FAQs

Typically, driving-related tickets and accidents where you're at fault can impact your insurance rates for approximately three years. Accidents where you're not at fault generally have a lesser effect on your premiums.

Generally, standard auto insurance policies don't provide coverage for mechanical issues. However, some insurance companies do offer separate plans specifically designed to protect against vehicle breakdowns.

Your insurance coverage usually begins at the moment you receive valid proof of insurance from your insurance provider.

Homeowners insurance is a policy that offers financial protection against accidents and damages to your home. It covers your house, personal belongings, and can provide liability protection if someone is injured on your property and decides to take legal action.

The specifics of homeowners insurance coverage depend on your policy type and terms. However, most standard policies include four main areas of coverage: structural protection for your home and other structures on your property, personal property coverage for your belongings, liability coverage for accidents on your property, and additional living expenses coverage if you're temporarily displaced due to a covered event.

While not legally mandated like auto insurance, homeowners insurance is typically required by mortgage lenders. Without it, your mortgage application may be denied, and allowing coverage to lapse could lead to serious consequences, potentially including loan default.

Homeowners insurance generally covers theft of personal property, regardless of location, after meeting applicable deductibles. However, policies often have specific limits, so it's important to review your policy details carefully.

The cost of homeowners insurance is influenced by various factors including your home's age and condition, location, your claims history, the level of coverage you choose, your deductible amount, and your home's replacement cost.

It's advisable to consult with an independent agent or your insurer's customer support team to understand your coverage details. Be aware that some insurers may note inquiries about coverage on your account, even if you don't file a claim.

Insurance companies calculate rates by evaluating risk factors such as demographic information, location, claims history, and credit history where permitted by law.