Farmers Insurance - Richard James

•Umbrella insurance helps cover your financial responsibility for injury or loss to someone else. •It supplements the liability coverage provided by your home and auto policies. •It’s an affordable way to protect your assets in case of a lawsuit. •Umbrella coverage limits range from $1 million to $10 million.

The short answer to your question is yes. However, one of the biggest mistakes consumers can make is to assume all your valuables will be covered automatically. You may have to add some items separately to your policy.

Homeowners insurance policies typically do not cover but not limited to damage resulting from the following: Earth movement Water Nuclear hazard Neglect or failure to make repairs Corrosion, deterioration, decay or rust Wear and tear Contamination Fungi Increased cost due to enforcement of any building ordinance or law Government actions Power failure Animals or pests War

Like the majority of insurance companies, we may review your credit-based insurance score to give you an accurate quote. These reports, along with other reports such as motor vehicle reports, driving history, and claim history could all be used as factors in determining your insurance rate. Whether you are getting a quote or purchasing a policy today, we will order some of these consumer reports. However, be assured that these will not affect your credit rating.

If you still owe money on your vehicle or are leasing it, your lender will require you to continue physical damage coverage – meaning comp and collision – until the loan is paid in full or until you complete your lease term. For everyone else, the general rule of thumb is: if your car is older than ten years, consider removing your collision coverage. But remember to decide for yourself by investigating the value of your car. Your car's current market value is close to the amount you might receive if your vehicle is totaled. If you can leave that amount of money on the table and walk away if someone steals your car or if it is a total loss, you can consider your options and decide if you want to have comprehensive and collision coverage or if you feel comfortable not having coverage. Many people continue to carry full coverage long after a car's 10th birthday. Keep in mind, if you do carry optional glass coverage, dropping comprehensive coverage can mean losing that as well.