Personal Lines – Frequently Asked Questions Why should I buy insurance if I am only renting? Renters insurance protects your possessions and helps with living expenses in the event of a loss such as fire, theft, wind or vandalism. If you are responsible for a fire to your rental unit, you may also need liability protection. What if a pipe bursts or a spark ignites a blaze and you have to temporarily move to a motel and your personal belongings are ruined? What if thieves find the unlocked door and steal your possessions? The Landlord policy will not provide coverage for your belongings. Would you be able to replace everything you own or pay for the damage you may have caused to the building? Is the jewelry I recently inherited from my grandmother covered if stolen or lost? Homeowner policies provide limited coverage that can be expanded for jewelry if lost, misplaced or stolen. Be sure to check your policy for exact limits. In order for your jewelry, guns, fine arts and collectables to be covered for its full value without a deductible, it must be scheduled and might require an appraisal. Do I need to buy coverage for my unlicensed ATV's? Because some ATV's are not licensed for the road, you might assume insurance coverage is not needed or required but you might be wrong. There are a couple things to keep in mind: - ATVs have a high theft rate
- Your homeowner's insurance will not cover your ATV if you ride it off your property or if you trailer your ATV to another location
- Your state may require liability insurance on ATV's
- If you use your ATV in a state-owned or public park, ATV insurance is required
Can I get insurance for my wedding or the retirement party we are hosting for my dad? Weddings and other special celebrations are joyous occasions that require a great deal of time to plan and can stretch one's financial limits. Special event insurance can protect against the unanticipated, providing a way to recoup some of your dollars if: - Venue declares bankruptcy and is out of business just before the big day and the deposit is lost
- Attire purchased or rented for the honorees is lost or stolen
- Alcohol related suits are brought as a result of intoxicated guests
- Gifts are damaged while on display at the event
- Photographer's photos are lost or damaged
- Bands or DJs are a no show and the deposit is lost
- Spoiled food or damaged cake causes sickness or can't be served
- Postponement of the event is required due to family illnesses, untimely deaths, and travel delays
Do I need Identity Fraud coverage? Yes – Identity fraud is the fastest growing white-collar crime in America. No one is immune to identity fraud. The restoration process of your good name, financial and medical history, and credit worthiness can be both time-consuming and expensive. |