There are a few differences between buying insurance from an independent agency and online insurance programs. The first difference is the presence of a physical office in your area with local insurance agents. Interaction with an actual human is important to understand what kind of policy will fit your needs the best. Also, Independent insurance agencies have access to multiple carriers at the same time, that can help you to get the best possible coverage for your budget. Online Insurance Programs generally have access to only one carrier and limited in coverage options. You can find out more details by checking out the benefits of an Independent Insurance Agency over online insurance programs.

An Independent Insurance Agency has access to multiple carriers and usually offers a wider variety of available coverages. Being to work with multiple insurance companies allows an Independent Insurance Agent to compare rates from different carriers and offer a customer better value for their money. A Captive Insurance Agency is typically an office that is linked to one specific company such as StateFarm, Allstate, etc. 


An umbrella policy is also known as an excess liability or personal liability insurance. But the most important part about umbrella insurance is that it does not stand alone, rather it acts as a supplemental instrument to other insurance policies. Generally, umbrella insurance is your personal insurance coverage that kicks in when other forms of insurance payouts reach their limits.

Auto Insurance Questions

Collision and comprehensive are two types of insurance that are optional for many drivers. Comprehensive insurance covers the damage to your car that is not caused by a collision, but the out-of-control accidents. For example, theft, vandalism, or object fallen on your car, such as tree would be covered under comprehensive coverage. Collison insurance covers damage in case of collision with another vehicle or object. This coverage may include repairs or a full replacement of your covered vehicle.

If your car was damaged because of another driver’s fault, the other driver’s insurance company should pay for your rental vehicle costs for the length of repair time. If you are filing a claim with your insurance company, rental costs will be covered only if you included rental reimbursement in your policy. Most of the policies have a dollar and day limit for rental reimbursement.

Generally, auto insurance follows the car. If you give someone else permission to drive your vehicle and they get into an accident coverage will be based on policy for that vehicle. It is important to remember to disclose any drivers in the household to avoid potential complications. Another thing that you can do is to make sure your policy allows for the permissive driver if you plan to let someone else borrow your vehicle.

Bodily Injury Liability insurance helps cover medical bills against you being at fault in an accident when a third party was hurt. Medical payments is a coverage that is designated to cover medical expenses related to individuals within your car.

Rental companies offer insurance when you are picking up a vehicle. A lot of people get confused about whether they want to pay extra for the insurance, or they can use their current coverage. Well, it depends on two main factors: the coverage you have and your insurance company. Having a full coverage, meaning liability, collision and comprehensive, in most cases will cover a rental vehicle in case of an at-fault accident or a covered event. Having liability will not cover the rental car, only damages made to another vehicle or object, so you can be responsible for the damages to the rental car itself. It is also important to check with your insurance company to make sure your policy extends to the rental vehicle.  

ATV and UTV Insurance Questions

Some states do not require insurance on your ATV or UTV, but in some cases, a place where you ride it might require it. For example, a private property, state or public park will often mandate insurance on your fun vehicle. Also, it is important to understand that if the vehicle is financed, the lender will require proof of insurance. Do not forget to check if the insurance is required at the location where you plan to use your ATV or UTV.

ATV insurance is like auto insurance in many ways. There is a wide variety associated with ATVs or UTVs. Both types of vehicles possess a high level of risk for both riders and passengers, as well as people and property around them. ATV insurance is designated to cover the costs that may arise in case of an accident, such as collision or a mishap that led to injuries.

A standard ATV or UTV insurance policy only covers accidents incurred during recreational or commuting purposes, such as traveling on your property to a barn or work. A typical ATV or UTV policy will not cover any incidents that happened during organized racing. If you participate in ATV racing, you need to contact insurers that specialize in racing insurance

Homeowner's Insurance Questions

Flood damage is not covered under your homeowner’s insurance policy. Flood can be covered by a separate individual policy. If you are worried about flood damaging your home the only option to protect your house is to purchase a flood insurance policy.

Homeowner's insurance policies typically provide limited coverage for special items like jewelry, art, or collectibles. A standard policy typically covers $1,000 for jewelry, watches, and fur coats per claim not per item. Often personal articles are underinsured, and there are multiple ways to solve this issue. Endorsement or extended coverage can help increase the covered amount. A personal articles floater, on the other hand, is a separate insurance policy that can have higher limits.

Most of the apartment complexes and landlords only have insurance that covers the damage to the actual dwelling. Your belongings, in that case, are left vulnerable and unprotected. It is important to protect your belongings in case of fire, vandalism, or theft, and you can do so by having your own policy, called renter’s insurance policy. Also, it is important to understand that certain items will be covered to a limit, for example, $2,500 for electronics. So, if you have a customized computer or even an expensive set of golf clubs, you might want to add additional personal property coverage.

A home inventory is a list of personal belongings within your home, condo or apartment. This list should include as much information about the item as possible, such as make, model, and serial number if applicable. It is important to remember that special items often need a separate floater. Home inventory helps to identify the amount of compensation in case your home is damaged or destroyed in a covered claim. 

When your insured property or an item inside of it is damaged as a result of a covered incident there are two ways how compensation can be determined.  When the payout is determined based on the Actual Cash Value, the insurance carrier will take into consideration the depreciation that item accumulated over time and subtract it from the original price of the item or cost to repair it. RCV provides a little better value because it covers the cost to replace the item with a new one or pay for repairs of the items that were damaged. For more detailed information view the full article about ACV and RCV

Commercial Insurance Questions

Professional Liability and E&O cover negligence related to services provided by certified professionals. Those professionals can be sued over breaching of contract, providing subpar work, making oversight of errors, etc. If these professional mistakes cause financial loss for a client, they can try to recoup expenses through a lawsuit. That’s where professional liability / E&O insurance kicks in and may cover legal defense fees, court costs, etc.

Directors and Officers (D&O) liability help to cover costs associated with damages arising out of wrongful act allegations and lawsuits brought against the company’s board of directors and officers. It helps to make sure defense costs and awards and settlements are covered. This liability is helpful because it became more often that directors and officers could be held liable. Public, private, or nonprofit organization’s leaders are vulnerable to D&O exposure.

The main difference between E&O and D&O is the field of coverage. E&O helps cover damages associated with a company’s product or service, while D&O liability insurance helps to cover costs associated with the wrong management decisions.

COI or Certificate of insurance is a document issued by an insurance company that provides evidence that a company purchased insurance, and includes the most important information about the insurance policy. Certificate of Insurance is not a substitute for the actual insurance policy.

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