Q. My son or daughter will be getting their permit. Do I have to add him or her to my auto policy?
A. This depends on your insurance carrier, the best thing to do is contact your insurance agent.
Q. Is there a discount if I insure both my home and auto with the same company?
A. Yes, depending on the company, the discount can be a savings from 10-15%. There might also be an additional discount for long term customers.
Q. My auto premium is too high, how can I reduce my Premium?
A. Increase your Physical Damage deductible. Delete Physical Damage, if you have an older vehicle.
Q. Why is my home insured for a lower value than what the Market is?
A. Homeowners insurance is only intended to cover your dwelling, your land is not included. Keep in mind that in the event of a loss, the insurer will pay only for the cost to rebuild your home.
Q. As an individual businessowner, do I need Worker's Compensation insurance?
A. Yes, it would be in your best interest. Although, your medical insurance would pay for your medical bills, it does not compensate for lost wages, while out of work. Worker's Compensation also provides benefits, (besides medical) for permanent and temporary disability, death benefits and rehabilitation.
Q. Do I need an Umbrella policy?
A. It is recommended
for all homeowners and businesses to have an Umbrella policy. An Umbrella policy provides higher limits to protect your home and business against catastrophic losses. Umbrella policies are written to provide insurance on an excess basis, above underlying limits.
|
