Personal Insurance Basics
What Is Personal Insurance?
Personal insurance transfers the financial consequences of certain personal
losses from individuals and families to an insurance company. Without
insurance, most of us could not buy our homes, finance our cars or prepare for
unexpected financial hardships. Cincinnati offers homeowner,
coverages and more. Always choose value over price alone and let an independent
agent representing Cincinnati help you with your insurance protection.
How Do I Choose the Right Company?
All companies are not alike. When you and your agent choose an insurance
company, ask about its financial strength and its reputation for claims
service. Consider how much it’s worth to you that your insurance company
sound and responds to claims person to person, paying all that is due under
each policy. Cincinnati rates high in all these areas as evidenced by our published rankings, providing
value to our policyholders.
Do I Need Auto Insurance?
Auto insurance is often a legal requirement. Many states require you as a
driver to obtain insurance or to provide evidence that you have the financial
resources to pay a judgment against you if you are liable for injury or damage
to another person. In addition, you may be required to carry comprehensive
and collision coverage, protecting your lender’s interest when you have a loan
on your auto.
Do I Need Homeowner Insurance?
If you have a mortgage on your home, you are required to have homeowner
coverage protecting your mortgage company’s interest in case of damage or
destruction. Even if you pay off your home, most homeowners maintain coverage
to safeguard against financial hardship in the event of a loss.
What Is an Umbrella and Do I Need One?
An umbrella liability policy provides increased personal liability limits to
pay claims above and beyond the dollar amounts covered by your primary auto or
homeowner insurance policy. When your primary insurance is not enough, the
umbrella policy is triggered, spreading its protection. Coverage may also be
initiated if the umbrella affords coverage not found in the primary policy.
Umbrella liability policies typically cover you and your family members who
live with you when responsible for accidental injuries to another person or
another person’s property.
You don’t have to be a millionaire to be sued for a million dollars. If you
can answer “yes” to any of the following, you should consider an umbrella
- Do you own a home or a condo?
- Do you own an auto(s)?
- Is there a teenage driver in the house?
- Do you have a swimming pool?
- Do you have a dog?
- Do you own a boat?
Contact an Agent
Cincinnati Insurance serves you exclusively through a select group of
independent agencies that perform as premier insurance organizations in their
local communities. To obtain a quote, report a claim or learn more about the
value of Cincinnati’s insurance policies and reliable claims service, please find your local independent agency
today. Coverage and credit availability varies by state. Underwriting
requirements apply. This is not a policy.