How long will it take to get my car repaired?
Every claim is unique, and there are a lot of different things that could affect how long it takes to resolve your claim. Claims teams are made up of experienced professionals who will always do their best to get your claim resolved efficiently. You can help by providing all the information you can about the incident. Both drivers in the accident have to be talked to by the insurance company(s) before the claim can move forward in most cases.Back to TopWill my auto insurance policy pay for a rental car until my car is repaired?
If you have auto insurance with comprehensive and collision coverage, you can select rental reimbursement as a coverage option which reimburses you for a car rental for up to 30 days after a covered claim, up to the dollar amount per day that's shown on your Policy Declarations. Research has shown that the average rental car cost is generally around $30/day in most states and is higher for certain vehicles (e.g., minivan, large SUV, pick-up, etc.). If a rental is needed, the daily cost coupled with the average two-week time that a rental is needed could result in out-of-pocket expenses of $450 or more if your car is in an accident or stolen. (See your policy for a complete description of terms and limitations.) If the other party is at fault, their insurance is responsible for paying for damages and providing a rental car while your vehicle is being repaired. You should ask for loss of value also, which covers the loss of value that you encounter when you sell or trade due to the car having been in an accident and having been repaired. Back to TopThe accident wasn't my fault. Shouldn't the other driver pay my deductible?
We will work aggressively to attempt to recover money paid on your claim, including your deductible. The recovery process, which is known as subrogation, can typically take several months to complete.Back to TopWill my insurance premium increase if I file a claim?
Every policyholder's situation is unique, so depending on your circumstances, your premium may be affected. If you are concerned, don't hesitate to discuss it with your insurance Agent. You may also want to ask them about Accident Forgiveness, which may help prevent your auto rates from going up just because of an accident, even if it's your fault. it does cost a little more to add this coverage.Back to TopMy teen is about to enter the driving world. Is there something I can do to prepare?
Talk with them. Some companies offer teen driving courses that help them understand the realities of driving and the risk to life involved. Alcohol was the number one factor in teen accidents but cell phones are now the number one cause and auto accidents are the number one cause of teen deaths. Rates for teens the age of 16 to 21 are the highest in auto insurance. If they have their own car and are not a secondary driver of one of the parents cars the rates are the highest. Good grades are one factor that can help lower cost on insurance for teens.Back to TopI'm thinking of buying a motorcycle. Can I just add it to my auto policy?
Having the right motorcycle coverage is very important and also very different from your car insurance, so you will need a separate policy. The good news is you could qualify for a multiple-policy discount if your auto and motorcycle are with the same company. Back to TopMy windshield was damaged by a falling rock. Is that covered?
In most cases, this type of damage is covered under your Comprehensive Coverage. Windshields are replaced with no deductible if cracked or broken beyond repair. Sometimes a small quarter size crack can be repaired without replacing the whole windshield, the repair company will be able to assess this. Call your agent for the next step in connecting to the repair or replacement company. Never allow people who roam about looking for windshields that have scratches or cracks to repair yours. Only use the companies that are approved and on the insurance company's vendor list. Using other companies may put you at risk and in a situation that involves litigation. Back to TopWhat is Homeowners Insurance?
Back to TopWhat is Dwelling Coverage?
Homeowners insurance is an insurance policy that protects you financially in the event that your home and property is damaged in a covered peril, or in the event of a covered lawsuit.
Perils that are typically covered by a standard home insurance policy include fire, wind, lightning, hail and theft. While no one plans on losing their home or possessions to any of these perils, it unfortunately happens every day. Ask yourself this: If your home was ever destroyed in a fire, for example, how would you pay to rebuild your home? That's where your homeowners insurance comes in.
Homeowners insurance protects the investment you have made in your home by providing you with coverage for specific hazards.
But your home insurance doesn't stop there. In the event that someone was filing a lawsuit against you for accidental damage you caused to their property, how would you pay for the costly legal fees? Standard homeowners insurance also contains liability coverage that protects you and your family against lawsuits where another party finds you liable for damage to their property or person.
Typically, a standard home insurance policy includes the following coverage:
Standard Home Insurance Coverages
Coverage A – Dwelling
Coverage B – Other Structures on Your Property
Coverage C – Personal Property/Contents
Coverage D – Loss of Use
Coverage E – Personal Liability Protection
Coverage F – Medical Payments
Dwelling coverage (Coverage A) is the portion of your home insurance policy that covers the cost of rebuilding /repairing your home in the event that it is damaged or lost in a covered peril such as wind, hail, lightening or fire. Separate policies are needed for damages and losses caused by earthquake and flood insurance as these are not covered under standard home insurance policies.
The amount of dwelling coverage that you should purchase should be enough to cover the cost of rebuilding your home in the event of a complete loss. Do not confuse this amount with the market value of your home, as the market value includes the value of your land. Remember that in the event of a disaster, your land will not be lost, only the buildings that stand on it. To determine the replacement value of your home please contact your agent.Back to TopWhat is the difference between replacement cost of my home and actual cash value?
The replacement cost of your home is how much it would cost to replace your home and its contents with new materials at current prices in the event of a loss. Actual cash value (ACV) is the value of your property at the time of a loss. ACV may be determined as the replacement cost minus depreciation.Back to TopI recently reviewed our home insurance policy after not looking at it for years. I am concerned that we are no longer adequately insured. How can we figure out how much home insurance we need?
You will need enough home insurance to cover the cost of the following:
- The structure of your home: To estimate the amount of insurance you will need to cover the structure of your home please contact your agent.
- Your personal possessions: To determine the value of your personal possessions and belongings you should perform a home inventory.
- Additional Living Expenses: In the case that your home is damaged and you must live somewhere else while repairs are performed you will need coverage for those costs. A home insurance agent can help you determine the amount of additional living expense coverage you may need.
- Liability: Your liability to others for accidents that may happen at your home. A home insurance agent can help you determine the amount of liability coverage you need.
Asking a licensed home insurance agent is always a great way to determine how much home insurance you need. They can help you determine specific coverage levels and discuss appropriate deductibles.Back to TopWhat does homeowners insurance protect against?
Generally, homeowner's insurance will cover replacing your home and personal property up to certain limits. Most disasters are covered, but not earthquakes or flooding, and homeowner's policies do not cover the normal aging of your house. Homeowner's insurance also may include liability coverage, which covers personal injuries to other people that happen due to your negligence.
On the declarations page provided by your agent, and within your policy, you will see the various coverage types identified as follows:
Back to TopWhy should you buy home insurance?Owners: To protect both your house and personal property.
Tenants: To protect your furniture and personal property.
Everyone: Protection against liability for accidents that injure other people or damage their propertyBack to TopHow much dwelling coverage is needed?
- Coverage A - Dwelling — Pays for damage or destruction to your house and attached structures, such as a screen enclosure or carport.
- Coverage B - Other structures such as a garage, deck or swimming pool
- Coverage C - Personal Property — Covers the contents of your house, including furniture, clothing and appliances, if they are stolen, damaged, or destroyed.
- Coverage D - Loss of Use — Pays for additional living expenses if your home is uninhabitable due to a covered loss. Most standard Florida Homeowners Insurance policies pay 10% to 20% of the amount of your Dwelling coverage
- Coverage E - Liability — Protects you against financial loss if you are sued and found legally responsible for someone else's injury or property damage
- Coverage F - Medical Payments — Covers medical bills for person(s) injured on your property.
The amount of coverage that you need depends on what it would cost to replace your home in the event of a total loss. The amount of coverage you purchase for your home can best be determined by a licensed and experienced insurance agent. They will calculate your premium based on the size and building type of your home, your liability protection needs and any endorsements or riders that need to be added to your policy.Back to TopWhat is Personal Property?
Personal Property is the contents of your home and other personal belongings owned by you and family members living with you. It is all the things that you put in the moving truck if you sold your home and move away. Back to TopWhat is Medical Payments coverage?
Regardless of who is at fault, this coverage pays medical expenses for others accidentally injured on your property.
Back to TopWhat is Replacement Cost?
- Medical Payments coverage does not apply to you or members of your family who live with you.
- Like Personal Liability it also does not apply to injuries arising out of the operation of an auto or from activities involving your at-home business.
Replacement Cost is the amount it would take to replace or rebuild your home or repair damage with materials of similar kind and quality without any deduction for depreciation. Back to TopHow often should I review my policy?
Back to TopHow can I tell if I'm covered for damages caused by storms, bad weather or other severe weather?
Experts recommend you review your policy each time it comes up for renewal. Additionally, it’s a good idea to reevaluate your coverage as a result of the following situations:
- Following a home renovation
- When an occupant moves in or out
- After purchasing a high-end luxury item
Damages caused by windstorms, hail, hurricanes and tornados are covered in all homeowner's policies. However, some insurers may limit coverage of homeowners residing in hurricane prone areas. Additional coverage may be purchased for accumulating snow or ice may not otherwise be covered. Flood damage is not covered in any homeowner's policy and flood insurance must be purchased separately. Back to TopWhat's the right amount of insurance for my home?
Your Home Insurance Coverage should match the value of your home. Home owners insurance cannot cover the land your home is on, only the structure. That means that the insurance amount could be less than the purchase price or loan amount. If you insure your house for $100,000, that´s the most you will get if it is destroyed, even if it would cost more to replace it. The Declarations Page on the front of your policy shows how much coverage you have. Talk with your agent or company representative if you have any questions about your insurance limits. Back to TopI have a very valuable piece of jewelry. Is this covered by my basic policy?
If you own a item of specific value, you can add an endorsement, called Scheduled Personal Property (SPP), which acts like a mini-insurance policy on the specified and listed item or add Extended Coverage, which increases protection on jewelry, watches and furs (up to an aggregate limit for all of these items together which is specified on your policy). Both provide all-risks coverage (except for a few exclusions). Many people get extra protection on jewelry, cameras, coin and stamp collections, fine arts, furs, golfing equipment, guns, musical instruments, outboard motor boats, and silverware/goldware.Back to TopI'm building a new home. Do I need to insure it while it's under construction?
You should consider insuring your new home during construction. Otherwise you may be exposing yourself to a great deal of risk if a fire, theft or other event damages or destroys your partially completed home.Back to TopHow long should I wait for the insurance company to handle my homeowner's claim?
Most individuals with insurance claims receive contact from the insurance adjuster within 48 hours after the claim is reported. The resolution period of a claim will vary, depending upon how extensive the damage from a catastrophe. Generally, the insurance adjuster will schedule a time to meet with the homeowner and adjust the loss.Back to TopWhat damage to my house would not be covered by my homeowner's policy?
It depends on the type of policy you own. But in general, unless you buy additional coverage, you won't be compensated for losses due to floods, earthquakes, nuclear accidents, wars, intentional damage, and normal wear and tear. Other exclusions may also apply. Back to TopIf I own a condominium will the insurance policy be different than a home owner policy?
Insuring a condominium is different from insuring a house because of the way ownership is structured. A homeowner's policy covers against losses, and you can only suffer a loss if you have ownership. Because there are areas of common ownership in a condominium complex, your homeowners association may have a master policy. The extent of the coverage you buy will depend on what the master policy covers. The standard homeowner's policy for condominiums is called HO-6. It will likely cover your personal property, shield you and your family from some types of liability, plus pay to repair any portion of the unit you own under the terms of the condominium or cooperative documents.
Back to TopWho else is covered under my homeowner's policy?
In general, a homeowner's policy will have a named insured, which is usually the owner or tenant named on the deed or lease. The named insured's spouse is covered as well, even if he or she is not named on the policy declaration. Other users and residents also may be covered to a lesser extent by the personal property and liability provisions in the policy. Back to TopWhy buy renter’s insurance?
Just like homeowner's insurance, renters face risks of loss. Sure, since a renter does not own the dwelling unit, she does not risk the residence itself. As a renter, the greatest risk is damage to or loss of personal property. Renters can also be liable to third parties that are injured while at the residence. If you rent, insurance acts as a risk transfer device to protect you against a catastrophic loss. In exchange for payment of a premium, you transfer the risk of property loss and liability to third parties to an insurance company. Back to TopAm I required to let the insurance company inspect my home?
Yes. The insurer is entitled to be familiar with the property being insured. Most inspectors will call for an appointment, especially if they want to inspect the inside of your home. If an insurer issues "loss control recommendations" as a result of the inspection, you must make the necessary repairs or changes to make the property insurable and to reduce the chances of loss. If you do not comply with these recommendations, the insurer may cancel your policy.Back to TopWhy is the insurance company not returning all of my premium after the policy was cancelled?
Depending on the type of policy, you may be required to pay a minimum premium, or the premium may be fully "earned." In other instances, if you replaced your coverage with a different company, during the policy term, you may be subject to a "short-rate" penalty. You might also have some premium due for recent changes in coverage. Back to TopWhy are contents replacement cost coverage and building replacement cost coverage so important?
Replacing your home and your furnishings, clothing and other possessions could be very expensive. Contents replacement cost is a critical part of your homeowners coverage. Why? If your television is stolen, your standard homeowners policy would cover the purchase price less depreciation applied to the stolen set. Under a policy with replacement cost coverage you are covered for the cost to replace the set. You do not have to worry about depreciation or inflation. Most of your personal property may be covered. However, antiques and rare items are subject to the actual cash value provisions of the policy. Back to TopHow much does homeowners insurance cost?
The cost of homeowners insurance can vary tremendously depending on the amount of coverage you purchase and the part of the country you live in. The amount of coverage you purchase for your home can best be determined by a licensed and experienced insurance agent. They will calculate your premium based on the size and building type of your home, your liability protection needs and any endorsements or riders that need to be added to your policy.Back to Top