Auto
Liability, physical damage, uninsured and underinsured motorist, and optional protections.
Core concepts
Limits
The most an insurer may pay for a covered loss, subject to the policy’s terms, sublimits, exclusions, and applicable deductibles.
Deductibles
The amount generally paid by the insured before covered claim payment, with different deductibles possible for different causes of loss.
Exclusions
Policy provisions that remove or restrict coverage. Endorsements may modify exclusions, but wording must be reviewed carefully.
Replacement cost and actual cash value
Replacement cost generally considers the cost to replace damaged property with similar property, while actual cash value may reflect depreciation. Settlement rules depend on the policy.
Uninsured and underinsured motorist coverage
These coverages may respond when an at-fault driver has no insurance or insufficient limits, subject to state law and policy terms.
Homeowners insurance generally does not cover flood as defined by the policy. Separate flood insurance may be needed.
Frequently asked questions
Consider assets, income, household drivers, activities, legal costs, underlying policy requirements, and whether an umbrella policy is appropriate. This is a discussion framework, not a personalized recommendation.
No. Coverage depends on the cause of loss, policy definitions, exclusions, maintenance issues, endorsements, and whether separate flood coverage applies.
Endorsements can add, remove, or change coverage. Review them with the full policy rather than relying only on a declarations page.
