Frequently Asked Questions

No, you are not required to pay anything for getting an insurance quote. All quotes are completely free at Penny insurance.

Our team will represent you with the spot comparison between different businesses and ours. We will let you know what you will be paying outside and what you will be charged here. We have a vast database available to make your concerns go away about what we are providing and what others have to offer.

Getting multiple quotes is the best way to save money on your policy. Make sure you shop around from various companies so that you know how our prices differ and what we are covering. Once you have decided, make claims only when necessary. You can work wisely by applying for insurance claims when there is major damage. For the minor damages, you can pay from your pocket.

Almost every state requires you to have some kind of car liability insurance. Such laws were implemented to cover those who were right in their driving ways but were a victim of other’s reckless driving.

Many times the cost of repairing an old vehicle is much more than the car’s costs. In such cases, your insurer will hand you over with the check for the market value of the car less than the deductions and will total the car. For such reasons, a lot of people don’t buy coverage for physical damage.

Here are some important things to keep in mind while buying homeowner insurance:

The type of insurance and amount you are required. The covered cost of your house must be completely equal to the replacement cost. If your limit is less than 80% of the replacement cost, you will get an amount less than the actual value from your insurer, and the rest of the amount must be paid by you. Remember to check if the personal liability and personal property limits are according to your need.

If you are looking for natural disaster coverage or for your special items coverage you are free to ask an agent.

You will be asked about your basic information first and a couple of other questions that will be needed to determine how much eligible you are for claims.

For example, when applying for auto insurance you will be asked about your driving history and the number of accidents or tickets you have got over the years. The information will help the agent to provide a suitable price for your insurance policy. The research data suggests a clean driving history helps in getting lower car insurance rates rather than a bad driving record.

Travel insurance is not a substitute for health insurance. The insurance is to cover unexpected emergencies and not frequent checkups. As soon as you are sent to your home country for a health emergency, your health coverage is then used in your home country.

This the reason you are required to have both travel insurance and health insurance to cover your medical expenses. For example, if you have got dengue, broke a leg abroad then travel insurance will have you covered. But if you are looking to get a cavity filled by a doctor travel insurance can’t be claimed.

The answer is plain no, if you are being irresponsible your insurer will ask you if you were in senses while driving. The insurer will not only ask you about your driving but they will be investigating how you drive, and if they found the truth you won’t be covered for your claim. Stay smart and don’t put yourself and others around you in danger.

Renter insurance covers your possession but it doesn’t cover the jewelry or the coin collection you own. You only get a limited coverage out of your renter insurance, so ask your insurance company what is covered and what is not.

A lot of states need you to have SR-22 coverage with an insurance policy for up to three years. The requirements vary from state to state, so ask your insurer about the requirements of your state.

SR-22 is required if you have violation driving rules, the list is given below (but not limited to):

  • Reckless driving
  • At-fault accident
  • Reckless driving
  • DWI or DUI
  • Driving with a suspended license
  • Driving without insurance coverage

You might need SR-22 if you have a record of small incidents over time. A good driving record on the other hand doesn’t need SR-22.

Getting a surety bond is easy with penny insurance. You can get in touch with a surety bond specialist via call or an online form. After you have spoken to a specialist, our team will work to get you the lowest surety bond cost.

Once you are contacted by the surety bond specialist and you approve the cost, your bond will be executed quickly. Once the bond is issued you get a copy through email and given the hard copy through your preferred shipping method.

You might be needed to buy a surety bond because of your job type or the place you work in. Many government entities make it a necessity to use surety bonds for specific industries as protection measures for consumer interests. Oftentimes business owners must get a bond before they get a license to run the business in state or city.

You might be needed to buy a surety bond because of your job type or the place you work in. Many government entities make it a necessity to use surety bonds for specific industries as protection measures for consumer interests. Oftentimes business owners must get a bond before they get a license to run the business in state or city.

Telehealth is required by both federal and state, and also by U.S. Food and Drug Administration (FDA) standards, the Health Insurance Portability and Accountability Act of 1996 (HIPAA), and the licensing requirements of the state.

These are the benefit provided in addition to the main insurance policy coverage. The benefits are to aid the policyholder with extra support when a claim is made.

The usual range for an SR-22 subscription fee is between $15 and $50 in the market. Ask the agent to provide the least rates to you.

To get an SR-22 you must have an auto insurance policy.

SR-22 requirements are different in every state there is a high chance you will be required to purchase a new SR-22 certificate if you have moved to a new state.

Peril is the specific risk or reason for the loss. Not all the policies have the same perils some are “named-perils”, others are “open-peril”.  Named-perils are the common coverage in the renter insurance policy, while open-peril are the ones that cover for every event except the names included in the policy. Don’t skip the perils stated in your insurance policy as it will tell for what things you are covered.

If you happen to have a pet it is wise to get renter insurance. You don’t know what damage they might cause or who they might bite on your property. If any trouble occurs at least you have yourself covered by insurance.

As a homeowner, you are worried about putting your house up for rent. Ask these 8 questions to tenants before signing off a rental agreement.

  • When will you be moving in?
  • Are you bringing any pets?
  • How long have you lived in your previous house?
  • Why are you moving here?
  • How many people will be moving in with you?
  • How many people smoke who are moving in with you?
  • What is your occupation?
  • Have you ever been charged with a crime?

You can get a discount on your home insurance if you have a certain security system installed on your house like certain burglary alarm and lock systems on your property.