Learning Center
I need insurance…now what?!
We know insurance can be confusing at times and that’s why we have made this learning center available to assist you. We hope this provides a better understanding of insurance and the types of coverage you should choose when buying insurance for your auto, home, business, and life.
When shopping for auto insurance, you’ll want to make sure you get the right coverages for your vehicle and persons. Not all coverages are equal and a good understanding of what each coverage will pay for in case of an accident is important and will help you make the best decision when purchasing auto insurance. The coverages are listed here and are explained in more detail on the Auto Insurance page.
- BI/PD Liability
- Comprehensive
- Collision
- UM/UIM Coverage
- Medical Payments
- Rental Reimbursement
- Towing and Labor
Whether you own your house or rent, it is important to secure adequate coverage for your dwelling and possessions in case of loss. Without adequate coverage, you and your loved ones could be homeless in the event of an accident that destroys your home. There are many coverages to choose from when securing homeowner’s insurance. Here is a list, which is explained in more detail on the Homeowners Insurance page.
- Coverage for your dwelling
- Coverage for your personal property
- Liability Protection
- Loss-of-Use Coverage
In addition to the types of coverage you should know about, the level of coverage is important when choosing adequate insurance.
- Actual Cash Value
- Replacement Cost
- Guaranteed or Extended Replacement Cost
You should secure coverage for the structure of your home, your possessions inside your home, and also any buildings on your property such as sheds, garages and carports. Plants, shrubs and trees may also be covered under your homeowners insurance policy. If you rent the home you live in, you need to secure adequate Renter’s Insurance that covers your personal belongings.
Business Owner Policies (BOPs) are insurance policies that group many different types of coverage into one package. Many small and mid-size businesses choose to purchase a BOP rather than buying multiple individual coverages, which also can be done. These individual coverages are listed below and explained in more detail on the Business Insurance page.
- Property Insurance
- Business Interruption Insurance
- Liability Protection
Coverage in addition to a BOP that should be considered include:
- Commercial Auto
- Home-Based Business
- Extra Expense Insurance
Long Term Care insurance is a good way to ensure that retirement savings and inheritance are not exhausted on costly living expenses if the need arises for assisted living arrangements or home health care. Learn how Long Term Care Insurance can work for you on the Long Term Care page.