Personal Insurance Lines

Auto Insurance

Auto insurance protects against financial loss in the event, you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and your insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage:

Property coverage pays for damage to or theft of your car.

Liability coverage pays for your legal responsibility to others for bodily injury or property damage.

Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverage’s. If you're financing a car, your lender or bank may also have requirements. Most auto policies are for six months to a year. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium. Contact your insurance company for a complete list of all auto insurance coverage’s that could be available to you.

Boat and Watercraft Insurance

Most insurance companies provide limited coverage for property damage for small boats such as canoes and small sail boats or small power boats with less than 25 mile per hour horse power under a homeowners or renters insurance policy. Coverage is usually about $1,000 or 10 percent of the home's property value and generally includes the boat, motor and trailer combined. Liability coverage is typically not included–but it can be added as an endorsement to a homeowners policy. Check with your insurance company to find out if your boat is covered and what the limits are.

Larger and faster boats such as yachts, and personal watercraft such as jet skis and wave runners require a separate boat insurance policy. The size, type and value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.

For physical loss or damage, coverage includes the hull, machinery, fittings, furnishings and permanently attached equipment as part of either an actual cash value policy or on an agreed amount value basis. These policies also provide broader liability protection than a homeowners policy. But there are distinct differences between the two types of policies.

Actual Cash Value policies pay for replacement costs less depreciation at the time of the loss. In the event of a total loss, used boat pricing guides and other resources are used to determine the vessel’s approximate market value. Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.

Agreed Amount Value basis policies mean that you and your insurer have agreed on the value of your vessel and in the event of a total loss you will be paid that amount. Agreed Amount Value policies also replace old items for new in the event of a partial loss, without any deduction for depreciation.

Boat insurance also covers:
Bodily injury—for injuries caused to another person
Property damage—for damage caused to someone else’s property
Guest passenger liability—for any legal expenses incurred by someone using the boat with the owner’s permission
Medical payments—for injuries to the boat owner and other passengers
Theft

Motorcycle Insurance

Choosing the right motorcycle insurance is much like choosing the right motorcycle. You want it to fit your needs and lifestyle, but at the same time be within your budget. Although most states require you to carry a minimum amount of liability coverage, other types of coverage are usually optional. Always ask your insurance agent or company representative which laws apply in your state.

In order to find out what coverage’s are best for you, it is important to contact your insurance company.

Motor Home Insurance

Most motor home owners like to insure their motor home under their current auto policy. But all too often, most motor home owners do not read the fine lines in what and what is not covered in their auto policy. In most cases, just having the coverage of an auto policy is simply not enough. In order to insure that the motor home owner has adequate coverage for their motor home, they would need to purchase a separate policy to their current auto policy or a policy that is specified just for motor homes. Contact your insurance company for further inquiries of this type of insurance.