FAQ

AUTO

1. What do we mean by liability and liability limits? Liability covers bodily injury and property damage to others when the accident or loss is due to the insured's negligence. Liability limits are per person, per occurrence for both bodily injury and property damage, and per property damage. For example $50,000/$100,000/$50,000.

2. What is medical payments coverage? This covers necessary medical and funeral expenses for the insured, his or her family members and others in the insured auto. Typical medical coverage runs from $1,000 to $10,000.

3. What is other than collision coverage (comprehensive)? This protects against almost all accidental damage, with the exception of coverage provided under collision. Coverage includes fire, theft, hail, water, flood, vandalism, glass breakage and collision with birds or animals (deer).

4. What is collision coverage? Collision coverage protects against damage done to the covered or non-owned auto by impact with another vehicle, impact with an object or by rolling the car over.

HOME

1. How is the insurable value of my home determined? The value of your home is determined by a cost estimator. A cost estimator is a tool agencies and companies use to find out the correct value to insure your home using a number of variables. The variables include such things as age of home, square feet, siding, roof material, number of bathrooms, basement, attached garage, etc…

2. What other things can I cover under my homeowners policy? Personal property such as boats, jet-skies, ATVs, jewelry and guns are just a few things that can be added to your homeowners policy through an endorsement.

3. Am I covered for a flood or earthquake on my homeowners policy in Nebraska? No. Coverage does not apply to loss due to floods, surface waters, or waves. Also coverage does not apply to loss due to earthquakes, including the land shock waves or earth movement from the quake. In order for land to qualify for National Flood Insurance, the community in which it is located must meet certain requirements.

4. What is the difference between replacement cost and actual cash value (ACV)? Replacement cost is the total cost to replace your home or roof if there was a total loss. ACV is the replacement cost minus depreciation. For example if your house was destroyed by a fire and it was insured for $100,000 with replacement cost, you would receive $100,000 to replace your home. If the same home was destroyed by a fire and the family carried ACV, they would receive $100,000 - $30,000(depreciation) = $70,000.

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