Insurance Coverage & Financial Services FAQs

Homeowners Insurance Questions

• What is homeowners insurance and who should buy this type of coverage?
• What is the difference between "actual cash value" and "replacement cost"?
• What are the policy limits (i.e., coverage limits) in the standard homeowners policy?
• Where and when is my personal property covered?
• Do I need earthquake insurance?
  What factors should I consider when purchasing homeowners insurance?
• What is the difference between an "all risks" policy and a "named perils" policy?
• What can I do to lower the cost of my homeowners insurance?
• If I have an accident which I think is covered under my homeowners policy,
  what should I do?
• Who pays for my legal defense costs if I am sued?

Automobile Insurance Questions

• Why is automobile insurance sometime referred to as a "packaged policy"?
  What are the parts of the package?
• I have an older car whose current market value is very low - do I really need to purchase automobile insurance?
• Suppose I lend my car to a friend, is he/she covered under my automobile
  insurance policy?
• What does my auto insurance policy cover when I rent a car?
• What is the difference between collision physical damage coverage and comprehensive physical damage coverage?
• What should I do if I have an accident?
• Why does the premium for my automobile insurance go up if I have an accident
  or if I get a ticket?
• How can I get insurance for my motorcycle?
• What is no-fault insurance?
• What do I gain and what do I lose by giving up my tort rights?
• I live in a state where I can pick either no-fault coverage or traditional tort coverage -
  which one should I choose?
• What factors affect the cost of my auto insurance?
• What should I consider wehn purchasing automobile insurance?
• How can I lower my auto insurance rates?

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