Cunningham Insurance Agency, Inc.

Carrying a greater deductible is one option to purchase more coverage for less money, or to reduce your monthly premium. You can also think that a larger deductible makes sense if you think the likelihood of filing a claim is low enough to justify taking on additional financial risk.

Depending on the kind of coverage you have, yes. However, in general, you won't be paid for losses brought on by war, earthquakes, nuclear accidents, floods, intentional damage, or normal wear and tear unless you purchase supplementary coverage. There could be more exclusions.

Purchasing a home can involve a significant financial, time, and energy commitment. In addition to providing liability protection for the occupants, homeowners insurance is intended to safeguard that investment by covering the real structure or structures, as well as the personal belongings within and surrounding them. If your home and belongings are damaged or destroyed, homeowner's insurance can shield you and your family from suffering significant losses. You're probably obligated to have homeowner's insurance if you have a mortgage on your house.

To increase the limits of coverage for particular things, you can buy extra coverage either with a separate policy or as an endorsement to your current one.

If, following a theft or accident, the insurance company determines that your vehicle is "totaled," it indicates that the estimated cost of repairs surpasses the vehicle's market worth. At this point, you should get a check for the value of your car from the insurance provider. Your car will remain in its possession until you arrange to have it purchased "as is".

You will file a third-party claim with the at-fault driver's insurance company if you were not at fault in the collision. Usually, the insurance company will give you the money directly because you are the claimant. Both the repair shop and, if you have a car loan, the lender are your obligations. If the other driver lacks insurance, your uninsured motorist policy will come into play.

You may have to wait if your automobile is taken. Most insurance providers will need you to wait to find out if the authorities can retrieve your vehicle. You should get a settlement shortly if your automobile is still missing after the waiting period, which is typically 21 days. Before determining what to do, the insurance company will request to receive a repair estimate if your automobile is retrieved during the waiting time.