For frequently asked questions and answers about personal lines of insurance and risk management services from Liberty Insurance Agency, please look below:
DOES MY HOMEOWNERS POLICY COVER TREES THAT FALL ON MY NEIGHBOR'S HOUSE?
- unless you are responsible for the tree falling, your homeowners will NOT pay for the damage to your neighbor's home. Your neIghbor will have to report the loss to his homeowner's carrier.
I AM PICKING UP A NEW CAR OVER THE WEEKEND, AM I COVERED UNTIL I CALL MY AGENT ON MONDAY?
- Yes, your existing insurance coverage will extend to your new vehicle over the weekend. However, it will not add coverage. For example: if your current vehicle has no physical damage coverage, your new vehicle will not have physical damage coverage.
REPLACEMENT COST VS MARKET VALUE-
- Replacement Cost is the amount required at the time of the loss to repair, replace or rebuild, without deduction for depreciation, using like design and materials of comparable kind and quality.
- Market Value is the current selling price based on the estimated worth of the property in your area.
DOES MY HOMEOWNERS POLICY COVER FLOOD?
- NO-You may purchase Flood Insurance by contacting us, your agent or through the Nation Flood Program.
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