Frequently Asked Questions.
What policies do I need?
The policies you need depend on your life. Calfee can help you determine what policies and how much coverage you may want to consider. Some of the most common policies include:
Auto Insurance covers you in the event of multiple kinds of accidents. Multiple components protect you and others in the car in case of damage or accidents.
Property Insurance covers your home in the event of weather damage, fire, burglary, and more. Protecting your home is important, and Calfee is ready to explain your options in ensuring this important asset.
Commercial Insurance protects businesses from additional liability that business owners may incur. It is important to have the right commercial insurance policy for you and your business.
Life Insurance ensures that your dependents are given additional financial resources if something were to happen to you. Life insurance is recommended for most people, and Calfee is ready to help you determine what policy is best for you.
What does auto insurance cover? Which coverages are required by law?
Auto insurance has many components, each protecting you against different costs you may incur from owning a vehicle or a potential accident. Comprehensive coverage protects you from events not involving collision with another vehicle, such as vandalism, theft, and weather. Collision coverage insures your vehicle for repair and replacement costs. Uninsured and underinsured motorist coverage protects you in case of another motorist not having or not having adequate coverage to pay for damages. Other components of auto insurance, such as property damage liability insurance and bodily injury liability insurance cover additional costs you may incur in an accident.
What does homeowners insurance cover and why consider it?
Homeowners insurance covers homeowners against loss, including fire and weather damage, legal liability, due to potential injuries on your property, and other potential damages your home could incur.
Property Coverage pays to repair damages to your home or other buildings on property.
Personal Property Coverage insures your personal items in the home.
Liability Coverage insures homeowners in the case of injury on your property.
What is a deductible?
A deductible is the amount of money you must pay before your insurance policy begins to cover costs. Deductibles are determined by policy, and oftentimes you can choose your deductible level. For example, if the costs for damages total $5,000 and your deductible is $500, you would pay $500 and your insurance would cover the remaining $4,500 to repair the damages.
How does flood insurance work and what does it cover?
The National Flood Insurance Program provides flood insurance policy options to homeowners and there are additional private flood insurance options available to homeowners. Flood insurance is vital, as an inch of floodwater can cause up to $25,000 of damages. There are both building and contents coverage options with flood insurance, and it protects you and your family in the case that floodwaters damage your home.
What does renters insurance cover?
Renters insurance covers all of your personal belongings on the property, as your landlord’s property insurance will not cover damages to any of your personal items in the event of fire, bugalary, or other events. Additionally, renter’s insurance can cover injury liability, medical payments, and loss of use. Some landlords require renters insurance. Even if not required, renters insurance is a good idea for all renters.
What is business insurance and how can it help to protect me?
Business insurance is a broad term used to describe the multiple policies available to business owners to protect you against potential damages, losses, lawsuits, and more. Calfee Insurance can help you decide what coverage you need for your business, and what policy is best for you. There are many types of business insurance policies, including general liability insurance, professional liability insurance, commercial auto insurance, cyber insurance, worker’s compensation insurance, business income insurance, data breach insurance, commercial umbrella insurance, and more.
What is commercial property insurance and why do I need it?
Your business property and equipment is a valuable part of your business. Commercial property insurance covers your property from potential damages such as theft. Commercial property insurance policies often include business personal property insurance, commercial building insurance, commercial real estate insurance, and more.
