Premier Insurance Services Wisconsin
Elkhorn Office: 262-741-3020  •  Racine Office: 262-884-6570  •  Map / Directions
Elkhorn, WI Insurance Home
Racine, WI Insurance About Us
Elkhorn, WI Insurance Personal Protection
  Auto Insurance
  Home Owners Insurance
  Recreational Vehicle Coverage
  Why Premier Auto & Home?
  Personal Insurance FAQ’s
Racine, WI Insurance Business Protection
Elkhorn, WI Insurance Health / Life Insurance
Elkhorn, WI Insurance Videos
Racine, WI Insurance Contact Us
   
 


Frequently Asked Questions: Auto & Home

Auto FAQs:

   1. How much protection should I buy?
   2. What deductible should I carry?
   3. Will my rate increase if I have an accident?
   4. Should I carry comprehensive and collision insurance on my older vehicle?
   5. Should I purchase Original Equipment Part (OEM) coverage?
   6. What is uninsured and underinsured motorist's protection?

Home FAQs:

   1. What are the basic coverages provided to me with a home insurance policy?
   2. Is my computer covered by my homeowners insurance policy?
   3. Is my baseball card collection covered by my insurance policy?
   4. Will my insurance policy cover tools in my shed if they are stolen or damaged?
   5. Will my insurance company cover damage caused by flood?
   6. I've got antiques & fine arts in my home. What kind of coverage protects them?
   7. I have a very valuable piece of jewelry. Is this covered by my basic policy?
   8. I run a business from my home. What type of insurance protection does my
       homeowner policy provide me with?

   9. I have a freezer full of meat in my basement. If the power goes out, am I covered?
  10. I have a very expensive wardrobe. Do I need additional protection?
  11. My car has been broken into and my skis were stolen! Does homeowners policy
       cover this?

1. How much protection should I buy?
You want to have enough protection in place to make sure that any physical damage to other's property will be covered, as well as any medical expenses due to injuries. There are many options. Speak with a Premier agent to discuss your need.

» Back to top of page

2. What deductible should I carry?
You want to select a deductible that will fit into your personal budget. If you increase your deductible, it will reduce your premium.

» Back to top of page

3. Will my rate increase if I have an accident?
Premier represents many of the top auto insurance companies available in the country. Some of the companies and plans do not increase your rate if you have an accident and others do. We will be happy to provide you with that information when you receive a quote.

» Back to top of page

4. Should I carry comprehensive and collision insurance on my older vehicle?
It is advisable to have one vehicle with comprehensive and collision coverage. If you occasionally drive another individual's vehicle, your own comprehensive and collision coverage extends to you on the non-owned vehicle on an excess basis over their insurance.

» Back to top of page

5. Should I purchase Original Equipment Part (OEM) coverage?
It usually costs between $10 and $20 a year to have OEM coverage added to your policy. This means that even though used parts are available, the repair shop will put new parts into your vehicle.

» Back to top of page

6. What is uninsured and underinsured motorist's protection?
Uninsured motorist means that if you get hit by a person that does not have any insurance your own insurance policy will take care of you.

Underinsured motorist will pay for any of your remaining medical bills after the person who hit you has paid out all of their insurance coverage available from their policy.

» Back to top of page

1. What are the basic coverages provided to me with a home insurance policy?
Homeowners insurance is one means to protect your financial investment in your home. Homeowners insurance is designed to pay for damages to your home and its contents, and it can protect you from financial liability if someone is injured on your property. If you take the time now to understand how homeowners insurance works, you'll be prepared to fend off financial misfortune. A basic homeowners policy covers perils, which are specifically named risks such as lightning, theft, fire, smoke, wind and explosion. With this type of policy, any risk that is not mentioned specifically in your policy is not covered. You can also purchase special policies that cover the house for all perils except those explicitly excluded by the policy, such as pet damage.

» Back to top of page

2. Is my computer covered by my homeowners insurance policy? What about the peripheral devices and software?
Premier includes your home computer as part of your personal property limit. It is included with your regular homeowners policy which covers a computer owned by you, the peripherals and software, up to its retail value. (This does not cover the cost to replace the files.) If you need additional coverage, you can purchase specific computer coverage for losses often not covered on a homeowners insurance policy, such as dropping it or spilling a liquid into the keyboard. If you use a computer for your home business (and not as part of business for your employer), we recommend you check with your insurance company for specific overages which you would need or call us at (800) 477-7350.

» Back to top of page

3. Is my baseball card collection covered by my insurance policy?
In most cases, yes, up to certain limits. We recommend you check with your insurance company for the specifics and limits on your policy. A Premier insurance policy provides memorabilia and collectibles coverage from $1,000 to $5,000 depending on the company and plan selected. Additional coverage as needed are available so be certain to review this with us if you are a collector.

» Back to top of page

4. I have a large amount of tools in my shed. Will my insurance policy cover them if they are stolen or damaged?
Yes. Your insurance policy contains coverage for personal property, which would include your tools provided they are stolen (up to certain limits) or if the damage is caused by a covered peril. See your specific policy for details and coverage limits.

» Back to top of page

5. Will my insurance company cover damage caused by flood?
Insurance policies do not cover any damage caused by floods. If you think flooding is a possibility in your area, you should consider purchasing special flood insurance from the National Flood Insurance Program (NFIP) of the U.S. Government. Insurance companies do not underwrite flood insurance and the NFIP is the primary way to protect your property from the devastation of floods. Contact your agent for information on how to buy this coverage, or call us at (800) 477-7350.

» Back to top of page

6. I've got antiques and fine arts in my home. What kind of coverage would adequately protect them?
You need to list invaluable items such as these on a separate endorsement. At Premier, this is known as a Scheduled Personal Property (SPP) endorsement which is added to your basic homeowners policy. SPP acts like a mini-insurance policy on the specified and listed items, provides "all-risks" coverage (except for a few exclusions), and there is no deductible, except for scheduled water craft.

» Back to top of page

7. I have a very valuable piece of jewelry. Is this covered by my basic policy?
A Premier company home policy will probably not have enough basic coverage. You can if you own a item of specific value, add an endorsement, called Scheduled Personal Property (SPP), which acts like a mini-insurance policy on the specified and listed item or add Extended Coverage, which increases protection on jewelry, watches and furs (up to an aggregate limit for all of these items together which is specified on your policy). Both provide all-risks coverage (except for a few exclusions). With SPP, there is no deductible, except water craft.

Many people get extra protection on jewelry, cameras, coin and stamp collections, fine arts, furs, golfing equipment, guns, musical instruments, outboard motor boats, and silverware/goldware. If you have an item which you believe needs extra protection, contact your agent for more information, or call us at (800) 477-7350.

» Back to top of page

8. I run a business from my home. What type of insurance protection does my homeowner policy provide me with?
There is no coverage for property and liability damages which arise from a business you own and operate. If you run a business from your home, talk to your agent about the best business-related policy for you, or call us at (800) 477-7350. We now often can endorse or add coverage to your home policy for business exposure at your home. Often the cost is very low.

» Back to top of page

9. I have a big freezer full of meat in my basement. If the power goes out, am I covered?
Not all policies include damage to food caused by power outage so it's best to check with us. Some of our policies include it and some do not.

» Back to top of page

10. I have a very expensive wardrobe. Do I need additional protection?
In most cases, you won't have to do anything special. Clothing is covered under Coverage C - Personal Property. It is typically 50% of the insurance you have on your dwelling (Coverage A). You can get up to 75% if you have what is called Replacement Cost on your belongings. This coverage gives you the amount that it would cost to replace the belonging versus the actual cash value. With expensive items, such as furs, you may want to itemize them separately with a Scheduled Personal Property endorsement. It is important, however, to inventory your property to see if this amount is enough for you. This includes all your furniture, clothing, stereo equipment, rugs - in essence, everything you have inside your home.

» Back to top of page

11. My car has been broken into and my skis were stolen! Will my homeowners policy cover this?
Yes. Your homeowners policy includes your possessions which are temporarily away from home.

» Back to top of page




Premier Racine Office:
Phone: 262-884-6570
Fax: 262-884-7509
GET DIRECTIONS
Premier Elkhorn Office:
Phone: 262-741-3020
Fax: 262-723-8690
GET DIRECTIONS
Receive insurance tips & money saving offers directly in your inbox.
Email Us: info@premierinsser.com
   2013 © Premier Insurance Services, Inc. All rights reserved.