If the partial loss is valued at Replacement Cost you get new for old, like kind and quality in today’s dollars. Pretty simple.
Does my auto insurance pay if someone else is driving my car?
In New York State auto insurance follows the car. That means that if you give a friend permission to take your car to the store and they get into a car accident then Yes, you will have coverage.
When do I file an auto insurance claim?
As far as when you should file. Calling the next day is fine but the sooner the better. Remember you can always call your independent insurance agent (The Murray Group) to make sure the claims process is handled properly.
How does my loss ratio affect business insurance premiums?
For most small businesses loss ratio has the most obvious affect on workers compensation premiums. Loss ratio is the total losses for a policy term divided by the amount of premium you pay to an insurance carrier.
Is Hail Damage Covered on My Homeowners Insurance Policy?
A Broad or Special form policy will provide coverage in most cases. However, if you have a Basic or Fire Only homeowners insurance policy it is very likely you will not have coverage.
