We often get questions from prospective clients on the types of coverages they should purchase to protect their home, vehicles, personal property, and family members. We put together these common questions and answers for your convenience. Keep in mind that the laws vary by state and a licensed agent will need to advise you on your specific situation:
How Do I Save Money on Premiums?
The short answer is that consumers can bundle different kinds of coverages together, (i.e. home, boat, and auto). The longer answer is that you can get cheaper coverage if you have good credit, which means paying your bills on time. Most companies will give you a lower premium for paying the entire premium at once (i.e. a policy for 6 months or 12 months of coverage). They may charge a small fee for monthly installments. You can also ask for higher deductibles to have a lower premium. You can also save on a policy by owning your property outright (such as an automobile with no financing) and use the vehicle less. A car insurance company writes a policy based on how many miles that each insured driver commutes to work, etc. Be sure to ask for military discounts, Good Driver discounts, and discounts for having multiple policies with the same company.
How Much Coverage Do I Need?
This is a question that actually varies by state and by the type of vehicle or building that you are trying to insure. For example, for a Florida auto policy, you only need $10,000 personal injury protection and $10,000 property damage liability. Florida is a no-fault state, but so is New York. However, New York requires minimums of $25,000 bodily injury, $10,000 property damage, $25,000 uninsured/underinsured, and $50,000 personal injury protection. It's important to check your benefits with a licensed insurance agent.
How does renters’ insurance protect me?
Renters insurance typically provides personal property coverage. This helps cover the cost of replacing your personal belongings in the event of a fire or other unforeseen circumstances, and acts of nature. This generally applies to certain risks known as "Perils" which are described in your policy details.
Will My Teenage Driver(s) Raise My Rates?
A general rule of thumb is that the rates go up for adding each young driver. Each state has its own laws for when a child qualifies for a learner's permit (with limited driving privileges and another adult in the vehicle) and for an operator's license. Within each state, some cities and towns have more specific rules. In New York City, a person with a learner's permit can operate a vehicle only with dual brake controls. Ask for a Good Student discount for young drivers who you wish to add to your vehicle policy.
How do I know if my doctor will accept my health insurance provider network?
Individual practitioners work through specific network providers; however, we can help you find out which plans your doctor will accept in-network and find a solution a solution that works for you.
Can I choose anyone as a beneficiary on my life insurance policy?
Typically, when you purchase a life insurance policy for yourself you can name almost anyone as a beneficiary. It is assumed that if the policyholder would only choose a beneficiary with their best interest in mind who would want them to live a long healthy life. When purchasing a life insurance policy for someone else however, the beneficiary must show insurable interest.
Am I required to have a workers' compensation business insurance policy?
The short answer is yes. Although laws vary from state to state, almost every area of operation within the United States requires you to have an active Workers' compensation policy in-force for employees.
Can my trucking insurance cover the cost of spillage and roadside cleanup in the event of an accident?
You can purchase a trucking insurance policy that includes these features under many circumstances, even if it doesn't include an actual collision. It's very common to have this range of coverage in comprehensive trucking insurance plans, but it may be included in standard trucking insurance policies in certain situations. Refer to your policy details or contact us to find out how your commercial trucking insurance covers you.
What is Livery Insurance, and do I need it?
Livery Insurance is a technical term that applies specifically to commercial auto insurance / car insurance policies on vehicles that transport people. This is different from commercial trucking insurance and doesn't necessarily define company-owned cars. It is often used to cover commercial transportation vehicles like taxis or limousines. You may be required to have a commercial insurance policy on any vehicle that is used in a business to generate income from transportation services.
