Bensman Risk Management, Inc.


Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

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Insurable Interests

Vol. 11, Issue 8April 2016

MONTHLY MESSAGE

Many Vehicles Have Unaddressed Safety Recalls

Getting a safety recall notice on your vehicle can be a massive inconvenience. You have to take the vehicle in to the dealer and wait while the issue is fixed. Usually there is no cost to you for the repair, but it can eat up a lot of time.

Of course, ignoring the notice is a bad idea. It is, after all, a safety recall, which means that there is something on your vehicle that could malfunction or fail and put you and other people in danger. Despite that, though, the National Highway Traffic Safety Administration (NHTSA) estimates that about 25 percent of vehicles currently on the road have unaddressed safety recalls. Carfax estimates the number at 18 percent, or 47 million vehicles.

The vehicles most likely to have an open safety violation are SUVs and minivans registered in Texas, Mississippi, Alaska, Utah or West Virginia, according to Carfax.

So what should you do? First, make sure your vehicle does not have an open safety recall. To find out, you can check a database at the NHTSA. Just go to safercar.gov, and enter your vehicle identification number (VIN). If you have overlooked a recall, get your vehicle fixed as soon as possible.

Even if your vehicle does not have an open recall, it is important to realize that there are a lot of vehicles on the road that do. And the drivers of those vehicles are courting danger, for themselves as well as for other drivers like you. That’s why it is especially important to make sure that your auto insurance limits are sufficient for your situation.

At The Bensman Group, we are happy to talk to you about auto insurance or any of your insurance or wealth management needs. You can contact us at 847-572-0820 or dmiller@bensman.com.

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