How to Get the Best Insurance Deal

Insurance can be complicated, and many people don’t want to deal with the details. However, taking the time to look over your policy and asking your Insurance Agent the right questions may help save you money.

Here are some questions you can ask your Insurance Agent:

Auto Insurance Questions

• What are the discounts you offer? There may be an array of ways you can save money, ranging from safe driving and senior discounts to those for good students.
• If I have an accident can my rates go up, even if it’s not my fault? Each person’s policy is different, so it’s good to ask under what circumstances your premium would be impacted.
• What will I get paid if my car is totaled? This is important to know because, if you have an older car with a low market value, collision insurance may not be the best fit for you.

Homeowners Insurance Questions

• Will my homeowner's insurance cover all disasters likely to happen in my area? Standard homeowners insurance covers disasters such as fire, lightning, theft, vandalism, or damage from smoke, water or wind. It does NOT cover damage caused by a flood or an earthquake. Flood and earthquake insurance coverage can be purchased separately.
• If my home is destroyed in a disaster, what will my insurance policy cover? Standard homeowners insurance will pay replacement value to help policyholders rebuild their home. In some areas, policyholders can purchase increased coverage through an optional endorsement.
• What are the coverage limits on items like jewelry, art, or other expensive items, if they’re stolen or lost? There are limits on certain types of personal items that normally occur in insurance policies. Ask your agent to walk through the Special Limits of Liability for Personal Property for the policy they recommend and consider purchasing additional coverage through endorsements if needed.
• Will my possessions be covered if they’re lost or stolen outside of my home? Most policies will cover things like jewelry or other expensive items (up to a certain monetary limit) that are stolen from your car or stolen or lost while traveling. Your policy may also cover your children’s belongings if they live in a dormitory during their college years.

Are you getting the best deal on your insurance? Contact a AAA South Jersey Insurance Agent today for a policy review.