FAQ – Home
What’s the best way to inventory my belongings?
Keep detailed records of personal property including receipts, serial numbers, appraisals and the name and addresses of appraisers with these descriptions. The Insurance Information Institute, a non-profit organization, offers free online inventory software, and free online storage of your data, find it here.
• Don’t forget to inventory what’s in your closets, attic and basement.
• Videotape or photograph your inventory.
• Take a photograph with your closet door open to indicate the quantity of your clothes.
• Keep your inventory up-to-date.
Does homeowners insurance protect me if someone gets hurt on my property?
Typically homeowner’s insurance covers your liabilities if a guest falls and requires medical care. The amount of liability coverage is determined by your policy limits.
Am I required to carry homeowners insurance?
Unlike auto insurance you are not required by law to have homeowners insurance by your mortgage company may require it.
If I rent can I still get coverage?
Yes. Renters can purchase policies very similar to homeowners that cover personal property, liability, medical expenses etc., the renters policy simply does not cover the actual dwelling.
What is not covered by typical homeowner’s insurance?
There is a wide variety of damages, conditions, and costs that are not covered by homeowner’s insurance. For example:
• Your claim exceeds your maximum stated coverage amount.
• You have flood damage.
• You have losses related to business activities in your home and you do not carry incidental business insurance.
• Your claim is covered by other insurance.
• Someone else who is intentionally insured under your policy caused your claim.
FAQ Auto Insurance
What happens when I loan my car to someone? Is that person covered by my policy? Am I still covered?
Yes. Liability and coverage for physical damage (i.e., comprehensive and collision) follows your car. If a friend borrows your car and has an accident, you’re still protected against the cost of damages or injuries. And, if the driver of your car is insured, his/her policy may also be available to cover the cost of damages and injuries. It is the same for you if you borrow someone else’s vehicle. Your own insurance follows you no matter whose car you are driving. But the vehicle owner’s policy is the primary coverage if you have an accident.
Why are rates different for different cars, even if the cars cost the same?
Vehicles are grouped into categories according to the statistics of those types of cars being damaged, vandalized or stolen. Insurers generally consider the size and type of vehicle, as well as the value and the cost of repairs (which can vary greatly, even on vehicles that cost roughly the same).
Safety is key when buying an automobile! Some cars are considered safer than others because of their performance record in safety tests and real accidents. It helps to research insurance coverage before you buy your car.
What is No-Fault Insurance?
No-fault does away with the concept of one party or the other being at fault. It eliminates lengthy lawsuits and so helps to helps keep rates down. Florida is a no-fault state.
How can I Lower my Rates?
Insurers generally offer discounts for:
- Safety Features—Anti-lock brakes, air bags and passive restraint systems (i.e., automatic seat belts).
- Defensive Driving—Clean violation record, driver’s education courses for teenagers and defensive driving or accident prevention courses for adults (insurance discounts for the latter are required in some states).
- Security Systems—Alarms, electronic locks and disabling devices.
- Changing Driving Habits—Commuting by public transit, using a company vehicle for work-related travel and car-pooling.
- Formal Agreements Not to Drink and Drive—The availability of a discount for signing such an agreement varies among insurers and states.
- Buying Homeowners and Auto Policies from the Same Company—If you own a home and an automobile and you are insured by two different companies, check into the cost of carrying both policies by one insurer. Your agent can give you guidance as to which insurers offer discounts.
You can also lower your insurance rates by requesting higher deductibles (the amount of money you pay before you make a claim). Increasing your deductibles on collision and comprehensive coverage from $100 to $250, or even $500, will bring your rates down. Moreover, you may not need collision and comprehensive coverage if you drive an older car.