You’ve got a great policy with Hastings Mutual, one that provides the coverage you need. But how do you read it? What do those words mean? What exactly is covered under the terms of the policy? The best way to answer those questions is to ask your knowledgeable, helpful independent insurance agent. But if he or she isn’t available, here’s a guide on the basics to look for.
A policy is a contract between the insurer (Hastings Mutual) and the insured (you). It usually contains four primary parts:
Here are few examples of what Hastings Mutual policies can do for you.
Personal insurance isn’t just for a home; it can also be for a rental property, a car, another kind of vehicle (like a boat or snowmobile), or many other types of property.
A Homeowners policy, one of the most popular offerings, typically covers:
Commercial policies address a company’s property, inventory, and employees. Hastings Mutual’s Businessowners Program, and Commercial Package Policies, offer coverage for all those areas, if you want it. They also can feature coverage for loss of business income (to make up for profits that weren’t made while the store was closed for repairs, for example), valuable papers, medical payments for injured employees and/or customers, and more.
Farm policies cover residences and business risks, breakdown and damage of machinery, outbuildings, and the risk of standing grain being hit by lightning or caught in a fire. Sudden and Accidental Pollution coverage is for cleanup and legal defense against unexpected oil leaks or chemical spills.
This content is for informational purposes only, and may not be applicable in all situations. Coverages may change; ask your agent for current information.
Source: NAIC, insure.com, thebalance.com