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Frequently Asked Questions

Below are some of our frequently asked questions. If you have any other questions or concerns, please feel free to contact us.

  1. Where can you get an answer to a specific question about car insurance?
  2. Can you get your car insurance before you've moved to the state?
  3. Can auto insurance companies demand information about people who live with you?
  4. Can you use your parents' insurance policy to cover a car that's in your name?
  5. Do you have to have a driver’s license when you get insurance on a new car?
  6. Can you get new auto insurance if you let your old policy expire?
  7. What is the difference between assigned risk and non-standard auto programs?
  8. Can I buy auto insurance from Legacy IFS even though I currently have an auto insurance policy with another company?
  9. What's covered by a home owner’s insurance policy?
  10. What's not covered by a home insurance policy?
  11. What does personal liability cover on my home insurance policy?
  12. What does personal property insurance coverage include?
  13. Does home insurance cover additional living expenses?
  14. Is the property in my car covered by my home insurance policy?
  15. What is medical payments insurance?
  16. What is actual cash value?
  17. What is replacement cost coverage?
  18. What is the deductible?
  19. How long will it take to process my home owner’s insurance claim?
  20. Will filing a claim affect my home insurance rate?
  21. When I file a home insurance claim, do I need to contact the police?
  22. Need More Info?
Where can you get an answer to a specific question about car insurance?

Why not call an insurance agent? Or two or three? Most will be more than happy to discuss your situation with you before you actually buy a policy. And there is no need to reveal that you already have an agent if you are just getting a second opinion. Also, your local license branch may be able to help you for free, but their knowledge is usually limited to actual legal requirements to get your license plates. Most insurance questions are not based on legality, but rather an insurance carriers policy, which can be very strict and a nightmare if you violate it. As a last resort, you can talk to an attorney, usually for a fee. But unless you are already in a legal mess, I think an insurance agent is by far your best resource.



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Can you get your car insurance before you've moved to the state?
If you have an address in the new state.

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Can auto insurance companies demand information about people who live with you?
The insurance company can ask you a lot of things that you don't think are any of their business, but if they are insuring your auto, they have every right to ask about all residents in your household as well as anyone else who may have access to your vehicle. Failure to disclose is a violation of the terms of your insurance contract and can result in cancellation or non-renewal of your policy.

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Can you use your parents' insurance policy to cover a car that's in your name?
Yes, So long as you are also listed by name as a covered driver on your parents Policy and your parents have an insurable interest in your vehicle.

If you are a minor or a dependent still living at home then you might be able to get insurance cheaper through your parents than you could separately.

You "by name" would need to be added along with your vehicle to your parent’s policy to be an insured driver.

If you’re trying to get insurance while hiding the fact that you’re a driver, which is a well known form of Insurance Fraud by concealment. It's a Felony and you would not be covered.



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Do you have to have a driver’s license when you get insurance on a new car?
Yes, you can buy and insure a car without a Driver’s License. You just can't drive it off the lot.

Most states now require
Auto Dealers to verify your driver’s license and liability coverage before a customer drives off the lot with a purchase. This is to protect the car buyer as well as the rest of the public from the consequences of an accident with an uninsured driver.

One of the times that we as drivers are at higher risk of being involved in an at fault accident is after the purchase of a
vehicle when we may not yet be accustomed to the subtleties and handling characteristics of a recently acquired vehicle.

State law requires that you have the minimum liability and medical limits required in order to operate a vehicle on public roads. Private roads and off road is another matter.

A vehicle can be purchased and shipped where insuring arrangements are being made elsewhere before operation. Some
vehicles are purchased strictly for off road use or Farm use and may never need a license or insurance.

You can certainly buy property insurance without a driver’s license, other valid ID is sufficient. Most insurance companies will require a driver’s license to buy Auto Liability Insurance, others will let you buy it and then go get the license, they may require you obtain the license within 30 days. After all, you need the insurance in order to take the driver’s test.



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Can you get new auto insurance if you let your old policy expire?
Yes, Of Course you can. Just call the insurance company of your choice and ask for a quote. It is extremely common for people to shop new rates upon expiration of the old insurance policy. Many people overpay for their insurance simply due to not shopping around at renewal time.

In Fact, it is the most common time and is even recommended by most agents as the perfect time to shop around for a new rate is upon the expiration of the previous policy.

Most Insurance companies are fully aware that renewal time is the best time to pick up new insurance customers and may offer you a discount of 5 to 10 percent to transfer your business to their company.




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What is the difference between assigned risk and non-standard auto programs?
Assigned Risk Pool auto insurance is usually the Insurer of last Resort for the highest risk drivers who have been declined by at least three Insurance Companies. The Application for insurance is assigned by the state to an admitted carrier in that state. The agent submits the auto application to the state assigned risk plan. The state plan then assigns the application to a licensed insurance company for issue. The agent may or may not have a contractual relationship with the assigned carrier. Generally the assigned carrier is required to offer insurance for three years only and is typically more expensive when compared to the rest of the market.

Non-standard auto insurance may or may not be for a high risk driver and is purchased from the agent or directly from the company. If purchased from an agent that agent has a contractual relationship with the company issuing the policy.

As far as the actual coverage there is no difference.



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Can I buy auto insurance from Legacy IFS even though I currently have an auto insurance policy with another company?

You might be under the impression, as most people are that once you buy an auto insurance policy, you're locked into that contract for the entire policy term. Thankfully, many companies will allow you to switch before the end of your policy term (although some may charge you a cancellation fee).

It's important, however, not to cancel your current policy until your new auto policy takes effect. Having even a 1-day gap in auto insurance coverage can cause your auto insurance rates to go up.

When it comes to deciding where to buy auto insurance, it's a no-brainer! Convenient service coupled with great savings makes switching to Legacy IFS the right choice!



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What's covered by a home owner’s insurance policy?

A standard home owner’s insurance policy, also known as an HO-3 policy, generally protects your home and your personal property from damage caused by:

·       Fires or lightning

·       Windstorms (including hurricanes and tornadoes) or hail

·       Explosions

·       Riots or civil commotions

·       Aircrafts

·       Vehicles

·       Smoke

·       Theft or vandalism (sometimes called malicious mischief)

·       Falling objects

·       Weight of ice, snow, or sleet

·       Freezing of plumbing, heating, air conditioning, or other household systems

Your home owner’s policy also provides personal liability coverage, which protects you if someone is hurt or injured by you or your family while on your property.

Many home insurance policies cover most damage unless something is specifically excluded. It's extremely important to read your policy thoroughly and know exactly what it covers.



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What's not covered by a home insurance policy?

A standard home owner’s insurance policy, also known as an HO-3 policy, typically does not cover damage caused by floods or earthquakes.

Other exclusions can include:

·       Earth movement (as in earthquakes and landslides)

·       Water damage

·       Power failure

·       Neglect

·       War

·       Nuclear hazard

·       Intentional loss

·       Government action

·       Collapse (your policy may include some coverage)

·       Mold, fungus, or wet rot (your policy may include some coverage)

·       Birds, vermin, rodents, or insects

·       Wear and tear or deterioration

·       Ordinance or law (your policy may include some coverage)

Because policies vary, it's important that you read yours thoroughly to know what is and isn't covered.



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What does personal liability cover on my home insurance policy?

Personal liability insurance, also known as liability insurance, covers you if someone is injured (or their property is damaged) on your property. Liability insurance coverage also follows you and will pay for losses anywhere in the world if you're deemed liable for injuring or causing damage to others.

Liability coverage might also pay for medical expenses if someone is injured in your home, which sometimes helps to avoid lawsuits.

If you're sued, liability insurance usually pays for your defense in court as well. The amount of liability insurance coverage provided by a policy is usually allotted for "each occurrence."



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What does personal property insurance coverage include?

Personal property insurance covers items inside your home that are owned by you and your family. Examples of personal property include your clothes, furniture, furnishings, and appliances.

Most home owner’s policies will automatically cover your personal property up to 40 percent of the amount of insurance that you have on the home itself. Antiques, rare items, or outdated items are often not covered under personal property insurance.



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Does home insurance cover additional living expenses?

Additional living expense (ALE) coverage is a type of insurance included with most home owner’s policies. It pays for necessary additional living expenses, making sure you and your family can maintain your normal standard of living if you have to temporarily relocate due to a claim.

If you're unsure if this type of coverage is included on your home owner’s policy, call your agent or review your policy documents.



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Is the property in my car covered by my home insurance policy?

Typically, personal belongings not in your home are covered at about 10 percent of the value of the coverage you have on your home. But all policies are different. Often, there are limits on the amount of coverage for things that are frequently stolen from vehicles, like computers and electronics. When you purchase your coverage, make sure to read your policy and purchase additional riders to extend that coverage if necessary.



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What is medical payments insurance?

Medical payments coverage, also known as MedPay, covers medical expenses for anyone accidentally injured on your property, regardless of who is at fault. It does not apply to you or members of your family who live with you.



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What is actual cash value?

Actual cash value, also known as ACV, describes what it would cost to replace your home after depreciation has been factored in.

Depreciation is usually calculated by establishing the life of the item and then determining what percentage of that life remains. This percentage is multiplied by the replacement cost to determine actual cash value.



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What is replacement cost coverage?

Replacement cost, also known as replacement value, describes what it would cost to replace your home at the present time, based on its current (pre-loss) worth.



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What is the deductible?

Your home owner’s insurance deductible is the amount you pay out of pocket for covered damage before your insurance kicks in. For example, if your home insurance claim is approved for $6,000, and your deductible is $1,000, your insurance company will pay the remaining $5,000 after you pay your deductible.

If you don't know how much your deductible is, check your declarations page or call your insurance agent to find out.



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How long will it take to process my home owner’s insurance claim?

It depends on the complexity of the claim, the seriousness of damages or injuries, and the willingness of other involved parties to cooperate.

Generally speaking, simple claims can be settled in a matter of weeks, but more complicated claims may take much longer — especially when several estimates are needed. However, since every claim is different, determining an exact amount of time is difficult. Your best bet is to provide all the information you can, and then be patient.



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Will filing a claim affect my home insurance rate?

Many people believe that filing a claim will cause their rates to go up, but the fact is that when it comes to home owners insurance, claims don't always dictate the premium.

Home insurance focuses more on the region that you live in. Your premium will be largely determined by the number of catastrophes your area has suffered in the past few years, the potential risk in your area, the type of home you live in, and the amount of coverage you buy. Home owners insurance premiums are usually raised for a given region, not individually, and insurance companies can only submit rate increases once per year.



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When I file a home insurance claim, do I need to contact the police?

If your loss involved theft or burglary, in addition to reporting the claim to your insurance company, you should report the incident to the police. This will help expedite your claim down the road.



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Need More Info?
http://wiki.answers.com/Q/Where_can_you_get_an_answer_to_a_specific_question_about_car_insurance#ixzz1wwUmDikb

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