FAQs Archive - Page 3 of 5 - Jeff Johnson Insurance Agency

Q: Does Boat Insurance cover passengers?

Boat insurance covers passengers as well as the owner in an accident. Passengers on a boat would be covered under the liability portion of the boater’s policy. However, depending on the policy, coverage may or may not extend to water skiers you are pulling behind the boat. We can discuss how important this and other benefits and coverages are to find the right company to fit your needs.

Q: Do I need Umbrella Insurance?

The point of an umbrella policy is to protect your assets and net worth from a lawsuit. If you have the assets and net worth to protect, an umbrella policy makes sense. It is a good investment for anyone who has more assets and net worth than they have in liability coverages on their auto, homeowner, and other insurance policies.

Q: How much Umbrella coverage do I need?

Here are some simple steps to get you started: Calculate your net worth. Add the value of all assets (home, autos, cash, stocks and bonds, retirement accounts, etc.) and then subtract the value of all your debts. Review your liability limits on your existing insurance policies (auto, homeowners, motorcycle, boat, etc.). Take the smallest liability limit from step 2 and subtract from the number you figured in step 1. The difference is the amount that is unprotected.

Q: Is my laptop covered if it is stolen outside my home?

Renters insurance does cover you for theft outside of your home. That means you’re protected if your laptop gets stolen from the local coffee shop, the campus cafeteria, or on the bus. This is not limited to laptops, it covers all of your personal belongings outside of your home.

Q: What is Underground Service Line coverage?

Many homeowners may not be aware that they are responsible for exterior underground service and utility lines on their property. Damage to these lines can occur from a variety of sources (tree roots, animals, corrosion, freezing). Underground service line coverage extends coverage outside the home to replace or repair exterior service lines that fail or are damaged. Not all insurance companies provide this optional coverage, which is another reason that we, as an independent agency, can find the best fit for your needs.