Moberly Insurance Solutions             501 S.E. Port Saint Lucie Blvd
Phone: 772  878-8497      Fax: 772 878-8867                                                              Port Saint Lucie, Fl 34984
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Frequently Asked Questions
Homeowners Insurance, FAQ

Why buy home insurance?
Owners: To protect both your house and personal property.
Tenants: To protect your personal property.
Everyone: Protection against liability for accidents that injure other people or damage their property.

How much home insurance do I need?
 Asset Protection: More coverage generally means you will have less to pay out of your own pocket if disaster strikes. You must determine the amount you can financially afford to lose. Depending upon your determination, more insurance may be the answer.  You need enough liability coverage to protect yourself from lawsuits resulting from your possible negligence.
Lender Requirements: Your lender may require you to cover the house for at least the amount of the mortgage. You are not required to purchase insurance from the insurer recommended by your lender.
Policy Requirements: Insurers may impose some conditions for replacement cost protection, including insurance of the property to value.

What affects home insurance prices?
Type of Construction: Frame houses usually cost more to insure than brick.
Age of House: New homes may qualify for discounts. Some insurance companies offer limited coverage or may not insure older homes.
Local Fire Protection: The number of fire hydrants and fire departments and the availability of water are some factors that determine your area's fire protection class. If you reside in an area without fire protection, you will pay more for fire insurance.

What's a peril?
 A peril is a condition that can cause a loss. Three examples are fire, windstorm, and theft.

What deductible should I choose?
 The deductible applies only to the coverages on your house and personal property. It is the amount you have to pay out of your pocket on each claim. You can collect on your insurance policy once the deductible amount is exceeded. A policy with a $100 deductible will cost more than one with a $250 deductible. Higher deductibles also will result generally in fewer claims, at a time when insurers are nonrenewing if the number of claims is considered "excessive."

What basic coverages are available?
 The most common basic coverages are: property damage, additional living expenses, personal liability and medical payments.

What does property damage cover?
 Property damage coverage helps repair your home and personal property when damaged by such perils as fire, lightning, windstorm or hail. The perils of flood and earthquake are covered when the coverage is added to your policy.

What is personal liability insurance coverage?
 Personal liability coverage protects you and all family members who live with you against a claim or lawsuit resulting from (non-auto and non-business) bodily injury or property damage to others and for which you become legally obligated to pay. Defense costs are included, but the insurance company has no duty to defend you after the limit of liability on the policy has been exhausted.

What does medical payments insurance cover?
 Regardless of fault, this coverage pays the reasonable expenses for others accidentally injured on your premises or the areas immediately adjoining your property such as sidewalks or alleys. Medical payments coverage does not apply to your own injuries or those of family members living with you or injuries arising out of activities involving a business that you operate out of your home, your intentional acts, or rental use of your premises.

What is replacement cost?
 Replacement cost is the amount necessary to replace or rebuild your home or repair damages with materials of similar kind and quality without deducting for depreciation.

What is actual cash value?
 Actual cash value usually means amount needed at the time of the loss to repair or replace the property destroyed, less depreciation. Most standard home insurance policies cover the contents of your home (i.e., personal belongings) on an actual cash value basis, but it is possible to purchase replacement cost coverage.

What if I receive a notice of nonrenewal?
 Explore whether your company will extend your coverage if you increase your deductible. With many insurers dropping frequent claimants, the higher deductibles will mean fewer claims and, if nothing else, buy time until you have the opportunity to find another insurer.

Does my homeowner insurance policy cover flood damage?
 Generally, homeowner insurance policies do not offer protection against flood losses. You should check your policy. 


Automobile Insurance, FAQ's
 Don’t know why you need auto insurance? Unsure how much auto insurance coverage you should have? Find out with these auto insurance FAQ.

What is auto insurance?
 Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to  pay the premium and the insurance company agrees to pay your losses as defined in your policy.

What can auto Insurance Provide?
 Auto insurance provides property, liability and medical coverage:
Property coverage pays for damage to or theft of your car. Liability coverage pays for your legal responsibility to others for bodily injury or property damage. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and federal expenses.

How much insurance do i need?
So, how much auto insurance coverage is adequate? The amount of auto insurance coverage you need depends on a variety of factors. Some factors you should consider when you buy auto insurance coverage include:
Your appetite for risk— If you don’t like taking risks, your auto insurance coverage should reflect that with high coverage limits and low auto insurance deductibles.
Risks associated with where you live— Do you live among wildlife, or are fender benders a common occurrence where you live? If so, beef up on your coverage.
Your vehicle— If you have a brand new vehicle, you may want to increase your auto insurance coverage to protect your investment in the event you’re involved in an accident.
Your assets—The more assets you have, the more auto insurance coverage you need to protect them.
Your passengers— Do you regularly have young passengers in your vehicle? If so, get auto insurance coverage to protect them should you be involved in an accident.