Personal Insurance

Homeowners typically covers:

• the actual structure of your home and anything attached, like your garage
• other structures on your property
• personal possessions inside the home such as furniture, appliances, and clothing
• personal liability claims like bodily injury or personal property damage sustained by someone while at your home

Your car insurance coverage depends on the type of policy you purchase. Different types of car insurance include:

• Bodily injury (BI) and property damage (PD) liability coverage for damaged caused to other people or property.
• Personal injury protection (PIP) to cover medical expenses and other damages.
• Collision and comprehensive coverage for damage done to your vehicle in collisions, and in non-collisions (i.e., fire, vandalism, or theft).
• Uninsured and underinsured motorist (UM/UIM) coverage protects in the event of an accident where the at-fault driver doesn’t have insurance.

If you are financing or leasing your own vehicle, collision and comprehensive coverage will be required by the leasing or financing company. If you own your vehicle, these coverages are optional, but they do provide protection for your vehicle in the event of a covered accident.

Common car insurance discounts include various affiliation discounts, reduced rates for students, good driver/ no accident discounts.

You will use the vehicle owner’s insurance. For whatever costs that are left over, you will then use your insurance.

A home is typically your largest investment. In the event of a loss, home insurance will help with the cost of rebuilding your home and replacing your personal property. Your homeowners insurance gives protection against liability for accidents that injure other people or damage of their property.

Bundling policies simply means buying multiple types of insurance – such as car, motorcycle and home insurance from a single carrier. Insurers will often offer lower rates to policyholders who bundle different insurance products together.

There are two different types of mobile home insurance, replacement value and market value. If you choose to have the market value of your mobile home, then you will only be able to claim what the property is actually worth at the time you make your claim. If you want to be able to claim the full cost of what you paid for your mobile home, then you should opt for the replacement value.

Many carriers have the Dog Exclusion because of losses related to the breeds on a restricted list. Your agent will provide you the best advice.

People with established assets that they want to protect stand to lose significant amounts of money in a lawsuit. If you get sued you could lose any assets you have built up, including investments and all of your savings. However, anyone who has potential future earnings or assets may also be at risk.