Frequently Asked Questions
Below are some of our frequently asked questions. If you have any other
questions or concerns, please feel free to contact us.
- Why do I need to buy insurance?
- How does where I live affect my premium?
Why do I need to buy insurance?Protects your assets against attachment as a result of a court award.
Provides for cost of defense when you are sued.
Allows you to purchase such high value items as a car or a home by insuring the collateral on behalf of the financial institution that lent you the money.
Provides financial security for your family in the event of your death.
Provides for the health care of you and your family through systematic payments.
Allows you to save for retirement while deferring interest payments to a time when your income is lower, thus reducing your tax payments.
Allows you to remain financially solvent when you're ill and can't work.
What factors affect the insurance premiums I pay?
Claims activity including such costs as medical care, auto body repair, construction, legal defense, jury awards, claims adjustment, and insurance fraud.
Overhead including rent, utilities, employee salaries and benefits, office supplies, equipment, and furniture.
Investment income.Back to TopHow does where I live affect my premium?
Where you keep your car directly affects your chances of having an accident or becoming a victim of theft or vandalism. The likelihood of encountering these problems increases in larger, more densely populated cities, while such incidents remain relatively low in rural areas.
Additionally, the time and efficiency of police response and law enforcement, local road and traffic conditions, and the quality of local medical services can affect regional insurance rates. Some insurers even factor in the litigation rates in a given area (how many lawsuits are filed, go to trial, out of court settlements, and their amountsBack to Top