There are many variables that’s go into an insurance rate including car type, driver history, garaged location, among others. Please reach out to one of our insurance professionals to get a quote.
What’s is the difference between liability coverage and full coverage?
Liability coverage pays the other party involved in an accident. Full coverage includes comprehensive and collision coverage which covers the repairs to your vehicle. A team member at GPI can answer any specific coverage questions for you.
How much coverage should I get?
This is specific to you and your car. If your car is leased or financed, the financing company will likely provide the necessary requirements. If you own the car, please speak to a team member at GPI to go over the options that best suit you.
What type of insurance do I need to drive?
Typically, the state you live in will require liability insurance in order to register a vehicle and get license plates. A team member at GPI can walk you through the types of coverages we recommend.
Will my medical expenses be paid if I go to the hospital because of an auto accident?
Your auto policy will most likely have personal injury protection, which covers medical expenses. You can also choose to increase your personal injury if needed. Reach out to GPI and we’ll make sure that you are covered.
If I let someone borrow my car and they crash it, will the car be covered?
Guidelines for undisclosed drivers have gotten very strict in the last decade. Companies can and will deny coverage if a household operator is not listed on a policy. As such, if you have someone who normally drives your vehicle, they should be added as a driver. However, if a guest borrows your car most companies will provide coverage for that person in the event of an accident. Please speak with a team member for more details and clarity on this
What is the difference between replacement cost and actual cash value?
In a replacement cost policy, you are only financially responsible for the deductible. An actual cash value policy factors depreciation into the payout; therefore, you would have to pay the deductible and some amount to restore your home back to whole. A home insurance expert at GPI can explain the benefits of adding a replacement value endorsement to your policy. well.
What are endorsements and do I have any on my policy?
Endorsements are used to make a standard policy more specific to you. You can specify special coverage for heirloom jewelry, electronics, musical equipment, among others
What’s the easiest way to reduce my monthly premium?
Determine the highest deductible you can afford to pay out-of-pocket in the event home damage. The higher your deductible, the lower your premium. Many insurance companies also provide discounts. Call GPI to see what credits your company may offer.
Am I covered no matter how my home is damaged?
Flood damage is not covered in a standard policy. Policies may also not cover other natural disaster. If you live in or near a flood zone, you should add flood insurance to your portfolio. Ask a team member at GPI for more detail regarding this.
Am I fully covered if someone is injured in my home?
The liability coverage section of your policy details the maximum amount an insurance company will pay in legal bills and damages in the case you are sued. A GPI team member can help you determine the right limit of liability.
Are all homeowner policies basically the same?
There are many homeowners insurance programs offered by insurance companies. Of these, the HO3 policy is the most common because it provides coverage for normal loss activity, such as fire, theft, and water damage.
