Frequently Asked Questions
Auto Insurance Questions
Whose insurance pays if I borrow someone's car?
The car owner's policy usually pays first in an accident.
What is the difference between actual cash value and replacement cost?
Replacement cost pays to buy a new item at current prices without depreciation; actual cash value subtracts depreciation for age and wear.
Do I need gap coverage?
Gap coverage pays the difference between what your car is worth and what you still owe on your loan if the car is totaled.
What do comprehensive and collision cover?
Collision covers damage to your car from an accident; comprehensive covers non-collision events like theft, fire, or animal strikes.
What is uninsured/underinsured motorist (UM) ?
UM is an optional auto insurance in Florida that pays for your medical bills, lost wages, and pain and suffering when an at-fault driver has no insurance. Underinsured (UIM) coverage is when the at-fault driver has insurance, but their limits are too low to cover all your medical bills.
Homeowners and Renters Insurance Questions
Does homeowners insurance cover floods or earthquakes?
Standard home policies exclude floods and earthquakes, which require separate policies or endorsements.
What is the difference between renters and landlord insurance?
Landlord insurance only covers the building structure; renters insurance covers personal property and personal liability for a tenant.
How is my home's rebuilding cost calculated?
It is based on current local construction costs, not market value