Common Insurance Questions Answered

Insurance is one of the most important security tools an individual or business can have, but it is also one of the most commonly misunderstood topics. Whether you have questions regarding your auto insurance, homeowners insurance, or business insurance, we hope this informational sheet of common insurance questions will clear up any misunderstandings:

  • My auto insurance agent just asked if I wanted full glass coverage, is it worth it? This extra protection measure will provide you with coverage when the glass windows of your car experience physical damage. This includes when a pebble hits your window and causes it to crack. This extra insurance will likely exclude coverage for mirrors.
  • My boat is covered under my homeowners insurance, right? Depending on the size of your boat, you may receive limited coverage for your boat under your homeowners’ insurance policy. However, in order to be 100% confident in your boat’s security, it is important that you seek professional advice based on your particular scenario before heading out on the water. You may need a separate boat insurance policy for optimal protection.
  • Umbrella insurance policies are unnecessary, right? Unfortunately, since lawsuits are more common now than ever, umbrella insurance policies can benefit nearly every individual and every business. Whether your dog decides to protect you by biting an aggressive neighbor or your son’s friend slips and falls on your property, your umbrella insurance policy will provide you with optimal protection.
  • What is replacement cost verses actual cash value? These are two unique reimbursement methods that will determine how you are compensated after a covered peril. Replacement cost is typically more expensive because it provides you with the appraised value of the item. In contrast, actual cash value provides you with an amount after the depreciation of the items are calculated.

Contact Stromsoe Insurance Agency in Murrieta for all of your California insurance needs. If you have any remaining questions, feel free to give us a call! We are available around the clock to answer any questions you may have.

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