What is collision physical damage coverage? What is comprehensive physical damage coverage? Why use an agent to purchase insurance? How can I lower my homeowner's policy? What is actual cash value? What is replacement cost value?

What is collision physical damage coverage? Collision Physical Damage Coverage is: losses that you receive if your automobile/car collides with another vehicle/or object. For example: if your car is hit in the parking lot where you worked.  Your car/automobile would be covered under your collision coverage.    What is comprehensive physical damage coverage? Comprehensive Physical Damage Coverage is a coverage that covers your auto for physical damage caused by forces other than a car collision.  For example: loss caused by climate, loss caused by animals, or loss caused by fire is some examples.   Why use an agent to purchase insurance? The internet is a great tool for all of us to use, but an agent is usually located locally and can offer knowledge, competitive prices,and help with the claims processing. How can I lower my homeowner's policy? There are several ways to lower your homeowner's policy.  We will discuss two of those ways. The first way is to get a comprehensive review of your policy every year from your insurance agent.  Secondly, lower your costs by raising your deductible.  By increasing your deductible it will lower your overall premium. What is actual cash value? Actual cash value means a homeowner/policyholder is paid the depreciated value of the damaged property.  What is replacement cost value? Replacement cost value means: the homeowner/policy holder is reimbursed the amount necessary to replace the product (whether it be your home or an item) with one similar in type and quality at todays prices or the going prices at the time of loss.