FAQs
Date	Description	Department	Type
07.07.11	Fuel Oil Remediation Chapter 453 of the MA Acts of 2008 requires insurance companies insuring one to four family residential properties to offer coverage for costs associated with the remediation or clean up of oil or liquid fuel spills. The purpose of the law is	Personal Insurance	FAQs
05.25.11	I consider myself a younger individual. Is there a value in purchasing Life Insurance now? When to buy life insurance depends more on your individual circumstances and your personality than on any hard-and-fast rules. Life insurance premiums increase dramatically as you get older. If you buy permanent life insurance while you're younger	Life Insurance	FAQs
05.12.11	Do I need commercial plates if I have lettering on my vehicle? Yes, in Massachusetts, the state requires a vehicle to have commercial plates if there is magnetic or permanent lettering on the vehicle.	Business Insurance	FAQs
05.12.11	What is Damage to premises rented to you? Formerly known as Fire Legal Liability Coverage - covers your liability to others if you occupy leased or rented property for which you could be held legally liable for damage to the property due to fire or explosion.	Business Insurance	FAQs
05.12.11	Crime, fidelity, employee dishonesty and bond are often used interchangeably. Are they the same? Theft of your business personal property can be covered under a separate policy or endorsement. Historically this coverage was only available under a Bond form under the crime category. Although coverage can still be purchased under a separate bond many	Business Insurance	FAQs
05.12.11	Do I need to carry Workers Compensation Insurance? Every Massachusetts employer is required to provide workers’ compensation insurance coverage for their employees. An employee may be an individual , partnership, joint venture, corporation, limited	Business Insurance	FAQs
04.23.11	How much coverage do I need for condominium unit? Insurance for condominiums can be a little confusing for the home owner. Your association instruments – the Master Deed and By-Laws – separate the insuring responsibilities of the unit-owner and the association. The Master Deed will describe in detail	Personal Insurance	FAQs
04.23.11	I own a townhouse. Should it be insured like a condominium or a house? The term “townhouse” describes a form of architecture, not a form of real estate ownership. Your unit may be part of a condominium association and should therefore be covered on a condominium unit owner’s policy. On the other hand, the deed may be “fee	Personal Insurance	FAQs
04.23.11	What is the value of having WTPhelan service all of my personal insurance policies? Having all of your insurance policies with one agent helps prevent any gaps in your insurance coverage. Your agent can review all of your needs, and offer a personalized protection plan to cover your exposure. Insuring your home and auto with the same i	Personal Insurance	FAQs
04.23.11	Am I covered for Earthquake on my home insurance policy? Earthquake or earth movement is generally excluded on home insurance and dwelling fire insurance policies. Although there have been few events in recent years, the potential for damage always exists. Most homeowner policies may be endorsed to add this c	Personal Insurance	FAQs
04.23.11	Do I need to keep pictures of my personal property? You are not required to keep pictures, videos, receipts, or a written inventory of your personal property. However, after a loss you will be asked to provide the claim adjuster with descriptions and replacement values of all damage or stolen property.	Personal Insurance	FAQs
04.23.11	What happens if I have a business in my home? All home insurance policies place restrictions on coverage for ‘in-home’ businesses. This varies by insurer and the nature of your business. In many cases an “incidental” business exposure may be covered by a relatively inexpensive endorsement that exte	Personal Insurance	FAQs
04.23.11	How do I best protect valuable items and collections? All homeowner insurance policies place limits on the amount of coverage provided for certain classes of valuable property, specifically jewelry, silverware, furs, firearms, and coin or stamp collections. Other types of property like fine arts, antiques,	Personal Insurance	FAQs
04.23.11	Will my rates increase if I have a homeowners insurance claim? Unlike most automobile insurance policies, your premiums will not automatically increase if you present a claim. Underwriters will evaluate the nature (size & frequency) of claims to determine whether some risk management action is appropriate.	Personal Insurance	FAQs
04.23.11	How much insurance should I carry on my house? Our goal is to provide enough home insurance coverage to repair or replace your home to the same condition it was in right before your claim. Your house, or dwelling, should be insured for its full replacement cost. That is the amount needed to rebuild	Personal Insurance	FAQs
04.23.11	Do I need to carry additional insurance if I hire a nanny or an au pair? If you have an au pair or regular household help, you may need Workers’ Compensation insurance in MA. Employees are not covered by a Homeowner’s policy. If these individuals are also driving your vehicles, they should be listed as household drivers on	Personal Insurance	FAQs
04.23.11	What if I have a swimming pool? Typical home insurance policies do not exclude liability coverage for claims arising from the use of your swimming pool. During the underwriting process, carriers will want to make sure that your pool or yard meets all local codes concerning safety:	Personal Insurance	FAQs
04.23.11	Am I covered if I rent or borrow a truck or van? Your personal auto insurance policy does not provide coverage for a rented or borrowed truck, van. etc. If you are renting a truck, you should check with the rental company regarding the purchase of collision and comprehensive insurance. If you are borro	Personal Insurance	FAQs
04.23.11	What should I do if I'm planning on taking my vehicle to Canada? If you are planning to travel to Canada in the future, please be sure to contact our office for a Canada card to show proof of automobile coverage.	Personal Insurance	FAQs
04.23.11	Am I covered if a tree from my property falls on my neighbor's fence? Your homeowner insurance policy covers you for damages for which you are legally liable, subject to the policy’s terms and conditions. So if your tree falls and causes damage to your neighbor’s property, the claim adjuster will determine whether you are	Personal Insurance	FAQs
04.21.11	If I (or a family member) already have an existing health issue, is it too late to apply for life in Dave Ramsey can obtain an indication on your behalf and avoid negative information appearing on your MIB (Medical Information Bureau records). He will assist in maintaining your privacy, discreetly discuss your medical issue, while obtaining the best off	Life Insurance	FAQs
04.21.11	I have a fear of medical exams. Are there cases in which I don't have to take a medical exam to buy "Simplified issue" life insurance policies require that you answer some medical history questions but don't require an exam.	Life Insurance	FAQs
04.21.11	If you already have a life insurance policy in place, is the death benefit adequate for your existin When determining the amount of coverage you should have, a review of your personal circumstances is necessary. A more simplified approach includes calculations based on a multiple of your income.	Life Insurance	FAQs
04.21.11	Is it important for me to do due diligence about the company that writes my life coverage? Before purchasing life insurance, our clients can sit with David Ramsey and review the financial strength of the insurance company that we have recommended as well as its ethical reputation. We quote companies that are highly rated by the major independen	Life Insurance	FAQs
04.21.11	My employer now provides life insurance as an employee benefit. Isn't this sufficent for my needs? When group term insurance is provided through your employer, the employer may pay for most (and in some cases all) of the premiums. The amount of your coverage is typically equal to one or two times your annual salary.	Life Insurance	FAQs