Insurance FAQs provided by Pearson & Company Insurance
Q: What kinds of questions should I be expected to answer when I’m applying for an insurance policy in Mississippi and Alabama. Why do insurers need so much information?
A: When you apply for an insurance policy at Pearson & Company Insurance you will be asked a number of questions. For example, we might ask your name, age, gender, address, etc. You will also be asked a series of other questions which will be used to determine how likely you are to make a claim.
When Pearson & Company Insurance is deciding whether or not to offer car insurance to a potential customer, we want to know about your previous driving record, whether they have any recent accidents or tickets, and what type of car will need to be insured.
Pearson & Company Insurance offers a variety of programs for different customers. Adults with good driving records will generally pay less for car insurance, than young drivers with traffic tickets. In order to determine which program you qualify for, Pearson & Company Insurance will need basic information about you.
In addition to your age, gender and driving experience, information about the car you drive, and your driving record, is also needed to determine a fair price. For example, a large luxury car costs more to repair or replace than a compact car. Also, someone in Meridian, Quitman, Philadelphia or Newton who commutes 30 miles each way is more likely to be in an accident, than someone who is retired and only drives on weekends.
Q: What are the advantages to using an agent to purchase insurance?
A: By using an agent such as Pearson & Company Insurance the policyholder receives more personalized service. Having direct contact with Pearson & Company Insurance can be very important when purchasing insurance, and absolutely necessary when filing a claim. Pearson & Company Insurance is able to deliver quality insurance in East MS and West AL with competitive pricing and local, customized service.
Car Insurance FAQs in Mississippi and Alabama
Q: I have an older car whose current market value is very low – do I really need to purchase car insurance?
A: Yes- you need to at least carry liability insurance. Most states have insurance laws that require drivers to have at least some car liability insurance. These laws were enacted to ensure that victims of car accidents receive compensation, when their losses are caused by the actions of a negligent individual.
Often times the cost of repairing the damages to an older car is greater than its value. In these cases, your insurer will usually just "total" the car and give you a check for the car’s market value less than the deductible. Many people with older cars decide not to purchase any physical damage coverage.
Q: What is the difference between collision physical damage coverage and comprehensive physical damage coverage?
A: Collision is defined as losses you incur when your car collides into another car or object. For example, if you hit a car in a parking lot, the damages to your car will be paid under your collision coverage.
Comprehensive provides coverage for mostly other direct physical damage losses you could incur, including theft. For example, damage to your car from a hailstorm will be covered under your comprehensive coverage.
Q: What factors can affect the cost of my car insurance in Mississippi and Alabama?
A: A number of factors can affect the cost of your car insurance in MS and AL -- some of which you can control and some that are beyond your control.
The type of car you drive, the purpose the car serves, your driving record, and where the car is garaged can all affect how much your car insurance will cost you in Meridian, Jackson, Hattiesburg, Philadelphia, Quitman and other areas.
Even your marital status can affect your cost of insurance. Statistics show that married couples tend to have fewer and less costly accidents than those who are single.