Personal Bundle

AUTO

Why have auto insurance?

  • Required by law
  • Protection for medical expenses for YOU and the people in YOUR vehicle
  • Protection for damage to YOUR vehicle
  • Protection for damage to other’s property in an “at fault” accident
  • Protection against lawsuits from other people after an accident
  • Required by the loan on your vehicle

What are some things I should look for on my auto policy?

  • Adequate "Bodily Injury" and “Property Damage” liability limits to protect you in accidents for which you’re at fault
  • Deductibles on “Comprehensive” and “Collision” that fit your budget
  • Uninsured/Underinsured coverage to protect YOU and the people in YOUR vehicle if someone without insurance hits you
  • Medical Payments” to cover costs/gaps from what your health insurance will pay.

How do I lower my auto insurance rate?

  • Shop local
  • Keep policies updated with correct information
  • Report your job/education
  • Bundle your policies with one carrier
  • Have good credit
  • Be a good driver

HOME

What does your Home Insurance policy do for you?

  • Protects not just your home, but its contents as well, including all the stuff you own
  • Provides liability insurance if someone injures themselves on your property and sues you
  • Provides living expenses if your home becomes uninhabitable due to a covered loss
  • Provides medical expenses if someone is inured on your property

What specifics should I look for on my home policy?

  • Dwelling – is there enough coverage to rebuild the structure?
  • Personal Property – If I had to replace everything I own (clothes, furniture, electronics, kitchen wares, etc.) with new items, would this amount be enough?
  • Replacement Cost – Will I be able to buy new items or does my policy only give me the depreciated value?
  • Loss of Use – Will this amount be adequate if I’m displaced for up to a year?
  • Personal Liability – How much protection do I want if someone sues me?
  • Do I have jewelry or art that needs to be listed specifically to make sure it’s properly covered?

How do I lower my home insurance rate?

  • Shop local
  • Keep policies updated with correct information (have you finished your basement recently?)
  • Bundle your policies with one carrier
  • Have good credit

UMBRELLA

What is an Umbrella?

  • An umbrella policy provides excess liability coverage above and beyond what is provided by your homeowners and auto insurance policies
  • Covers legal expenses if you are sued

How does an Umbrella benefit me?

  • Helps protect your assets that you’ve worked so hard to keep by providing additional liability coverage above the limits of your auto, homeowners and boat policies
  • Helps protect assets from unforeseen events, such as an at-fault car accident, or your dog bites someone
  • Increases the amount of coverage for less cost than having as high of a limit on homeowners and auto policies individually





Glossary terms

Bodily Injury: Bodily harm, sickness, or disease, including death that results therefrom.

Property Damage: Physical injury to, destruction of, or loss of use of tangible property.

Comprehensive: Also known as “Other Than Collision”. Any other cause of loss which is not defined as a collision and which is not otherwise excluded in the policy. This includes, but is not limited to the following causes of loss:

  • Missiles or falling objects
  • Fire
  • Theft or larceny
  • Explosion or Earthquake
  • Windstorm
  • Hail, water, or flood, including flash flood
  • Malicious mischief or vandalism
  • Riot or civil commotion
  • Contact with a bird or animal
  • Breakage of glass. If glass breakage is caused by a collision, the insured may elect to have it considered as a loss caused by collision.

Collision: The upset of the covered vehicle or a non-owned auto, or their impact with another vehicle or object, such as a tree.

Personal Property: Household and personal property, usual and incidental to the occupancy of the premises as a dwelling and owned by the insured or by the members of the insured’s family residing with the insured while it is on the described location. Includes all the stuff you own like clothes, furniture, electronics, kitchenwares, etc.

Replacement Cost: The policy pays the full cost to replace or repair the damaged property (not exceeding policy limits) at the time of the loss without an adjustment for depreciation. Replacement Cost of a dwelling can be very different than the market value of a home. You want to be sure you have enough coverage to rebuild/replace in the event of a total loss.

Loss of Use: This coverage pays the additional living expense incurred by the insured when an owner-occupied dwelling sustains a direct loss. Additional Living Expenses are deemed those sustained by an insured household in order to maintain its normal standard of living. Coverage can include the increased auto expense of driving a greater distance to and from work as the result of a direct loss.

Personal Liability: If a claim is made or lawsuit is brought against and insured that applies to activities and conditions on the residence premises as well as personal (non-business) activities  worldwide resulting in bodily injury or property damage to a third part arising out of the insured’s negligence the policy will:

  1. Pay up to the limit of liability for the damages for which an insured becomes legally liable, including prejudgment interest awarded against an insured;
  2. Provide a defense, at the insurer’s expense, even if the suit is groundless, false, or fraudulent. The insurer may investigate and settle any claim or suit that the insurer decides is appropriate.