F.A.Q.

This section includes popular question and answers to some common queries about insurance

Notable Quote

NEW YORK, January 22, 2007 — Major purchases and lifestyle changes such as marriage, divorce or retirement can have a profound effect on your insurance, according to the Insurance Information Institute (I.I.I.)

“To make the most of your insurance dollars, it is very important that you let your insurance agent or company representative know about alterations to your home and other major events in your life,” says Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I. “A great way to start the new year off on a firm financial footing is to discuss your current insurance needs with your agent, broker or company representative to make sure that it is up-to-date.”

At least 32 million U.S. households own insurance policies that aren’t right for them; in 2006 58 percent of homes were undervalued—by an average of 21 percent—relative to what it would cost to rebuild.