FAQ’s
Below are some general questions about Auto and Home Insurance policies.
Auto Insurance
Auto insurance provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability arising from incidents involving your vehicle. It’s required by law in most states.
Factors include your age, driving history, vehicle type, location, credit score, and the coverage options you select.
Comprehensive covers non-collision-related damages like theft, vandalism, or natural disasters. Collision covers damages resulting from an accident involving another vehicle or object.
This covers your costs if you’re in an accident with a driver who has no insurance or insufficient insurance.
Yes, but your premiums will likely be higher. Some insurers specialize in high-risk drivers.
In most cases, insurance follows the car, not the driver. Your policy will typically cover the accident, but it’s essential to check your specific policy terms.
A deductible is the amount you pay out-of-pocket before your insurance kicks in to cover a claim.
If your car is financed, insurance is usually required. If it’s paid off, you may need at least comprehensive coverage to protect against theft or damage while parked.
GAP (Guaranteed Asset Protection) insurance is an optional coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car’s depreciated value.
Immediately ensure everyone’s safety and call the authorities if necessary. Exchange information with the other driver, document the scene with photos, and contact your insurance provider as soon as possible to start the claims process. Timely reporting helps ensure a smoother investigation and faster reimbursement.
Home Insurance
Typically, home insurance covers the structure of your home, personal belongings, liability for injuries, and additional living expenses if you’re displaced.
Standard policies usually cover certain perils like fire or windstorms but often exclude floods and earthquakes, which require separate policies.
Factors include the home’s age, location, construction materials, safety features, claims history, and the coverage limits you choose.
Yes, by bundling policies, increasing your deductible, installing safety features, and maintaining a good credit score.
Contact your insurer promptly, document damages with photos, and keep receipts for repairs or temporary living expenses.
Replacement cost covers the full cost to repair or replace your home or belongings without depreciation. Actual cash value considers depreciation.
If you have a mortgage, your lender typically requires it. If you own your home outright, it’s optional but highly recommended.
You should have enough coverage to rebuild your home at current construction costs and replace your belongings.
It depends on the source. Sudden damage from a burst pipe is typically covered, but gradual damage or flooding is not unless you have specific coverage.
Personal liability coverage protects you if someone is injured on your property or if you (or your household members) accidentally cause damage to someone else’s property. It covers legal defense fees and court awards up to your policy limit. This is crucial for protecting your financial assets against unexpected lawsuits.
let’s connect
Can’t Find Answer?
If you’re concerned about something with your existing policy, or have any other questions don’t hesitate to reach out.
We’re here to help!