Key Types of Home and Auto Insurance Premiums Explained

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Auto

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Home

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[/gem_table][vc_empty_space][vc_column_text css=”.vc_custom_1737665550147{padding-top: 10px !important;padding-bottom: 0px !important;padding-left: 30px !important;}”]This resource was sourced and shared by:

Fred Giron, CPCU, AIC
Account Executive | CA Lic. #0E69403
Acrisure Southwest Region
Acrisure.com/Southwest

11022 Winners Circle #100
Los Alamitos, CA 90720
Phone: 714-527-4187 | Fax: 714-828-8604[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text css=””]

A. and B. Pays for damages you cause to other people and their property.

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C. Provides protection for the named insured, family members, and passengers in the named insured’s auto for injuries received in an accident regardless of who was at fault. Also provides reasonable expenses for necessary medical and funeral services incurred.

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D. Automobile coverage designed to provide protection for the insured if involved in an accident in which uninsured motorist is at fault or pays the difference between the insured’s actual damages for bodily injury and the amount of liability insurance carried by the at-fault driver.

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E. Pays for the losses toy our auto OTHER than collision. Included is damage or loss to your auto caused by fire, theft, glass breakage, falling objects, and vandalism.

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F. Protects you from loss caused by damage to your auto collision with another object or vehicle or the overturn of the auto.

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G. Loss of use covers the daily cost to rent a vehicle while yours is out of commission due to a covered loss.

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H. Coverage for the dwelling and for the structures attached to the dwelling. Home should be insured to 100% of the estimated new replacement cost.

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I. Covers buildings on the described premises that are separated from the dwelling by clear space or connected only by a fence or utility line.

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J. Provides coverage for personal property owned or used by an insured while it is anywhere in the world.

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K. If a covered property loss makes the residence permanently inhabitable, the policy will cover additional living expenses related to maintaining the insured’s normal standard of living.

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L. Personal liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. 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. You are also covered not just in your home, but generally covered anywhere.

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M. Pays for bodily injury medical expenses incurred by guests which are caused by an accident on the premises owned or rented by the insured.

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For a full checklist of what to have in the event of a natural disaster or evacuation, please download our Beacon Pointe evacuation checklist to make sure you have what you need. 

For a list of tips on navigating the insurance process after a home loss due to natural disaster, please click here for our Beacon Pointe blog. 

We hope this information is of value to you and can help you stay safe should an emergency situation arise and remember to follow local and national law enforcement guidelines.

Important Disclosure: This content is for informational purposes only and the sample limits shared above are for illustration purposes only. Your coverage and limits will differ. Your coverage and limits will differ. Opinions expressed herein are subject to change without notice. Beacon Pointe has exercised all reasonable professional care in preparing this information. Some information may have been obtained from third-party sources we believe to be reliable; however, Beacon Pointe has not independently verified, or attested to, the accuracy or authenticity of the information. Nothing contained herein should be construed or relied upon as investment, legal or tax advice. Only private legal counsel may recommend the application of this general information to any particular situation or prepare an instrument chosen to implement the design discussed herein. An investor should consult with their financial professional before making any investment decisions.[/vc_column_text][vc_column_text css=””][/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]