FAQ's

Home Insurance FAQ

There’s a lot to know about Property Insurance. From learning how it can help protect you and your assets to deciding what coverage options are right for you.

Why do I need home insurance?
It's where you live and where your belongings are. Chances are it's your largest investment. But more than possessions and assets—it's your home—and you need to protect it.

What are my coverage options?
Whether you rent or own your home, there’s a variety of property insurance products and coverage to choose from.

First, understand which coverage elements are common among all property insurance policies:
• Personal Property: To protect movable personal property, mostly within your home. Certain coverage limits apply.
• Family Liability Protection: To pay for covered damages which you're legally obligated to pay.
• Guest Medical Protection: To pay medical expenses for your guests who are accidentally injured on your property as a result of a covered loss.
• Additional Living Expenses: To pay the reasonable increase in living expenses if your home becomes uninhabitable after a covered loss.
  
  
Second, consider which policy is right for your living situation:
• House
• Condominium
• Mobile home
• Renter
  
  
Third, personalize your policy with additional coverages such as:

• Replacement Cost Coverage: for many of your contents (subject to applicable underlying policy coverage limits).
• Scheduled Personal Property Coverage: with increased protection for your personal property including, but not limited to: jewelry, watches, furs, stamp and coin collections, fine arts, cameras, personal computers, and sports equipment.
• Increased building code coverage: for example, if your home is damaged or destroyed you'd need protection to bring it up to today's code standards as it is repaired.
• Satellite Dish Antennas coverage.
• And many more! See your Abernathy Insurance agent for more information on the Optional Coverage available.

Finally, since most Homeowners, Condominium, Mobile home, or Renters Insurance Policies don't cover a flood; find out if you're eligible for a Flood Insurance Policy.

Auto Insurance FAQ

Why do I need auto insurance?
Whether you’re buying your first car or your teenager is just about to get behind the wheel, there are plenty of reasons to purchase car insurance. You want to protect the people and things that are important to you.
Auto insurance can help:

• Safeguard your investment in your automobile
• Pay for medical expenses in case of an accident
• Provide financial protection from lawsuits
• Cover losses caused by uninsured or underinsured drivers
• Pay for damage due to theft, vandalism, or natural disasters

What are my coverage options?

• Liability Coverage: typically helps protect you for damages to others if you’re at fault in a covered accident.
• Medical Payments Coverage: typically helps provide payment for your reasonable and necessary medical treatment for bodily injury caused by a covered accident.
• Underinsured/Uninsured Motorists Coverage: typically helps protect you for covered damage caused by drivers who don’t have auto insurance or don’t carry enough auto insurance.
• Personal Injury Protection
  
  
Protect your car
• Collision Coverage: typically helps pay to repair or replace your insured car after a covered accident.
• Comprehensive Coverage: typically helps pay for covered damages to your insured car resulting from a peril other than a collision, such as theft, windstorm or flood, and glass…just to name a few.

Life Insurance FAQ

Why do I need life insurance?
There are many reasons for buying life insurance. If you’re the primary wage earner in the family, life insurance is a good way to help provide your family with a stable financial future.

While it’s difficult to face our own mortality, planning for it can ease the burden our loved ones will face later. Purchasing life insurance can help make a difficult situation easier by providing death benefits for:

• unpaid medical bills
• income replacement for survivors
• final expenses like burial costs
• unplanned or emergency expenses
• future education funds for your children

Remember, you can also use some life insurance products:

• to help you establish an estate plan
• as a component to your savings strategy
• for retirement income
• even to pay for estate taxes

What should I consider?
Every person has a different idea of what financial security means. If something should happen to you, how much money would your family need? You should consider:

• your current debt
• expenses your family can expect to pay after your death
• your family’s future needs

A general rule of thumb to calculate your life insurance needs is to multiply your annual salary by seven.

1. What is "Uninsured Motorist" coverage?
   This is your protection against someone getting in an accident with you who does not have insurance.
   
   
2. How do I choose the right coverage for me and my family?
   As income increases your insurance needs will change. Your exposure to lawsuits due to some measure of negligence on your part or your family requires coverage to protect your hard earned assest. Specfic amounts depends on your tolerance for risk as well as actual annual earnings as well as assests. Sitting down with an agent can give you the specifics.



3. Why should I choose your company instead of the "big name" firms?
   While price and ease of use is high on everyone's priority list, having an agent you can trust might be higher. The time of crisis is a time your agent earns the trust of his client.