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Our FAQs

QUESTIONS & ANSWERS

Insurance FAQs You Should Know

What insurance is required by law?

Auto insurance is legally required in most states, and mortgage insurance is often mandatory if your down payment is below 20%.

Do I need health insurance if I’m young?

Yes. Health issues can occur unexpectedly. Having a plan ensures access to quality care and prevents financial strain.

Can I have multiple types of insurance?

Absolutely. Most people carry a combination—auto, health, life, and home insurance—to fully protect their assets and well-being.

How do I file a claim?

You can file a claim online, through your insurance agent, or by phone. Make sure to gather all documents and evidence to support your claim.

Is life insurance taxable?

Generally, the death benefit paid to beneficiaries is not taxable. However, interest earned or policies with cash value may have tax implications.

What does mortgage insurance cover?

Mortgage insurance protects the lender in case you default on your home loan. It doesn’t cover your home or belongings.