Insurance

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Frequently Asked Questions

Learn some of the basics of Insurance

Do you need auto insurance?

Most states have laws that require drivers to have at least some auto liability insurance.  These laws were created so that victims of auto accidents can receive compensation from those that caused the accident.

What affects the cost of auto insurance?

There are many factors that can influence how much you pay for auto insurance.  Some of these include the following:

  • Your automobile
  • Your driving record
  • Marital Status
  • Age
  • Location
What does homeowners insurance cover?

Homeowners insurance takes care of the property of the insured, as well as personal liability for the insured.

How much life insurance should you get?

A standard rule is that you should get the amount of 6 to 8 times your annual earnings in life insurance.  Other factors should also be looked at including income sources outside of your salary, dependents and your marriage status.