Frequently Asked Questions

General Insurance FAQ's

Q: What kinds of questions should I be expected to answer when I am applying for an insurance policy? Why do insurers need so much information?
Q: What are the advantages to using an agent to purchase insurance?

Auto Insurance FAQ's

Q: What should I consider when purchasing automobile insurance?
Q: What are some practical things I can do to lower my automobile insurance rates?
Q: I have an older car whose current market value is very low - do I really need to purchase automobile?
Q: Suppose I lend my car to a friend, is he/she covered under my automobile insurance policy?
Q: What is the difference between collision physical damage coverage and comprehensive physical damage coverage?
Q: What factors can affect the cost of my automobile insurance?

Homeowner Insurance FAQ's

Q: What is homeowners insurance and who should buy this type of coverage?
Q: What is the difference between "actual cash value" and "replacement cost"?
Q: What factors should I consider when purchasing homeowners insurance?
Q: What are some practical things I can do to lower the cost of my homeowners insurance?
Q: What are the policy limits (i.e., coverage limits) in the standard homeowners policy?
Q: Where and when is my personal property covered?
Q: Do I need earthquake coverage? How can I get it?
Q: Do I need Flood Coverage?

Business Insurance General FAQ's

Q: What is fire legal coverage?
Q: What is the difference between Replacement Cost (RC) and Actual Cash Value (ACV)?
Q: What does 80% co-insurance mean?
Q: Does my policy cover physical damage to a vehicle I rent?
Q: Can other people drive my business vehicle?
Q: How does an audit work?
Q: Why do I need certificates of insurance from sub-contractors?
Q: What is General Liability?
Q: What does Products/Completed Operations mean?
Q: What is Business Interruption/Extra Expense coverage?
Q: What is the difference between "Named Insured", "First Named Insured" and "Additional Insured?"

Business Property Insurance FAQ's

Q: What is a peril?
Q: What is Business Income Coverage (Time Element)?
Q: Should I purchase special coverage for my computer equipment?
Q: What is co-insurance?

Business General Liability FAQ's

Q: What is a third party claim?
Q: Does my General Liability Policy provide coverage if my company is sued for pollution?
Q: Does my General Liability Policy provide Liquor Liability Coverage?
Q: What is Fire Legal Liability coverage?
Q: Will my liability insurance cover me if I am sued in another country?
Q: What is the difference between Employee Benefits Liability Coverage and a Fiduciary Bond?
Q: What is an Umbrella Policy?
Q: When do I need to purchase Workers' Compensation Insurance?
Q: What should be included in the remuneration?

Health Insurance FAQ's

Q: What is HMO Health Insurance?
Q: What is Open Access HMO Insurance?
Q: What is POS Health Insurance?
Q: What is PPO Health Insurance?
Q: What are Health Savings accounts?

Life Insurance FAQ’s

Q: What is Term Life Insurance?
Q: What is Whole Life Insurance?
Q: What is Universal Life Insurance?
Q: What is Impaired Risk Life Insurance?
Q: What is Return of Premium Term?

Disability Insurance FAQ’s

Q: What is Short Term Disability?
Q: What is Long Term Disability?

Dental Insurance FAQ’s

Q: What is Dental HMO Insurance?
Q: What is Dental PPO Insurance?
Q: What is Dental Indemnity Insurance?

Supplemental Insurance FAQ

Q: Group Supplemental Insurance

Employee Services FAQ’s

Q: What is a Section 125 “cafeteria” Plan?
Q: What are Cobra Services?
Q: Who handles Billing and Claims issues?
Q: What are Employee Benefits statements?

Renters Insurance FAQ's

Q: Why would I want to buy renters insurance?
Q: How does a renters policy protect my personal property?
Q: Why do some apartment complexes require tenants to have renters insurance?
Q: What if I share my apartment with a roommate? Do we both need to have renters insurance?

Umbrella Liability FAQ's

Q: What is a personal umbrella liability policy?
Q: How do I know if I need a personal umbrella liability policy?

General Insurance FAQ's

Question: What kinds of questions should I be expected to answer when I am applying for an insurance policy? Why do insurers need so much information?
Answer: When you apply for an insurance policy, you will be asked a number of questions. For example, the agent might ask you your name, age, gender, address, etc. In addition, you will be asked a number of other questions which will be used to determine how likely you are to make a claim.

When an insurance company is deciding whether or not to offer automobile insurance to a potential customer, it will want to know about the person's previous driving record, whether they have any recent accidents or tickets, and what type of car is to be insured.

Insurance companies have different programs for different customers. Adults with good driving records will generally pay less for auto insurance than will a young driver with traffic tickets. In order to determine which program you qualify for, an insurance company needs basic information about you.

In addition to your age, gender and driving experience, information about the vehicle you drive, and how you drive it, is also needed to determine a fair price. For example, a large luxury car costs more to repair or replace than a sub-compact; and, someone who commutes 30 miles each way is more likely to be in an accident than someone who rides the bus to work and drives only on weekends.

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Question: What are the advantages to using an agent to purchase insurance?
Answer: By using an agent to purchase insurance, the policyholder receives more personal service. An agent with whom there is direct contact can be vital when purchasing a product and absolutely necessary when filing a claim. A local, independent agent is able to deliver quality insurance with competitive pricing and local personalized service.

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