Frequently Asked Questions
A home can require a tremendous investment of money, time, and energy. Homeowners insurance is designed to protect that investment by insuring the actual structure or structures and the personal possessions in and around them, as well as providing liability protection for the residents. Through homeowner's insurance, you can protect yourself and your family from enormous loss in the event of damage or destruction to your home and property. Most likely, if you have a mortgage on your home, you are required to carry homeowner's insurance.
If you want to lower your monthly premium, or buy more coverage at a lower cost, a solution is to carry a higher deductible. A higher deductible also may make sense if you believe that your chances of making a claim are remote enough to warrant assuming extra financial risk.
This depends on the type of policy you own. Generally, unless you buy additional coverage, you will not be compensated for losses due to floods, earthquake, nuclear accidents, wars, intentional damage, and normal wear and tear. Other exclusions may also apply.
For more expensive possessions, you can either purchase additional coverage through an endorsement of your existing policy or with a separate policy which will extend limits of coverage for specific items.
After an accident or theft recovery, the insurance company decides if your car is “totaled”, this means that the estimate of repairs exceeds the car’s value. If the insurance company decides your car is totaled, the insurance company will likely send you a check for your car’s value minus any applicable deductible.
If you were NOT at fault in the accident, you will make a claim to the at-fault driver’s insurance company. You will need to provide a copy of the accident report to our agency and to the insurance company representing the at fault party. If the other driver does not have insurance, your uninsured motorist coverage will take effect.
If you carry COMPREHENSIVE coverage on your vehicle, you will need to pay your applicable deductible and your insurance company will repair the damage or settle a total loss claim with you.