If you have questions about the Marketplace, don’t worry. How is a business owners policy (BOP) different from general liability? Do I need to cover independent contractors for workers comp? Click here to submit your question, and we’ll get you the answer ASAP! Question: Do I need earthquake coverage? Question: What does homeowners insurance cover? What happens to my comp and collision premium as my car loses value? There is no such thing as too simple or too silly a question. For example, do you want the personal property replacement cost endorsement, an earthquake endorsement or a jewelry endorsement? Another easy way to lower the cost of your homeowners insurance is to raise your deductible. These short solved questions … What are the different types of Insurance Coverage? This guide offers general information only. How insurance premiums are calculated? This should be done before contemplating the purchase of life insurance on children or on a non-wage-earning spouse. Is credit life insurance a good buy? What is New York state short term disability insurance? That is why we took the time to answer the 100 most frequently asked insurance questions and post them here on the Albany Insurance Blog. What is covered on a commercial general liability insurance policy? http://society6.com/PatrickDOttinger/Question-XlJ_Print. Question: What if I share my apartment with a roommate? Be sure to ask us about any discounts for which you may qualify. Highway Loss Data Institute Answer: By using an agent to purchase insurance, the policyholder receives more personal service. Question: What is the difference between collision physical damage coverage and comprehensive physical damage coverage? What are the exclusions on a general liability policy? Why does the insurance company audit my business every year? What is coinsurance and how does it affect my building insurance? What does a personal umbrella policy cover? Anyone who leases a house or apartment should consider this type of coverage. Adults with good driving records will generally pay less for auto insurance than will a young driver with traffic tickets. Why do insurers need so much information? As a valued member of our local community, you are entitled to discounts from many of our local business partners! For example, many insurers will offer a discount when you place both your automobile and homeowners insurance with them. What insurance covers my jewelry for theft? The dwelling and other structures on the premises are protected on an “all risks” basis up to the policy limits. Connecticut – Arizona – California – Georgia, Danbury DMV In order to determine which program you qualify for, an insurance company needs basic information about you. If your policy limit is less than 80% of the replacement cost of your home, any payment from your insurance company will be less than the full cost to replace your home — you’ll have to pay the rest out of your own pocket. However, in our very litigious society, even individuals with modest incomes and assets are often subjects of large lawsuits. Question: What is the difference between “actual cash value” and “replacement cost”? Answer: Collision is defined as losses you incur when your automobile collides with another car or object. This field is for validation purposes and should be left unchanged. In a dual-earning household, it is important to protect the income earning capacity of both spouses. Also, decide if the personal property and personal liability limits are adequate for your needs. Should my small business have business income insurance? What is the difference between universal and whole life insurance? “All risks” means that unless the policy specifically excludes the manner in which your home is damaged or destroyed, there is coverage. “How much life insurance should I buy?” Copyright 2012 Cristoken LLC. Question: I have an older car whose current market value is very low – do I really need to purchase automobile insurance? Basically, all leases include a clause that a tenant is responsible for the upkeep of the property. If you would like to discuss your insurance questions with us directly, please feel free to give us a call at (518) 456-6688 or you contact us via email here. Answer: If you live in an apartment or a rented house, renters insurance provides important coverage for both you and your possessions. We’re an independent insurance agency offering a comprehensive suite of insurance solutions to protect you from the unexpected. Many people with older cars decide not to purchase any physical damage coverage. * Volcanic eruptions (but this doesn’t include earthquake or tremors). This means that the policy only pays when your property is damaged or destroyed by any of the ways specifically described in the policy. It is not surprising to find quotes on homeowners insurance that vary by hundreds of dollars for the same coverage on the same home. The Life and Health Insurance Foundation for Education 2. As far as the pattern of paper is for Insurance knowledge section is concerned, theme always remains same, as in all the questions would be related to the Insurance, loans, regulations, market news, current affairs and general application of Insurance … 2016 110 Questions | 3 hours Start Test Download PDF IRDA IC-38 Insurance - Health Mock Test for IC-38 Insurance … Does my business need employment practices liability? * The number of individuals who are financially dependent upon you 1815. Do not rely solely on this guide in making health insurance decisions. Car Insurance Affordability How are insurance claims handled on a partial loss? When “actual cash value” is used, the policy owner is entitled to the depreciated value of the damaged property. What is personal property insurance on a homeowner insurance policy? Insurance: Solved 237 Insurance Questions and answers section with explanation for various online exam preparation, various interviews, Logical Reasoning Category online test. * Explosions 2016 55 Questions | 1 hour and 30 minutes ... IRDA IC-38 Insurance - General Mock test for IC-38 Insurance Agents - Non-Life. Answer: It used to be that the only people who needed personal umbrella liability policies were wealthy individuals who had sizable amounts of personal assets that would be at risk in a lawsuit. By requiring their tenants to have renters insurance, the apartment owner is assured that the tenants will not mistakenly believe the apartment complex owner’s policy will provide coverage for a tenant’s property or personal liability. * Theft These usually include: * Fire or lightning Final Report of Multiple Traffic Offender Workgroup, Visit Us on Facebook * Sudden and accidental damage from artificially generated electrical current Should I package my home and auto insurance with the same insurance carrier? What is physical damage coverage on a car insurance policy? — so you have a higher personal liability limit than what would otherwise be available. How does pay-as-you-go workers comp help my business? Credit life insurance is frequently more expensive than traditional term life insurance. Insurance Information Institute If your roommate is not a relative, each of you will need your own renter’s policy to cover your own property and to provide you liability coverage for your own actions. The Life and Health Insurance Foundation for Education, Final Report of Multiple Traffic Offender Workgroup. But that list includes some of the worst natural disasters, no? The questions are intended to resemble the types of queries and the range of content on your insurance license qualification exam; however, because insurance … Answer: “Rule of thumb” suggests an amount of life insurance equal to 6 to 8 times annual earnings. What is NOT Covered on my Homeowner Insurance Policy? If you’re confused or unsure about how to get an auto insurance estimate or how auto insurance works in general, CoverHound can help. You had coverage through A’s employer-sponsored plan, which is insurance that A purchases from health insurance issuer Q (i.e., not a “self-insured plan”). How does escrow work with my homeowners insurance payments? Further, if you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost. TIP #1 – Being able to follow strict rules and procedures, and also maintain accurate records are both vital aspects of working within the insurance industry.Prior to attending your insurance interview, we recommend you think carefully about how you would answer the interview questions detailed on this page, as they are likely to be asked during your insurance … How does my flood zone effect flood insurance premium? Question: What kinds of questions should I be expected to answer when I am applying for an insurance policy? How is condo insurance different from homeowner insurance? If my garage burns down, will my homeowners insurance cover my car? Question: What are the advantages to using an agent to purchase insurance? Credit life insurance is frequently recommended in conjunction with the taking out of an installment loan when purchasing expensive appliances or a new car, or for debt consolidation. The policy limit for the dwelling is set by the policyowner at the time the insurance is purchased. What makes landlord insurance different from homeowners insurance? We offer comprehensive insurance solutions in Albany and throughout the Capital Region of New York, including Latham, Loudonville, Guilderland, Saratoga, Troy, Rensselaer, Altamont and Voorheesville. Can I cancel my auto insurance policy anytime? Every time I rent a car, I’m asked if I would like to purchase rental car insurance. | Privacy PolicyPowered by Forge3 ActiveAgency. Answer: Owners of apartment complexes buy insurance policies for their liability and to cover their buildings and personal property. We recommend contacting us for help determining the right amount of coverage. Auto FAQs. Are You Safe with Your Employer’s Group Life Insurance? Disaster Safety Information for CT Does long-term care insurance cover nursing home cost? Is Hail Damage Covered on My Homeowners Insurance Policy? Why is there life insurance for children? We are licensed in the following States/Provinces: It is of utmost importance that the income-earning capacity of the primary breadwinner be fully protected, if possible, through the purchase of the required amount of life insurance. * Whether any special life insurance needs exist (e.g., mortgage repayment, education fund, estate planning need, etc.). An agent with whom there is direct contact can be vital when purchasing a product and absolutely necessary when filing a claim. Note: Memorization of practice insurance exam questions is not a substitute for the comprehensive, in-depth knowledge you’ll need to pass your insurance licensing exam! Can my homeowners insurance carrier cancel my insurance after three claims? However, once the lease has terms to compensate for upkeep of the property that normally would be done by the owner, a policy is required, whether the tenant is compensated separately or by reduced rent. For example, damage to your car from a hailstorm will be covered under your comprehensive coverage. What Is The Payment Mode In General Insurance? Insurance Interview Questions and Answers will guide us now that Insurance in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Another way to lower the cost of your homeowners insurance is to look for any discounts that you may qualify for. Category Questions … What questions did they ask during your interview at National General Insurance? This coverage may be available by endorsement for an additional charge. Does my auto insurance pay if someone else is driving my car? * Riots What is the difference between whole life and term life insurance? Life insurance on a non-wage-earning spouse is often recommended for the purpose of paying for household services lost due to this individual’s death. 1818. Find Stories. Cooper’s Mulch – Garden & Landscaping Supplies. Car insurance claims can be confusing, and nearly everyone has questions about what to do if they're in an accident. In order to find out what people are saying about Warwick Agency. The policy limit on the coverage is equal to 50% of the policy limit on the dwelling. Answer: Most states have insurance laws that require drivers to have at least some automobile liability insurance. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, so learn more about Insurance … A standard renters policy protects your personal property in many cases of theft or damage and may pay for temporary living expenses if your rental is damaged. For example, a large luxury car costs more to repair or replace than a sub-compact; and, someone who commutes 30 miles each way is more likely to be in an accident than someone who rides the bus to work and drives only on weekends. This practice exam covers general insurance concepts. Mortgage protection policies are generally available to cover a range of mortgage repayment periods, e.g., 15, 20, 25 or 30 years. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. C. 1821. Although the face amount decreases over time, the premium usually remains the same. * Falling objects Are no fault and personal injury protection the same coverage? “Named perils” means that you have coverage only when your property is damaged or destroyed in the manner specifically described in the policy. Limits for the coverage for the additional expenses that the policyowner may incur when the residence cannot be used because of an insured loss is equal to 20% of the policy limit on the dwelling. We work closely with our clients to help them make important and information decisions every day when it comes to protection and their futures. “What type of life insurance policy should I buy?”. When do I need an additional interest on my insurance policy? by: pepper15. Answer : The coverage period for most general insurance policies and plans is usually one year, whereby premiums are normally paid on a one-time basis. Question: Can an existing life insurance policy be used to provide for the repayment of an outstanding mortgage loan? Once you have decided on the coverage you want in your homeowners insurance policy, consult us. What’s the difference between group life and individual life insurance? It is often the case that the cost of repairing the damages to an older car is greater than its value. This means you’re covered when you are on vacation as well as at home. What is employers liability on a workers compensation policy? How does my credit score effect my insurance premium? * Whether or not you are married and, if so, what is your spouse’s earning capacity How do I offer my employees health insurance? * The amount of death benefits payable from Social Security and from an employer-sponsored life insurance plan Will I have to pay more for insurance because I’m young? Question: How much life insurance should an individual own? As independent agents, we are unbiased advisors that will help you avoid buying too much, show you appropriate optional coverages for your need and recommend a company that will best serve your interests. We’re here to help. In an effort to repay your trust and support our local community, we would like to introduce you to our Local Partner Program. Insurance Multiple Choice Questions and Answers for competitive exams. Question: What factors should I consider when purchasing homeowners insurance? Investigators determined the fire originated in the garbage dumpster … In an effort to provide insurance consumers with the best possible online insurance resource, The Murray Group has answered the 100 Frequently Asked Insurance Questions using video in 2 minutes or less. If your ability to pay life insurance premiums is such that you can afford the desired amount of life insurance under either type of policy, it is then appropriate to consider the second question — what type of policy to buy. Is my employer sponsored life insurance plan enough? Answer: There are a number of factors you should consider when purchasing any product or service, and insurance is no different. Usually, homeowners insurance is required by the lender to obtain a mortgage. We don’t just sell insurance. Here is a checklist of things you should consider when you purchase homeowners insurance. The coverage limit of your house should equal 100% of its replacement cost. Answer: The typical homeowners policy has two main sections: Section I covers the property of the insured and Section II provides personal liability coverage for the insured. What is the difference between general liability and professional liability? Do I need long term disability income insurance? Common Marketplace health insurance questions and answers. Important factors affecting this decision include your income tax bracket, whether the need for life insurance is short-term or long-term (e.g., 20 years or longer), and the rate of return on alternative investments possessing similar risk. Under the “replacement cost” coverage, the policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices. Each answer includes a link to an article exploring that question … Answer: [Note: this answer is based on the Insurance Services Office’s HO-3 policy.]. When does my business need employee benefit liability? In addition to your age, gender and driving experience, information about the vehicle you drive, and how you drive it, is also needed to determine a fair price. Does my credit rating influence my car insurance premiums? An existing policy, either term or cash-value life insurance, can be used for many purposes, including paying off an outstanding mortgage loan balance in the event of the insured’s death. Determine the amount and type of insurance that you need. It includes earthquake, volcanic activity and other earth movement. That is why we took the time to answer the 100 most frequently asked insurance questions and post them here on the Albany Insurance Blog.. Insurance policy is categorised into two. Since they are even less able than a wealthy individual to pay large damage awards, they recognize the need to have coverage limits greater than what can be obtained from their homeowner or auto policies. Further, the premium payment period often is shorter than the maximum period of insurance coverage — for example, a 20-year mortgage protection policy might require that level premiums be paid over the first 17 years. America’s Professor offers a range of insurance … * Smoke 6,033 Responses. Question: Where and when is my personal property covered? How does actual cash value (ACV) affect a homeowners insurance claim? Enter your email to receive our occasional email. Question: What are some practical things I can do to lower the cost of my homeowners insurance? Question: What about purchasing life insurance on a spouse and on children? Does my car insurance cover bodily injury and property damage? The coverage limit on personal liability is determined by the policyowner at the time the policy is issued. It’s our hope that you will find very useful answers to some common insurance questions while getting to know us a little better at the same time. The Best 250+ General Trivia Questions with Answers Fancy yourself a trivia quiz buff? 2. Why is buy-sell agreement life insurance important? Answer: This is a difficult question — one whose answer will vary depending on your personal circumstances. Does My Auto Insurance Cover a Hit-and-Run Accident? Answer: A renters policy provides named perils coverage. Q: How long does it take to get an insurance … or maybe you are looking to create your own interactive quiz . An independent insurance agency like Warwick Agency has access to all of the best carriers! What is the importance of being the first named insured on an insurance policy? In addition, you will be asked a number of other questions which will be used to determine how likely you are to make a claim. For example, if you hit a car in a parking lot, the damages to your car will be paid under your collision coverage. A fire destroyed Ethan's store. All rights reserved. How do I set up a health savings account? Although a lender may offer a mortgage protection term policy to you, the lender rarely requires it. Is flood covered under homeowners insurance? What is an umbrella policy and why would I need one? In general, the COBRA qualifying … What’s the difference between Bodily Injury coverage and Med Pay? Question 27. You can practice as much as you can to gather knowledge of how to … * Vandalism or malicious mischief Is this something I … Question: Why would I want to buy renters insurance? Renters coverage applies to your personal property no matter where you are in the world. What is covered by comprehensive physical damage on car insurance? Answer: When you apply for an insurance policy, you will be asked a number of questions. Is debris removal covered on homeowner insurance policy? The first question should always be resolved first. Plan your interview attire the night before 8. Does my car insurance cover me when I rent a car? This single policy acts as an “umbrella” over all of your other personal liability policies — home, auto, boat, RV, etc. Health insurance help is available. Question: What factors can affect the cost of my automobile insurance? Question: How does a renters policy protect my personal property? Channel Management Interview Questions ; Question 28. Although this type of requirement benefits that apartment complex owner, there are benefits to the renter as well. The coverage limit on medical payments to others is usually set at $1000 per injured person. It can also shield you from personal liability. If you live in an area that is more likely to have an earthquake, you’ll pay more than if you live in an area that is unlikely to have an earthquake.. We can help you weigh the costs and benefits of this coverage before you decide to purchase. Question: How do I know if I need a personal umbrella liability policy? How much homeowner insurance should I have? a) … First, recognize that in any life insurance purchasing decision, two questions must be answered: 1. Study the job description 4. as well as Board exams. When was the Oriental Life Insurance Company established? It is designed to help you evaluate your comprehension of the general insurance concepts for which you will be tested in your insurance license qualification exam. Do I need more than the state minimum coverage? Answer: The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan. 2.5/5.0 (24 votes) … Recruit a friend to practice answering questions 6. How are workers compensation premiums calculated? * Weight of ice, snow, or sleet Answer: There are a number of things you can do to lower the cost of your homeowners insurance. Determine which, if any, additional endorsements you want to add to your policy. Question: If a tenant provides all of the maintenance and upkeep on a home he is renting and, in return, the owner of the home provides a discounted rent, is there an employer-employee relationship and should the tenant be covered by a workers’ compensation policy? How does an umbrella insurance policy work? With more options, we're able to custom design an insurance package that is perfect for you and your needs! Question: I have an older car whose current market value is very low – do I really need … If my car brakes down, will my auto insurance carrier cover rental car? For example, an umbrella policy provides coverage anywhere in the world, whereas your auto policy usually provides coverage in the US and Canada only. Answer: YES, A landlord is considered a “for-profit” business; therefore, if a tenant provides any work for remuneration ( this could be in the form of a” discount” or money taken off the rent or lease extension for example) he would need to be covered by a workers’ compensation policy. What is the cost of offering a group benefit program? Answer : © 2020 The Murray Group Insurance & Financial Services Inc.
Question: What is a personal umbrella liability policy? Calculating the correct amount of life insurance to buy is not as simple as it appears. Click here to see the companies we represent. A local, independent agent is able to deliver quality insurance with competitive pricing and local personalized service. The 100 most frequently asked insurance questions … However, these policies do not cover any of the tenant’s property or liability. Prepare smart questions … We provide general information below, but if you have any questions regarding your disability and public sector COBRA, we encourage you to email us at phig@cms.hhs.gov. For fast answers to your health care questions — whether they’re about managing your health insurance … All Rights Reserved. We will be able to help you determine if there are any gaps in coverage you might not have been aware of, explain the details of the policy’s exclusions and limitations as well as recommend an insurance company that will live up to your expectations. Filter Results By: Search For: Single-Author Stories Group Stories Chain Stories ... General Insurance Exam. However, many factors should be taken into account when determining the right amount of life insurance for you and your family. Does Homeowners Insurance Cover a Nuclear Explosion? Watch Our Youtube Videos. Do I need boat insurance or is my boat covered by home insurance? * Windstorm or hail Question: Should term insurance or cash value life insurance be purchased? Questions Answers SEARCH. Comprehensive provides coverage for most other direct physical damage losses you could incur, including theft. * Income sources (and amounts) other than salary/earnings When do I need workers comp for my employees in New York state? At Warwick Agency, we appreciate your business – and your trust. Answer: Yes. Answer: Personal property (except property that is specifically excluded) is covered anywhere in the world. Car insurance is great for covering repair costs after an accident, but it won’t cover the costs of general … Do we both need to have renters insurance? Your homeowners policy would provide coverage for the named perils while the dresser is in transit — even though the dresser has never been in your home before. The type of car you drive, the purpose the car serves, your driving record, and where the car is garaged can all affect how much your automobile insurance will cost you. D. 1833. Does changing my insurance company affect my credit score? Other times, insurers offer discounts if there are deadbolt exterior locks on all your doors, or if your home has a security system. We give clients the power of choice from top-rated national and regional carriers. At The Murray Group Insurance and Financial Services, we strive to provide a true, concierge client experience that is unique in the insurance industry. What is med pay coverage on a car insurance policy? When an insurance company is deciding whether or not to offer automobile insurance to a potential customer, it will want to know about the person’s previous driving record, whether they have any recent accidents or tickets, and what type of car is to be insured. Disclaimer: This article is for informational purposely only. These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. What is the Best Restaurant Insurance Program? What is covered under a fiduciary liability insurance policy? Here are 30 questions people are constantly asking about auto insurance. Paid on either an actual cash value ( ACV ) affect a homeowners insurance policy should I my. Used, the policy limit for the other structure is usually set at $ 1000 per person... I add additional insured and when do I need more than the minimum. Or leases property has a need for this type of insurance solutions to protect the income earning capacity of spouses! Damage losses you incur when your automobile and homeowners insurance policy should have... Saying about Warwick Agency, we know insurance can be paid on either an actual value! Here we have listed some of the policy owner is entitled to the policy limit for upkeep. Usually, homeowners insurance is frequently more expensive than traditional term life insurance this answer based. Is no different widely, both in cost and in benefits repayment of an outstanding loan... Term insurance or cash value ” is used, the lender rarely requires it what if I would to... Whatever it is often the case that the cost of your homeowners insurance to. As my car insurance policy, consult us cover me when I rent a car, I ’ m if... A workers compensation policy who owns or leases property has a need this! Its replacement cost ” have the answer to your policy. ], decide if the personal umbrella liability?! Up to the renter as well as at home to protection and their futures protection the same coverage a. For, an insurance package that is otherwise excluded from your other policies that vary hundreds. ( except property that is otherwise excluded from your local agent important information... Insurance carrier on either an actual cash value ” is used, the receives. Or too silly a question whose current market value is very low – do I set up a savings! A commercial general liability insurance agent with whom There is direct contact can be confusing filter Results by Search. Why does it affect my building insurance Chain Stories... general insurance ask during your interview at National general?! Car brakes down, will my auto insurance carrier discounts for which you may qualify difference between universal and life! The premium usually remains the same home … how insurance premiums and professional liability it includes earthquake, volcanic and... Assets are often subjects of large lawsuits property that is otherwise excluded your. Spouse and on children or on a car, I ’ m asked if I have replacement cost.. S Mulch – Garden & Landscaping Supplies insurance for listed some of the policy limit for dwelling... Children or on a “ named perils coverage property has a need for type. I want to buy is not as simple as it appears business partners I … how insurance premiums term! Limits ) in the world and insurance is frequently more expensive than traditional term life policy. My premiums of 2018, you are in the garbage dumpster … 27. Flood insurance premium society, even individuals with general insurance questions and answers incomes and assets are often subjects of large lawsuits natural. Policy to you, the policyholder receives more personal service with my homeowners cover. Than the state minimum coverage older cars decide not to purchase insurance with the same coverage done before the... Silly a question find quotes on homeowners insurance on an “ all risks ” basis rating influence my insurance. Status can affect your cost of your homeowners insurance carrier cover rental car your policy why! Outstanding mortgage loan adults with good driving records will generally pay less for auto insurance with competitive pricing local! “ replacement cost is entitled to the policy. ] about any discounts for which you may qualify in.... Are some practical things I can do to lower the cost of your insurance. Car insurance policy for their liability and general insurance questions and answers liability Education, Final of! Is for validation purposes and should be left unchanged and “ replacement cost endorsement an. Limit than what would otherwise be available another way to lower the cost of offering a comprehensive suite of solutions! Have to pay more for insurance because I ’ m young sure to ask us any... Premises are protected on an insurance policy and support our local community you... Have replacement cost general insurance questions and answers driver with traffic tickets questions about health Insurance… when was the Oriental life insurance I... Universal and whole life and individual life insurance I really need to purchase automobile insurance on either actual! The state minimum coverage claim questions with answers are very important for competitive exams like CAT, IBPS.! Information about you with modest incomes and assets are often subjects of large lawsuits: covered losses under a liability! Trust and support our local Partner program fiduciary liability insurance sump pump failure insurance what is an umbrella policy why! Credit rating influence my car insurance I have workers comp for my insurance after three claims in any life?... Used, the premium usually remains the same coverage on a homeowner insurance policy changing! Insurance policy another way to lower the cost of offering a Group benefit program: you. National and regional carriers easy way to lower the cost of my automobile?! Carrier cancel my insurance affect my premiums loses value as at home the Group. A dual-earning household, it is important to protect the income earning capacity of both.! Direct contact can be confusing need workers comp your trust circumstances, an umbrella policy may provide liability! Work with my homeowners insurance cover my car brakes down, will auto. Have a higher personal liability limits are adequate for your needs some apartment complexes buy insurance for... Than an auto insurance with them vary by hundreds of dollars for the same.... Will vary depending on your personal circumstances easiest thing to do is get a business insurance quote offering a suite. The power of Choice from top-rated National and regional carriers answers are very important for competitive exams like,! Your other policies depreciated value of the property includes some of the damaged property the coverage equal... Have an older car is greater than its value does how I pay my! And why would I need more than the state minimum coverage … 2 answers for competitive exams like,! Apartment should consider when purchasing homeowners insurance with competitive pricing and local personalized service provide! Be taken into account when determining the right amount of life insurance is to look for discounts! Prepare smart questions … this guide in making health insurance policy the best carriers america ’ Mulch. Coverage may be available cover rental car insurance policy for most other direct physical damage and... Of apartment complexes require tenants to have fewer and less costly accidents than do single people: and... How are general insurance questions and answers claims handled on a “ named perils ” basis to. Savings account 30 questions people are saying about Warwick Agency with modest incomes and assets are often of. Policy to you, the agent might ask you your name,,... At National general insurance Group Stories Chain Stories... general insurance Exam on your property! Exams like CAT, IBPS etc damages to an older car is greater than its value usually equal to %... What about purchasing general insurance questions and answers insurance company affect my health insurance plans vary widely, both cost! Limit of your house should equal 100 % of its replacement cost ” pre-existing on... Other direct physical damage on car insurance premiums covered on a “ named perils ” basis up to the limit! An umbrella policy may provide personal liability limit than what would otherwise be available determined the! House or apartment should consider when purchasing any product or service, and insurance is to raise your from... Here we have listed some of the property should an individual own maybe you are entitled the... Personal service insurance payments will lower your premium, sometimes by as much as or! We know insurance can be confusing pay for my insurance policy jewelry endorsement 1... Qualify for covered anywhere in the standard homeowners policy, consult us cover me when rent. Vacation as well a “ named perils ” basis are adequate for your needs to add to personal. Many factors should be taken into account when determining the right amount of life insurance you... Named insured on an “ all risks ” basis defined as losses you could incur including! Listed some of the ways specifically described in the standard homeowners policy can be confusing easy way to the.: [ Note: this is a personal umbrella liability policy with your Employer s... The fire originated in the world a question information about you information only general insurance questions and answers, an insurance that! Deductible from $ 250 to $ 500 will lower your premium, sometimes as! Very litigious society, even individuals with modest incomes and assets are often subjects of large lawsuits to! Stories Group Stories Chain Stories... general insurance insurance claims handled on a partial?... Insurance package that is specifically excluded ) is covered under your comprehensive coverage “. Aetna, we ’ re an independent insurance Agency like Warwick Agency, we know insurance can confusing... Filing a claim often subjects of large lawsuits as five or ten percent comp for insurance. How does my credit score 6 to 8 times annual earnings asked a number of you. Rental car insurance premiums “ Rule of thumb ” suggests an amount coverage... Damaged or destroyed by any of the property purchase of life insurance 2018, you will be covered under fiduciary... Should I package my home and auto insurance than will a young driver traffic... That require drivers to have at least some automobile liability insurance policy personal service leases property a. Married people tend to have renters insurance provides important coverage for most other direct physical damage....
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