Consumer Tips
Alarm Discounts
Alarm systems provide us with peace of mind, but they also enable our customers to receive premium reductions.
Home alarm discounts are available. Companies require a copy of the Certificate of Installation or Billing Notice showing that the alarm is a monitored alarm system.
Discounts for vehicle alarm systems are also available and they reduce premiums.
Condo Insurance
What does Condo Insurance Cover?
Items not covered by the association master policy that may be your insurance responsibility.
The value of building additions or alterations made by you, at your expense.
Value added (If you've put in a better quality carpet than was originally there, for example, this coverage would make up the difference in case of loss).
Damage to your unit not compensated because of the master policy deductible.
In other instances, the condominium/association does not insure the structure. In this situation, a homeowner's policy would be written for the unit owner, just as it would be for an insured person with a conventional home
Your Personal Property Coverage
Because you have a large investment in your personal property, you need enough coverage to compensate you if you suffer a covered loss.
Your condominium unit owners policy will protect your personal property against loss or damage from a number of specified causes, such as:
Fire or lightning
Weight of ice, snow or sleet
Windstorm or hail
Theft
Accidental discharge or overflow of water
Explosion
Riot or civil commotion
Accidental eruption of hot water heating system
Aircraft
Vehicle damage
Freezing
Smoke damage
Artificially generated electrical current
Vandalism or malicious mischief
Falling objects
Your personal property is covered against these kinds of losses both at your residence and any other location worldwide, subject to some restrictions. For example, theft from another residence you own, if you are not temporarily residing there at the time, is not covered.
Deductibles
Your policy will include a deductible -- the amount of a covered loss you must pay before insurance payments begin.
With a $250 deductible, for example, you pay the first $250 of each covered loss. Higher deductibles such as $500, $1,000 or more are also available.
By increasing your deductible, you can lower your premium. When choosing a deductible, you must decide how much you would be willing and able to pay up front, and out-of-pocket before the insurance began to pay.
Please remember condo policies do not include Flood coverage. Flood Insurance is an additional policy.
Higher Deductibles
In addition, you may be able to lower your premiums with higher deductibles.
Higher deductibles lower your premium but increase the amount you must pay out of your own pocket if a covered loss occurs.
What is a deductible?
A deductible is the part of a covered loss that you have agreed to pay with your own money.
When choosing a deductible, you must decide how much you would be willing and able to pay out-of-pocket, if you ever had to file a claim.
Typically, higher deductibles mean lower premiums.
How much are you willing to pay out-of-your pocket to save on premium?
More auto insurance discounts...
Are you eligible for an insurance discount?
New Vehicle Safety -This discount can include such features as anti-lock brakes and airbags for both driver and passenger.
Accident Free
Defensive Driving-area colleges offer 55 and Alive Courses. Times, dates and locations appear in the loca newspapers.
Good Driving or Safe Driver -For those drivers who do not have tickets or accidents on their record.
Driver Training- With young drivers they can receive a discount if proof is submitted showing a Driver Training Program was completed.
Multi-Car Discounts
Do you own more than one vehicle?
Multi-Car discounts are available for customers who insure more than one vehicle on their policy.
Why do I need Renters Insurance?
"The landlord's insurance covers me."
Your landlord's insurance generally only covers the building where you live - not your personal belongings and your liability.
"I don't need personal liability insurance."
Your landlord's policy most likely does not include liability for something that happens in your rented residence. You could be held responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere. Without liability coverage, your current and future earnings could be at risk. Renters insurance may also provide legal defense costs.
"I don't own very much."
Most people's belongings are often worth more than they think. That's one reason why you need Renters Insurance.
Renters insurance is for anyone who rents a home, be it a house or an apartment.
Renters insurance can protect your personal property against fire, theft and vandalism.
Renters insurance doesn't just help provide coverage for everyday necessities like furniture and clothes. It also helps protect theft-prone valuables like your laptop and bike - wherever you take them.
Young Drivers
A Good Student Discount Can Reduce Your Premium!
Young drivers can qualify for a good student discount if they possess a GPA of 3.0 or higher.
Companies require a copy of the young driver's most recent report card.