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| Answers to Frequently Asked Insurance Questions |
With more than 60 years of providing property and auto insurance policies to
our Colorado community, Farm Bureau Insurance agents have been asked many
insurance questions. To help uncomplicate the complicated world
of insurance, we have provided answers to some of these questions.
Do I have to buy auto insurance?
Yes. All states have financial responsibility laws. This means that either you
must purchase a minimum amount of liability insurance or prove that you have set
aside enough money to pay for the damage you may cause in an accident.
How much will my insurance cost?
Premiums, or the amount you pay for insurance, can vary widely. The type of car
you drive, your driving record, your age, your sex, where you live, and how much
you drive usually affect the cost. Speak with a Farm Bureau Insurance agent to
get a no-obligation quote for Colorado car
insurance.
Will my auto insurance be affected if I'm involved in an accident or get a ticket?
You may have to pay more for your auto insurance if you're at fault in
an accident, get a ticket for a serious traffic violation such as speeding, or
file too many claims.
I have a homeowner's policy. Is my home covered for damages caused by high winds or tornadoes?
Most homeowner's policies cover damages
to the dwellings caused by tornadoes or other wind damage. Our homeowner's
policy covers your dwelling and personal items inside the home. The homeowner
policy also covers storage buildings and other outside structures on the insured
premises including personal items inside the building. Be sure to speak with your Farm Bureau Insurance agent to know what your specific policy covers.
Will the damages caused to my home by flood or rising water be covered under my homeowner policy?
Most homeowner and fire policies with extended coverage will not cover flood
damages or claims resulting from rising water. Generally, you would need a flood insurance policy from the National Flood Insurance Plan to have protection for this type of loss.
If I do not have a mortgage on my home, why do I need homeowner's insurance?
Homeowner's insurance provides financial protection against disasters. A
standard policy insures the home itself and the things you keep in it. So, even
if you don't owe money on your home, if you suffer loss, you will still be able
to recoup the value of your home (as covered in your policy) and be able to
repair or rebuild your home as needed. Homeowner's insurance is a package
policy. This means that it covers both damage to your property and your
liability or legal responsibility for any injuries and property damage you or
members of your family cause to other people.
Why would I need life insurance?
In addition to protecting your family's financial security after you die, life
insurance may also be beneficial to you while you are still alive. Some life insurance
policies are designed to let you use some of the money in your cash value
account to pay expenses or to supplement your retirement income. Some life
insurance policies also have tax advantages.
Can't I just get health insurance through my work?
Yes, if you have a job that offers health insurance, you would probably benefit from getting your health insurance through group coverage at your place of employment. However, if you are a part-time worker, self-employed, a contractor, or between jobs, you probably do not have access to group coverage, so you might need individual health insurance coverage.
Also, group coverage may have limits and you might be interested in supplementing your current health insurance policy with cancer insurance, disability insurance, or a long-term care policy.
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My Account
Your My Account profile will allow you pay your bills online, report a claim, and view your billing summary for all eligible policies.
If you need assistance or have questions about this feature, please contact our Customer Support Department.
1.800.315.5998
Mon - Fri / 8am to 5pm (MST) |
Join the Farm Bureau Insurance Family
Are you considering a career in insurance and financial serv-ices? Farm Bureau Insurance has great opportunities for hard-working, self-motivated, success-oriented individuals.
303.749.7623
866-889-4804
careeragent@cfbmic.com |
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Find an Agent
Talk to your local Farm Bureau Insurance agent today. |
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Report a Claim
Our Claims Department is one of the best in the state. Ready and eager to get you back on track after an accident.
Please contact the
Customer Support Department for immediate assistance.
1.800.315.5998
Mon - Fri / 8am to 5pm (MST) |
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