WHAT IS A DEDUCTIBLE?
A deductible is the out-of-pocket money you pay before your insurance coverage begins. It's typically $250 to $1,000 per claim. For example, if the covered claim is $2,500 and your deductible is $500, you pay $500.
Acceptance pays the remaining $2,000.
To reduce your monthly payment, choose a higher deductible.
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Liability: If you are deemed at fault in a car accident, liability coverage will pay for repairs, medical costs for injuries suffered by others in the vehicle, plus other expenses related to the accident such as legal fees. Your liability limits are set at the time you purchase your policy. There are two parts to liability coverage: Bodily injury liability and property damage liability. The limits are the maximum amount the policy will pay out; anything above that would come out of your pocket unless you have other insurance.
Collision: If you hit another vehicle or an object (like a guardrail), your collision coverage will pay for damages or repairs to your vehicle after you pay a deductible (up-front amount). In other words, if you have collision coverage with a $500 deductible and you suffer damage that costs $1,500, your collision coverage will pay $1000 after you pay the first $500.
Comprehensive: Comprehensive coverage, which is also known as "other than collision," pays for losses to your vehicle if it suffers damage from something other than an accident. For example, if a tree falls on your car or you hit a deer while driving, some portion of that loss will be covered if you have comprehensive coverage. Like collision, comprehensive has a deductible attached to it.
Medical Expenses: This coverage pays for injuries that you, a family member or anyone else riding your vehicle may suffer in an auto accident, regardless of who is at fault. It also pays for injuries you or your family members may incur while riding in other vehicles.
Uninsured/Underinsured Motorist: This coverage pays for injuries and property damage you suffer in an accident when the driver at fault either is uninsured or does not have enough insurance to cover your injuries and damage. It will also cover you in the event that a hit-and-run driver flees the scene and you cannot file a claim against that driver’s insurance company.
Roadside Assistance: Many insurance companies offer this optional coverage. If you need a tow or service for a flat tire or dead battery, roadside assistance will provide that service for a nominal premium.
Rental Reimbursement: If your car is in the shop for several days and you need a vehicle, this coverage will provide that for you for a nominal premium.
Property damage: This includes damage and destruction to your residence and/or detached structures. You will receive compensation, up to the limits of your policy, if your house or storage shed is damaged due to a covered hazard. Standard covered circumstances include things like hurricanes and vandalism, but other hazards such as earthquakes and floods are excluded. Be sure to check your homeowners policy for exclusions.
Personal property loss: Includes damage or theft of personal property, up to your set policy limits for covered circumstances, which typically excludes flooding, earthquakes, and personal negligence. If your personal property is very valuable (such as collectibles or antiques) you’ll likely need additional “riders” or special endorsements on your policy. Be sure to talk with a knowledgeable agent about your personal belongings and valuables, as standard limits may not be adequate to cover a major loss.
Personal liability: If you, your family member, or even your pet causes an accident, injury or property damage, your homeowners insurance can protect you. Whether the issue requires medical care or repair of property, you will typically have coverage up to your liability limits. There are exclusions, such as aggressive acts against a neighbor, so it is important to fully understand your liability coverage. Be sure to talk with an agent about how to choose adequate policy limits that protect your finances in the event of a lawsuit.
Added living costs: If your house is uninhabitable, your homeowners insurance can pay for alternative living arrangements while your home is repaired or rebuilt. Depending upon your homeowners insurance company and the specifics of your policy, this may be included or may be an optional coverage. You will typically have daily and total overall limits for this coverage.
WHAT IS HOMEOWNERS INSURANCE?
Homeowners insurance provides coverage for a range of risks that you may face as a homeowner that otherwise can be financially challenging to cover out of pocket. These include:
Motorhome & RV
Personal Watercraft & Marine
• Auto (Commercial)
• Business Owners Package
• Business Interruption
• Commercial Property
• Commercial Umbrella
• Contractor's Liability
• Directors & Officers Liability
• General Liability
• Hotel & Motel Hospitality
• Investment Property
• Liquor Liability
• Product Liability
• Professional Liability (E&O)
• Special Event
• Surety Bonds
• Technology Insurance
• Wholesalers & Distributors
• Workers' Compensation
Mon: 8:00am - 4:30pm
Tue: 8:00am - 4:30pm
Wed: 8:00am - 4:30pm
Thu: 8:00am - 4:30pm
Fri: 8:00am - 4:30pm
MORE ABOUT MIKE LACOMBE INSURANCE
Insurance is not just a job; Insurance is my career and i am the owner of Mike Lacombe Insurance Agency. Good customer service is a top priority in my business. I am available to answer questions before, during and after the sale. Mike Lacombe Insurance Agency opened in 2004, however, I have over 30 years of insurance experience. The agency is Coveniently Located in Avoyelles Parish which is centrally located in Louisiana. Our agency offers a comprehensive selection of products and services that can meet any reasonable need a client may have. We have access to many various markets to fit the insurance needs of any size business. We also offer all types of insurance.
Mike Lacombe is also involved in many other organizations in the parish. He is an elected Avoyelles Parish School Board Member for 7 years representing district 7, he has been on the fire department for the Town of Cottonport for 25 years, and has also been on the Knights of Columbus for 20 years and was Grand Knight for 4 years.
WELCOME TO MIKE LACOMBE INSURANCE
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