Unitrin Direct Preferred Insurance

Common Home Insurance Questions

The following information, although a reasonable description of the coverage provided, does not constitute part of the policy or binder of insurance and shall not be construed to replace any provision of the policy itself. In the event of any conflict between the policy and this information, the provisions of the policy shall prevail. It is therefore important that you read your policy carefully for complete details.

Answers

	1.		What is covered under my homeowner’s insurance policy? Subject to the coverages provided, coverage explanations, definitions, provisions and exclusions in your policy, homeowners insurance may cover the cost of rebuilding or repairing your home and surrounding structures (such as the garage) if it is destroyed or damaged by a direct physical loss (such as a fire) covered by the policy. It may also cover your personal property items, loss of use, personal liability and medical payments to others coverage.
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	2.		How much insurance do I really need? You should insure your home for 100% of its replacement value to cover the damage to your home and your personal property You should also select a limit of personal liability that is adequate to protect your family and yourself from lawsuits arising from activities that happen on your property or through your personal activities.
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	3.		What is Renter’s Insurance? Subject to the coverages provided, coverage explanations, definitions, provisions and exclusions in your policy, if you rent an apartment, condominium or a house, renter’s insurance provides coverage for you and your possessions. A renter’s insurance policy covers your personal property up to the limit you have chosen. The policy also provides personal liability and medical payments to others coverage to the limits you have selected.
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	4.		How can renter’s insurance protect my personal belongings? Up to the limits you have selected, the insurance policy pays when your personal property has been damaged or destroyed by a covered peril.
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	5.		What if I share an apartment, can I purchase a renters policy with my roommate? Yes, you can.
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	6.		As a student, am I covered under my parent’s insurance policy ? If you are a full-time college student and considered a part of your parents’ household, their home or renter’s insurance might provide you with limited coverage.
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	7.		I have just renovated my home. Should I tell my insurance company? Yes, especially if your renovations cost more than $5,000. It is important to verify that you are insured for the right amount so that in the event of a covered loss, you will be protected.
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	8.		Will my policy cover me for earthquake damage? Basic homeowners insurance policies do not cover damage resulting from earthquakes. You must purchase additional coverage.
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	9.		Will my policy cover me for damage caused by flood? Insurance policies do not cover damage caused by floods. If flooding is a possibility in your area, you should consider purchasing special flood insurance. Merastar Insurance Company does not offer a Flood Insurance Policy. Contact The National Flood Insurance Program for specific information on areas where flood insurance is required and directions on how to purchase this type of home insurance protection. What does flood insurance cover? How do you get it? Click here to go to the National Flood Insurance Program (NFIP) for details http://www.fema.gov/nfip/infocon.shtm
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10.

I have a very valuable piece of jewelry, an antique, or a piece of fine art. Is this covered by my basic policy?
Your homeowner policy may provide limited coverage for this type of property.

You can add an endorsement, called Scheduled Personal Property, which specifically covers the listed item(s) for a specified value.

Note: Current receipt or appraisal needed (must be less than one year old).

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	11.		How do I know if I have a deductible and what my deductible is? If you have a deductible, it is usually listed on your Declarations Page (the policy document you receive from your insurance company at renewal.) Under homeowners policies, separate deductibles can apply to property losses as well as other special endorsements, such as earthquake, hurricane, or wind and hail. Depending on the nature of the loss, more than one deductible may apply.
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All applicants are individually underwritten and some may not qualify. Certain coverages, discounts, on-line quotes and payment options are not available in all states or in all Unitrin Direct companies.

Unitrin Direct preferred insurance coverage is underwritten by companies in the Unitrin Direct family of insurance companies. In certain states, and for certain coverages, insurance may be provided by non-affiliated companies. Unitrin Direct insurance companies are part of the Kemper Corporation family of companies which has over 6 million policy holders and over $8B in assets. As of 2010, The Kemper Property & Casualty Group was rated "A-" Excellent by A.M. Best and had $2.8B in admitted assets, $1.9B in liabilities and required reserves, $0.9B in surplus. A.M. Best's ratings reflect current opinion of a company's financial condition, subject to change, and are not a warranty of any company's ability to meet its obligations.

Common Home Insurance Questions

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