Lester & Smart, Inc.

Home

Homeowners insurance covers loss to your property -- the dwelling, your personal contents, appurtenant structures (garages) and loss of use. In addition, personal liability and medical expense is part of the policy. Some companies will allow you to include your boats, personal articles and recreation vehicles. you may have to purchase separate poicies for additional homes or rental properties. Often older homes or rentals will be insured on a fire policy.

Personal Articles

This coverage insures unique items such as jewelry, furs, collections, guns, silverware, cameras, bicycles, fine arts, golfing equipment and musical instruments. These items can be scheduled at a listed amount and insured with broader coverage than normally provided in the standard homeowner's policy. By scheduling these items, an exact description is given along with a value. Appraisals are required on most items as well as serial numbers (if applicable). Depending on the company, these items will either be added to the home policy or will have a policy of their own.

Auto

Auto insurance applies to private passenger automobiles, campers, trailers, utility trailers, and antique and/or collector vehicles. In some instances, motorcycles are also covered. We have outlined the coverages most commonly purchased:

Bodily Injury	Covers bodily harm, sickness, or disease (including death) which the insured becomes legally responsible because of an auto accident. The insurance company will settle or defend as the consider appropriate.
Property Damage	Covers physical injury to, destruction of, or loss of use of tangible property.
Uninsured Motorist Liability	Covers bodily injury damages to you caused by an uninsured motorist.
Underinsured Motorist Liability	Covers bodily injury damages to you caused by an underinsured motorist.
Medical Expense	Covers medical bills for you or your passengers resulting from an automobile accident.
Collision	Covers damage to your vehicle when it strikes or is struck by an object other than an animal or an object propelled by another vehicle.
“Other Than Collision”	Covers damage to your vehicle that is not considered a collision. “Other than collision” is commonly referred to as “comprehensive.”

You select liability limits and deductibles. You also select collision and “other than collision.”

Boats

Boats and personal watercraft (wave runners and jet skiis) can be insured either on your homeowner's policy or separately. The coverage is based on the value and the horsepower of the craft. It normally has a deductible included.

Recreational Vehicles

This coverage normally includes snowmobiles and all-terrain-vehicles. The premiums are based on the values of the vehicles and the sizes of their engines. Your driving record will also be taken into consideration.

Motorcycles

This coverage is not only for the standard motorcylce, but also for mopeds, mini-bikes, motor scooters and motorized bicycles. Not all companies will offer this coverage.

Umbrella

This policy provides excess liability coverage over other liability insurance carried by the insured. The basic policy protection starts at one million and is available in higher amounts.