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- Is the construction on your house covered at actual cash value or replacement cost value?
- Is your personal property covered at actual cash value or replacement cost value?
- Does your policy provide additional living expenses? (Additional living coverage pays for your living expenses while your damaged home is being repaired).
- Does your homeowners policy provide liability protection coverage for others?
Arm yourself with knowledge. If you need help understanding and/or determining if you have the correct policy to fit your individual needs, give our office a call. We understand insurance is complicated, that is why we have experts on hand to serve all of your insurance needs.
Auto Insurance can be costly. You've probably heard the myths out there about what lowers insurance premiums and what doesn't. Click here to learn the truth about four auto insurance myths.
When it comes to homeowners insurance, you may be well aware of how important it is, but it doesn’t make it any easier to fork over the money for the premiums every month.
There are some things that you can do to help to ease the monthly suffering and decrease the cost of your coverage by 20 percent or even more, without sacrificing the amount of coverage that you need for what is likely your most expensive investment. Click here to read these cost saving tips.
An Umbrella Insurance Policy offers additional liability insurance for claims exceeding your existing automobile or homewner's insurance policies. Umbrella insurance is sold in $1million increments and costs on average between $150-$300 a year. These fairly inexpensive policies are worth looking into to ultimately secure your financial protection. Click here to learn more about an umbrella policy.
Ever had an insurance Question but didn't know who to ask? Well, we've got the answers you've been looking for...
Items were stolen from your vehicle. They are valued at $4800.00. Under what type of policy would this loss be covered? Homeowner's Policy: Personal property is not covered by an automobile policy. Items in your vehicle are covered by a homeowner's or renter's policy under the Personal Property Coverage.
The declarations page of your auto policy states that your liability coverages are 100 300 100. What coverage does the last figure represent? Property Damage: The 100 300 is the amount that would be paid towards personal injuries of others if you were found liable in an automobile accident. The last 100 is what would be covered towards the property of others due to your liability. Comprehensive and Collision cover your own vehicle.
You own the home, but you rent it to others. What type of policy do you need? Dwelling Fire: A dwelling fire policy covers the home itself, limited contents coverage, and liability insurance. As you are renting the home to others, a homeowners policy would not be appropriate. The renter should take out a renters policy to cover their personal property against a loss.
You were in an auto accident that is not your fault. The other party either has no insurance or refuses to pay. Your insurance company pays for your damages and then has the right to go after the liable party for compensation. This is referred to as what? Subrogation
Want to learn more? Paschall Insurance Group knows insurance can be difficult to understand, that is why we are here to help simplify it all for you. Let us do what we do best so you can focus on what you do best!
