Frequently Asked Insurance Questions:
Auto Insurance:
Step 1. Contact your local agent. Call us at 717-582-2321.
Step 2. Get in touch with a claims-handler, who will get in touch with you right away to go over your accident details and your auto insurance coverage.
Step 3. Review car repair options. We will have several options for you to get you back up and running.
Step 4. Settle the claim. Ask us how to find the right garage for you.
In short, yes. It’s hard to know that they will never need to drive the car. Emergencies happen, and accidents happen. To keep your family protected, all licensed drivers in your household should either have their own policy or be added to yours.
Most rental companies will suggest that you add additional coverage to your rental car while in your possession. Depending on your personal auto insurance policy, it may cover you and your rental car. If you are unsure if your policy covers rental cars, contact your agent to review your coverage. That way you fully understand the coverage in your policy and you don't end up paying for something you may already have coverage for. It's worth noting that policies and coverage vary state-to-state, so just because you may have coverage, doesn't mean a friend has the same coverage.
Auto policies do not outright cover any or all types of automotive breakdowns. In some cases vehicle damages can be paid for under insurance if they resulted from circumstances that were unavoidable. It's best practice to contact your agent to see what can be covered in the event of damages.
Your car insurance policy typically extends coverage to a rental car. If you are at fault for an accident while driving a rental car, the liability insurance would pay out to the policy limits defined in your policy for damages to property or cars involved.
Driving with a permit does not typically require coverage but some companies do require you to add permit drivers to your policy. It's always best practice to check with your agent to insure you are properly covered in the event of an accident. It is required that any licensed driver has an auto insurance policy - whether covered under parents and guardians or their own policy.
Classic Car Insurance:
There's a lot of confusing information out there about how old cars need to be to qualify for antique or classic car insurance. Certain auto clubs also have more strict guidelines for cars to be classified as one or the other. Pennsylvania states that an antique motor vehicle must be 25 years or older and maintained or restored to manufacture specs. Classic cars follow the same guidelines but only require being 15 years or older. We're happy to talk about your car and help determine the appropriate coverage based on age and condition.
We can extend coverage to kit cars based on modifications, engine size, make, model, mileage and other factors. Premiums can be harder to determine as kit cars are not treated the same as a regular vehicle.
It's best practice to keep your yearly mileage below 5,000 a year to maintain the agreed upon value for coverage.
If your car is determined a total loss, the agreed value is the amount you will be paid out. Pay outs will be less your deductible, so you should keep that in mind when talking about the agreed value when determining coverage. We recommend contacting us before you make the decision to buy or create a kit car to ensure coverage is something you can attain and afford.
Most cars fitting the age requirements can be covered under collector car insurance. There are other factors beside age that come into play, like coverage and mileage. If you are interested in finding out if your vehicle can be covered, contact Reisinger today!
Home Insurance:
Yes! Reisinger Insurance is proud to offer coverage for customers living in rental properties to cover their assets in the event of unfortunate events like theft, break-ins, fire, etc. Contact one of our agents to talk about the coverage that fits your needs best. Renters insurance is more affordable than you think, so it's a great decision!
Your base insurance policy can cover up to a certain dollar amount. Additional coverage can be added to your policy to ensure these important items or assets are fully covered in the event of a break-in or disaster.
Any time that you are making significant changes to your home, you should consider contacting your agent to review your policy and talk about your plans. A few examples of when it is good practice to review with your agent: home additions, adding items to your property like a detached garage, deck or patio, major purchases for assets contained within the home (collectibles, jewelry, electronics, etc), starting a business at your home, purchasing additional properties for outside income or leisure.
There are many instances that normal policies do not provide coverage for. Some of those occurrences include earthquakes, flood and water damage, nuclear, contamination, fungus or mold, normal wear and tear of your home or dwelling, negligence of your house, animal or pet damage, power failure & surges and others. Supplemental insurance is available to add on to your policy for protection against some of these items. It's best practice to contact your agent and review your coverage if you have questions about any of these items or others.
Farm Insurance:
Insurance companies usually look back 3-5 years, so you can expect premiums to be reflective in the event an accident is attached to your policy.
Farm insurance does not directly cover your crops but crop insurance can be added to your coverage. We can tailor make a package through Millville Mutual or Juniata Mutual that covers your specific farming needs.
Life Insurance:
Life insurance can be added or bought at any stage of life. Parents often buy life insurance for their small children as premiums are lower the younger you are. As you get older, coverage becomes more costly. We also recommend combining coverage to maximize your death benefit coverage for the most cost-effective option for you. Contact us to talk about your coverage needs and we're happy to make recommendations for you!
We recommend enough coverage to not only maintain your current living situation, additional expenses and some extra funds set aside for burial costs.
Medical exams are not always required for term life insurance but opting out of one puts you at the risk for higher premiums or lesser coverage options. Medical exams are performed by paramedical nurses at your home or work.
Most insurance policies have a grace period where your payment can still be made without risking cancellation. If you think you won't be able to make your payment, contact your insurance agent to work with them to avoid a cancellation in your policy.
Life insurance is not a one-size-fits-all coverage. The kind of coverage and level of coverage is determined by your needs and debt in the event that you should suddenly pass. You can also add "riders" to your policy for spouses for additional monthly premiums.
It's always great practice to take advantage of policies extended through employers but the coverage level is not nearly as much as you should have. You should also consider that employer-sponsored coverage is only extended to you while working for that company. If you leave your job, the coverage does not transfer with you.
There are no limits to the number of beneficiaries that you can name. It's recommended that you state specific primary and secondary (or contingent) beneficiaries for any policy.
You cannot make changes to existing policies but you can add additional policies on if you want more coverage than you started out with. If you pay off your debt that you considered while choosing your coverage amount, you can cancel your policy to avoid paying premiums that are no longer needed.
Liability Insurance:
Contractors can be added to your policy temporarily or you can tell them they need to purchase their own policy. When you have a General Liability policy, it covers you and your employees. If you have questions about your situation, we're happy to talk.
Most small businesses can go with a standard small business policy for coverage. The amount that is best for you should be based on the size of your business and the type of business that you have. This also includes the type of/typical customer and the number of employees that you have. A standard $1 million/$2 million policy will pay out up to $1 million to cover any one claim but not more than $2 million for the policy lifetime... which is typically one year.
Retirement Annuities:
There are 2 types of annuities - variable & income. Variable annuities help you save for retirement and income annuities help you pay for expenses during retirement. Contact us to talk about your situation and decide on the best retirement package for your needs.
Variable annuities allow you to invest pre-tax, so that all your funds can help your annuity grow. When it's time to withdraw, that is when taxes are assessed. There is also no IRS-imposed cap on your contribution amounts and you do not have to wait until 70.5 to start withdrawing your money.
Income annuities allow you an option for additional cash flow beyond your retirement funds. These are excellent choices to help ensure that you'll have enough money throughout your retirement with equal payments that are guaranteed by the insurance company.
Annuities do not have an annual contribution amount, so they are perfect for instances where you have large amounts of money to add, instead of running the risk of hitting the caps set for other retirement accounts like IRAs and 401k.
Commercial Insurance:
Now. It's best to have you and your business protected from day one. In the event you encounter a loss or accident on your first day or day 302, you'll have coverage to help. You cannot claim anything that happens before your policy is active, so it's not wise to go without insurance at any point. In some cases, insurance is required anyway. Contact us to talk in more detail.
No. Each business and their needs are different. There are different packages that businesses can go with, like Business Owner Policies (BOP) for smaller businesses. Contact us to learn more.
Have more insurance questions? Give us a call.
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Reisinger Insurance Agency, Inc.
3597 Cold Storage Rd., New Bloomfield, PA 17068
Mailing Address: P.O. Box 116, New Bloomfield, PA 17068
Tel: 717-582-2321 • Fax: 717-582-2005
dean@reisingerinsurance.com
Monday - Friday 8:30am - 4:30pm | Saturday & Sunday - Closed
The information expressed on this website is meant to help educate our viewers. You should always consult an insurance professional to find a plan that benefits you or your family best.
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