Personal Insurance
- Auto Insurance
- Home Owners’ Insurance
- Renters Insurance
- Boat Insurance
- Life Insurance
- Health Insurance
- Annuities
Business Insurance
- Business Owner’s Policy
- Commercial Auto Insurance
- Restaurant Insurance
- General Liability & Property
- Employee Benefits Plans
Other Services
FAQs
What is included in my Homeowner’s Insurance policy? What should I keep in mind before buying a policy?
Your homeowner’s insurance covers your house, permanent fixtures and fittings, garden walls, gates, fence, pool, and your personal belongings.
Can I increase or decrease the amount of insurance on personal items in my home?
Your personal property coverage usually reflects 50 percent of your home insurance coverage. It may be increased or decreased, depending upon state requirements.
Can I lower my home insurance premium?
Yes, you can lower your homeowner insurance premium by asking for discounts on your current policy, holding multiple insurance policies with your insurance carrier, and raising your deductible.
What happens to me if I drive without auto insurance?
If you are involved in an auto accident and found to be driving without car insurance or proof of financial responsibility, you will be subject to penalties specific to the laws of your state. That could include a fine, or even loss of driving privileges. If you are uninsured and in an accident that involves property damage or injuries to people, you will be required to pay on your own for any damages assessed by a court.
What do I do if I meet with a car accident?
First, you need to notify the police. You should also exchange information with the other driver(s) involved in the accident. Next, you should immediately contact your insurance company, and do what the insurance company advises you to do.
What is Term Insurance and how does it differ from Life Assurance?
There are two main types of life insurance policy. Term Insurance pays out a sum if the holder dies during the fixed period of the policy. Life Assurance also offers a lump sum payout to dependents should the policy holder die during the period of the policy, but if he/she survives that period then he/she will receive the payment. Life Assurance is also seen as an important investment option. The payments for Life Assurance are greater than Term Insurance.
Why do different people pay different levels of premium?
The amount you pay depends on the level of risk you provide to your insurer. The price you pay for life insurance depends mainly on your age, health, lifestyle, and occupation. So if you are older, have health problems and smoke, and happen to work in a dangerous environment, you will have to pay more for life insurance than someone who is younger, healthier, a non-smoker, and in a low risk occupation.
What is Limited-pay Insurance?
Limited-pay life insurance is a type of insurance where all the premiums are paid over a specified period after which no additional premiums are due to keep the policy alive.
Are the proceeds of life insurance policy taxable?
Generally they aren’t subject to income taxes. However, they may be subject to estate taxes such as inheritance tax. Please check with your financial advisor.
How long after filing an insurance claim do you receive the payment?
You should expect to receive forms and information in 5 to 10 days. Once the Death Certificate and forms have been returned, payment is usually issued within two weeks.