Auto Insurance FAQ



What is “liability only” insurance?​
“Liability only” typically refers to a minimum coverage level that is required in most states.  Liability coverage pays for damages to other people and property caused by you in an accident​





What is “full coverage” insurance?

“Full coverage” is a term that is often used to describe how much automobile insurance coverage someone has on their policy.  Although there is really no such thing as “full coverage”, that term is intended to mean that the policy has more than just Liability coverage and includes collision and comprehensive coverage.





Do I need collision and comprehensive coverage?

If you are financing or leasing your vehicle, collision and comprehensive coverage will be required by your financing or leasing company.  If you own your vehicle these coverages are optional for you but provide protection for your vehicle in the event of a covered incident.  The key things to consider are the value of your vehicle (what the insurance company will pay you in the event of a loss, minus the deductible), and the cost of collision and comprehensive coverage.





How long are SR-22 Filings Required?

This can vary by state and by severity of the offense.  The typical requirement is three years.  If you cancel your policy prior to the termination date, the Insurance Company is obligated to file an SR-26 notifying the state that you no longer have insurance





Home Insurance FAQ

What's covered by a home owners insurance policy?

A standard home owners insurance policy, also known as an HO-3 policy, generally protects your home and your personal property from damage caused by:
*Fires or lightning
*Windstorms (including hurricanes and tornadoes) or hail
*Explosions
*Riots or civil commotions
*Aircrafts
*Vehicles
*Smoke
*Theft or vandalism (sometimes called malicious mischief)
*Falling objects
*Weight of ice, snow, or sleet
*Freezing of plumbing, heating, air conditioning, or other household systems
 

Your home owners policy also provides personal liability coverage, which protects you if someone is hurt or injured by you or your family while on your property.
 

Many home insurance policies cover most damage unless something is specifically excluded. It's extremely important to read your policy thoroughly and know exactly what it covers.





What's not covered by a home insurance policy?

A standard home owners insurance policy, also known as an HO-3 policy, typically does not cover damage caused by floods or earthquakes.
Other exclusions can include:
*Earth movement (as in earthquakes and landslides)
*Water damage
*Power failure
*Neglect
*War
*Nuclear hazard
*Intentional loss
*Government action
*Collapse (your policy may include some coverage)
*Mold, fungus, or wet rot (your policy may include some coverage)
*Birds, vermin, rodents, or insects
*Wear and tear or deterioration
*Ordinance or law (your policy may include some coverage)
 

Because policies vary, it's important that you read yours thoroughly to know what is and isn't covered.