1) Does a personal automobile policy provide coverage for a vehicle I rent when I am on vacation?
A: Most Personal Automobile Policies do provide coverage for a rented vehicle for up to 30 days; some companies for up to 90 days. Coverages extended to a rented vehicle vary by state statutes and insurance company contracts. Some companies provide world wide coverage and others are restricted to the continental United States. Please contact our office or your current agent to see how these coverages would apply to your situation.
2) If water seeps into my basement during a rain storm, does my Homeowners Policy provide coverage for damages to my home and personal property?
A: Homeowners Policies specifically exclude coverage for damage caused by flood or surface water, including seepage, unless the water entered the home due to a covered peril such as lightning or wind. Flood Insurance can be purchased through any licensed insurance agent and is provided by the National Flood Insurance Program. Contact our office or your homeowners’ agent for more detailed information.
3) Does my Homeowners Policy protect me if someone gets hurt on my property?
A: Your Homeowners Policy provides you with two types of protection in the event someone gets hurt on your property. The first coverage, Medical Payments, provides incidental medical coverage on a good faith basis to injured parties whose injuries occurred while on your premises but were not caused by you or a resident relative. The second coverage, Personal Liability, provides coverage in the event someone is injured due to your negligence or the negligence of a resident relative. Please refer to your homeowner’s policy for coverage limits and exclusions.
4) If my automobile breaks down and I need to have it towed, does my automobile insurance policy provide coverage for the towing charges?
A: Some companies provide towing coverage for a vehicle that has been disabled due to a covered comprehensive or collision loss. Most companies provide towing coverage for any disablement as an elected coverage with an additional premium charged for that coverage. Please refer to your policy or ask your agent if that coverage applies.
5) I keep hearing about credit scores affecting the cost of insurance. Can you explain this to me?
A: Studies and research have concluded that credit scores have a direct correlation with the submission of claims. These studies have shown that people who efficiently manage their credit resulting in higher credit scores are less likely to file insurance claims and are thus rewarded with lower premiums. The reverse is true for those who have a negative credit history as they tend to file more claims and are charged higher premiums.
This document contains a brief overview of coverages provided by your insurance policy or policies. It is informational only, is not all-inclusive and is not an insurance policy or an insurance binder. Actual coverages afforded by any policy are controlled solely by the provisions of the policy and not by any language contained in this document.
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