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Help AAI Insurance Help You!

Posted on May 16, 2016

Review this questionnaire, so we may better serve your insurance needs, and attempt to eliminate gaps in your coverage. These questions are intended to point out potential coverage problems! Call us immediately if any of these affect you (or if you ever have any other questions regarding your policy!)

  • Do you have enough insurance on your house and contents, so you may replace them in the event of a catastrophic loss? Materials and labor costs have increased dramatically; are you underinsured? Have you remodeled or built additions since you first got your policy, affecting the value of your home?
  • Do you have outbuildings that may not be covered, or are underinsured? Have you built outbuildings since purchasing your policy?
  • Are your Personal Comprehensive Liability limits adequate to protect your financial resources? Increased liability amounts are relatively inexpensive! Additionally we strongly recommend an Excess Liability policy (available in multiples of $1 million) that provides additional liability, in excess to your Personal Comprehensive Liability and Auto Liability Limits. These policies typically start around $150.00 per year.
  • Is there anyone living with you who is not a relative?
  • Do you have Flood Coverage? Flood Coverage is not expensive if you are not in a Flood Zone, and 30% of paid claims are to properties not in a Flood Zone. Damaging run-off from a hillside or inadequate municipal drainage are two examples of losses not covered by a homeowners policy, which may be covered by a Flood Policy.
  • Do you conduct ANY type of business from or on your premises, including “farming” type activites?
  • Do you own any other dwellings or land, other than where you live? Do you rent ANY property to someone else?
  • Do you own a recreational vehicle (snowmobile, ATV, dirt bike, etc) or golf card? If so, there may be NO coverage (including liability) under a homeowner policy. Do you own tractors, mowers, or other motorized equipment that you take off your property?
  • Do you own a boat?
  • Do you have valuable paintings, art work, or collections?
  • Most homeowner policies limit the amount, and type, of coverage on the following property; is this a concern for you?
    • Jewelry
    • Furs
    • Firearms and their accessories
    • Silverware
    • Cash money
  • Some coverages that have become available within the last several years (and my not have been available when you first go your policy) are listed below; are you interested in any of these?
    • Identity Theft Expense Reimbursement
    • Sewer and Drain Back Up
    • Replacement Cost Coverage for your Personal Property

    If any of these raised a “red flag,” please contact us at (814) 623-8000 for an in-depth discussion, and we will attempt to provide options, so that your policy will be tailored to your specific needs.

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