Frequently Asked
Questions
What
do I bring when writing a new auto policy?
- Full Name and Date of Birth of all
residents/drivers in household over the age of 15
- Driver’s License #’s of all
drivers listed on policy
- Registration (preferably), VIN
numbers or Bill of Sale for all vehicles to be insured
- Void Check (if EFT payment plan)
- Declaration Page (reflecting dates
of 6 months prior insurance) (if applicable)
- Proof of Homeownership-
Declaration page of insurance, mortgage or utility bill (if applicable)
- Photos of vehicle 10 years old and
older (if purchasing comprehensive/collision coverage)
- Copy of Driving Training
Certificate (if applicable)
- Copy of most recent grade report
(if applicable)
I am buying a house or having one built.
What do I do to get insurance?
We are here to help! Our goal is to make it
easy and seamless, while adequately providing a policy tailored to your
lifestyle and investment. New construction is our expertise.
1. Call or come into the
office so we may gather the general information to provide an accurate quote to
fit your lifestyle and investment.
2. We will be able to
provide a quote that same day or the next, unless the risk does not qualify for
our in house companies.
3. Notify your mortgage
company. Give them our Agency name, phone #, fax #, and e-mail. Or better
yet, we will call the mortgage company for you. We will send out the necessary
paperwork immediately, so as not to hold up your closing date.
4. We will contact you to
complete the application and any other paperwork
5. A policy will be sent to
you in a few weeks
6. Enjoy the peace of mind
that your investment is protected.
What
kind of payments do we accept?
- Everything
- Cash
- Check (only at new business)
- Credit/Debit (VISA/Mastercard
only)
- ECheck (Electronic Withdrawl from
Checking)
I need
an SR-22. What is it? & What do I do?
Not a
problem at all. It’s not as complicated as everything seems. It’s simply a
form that is attached to either the Broad Form or Regular Auto policy. It is the states way of making sure you are maintaining
liability insurance. Regulations vary from state to state, the State of
Washington, usually requires an SR-22 for three years.
1. Simply
call or come in for a quote.
2. Bring
in your old license or ID card
3. Bring registration
of the vehicle you’re insuring (if not “insuring you license”/broad form
policy)
4. We will
write up a policy, give you ID cards and your SR-22 to satisfy the courts
and/or DMV.
The
insurance company will electronically send the SR-22 to the state and we will
fax the SR-22 up to the DMV (where applicable)
Receive
your new policy in approximately two weeks. You are done. :0)
What is a Broad Form policy aka “insuring your license”?
Yes. Broad Form covers the
named insured to drive any owned or non owned vehicles (subject to restrictions),
for liability insurance. Uninsured Motorists Bodily Injury and Personal Injury
Protection (PIP) are also available. Motorhomes and physical damage for the
vehicles are not included with this type of policy
How
does my deductible work?
The deductible is a portion
of the loss that is your responsibility. When a loss is equal to or less than
the deductible amount, no payment is owed. When your loss is more than the
deductible, you are responsible for the deductible amount. We then pay the rest
of the covered loss up to the limit for that type of property.
What
is Gap coverage & When do I need it?
Gap coverage refers to the 'gap' between what you owe on your auto loan and
the current market value of your car or motor home. It is designed to pay the
outstanding loan amount on a new, financed car or motor home should you be
involved in an accident and your new vehicle is determined to be a total loss.
If you owe more than what your vehicle is worth on the
market at the time of a total loss, then Gap coverage is what you need. It is
usually available only at the time of the purchase of a new, financed car or
motorhome, we do have a company that can provide Gap coverage for older
vehicles.
An example of how GAP coverage works: A 2006
vehicle is purchased for $40,000
- Loan Balance of a 2006 vehicle or motor home
on the date it’s destroyed: $30,000
- Actual Cash Value on date it’s destroyed: $25,000
- Payoff WITHOUT GAP coverage: $25,000 (less any applicable deductible)
- Loan balance after payment: $5,000 (may vary if there was a deductible)
Payoff WITH GAP coverage: $30,000
- Loan Balance after payment: $0 (may applicable deductible)
Be sure to ask your insurance agent about GAP
coverage when shopping for a new car or motor home if you think you may need
the additional coverage. For additional details see the policy contract.
Information Provided by
the Office of the Insurance Commissioner.
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