fall back on. At CAV Insurance Agency, we work with each business to determine their individual needs and budget. Serving Wellesley, Arlington, Natick, Concord, Cambridge, and neighboring towns, contact us today on 781-237-4107 to get started.

22 Aug 2019
a digital dashboard in car

High-Tech Cars: What’s New in Car Safety Features

Car Safety Features and Technology in Modern Cars

There’s no doubt about it, technology is changing the way we work, communicate, and drive. That’s right, technology has truly made its way into our everyday vehicles, making for a smoother and safer ride. We’re still a few years away from autonomous vehicles being the majority on our roads, but that doesn’t mean modern cars aren’t getting smarter by the minute. We take a look under the hood of today’s high-tech cars to see some of the emerging technologies and how they make each journey safer and smarter.

Automatic Emergency Braking Systems (AEBS)

Going a step beyond simpler and possibly distracting collision warning systems, AEBS puts the brakes on rear-end accidents. Sensors monitor the distance of the vehicle in front of the car, sending signals to the brakes if a collision is imminent. It assists the driver if they are not quick enough to brake or are not braking hard enough to prevent a crash.

Lane Keeping Assist

When a driver is distracted, ill or tired is when they are most likely to drift from one lane into another. That’s why Lane Keeping Assist was developed – to provide audible warnings to the driver to alert them to the fact that they are drifting. LKA also takes corrective action to keep the vehicle centered in the lane rather than rely on the driver to do it manually.

Traffic Sign Recognition

We’ve all had a moment of apprehension because we didn’t notice a stop sign or a street sign indicating a speed limit change. The latest high-tech cars don’t miss a beat. They can read the street signs that we might miss and then relay this information on the dash display.

Driver Inattention Monitor

This smart monitor registers your face and notices patterns of drowsiness or distraction. Then, the car can warn you and often encourages you to take a break.

Pedestrian Automatic Emergency Braking

One system that is being perfected is the warning system that detects pedestrians near the moving vehicle. Audible warnings can be a distraction as you try to understand what is beeping, which is why tech makers are using cameras or radar to detect pedestrians in your path and then automatically apply the brakes if you don’t do so yourself quickly enough.

Increased safety is the goal of many car developments now. These new safety devices can help to limit collisions, reduce injuries and deaths, avoid costly deductibles, and more. If you have questions regarding auto insurance coverage or would like to speak with a Massachusetts insurance expert from CAV Insurance Agency, call us on 781-237-4107. Remember that it only takes a few minutes to get an auto insurance quote from your local insurance agency.

25 Jul 2019

How Much Excess Liability Do You Need?

Determining How Much Umbrella Insurance You Should Have

Accidents happen. Although it’s never pleasant to face a disaster, you may have your insurance policies there to pick up the pieces. But what happens when the damage exceeds your insurance coverage? You could be left paying the rest, which can take a serious toll on your finances. Here is where an umbrella policy, also known as excess personal liability insurance, comes in handy.

An umbrella policy is designed to sit on top of your auto, homeowners, and watercraft liability coverage. If you injure someone in an auto accident or someone gets injured while on your property, your home or auto insurer will help to pay for damages up to the liability limits in your policy. If the damages exceed these limits, the injured party can then sue you for the difference. Fortunately, an umbrella policy can help to protect you and your assets in the event of a liability claim.

How much coverage do I need?

As a general rule, the more assets you have acquired, the higher your risk for litigious encounters. Individuals should seek additional coverage to protect their assets and financial security. Umbrella insurance is typically sold in increments of $1 million and can cost as little as $180 a year for the first $1 million of coverage. However, what you actually pay will depend on a variety of risk factors.

A range of factors will be taken into account when acquiring umbrella insurance. There are some risk factors that call for more insurance than others, such as having teenage drivers, domestic employees, owning watercraft or an ATV, having a backyard pool, serving on the board of a non-profit organization, or being active on social media networks. If you fall into several of these categories, your liability risk is higher than average. In turn, you may need to opt for more umbrella insurance to protect your assets.

Finding the right umbrella insurance protection doesn’t have to be challenging. Talk to the reliable team at CAV Insurance to get started on your policies! Our experts are well-versed in finding the right coverage for unique situations. Contact us on 781-237-4107 to get started.

11 Jul 2019

6 Ways to Protect Your Classic Car Investment

Safeguarding Your Classic Car

One of the many joys of owning and driving a classic car is the freedom to cherish it in a way that just isn’t practical or rational for your daily driver. A classic car often comes in at a pretty penny, so we want to keep them as safe and secure as possible. When it comes to protecting your vehicle, everything from routine maintenance to collector auto insurance Wellesley, MA can help. Whether you own a collection of muscle cars or an antique auto, these tips can help to prevent damage and additional wear and tear to your investment.

 

  • Store it well

Is your car stored in your garage? If so, make sure it is properly secure and add some extra locks, if needed. Keep the lawn equipment, kids’ toys, power tools, and harsh chemicals well away from the vehicle. To take extra precautions, opt to store your vehicle in a safe storage facility where it won’t be surrounded by other garage items. It is also a good idea to get a car cover for the car for added protection.

  • Prepare for extended storage periods

In New England the driving season is relatively short. During the winter months your car most likely will not see the roads. Due to this it is a good idea to prep your car for winter storage. It is a good idea to drain or treat the fuel, these days fuel has ethanol in it that when left for periods of time can turn to a gel like substance and clog up the fuel system. Another must is a battery trickle charger. These devices extend the life of your battery as well as keep the battery charged so you will not have a dead battery when you try and start the car next.

  • Drive it!

The best way to keep your classic car in tip-top condition is by driving it regularly, so don’t be afraid to slip behind the wheel. Journeys of just a few miles aren’t great for the vehicle, but anything that is long enough to get the fluids nice and warm will do more good than harm.

  • Place documents in a safe location

The original manuals and historic photos are an essential part of your car’s history and should be kept safe at all times. Maintain all the essential and original documents as best you can, and this may even increase the value of the vehicle.

  • Keep up the maintenance

Your classic vehicle can’t be taken to any garage. An older system means finding a mechanic who specializes in maintaining these vehicles. Remember to complete necessary tune-ups, and address any problems promptly. Here’s what you should know about classic car insurance.

  • Secure enough insurance

Your classic car is like any other – so why settle for a standard auto insurance policy? Find an insurer who understands what it means to protect a classic car, and who allows you to choose the most qualified repair shop.

At CAV Insurance Agency, protecting your classic car comes naturally. We have access to specialty companies such as Hagerty, Grundy, and AIG. These carriers offer policies designed specifically for your collector car, and they take into consideration the limited seasons we have up here to drive these cars. At CAV Insurance we serve motorists from Dover & Sherborn to Wellesley, Needham and Weston and neighboring towns. Contact us today and let us put our decades of collector car insurance expertise to work for you!

30 May 2019

That 80s and 90s Autos: Never Gonna Give You Up

The 80s and 90s Vehicles Are Back!

 

They say that history repeats itself. It’s true that the ‘80s has not, and seemingly will not, go away. Cars from the 1980s and ‘90s are catching on in the collector market, providing more coverage opportunities and competition in auto insurance than ever before. The market is undergoing rapid change because Generation X and Millennials have become the largest group of people interested in acquiring collector vehicles. Today, the ‘80s and ‘90s cars are some of the most sought-after cars on the market.

 

One of the biggest stories in the collecting world last year was the consignment of 140 cars from the 1980s and ‘90s. The collection, dubbed “The Youngtimer Dream Garage,” includes so many sweet cars that RM Sotheby’s broke it up into four sales—Paris in February, Amelia Island, and Fort Lauderdale in March, and Essen in April. Can you provice a link to this?

 

More and more insurers have noted that consumers are asking for quotes for classic vehicles from the ‘80s and ‘90s. Take a look at just a few that continue to crop up.

 

1980s

  • Chevrolet Corvette
  • Ford Mustang
  • Chevrolet Camaro
  • Chevrolet C10 series
  • Chevrolet Monte Carlo
  • Pontiac Firebird
  • Mercedes-Benz 560SL

 

1990s

  • Ford Mustang
  • Chevrolet Corvette
  • Chevrolet Camaro
  • Chevrolet C1500 series
  • Mazda Miata
  • Porsche 911
  • Ford F-150

 

As the weather warms, we can expect to see more of these vehicles taking to the streets as collectors bring them out of winter hibernation. Are you eager to see these vehicles in the flesh? Don’t miss the Larz Anderson Auto Museum car events!

 

What’s more, if you’re an owner of one of these valuable vehicles, it’s important that you insure it to its unique value. When you’re looking to protect your collector vehicle, the team at CAV Insurance Agency can help. We serve motorists in Brookline, Weston and other neighboring towns. Contact us today and let us put our decades of classic car insurance expertise to work for you!

 

16 May 2019
Are Your Vintage Toys Valuable? vintage comic books stacked

Are Your Vintage Toys Valuable?

How to Determine If Your Vintage Toys are Worth Insuring 

When you were younger, you may have collected everything from Hot Wheels, Pez dispensers, comic books, and action figures. Chances are that when you “grew out” of your toys, they made their way to the garage sale or thrift store. After all, there was always something newer and better coming out. However, if you or your parents kept any of your old toys, dolls, and playsets, you may be in luck. Some of the old toys that are now considered vintage might be worth more than you think. Here’s how you can tell an old toy from a collectible worth insuring.

 

  • Rarity

Generally speaking, vintage toys that were made in small quantities often bring a higher value than those which were mass produced. That means that if you own one of the 2,000 royal blue beanie baby elephants, you might have something valuable on your hands (worth around $5,000).

 

  • The older the better

Just because you have a toy from a few decades ago doesn’t mean that it is instantly valuable. An antique toy worth insuring shouldn’t be something that can be made today. To date an antique toy, check the patent, maker’s mark, or country of origin mark on the toy.

 

  • Condition counts

In the world of antiques, mint condition is ideal. This means that the toy is still in its original box with the instructions and has never been opened. Mint condition toys are worth much more than those that have been used, played with, and show wear and tear.

 

  • Expert restoration

If something in your collection needs to be restored, be sure that an expert does it. Someone who understands the product, material, and value of the piece is more likely to do a better job at restoration. Normal wear and tear is generally acceptable, but keeping your collection in working and aesthetically-pleasing condition is critical to retain the value.

 

  • The value may be in the eyes of the beholder

Some people value vintage toys for their monetary worth, some for their charm, and some for their nostalgia. That said, beauty is in the eye of the beholder. Not every toy you cherish will be of value to others. Your best option is to collect what you enjoy, whether or not it holds monetary value.

 

With a valuable collection comes the need to secure reliable insurance. A reliable policy can protect your high-value collection as it grows, giving you the peace of mind that you have a financial safeguard in place should the worst happen. To get started on your tailored coverage, contact the team at CAV Insurance Agency. We serve collectors in Dover, Needham, Brookline and surrounding cities in Massachusetts. Give us a call on  781-237-4107 to get started!

11 Apr 2019

RM Sotheby’s Amelia Island 2019 Auction Results

Results from RM Sotheby’s Amelia Island

 

On Friday, March 8th, the RM Sotheby’s Amelia Island 2019 was held on the grounds of the Ritz-Carlton Hotel in Amelia Island, Florida. This year, the sale features more than 140 automobiles and totaled 84 percent sell-through rate. Take a look at some of the auction results that stunned the audience.

 

Lots from the single-owner Youngtimer Collection opened the sale, with the first lot consisting of a 1993 Mazda RX-7 bring an above-estimate of $50,400, setting a record for the model at auction. Within the Collection, a 1996 Nissan 300 ZX Twin Turbo sold for $53,200, a 1989 Mercedes-Benz 560 SEC AMG 6.0 ‘Wide-Body’ reached $179,200, and a 1994 BMW 850 CSi achieved $184,800, all eclipsing or reaching the top end of the high estimate. An original 1994 Toyota Supra Twin Turbo Targa, which had less than 11,200 miles from new, sparked an interest with many buyers in the room. The sale price for this vehicle reached $173,600 and exceeded the current auction record for the stock model, estimated at around $100k to $120k.

 

Sales continued to climb throughout the day. A Euro-spec 1992 Ferrari F40 achieved $1,017,000 and a 2015 McLaren P1 sold for a solid $1,490,000. The 2010 Bugatti Veyron 16.4 ‘Sang Noir’ was sold for $1,500,000.

 

The sale session was led by the top sale of the entire week, a 1965 Ferrari 275 GBT, which sold for a final price of $2,205,000. The award-winning 275 GBT retains its original, matching-numbers engine.

 

RM Sotheby’s Amelia Island 2019 – Top Ten Auction Results

  1. 1965 Ferrari 275 GTB – $2,205,000
  2. 1967 Shelby Cobra 427 – $1,792,500
  3. 1930 Duesenberg Model J LeBaron Dual Cowl Phaeton – $1,650,000
  4. 2010 Bugatti Veyron 16.4 Sang Noir – $1,500,000
  5. 2015 McLaren P1 – $1,490,000
  6. 1926 Hispano-Suiza H6B Cabriolet Le Dandy – $1,352,500
  7. 1934 Packard Twelve Individual Custom Convertible Sedan – $1,325,000
  8. 2015 Porsche 918 Spyder – $1,187,500
  9. 1992 Ferrari F40 – $1,017,000
  10. 2017 Ferrari F12 tdf – $967,500

 

For complete results, please visit RM Sotheby’s.

 

When you’re looking to protect your collector vehicle, the team at CAV Insurance Agency can help. We serve motorists in Brookline, Weston and other neighboring towns. Contact us today and let us put our decades of classic car insurance expertise to work for you!