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INSURANCE Frequently Asked Questions (FAQ)
Why do I Need Insurance - See Below
Auto Insurance
Homeowners Insurance
Renters Insurance
Business Insurance
Student/Recnt Graduate Insurance
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.
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