Frequently Asked Insurance Policy Questions
If you had any questions regarding health, auto, life, or homeowners’ insurance, hopefully our compilation of our frequently asked questions could be of some use. If you have any further questions about any of our insurance policies, give us a call today!
Why is auto insurance important?
Auto insurance provides a safety net when drivers make mistakes. In the event of an accident, you are financially at risk. If you are at fault, your auto insurance covers the damages to the other person's vehicle, as well as medical costs if there are injuries. Ensure your assets are safe by always having auto insurance coverage.
Does auto insurance cover rental cars?
Most auto insurance policies provide the same coverage for a rental car that you have for your personal vehicle. If you are wondering if your auto insurance policy with us covers rental cars, contact us today!
Can I get auto insurance coverage with a suspended license?
Our insurance company will not issue or maintain insurance for a suspended or revoked license. However, by visiting your local Charleston, SC DMV office, you can file an SR-22 form to receive coverage.
Can I update my auto insurance policy before the renewal date?
Yes. If you need to add a driver, remove a vehicle, or increase/decrease your coverage, you have the freedom to do so at any point. And with the help of our expert auto insurance agents, the process of changing your policy becomes a breeze!
If a car is not in my name, can I still insure it?
Typically yes, as long as the vehicle is regularly parked overnight at your place of residence.
How can I get an auto insurance quote?
With C2G Capital Management LLC, getting an auto insurance quote is easy! Simply contact our responsive agents and they will gather some basic information to provide you with an accurate estimate.
What is the difference between a deductible and a copayment in regards to health insurance?
A deductible is the initial amount you must pay each year for covered services before your insurer will chip in. A copayment is a fixed amount you pay towards each medical service. In addition, a coinsurance is a fixed percentage that gets paid towards each medical service. For more in-depth information, contact us today!
What is the difference between Life Insurance and Health Insurance?
Life insurance is used to financially help your family and loved ones in the case of your untimely passing. Health insurance is used to cover the costs of hospitalization and related treatment.
Do I really need health insurance?
Yes, the Affordable Care Act requires all Americans have health insurance that offers "minimum essential coverage." If you can not afford to purchase health insurance, there are other options available to you. For more information about these options, contact our representatives today.
How do I know which life insurance policy is right for me?
Our friendly representatives will be more than happy to help you figure out which life insurance policy is right for you. Policies vary with age and responsibility, but our main goal is to ensure your policy is comprehensive and can ease the burden of expenses after your passing.
What happens to the cash value after my life insurance policy is paid up?
Cash value is normally used to pay premiums until the event of your passing. If you take cash value out, there may not be enough to pay the premiums you owe.
What is home owners insurance and why do I need it?
Home owners insurance exists to protect you from unexpected events. If your belongings are stolen, someone is injured on your property, or your home is damaged, this type of insurance policy can help cover repairs, medical bills, legal fees, temporary housing, replacements, and more. Most mortgage lenders require you to get a home owners insurance policy as a condition of purchasing your home. It offers peace of mind when it comes to burglaries, natural disasters, or accidents.
What does a typical home owners insurance policy cover?
Most policies cover the structure of your home and any other structures on the property (such as a garage or shed), your personal belongings (including valuable items if added), additional living expenses if you cannot live in your home due to a covered loss or repair, and your personal liability or legal fees. Our team can work with you to determine what your individual coverage needs will be.
Do I need to reapply for home owners insurance every year?
It depends. Most policies come up for renewal each year, but customers must maintain eligibility and pay for their policies to be able to renew.
What should I consider when buying home owners insurance?
When choosing your policy, you’ll need to consider several key points, such as the estimated replacement cost of your home, any other structures that exist on your property, what your most valuable belongings are and their worth, whether you rent any part of your home or property, if you have frequent visitors, and more. Our representatives will work with you to determine the answers to these questions and find a home owners insurance policy that meets your needs.
Do I need boat insurance?
Boat insurance is designed to protect you and your passengers from the potentially enormous costs of accident-related damages or injuries incurred while on the boat. It covers physical damage, liability, personal property, and towing or assistance costs. Your boat is not automatically covered under your home owners insurance plan, so purchasing a designated policy is the best way to save yourself from potential financial risk.
