Insurance Flashcards
Roof coverage types?
-Roof surfaces extended coverage (RS)
-Roof surfaces endorsement with roof payment schedule (RPS)
What is the qualification for roof surfaces extended coverage?
-Roof has to be 10 years of age or less
Flood insurance-how to purchase?
-A separate policy can be purchased through the National Flood Insurance Plan (NFIP)
What is not included in a standard policy for homeowner’s insurance?
-Home maintenance: most homeowners insurance does not cover basic repairs
-Floods and earthquakes: typically, floods and earthquakes are not included in a standard homeowner’s policy. However, there are separate policies consumers can purchase
Earthquake insurance-how to purchase?
-Through Ivantage
On average, how many flood losses occur in low-to-moderate risk zones?
25%
How many earthquakes on average are experience in the United States yearly?
3,000
What is a personal umbrella policy?
Helps protect assets if someone sues over an accident and the settlement exceeds the liability limits on auto and/or home insurance
Roof coverage: questions to ask?
-How old is your roof?
-What is your roof material?
-What is your roof geometry type?
Standard coverages on homeowners insurance?
Your dwelling, other structures, guest medical protection, additional living expenses, family liability protection, personal property
Your dwelling?
Covered under your policy and includes your home and structures, such as a garage or deck, that are attached to your home
Other structures?
Covered under your policy and include buildings, such as a garage or storage shed, that are separate from the house
Guest Medical Protection?
May help pay for necessary medical expenses including surgery, x-rays, and dental work if a guest is injured on your property
Personal property?
Such as furniture, and other contents are typically covered
family liability protection
helps protect if someone sues you for being injured on your property
additional living expenses
reimburses you for reasonable increases in living expenses when a loss Allstate covers makes your home uninhabitable-this may include payments for the cost of rent, hotel, food, and other expenses
Additional Coverage Options
-Scheduled personal property
-Increased coverage on business property
-Cameras
-Identity Theft Restoration
-Electronic Data Recovery
-Green Improvement Reimbursement
-Extended Coverage on Jewelry, Watches and Furs
-Musical Instruments
-Sports Equipment
-Water Backup
-Yard & Garden
-Building Code
Scheduled Personal Property
Provides increased limits for a specific item that typically has high value and has been appraised, such as an engagement ring or fine antiques
Increased coverage on business property
Protects items you’re keeping in your home as business samples or for sale
Cameras
Expands coverage for camera equipment
Identity Theft Restoration
If your identity gets stolen, this coverage can help with legal work, phone calls, and lost wages
Electronic Data Recovery
Covers up to 5,000 for recovery of lost data from computers, such as years of family photos, videos, and music
Green Improvement Reimbursement
Reimbursement for the additional expense of replacing items damaged from a covered loss with more energy efficient items as rated by Energy Star
Extended coverage on jewelry, watches, and furs
Increases coverage for jewelry, watches, and furs
Musical Instruments
Expands coverage for musical instruments
Sports Equipment
Provides extended coverage for sports equipment
Water Backup
Helps cover damage in your home from backed up drains or broken sump pumps
Building Code
Covers increased costs due to the enforcement of any building codes, ordinances, or laws regulating construction, maintenance, or demolition of your home
Yard & Garden
Increases limits and expands coverage for items including trees, landscaping, and $20,000 for riding lawnmowers
Available homeowner’s discounts
-Claim-Free discount
-Early signing
-Easy Pay
-Hail-resistant roof
-Home buyer
-Multiple policy
-Protective Device
-Responsible Payment
-Smoke-free
-Welcome and Loyalty
Claim-free discount (ho)
-Get a discount that continues to build every year (up to 5 years) you don’t file a property claim
Early signing (ho)
-Switch to Allstate before your old policy expires (at least 7 days) to receive an additional discount
Easy Pay (ho)
-Earn a discount for SETTING UP automatic withdrawals from your checking or savings account
Hail-resistant roof (ho)
-If your home has this type of roof installed, you may qualify for a discount
Home buyer (ho)
-Save on your home policy just for having your auto policy with us. Save even more if you bundle additional policies, too
Responsible payment (ho)
-Depending on your payment type and payment history, you could qualify for additional savings
Smoke-free (ho)
-Save on your policy when no one in your household is a smoker
New! Welcome and Loyalty (ho)
-New customers can earn a discount for the first two years they’re insured, and existing customers can save just for staying with Allstate
Enhanced package features (ho)
-Claim RateGuard
-Claim-Free Rewards
Claim RateGuard (ho)
-An optional feature that protects your rate from going up just because of a claim
Claim-Free Rewards (ho)
-Combines two claim-free benefits. The Claim-Free Discount saves you money if you come to Allstate claim-free. The Claim-Free Discount saves you money if you come to Allstate claim-free. The Claim-Free Bonus is an optional feature you can add to your policy to receive money back each year you go without a claim
Basic coverages (car)
-Protects you from damage you cause
-Protects you, your passengers, and your car
-Protects you from other drivers
Damage you cause
-Bodily Injury Liability
-Property Injury Liability
Bodily injury liability (car)
-Helps pay medical bills, income loss, and legal fees
Property Injury liability (car)
-Helps repair damage to cars or other property
Protects you, your passengers, and your car
-Collision, Comprehensive, Medical Payments
Collision (car)
-Helps cover repairs or replacing your car if damaged
Comprehensive (car)
-Helps cover car damage from storms, theft, or falling objects
Medical Payments (car)
-Helps cover medical bills for you and your passengers if injured
Protects you from other drivers (car)
-Uninsured/Uninsured Motorist
Uninsured/Underinsured Motorist (car)
-Covers you if a driver with no insurance injuries you or damages your car
Add optional coverages (car)
-Rental reimbursement, Ride for Hire, Sound System, Roadside Assistance from Allstate
Rental reimbursement (car)
-Helps you cover the cost of a rental car while yours is in the shop after an accident
Ride for Hire
-If you use your car for ridesharing, get protection that fills the gap between what the rideshare company’s insurance covers and what your personal auto policy covers
Sound System
-Covers the cost of replacing stolen or damaged audio and/or video equipment in your vehicle
Roadside Assistance from Allstate
-You’ll be able to track the service vehicle as it comes, whether you have a dead battery, flat tire or need a tow. Choose from three great service options
Upgrade options for your protection with your choice auto
-Safe Driving Bonus, Deductible Rewards, Accident Forgiveness, New Car Replacement
Safe Driving Bonus
-Stay accident-free and get money back twice a year-only from Allstate. Plus, save when you come to Allstate accident-free.
Deductible Rewards
-Get $100 off your deductible when you sign up, plus $100 off every year you’re accident-free-up to $500
