1) Why are our prices very affordable and competitive?
The reason our prices are affordable and competitive is that we are an Independent Insurance Agency; meaning that we can shop among a vast selection of insurance companies to obtain the best coverage at the best price with highly reputable insurance companies.
2) How much does the medical exam cost when I buy life insurance?
There is no cost to you; the life insurance provider pays all the fees for the medical exam.
3) What is workers compensation?
This coverage is used to comply with state laws. Under this requirement, an employee can be compensated if he or she is injured while working for you, regardless of whose fault.
4) Why is it important to buy renters insurance and How to buy it?
It is important to buy renters insurance because a landlord’s home policy will not cover tenants’ possessions or any liabilities they might incur. Before buying renter’s insurance take inventory of what you own. Make an itemized list of all of your belongings along with a price estimate, serial number, receipt and purchase date for each item. Such inventory will ensure that you purchase the right coverage for yourself.
5) I rent out my basement. Are my tenants covered by my homeowner’s policy?
NO. Your property and the structure are covered by your policy as well as your personal liability; however, the tenants’ possessions and liability are not covered by your policy. Therefore, they may wish to purchase their own renter’s insurance.
6) What is general liability insurance and when should you use it?
General Liability Insurance is a contractual relationship between a contractor and insurance carrier to reimburse a third party for property damages or personal injury losses caused by the contractor.
When you own a business or work for yourself general liability is a necessity. This type of policy provides coverage for your business if an individual or another business claims your company or your employee was negligent and responsible for bodily injuries, property damage, financial loss, personal injury or advertising injury. General Liability insurance has become an essential safeguard against litigations that could ruin your business. It is always good to check with your insurance agent for more details.
7) What is SR-22, when do I need it, and for how long?
SR-22 or Financial Responsibility Insurance is a method used by the Secretary of State to monitor the insurance of individuals who have certain traffic violations. SR-22 is actually a certificate of insurance filed by the home office of an insurance company directly to the Secretary of State; otherwise it is like most other auto insurance policies.
The most common reason an SR-22 filing is requested is due to a driver’s lack of auto insurance as mandated by state law. Other reasons you might need SR-22 are: having a license suspension or revoked license, repeat traffic violations or compiling too many tickets in a short period of time, at –fault accidents while driving without insurance, or any serious moving violation including DUI or DWI. Generally, you are required to maintain an SR-22 policy for at least 3 years.