FAQ

Frequently Asked Questions

AUTO INSURANCE

What is insurance, and why is it important?

Insurance is a financial arrangement that provides protection against unforeseen events, transferring the risk from an individual to an insurance company. Its importance lies in providing financial security and peace of mind in the face of unexpected circumstances.

What factors impact auto insurance premiums?

Auto insurance premiums are influenced by factors such as driving record, age, gender, location, type of vehicle, and coverage limits.

What is comprehensive auto insurance?

Comprehensive auto insurance covers non-collision events, including theft, vandalism, natural disasters, and animal collisions.

How does a deductible affect my auto insurance policy?

The deductible is the amount the policyholder pays out of pocket before the insurance coverage kicks in. A higher deductible often results in lower premiums but increases the initial cost to the policyholder.

Can my auto insurance premium increase after an accident?

Yes, auto insurance premiums can increase after an accident, especially if the policyholder is found at fault. Accidents may be considered in the insurer’s assessment of risk.

 

HOME INSURANCE

Why do I need homeowners insurance?

Homeowners insurance protects against financial losses related to property damage, theft, or liability issues. It is crucial for safeguarding one’s home and financial well-being.

What does homeowners insurance typically cover?

Homeowners insurance typically covers the structure of the home, personal belongings, liability for injuries on the property, and additional living expenses if the home becomes uninhabitable.

How does the location of my home affect insurance rates?

The location of a home influences insurance rates due to factors like crime rates, proximity to emergency services, and the likelihood of natural disasters.

What is the difference between actual cash value and replacement cost in home insurance?

Actual cash value (ACV) reimburses for the current market value of damaged or stolen items, accounting for depreciation. Replacement cost coverage provides funds to replace items at their current market price without factoring in depreciation.

Are home improvements covered by homeowners insurance?

Home improvements may or may not be automatically covered. It’s essential to inform the insurance company of significant renovations to ensure adequate coverage.

 

BUSINESS INSURANCE

Why do businesses need insurance?

Business insurance safeguards against financial losses due to property damage, liability issues, employee injuries, and other unforeseen events. It is essential for the financial health and continuity of a business.

What does general liability insurance cover?

General liability insurance covers bodily injury, property damage, and personal or advertising injury claims made against a business.

How does business interruption insurance work?

Business interruption insurance compensates a business for lost income and extra expenses incurred during a covered interruption, such as property damage that prevents normal operations.

What is professional liability insurance?

Professional liability insurance, also known as E&O insurance, protects professionals from claims related to negligence or mistakes that result in financial losses for clients.

Can I bundle different types of business insurance?

Yes, businesses can often bundle different types of insurance, such as combining general liability and property insurance into a Business Owner’s Policy (BOP) for cost savings and convenience.

 

INSURANCE CLAIMS

How do I file an insurance claim?

To file an insurance claim, contact your insurance company promptly and provide detailed information about the incident, including photos and any relevant documentation.

What should I do after a car accident to ensure a smooth insurance claim process?

After a car accident, prioritize safety, exchange information with other parties involved, document the scene, and contact the police. Notify your insurance company promptly to initiate the claims process.

How long does it take to process an insurance claim?

The time to process an insurance claim varies based on the complexity of the claim, the responsiveness of involved parties, and the efficiency of the insurance company. Simple claims may be processed relatively quickly, while more complex claims may take longer.

What is subrogation in insurance claims?

Subrogation is the process by which an insurance company seeks reimbursement from the at-fault party or their insurance after compensating the policyholder for a loss.

 

What Our Customers say:

“My husband and I have been insured through Uniworld Insurance for over 20 years. Ileana & Yanexi have always been so helpful, professional and caring when handling our insurance needs”  D. Carrera

 

“In Uniworld Insurance we feel like family! The agents are always eager to help and they explain in full detail everything related to our coverage to make sure we understand what we have and what we need”  M. Mendez

 

Get In Touch

 

Email: [email protected]

Phone: 954-843-0055

Phone & Text messages: 786-267-1473

Phone & Text messages: 305-244-0788