Home
If you own your home outright, are you legally required to buy homeowners insurance?
No, but it can be very costly if the home sustains damages with no coverage in place to pay for the repairs
Are you required by law to have auto insurance in the state of Idaho?
Yes
Are all claims against your home policy covered?
No, there are exclusions on every home policy that decline coverage given the specific circumstances of how and what caused the damages.
What is the most enjoyable aspect of this business?
A. Relationships with clients
B. Providing the proper coverage for each client
C. Adding value and educating clients on insurance coverages
D. All the above
D
What is the monetary obligation an insured has to pay after filing a claim called?
Deductible
Per Idaho law, how long does someone have after purchasing a new vehicle, to add it to their insurance policy?
A. 10 days
B 2 weeks
C 30 days
What is the most common claim filed for on an auto policy?
A. Collision
B. Medical
C. Roadside Service
C, Roadside claims for tow, lockout and dead batteries are the most frequent claims filed. Windshield repair and replacement is a close second.
What states is Byron licensed to sell in?
A. Idaho
B. Oregon
C. Arizona
D. All the above
D
Are weather related losses to your home chargeable against you?
No, weather related losses are not chargeable.
What is one of the biggest "I wish I had" coverages on an auto policy at the time of a claim that most clients mention?
A. Towing
B. Rental Car/loss of use
C. Medical Payments
B, As an agent I offer this coverage on all auto policies that carry full coverage. In my tenure, this coverage is the most declined initially thinking they wont need it nor do they want to pay the extra premium for it. However it is one of the first questions a clients asks about. Make sure you have the coverage!!
True or false. All claims are treated equally amongst the various insurance companies?
False! Every claims experience can be different. It is my goal 100% of the time to ensure my clients have all the information and communication needed to feel secure and up to date on the timing and processes of every claim they go through.
How long does a speeding ticket stay on your record?
A. 5 years
B. 3 years
C. 7 years
B, 3 years.
What is the proper way to ensure that your home is adequality covered?
A. Assessed Value
B. Computed Rebuild Value
B, a computed rebuild value incorporating all aspects and characteristics of the home is the proper way to ensure the home can be rebuilt.
If you have a Farmers auto policy, can you give someone permission to drive your vehicle and extend coverage to them?
Yes, as long as they are not excluded as a driver, Farmers is one of few companies who offers permissive use.
As an insured, should I immediately file a claim for what I believe is a covered loss?
A. Yes
B. No
No, not all claims warrant filing.
-Cost of repairs versus deductible
-Whether it is truly covered
-Chargeability in the future
How Long has Byron been with Farmers Insurance?
A. 10 years
B. 8 years
C. 13 years
C, 13 years, I started my scratch agency in 2010.
If a healthy tree on your property is blown over onto your neighbors house and causes damage, are you liable for their repairs?
No, circumstances like this are considered "acts of god" and you as the homeowner are not liable.
When it comes to insurance requirements for a financed vehicle. Most financial institutions like to see a deductible no higher than?
A. 1000
B. 500
C. 750
B, 500 is the standard deductible limit listed on the insurance requirements for both comprehensive and collision.
What is the term used by insurance companies to seek repayment from a third party for money the company has paid out on behalf of their client?
A. Subrogation
B. Lawsuit
C. Repayment in good faith
A, subrogation is the process in which company A seeks to get repayment from company B who was liable for damages caused to company A's client.
Who is the best agent in Idaho?
Byron Erstad!!!!!