What are good insurance questions?

Start a conversation: 8 questions to ask your insurance agent.

  • What is my deductible?
  • What is my premium?
  • What happens if I get in a car accident?
  • Does my homeowners insurance policy offer enough protection?
  • Is it time for me to consider life insurance?
  • Do I have enough liability coverage?
  • Do I need an umbrella policy?

How do you answer insurance questions?

Here are some guidelines to follow when answering questions from the insurance company to help protect the value of your claim:

  1. Do not comment on your injuries.
  2. Only answer the questions asked.
  3. Do not agree to have your statement recorded.
  4. Stick to the facts.
  5. Write down the adjuster’s name and information.

How do you analyze an insurance policy?

Check the assumptions the insurance company uses in its policy illustration such as interest rates, mortality rates and expected longevity. Compare results such as premiums, length of time they must be paid and benefits the policy provides. Make sure to look at carrier ratings and financial stability.

How many days late can you pay car insurance?

Most car insurance companies provide a grace period for premium payments. The typical time frame for a car insurance grace period is 10 days from the original payment due date, but this can vary depending on the insurer. Some companies offer up to 30 days, while others might not have a grace period.

How many claims can you file with State Farm before they drop you?

The real problem with filing a small claim, though, is that it can count against you if you ever need to file a bigger claim. State Farm, the nation’s largest homeowners insurer, is dropping customers in some states when they file as few as two claims in as many years.

How do you answer an insurance adjuster question?

Try to stick to yes and no answers rather than giving narratives. The more information you give the adjuster, the more he or she will have to work with when trying to find a reason to deny your claim or minimize your payout. Answer honestly, but limit the amount of detail you provide.