Six Big Auto Insurance Myths
November 9th, 2011
When purchasing car insurance, it’s important to understand the factors that affect your car insurance premium rates and coverage. But how do you differentiate between truth and fiction? A good place to start is by dispelling some common myths about auto insurance:
Myth 1 – Color determines the price of auto insurance
It doesn’t matter if your car is red, green or purple. What does matter is the type of car you select.
Before you buy a new or used car, check into insurance costs. Auto ins...
Homeowners
Your home is very likely one of the biggest purchases you’ll ever make, and because it is such an important part of your life, it should be protected to the fullest extent.
Homeowners insurance is one way of protecting your most important asset, and Van Beurden Insurance has custom-fit solutions to nearly every homeowner’s needs.
The most important reason you need homeowners insurance is to cover the costs of repairing or replacing your home in the event it is damaged by specific disasters such as fire, theft, storms, faulty household systems or appliances. There are additional policies that can cover damages caused by floods, vehicles or aircraft.
A Van Beurden Insurance Sales Associate can help you determine which risks you want your homeowners insurance to cover, with a professional eye on keeping your costs down.
Typically, a homeowners insurance policy includes four essential types of coverage:
- Coverage for the structure of your home
This part of your policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in your policy. It will not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, it is important to buy enough to rebuild your home. - Coverage for your personal belongings
Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disaster. The best way to determine if this is enough coverage is to conduct a home inventory. - Liability protection
Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit of your policy. - Additional living expenses in the event you are unable to temporarily live in your house because of an insured disaster
This pays the additional costs of living away from home if you can't live there due to damage from a fire, storm or other insured disaster. It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. If you rent out part of your house, this coverage can also reimburse you for the rent that you would have collected from your tenant if your home had not been destroyed.
