Auto Insurance

• If you let someone drive your car, you are responsible to fix your car if there is an accident.
• The State Minimum Coverage is $12,500 each person $25,000 each accident $7,500 property damage. Our agency does not feel these levels of liability are adequate.
• If you rent a car, the loss of use to the rental vehicle is not covered in some policies.
• If you hit a deer it is covered under the “Other Than Collision” category and not under your Collision coverage.
• Your auto policy will not cover you in Mexico.
• CD’s, DVD’s and mp3 players are not covered under an auto policy.

Homeowners Insurance

• Floods are not covered under your Homeowners insurance. However it is available as a seperate policy.
• Earthquake coverage is not covered by Homeowners insurance. It is available if added by endorsement to your policy.
• If you have built an addition or finished your basement, your coverage may not be adequate and a phone call to your agent is requested to correct the coverage.
• Jewelry has a limitation in a Home policy.
• Business Personal Property from a Home based business is limited to $250 away from your premises.
• Water and Sewer Back-up coverage is not covered under a Home Policy. Coverage is available by endorsement.
• Identity Theft can be added to a Home Policy.
• Co-Insurance is the situation where the client and company share in a loss because a property value is underinsured.

  Mr. Smith has current homeowners coverage on his home for $100,000 and has a $500 deductible.  The value Mr. Smith needs to properly insure his home is $172,000.  If Mr. Smith has a fire and the damage is  $17,000, Mr. Smith is going to share in the loss.  Based on the below formula, Mr. Smith would receive $9383 from his company.  The "Co-Insurance" for the $17,000 loss is $7,617.  This is why it is important to insure your home for 100% of its replacement cost.

  
  

Life Insurance and Long Term Care

• The best time to get life insurance is when you are young and healthy.
• A $100,000 term policy for a 30-year-old man who is a non-smoker is typically less than $9 per month. That same policy for smoker is $20 per month.
• Juvenile Life policies are a low cost way to ensure your Childs insurability. They are typically $35 per year for $10,000 of coverage.
• A typical day at a nursing home cost $175. Are you ready? Give us a call today for a Long Term Care Quote.

Condominium Insurance

• You may be responsible for more than you think if you have a loss. Your Condominium Association doesn’t always cover the building. Check your by laws in your condominium insurance contract. Check your Condominium by-laws under the insurance section to see your insurance responsibilities.
  

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