Frequently Asked Questions once you locate affordable auto insurance and homeowners coverage...
There are many factors that you need to consider when shopping for homeowners insurance quotes and an auto insurance quote in east Tennessee or anywhere. The results are typically limited to but based on the capabilities of the insurance agency servicing your policy. What sets MIG apart from the competition in Knoxville and the East Tennessee area is our relationships with top rated insurance carriers and our commitment to working tirelessly in obtaining the most affordable auto insurance and homeowners coverage. As an independent insurance agent, we work solely on behalf of our clients... This means we don't quit until you're satisfied.
Here are a few frequently asked questions:
- Do all auto insurance companies offer the same coverage and discounts?
NO... While many of the basic types of coverage - Liability, Collision, Comprehensive, Personal Injury Protection, Medical payments, Uninsured Motorist - are offered by most all major companies, discounts and specialized coverage can vary greatly between companies. For instance, not all insurance companies offer loan/lease payoff coverage, student discounts, good driving discounts, full glass repair, deductible reductions, replacement coverage, loss of use etc. These are all factors only you can determine
- Are all insurance companies the same?
NO... This is something else to consider when shopping for coverage. You pay too much money not to have claims handled properly by some cut rate company. MIG thoroughly vets all our partner carriers to make sure they are financially stable and have a long track record of paying obligations.
- How much insurance coverage do I need?
Your individual needs and situation will dictate the appropriate amount of coverage. When you're trying to determine how much insurance to buy here are a few factors to consider:
- How much can you afford to pay out of pocket? Choose a deductible that will not be a financial burden to pay out of pocket.
- Limits of Insurance Coverage - Choose limits of coverage wisely. The state minimums aren't usually enough to cover a major accident. Personal liability is also important because a few hundred thousand can easily be exhausted in a lawsuit.
- What type of vehicles do you drive? Its worth considering higher limits anyway but larger vehicles can cause more property damage etc.
- How do I cancel my other policy with my current agent?
EASY, we will do all the paperwork for you. All you need to do is sign the forms and we will handle the rest on your behalf. If you do have direct deposits it would be worth contacting your bank etc to let them know the monthly draft is being cancelled. Keep an eye on your account just incase though. Once the cancellation is processed you will be refunded any overpaid premium.
- Will you let my mortgage company know I have switched insurance companies?
Yes, we will notify any mortgagees or financial institutions of the change. However, if you do get any letters from anyone concerning coverage please contact us and we can make sure they received all the correct paperwork. When changing insurance companies it will typically take 30-60 days for them to process the change in their system and cancellation paperwork is processed more quickly. Don't be alarmed... We will take care of everything.