Insurance Policy FAQs

  • How much auto insurance is enough?
  • I have an older car whose current market value is very low. Do I really need to purchase automobile insurance?
  • What is the difference between collision physical damage coverage and comprehensive physical damage coverage?
  • What factors can affect the cost of my automobile insurance?
  • What does homeowner’s insurance cover?
  • How much home insurance is enough?
  • How can I be sure I have enough insurance?
  • What is the difference between "actual cash value" and "replacement cost"?
  • What factors should I consider when purchasing homeowners’ insurance?
  • What are some practical things I can do to lower the cost of my homeowner’s insurance?
  • What are the policy limits (i.e., coverage limits) in the standard homeowner’s policy?
  • Where and when is my personal property covered?
  • Why would I want to buy renters insurance?
  • How does a renter’s policy protect my personal property?
  • Why do some apartment complexes require tenants to have renter’s insurance?
  • What if I share my apartment with a roommate? Do we both need to have renter’s insurance?
  • What kinds of questions should I be expected to answer when I am applying for an insurance policy? Why do insurers need so much information?
  • What is a personal umbrella liability policy?
  • How do I know if I need a personal umbrella liability policy?