Q: What is an Insurance Bureau Score?

A: An Insurance Bureau Score is a snapshot of a consumer's insurance risk picture at a particular point in time based on credit report information. Insurers use Insurance Bureau Scores along with motor vehicle records, loss reports or application information to evaluate new and renewal auto and homeowner insurance policies. It helps them decide, 'if we accept this applicant or renew this policy, will we likely be exposed to more losses than our collected premiums will allow us to handle?"

Insurance Bureau Scores are based solely on information in consumer credit reports. The scores are dynamic, changing as new information is added to a consumer's credit report. Insurers will typically ask for a current score when they receive a new application for insurance so they have the most recent information available. Learn More...

Q: Am I covered when I rent a car?

A: Usually, be sure to refer call your agent for exact details. Some considerations to note:
-private passenger autos, and pickups are usually covered, a conversion van, bus, rv or truck may not be.
-business use of a pickup or van is excluded
-Mexico - you must purchase insurance in Mexico
-Canada - you need a special insurance card
-special consideration must be made if you will be renting the car for over 30 days
-most rental car contracts specify only the renter and their spouse may drive the car... be careful who you gives the keys to!

Q: What does replacement cost mean?

A: The current replacement cost of a building is the amount it would cost to construct the building today using materials of the same kind and quality. The replacement cost of a house does not include the value of the land because the land itself will not be damaged by most perils.