Nat'l Flood Ins Program Info This should be done before contemplating the purchase of life insurance on children or on a non-wage-earning spouse. What Are The Main Products Which Are Included In General Insurance? What is the cost of offering a group benefit program? Further, the premium payment period often is shorter than the maximum period of insurance coverage — for example, a 20-year mortgage protection policy might require that level premiums be paid over the first 17 years. Question: What is the difference between “actual cash value” and “replacement cost”? This field is for validation purposes and should be left unchanged. Answer: There are a number of factors you should consider when purchasing any product or service, and insurance is no different. We will be able to help you determine if there are any gaps in coverage you might not have been aware of, explain the details of the policy’s exclusions and limitations as well as recommend an insurance company that will live up to your expectations. For fast answers to your health care questions — whether they’re about managing your health insurance … Filter Results By: Search For: Single-Author Stories Group Stories Chain Stories ... General Insurance Exam. Answer: The personal umbrella liability policy is designed to increase your liability protection. What is an umbrella policy and why would I need one? The Murray Group Insurance & Financial Services. Answer: When you apply for an insurance policy, you will be asked a number of questions. It is of utmost importance that the income-earning capacity of the primary breadwinner be fully protected, if possible, through the purchase of the required amount of life insurance. The type of car you drive, the purpose the car serves, your driving record, and where the car is garaged can all affect how much your automobile insurance will cost you. Another easy way to lower the cost of your homeowners insurance is to raise your deductible. Practice your answers to common interview questions 3. How much homeowner insurance should I have? Question: Should term insurance or cash value life insurance be purchased? How does an umbrella insurance policy work? If you have questions about the Marketplace, don’t worry. When do I need workers comp for my employees in New York state? What is the difference between comp and collision coverage? At The Murray Group, we know insurance can be confusing. If you live in an area that is more likely to have an earthquake, you’ll pay more than if you live in an area that is unlikely to have an earthquake.. We can help you weigh the costs and benefits of this coverage before you decide to purchase. Be prepared with examples of your work 7. If my car brakes down, will my auto insurance carrier cover rental car? Common Marketplace health insurance questions and answers. It includes earthquake, volcanic activity and other earth movement. 2.5/5.0 (24 votes) … Here we have listed some of the most common car insurance claim questions with quickie answers. Question: How do I know if I need a personal umbrella liability policy? As a valued member of our local community, you are entitled to discounts from many of our local business partners! Can an employee sue my business if I have workers comp? Once you have decided on the coverage you want in your homeowners insurance policy, consult us. Statistics show that married people tend to have fewer and less costly accidents than do single people. Find Stories. However, many factors should be taken into account when determining the right amount of life insurance for you and your family. In an effort to provide insurance consumers with the best possible online insurance resource, The Murray Group has answered the 100 Frequently Asked Insurance Questions using video in 2 minutes or less. We offer comprehensive insurance solutions in Albany and throughout the Capital Region of New York, including Latham, Loudonville, Guilderland, Saratoga, Troy, Rensselaer, Altamont and Voorheesville. We give clients the power of choice from top-rated national and regional carriers. Health insurance plans vary widely, both in cost and in benefits. Also, decide if the personal property and personal liability limits are adequate for your needs. What is personal property insurance on a homeowner insurance policy? How are insurance claims handled on a partial loss? * Riots How does my loss ratio affect business insurance premiums? Answer: It used to be that the only people who needed personal umbrella liability policies were wealthy individuals who had sizable amounts of personal assets that would be at risk in a lawsuit. Do we both need to have renters insurance? Does my auto insurance pay if someone else is driving my car? C. 1821. Why is there life insurance for children? as well as Board exams. Well, if you live in an area that's … For example, damage to your car from a hailstorm will be covered under your comprehensive coverage. Answer: Personal property (except property that is specifically excluded) is covered anywhere in the world. Timely News from FEMA Prepare smart questions … Does my business need employment practices liability? Why is buy-sell agreement life insurance important? How does my flood zone effect flood insurance premium? Question: What are some practical things I can do to lower the cost of my homeowners insurance? Channel Management Interview Questions ; Question 28. Can my homeowners insurance carrier cancel my insurance after three claims? The first question should always be resolved first. Answer questions using the STAR method 5. Question: What kinds of questions should I be expected to answer when I am applying for an insurance policy? Your homeowners policy would provide coverage for the named perils while the dresser is in transit — even though the dresser has never been in your home before. * Income sources (and amounts) other than salary/earnings Do I need to cover independent contractors for workers comp? For example, suppose that while traveling, you purchased a dresser and you want to ship it home. The policy limit for the other structure is usually equal to 10% of the policy limit for the dwelling. Enter your email to receive our occasional email. Question: How much life insurance should an individual own? We don’t just sell insurance. * Theft In these cases, your insurer will usually just “total” the car and give you a check for the car’s market value less the deductible. Is debris removal covered on homeowner insurance policy? Are no fault and personal injury protection the same coverage? Watch Our Youtube Videos. That is why we took the time to answer the 100 most frequently asked insurance questions and post them here on the Albany Insurance Blog. Do not rely solely on this guide in making health insurance decisions. What happens to my comp and collision premium as my car loses value? Such thing as too simple or too silly a question Warwick Agency has access to of... But that list includes some of the most common car insurance cover Bodily injury and property?... Disclaimer: this is a checklist of things you can do to the! Protect the income earning capacity of both spouses, There are a number of things should... 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