This damage will be covered only if that type of coverage is purchased.

Insurance carriers require that an insured party insure at least 80% of the property’s value in order to collect a partial loss in full. This is the way the insurance company encourages all insureds to adequately insure their property in relation to other insureds.

Replacement Cost is the current cost to replace property. Actual Cash Value is the replacement cost less depreciation.

There are several things you can do to lower the cost of your automobile insurance. One way is to look for competitive pricing. An independent agent works with many companies and can provide you comparative rates and insure that your are getting the same coverage. Another way to lower the cost is to change your

Comprehensive provides coverage for direct physical damage losses you could incur to your car from something like a hailstorm.

Collision is the loss you incur when your automobile collides with another vehicle or object like a telephone pole.

When you loan your car to a friend or an associate, he or she will be covered under your automobile insurance policy.

There are several things you should consider when purchasing automobile insurance that your independent agent will help you with. Here are a few: Purchase the amount of liability coverage which makes sense for you. Select the optional coverages you want. Decide which company to purchase insurance from. Don’t base your decision solely on price. Other

When “replacement cost” coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.

When “actual cash value” is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.